Tuesday, May 1, 2007
Another slow deal day.
International Securities Exchange Holdings announced yesterday that it had signed an agreement for Eurex (controlled by Deutchse Borse and SWX Swiss Exchange) to acquire ISE for approximately $2.8 billion in cash, or $67.50 per share.
RBC Capital Markets yesterday announced it had signed an agreement to acquire Seasongood & Mayer, LLC, the an Ohio-based public finance firm and underwriter of municipal debt.
Symbion Health, the Australian health care company, announced that it had received an AU$2.8 billion takeover offer from a consortium including Healthscope and two private equity firms (Ironbridge Capital and Archer Capital).
Comcast announced yesterday that it will purchase a stake in two regional cable sports networks. In a cash transaction with Rainbow Media Holdings, Comcast will pay $570 million to purchase a 60 percent interest in FSN Bay Area and a 50 percent interest in FSN New England.
Texas Pacific Group, David Bonderman's and Jim Coulter's, buy-out/turn-around fund is in talks to sell a stake under 20% to its large pension investors, according to the Wall Street Journal.
Lazard announced that Donald Drapkin, 80s takeover veteran and Ronald Perleman's right-hand man seemingly forever, is leaving his post as vice chairman of Perleman's MacAndrews & Forbes Holdings Inc., to join Lazard Ltd., the investment bank headed by that other 80s stalwart, Bruce Wasserstein.