Notable Mergers and Acquisitions of the Day 8/10: MSFT, MIL, MTSI, WEBM

August 10, 2009 10:22 AM EDT

StreetInsider.com Notable Mergers and Acquisitions of the Day:

• Microsoft (Nasdaq: MSFT) agreed to sell their digital marketing agency Razorfish to Publicis Groupe SA for approximately $530 million. In addition, the parties announced they have signed a Strategic Alliance Agreement that will become effective at the closing of the transaction.
  
  Razorfish will continue to operate under its brand name and be organizationally part of VivaKi, the new Publicis Groupe entity created in June 2008 to leverage the combined scale of the autonomous operations of Digitas, Starcom MediaVest Group, Denuo, and ZenithOptimedia. Major clients of Razorfish include Best Buy, Ford, McDonald's, Microsoft, and Starwood Hotels.
  
• CBS Corporation (NYSE: CBS) signed a definitive agreement to sell four of its owned radio stations in Portland, Oregon, KINK-FM (Adult Album Alternative), KUPL-FM (Country), KUFO-FM (Active/Alternative Rock) and KCMD-AM (Talk), to Alpha Broadcasting for $40 million in cash.
  
• SL Green Realty Corp. (NYSE: SLG) entered into a sale-purchase agreement to sell a 49.5% interest in 485 Lexington Avenue, NY, NY to a joint venture partnership comprised of Optibase Ltd. and Gilmor USA LLC, or "Green 485 JV LLC."
  
  The transaction results in an implied asset valuation of approximately $504.2 million, or $547 per square foot, and includes $450 million of existing debt, which will remain outstanding. The implied cap rate of this transaction is 6.25%.
  
• This morning, Millipore Corporation (NYSE: MIL) announced it has acquired BioAnaLab, a European-based services provider that specializes in the analysis of biologic drugs and vaccines.
  
  The transaction enables Millipore to expand its biopharmaceutical services business into Europe and further strengthens its position as a preferred outsource partner to biopharmaceutical companies.
  
• MTS Medication Technologies, Inc. (NASDAQ: MTSI) entered into a definitive merger agreement to be acquired for $5.75 per share in cash by an affiliate of Excellere Partners, LLC, a Denver, Colorado based private equity firm.
  
• WebMediaBrands Inc. (Nasdaq: WEBM) entered into a definitive asset purchase agreement to sell its Internet.com division to QuinStreet, Inc. for an aggregate purchase price of $18 million in cash.
  
  

To see all the Mergers & Acquisitions for today in real-time go to Mergers+and+Acquisitions

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• Excellere Partners
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