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Royal Philips Electronics (NYSE: PHG) has agreed to sell an 80.1% stake in its semiconductor business to KKR, Silver Lake Partners and AlpInvest Partners. The deal values the total unit at
LeMaitre Vascular Inc., a Burlington, Mass.-based developer of medical devices for the treatment of peripheral vascular disease, priced 5.5 million common shares at $7 per share, for an IPO take of approximately $38.5 million. It had planned to sell six million shares at between $8 and $10 per share. LeMaitre will trade on the Nasdaq […]
Warner Chilcott, a Rockaway, N.J.-based drug company focused on women's healthcare and dermatology, priced 70.6 million common shares at $15 per share (below $17-$19 range), for an IPO take of approximately $1.06 billion. It plans to trade on the Nasdaq under ticker symbol WCRX, while Goldman Sachs served as lead underwriter. The company was taken […]
Kinder Morgan Inc. (NYSE: KMI) has agreed to be acquired for $107.50 per share, or a total transaction value of around $22 billion. Kinder Morgan received a $100 million offer back in May, before which its stock had been trading at $84.41 per share. The buying consortium continues to include GS Capital Partners, AIG, The […]
Cinven and Warburg Pincus have agreed to buy Essent Kabelcom, the cable television unit of Dutch energy company Essent. The deal is valued at
Innophos Holdings Inc., a Cranbury, N.J.-based specialty phosphates company, has set its proposed IPO terms to around 8.7 million common shares being offered art between $14 and $16 per share. It plans to trade on the Nasdaq under ticker symbol IPHS, with Bear Stearns and Credit Suisse serving as co-lead underwriters. Bain Capital acquired Innophos […]
InvesTools Inc. (Nasdaq: IEDU) has agreed to acquire ThinkorSwim Group Inc., operator of an online brokerage platform. The deal is valued at approximately $340 million, including $170 million in cash and 19.1 million IEDU common shares (30% stake). To help fund the deal, InvesTools will receive a $125 million senior term loan and a $25 […]
TSG Consumer Partners has sold its 30% stake in enhanced bottled water company Glaceau (a.k.a. Energy Brands Inc.) to The Tata Group. The deal is valued at $677 million, including both the TSG stake and additional growth capital. Glaceau is a New York-based company whose brands include of Vitaminwater, Fruitwater and Smartwater. www.glaceau.com ChemoCentryx Inc., […]
Willis Stein & Partners has retained Evercore Partners and Lehman Brothers to help evaluate a possible sale of Ziff Davis Holdings, a New York-based publisher of titles like PC Magazine, eWeek and CIO Insight. Ziff Davis reported $5.7 million in EBITDA for Q2 2006, on revenue of $45.2 million. Willis Stein acquired the company in […]
OrbComm Inc., a Ft. Lee, N.J.-based operator of commercial wireless messaging systems for narrowband communications, set its proposed IPO terms to around 11.15 million common shares being offered at between $12 and $14 per share. It plans to trade on the Nasdaq under ticker symbol ORBC, with UBS and Morgan Stanley serving as co-lead underwriters. […]
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