M&A Weekly Recap: Liberty Close to Full Control of Sirius XM, Boston Scientific Buys BridgePoint Medical

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Here’s your Cheat Sheet to this week’s M&A headlines:

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Nuance Communications, Inc. (NASDAQ:NUAN) purchases Ditech Networks, Inc. (NASDAQ:DITC) at $1.45 per share, which represents a 79 percent windfall to its Monday close. The buyer says that Ditech’s voice tech will improve its repertoire of mobile and enterprise voice offerings.

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Yahoo! Inc. (NASDAQ:YHOO) and Alibaba.Com Limited (ALBCF.PK) have now officially concluded their $7.6 billion share buyback arrangement. Through its terms, Alibaba receives 50 percent of Yahoo’s 40 percent investment back, and also has the option of repurchasing half of the remainder if and when it conducts an initial public offering. Marissa Mayer now has a post-tax amount of $4.5 billion with which to go shopping for acquisitions, after her decision to review plans to give the money back to shareholders. Observers wonder if Yelp (NYSE:YELP) might be on Mayer’s list.

Liberty Media Corp. (NASDAQ:LMCA) once again moves closer to full control of Sirius XM Radio Inc. (NASDAQ:SIRI), as it converts approximately 6.25 million of the latter’s shares of B-1 preferred stock, which now gives it 49.5 percent stake in the company.

Lenovo Group Ltd.. (LNVGY.PK), which is the number two PC maker worldwide, will acquire the Utah-based Stoneware so as to gain tech linked to synchronizing data across mobile devices. Lenovo Vice President Mark Cohen announces that his firm will utilize the purchase to build a “public cloud” for consumers, and also to compete with Apple’s (NASDAQ:AAPL) iCloud service.

Shares of Dole Food Company, Inc. (NYSE:DOLE) spiked then fell back following its agreement to divest its global packaged foods and Asia fresh produce units for around $1.7 billion in cash to Japan’s Itochu. The sale should help Dole in the reduction of its debt and also decrease costs. The firm also intends to streamline its worldwide personnel and corporate structure to suit the specific needs of its remaining divisions.

Prior speculation was correct in that The Blackstone Group L.P. (NYSE:BX) will purchase Vivint for a price of $2 billion from the initial investors Goldman Sachs Group Inc. (NYSE:GS) and Jupiter and Peterson, according to the Vivint Chief Executive Todd Pedersen to Bloomberg. Vivint provides energy-management, home-security, and solar-power leases to more than 670,000 households in North America.

Anschutz announces that it will divest its AEG sports-and-entertainment division in a deal that could reach a value of several billion dollars. The unit’s assets include a 30 percent investment in the LA Lakers, stadiums, sports teams, and music festivals, along with the world’s second-largest concert promoter. It is thought that potential suitors might include News Corporation (NASDAQ:NWS) and Liberty Media Corp. (NASDAQ:LMCA), which holds a 21 percent interest in the AEG ticket competitor Live Nation Entertainment, Inc. (NYSE:LYV).

Canadian mining company B2Gold Corp. (BGLPF.PK) will purchase the Australian-based CGA Mining Limited (CGAFF.PK) for approximately $1.1 billion. The acquisition should also give B2Gold the Masbate mine located in the Philippines, which alone has an expected output of around 200,000 ounces of gold in this year through June. Additionally, the buyer is predicted to produce approximately 350,000 ounces from three Latin American mines in 2012.

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Boston Scientific Corporation (NYSE:BSX) acquires the privately held BridgePoint Medical, a company which develops a catheter-based system used to treat highly diseased coronary arteries as a means of restoring blood flow to the heart. The financials of the transaction were not reported.

Shares of US Airways Group, Inc. (NYSE:LCC) move up Wednesday on news from AMR’s (AAMRQ.PK) American Airlines, which reports that it is cutting back capacity, while industry inside chatter has it that an unannounced pilot sickout is going at full tilt. Whatever the case, the airline has led all week in cancellations and delays.

