Here’s your Cheat Sheet to this week’s M&A headlines:
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In a Monday release, Honeywell International (NYSE:HON) said it is purchasing Intermec (NYSE:IN), a top supplier of mobile computing, label and receipt printers, in a $10 per share cash transaction with a total purchase price of about $600 million, subtracting cash and debt acquired.
Heelys (NASDAQ:HLYS) and Sequential Brands Group (SQBG.OB) reported in a Monday statement that they are merging as of December 7th, after which Sequential will purchase all outstanding shares of Heelys common stock at $2.25 per share in cash or a total of around $63.2 million.
Diageo (NYSE:DEO) is said to have held talks with Suntory in the spring and summer regarding collaboration on its acquiring Beam (NYSE:BEAM), a subsidiary based in the United States. The former, whose brands include Smirnoff, Guinness, and Baileys, is the world’s biggest whisky distiller, but is interested only in a certain number of Beam’s brands, including the bourbon whisky Jim Beam. It is thought that working with a partner on a joint bid would help Diageo get past the possible competition steps with regulators.