A classic, strategic, unglamorous waste-hauling deal helped more than double the value of last week’s mergers and acquisitions, while private equity took a near-holiday after its busy prior seven days.

Republic Services agreed to buy Allied Waste Industries for $12.32 billion — $6.24 billion excluding debt — topping the number-two M&A transaction: Bunge Ltd.’s $4.56-billion deal to buy Corn Products International, in the food and agribusiness field. The Republic-Allied combination positions them to challenge Waste Management Inc. as the industry leader.

Driven by those two transactions, the total value of North American dealmaking jumped to $20.44 billion from the prior week’s $8.13 billion, according to data on the top 10 deals provided to CFO.com by mergermarket. In all last week, the number of North American deals jumped to 52 from 43.

For the year to date, 1,914 transations have been proposed, totaling $440.36 billion, still sharply lower than the 2,645 deals worth $926.69 billion as of June 29, 2007.

Republic Services Inc. to buy Allied Waste Industries Inc. for $12.32 billion

Phoenix-based Allied Waste definitively agreed to be acquired by Fort Lauderdale-based Republic Services, with directors of both approving the merger. The price of 0.45 of a Republic share for each Allied share is at a 2.93-percent discount. Excluding debt, the value is about $6.24 billion. The transaction is expected to close in the fourth quarter.
Seller financial advisor: UBS
Bidder financial advisor: Merrill Lynch
Seller legal advisor: Gibson Dunn & Crutcher; Mayer Brown; Richards, Layton & Finger
Bidder legal advisor: Akerman Senterfitt; DLA Piper; Fried Frank Harris Shriver & Jacobson

Bunge Ltd. to buy Corn Products International Inc. for $4.56 billion

Westchester, Ill.-based Corn Products, which makes and sells ingredients for food and industrial customers, definitively agreed to be acquired by White Plains, N.Y.-based Bunge. The price being paid by Bunge, an agribusiness and food company, is $56 worth of its stock for each Corn Products share, a premium of 30.5 percent. Excluding assumed debt, the value is about $4.15 billion. The transaction is expected to close in the fourth quarter of 2008.
Seller financial advisor: JPMorgan; Lazard
Bidder financial advisor: Credit Suisse; Morgan Stanley
Seller legal advisor: Sidley Austin
Bidder legal advisor: Latham & Watkins; Shearman & Sterling

GMR Infrastructure Ltd. to buy a 50 percent stake in InterGen NV from AIG Highstar Capital LP for $1.1 billion

Bangalore, India-based infrastructure development company GMR is acquiring the stake in InterGen, an Amsterdam-based global power generation company. The seller, AIG Highstar Capital II LP, is a New York City-based private equity fund of AIG Highstar Capital LP. The transaction is expected to close in the third quarter.
Seller financial advisor: Lehman Brothers
Bidder financial advisor: Rothschild
Seller legal advisor: Sidley Austin
Bidder legal advisor: White & Case

Marfrig Frigorificos e Comercio de Alimentos SA to buy Agrofrango Industria e Comercio de Alimentos Ltd., Albert Van Zoonen BV, Braslo Produtos de Carnes Ltda, Kitchen Range Foods Ltd., Moy Park Group, and Penasul Alimentos Ltda from OSI Group for $680 million

Sao Paulo-based Marfrig Frigorificos, engaged in the meat industry, agreed to acquire a group of businesses based in Brazil and Europe from OSI Group, a food company based in Aurora, Ill., in a deal that is debt-free. The acquisition is expected to close in the second half.
Seller financial advisor: Not available
Bidder financial advisor: Internal
Seller legal advisor: Herbert Smith/Gleiss Lutz/Stibbe; Machado Meyer Sendacz e Opice
Bidder legal advisor: Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados; Shearman & Sterling

Occidental Petroleum Corp. to buy a 15-percent stake in the Joslyn Oil Sands Upstream Project from Enerplus Resources Fund for $492 million

Occidental Petroleum Corporation, a listed Los Angeles, CA based oil and gas exploration and production company, has agreed to acquire a 15 percent stake in Joslyn Oil Sands Project from Enerplus Resource Fund, a listed Calgary, AL based investment trust and oil and gas producer, for a total consideration of $492m. The acquisition is subject to regulatory approvals, consents, and customary closing conditions. It is expected to be completed in the third quarter.
Seller financial advisor: RBC Capital Markets
Bidder financial advisor: Not available
Seller legal advisor: Blake, Cassels & Graydon
Bidder legal advisor: Not available

HudBay Minerals Inc. to buy Skye Resources Inc. for $388 million

Vancouver, B.C.-based Skye definitively agreed to be acquired by Winnipeg, Manitoba-based HudBay, with both boards approving the merger. Skye is a development-stage resource company engaged in exploring and developing mineral properties. HudBay is a an integrated mining company.
Terms call for 0.61 of a HudBay share to be exchanged for each Skye share, with the $8.88 value providing a premium of 16.86 percent. The transaction is expected to close in late August.
Seller financial advisor: TD Securities; Morgan Stanley
Bidder financial advisor: GMP Securities; CIBC World Markets
Seller legal advisor: Fasken Martineau
Bidder legal advisor: Cassels Brock & Blackwell

Crew Energy Inc. to buy Gentry Resources Ltd. for $293 million

Calgary, Alberta-based Crew, an oil and gas producer, agreed to acquire Calgary-based Gentry, an oil and gas exploration and development company. The price is 0.22 of a Crew common share for each Gentry common share, a premium of 20.5 percent.
Seller financial advisor: GMP Securities
Bidder financial advisor: Cormark Securities; Macquarie Group
Seller legal advisor: Blake, Cassels & Graydon
Bidder legal advisor: Burnet Duckworth & Palmer

NYSE Euronext to buy a 25-percent stake in Doha Securities Market from the Government of Qatar for $250 million

NYSE Euronext’s purchase of the stake in Doha is expected to close during the fourth quarter.
Seller financial advisor: Morgan Stanley
Bidder financial advisor: Internal
Seller legal advisor: Latham & Watkins; Simmons and Simmons
Bidder legal advisor: Marccus Partners

Duke Energy Corp. to buy Catamount Energy Corp. from Diamond Castle Holdings LLC for $240 million

Charlotte, N.C.-based energy supplier Duke agreed to acquire Rutland, Vt.-based Catamount, a developer and operator of energy projects. Seller Diamond Castle is a private equity firm.
Seller financial advisor: Not available
Bidder financial advisor: Morgan Stanley
Seller legal advisor: Weil Gotshal & Manges
Bidder legal advisor: Dewey & LeBoeuf

RC2 Corp. to buy the Children’s Publishing Division of Publications International Ltd. for $163 million

Oak Brook, Ill.-based toy company RC2 agreed to acquire the division of Lincolnwood, Ill.-based Publications International, a publisher of children’s products in a deal expected to close in July.
Seller financial advisor: JPMorgan
Bidder financial advisor: Robert W. Baird & Co
Seller legal advisor: Not available
Bidder legal advisor: Not available

source: mergermarket

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