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Aurora Capital Group-NuCO2 Inc.
Stuart, Fla.-based NuCO2, which provides bulk carbon dioxide for fountain beverages, kicks off the deal news Wednesday by agreeing to be bought by an affiliate of private equity firm Aurora Capital Group for $487 million.
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Los Angeles-based Aurora will pay $30 a share in cash, which represents a premium of about 25% to NuCO2's closing price of $24.08 Tuesday.
UDR Inc.-DRA Advisors LLC
Meanwhile, real estate investment trust UDR agreed to sell more than 25,000 apartments to DRA Advisors and Steven D. Bell & Co. for $1.5 billion in cash and a note worth $200 million. The note carries a 7.5% yield.
Mitsubishi Materials Corp.
And finally, in spite of the weakness in the U.S. housing market, Mitsubishi Materials Corp. of Japan is steaming full speed ahead into the U.S. building materials industry by spending $900 million to take control of Robertson's Ready Mix Ltd. The Japanese company will raise its stake to 70% from 33% and the founding family of Robertson's will retain a 30% holding. - Peter Moreira
See TheDeal.com story on Mitsubishi Materials
