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New York's world famous department store Macy's has once again been the subject of takeover talk, causing shares to rise by 8.2%. Last month the company was linked with a private bid of $52 per share by KKR, Goldman Sachs and Providence. www.macys.com

United Test and Assembly Center Ltd (UTAC), a listed Singapore-based microchip tester, is to be acquired by US private equity giant Texas Pacific Group and Asian buyout house Affinity Equity Partners for $1.4 billion.

At the end of a week of heightened speculation about M&A moves in the drinks sector, broker Dresdner Kleinwort has said that Scottish & Newcastle, Britain's biggest independent beer maker, is the “most likely bid target” amongst beverages makers. The chatter was sparked on Tuesday, June 26, when Carlsberg's chief executive Nils Andersen said the […]

Genstar Capital and Boston Ventures have acquired a majority stake in 21st Services, a Minneapolis-based provider of life expectancy information used in the life settlement industry and the secondary life insurance market. No financial terms were disclosed. www.21stservices.com

Olympus Partners has agreed to acquire 95 Chili's Grill & Bar restaurants located in the Northeastern and mid-Atlantic region from Brinker International Inc. (NYSE: EAT). The deal is valued at $155 million. Olympus will place the restaurants

Macy's (NYSE: M) stock surged on Friday, on rumors that it could be acquired for around $52 per share by KKR and Goldman Sachs. That price would value the company

Sageview Capital and KKR Private Equity Investors, the publicly-traded fund of KKR, have agreed to acquire a 70% stake in ACTS LP, the Montreal-based maintenance, repair and overhaul subsidiary of ACE Aviation Holdings. The deal gives ACTS an enterprise value of approximately $975 million. It is expected to close next quarter.

Eaton Corp. (NYSE: ETN) has agreed to sell its mirror controls unit to Englefield Capital for $111 million. The unit is part of Eaton's automotive group, and makes mirror actuators and power-fols actuators for external automotive mirror systems. The deal is expected to close within the next 30 days.

Mid Europa Partners and France Telecom have agreed to acquire Austrian mobile operator One for

TGF Management Corp. has sponsored a recapitalization of M&M Manufacturing Co., a Fort Worth, Texas-based fabricator of custom sheet metal products, primarily serving the air distribution and ventilation market. No financial terms were disclosed for the deal, which was done in partnership with company management. TGF is an Austin, Texas-based private equity firm. http://www.tgfmanagement.com/ http://www.mmmfg.com/