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Lexmark International Inc. is poised to lure potential buyers with the least expensive technology valuation in America as the printer company’s closure of its inkjet operations spurs takeover speculation. While Lexmark’s decision to close the inkjet business and cut 13 percent of its workforce prompted a 14 percent rally on Aug. 28, the company’s enterprise value is [...]
Brocade Communications Systems Inc., which has been trying to sell itself for more than two years, is a step closer to unlocking a 32 percent gain for shareholders now that its chief executive officer is on his way out. The maker of computer switches for data-storage networks said last week that Michael Klayko will step [...]
Aetna Inc.’s agreement to buy Coventry Health Care Inc. for $7.3 billion likely means it won’t make other large deals while it focuses on integrating Coventry. Aetna’s Chief Financial Officer Joseph Zubretsky said on a conference call that Aetna’s “highest priority” would be to close the Coventry deal and integrate it, rather than making more large acquisitions. “We’re [...]
NextWave Wireless Inc., the once-bankrupt company that holds wireless spectrum licenses, was in talks with AT&T Inc. on an asset sale before the two sides reached a takeover agreement earlier this month, according to an Aug. 17 preliminary proxy filing. AT&T, the largest U.S. telephone company, agreed to buy NextWave in a deal worth as [...]
Peet’s Coffee & Tea Inc., the California-based retailer that agreed to be acquired by Joh. A. Benckiser for about $1 billion last month, didn’t collect any other bids and decided to sell itself less than two months after it was first contacted by the buyer, according to an Aug. 9 preliminary proxy statement. The coffee [...]
Four of the five Citigroup bankers advising Robbins & Myers Inc. on its $2.54 billion sale to National Oilwell Varco Inc. joined Citigroup from UBS AG in the past two years. The team included energy dealmaker Steve Trauber, who moved to Citigroup in 2010, and Cary Kochman, the former global head of mergers and acquisitions [...]
National Oilwell Varco Inc. agreed to make its biggest acquisition in four years yesterday and the Houston-based company is still in the hunt for more deals, its chief financial officer said yesterday. “We want to continue to work on opportunities,” Clay Williams said in an interview, declining to specify size of deals still being considered. [...]
No gold miner in the world is offering acquirers faster growth at a cheaper price than Australia’s Regis Resources Ltd. With open-pit mines near the earth’s surface, the Perth-based producer has an operating margin of 45 percent, the second best among Asian competitors with market values higher than $1 billion, according to data compiled by [...]
Knight Capital Group Inc. turned to Jimmy Dunne and a team from Sandler O’Neill & Partners LP as it sought an investment or takeover to survive, after a software malfunction led to a $440 million trading loss for the market maker last week. The trading fault, which caused stocks to swing as much as 151 [...]
Amerigroup Corp., the government health-plan manager that agreed to be acquired by WellPoint Inc. for $4.9 billion last month, was able to secure a higher price after the U.S. Supreme Court upheld President Barack Obama’s health-care reform law in June. Both companies hoped to conclude an agreement without waiting for the Supreme Court ruling, according [...]
