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Partnerships, Mergers & Acquisitions: Pre-Week Review

November 30, 2009 (FinancialWire) – Partnerships, Mergers & Acquisitions news last week included (NASDAQ: AMFI), (NASDAQ: NEWT), (NASDAQ: TCAP) and others:

China In-Focus: Lenovo To Buy Mobile Handset Business: November 30, 2009 (FinancialWire) — Lenovo Group (OTC: LNVG) said it is acquiring the entire interest of Lenovo Mobile Communication Technology Ltd. from a group of investors led by Hony Capital, the private equity arm of Legend Holdings.
The acquisition will cost approximately $200 million in cash and Lenovo shares.
According to Lenovo, the deal signals that… (continued at

Urex Energy Nixes Sale Of Argentine Subsidiary: November 30, 2009 (FinancialWire) — Urex Energy Corp. (OTCBB: URXE) said it has terminated a Share Purchase Agreement for the sale of its Argentine subsidiary, United Energy Metals SA to SGI Partners, LLC of Carlsbad, California.
Reno-based Urex Energy is focused on actively exploring and developing uranium properties in New Mexico. Urex also owns a 100%… (continued at

CanAlaska To Buy Uranium Project: November 30, 2009 (FinancialWire) — CanAlaska Uranium Ltd. (TSXVenture: CVV) (OTCBB: CVVUF) plans to acquire the Cluff Lake project data and mineral claims located in the Western Athabasca Basin, from Hawk Uranium Inc. (TSXVenture: HUI).
CanAlaska will purchase 100% of the project from Hawk for 1.25 million company shares and a cash payment of Cdn$62,500, subject… (continued at

City Telecom Sub Enters Ultra High Speed IP Solutions Partnership: November 30, 2009 (FinancialWire) — Hong Kong Broadband Network Ltd (HKBN), a wholly owned subsidiary of City Telecom  Ltd., (HKSE: 1137) (NASDAQ: CTEL), announced a partnership with Ingram Micro (China) Ltd (Ingram Micro), a wholly owned subsidiary of Ingram Micro Inc (NYSE: IM) for the provision of Corporate “FibreRun,” featuring 25Mbps symmetric fibre based broadband… (continued at

InteleCom Terminates WorldTel Xchange Alliance: November 30, 2009 (FinancialWire) — InteleCom, Inc. (OTC: IECM), a provider of international VoIP communications who has sold telephones and VoIP service to over 122 countries, has terminated its alliance with WorldTel Xchange, Inc.
InteleCom said WorldTel Xchange “could not and did not provide the equipment nor the services required to fulfill the projected plan.” InteleCom… (continued at

Gilat Chosen By Telefonica Del Peru For Broadband Satellite Communications Project: November 27, 2009 (FinancialWire) — Gilat Satellite Networks Ltd. (NASDAQ: GILT) announced it is providing a Gilat SkyEdge II broadband satellite communications network covering more than 3,500 rural sites nationwide to Telefonica del Peru.
Telefonica del Peru is a subsidiary of Telefonica Latinoamerica, one of Latin America’s largest telecommunications operators serving tens of millions of customers… (continued at

VCG Holding Retains North Point Advisors, Davis Graham & Stubbs: November 27, 2009 (FinancialWire) — VCG Holding Corp. (NASDAQ: VCGH), a growing and leading consolidator and operator of adult nightclubs, announced that the Special Committee has retained the Denver law firm, Davis Graham & Stubbs LLP to serve as their legal counsel.
Subsequent to the hiring of legal counsel, the Special Committee also retained the San… (continued at

Mall Networks Partners With SoundBite Communications On November 27, 2009 (FinancialWire) — Mall Networks, the provider of loyalty shopping solutions, announced a partnership whereby SoundBite Communications, Inc. (NASDAQ: SDBT) will power the mobile marketing offers for is a holiday shopping deal site powered by Mall Networks for, where millions of shoppers go to find the best deals every holiday season…. (continued at

