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. Petroplus Holdings AG, an independent refiner based in Europe, is evaluating strategic alternatives at its Reichstett Refinery. Infratek ASA, a Norwegian electrical contractor, hired Carnegie ASA to advise it on the exploration of strategic alternatives. Anchor BanCorp Wisconsin Inc., a Nasdaq-traded bank based in Wisconsin, hired Sandler O'Neill Partners to advise it on the exploration of strategic alternatives. AOL is deciding on an exit strategy for Bebo, a social networking service it acquired for $850 million two years ago. The company will either sell or close the company. AOL is also selling ICQ, an instant messaging service reportedly worth $300 million. Three companies have submitted binding offers for the company.
