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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.

Berens Energy Ltd, a Canadian junior oil and gas company, said its board began a process to explore strategic alternatives. The company engaged Peter & Co to assist in it in the process. (Reuters)

First Marblehead Corporation continues to examine strategic alternatives for Union Federal. The company has sold the private education loans on Union Federal’s books. (CNN)

Danish telecommunications provider TDC has kicked-off a sales process and started interviewing banks with a view to a possible listing early next year. TDC is 88% owned by a private equity consortium comprising Kravis, Kohlberg, Roberts & Co., Permira, Apax Partners, Blackstone Group (BX) and Providence Equity Providence through Nordic Telephone Company. (Dow Jones)

Global Energy Holdings Group, Inc. a diversified renewable energy company based in Atlanta, Georgia, is bankrupt and seeking a buyer.

Citizens Financial Bank hired an advisor to help it consider strategic alternatives.

Starcore International Mines Ltd., based in Canada, has engaged Jordan Capital Markets Inc. as its financial advisor in exploring strategic alternatives.

The auction for MGM is going swimmingly, with first round bids due after Thanksgiving. Thus far only two bidders have been given access to the data room. (BusinessWeek)

Berens, a junior oil and gas play with an assortment of Alberta properties in proven fields, announced that it would “explore strategic alternatives.” Investment dealer Peters & Co. got the mandate to find a buyer. (Globe Investor)

Planet Organic Health Corp., a Canadian natural products industry company, comprising manufacturing and retail, is continuing to review all strategic alternatives.

Image Entertainment, a listed independent licensee and distributor of entertainment programming in North America, continues to explore strategic alternatives. The company announced its senior lenders have exercised their right to demand payment the company is in negotiations to avoid default.

Ambac Financial, based in New York, is exploring strategic alternatives after misstating its financial filings.

Hynix Semiconductor Inc, based in Korea, will put a controlling stake in the chipmaker up for sale in an auction next month, valued at close to $3 billion. The sale will take place after the sole bidder for the world’s No. 2 memory chipmaker, Hyosung, pulled out of the process earlier this month. (Reuters)

See All Prior Lists Here