Baron Energy Enters Non-Binding Oil & Gas Asset Acquisition Agreement: November 27, 2009 (FinancialWire) — Baron Energy, Inc. (OTCBB: BROE) (Baron), an independent oil and gas company, announced the execution of a memorandum of understanding with an established oil and gas operator with producing assets located in Texas.
The non-binding memorandum of understanding (MOU) is intended to set out the general conditions for an acquisition of… (continued at

Flex Fuels Energy Increases Equity In WDX Subsidiary: November 27, 2009 (FinancialWire) — Flex Fuels Energy, Inc. (Flex” or the “Group) (OTCBB: FXFL) announces that it has increased its equity in its majority owned subsidiary, The WDX Organisation, Ltd. (WDX) from 68.33% to 75.66%.
The increase in equity has come about as a result of a further phase of planned investment of GBP 150,000… (continued at

Li3 Energy Signs LOI To Buy Next Lithium: November 27, 2009 (FinancialWire) — Li3 Energy, Inc. (OTCBB: LIEG ) said it has signed a letter of intent to acquire Next Lithium Corp. Next Lithium has options to acquire 100% interests in the BSV Placer, CSV Placer, LM Placer and MW Placer Mineral Claims, comprising approximately 75,000 acres in total of lithium brine mineral… (continued at

Diedrich Extends Peet’s Coffee Deadline To Counter Green Mountain Offer: November 27, 2009 (FinancialWire) — Diedrich Coffee, Inc. (NASDAQ: DDRX) said it will extend the period that Peet’s Coffee & Tea, Inc. (NASDAQ: PEET) has to negotiate a proposal with Diedrich Coffee to amend its current merger agreement in light of a superior offer from Green Mountain Coffee Roasters that was submitted November 25.
In a… (continued at

China In-Focus: SkyPeople Fruit Juice Buys Yingkou Trusty Fruits: November 27, 2009 (FinancialWire) — SkyPeople Fruit Juice, Inc. (AMEX: SPU), a processor and manufacturer of concentrated fruit juices in China, said it has acquired 100% ownership of Yingkou Trusty Fruits Co., Ltd. for an aggregate purchase price of approximately $3.3 million.
The company said the acquisition will expand SkyPeople’s annual concentrated apple juice production capacity… (continued at

Heska Inks Supply Deal With Roche: November 27, 2009 (FinancialWire) — Heska Corp. (NASDAQ: HSKA), a provider of diagnostic and specialty products to the veterinary industry, has inked agreements with Roche Diagnostics Corp. for the supply of blood gas products and affiliated consumables for the veterinary market.
Heska sells advanced veterinary diagnostic and other specialty veterinary products. Heska’s offerings include diagnostic instruments… (continued at

DCP Midstream Buys Michigan Gas Assets: November 25, 2009 (FinancialWire) — DCP Midstream Partners, LP (NYSE: DPM) has closed its acquisition of certain natural gas gathering and treating assets for $45.1 million in cash from MichCon Pipeline Co., a subsidiary of DTE Energy (NYSE: DTE).
The assets are located in northern Michigan adjacent to the Partnership’s existing assets. These assets provide essential… (continued at

Canadian Unit Of Dow Chemical To Buy Hyland Seeds: November 25, 2009 (FinancialWire) — Dow AgroSciences Canada said it is acquiring the assets of Hyland Seeds, a division of Thompsons Ltd. of Blenheim, Ontario, Canada. Dow AgroSciences is a wholly owned subsidiary of The Dow Chemical Co. (NYSE: DOW).
Under the terms of the agreement, Dow AgroSciences will acquire the Hyland brand and the sales,… (continued at

Ciber Wins Outsourcing Contract With Wallenius Wilhelmsen Logistics: November 25, 2009 (FinancialWire) — Ciber, Inc. (NYSE: CBR ) said it has been awarded a five-year contract with Wallenius Wilhelmsen Logistics, a firm engaged in ocean transportation and outbound logistics. As part of the agreement, Ciber will provide global outsourcing services focused on the operation and maintenance of WWL’s international data centers and distributed… (continued at

