Mergers and Acquisitions Review: Physicians Formula Shares POP, Glaxo DIVESTS Older Drugs

These were yesterday’s top stories:

The Carlyle Group (NYSE:CG) and the management of Getty Images will jointly acquire Getty Images from Hellman & Friedman for $3.3 billion in a transaction that should close in the current year.

Shares of Physicians Formula Holdings, Inc. (NASDAQ:FACE) pop on the news that it will be purchased at $4.25 per share in cash by Swander Pace Capital. The acquisition price is 15 percent above Tuesday’s closing at $3.68, and the total amount of the deal should come to about $65 million.

Don’t Miss: These Retailers Are Going MOBILE.

Global Payments Inc. (NYSE:GPN) will buy private equity Accelerated Payment Technologies from Great Hill Partners for the amount of $413 million. The acquired firm supplies payment systems to small- to medium-sized merchants, while Global Payments processes the majority of its transactions under their current relationship.

GlaxoSmithKline (NYSE:GSK) will divest 25 older drugs marketed in Australia to South Africa’s Aspen Pharmacare for £172 million as a part of its strategy to sell off non-core treatments. The transaction will follow three divestitures within GSK’s non-prescription unit over the past several months.

Don’t Miss: Judge to Apple, Samsung: It’s Time For Peace!

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.