M&A Recap: General Mills in Brazil, Motorola Mobility Moves Closer to Google

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Dover (NYSE:DOV) will acquire the Maag Group. The acquisition is for an undisclosed sum and under undisclosed terms. Maag posted 2011 revenue of around $170 million. Dover expects the purchase to be slightly dilutive to 2012 continuing earnings per share.

Ensign Group (NASDAQ:ENSG) acquires Connected Home Health for an undisclosed amount. It will operate Connected Home Health through its home health and hospice-based portfolio subsidiary. The transaction is expected to be mildly accretive to earnings this year.

Don’t Miss: Microsoft and General Electric Develop Venture to Compete in Healthcare IT.

General Mills (NYSE:GIS) reportedly agrees to buy Brazil’s Yoki for 2 billion reais ($1.16 billion). This deal would once again make GIS factories the largest consumer market in Latin America, after a fire destroyed a pasta plant in 2007. Yoki has nine factories in Brazil, making snacks, juices and popcorn.

Vodafone (NASDAQ:VOD) is considering a cash bid for Cable & Wireless Worldwide.  Sources add that the offer could come in around 700 million pounds ($1.1 billion). Buying the struggling company would allow Vodafone to offload ever-increasing Internet traffic to a fixed network with more capacity.

Motorola Mobility (NYSE:MMI) revenue growth is believed to drop by 700 basis points says Barclays. On the other hand, Barclays believes that Google’s  (NASDAQ:GOOG) 2012 and 2013 revenue growth will fall by only 400 basis points. It also see Google’s Earnings Before Interest, Taxes, Depreciation and Amortization margin taking a 1430 basis point hit in 2012 to 40.9%. Google shares fell in early January after Motorola’s fourth quarter warning increased fears that the latter’s struggling phone division will eat into the former’s profits.

Don’t Miss: Google Gets a Thumbs Up from EU to Buy Motorola.

To contact the reporter on this story: Tanya Harding at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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