Mergers >>>

    Deal Roster

    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 [...]


    Robbins & Myers Takeover Gives a Lift to Others

    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. [...]


    Regis Resources Offers Cheapest Profit Growth

    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 [...]


    Deal Roster

    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 Did Not Conduct Competitive Sale

    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 [...]


    KBW Matches Sandler on Deal Value

    KBW Inc. matched a rival on the total value of deals it closed in the first half of 2012 and reported a 66.2 percent increase in investment banking revenue yesterday compared with the same quarter a year ago. The boutique, which focuses on financial firms, said its investment banking segment revenue was $25.3 million in [...]


    Tyco Fire-Safety Unit Plans Acquisitions After Split

    Tyco International Ltd.’s security and fire-systems unit will look to make acquisitions when the business is spun off, said George Oliver, the president of the division. Tyco, the Swiss conglomerate that plans to split into three publicly traded companies by the end of September, reported third-quarter earnings per share from continuing operations of $1.01, beating [...]


    Apple’s AuthenTec Deal May Dissuade Rival Bids

    Shares of AuthenTec Inc., traded past the $8 that Apple Inc. agreed to pay for the maker of fingerprint-scanning technology on July 27. Apple’s offer represented a 71 percent premium to the Florida company’s 20-day average price. Traders speculated it may not be enough as AuthenTec rose 66 percent, closing at $8.42 last week in [...]


    China, U.S. M&A Reviews Diverge Year After Accord

     The outcomes of regulatory reviews of three large deals show the differing approach that Chinese regulators continue to take from their U.S. counterparts one year after antitrust regulators from the two countries signed an agreement promoting greater cooperation on merger review. In two cases, Chinese officials imposed conditions where U.S. regulators imposed none, while in [...]


    Nexen Gives Top Return on Bet Canada Clears Bid

    Nexen Inc., the target of the largest overseas bid from a Chinese company, is offering traders the chance to make the most money on any North American deal by betting the $15.1 billion takeover will get Canadian approval. Cnooc Ltd., China’s biggest offshore oil and gas explorer, agreed to pay $27.50 a share for Calgary-based [...]


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