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On Friday, FLIR Systems (NASDAQ:FLIR) purchased the stock of the Belgium-based Traficon International, a leader in video detection tech for traffic applications, at a cash price of around $46 million. The buyer expects that this transaction will be neutral to 2013 net earnings and accretive thereafter.
China Nepstar Chain Drugstore (NYSE:NPD) finalizes the divestiture of its 40 percent equity ownership in Yunnan Jianzhijia Chain Drugstore to Yunnan Jianzhijia Holding Co. Through the terms, the latter bought the equity ownership in JZJ for a total cash consideration of RMB 81.48 million. Nepstar is the biggest retail drugstore chain in China when based on directly-operated stores.
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Perrigo Company (NASDAQ:PRGO) has reached a definitive merger agreement and completed the purchase of the privately-held Cobrek Pharmaceuticals for roughly $45 million on a cash-free and debt-free basis. In May 2008, the buyer bought an 18.5 percent minority interest in Cobrek which was connected with entering into a product development collaborative partnership accord with the company and focused on foam dosage form generic pharmaceutical products.
Carrizo Oil & Gas (NASDAQ:CRZO) divests its wholly owned subsidiary, Carrizo UK Huntington Limited, and all of its interest in the Huntington Field in the United Kingdom North Sea to a subsidiary of Iona Energy (IONAF.PK) in a cash transaction of $184 million. The seller anticipates a net about $116 million, following the payment of around $70 million to retire and close a United Kingdom credit facility, working capital adjustments and transaction related costs. This transaction should close on or before the end of January.
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