Notable Mergers and Acquisitions of the Day: CSCO, BWY/BLL, RODM/BMRN

October 27, 2009 10:38 AM EDT

  • Cisco (NASDAQ: CSCO) announced its intent to acquire privately held ScanSafe, Inc. Based in London and San Francisco, ScanSafe is a market leader of software-as-a-service (SaaS) Web security solutions for organizations ranging from global enterprises to small businesses.

    Under the terms of the agreement, Cisco will pay approximately $183 million in cash and retention-based incentives. The acquisition is subject to various standard closing conditions and is expected to close in the second quarter of Cisco's fiscal year 2010.

  • BWAY Corporation, the principal operating subsidiary of BWAY Holding Company (NYSE: BWY) today reported that it has completed the previously announced acquisition of the assets, and certain liabilities, of Ball Corporation's (NYSE: BLL) plastic packaging plant and business located outside of Atlanta in Newnan, GA. The facility produces injection molded plastic pails and certain other products. The Company paid approximately $32.0 million for the acquisition, and funded the transaction using cash on hand.

  • Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM) announced today that its affiliate, Aceras BioMedical LLC, has sold Huxley Pharmaceuticals Inc. to BioMarin Pharmaceutical Inc. (NASDAQ: BMRN). Huxley was established by Aceras in August 2008 with a focus on developing therapeutic products for rare diseases of the nervous system.

    Under the terms of the agreement, BioMarin paid Huxley stockholders $15.0 million. An additional $7.5 million is payable upon the achievement of regulatory milestones. Further, Huxley stockholders may also receive up to an additional $36 million in milestone payments if certain annual, cumulative sales and U.S. development milestones are met. Aceras owned 95% of Huxley's stock at the time of the transaction.
To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions


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Stocks Mentioned

BLL 50.63

+0.24 +0.48%
Volume: 221,766
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BMRN 17.07

+0.10 +0.59%
Volume: 178,319
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BWY 16.87

+1.00 +6.30%
Volume: 68,171
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CSCO 23.81

+0.35 +1.49%
Volume: 14,987,234
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RODM 3.30

-0.19 -5.44%
Volume: 245,408
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