Month: March 2015

Actavis Announces Proposed Public Offering of Senior Notes in Connection with Pending Acquisition of Allergan PR Newswire DUBLIN, March 2, 2015 DUBLIN , March 2, 2015 /PRNewswire/ — Actavis plc (NYSE: ACT) today announced that it is commencing an offering of senior unsecured notes in multiple tranches in a registered public offering to be issued by its indirect subsidiary, Actavis Funding SCS, and guaranteed by certain of its other subsidiaries, subject to market and other conditions (the “Notes”). Logo – http://photos.prnewswire.com/prnh/20130124/NY47381LOGO Actavis plc intends to use the net proceeds from the offering of the Notes, together with the proceeds from its offerings of its Ordinary Shares and 5.500% Mandatory Convertible Preferred Shares, Series A (together with the offering of Ordinary Shares, the “Equity Offerings”), and additional debt financing, including borrowings under unsecured term loan facilities and an unsecured cash bridge loan facility, to finance the cash portion of the merger consideration for its previously announced acquisition (the “Allergan Acquisition”) of Allergan, Inc. (“Allergan”) and to pay related fees and expenses. […]

Endo Announces Divestiture of American Medical Systems’ Men’s and Prostate Health Businesses to Boston Scientific PR Newswire DUBLIN, March 2, 2015 DUBLIN , March 2, 2015 /PRNewswire/ — Boston Scientific to acquire leading male urology medical device businesses for a total consideration of up to $1.65 billion , with $1.6 billion in upfront cash Endo also evaluating strategic alternatives for AMS’ Women’s Health business Divestiture furthers Endo’s strategic transition into a global specialty pharmaceuticals business Endo International plc (NASDAQ: ENDP) (TSX: ENL) today announced it has entered into a definitive agreement with Boston Scientific (NYSE: BSX), under which Boston Scientific will acquire Endo’s American Medical Systems’ (AMS) Men’s and Prostate Health businesses for up to $1.65 billion , with $1.6 billion in cash payable at closing. Endo is also eligible to receive a potential milestone payment of $50 million in cash conditioned on Boston Scientific achieving certain product revenue milestones in the Men’s Health and Prostate Health businesses in 2016. In addition, Endo is currently evaluating strategic alternatives for the AMS Women’s Health business. […]

Blue Ridge Labs Moves to Robin Hood Blue Ridge Labs @ Robin Hood will incubate innovative ways to help New Yorkers in need: Announces call for 2015 Fellowship applicants PR Newswire NEW YORK, March 2, 2015 NEW YORK , March 2, 2015 /PRNewswire/ — Blue Ridge Labs, a division of the Blue Ridge Foundation New York, has become part of Robin Hood , New York City’s largest poverty-fighting organization. Over the past 15 years, the Blue Ridge Foundation has funded and incubated technology-based ventures that advance opportunity and upward mobility in America. Blue Ridge Labs @ Robin Hood will continue this mission, with a special focus on developing programs to help New Yorkers gain the digital tools they need to build better lives for themselves and their families, and break the cycle of poverty […]

Akamai Acquires Xerocole PR Newswire CAMBRIDGE, Mass., March 2, 2015 CAMBRIDGE, Mass. , March 2, 2015 /PRNewswire/ — Akamai Technologies, Inc. […]

Hornbeck Offshore Completes Sale Of Three Vessels To U.S. Navy, Sale Of Fourth Vessel Expected By Third Quarter Of 2015 Updates Fiscal 2015 Guidance to Reflect Vessel Sales and Operating Arrangement PR Newswire COVINGTON, La., March 2, 2015 COVINGTON, La. […]

CUI Global Announces Acquisition of Tectrol Inc. Company Acquires the Assets of Canada-based Equipment Manufacturer PR Newswire TUALATIN, Ore., March 2, 2015 TUALATIN, Ore. , March 2, 2015 /PRNewswire/ — CUI Global, Inc […]

