Deals wrap: Southern Union offer raised

July 5, 2011

Pipeline operator Energy Transfer Equity  sweetened its deal for rival Southern Union 21 percent to about $5 billion, as it works to muscle out a competing offer from Williams Companies.

China’s Bright Food Group said it was not in discussions to buy any Australian wine assets, denying a media report that it was in internal talks on bidding for Australia’s Treasury Wine Estates.

Diagnostics firm Immucor said it agreed to be acquired by private equity group TPG Capital for $1.97 billion in an all-cash deal.

“After a blistering start to the year, deal volume slowed down in the second quarter as uncertainty again weighed on the markets,” reports the DealBook.

“New tech companies are going public at a rapid rate and some of the valuations are high relative to the underlying fundamentals.  So this is one giant bubble, right? No.  Not so much,” reports Tech Insidr.

TechCrunch looks at how this year’s batch of tech IPOs are faring.


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