On Monday, McGraw-Hill said that it would split in two; separating its
business information and educational units in an attempt to improve
the standing of its listless share price. It closed up 4%. Broadcom
purchased NetLogic Microsystems for $3.7 billion in an all-cash
deal. The semiconductor firm wants to compliment its current
communications range with more advanced networking chips. The buyer
fell by 1.1%, while NetLogic was boosted by 50%, reflecting the
massive premium offered. Also that day, engineering firm Charter
International was bought by Colfax for $2.4 billion. The global
supplier of pumps and valves was down 8.6%.
The next major deal came late on Wednesday, when Teradyne, acquired fellow test-equipment manufacturer LitePoint Corporation for $510 million. Despite this large expansion, shares in the buyer were relatively unaffected. The following day, GTCR announced that it would buy Fundtech $390 million. The private equity firm plans to combine it with BankServ, a money transfer company. The financial software provider jumped 32% by the bell.
The next major deal came late on Wednesday, when Teradyne, acquired fellow test-equipment manufacturer LitePoint Corporation for $510 million. Despite this large expansion, shares in the buyer were relatively unaffected. The following day, GTCR announced that it would buy Fundtech $390 million. The private equity firm plans to combine it with BankServ, a money transfer company. The financial software provider jumped 32% by the bell.
