Mergers and Acquisitions: Bank of America Gets Desperate, Disney Babbles

Bank of America (NYSE:BAC) has reached a deal they say will generate roughly $2.9B in Tier 1 capital. Selling the bulk of its remaining stake, 10.4B shares to a group of investors in China Construction Bank, will boost its Tier1 capital ratio by 24 bps. The end result will be a post-tax gain of $1.8B.

VeriFone (NYSE:PAY) acquires Point for $820M; expected to close in Q4. The European e-payments company adds a slew of acquisitions aimed at gaining an edge in the payments space. CEO Douglas Bergeron says the Point platform will allow service providers to accept all types of payments globally.

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Disney (NYSE:DIS) is acquiring and plans to integrate Babble Media with its existing family-focused content. Babble Media is a leading on line parenting platform, which features over 200 blogging moms. Disney paid in between $40-$45M, according to a source from Babble.

China GrenTech (NYSE:GRRF) has a bid placed on its remaining stake that values the company at $73.4M. Board CEO plans to purchase the remaining stake in the company, the company which he does not already own. His offer of $3.10 share places a 21% premium on Friday’s $2.56 closing price.

Tyco International (NYSE:TYC) avoided to rumor mill while avoiding making a definitive answer to the question of whether it was true Siemens (NYSE:SI) is bidding for the acquisition of the company. Bid by global powerhouse may throw a huge wrench in TYC’s plans to split three ways.

GeoEye (NYSE:GEOY) is claiming its sale process has been suspended, thus it is selling off on a DealReporter. Also moving lower is rival satellite imagery firm DigitalGlobe (NYSE:DGI).

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