M&A Madness
Here are some potential M&A ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts "Seeking Buyers" list. For prior lists, see below. IntriCon Corp. (Nasdaq: IIN) plans to divest its non-core electronics business unit, RTI Electronics Inc. The Arden Hills, Minn.-based company's board approved the move to liquidate the assets and expects to complete the sale by mid-year. The maker of body-worn medical and electronic devices will book a charge of $1.4 million to $1.8 million for the divestiture. For the first nine months of 2009, IntriCon's sales fell to $41.5 million from $50.1 million a year earlier. Its RTI Electronics unit generated sales of $4 million for the latest quarter, down about 30 percent from a year earlier. Argyce LLC was seeking a buyer for the drug development program assets of Genaera Corp.
