Notable Mergers and Acquisitions of the Day 5/15: BCS, SRCL, MFE
- Barclays (NYSE: BCS) confirmed reports it has received unsolicited interest in the broader BGI business, or its index business Barclays Global Investors.
In April, Barclays announced the sale of its iShares business to a new limited partnership established by CVC Capital Partners Group SICAV-FIS S.A. for a total consideration of approximately US$4.4 billion, but under the agreement Barclays was able to solicit proposals for iShares from third parties for at least 45 business.
Barclays said there can be no certainty that any of these approaches will result in a different transaction.
Earlier reports suggested BlackRock (NYSE: BLK) and Bank of New York Mellon (NYSE: BK) were intersted in the broader BGI business.
- MedServe, Inc., a private company, announced that it has entered into an agreement to be acquired by Stericycle, Inc. (Nasdaq: SRCL) for $185 million in cash.
MedServe has been majority-owned by Avista Capital Partners, Chrysalis Ventures and Murphree Venture Partners since September 2006. MedServe is engaged in the collection, transportation, treatment and disposal of medical waste, hazardous waste, universal waste and other regulated wastes; sharps management services; safety and compliance training services; and other related businesses.
- McAfee, Inc. (NYSE: MFE) announced a definitive agreement to acquire privately owned Solidcore Systems, Inc. for approximately $33 million in cash up front and with an earn-out of up to an additional $14 million if certain performance targets are met. Solidcore is a leading provider of dynamic whitelisting technology that controls and protects the applications installed on a computer, resulting in improved IT compliance, security and availability.
Solidcore uses dynamic whitelisting to protect against vulnerable or malicious applications and ensure that only pre-authorized software and code can run on servers, endpoints, fixed function devices and mobile devices. Following the completion of this proposed acquisition, McAfee(R) expects to couple Solidcore's dynamic whitelisting and compliance enforcement technology with McAfee compliance mapping and policy auditing to deliver the industry's first end-to-end compliance solution. Customers will benefit from centralized management and reporting of the integrated technologies through the McAfee ePolicy Orchestrator(R) (ePO(TM)) console.
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