Mergers and aquisition the week of January 26, 2009 as compiled by AIRS.



IPOs


This Week's IPOs: No companies are scheduled to go public this week.



Mergers


This Week's Mergers: Medicines to Acquire Targanta... Riverbed to Buy Mazu Networks... Autonomy Corporation to Acquire Interwoven... Abbott Labs Enters Eye-Care Field with Purchase of Advanced Medical Optics... And Medtronic to Acquire Ablation



M&A - Biotechnology


Buyer: The Medicines Company, Parsippany, NJ


Target: Targanta Therapeutics Corporation, Saint-Laurent, Canada



The Medicines Company, a drug developer focused on acute care medicines, will acquire Targanta, a small biotech firm in need of a cash infusion amid tight credit markets in order to get its new drug to market. Medicines will acquire Targanta for an initial $42 million, but the deal could amount to $95.5 million if Targanta's antibiotic oritavancin is approved and reaches worldwide sales of $400 million.
Forbes, January 13, 2008


M&A - Computer Software


Buyer: Riverbed Technology, Inc., San Francisco, CA


Target: Mazu Networks, Inc., Cambridge, MA



Riverbed Technology, a provider of network solutions, has agreed to buy privately-held Mazur Networks, a maker of security software. The deal calls for an initial payment of $25 million, as well as possible additional payments based on future performance.
The Boston Globe, January 21, 2008


M&A - Computer Software


Buyer: Autonomy Corporation plc, Cambridge, UK


Target: Interwoven, Inc., San Jose, CA



Autonomy Corporation, a UK-based enterprise software company, will acquire Interwoven, a San Jose, Calif., software company focused on content management solutions. The deal is valued at about $775 million.
Silicon Valley/San Jose Business Journal, January 22, 2009




M&A - Medical Devices


Buyer: Abbott Laboratories, Abbott Park, IL


Target: Advanced Medical Optics, Inc., Santa Ana, CA


Abbott Laboratories, a leading maker of health care products, will acquire eye-care company Advanced Medical Optics for $1.36 billion, allowing Abbott to enter the lucrative cataract- and laser-surgery markets with a strong foothold. Advanced is the top provider of equipment for Lasik laser vision-correction surgery, The Wall Street Journal reports, indicating that the company is also a big maker of contact-lens solution and cataract-surgery technology.
The Wall Street Journal, January 13, 2009




M&A - Medical Laboratories & Research


Buyer: Medtronic Inc., Minneapolis, MN


Target: Ablation Frontiers, Inc., Carlsbad, CA


Medtronic, a leading maker of defibrillators and pacemakers, will aquire Ablation Frontiers, a maker of medical devices for treating atrial fibrillation. The deal, valued at $225 million, is expected to close by the end of April.
North County Times (Escondido, Calif.), January 14, 2008