IT retailer CDW to be bought by equity firm
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Technology products retailer CDW agreed to a private equity buyout worth 7.3 billion dollars in the latest in a wave of takeovers.
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(InfoWorld) - The European Commission Friday approved the planned sale of AOL LLC's U.K. Internet access business to Carphone Warehouse Group PLC (CPW) of the U.K. The deal follows recent similar sell-offs in Germany and France. The Commission said that its month-long examination of the proposed transaction showed that in the sectors where the companies' activities overlap, Internet access services and fixed-line telephony services, the combined entity's share of the relevant market "would not give rise to competition concerns as the new firm would continue to face effective competitive pressure from other market participants." The Commission is the European Union's regulatory and executive branch. Time Warner Inc., AOL's owner, has been retreating from the Internet access business in Europe, where its subscriber numbers are declining. AOL company has about 5.9 million customers for its three European divisions, in the U.K., France and Germany. In September it agreed to sell its French operation to Neuf Cegetel SA for â¬288 million (US$374 million). A month later it agreed to sell its German Internet service provider to Telecom Italia SpA for â¬675 million. In September it agreed to sell its German Internet service provider to Telecom Italia SpA for â¬675 million (US$853.5 million) and its French operation to Neuf Cegetel SA for â¬288 million. CPW is an independent retailer of mobile communications, with over 1,500 stores in Europe. As well as retailing mobile handsets and mobile connections, CPW is active in the supply of fixed-line telecommunication services to business and residential customers. It also offers narrowband and broadband Internet access services to U.K. and European residential customers. Â
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US internet giant Amazon.com is buying China's largest web retailer Joyo.com, in a deal worth $75m (Â£41m).
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Private-equity giants Kohlberg Kravis Roberts & Company and the Texas Pacific Group are near a deal to acquire the TXU Corporation.
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Business services group Rentokil Initial has bought parcel delivery company Target Express for 210 million pounds in cash (311 million euros, 410 million dollars), adding that it was looking to sell its electronic security business.
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United Technologies Corp., which offers security services through its Chubb unit, agreed to buy UK fire-protection company Kidde Plc for $2.8 billion in cash to expand its range of building-services products.
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Discount retailer Kmart Holding Corp.  KMRT.O will buy department store operator Sears, Roebuck &  Co. S.N in a surprise $11 billion deal that creates the  third-largest U.S. retailer, the companies said on Wednesday.
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Abu Dhabi National Energy Co   will buy Canada&#39;s Primewest Energy Trust (PWI_u.TO)  for C$5 billion in cash, Primewest said on Monday, as the  state-controlled firm makes good on plans to turn its new  Canadian unit into a major oil producer.
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Computer Associates Wednesday announced that it plans to buy identity and access management software maker Netegrity of Waltham, Mass.
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Australian Retail Investments has sold its A$115 million stake in clothing and footwear retailer Colorado Group Ltd. Colorado Group&#39;s managing director Rowan Webb said the sale was unlikely to affect the companyâs earnings.
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Kohlberg, Kravis, Roberts &amp; Co., the world&#39;s biggest buyout firm, agreed to buy Canadian building- products maker Masonite International Corp.
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Ceridian Corp. , under pressure from an activist hedge fund, agreed to be bought by private equity firm Thomas H. Lee Partners  and insurance company Fidelity National Financial Inc.  for $5.3 billion, the business services company said on Wednesday.
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Texas power company TXU Corp.  has agreed to be acquired by private equity firms Kohlberg Kravis Roberts & Co.  and Texas Pacific Group  for about $32 billion in the largest leverage buyout in history, Bloomberg News reported on Monday.
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Wesfarmers Ltd. , which owns Australia's largest hardware chain, has agreed to buy retailer Coles Group Ltd.  for A$20.7 billion ($17.7 billion) in cash and stock, in the country's biggest takeover.
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Ispat International, the steel producer controlled by the Indian billionaire Lakshmi Mittal, today announced it had agreed to buy LNM Holdings and International Steel Group in
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Brazilian steelmaker CSN  said on  Monday it had agreed to buy Anglo-Dutch rival Corus  for  4.9 billion pounds ($9.6 billion), trumping an offer from  India's Tata Steel  announced only hours before.
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Brazilian steelmaker CSN  said on Monday it had agreed to buy Anglo-Dutch rival Corus  for 4.9 billion pounds ($9.6 billion), trumping an offer from India's Tata Steel  announced only hours before.