Playboy Enterprises Inks Outsourcing Deal With American Media: November 25, 2009 (FinancialWire) — Playboy Enterprises, Inc. (NYSE: PLA) said it has reached an agreement with American Media, Inc. for the outsourcing of all Playboy magazine functions excluding the editorial product.
AMI, which is the nation’s fourth-largest consumer magazine publisher, will assume responsibility for the production, circulation, advertising sales, marketing and other support services of… (continued at

RehabCare Buys Triumph HealthCare: November 25, 2009 (FinancialWire) — RehabCare Group, Inc. (NYSE: RHB) said it has completed its merger with Triumph HealthCare Holdings, Inc., a developer and operator of long-term acute care hospitals in the U.S.
The transaction is RehabCare’s largest investment to date toward the development of its hospital operations and its strategic plans of creating post-acute continuums… (continued at

Ultra Clean Technology Acquires Facility in Singapore: November 25, 2009 (FinancialWire) — Ultra Clean Holdings, Inc. (NASDAQ: UCTT), a developer and supplier of subsystems for the semiconductor capital equipment, medical device, research, flat panel and solar industries, has launched a new manufacturing operation in Singapore.
The company took over a 35,000 square foot facility from Allegro Manufacturing in early November 2009. In addition… (continued at

Toshiba Adopts Magma’s Quartz DRC And Quartz LVS: November 24, 2009 (FinancialWire) — Magma(R) Design Automation Inc. (NASDAQ: LAVA), a provider of chip design software, announced that Quartz DRC and Quartz LVS will be deployed by Toshiba Corp. for flash memory designs.
Toshiba standardized on Magma’s physical verification products after validating their accuracy on 32-nanometer  designs. Quartz DRC’s and Quartz LVS’s advanced features were… (continued at

Newpoint Technologies And SAT Partner With Clearbox Systems: November 24, 2009 (FinancialWire) — Integral Systems, Inc., (NASDAQ: ISYS) subsidiaries, Newpoint Technologies and SAT Corp., with support from Clearbox Systems, will provide integrated ground station network support to BAE Systems’ Australia JP2008 Phase 3F Program. The combined contracts are valued at approximately $3M for Integral Systems.
The JP2008 Phase 3F Program supports the Australian Defence… (continued at

Rovi’s TV Guide Widget Goes Live On Samsung HDTVs’ Yahoo! TV Widget Platform: November 24, 2009 (FinancialWire) — The Rovi Corp. (NASDAQ: ROVI) TV Guide widget, an application to help viewers find out information on TV shows and programs that are airing, has launched on Samsung HDTV’s Yahoo! TV Widget Engine platform.
Rovi’s TV Guide widget provides viewers a snapshot of “what’s on” twenty-eight of the most popular television… (continued at

Brightpoint And Time Warner Cable Sign Supply Chain Solution Agreement: November 24, 2009 (FinancialWire) — Brightpoint, Inc. (NASDAQ: CELL) said its subsidiary, Brightpoint North America L.P. (Brightpoint), has entered into an agreement with Time Warner Cable Inc. to provide a suite of integrated supply chain solutions that include transportation management, inventory management, device customization, fulfillment, and reverse logistics.
Pursuant to this agreement, Brightpoint will provide Time… (continued at

American Electric Technologies Appoints Gulf Coast Industrial Services Management To Accelerate Business Growth: November 24, 2009 (FinancialWire) — American Electric Technologies, Inc. (NASDAQ: AETI) the premium global provider of custom-designed power infrastructure solutions for the traditional and renewable energy industries, announced the appointment of two new executives focused on increasing the company’s prevalence in the Gulf Coast industrial services markets.
Marcelo Garcia joins AETI as manager of the High… (continued at

EGPI Firecreek Announces Acquisition Targets Financial Update: November 24, 2009 (FinancialWire) — EGPI Firecreek, Inc. (OTCBB: EFIR) released the projected annual revenue and backlog for its existing subsidiary South Atlantic Traffic Company (SATCO) and its two target acquisitions currently under Letters of Intent (LOI). These numbers reflect the companies’ strength and market positions in the D.O.T. lighting, intelligent traffic system and construction… (continued at

