Polypore Retains Wells Fargo, Bayer Buys Schiff Nutrition: Merger and Acquisitions Recap

Polypore International (NYSE:PPO) has retained Wells Fargo Securities for its help in exploring alternatives for its Daramic lead-acid battery separator facilities. The firm reports that it has no defined schedule set for the formal evaluation of the assets.

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Bayer (BAYZF.PK) purchases Schiff Nutrition International for the amount of $1.2 billion in cash along with the $34-per-share bid marking a 47 percent bonus to the latter’s Friday close. The acquisition reinforces Bayer’s footprint in the United States, which comprises the world’s largest market for over-the-counter and nutritional products.

JDA Software Group (NASDAQ:JDAS) says that after putting itself up for acquisition, it has received some interest from private equity companies and strategic buyers, according to Reuters. The firm’s market cap is $1.46 billion and it supplies customized software to such customers as government and aerospace defense contractors along with hospitality and media organizations.

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