Deals: Steel and Germs, but No Guns

In our M&A roundup for the period ended Aug. 17, Russia's Novolipietsk Steel makes the biggest buy, with a drug deal and a drug-store deal right behind it.

Li & Fung Limited to buy Kathy Van Zeeland for $495 million

Hong Kong-based fashion group Li & Fung agreed to acquire New York City-based handbag retailer Kathy Van Zeeland, with the transaction expected to closed Sept. 2.
Seller financial advisor: Merrill Lynch
Bidder financial advisor: Merrill Lynch
Seller legal advisor: Not available
Bidder legal advisor: Not available

Terex Corp. to buy the port equipment business of Fantuzzi Industries Sarl for $321 million

Terex, a manufacturer of construction, mining, and other heavy equipment, and provider of financing and related services for equipment purchases, won an auction to acquire port equipment businesses of Italian maker and designer of port equipment, systems, plants, and industrial truck lifts Fantuzzi Industries. Completion is expected to close by the fourth quarter.
Seller financial advisor: Not Available
Bidder financial advisor: UniCredit Group
Seller legal advisor: Simmons & Simmons
Bidder legal advisor: Bryan Cave

JDA Software Group Inc. to buy i2 Technologies Inc for $320 million

Dallas-based i2 Technologies definitively agreed to be acquired by Scottsdale, Ariz.-based JDA Software for $14.86 a share, a premium of 4.9 percent, with both boards approving the merger. i2 Technologies provides application software and hosted software products for supply chain management. JDA provides software products for supply and demand chain requirements of global consumer products companies, manufacturers, distributors, and retailers, along with government and aerospace defense contractors and travel, transportation, hospitality, and media organizations. The transaction is expected to close in the fourth quarter.
Seller financial advisor: JP Morgan Securities
Bidder financial advisor: Citigroup
Seller legal advisor: Munsch Hardt Kopf & Harr
Bidder legal advisor: DLA Piper; Stikeman Elliott

Ameriprise Financial Inc. to buy H&R Block Financial Advisors from H&R Block Inc for $315 million

Minneapolis-based financial planning, products, and services provider Ameriprise agreed to acquire H&R Block Financial Advisors, of Kansas City, Mo., from Kansas City-based H&R Block in a deal expected to close in the first quarter of 2009.
Seller financial advisor: Lazard
Bidder financial advisor: Banc of America Securities
Seller legal advisor: Sullivan & Cromwell
Bidder legal advisor: Wachtell Lipton Rosen & Katz

source: mergermarket


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