Agilent (NYSE:A) is purchasing the Denmark-based cancer diagnostic company Dako from Swedish private equity company EQT, for $2.2 billion. The acquired company posted sales of $340 million in 2010, and provides employment for around 1,000 people. Agilent believes that the purchase will reinforce its presence in life sciences and also its revenues. The deal is expected to be complete in 60 days and to become accretive immediately.
Don’t Miss: Berkshire’s Risky Bet on Traditional Journalism.
Berkshire Hathaway (NYSE:BRKA) purchases the major portion of Media General’s (NYSE:MEG) newspapers for $142 million, and also makes a 19.9 percent investment in the company, which will provide MEG a $400 million term loan and a $45 million revolving credit line. Subsequently, Media’s shares surge (to put it mildly) on the news. The acquisition includes 63 daily and weekly publications in Alabama, North Carolina, South Carolina, and Virginia, but the flagship Tampa Tribune was not part of the deal.
China-based oil and gas software provider Pansoft (NASDAQ:PSOF) allows itself to be taken private at $4.15 per share in cash, and shares pop in reaction. Acquiring the firm is Timesway Group Ltd., controlled by Chairman Hugh Wang and CEO Guoqiang Lin.
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