Akeena Solar Partners With Highland Solar To Distribute 1.75 MW Of Andalay AC Solar Panels In Canada: November 24, 2009 (FinancialWire) — Akeena Solar Inc (NASDAQ: AKNS), a national designer, installer and distributor of solar power systems, announced a distribution partnership with Ontario-based Highland Solar to sell the company’s award-winning Andalay AC solar panel system throughout Canada.
According to terms of the agreement, Highland Solar will sell at least 1.75 megawatts of Andalay… (continued at

MGP Ingredients Enters Joint Venture With SEACOR Energy Affiliate: November 24, 2009 (FinancialWire) — MGP Ingredients, Inc. (NASDAQ: MGPI) has entered into a joint venture agreement with SEACOR Energy, Inc.’s affiliate, Illinois Corn Processing Holdings, Inc., to reactivate distillery operations at MGPI’s facility in Pekin, Illinois. The facility will be owned and operated by a separate entity called Illinois Corn Processing, LLC and initially… (continued at

Centriforce Technology And American International Industries Discussing Desalination System Joint Venture: November 24, 2009 (FinancialWire) — Centriforce Technology Corp. (OTC: CNFO) and American International Industries, Inc. (NASDAQ: AMIN) are following through on the LOI signed on Nov. 2, 2009, and are discussing the development of a joint venture  through a new entity to operate in the water desalination industry.
The purpose of the joint venture  would be… (continued at

MasTec Buys Precision Pipeline: November 24, 2009 (FinancialWire) — Utility and communications infrastructure contractor MasTec, Inc. (NYSE: MTZ) said it has completed the acquisition of Precision Pipeline, LLC, and its related affiliate. The transaction included a payment of $132 million in cash, the assumption of $34 million of Precision’s debt and an earnout.
The company said the acquisition extends its… (continued at

Visualant To Buy TransTech Systems: November 24, 2009 (FinancialWire) — Visualant, Inc. (OTCBB: VSUL) has signed a revised letter of intent to acquire TransTech Systems, Inc., of Wilsonville, Oregon, in exchange for stock.
TransTech Systems is a provider of security and authentication products and services to government and private sector customers. They also have a nationwide dealer channel.
The LOI provides for… (continued at

Green Mountain Makes $30 Per Share Cash Offer For Diedrich Coffee: November 24, 2009 (FinancialWire) — Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) has confirmed that it has submitted a proposal to acquire Diedrich Coffee, Inc. (NASDAQ: DDRX) for $30.00 per share in cash in a transaction with a total enterprise value of approximately $247 million.
Separately, Diedrich said its board had determined that the GMCR offer… (continued at

Arthur J. Gallagher Buys Shuford Insurance: November 24, 2009 (FinancialWire) — –Arthur J. Gallagher & Co. (NYSE: AJG) has acquired Shuford Insurance Agency, Inc. Terms of the transaction were not disclosed.
Concord, North Carolina-based Shuford Insurance is an independent insurance agency offering personal and commercial property/casualty insurance products and services to their clients throughout the Eastern United States. They specialize in insurance… (continued at

Jones Named President Of GE, UTX Jet Engine JV: November 24, 2009 (FinancialWire) — Mary Ellen Jones has been named president of the Engine Alliance, a 50/50 joint venture of General Electric (NYSE: GE) and Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX). Jones will succeed Jim Moravecek who will return to Pratt & Whitney in a new leadership position.
Jones comes… (continued at

Resources Buys Sitrick, Brincko Associates: November 24, 2009 (FinancialWire) — Resources Connection, Inc., (NASDAQ: RECN) has closed its acquisition of the business of Sitrick And Co., Inc., a strategic communications firm, and Brincko Associates, a corporate advisory and restructuring firm. Resources has formed a corporate advisory and restructuring subsidiary.
The acquisitions include the purchase of certain assets of both Sitrick and… (continued at

