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.

Barclays Capital to buy the North American investment banking and capital markets operations of Lehman Brothers Inc. from Lehman Brothers Holdings Inc. for $250 million

Private, London-based Barclays Capital, the investment banking arm of Barclays plc, agreed to acquire the Lehman assets for cash. The transaction is subject to approval of the U.S. Bankruptcy Court and antitrust authorities, and may be terminated if not completed by Sept. 24.
Seller financial advisor: Lazard
Bidder financial advisor: Barclays Bank; Credit Suisse; Deutsche Bank; JPMorgan Cazenove
Seller legal advisor: Weil Gotshal & Manges; Simpson Thacher & Bartlett
Bidder legal advisor: Cleary Gottlieb Steen & Hamilton; Clifford Chance

Actuant Corp. to buy Cortland Cos. from Cable Solutions Group Inc. for $230 million

Butler, Wis.-based Actuant, a provider of engineering products for position and motion control systems and branded hydraulic and electrical tools, agreed to acquire the Cortland, N.Y.-based maker of electro-mechanical cables and synthetic rope products Cable Solutions.
Seller financial advisor: Harris Williams & Co
Bidder financial advisor: Wachovia Securities
Seller legal advisor: DLA Piper
Bidder legal advisor: McDermott Will & Emery

source: mergermarket


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