Mergers & Acquisitions: Hertz, Adobe, RBS Doing Deals

Hertz (NYSE:HTZ) car-rental service announced Sunday that it will buy privately-held Donlen Corp. for $250 million and assume the company’s $680 million in debt.

Pharmaceutical Product Development (NASDAQ:PPDI) is considering a sale, expecting interest from both private equity firms and clinical research firms.

Adobe (NASDAQ:ADBE) will acquire EchoSign, a maker of electronic signature automation software, allowing Adobe to offer value-added products and services to its Acrobat platform.

Maxim Integrated (NASDAQ:MXIM) will acquire SensorDynamics, a MEMS sensor chip developer, which will help Maxim compete with other MEMS makers including Texas Instruments (NYSE:TXN), Hewlett-Packard (NYSE:HPQ), and STMicroelectronics (NYSE:STM). In 2010, estimates had the MEMS market growing from $7 billion to $16 billion in 2014.

Aetna (NYSE:AET) has agreed to buy health-plan administrator PayFlex for roughly $202 million.

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The British government is unlikely to sell its stakes in RBS (NYSE:RBS) and Lloyds (NYSE:LYG) until there is more regulatory certainty for the two banks and their share prices. Richard Branson’s Virgin Money is one of three bidders for the 632 U.K. branches of Lloyds, of which the government owns 41%. His offer is believed to be around £2 billion.

Temple-Inland (NYSE:TIN) has again rejected International Paper‘s (NYSE:IP) $3.3 billion hostile takeover bid, warning shareholders that it “grossly undervalues” the company.