Notable Mergers and Acquisitions of the Day 4/17: HRS/TEL, PEP, YAVY/ACBA

April 17, 2009 10:00 AM EDT

• Harris Corporation (NYSE: HRS) has signed a definitive agreement to acquire the Tyco Electronics (NYSE: TEL) Wireless Systems business, an established provider of mission-critical wireless communications systems for law enforcement, fire and rescue, and public service organizations.
  
  
• PepsiCo, Inc. (NYSE: PEP) announced that it has acquired leading Peruvian snack business Karinto S.A.C., maker of Peru's top-selling corn chips, Los Cuates, as well as a popular line of nuts and seeds.
  
  "The Karinto brands span a broad array of snack foods, offering consumers a variety of convenient choices, from tasty treats to healthy options," said Olivier Weber, president of South America Foods for PepsiCo. "Strategically, we continue to strengthen our core snacks business as we extend our presence in healthy, macrosnack occasions, two of our global food growth priorities. These products are a perfect complement to PepsiCo's portfolio in the region. The strength of the brands and the quality of people who make and sell them represent fuel for growth in an important emerging market -- a powerful combination."
  
  
• Shareholders of Yadkin Valley Financial Corporation (NASDAQ: YAVY) and American Community Bancshares, Inc. (NASDAQ: ACBA) approved the merger of American Community Bancshares, Inc., with and into Yadkin Valley Financial Corporation. The mergers of both the holding companies and the subsidiary banks are expected to close on April 17, 2009.
  
  The combined company will have total assets of over $2.0 billion.
  
  

To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions

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