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Trendingnow

1

A dropout living in a trailer, he got $1 million from Peter Thiel at 19—now he's a billionaire who says the American Dream isn't dead

2

U.S. strategic reserves are getting so low the drawdown threatens to damage the 60 underground salt caverns storing American oil

3

Current price of oil as of August 18, 2026

1

A dropout living in a trailer, he got $1 million from Peter Thiel at 19—now he's a billionaire who says the American Dream isn't dead

2

U.S. strategic reserves are getting so low the drawdown threatens to damage the 60 underground salt caverns storing American oil

3

Current price of oil as of August 18, 2026

M&A

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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August 27, 2012, 2:36 PM ET
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International Business Machines Corp. (NYSE: IBM) has agreed to acquire HR software companyKenexa Corp. (NYSE: KNXA) for approximately $1.3 billion, or $46 per share in cash. www.kenexa.com

Contec Holdings Ltd., a cable box repair company owned by Bain Capital, is preparing to file for a prepackaged bankruptcy, according to the WSJ. As part of the deal, Bain Capital would be wiped out with lenders taking control, while Contec would be able to remove around $300 million in debt from its books.www.gocontec.com

Hanlong Group of China has agreed to acquire Australian mining company Sundance Resources (ASX: SDL) for A$1.37 billion.

Hertz (NYSE: HTZ) has agreed to acquire fellow car rental company Dollar Thrifty (NYSE: DTG) for $2.3 billion. www.hertz.com

M&T Bank Corp. (NYSE: MTB) has agreed to acquire Hudson City Bancorp (Nasdaq: HCBK) for around $3.7 billion in stock and cash (60/40 split). www.hcsbonline.com

Kohlberg Kravis Roberts & Co. has agreed to sell Unisteel Technology International Ltd., a Singapore-based maker of precision components and assemblies, to Switzerland’s SFS Group. No financial terms were disclosed. www.kkr.com

Trimble (Nasdaq: TRMB) has agreed to acquire TMW Systems Inc., a Beachwood, Ohio–based provider of enterprise software to transportation and logistics companies, for $335 million in cash. Sellers include Pamlico Capital. www.trimble.com

Western Mining Group Co. Ltd. of China has agreed to acquire Canadian gold mining company Inter-Citic Minerals Inc. (TSX: ICI) for C$250 million in cash. Western Mining shareholders include Goldman Sachs and NewMargin Ventures. www.inter-citic.com

Sign up for Dan’s daily email newsletter on deals and deal-makers: GetTermSheet.com

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