Midweek M&A Madness

As the weather (slowly) warms up, plenty of M&A bankers are hoping the market for deals will as well. We’ve noticed a few more targets coming to market in recent weeks and have compiled a list of some of those we’ve come across. Our sources are various news reports and the Buyouts “Seeking Buyers” list.

The following companies (among many, many others) are either formally considering “strategic alternatives,” reported to be on the block, or rumored to be in sale talks in the past week. I can’t be comprehensive, but I can try. For prior lists, see below, and send any additions my way.

Cox Communications has announced it hired Goldman Sachs to advise it in the possible sale of subsidiary Travel Channel Media. The unit includes the Travel Channel television network and travelchannel.com.

Google is still acquisitive for small companies. The firm’s acquisition strategy will focus on the cloud, mobile, and open source distribution of software sectors.

Belgian soy products maker Alpro is in its second round of auction. The business has received bids from Dean Foods, Raisio and Unilever. The deal value could be between EUR 260 million and EUR 300 million, according to mergermarket.

Dutch food group Wessanen is still studying a potential sale of its North American assets, which include its Tree of Life distribution unit.

News Corp. is close to selling Weekly Standard, its political magazine, to Philip Anchultz.

Energy Partners, a New Orleans-based oil and gas exploration and production company, has retained Parkman Whaling as its financial advisor for the exploration of strategic alternatives.

Kinbauri Gold Corp., based in Ottawa, Canada, is exploring strategic alternatives. The company has recommended against a takeover offer from Orvana Minerals.

Angiotech Pharmaceuticals said it will consider debt, equity or other securities offerings, as well as to consider reorganization, restructuring or other strategic alternatives. The public company recently received clearance from the FDA for its pulmonary embolism devices.

Youbet.com continues to explore strategic alternatives for United Tote Company, its wagering system subsidiary.

Publicly listed Icagen, Inc. has retained J.P. Morgan to advise it on a range of possible transactions, including a potential sale.

Empire Resorts, which owns Monticello Casino and Raceway, retained KPMG to advise it in securing additional capital and to evaluate strategic alternatives.

Xtent Inc. plans to liquidate its assets after reviewing strategic alternatives. The company received approval to being a clinical program on its stent system.

Jackson Hewitt Tax Service Inc., based in New Jersey, hired Goldman Sachs to advise it in exploring strategic alternatives. It also announced it hired former H&R Block head as its interim CEO.

Crew Gold Corp., a UK miner, continues to explore strategic alternatives as it seeks to raise at least $12 million for its Maco mine.

Bankrupt poultry producer Agriprocessors Inc., based in Iowa, is seeking a buyer.

Chardon Rubber, a plastic and rubber maker based Ohio, is seeking a buyer.

Gottschalks Inc., a bankrupt retailer based in California, is seeking a buyer for three of its stores. Forever 21 Inc. has been named as a bidder.

Bankrupt National Tournament Athletic Center, a sports complex operator based in New York, seeks a buyer.

New Frontier Bank, a commercial bank based in Colorado, is seeking a buyer.

Northfield Laboratories Inc., a biological blood substitute producer maker based in Illinois is seeking a buyer.

Regions Financial Corp., an Alabama bank holding company is seeking a buyer. BB&T Corp. and JPMorgan have been named as potential bidders.

Robbins-Gioia LLC, a Virginia-based computer program consulting subsidiary of Informa PLC is seeking buyers.

UK manufacturer Walkers MCR seeks a buyer for its Delaware investment company Vistas at Bonita Bay.

Wannado Entertainment, a Florida amusement park, seeks a buyer. The company is a subsidiary of Corporacion Interamericnaa de Entretenimiento SAB de CV.

Tia Maria, a UK coffee liquor brand owned by Pernod Richard, has begun its auction process. Deutsche Bank and Rabobank are advising the sell side, according to mergermarket.

Dune Energy, a listed, Houston-based exploration and development company, is seeking to restructure.

Previous weeks: Midweek M&A Madness May 28, Midweek M&A Madness May 27, Midweek M&A Madness May 13, Midweek M&A Madness May 5