Spectrum Control To Buy Micro Networks: November 24, 2009 (FinancialWire) — Spectrum Control, Inc. (NASDAQ: SPEC), a designer and manufacturer of custom electronic products and systems, has signed a definitive agreement to acquire substantially all of the assets and assume certain liabilities of Micro Networks Corp., a subsidiary of Integrated Device Technology, Inc. (NASDAQ: IDTI).
Micro Networks, which has operations in Worcester,… (continued at

Becton, Dickinson Buys HandyLab: November 23, 2009 (FinancialWire) — Becton, Dickinson and Co. (NYSE: BDX) has closed its acquisition of HandyLab, Inc., an Ann Arbor, Michigan-based company that develops and manufactures molecular diagnostic assays and automation platforms.
In May 2009, BD and HandyLab announced an exclusive agreement for BD to develop and commercialize molecular assays on the HandyLab Jaguar platform,… (continued at

AngloGold Ashanti Buys Minority Stake In Commander Goldfields: November 23, 2009 (FinancialWire) — AngloGold Ashanti Ltd. (NYSE: AU) has acquired, through its wholly-owned subsidiary, Ashanti Goldfields Services ten million units in Commander Resources Inc. through a non-brokered private placement.
Each unit consists of one common share in the capital of Commander and one and a half of one common share purchase warrant, with each… (continued at

Banner Health Partners With CBORD To Develop Enterprise-Wide Model For Sharing Technology: November 23, 2009 (FinancialWire) — The CBORD Group, Inc., the provider of food and nutrition management and cashless card systems to healthcare facilities, announced that Banner Del E. Webb Medical Center, in Sun City West, AZ, is slated to go live this month with CBORD’s Room Service solution.
For Banner Health, this is the fifth facility… (continued at

Triangle Capital Invests $8.0 million In Anesthesia Services Provider: November 23, 2009 (FinancialWire) — Triangle Capital Corp. (NASDAQ: TCAP) closed an $8.0 million debt investment with warrants in a leading physician management company that provides contracted outsourced anesthesiology services to hospitals and medical centers in the Midwest.
TCAP is a leading specialty finance company that provides customized financing solutions to lower middle market companies located… (continued at

Newtek Business Services Inks Deal With First Data And Wells Fargo, N.A.: November 23, 2009 (FinancialWire) — Newtek Business Services, Inc. (NASDAQ: NEWT), a provider of business services and financial products to the small- and medium-sized business market, reported its electronic payment processing division has entered into new agreements with Wells Fargo Bank, N.A. and First Data Corp. to facilitate its continued growth in services and capacity… (continued at

AMCORE Bank’s New Glarus And Belleville Branches Sold To Union Bank & Trust Company: November 23, 2009 (FinancialWire) — AMCORE Bank, N.A., a wholly-owned subsidiary of AMCORE Financial, Inc. (NASDAQ: AMFI), has completed the sale of its branches in the Wisconsin communities of New Glarus and Belleville to Union Bank & Trust company of Evansville, WI.
The sale included approximately $19 million in loans, $31 million in deposits and sweep… (continued at

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Free annual reports, filings and conference call webcasts for companies mentioned in the news are available via Investrend Syndications ( The most recently issued reports and/or recorded webcasts include Bellway PLC (London Stock Exchange: BWY) (OTC: BLWYF), British Assets Trust PLC (London Stock Exchange: BSET), Sopra Group (Paris Stock Exchange: SOPR) (OTC: SRAQF), Universal Display Corporation (NASDAQ: PANL), Charteris PLC (Berlin Stock Exchange: EQH), British Empire Securities & General Trust PLC (London Stock Exchange: BTEM), Eaton Vance Enhanced Equity Income Fund (NYSE: EOY), Denbury Resources, Inc. (NYSE: DNR), D.R. Horton, Inc. (NYSE: DHI) and Analogic Corporation (NASDAQ: ALOG).


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