Notable Mergers and Acquisitions of the Day 08/29: (SYT)/(DD) (ARW)
- Sysco (SYY) to Acquire US Foods in $3.5B Deal
- Unusual 11 Mid-Day Movers 12/09: (HIHO) (GIVN) (PRAN) Higher; (OSIS) (GNE) (CRIS) Lower
- Covidien (COV) to Acquire Given Imaging (GIVN) for $30/Share
- China Mobile (CHL) May Start Taking Apple (AAPL) iPhone Preorders This Week
- 3D Printing Hype May Be 'Overdone' - Analyst (DDD) (SSYS) (XONE)
- Syngenta (NYSE: SYT) has agreed to acquire the DuPont Professional Products insecticide business, a leading supplier of innovative products for the professional turf, ornamentals and home pest control markets. The acquisition will expand the range of products which Syngenta offers to golf course and lawn care professionals and to ornamental growers, and will also strengthen its portfolio for the control of home pests.
Under the terms of the agreement, Syngenta will acquire a global business including established pest control brands Advion® and Acelepryn® and other intellectual property, as well as a number of employees, for a consideration of $125 million. Syngenta will also access the related active ingredients and formulated products from DuPont through exclusive supply and licensing agreements.
The transaction is expected to close in the fourth quarter of 2012.
- Arrow Electronics, Inc. (NYSE: ARW) has agreed to acquire Redemtech, Inc., a wholly owned subsidiary of Micro Electronics, Inc. Redemtech is a provider of electronics asset disposition (EAD) services.
Redemtech offers a comprehensive array of EAD services including data removal, data security, refurbishment, and remarketing of electronic assets, while ensuring compliance with local and national data security and environmental regulations.
Headquartered in Columbus, Ohio, Redemtech has approximately 400 employees. Sales in 2012 are expected to total approximately $60 million.
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