VCJ Staff

Kohlberg Kravis Roberts & Co. has agreed to acquire First Data Corp. (NYSE: FDC) for approximately $29 billion. Under terms of the agreement, First Data shareholders would receive $34 per share, which is around a 26% premium over last Friday's closing price of $26.90 per share. Citigroup, Credit Suisse, Deutsche Bank, HSBC, Lehman Brothers, Goldman […]

Marisco Capital Management said that it plans to vote against a proposed $82 per share buyout of Four Seasons Hotels Inc. (NYSE: FS). It is one of the company's largest shareholders with nearly a 19% position. The buyout consortium includes Cascade Investment (backed by Bill Gates), Kingdom Hotels International (backed by Saudi Prince Alwaleed Bin […]

Broadcasting Media Partners has completed its $12.3 billion acquisition of Spanish-language broadcaster Univison Communications Inc. (NYSE: UVN). BMP consists of Haim Saban, Madison Dearborn Partners, Providence Equity Partners, Texas Pacific Group and Thomas H. Lee Partners. The deal received FCC clearance earlier this week. www.univision.com

Visteon Corp. (NYSE: VC) has agreed to sell certain chassis businesses in Europe and Brazil to a special situations fund advised by Orlando Management. No financial terms were disclosed.

Insituform Technologies Inc. (Nasdaq: INSU), a Chesterfield, Mo.-based underground piping company, has announced plans to sell its tunneling business for around $20 million. www.insituform.com

Hyde Park Holdings of New York has acquired Environmental Reclamation Services Inc., according to LBO Wire. No financial terms were disclosed. ERS is an Erie, Pa.-based recycler of printer cartridges and wireless devices. www.ersusa.com

TPG is considering a Euro3.4 billion buyout bid for Spanish airline carrier Iberia. The deal would value Iberia shares at Euro3.6 a piece, which is below yesterday's closing price of Euro4 per share. Iberia confirmed the approach, and said that TPG has requested more detailed financial information.

Gen Cap America has acquired Metro Boiler Tube Co. and Myco Trailers Inc. No financial terms for either transaction were disclosed. Metro Boiler Tube is a Ringgold, Ga.-based company that distributes, fabricates and cuts tubing used in boilers. Myco Trailers is a Bradenton, Fla.-based provider of custom designed boat trailers marketed exclusively to the high-performance […]

GS Capital Partners has received shareholder approval for its proposed $17 per share buyout of insurance broker USI Holdings Corp. (Nasdaq: USIH). The total transaction is valued at approximately $1.4 billion. www.gs.com www.usi.biz

Herbalife Ltd. (NYSE: HLF) has rejected a $38 per share buyout offer from J.H. Whitney & Co., calling the price too low. Whitney's unsolicited bid had put a 15% premium on Herbalife stock, which since has risen to $40.27 as of market close yesterday. www.herbalife.com