Deals: As Merrill Goes, So Goes the Week

In our M&A roundup for the period ended Sept. 21, the Bull's sale to B of A shows up, but not AIG's arrangement with the Fed.

Onex Partners LP to buy RSI Home Products Inc. for $636 million

Management of RSI Home, private and based in Anaheim, Calif., agreed to acquire the manufacturer of cabinetry in a buyout backed by Toronto-based Onex. Deal terms call of Onex to acquire a 50- percent stake in RSI in convertible preferred security for $318 million, subject to a minimum preferred return of 10 percent to Onex. Of the total amount invested by Onex, $126 million is in its own equity. The transaction is expected to close in early October.
Seller financial advisor: Wells Fargo & Company
Bidder financial advisor: Internal
Seller legal advisor: O’Melveny & Myers
Bidder legal advisor: Kaye Scholer

Getinge AB to buy Datascope Corp. for $594 million

Montvale, N.J.-based Datascope, which develops, makes, and markets surgical and health-care products, definitively agreed to be acquired by Sweden-based Getinge, a medical technology company with operations in the cardiac surgery and vascular surgery markets. Both boards approved the merger at a price of $53 a share, a premium of 7.7 percent. The implied equity value of the transaction is about $841 million. The transaction is expected to close by Dec, 31.
Seller financial advisor: Lehman Brothers
Bidder financial advisor: Merrill Lynch
Seller legal advisor: Dechert; Weil Gotshal & Manges
Bidder legal advisor: Alston & Bird; Covington & Burling

Telvent GIT SA to buy DTN Holding Co. Inc. for $445 million

Madrid-based Telvent, which is engaged in industrial supervisory control and business process management systems, agreed to acquire private DTN, an Omaha-based provider of business information services in the areas of agricultural, energy, and environment business markets. The transaction is expected to close in the fourth quarter.
Seller financial advisor: Blackstone Group Holdings; Goldman Sachs
Bidder financial advisor: M&A International
Seller legal advisor: Not Available
Bidder legal advisor: Clifford Chance; DLA Piper; KPMG Abogados; Squire, Sanders & Dempsey

Wabtec Corp. to buy Standard Car Truck Co. Inc. for $300 million

Wilmerding, Pa.-based rail equipment supplier Wabtec agreed to acquire private Standard Car Truck, based in Park Ridge, Ill., which designs and manufactures railroad car trucks, stabilizer systems, and locomotive components, for cash. The transaction is expected to close in the fourth quarter.
Seller financial advisor: Internal
Bidder financial advisor: Internal
Seller legal advisor: McDermott Will & Emery
Bidder legal advisor: Reed Smith

Superior Well Services Inc. to buy certain oilfield service assets of Diamondback Holdings LLC for $270 million

Indiana, Pa.-based Superior, a provider of services to oil and natural gas exploration companies, has agreed to acquire the assets of Diamondback Holdings LLC, an Oklahoma-based investment holding company interested in companies providing services to oil and natural gas exploration companies, for cash. The transaction is expected to close in the fourth quarter.
Seller financial advisor: Internal
Bidder financial advisor: Jefferies & Company
Seller legal advisor: Akin Gump Strauss Hauer & Feld
Bidder legal advisor: Vinson & Elkins

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