Anite Expands Its Device Testing Portfolio by Acquiring Setcom Wireless Products PR Newswire FLEET, England, March 2, 2015 FLEET, England , March 2, 2015 /PRNewswire/ — Expanded offering includes Wi-Fi offload, VoLTE and other IMS based services and applications Anite, a leading supplier of test and measurement solutions to the international wireless market, announced today that it will be expanding its device application testing capability by entering into an agreement to acquire the trade and assets of Setcom Wireless Products GmbH (“Setcom”), a supplier of wireless device application test solutions, based in Munich, Germany . The transaction is expected to complete by 1 April 2015 and will be integrated into Anite’s Device & Infrastructure Testing business unit . Setcom’s flagship solution S-CORE will further expand Anite’s device application testing portfolio into Wi-Fi offload, IMS and RCS based services […]

Aleris Completes The Sale Of Its Extrusions Business PR Newswire CLEVELAND, March 2, 2015 CLEVELAND , March 2, 2015 /PRNewswire/ — Aleris announced today that it has completed the sale of its aluminum extrusions business to Japanese building products and extrusions manufacturer Sankyo Tateyama, Inc. The sale, which was announced in December, includes four production facilities in Europe and one in China. Sankyo Tateyama paid a purchase price of €35.5 million for the business (less €6.4 million in net debt) and assumed approximately €60.9 million of pension liabilities. […]

Bravofly Rumbo Group closes acquisition of lastminute.com from Sabre Corporation PR Newswire SOUTHLAKE, Texas and AMSTERDAM, March 2, 2015 SOUTHLAKE, Texas and AMSTERDAM , March 2, 2015 /PRNewswire/ — Sabre Corporation (NASDAQ:SABR) and Bravofly Rumbo Group (SIX: BRG) announced today that Bravofly Rumbo Group has completed the acquisition of lastminute.com, following its binding offer for the business in December 2014 and fulfillment of the employee information and consultation process. With this transaction Bravofly Rumbo Group acquires all of lastminute.com’s global operations located in the UK, France , Germany , Spain and Italy , establishing a leading position in all major European countries. […]

SAIC Enters Into Definitive Agreement To Acquire Scitor Corporation -Scitor, with annual revenues of approximately $600 million, is a premier intelligence community provider engaged on critical missions in support of national security -$790 million all cash transaction, subject to customary pre- and post-closing adjustments, implies a trailing 12 months adjusted EBITDA multiple of 10.6x (net of tax benefits of $132 million) -Earnings per share (EPS) accretive in first year before amortization of intangibles and transaction costs; generally neutral on GAAP EPS basis before transaction costs in year one; significantly enhanced free cash flow accretion/generation – Approximately 1,500 highly skilled employees with majority holding advanced level security clearances -Acquisition expected to close in May 2015 PR Newswire MCLEAN, Va., March 1, 2015 MCLEAN, Va. , March 1, 2015 /PRNewswire/ — Science Applications International Corp. (NYSE: SAIC) today announced that it has entered into a definitive agreement to acquire intelligence community market leader Scitor Corp. […]

Azure Midstream Energy, LLC Announces Completion of General Partnership Acquisition of Marlin Midstream GP, LLC and Contribution of Azure’s Legacy Gathering System to Marlin Midstream Partners, LP PR Newswire DALLAS, March 1, 2015 DALLAS , March 1, 2015 /PRNewswire/ — Azure Midstream Energy, LLC (“Azure”) announced the successful completion of its acquisition of (i) 100% of Marlin Midstream GP, LLC, Marlin Midstream Partners, LP’s (Nasdaq: FISH, “Marlin”, or the “Partnership”) general partner, (ii) 90% of Marlin Midstream GP, LLC’s incentive distribution rights in Marlin, and (iii) an option to acquire 20% of NuDevco Midstream Development, LLC’s 10.7 million limited partnership units in Marlin. In a separate transaction, Azure contributed its Legacy gathering system to Marlin for $162.5 million in cash. At closing, $95 million of proceeds from the Legacy contribution was used to reduce indebtedness on Azure’s term loan […]