Chiron Bids for PowderJet Pharmaceuticals

Roxio agrees to acquire pressplay from Sony and Vivendi as a way to revive Napster, plus more deal news

Chiron (CHIR ) offers to acquire Britain-based PowderJet Pharmaceuticals (PJP ). Terms: 550 pence per share, or about $878 million. RBC Capital says deal results in Chiron becoming the world's second largest provider of flu vaccines. (5/19)

Roxio (ROXI ) agrees to acquire pressplay, the online music operation owned by the music units of Vivendi Universal (V ) and Sony Corp. (SNE ), and turn it into a new service that would operate under the name of the defunct file-swapping network Napster. Under terms of the agreement, Roxio acquired most of the interests of pressplay for $12.5 million in cash and about 3.9 million shares of Roxio stock. Based on Roxio's closing stock price on Friday, the purchase price is about $39 million, excluding transaction costs estimated at about $1 million. Also, Sony and Vivendi Universal each have the right to earn as much as $6.25 million from the new Napster service. (5/19)

Elder-Beerman Stores (EBSC ) says it is in takeover talks with unnamed potential buyer. It hires RBC Capital as an adviser. (5/16)

Arvest Holding Inc. agrees to buy Superior Financial (SUFI ) for $23.75 per share. (5/16)

Capital Growth Partners agrees to buy United Park City (UPK ) for $21 per share, less transaction fees up to $0.50 a share. (5/16)

South Financial Group (TSFG ) agrees to buy Mountainbank Financial (MBFC ) for $32.50 in TSFG stock = MBFC. (5/15)

Cegedim SA offers to buy Synavant (SNVT ) for $3.15 per share. (5/15)

Leucadia National (LUK ) offers to buy remaining Wiltel Communications (WTEL ) shares it doesn't own. Terms: 0.3565 LUK = WTEL. (5/15)

Pennsylvania Real Estate Investment Trust (PEI ) agrees to buy Crown American (CWN ). Terms: 0.3589 PEI = CWN. (5/14)

CB Bancshares (CBBI ) rejects a new bid from CPB Inc. (CPF ). On May 12, CPB made a bid of $24.50, 1.7606 CPF = CBBI. (5/13)

A new entity formed by Trimaran Capital Partners and Bear Stearns Merchant Banking agree to buy Packaged Ice (ICY ) for $3.62 per share. (5/13)

An affiliate of Riverside Co. agrees to buy Dwyer Group (DWYR ) for $6.75 per share. (5/12)

Dendrite International (DRTE ) agrees to buy Synavant Inc. (SNVT ) for $2.83 per share. (5/12)

CNL Hospitality agrees to buy RFS Hotel Investors (RFS ) for $12.35 per share. (5/9)

Cathay Bancorp (CATY ) agrees to buy GBC Bancorp (GBCB ) for $37.95 per share. (5/7)

USA Interactive (USAI ) agrees to buy LendingTree (TREE ) for $716 million in stock. Terms: 0.6199 USAI = TREE. (5/5)

Zoran (ZRAN ) agrees to buy Oak Technology (OAKT ). Terms: 0.2323 ZRAN, $1.78 cash = OAKT. (5/5)

Westerbeke Acquisition Corp. agrees to buy Westerbeke (WTBK ) for $3 per share. (5/5)

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