Reuters – BIDZ.com to be Taken Private
Online jewelry retailer BIDZ.com Inc. said it will be taken private by Glendon Group Inc., in a deal valuing the company at about $14.3 million. Glendon will pay 78 cents per share, which represents a premium of about 60% to BIDZ’s Wednesday closing price. (Reuters) – Online jewelry retailer BIDZ.com Inc said it will be...
Archipelago Learning Completes PLATO Merger
Archipelago Learning has completed its merger with PLATO Learning, a portfolio company of Thoma Bravo. The all-cash deal had an equity value of approximately $291 million. Archipelago Learning, which will be delisted from the NASDAQ Global Select Market, is a provider of subscription-based, software-as-a-service education products. PRESS RELEASE Archipelago Learning (NASDAQ: ARCL), a leading subscription-based,...
Archipelago Learning Completes PLATO Merger
Archipelago Learning has completed its merger with PLATO Learning, a portfolio company of Thoma Bravo. The all-cash deal had an equity value of approximately $291 million. Archipelago Learning, which will be delisted from the NASDAQ Global Select Market, is a provider of subscription-based, software-as-a-service education products. PRESS RELEASE Archipelago Learning (NASDAQ: ARCL), a leading subscription-based,...
Reuters – PE-Backed Agilent Pays $2.2B for Dako
Electronics testing equipment maker Agilent Technologies Inc., which is backed by Sweden-based private equity group EQT, will pay $2.2 billion in cash to buy Denmark-based cancer diagnostics company Dako, Reuters wrote Thursday. The deal is expected to close in two months, Reuters said. (Reuters) – Electronics testing equipment maker Agilent Technologies Inc, backed by...
peHUB First Read
Take a break with this morning's First Read to find out about how investors approach Latin America, HSBC's turnaround plan, Google's new knowledge graph and the appointment of the MIT's 17th president.
Sonic Healthcare Buys Healthscope for $100M
Sonic Healthcare Ltd., Australia’s top pathology and radiology group, has agreed to buy some pathology assets from private equity-owned Healthscope for A$100 million ($100 million), in what could be a test for the competition watchdog. Hospital operator Healthscope, bought by private equity firms TPG Capital and Carlyle Group for A$2 billion in 2010, said it...
Alliance Health Networks Acquires Voyager’s Medify
Alliance Health Networks, a social networking company serving consumers and the healthcare industry, has acquired Medify, a provider of data-driven treatment information. Since its founding in 2010, Medify has secured funds from Voyager Capital and angel investors. Financial terms of the acquisition were not disclosed. PRESS RELEASE Alliance Health Networks Acquires Medify to Strengthen Social...
peHUB First Read
Today's First Read has questions: Where are Americans on gay marriage? What is Quora worth? And what can US taxpayers afford to support?
