Mergers and Acquisitions: Blue Coat Systems Spikes into the Green, Icahn Rebuts Commercial Metals Rejection

Blue Coat Systems (NASDAQ:BCSI) agrees to be sell out to an investor group led by p-e firm Thoma Bravo in an estimated $1.3B deal. Shareholders, under the terms of agreement, will receive $25.81 in cash for each share in the provider of web security and applications company that they own.

Mindray Medical (NYSE:MR) announces it will purchase a controlling interest in Zhejiang Greenlander Information Technology. The amount is undisclosed. MR says the transaction will help create synergies within its array of medical devices and healthcare IT solutions.

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Commercial Metals’ (NYSE:CMC) has rejected Carl Icahn’s offer. But, he has another option of offering a $15/share tender to gain a controlling interest. Icahn calls on the firm’s board to redeem a poison pill that could block his efforts.

Bell Canada parent BCE (NYSE:BCE) and Rogers Communications (NYSE:RCI) team up. They are trying to buy a 79.53% stake in Maple Leaf Sports & Entertainment. Maple Leaf Sports & Entertainment is owner of hockey’s Toronto Maple Leafs and basketball’s Toronto Raptors, for C$1.32B (US$1.29B) from Ontario Teachers’ Pension Plan.

BRF Brasil Foods (NYSE:BRFS), Brazil’s largest food processor, agrees to swap assets with rival Marfrig (MRRTY.PK). This is part of an agreement with antitrust regulators to sell some assets in order to go ahead with the full merger of the companies. The company was ordered to shuck off some of or suspend about 12% of production capacity in order to create a rival that could effectively compete with the company.

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