Midweek M&A Madness
PBM Products, a maker of private-label baby foods, is seeking to arrange for a buyout or partial sale of the company. The company, based in Gordonsville, Va., could garner as much as $1 billion. Jefferies & Co. is advising the company. (Read more) Good Times Restaurants Inc. (Nasdaq SmallCap: GTIM), a quick service restaurant chain based in Colorado, hired Mastodon Ventures, Inc. to provide strategic advisory services as it explores strategic alternatives. Bankrupt Metaldyne, based in Plymouth, Mich., is seeking a buyer for its Tubular Products Business, its Balance Shaft Module Business, and its Chassis operations. Revstone Industries LLC has been named the stalking horse bidder for the latter; Hephaestus Holdings has been named the stalking horse bidder for the Tubular Products and Balance Shaft Module businesses. The auction for the Travel Channel, run by Goldman Sachs, has received bids from Scripps Networks Interactive and General Electric Co's NBC Universal. (Read more) Tremont Group Holdings, a firm which operated Madoff feeder funds, has retained bank Duff & Phelps to run an auction for remaining hedge fund assets in the coming weeks. (Read more)
