Midweek M&A Madness
Here are some potential target 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. BioSyntech, Inc., a biotechnology company, retained PricewaterhouseCoopers to advise it with on a formal review of strategic alternatives including, but not limited to, a commercial partnership involving its cartilage repair device BST-CarGel® or a corporate sale of the Company. Pabst Blue Ribbon, the Milwaukee beer brewer, has hired Bank of America Merrill Lynch to shop itself to potential buyers, the New York Post reported. The company expects around $300 million in deal value. Opti Canada, a Calgary-based energy company which is a minority partner in the Long Lake project in northern Alberta, said it was considering selling itself. Smart Balance, the publicly traded maker of butter substitutes, raised new debt to pay off its old debt, saying the new capital structure "enables us to consider strategic alternatives to enhance shareholder value in the years ahead." The company did not say whether those alternatives include a sale of the company.
