Yesterday at 8:45 a.m.
Filed under:
Health care,
M&A,
Private equity
By Bruce Japsen
Chicago private equity firm Water Street Healthcare Partners said Friday that it has purchased a Massachusetts maker of infusion therapy products and supplies.
Water Street, which did not disclose a purchase price, said it will commit “up to $75 million of equity to invest in and grow” Stoughton, Mass.-based Medical Specialties Distributors.
The deal brings Water Street’s portfolio of health care companies to 12, the company said.
Water Street said Medical Specialties has more than 4,000 customers, including specialty pharmacies owned by Walgreens, Accredo Health Group and Coram Specialty Infusion Services. The business of specialty pharmacy such as home infusion is fast-growing given the need for more aging baby boomers to get care in their homes.
Yesterday at 8:08 a.m.
Filed under:
Insurance,
International,
M&A
By Sandra M. Jones
Arthur J. Gallagher & Co., the Itasca-based insurance brokerage, said it acquired the 60 percent equity interest in Australia’s Specialised Broking Associates Pty Ltd. it didn’t already own.
Terms weren’t disclosed. Get the full story »
Yesterday at 6:59 a.m.
Filed under:
Autos,
M&A
From Auto Remarketing | Avis Budget has put Dollar Thrifty into play with a $1.3 billion offer for the rival car rental operation. This tops a $1.2 billion offer from Hertz.
Yesterday at 6:23 a.m.
Filed under:
Entertainment,
M&A
By Reuters
Walt Disney Co. has sold film studio Miramax for more than $660 million to Filmyard Holdings LLC, ending months of talks between the media group and various bidders.
Construction magnate Ron Tutor, investment firm Colony Capital LLC and other individuals are part of Filmyard Holdings, Disney said. Get the full story »
Thursday at 2:26 p.m.
Filed under:
Banking,
Investing,
M&A
By Becky Yerak
Chicago-based Nuveen Investments Inc., which serves institutions and wealthy investors, said U.S. Bancorp will receive a 9.5 percent stake in the company and an $80 million cash payment in exchange for the long-term asset business of U.S. Bancorp’s FAF Advisors.
FAF, which manages $25 billion of long-term assets and is adviser of the First American Funds, will be combined with Nuveen Asset Management, which manages $75 billion in municipal fixed income assets and is adviser of the Nuveen funds. Get the full story »
Thursday at 10:38 a.m.
Filed under:
Autos,
China,
M&A
By Reuters
China’s regulator has approved Geely’s acquisition of Ford’s Volvo unit, clearing one of the last remaining hurdles to the high-profile deal, a source with knowledge of the matter said Thursday.
The deal could be completed as early as next week, said the source, who spoke on the condition of anonymity as the discussions remain private. Get the full story »
Thursday at 8:42 a.m.
Filed under:
Exchanges,
Executives,
M&A
By Reuters
CME Group. CEO Craig Donohue appeared to rule out growth by acquisition on Thursday, and said excess cash would be returned to shareholders as soon as next year. Get the full story »
By Reuters
Comcast Corp., the No. 1 U.S. cable operator, reported a nearly 9 percent decline in quarterly profit as it absorbed expenses related to its highly anticipated acquisition of NBC Universal.
While costs associated with the deal, including professional fees, undercut the cable company’s overall profit, its revenue rose a higher-than-expected 6 percent as it continued to add Internet and telephone customers. Get the full story »
Tuesday at 2:09 p.m.
Filed under:
Bank failures,
Banking,
Investing,
M&A
By Becky Yerak
FirstMerit Bank, which over the past year has entered the Chicago market through three acquisitions, said it is continuing to keep its eyes open for deals, but that its main focus right now is integrating its operations. Get the full story »
Tuesday at 9:03 a.m.
Filed under:
Airlines,
International,
M&A
By Julie Johnsson
The proposed merger of United Airlines and Continental Airlines cleared its first regulatory hurdle on Tuesday, as the European Union said it would approve the deal. But the merger, which would create the largest airline in the world, must still pass muster with U.S. antitrust officials. The mega-deal is expected to face far more rigorous scrutiny from the U.S. Department of Justice, which isn’t expected to wrap up its probe until later this year.
European officials, in a review of the transaction that began on June 21, quickly determined that it wouldn’t adversely affect competition, given the relatively light overlap between United and Continental on trans-Atlantic routes.
However, the EU continues to separately investigate a proposed joint venture that would allow United, Continental, Air Canada and Germany’s Lufthansa AG to closely coordinate north Atlantic flights, as well as share revenues.
July 23 at 5:45 p.m.
Filed under:
Insurance,
M&A
From Bloomberg | Lincolnshire-based Hewitt Associates Inc. was sued in an Illinois state court by investors who claimed that the $4.9 billion acquisition of the company by Aon Corp. is “inadequate.”
July 20 at 2:11 p.m.
Filed under:
Food,
M&A
By Emily Bryson York
Sara Lee is shopping its iconic bread business, according to executives familiar with the matter. The company may have even relied on company employees to begin the search for possible buyers, sidestepping tried-and-true investment banks, which often results in media attention. Get the full story »
July 20 at 12:56 p.m.
Filed under:
Airlines,
Labor,
M&A,
Unions,
Updated
By Julie Johnsson
United Airlines and Continental Airlines said Tuesday they hammered out transition agreements with their pilots’ unions, a critical step towards reaching a broader labor accord with pilots.
Talks between the merging airlines and pilots were halted late last month due to a dispute between Chicago-based United and its pilots over lay-off protections, sources told the Tribune.
At the time, the four sides were close to hammering out “Transition and Process” agreements that provide a framework for operations until the merging carriers gain a single FAA operating certificate, a process targeted to be completed during 2012. Get the full story »
July 20 at 8:20 a.m.
Filed under:
M&A
Downers Grove engineering firm ATC Technology Corp. is to be acquired by Genco Supply Chain Solutions in Blawnox, Penn., in a $512 million cash deal, Genco said. The boards of directors of both companies approved the acquisition, but shareholders’ approval still is needed. The deal calls for ATC shareholders to get $25 per share, a 43 percent premium over the company’s closing price on Friday.
July 19 at 11:55 a.m.
Filed under:
Cell phones,
M&A,
Updated,
Wireless
By Wailin Wong
Motorola Inc. is selling its wireless networks unit to Nokia Siemens Networks for $1.2 billion, a move that will accelerate the Schaumburg-based company’s planned break-up into separate businesses.
The deal, expected to close at the end of 2010, will boost Nokia Siemen’s standing in key markets such as the U.S. and Japan, while allowing Motorola to devote more attention to the enterprise mobility unit that makes communications equipment for public safety agencies and industrial companies. Get the full story »
