Notable Mergers and Acquisitions of the Day 04/19: (RTK) (SCLN) (KGC)

• Rentech, Inc. (AMEX: RTK) has exercised options to acquire additional equity in ClearFuels Technology Inc.
  
  From the release: "Upon closing of the transaction, Rentech would own a substantial majority of the equity of ClearFuels, with existing ClearFuels investors retaining a minority interest. The transaction will be accomplished through the merger of a subsidiary of Rentech into ClearFuels, with ClearFuels continuing as the surviving company in the merger. The option was exercised pursuant to the terms of an option agreement signed by the two companies in September 2010. The merger is expected to close within a month."
  
  
  Rentech currently owns abut 25 percent of ClearFuels.
  
  
• SciClone Pharmaceuticals, Inc. (Nasdaq: SCLN) has acquired NovaMed Pharmaceuticals Inc.
  
  Under terms of the agreement, NovaMed shareholders are entitled to receive up-front payments of approximately $24.7 million in cash, 8,298,110 shares of SciClone common stock valued at approximately $37.1 million (based upon the closing price of $4.47 on the NASDAQ stock market on April 18, 2011) and the right to additional cash consideration of up to $43 million, contingent upon the successful achievement of revenue and earnings targets for the 2011 and 2012 fiscal years.
  
  Further, "SciClone anticipates that NovaMed and SciClone's combined revenue for fiscal 2011 on a pro forma basis will be between $140 and $145 million. SciClone's GAAP revenue for fiscal 2011 will exclude NovaMed's revenue prior to the closing of the acquisition. SciClone is updating its guidance to reflect the acquisition and anticipates that its 2011 GAAP revenue will be between $133 and $138 million, and cash, cash equivalents and investments at December 31, 2011 to be greater than $45 million."
  
  
• Kinross Gold Corporation (NYSE: KGC) has invested about $1.63 million for a 9.9 percent stake in Tarsis Resources Ltd.
  
  Kinross acquired 2,710,891 shares at $0.60 per share.

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