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Complete Energy to Merge with GSC SPAC

Houston's Complete Energy agreed to go public through a GSC Group-managed SPAC in a merger that values the energy company and its two natural gas plants at $1.3 billion.

Compass Sells Silvue to Mitsui Chem for $95M

Connecticut PE shop Compass sold glass coatings maker Silvue to Mitsui Chemicals, a deal which employed the firm's unique public financing structure.

Cablevision Makes Newsday Latest Buy

After winning the Sundance Channel, the cable operator trumped Rupert Murdoch, and other New York media moguls, for Newsday. Is The Weather Channel in the forecast?

Rodman Buys Energy I-Bank COSCO

New York investment bank Rodman & Renshaw will pay $10.1 million for Cosco Capital's oil and gas expertise, which Rodman plans to expand into the energy sector.

3M to Sell HighJump, Buy Quest

The manufacturer first agreed to sell HighJump Software to Battery Ventures. One hour later, 3M said it was buying Quest Technologies.

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FTD Goes to United Online

Just in time for Mother's Day, United Online agreed to acquire flower retailer FTD Group last Wednesday, paying roughly $800 million for the company. The cash-and-stock deal, based on United Online's closing price on April 29, values FTD's common stock at $15.08 per share.

Microsoft's Mid-Market Alternative?

With the deadline for Yahoo to accept Microsoft's unsolicited offer of a $42 billion buyout of the Sunnyvale, California-based internet company set to expire, many observers find it increasingly likely that Microsoft may look elsewhere for acquisitions.

Continental Rebuffs United Merger

Continental Airlines decided to remain independent after ending negotiations with United Airlines' parent company UAL Corp., saying the risks of a possible merger outweigh the rewards.

ESOPs on the Rise

Following Sam Zell's use of an employee stock ownership program to buy Tribune Co., interest in ESOPs has ratcheted up. But most market pros note that typically these types of transactions will be confined to the small and middle market.

Activists Take Center Stage

As the summer months approach, the M&A market has been greeted with an unpredictable proxy season. There have been threats, meetings of the mind and the traditional back-and-forth politicking normally reserved for Beltway wonks. If anything emerges out of the babel, it's that dealmaking, whether it occurs or not, will remain front and center even amid uncertainty over the economy and credit markets.

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