3M Company (NYSE:MMM) Chief Financial Officer David Meline tells investors that his company is in the process of reassuring the Justice Department over its worries regarding 3M’s proposed $550 million acquisition of the office products division of the Avery-Dennison Corporation (NYSE:AVY). The Department threatened to block the deal in court earlier in the month.

It will be necessary for Martin Marietta Materials Inc. (NYSE:MLM) to hike its takeover bid for Vulcan Materials Company (NYSE:VMC) by 40 percent to secure the transaction, says an analysis by Bloomberg. Vulcan shares closed Tuesday at $46.21, which was still 5.6 percent above the prospective buyer’s takeover price, and the premium implies that some investors hope that Martin Marietta will return with a higher offer now that the May injunction is in the past.

Bain Capital is said to be in final discussions to purchase Apex Tool Group from Danaher Corporation (NYSE:DHR) and Cooper Industries, plc (NYSE:CBE) for a price between $1.5 billion and $1.8 billion, in a deal that could be reached within several days. Apex is one of the world’s largest makers of hand and power tools, and produces Lufkin measuring tapes, Crescent wrenches, along with tools for Sears’ Craftsman brand.

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BP (NYSE:BP) is in talks to divest its 50 percent investment in TNK-BP to Rosneft Oil Co. for between $10 billion and $15 billion in cash and a minimum of 12.5 percent of the latter’s shares, according to the Kommersant financial daily reports. Other reports say that to fund its acquisition, Rosneft will try to raise from $15 billion to $20 billion in debt from both foreign and Russian banks.

Denbury Resources Inc. (NYSE:DNR) will divest its Bakken shale assets in North Dakota and Montana to Exxon Mobil Corporation (NYSE:XOM) for the price of $1.6 billion, along with Exxon’s operating interests in the Webster Field in Texas and Hartzog Draw Field in Wyoming. The Bakken shale assets are comprised of approximately 196,000 net acres with an anticipated output in the second half of 2012 in excess of 15,000 barrels of energy equivalent per day.

The board of Xstrata Plc (XSRAF.PK)( XSRAY.PK) might recommend Glencore International Plc’s (GLCNF.PK) revised bid for the firm, in an announcement that could come as early as Friday, according to The Financial Times. Meanwhile, the boards of both entities are meeting Thursday to review the final details, with the deadline given by regulators being Monday.

Pandora Media (NYSE:P) shares are up modestly Thursday subsequent to a Bloomberg article which implies that Apple’s (NASDAQ:AAPL) reported Internet radio plans might induce the former’s online competitors, as Google Inc. (NASDAQ:GOOG), Amazon.com, Inc. (NASDAQ:AMZN), and Clear Channel, to think about a purchase of its huge user base and mobile ad unit. An analyst at Albert Fried opines that Pandora could bring $20 a share.

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Shares of Fortune Industries, Inc. (AMEX:FFI) gain two-thirds of their value on heavy volume on word that the company is reconfiguring its merger deal with Ide Management Group. The modified agreement should result in the firm remaining registered with the Securities and Exchange Commission and also continue to be publicly traded. Current company shareholders will continue to own their company shares, as well.

Some analysts believe that Exxon Mobil Corporation’s (NYSE:XOM) $1.6 billion acquisition of Bakken oil assets is “still not big enough for Big Oil”, as Fadel Gheit at Oppenheimer notes that more will be needed to really register on the lineup of such a huge company. JPMorgan says that Exxon could outperform its peer group by using its balance sheet on big purchases which are accretive or take place at favorable prices.

The Cnooc Limited (NYSE:CEO) – Nexen, Inc. (NYSE:NXY) saga clears up just a little bit as a court in Canada has allowed the $15.1 billion purchase, according to the former on Friday. On Thursday, Nexen’s shareholders approved the deal by nearly a unanimous vote, so now all that is left to do is get regulators in Canada, China, and the United States on board.

The European Commission has okayed Universal Music’s $1.9 billion acquisition of EMI’s recorded music division from Citigroup Inc. (NYSE:C) subsequent to the buyer’s promises to divest a number of labels, among which include Chrysalis, Mute and Parlophone. However, Universal will retain the rights to The Beatles, which comprise part of Parlophone’s catalog.

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