Midweek M&A Madness

Here are some potential M&A ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts “Seeking Buyers” list. For prior lists, see below.

Blackstone, KKR, Apax, Providence and Permira-backed TDC is readying an IPO, according to rumors. (Reuters)

Barrick Gold Corp could sell off a nickel project in Tanzania and other non-core assets to fund other projects or acquisitions, Chief Executive Aaron Regent said on Wednesday. (Reuters)

Motorola hired JPMorgan Chase and Goldman Sachs to explore a sale of its home and networks mobility division.

Starcore International Mines Ltd., a TXU-traded mining company, has engaged Jordan Capital Markets Inc. as its financial advisor for the exploration of strategic alternatives.

Care Investment Trust Inc., a New York-based health care REIT managed by CIT Healthcare, is nearing completion of a review of its strategic alternatives.  CIT’s bankruptcy filing did not include CIT Healthcare.

Ratiopharm, a German drug maker, has attracted at least 10 first-round bids. (Reuters)

Dow Jones & Co is close to selling its interest in the Stoxx Ltd stock-indexing business for $309 million. Stoxx Ltd is a joint venture between Deutsche Boerse, Dow Jones and SIX Swiss Exchange. (Reuters)

Playboy is in play, possibly selling to Iconix Brand. (Reuters)

Toys ‘R’ Us is cleaning up its balance sheet ahead of an IPO, Debtwire speculated.

Nokia Siemens Networks is weighing a bid for the optical network division of Nortel Networks. Nortel is selling pieces of itself in bankruptcy.

Sinclair Tulsa Refining Co. is seeking buyers for its approximately 30 branded gasoline stations nationwide.

German retail group Arcandor is seeking buyers or investors for its Karstadt department store chain.

First Quench, a European wine retail group that owns of Threshers, Wine Rack, The Local and Haddows stores, is bankrupt and seeking buyers.

Hynix Semiconductor, based in South Korea, will restart the sale of a controlling stake in the world’s No.2 memory chip maker, valued at close to $3 billion, after the sole bidder pulled out. (Reuters)
Destiny Resource Service Corp. continues to seek strategic alternatives. The Calgary-based company provides seismic front-end services to energy explorers and producers and to seismic acquisition companies in North America.

Helicos BioSciences Corp., a genetic analysis instrument company based in Cambridge, Mass., is no longer for sale.

Info Group, a business-to-business marketing firm, took its first round of bids this week from both rivals and private equity firms. The company hired Evercore to advise it on a sale. (Reuters)

Canadian Phoenix Resources Corp. said its subsidiary, Serrano Energy Ltd., is exploring strategic alternatives.

Crystal River Capital, which in August launched a process to explore strategic alternatives,  said it is an “appropriate” time to assess a wide array of possible alternatives. “At present, no such decisions have been made and it is not yet possible to predict what will result from the process,” the company said.

Coinstar continues to explore strategic alternatives for its e-pay and money transfer businesses. Said CEO Paul Davis, “These are strong businesses in themselves, but they do not leverage our core competency in self service automated retail.”

OPTI Canada Inc., a Canadian oil sands business, is exploring strategic alternatives.

MGP Ingredients, based in Kansas, is considering its strategic options with respect to its Pekin facility.

Galleon is (obviously) weighing strategic alternatives for its assets…

CVC pulled out of talks with General Electric about a possible joint bid for the power and transmission unit of France’s Areva, a French financial news service reported on Sunday. (Reuters)