Among the middle-market acquisitions, the tech sector led the way with two
deals:
For analytical software supplier Omniture, the deal adds a company that would
strengthen its online advertising capability, giving it the ability to allow
its customers to customize ad campaigns. Earlier this month, Omniture opened
its wallet for Offermatica Corp. for $65 million in a bid to expand its
marketing capabilities.
Meanwhile, with its buy of Navini, Cisco jumped on the bandwagon of WiMax, a
wireless broadband technology that can travel over greater distances than the
more common Wi-Fi wireless standard. Cisco said it plans to integrate Navini
into its wireless networking business unit.
Overall tech M&A deals have been on the upswing. In September, the total
number of tech deals was 124, compared to 103 in August and 96 in July,
according to Electronic Design Strategy News. — Gerald Magpily
Top 10
Announced Deals with U.S.
Targets*
Oct. 22 - 26, 2007
|
|
Date deal
announced
The Deal's coverage
|
Acquirer
Adviser
|
Target
Adviser
|
Deal value
($mill.)
|
Type of deal
|
Oct. 26
Macquarie
buys Puget
|
Canada
Pension Plan Investment Board,
British Columbia Investment
Management Corp.,
Alberta Investment
Management,
Macquarie-FSS
Infrastructure Trust,
Macquarie Bank Ltd.
|
Puget
Energy Inc.
|
$6,494
|
Tender offer
|
|
Oct. 26
|
Existing Shareholders
|
Total
System Services Inc.
(80.8%)
|
4,700
|
Spinoff
|
Oct. 22
H&F
leads LBO of Goodman
|
Hellman
& Friedman LLC
|
Goodman
Global Inc.
|
2,587
|
Leveraged buyout, Tender offer, Secondary
buyout, Going private
|
Oct. 25
Fidelity
to spin off unit
|
Existing Shareholders
|
Fidelity
National Information Services Inc.
(Lender Processing Services)
|
1,600
|
Divestment, Spinoff
|
Oct. 22
Bear,
Citic strike partnership
|
Citic
Securities Co. Ltd.
|
Bear
Stearns Cos.
(6.6%)
|
1,000
|
Divestment
|
|
Oct. 23
|
XTO
Energy Inc.
|
Oil & Gas Assets
(24,000 net acres in the
Barnett
Shale)
|
550
|
Privately negotiated
|
Oct. 25
Omniture
to pay $394M for Visual
|
Omniture
Inc.
|
Visual
Sciences Inc.
|
377
|
Tender offer, Stock swap
|
Oct. 23
Cisco
purchase boosts WiMax
|
Cisco
Systems Inc.
|
Navini
Networks Inc.
|
330
|
Privately negotiated
|
Oct. 23
MediaNews
sells stake to Hearst
|
Hearst
Corp.
|
MediaNews
Group Inc.
(MediaNews Properties, San Francisco Bay Area)
|
317
|
Divestment
|
Oct. 24
Inverness
to buy Alere
|
Inverness
Medical Innovations Inc.
|
Alere
Medical Inc.
|
302
|
Privately negotiated, Stock swap
|
* Excludes buybacks
and withdrawn deals
Source:
Dealogic
|
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