M&A and IPO News from AIRS 5/19/08

[David Sandusky]

Monday, May 19, 2008 M&A & IPO News from AIRS

IPO - Industrial Manufacturing

Colfax Corporation

Colfax Corporation is a global supplier of fluid handling products, including pumps, fluid handling systems, and specialty valves. Its products serve a variety of applications in the commercial marine, oil and gas, power generation, global navy, and industrial markets and are sold worldwide primarily under the Allweiler, Fairmount, Houttuin, Imo, LSC, Portland Valve, Tushaco, Warren, and Zenith brands.
Location: Richmond, VA
Empoyees: 2,002
Date: 5/5/2008
NASDAQ: CFX






IPO - Paper & Paper Product Manufacturing

Verso Paper Corp.

Verso produces coated paper and pulp for clients that include magazine publishers and commercial printers. The company has mills in Maine, Michigan, and Minnesota.
Location: Memphis, TN
Empoyees: 2,969
Date: 5/12/2008
NASDAQ: VRS






IPO - Power Generation & Storage

Real Goods Solar, Inc.

Real Goods Solar designs, installs, and maintains solar energy systems that power homes. The company currently offers services in Colorado and California.
Location: Broomfield, CO
Empoyees: 83
Date: 5/5/2008
NASDAQ: RSOL






M&A - Banking

Buyer: Westpac Banking Corporation, Sydney, Australia

Target: St. George Bank Limited, Kogarah, Australia



Westpac Banking will acquire St. George Bank, forming Australia's largest bank. The acquistion, subject to approval, is one of the country's largest corporate deals. It is valued at US $17.5 billion.
(N.Y.) Newsday, May 13, 2008






M&A - Computer Software

Buyer: Taleo Corporation, Dublin, CA

Target: Vurv Technology, Inc., Jacksonville, FL



Taleo Corporation, a leader in on demand talent management solutions, will acquire Vurv Technology, a provider of talent management software, for approximately $128.8 million in cash and stock. The acquisition will enhance Taleo's position in the talent management arena, providing the company with additional resources and expertise.
CNNMoney.com, May 6,2008






M&A - Information Technology Services

Buyer: Hewlett-Packard Company, Palo Alto, CA

Target: Electronic Data Systems Corporation, Plano, TX



Computer giant Hewlett-Packard has reached an agreement to buy technology services firm Electronic Data Systems (EDS), creating a company poised to rival IBM in the area of computer consulting and services. The deal is valued at about $13.25 billion.
The Wall Street Journal, May 13, 2008






M&A - Media

Buyer: Cablevision Systems Corporation, Bethpage, NY

Target: Sundance Channel, Cambridge, MA



Cablevision Systems Corp. will buy Sundance Channel, a network that airs independent films and other original programs, from NBC Universal, CBS Corp., and actor Robert Redford for $496 million. Cablevision has decided to let the channel exist on its own for now, rather than merge it with its other independent film network, IFC.
The Wall Street Journal, May 8, 2008






M&A - Media

Buyer: CBS Corporation, New York, NY

Target: CNET Networks, Inc., San Francisco, CA



CBS has agreed to acquire CNET Networks, a leading provider of online information. The deal, valued at $1.8 billion, will make CBS one of the 10 most popular Internet companies in the world.
Forbes, May 15, 2008






M&A - Newspaper Publishing

Buyer: Cablevision Systems Corporation, Bethpage, NY

Target: Newsday, Inc., Melville, NY



Less than a week after announcing it will buy Sundance Channel, Cablevision Systems Corp., the nation's fifth-largest cable provider, followed with an announcement that it will buy New York newspaper Newsday. The deal, valued at $650 million, expands Cablevision's reach.
(N.Y.) Newsday, May 12, 2008