Mergers and Acquisitions Weekly Recap: Oracle and ArcelorMittal Center Stage

Monday

General Electric (NYSE:GE) has bought a 58% stake in Lightfoot Capital Partners in order to expand into petroleum product terminals, according to the company. Lighthouse owns Arc Terminals, a petroleum terminal operator with storage capacity in 8 states.

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Kinder Morgan (NYSE:KMP) has agreed to buy SouthTex Treaters for $155 million. SouthText designs and builds natural gas treatment plants.

VistaPrint Limited (NASDAQ:VPRT) announced today that it’s acquired Albumprinter, a privately held Dutch photo book and photo product company, for $83 million.

El Paso (NYSE:EP) shareholders are suing Goldman Sachs (NYSE:GS) for its role in advising the energy company to sell itself to Kinder Morgan (NYSE:KMI), which now owns 20% of the company, claiming that Goldman advised the El Paso board to accept too low a price.

Kennedy-Wilson (NYSE:KW) and its institutional partners have agreed to buy a U.K. loan portfolio from Bank of Ireland for $1.8 billion.

Juniper (NYSE:JNPR) is looking to use its $4.2 billion cash stockpile to acquire companies that can strengthen its mobile data and cloud computing positions, as it faces stiffening competition from China’s Huawei.

Entergy (NYSE:ETR) will acquire a 550MW natural gas fired Rhode Island power plant from NextEra Energy (NYSE:NEE) for net cash proceeds of $340 million. NextEra expects the deal to be accretive to future earnings.

Cigna (NYSE:CI) will pay about $3.8 billion, or $55 a share, to buy HealthSpring (NYSE:HS) in an acquisition that will boost Cigna’s Medicare Advantage operations. The sale price represents a 37% premium over HealthSpring’s closing price Friday of last week.

Plains All American (NYSE:PAA) has taken its offer to acquire SemGroup (NYSE:SEMG) hostile. PAA is offering to acquire all outstanding shares for $24 each in cash.

Cubist Pharmaceuticals (NASDAQ:CBST) has agreed to acquire Adolar (NASDAQ:ADLR) for roughly $190 million in cash, or $4.25 a share.

J.M. Smucker (NYSE:SJM) is acquiring a majority of Sara Lee’s (NYSE:SLE) coffee and hot beverage business for $400 million in cash. Smucker expects the deal to boost annual net sales by roughly $285 million.

Oracle (NASDAQ:ORCL) will acquire RightNow Technologies (NASDAQ:RNOW) for $1.5 billion, or $43 per share, a roughly 20% premium to the stock’s closing price on Friday of last week.

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Peabody (NYSE:BTU) and ArcelorMittal (NYSE:MT) have obtained a 59.85% majority interest in Australia’s Macarthur Coal.

China Mengniu Dairy may bid for Pfizer’s (NYSE:PFE) infant-nutrition business, expected to fetch up to $10.5 billion in a sale.

Wednesday

ArcelorMittal (NYSE:MT) has backed out of its joint bid with Peabody Energy (NYSE:BTU) to purchase Macarthur Coal Ltd. (MACDF.PK)  for A$4.9billion ($5 billion). As the sole bidder, Peabody will now add the 16.07 percent stake from ArcelorMittal to its current 59.85 percent majority interest in Macarthur.

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Amerigroup Corporation (NYSE:AGP) has signed an agreement to pay $85 million in cash for Health Plus’ operating assets and contract rights from Lutheran Medical Center. This will extend Amerigroup’s New York presence.  The transaction will go through regulatory review and is expected to close in the first half of 2012.

CubeSmart (CUBE) has entered into an agreement to acquire in cash a $560 million portfolio of high-quality self-storage facilities from Storage Deluxe. The 22 self-storage facilities are located in the New York City area. CubeSmart will use two stock offerings (a combined 37 million to 42 million shares) to help finance the deal. Investors weren’t excited by the news: CubeSmart’s stock fell 5.6 percent.

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C.R. Bard, Inc. (AMEX:BRD) has reached an agreement to acquire the privately-held Medivance, Inc. for approximately $250 million. The deal, structured as a merger, will be subject to conditions such as the Hart-Scott-Rodino clearance. The merger is expected to be completed in the fourth quarter and will place Medivance under the Bard Medical division.

Morgan Stanley (NYSE:MS) has agreed to sell mortgage servicer Saxon Mortgage Services Inc. to Ocwen Financial Corporation (NYSE:OCN) for $59 million and an estimated $1.4 billion for servicing outstanding advance receivables. The firm has owned Saxon since 2006 and sold it to Ocwen after receiving a lower bid from Nationstar Mortgage. The transaction is expected to close in the first quarter of 2012.

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Friday

The top two executives at Southern Union (NYSE:SO) could collect a combined $75 million in the sale of their natural gas company to Energy Transfer Equity (NYSE:ETE), with CEO George Lindemann entitled to up to $44.8 million in cash, cashed-out stock, and other benefits, while COO Eric Herschmann could collect $29.8 million.

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Mosaib Technologies (PINK:MBTHF) has agreed to a $593 million takeover offer from U.S. private-equity firm Sterling Partners, which tops a hostile bid from rival patent-licensing firm Wi-LAN (NASDAQ:WILN).

Swedish Automotive says it will sell 100% interests to Saab Automotive and Saab Great Britain to two Chinese companies for 100 million euros, pending approval by authorities and shareholders. The two Chinese companies have agreed to provide Saab Automotive with the funding necessary to stave off bankruptcy and to reorganize.

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Brocade (NASDAQ:BRCD) is reportedly looking to be acquired, according to The Wall Street Journal. The company has a market capitalization of $2.18 billion.

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