Notable Mergers and Acquisitions of the Day 08/07: (HI) (ALR) (FIO)

• Hillenbrand, Inc. (NYSE: HI) has entered into a definitive agreement to acquire privately held ROTEX Global, LLC, a portfolio company of Windjammer Capital Investors, for $240 million in cash, subject to certain closing and post-closing adjustments.
  
  Closing is expected in late August.
  
  ROTEX is a leading manufacturer of dry material separation machines and replacement parts and accessories used in a broad range of domestic and international industries.
  
  Hillenbrand expects to use cash on hand and cash available under its revolving credit facility to fund the acquisition. The transaction is expected to be accretive to Hillenbrand's earnings per share immediately, net of acquisition costs.
  
  P&M Corporate Finance LLC is serving as financial advisor to Hillenbrand in the transaction, and Skadden, Arps, Slate, Meagher & Flom LLP and Baker & Daniels LLP are serving as its legal advisors.
  
  
• Alere Inc. (NYSE: ALR), reports it will make a cash offer for the entire issued and to be issued ordinary share capital of Axis-Shield.
  
  Axis-Shield shareholders will be offered 460 pence (or approximately $7.51) for each Axis-Shield share held by them, valuing the transaction at approximately £230 million (or approximately $375 million). The offer will be conditional upon Alere receiving valid acceptances in respect of not less than 90 percent of Axis-Shield shares to which the offer relates and not less than 90 percent of the voting rights carried by those shares.
  
  
• After the market closed yesterday, Fusion-io, Inc. (NYSE: FIO), entered into a definitive agreement to acquire IO Turbine, Inc.
  
  Under terms of the agreement, Fusion-io will pay up to approximately $95 million, subject to purchase price adjustments, for all outstanding securities of IO Turbine. The consideration is payable in cash and stock, provided that the cash portion may not exceed $35 million. The transaction is expected to close by the end of August 2011, subject to final closing conditions.

To keep up on all the Mergers & Acquisitions data in real-time, go to our new Mergers and Acquisitions Central page.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• RenovoRx regains Nasdaq minimum bid price compliance
• Beike (BEKE) PT Raised to $23 at Morgan Stanley