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Mergers & Acquisitions

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Toyota Motor Corp. (TYT.L, TM) or TMC, its wholly owned subsidiary Toyota Motor Sales and Marketing Corp. or TMSM, and Toyota Marketing Japan Corp. or TMJ, a wholly owned subsidiary of TMSM, have agreed to consolidate TMSM into TMC. Under the same agreement, Toyota Marketing Japan's motorsports functions...

City-Springleaf-030315.jpg Citigroup Inc. said Tuesday it has agreed to sell its consumer lending unit OneMain Financial Holdings, Inc. to subprime lender Springleaf Holdings for $4.25 billion in cash. Springleaf noted that the transaction will expand its presence to almost 2,000 branches across 43 states. The combination will create a personal finance company with almost $14 billion in net finance receivables.

Enghouse Systems Ltd. (ESL.TO), a provider of enterprise software solutions, announced Tuesday that it has acquired CDRator A/S for approximately $23.0 million, subject to certain price adjustments. The acquisition expands Enghouse's mobile telephony billing solutions business. Denmark -based CDRator...

Printing machines maker Heidelberger Druckmaschinen AG (HBGRF.PK) Tuesday announced that it has signed an agreement with investment company CoBe Capital to acquire Netherlands-based Printing Systems Group or PSG. Both parties have agreed that the purchase price will remain confidential. Through this...

FMC Corp. (FMC) said Monday that the sale of its Alkali Chemicals business to Tronox Ltd. (TROX) has been approved under the Hart-Scott-Rodino Antitrust Improvement Act. FMC and Tronox expect to close the deal, announced early last month and valued at $1.64 billion, on April 1. FMC's Alkali Chemicals...

hp-aruba-030215.jpg Computer and printer maker Hewlett-Packard Co. agreed Monday to acquire Wi-Fi gear maker Aruba Networks, Inc. for $24.67 per share in an all-cash deal valued at about $3 billion, and net of cash and debt about $2.7 billion. The deal combines Aruba's wireless mobility solutions with HP's wired switching solutions to create an enterprise mobility leader.

Saputo Inc. (SAP.TO) announced that its Australian subsidiary, Warrnambool Cheese and Butter Factory Company Holdings Limited, or WCB, has entered into an agreement to acquire the everyday cheese business (EDC Business) of Lion-Dairy & Drinks Pty Ltd based in Victoria, Australia. The purchase price of...

Medical device maker Boston Scientific Corp. (BSX) said Monday that it has agreed to acquire Endo International plc's (ENDP, ENL.TO) American Medical Systems or AMS urology portfolio for up to $1.65 billion, with $1.6 billion in cash payable at closing and a potential additional milestone of $50 million...

Hewlett-Packard Company (HPQ) and Aruba Networks (ARUN) announced a definitive agreement for HP to acquire Aruba, a provider of next-generation network access solutions for the mobile enterprise, for $24.67 per share in cash. The equity value of the transaction is approximately $3.0 billion, and net...

Teva Pharmaceutical Industries Ltd. (TEVA) agreed to sell its Sellersville, Pennsylvania facility to G&W Laboratories, Inc., as part of its plans to streamline operations by reducing excess manufacturing capacity. It is also part of Teva's previously announced cost reduction program. The Sellersville...

Arrow Electronics, Inc. (ARW) Monday said it has signed a definitive agreement to acquire immixGroup, Inc., a value-added distributor supporting over 800 value-added resellers, solution providers, service providers, and other public sector channel partners with specialized resources. This acquisition...

Cardinal Health (CAH) announced plans to acquire Johnson & Johnson's Cordis business, a global manufacturer of cardiology and endovascular devices, for $1.944 billion in cash, or approximately $1.594 billion, net of the present value of tax benefits. Headquartered in Fremont, Calif., Cordis had annual...

Bank holding company PacWest Bancorp (PACW) agreed Monday to acquire smaller peer Square 1 Financial, Inc. (SQBK) in an all-stock deal valued at about $849 million. The deal will create a $19.8 billion asset commercial bank. "We are very excited to align ourselves with the Square 1 team. Thanks to...

Avis Budget Group, Inc. (CAR), a provider of vehicle rental services, Monday announced an agreement to acquire Maggiore Group, Italy's fourth-largest vehicle rental business, for approximately $170 million. The acquisition is expected to add approximately $160 million of annual revenue and $30 million...

PacWest Bancorp (PACW) agreed to acquire Square 1 Financial, Inc. (SQBK) in an all-stock deal valued at about $849 million. The deal will create a $19.8 billion asset commercial bank. The deal will see Square 1 shareholders receiving PacWest common stock based on a fixed exchange ratio of 0.5997,...

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