Deals of the Hour

Trying to find out what's the deal with the world, tracking what's on sale and who's talking about it on Twitter. Update hourly.

Deals of the Hour / September 21, 2010, 11:40 am

Discover in Deal to Expand Student Loan Business

Discover Financial Services said Friday it would buy Student Loan Corp. (SLC) for $600 million in a deal that beefs up the Riverwoods, Ill., credit card issuer's growing student loan business. As part of ... (Source: Structured Finance News 2010-09-17T15:14:19Z)

Novartis and Bausch & Lomb finish sale of eye drug Miochol-E; terms undisclosed

Novartis and Bausch & Lomb finish sale of eye drug Miochol-E; terms ... purchase of Alcon would be anticompetitive for U.S. consumers and likely lead to increased prices for the eye care drugs. Bausch & Lomb and Novartis ... (Source: Washington Examiner 2010-09-20T14:49:17Z)

Hellman & Friedman Capital Snags Internet Brands For $640 Million (INET)

9/20/2010-Internet Brands ( NASDAQ:INET ) agreed to be acquired by an affiliate of Hellman & Friedman Capital Partners VI in a deal valued at approximately $640 million. According to details of the transaction, INET ... (Source: Comtex Smartrend 2010-09-20T15:25:04Z)

FDA Delays Breast Cancer Drug Avastin Decision

... Avastin for breast cancer, a use that has generated vigorous debate among cancer specialists and patients. The company said in a statement that the Food and Drug Administration ... offer a "clinically meaningful" (Source: WLTX.com 2010-09-20T17:33:55Z)

Clorox selling division; deal includes Painesville plant

OAKLAND, Calif. (AP) — Clorox Co. will sell the division that makes car-care brands such as Armor All and STP to a private equity firm for $780 million in cash. The company announced the deal Tuesday ... (Source: News-Herald.com 2010-09-21T17:18:25Z)

On the Call: Discover Financial CEO David Nelms sees Student Loan deal boosting ...

he noted during a call to discuss the Riverwoods, Ill., company's fiscal third quarter results. It also adds about 300,000 customers to Discover's rolls, which it can use to sell future student loans, along with ... (Source: San Francisco Examiner 2010-09-21T06:27:01Z)

Jets Wide Receiver Braylon Edwards Arrested for DUI

New York Jets wide receiver Braylon Edwards was arrested Tuesday on ... We are reviewing the information with the league and will impose the appropriate disciplinary measures." Edwards signed with the Jets in 2009 ... (Source: Transworld News 2010-09-21T16:35:28Z)

FDA delaying its decision on breast cancer drug

... Avastin for breast cancer, a use that has generated vigorous debate among cancer specialists and patients. The company said in a statement that the Food and Drug Administration ... offer a "clinically meaningful" (Source: NorthJersey.com 2010-09-19T06:00:45Z)

Jets wide receiver Braylon Edwards arrested on DUI charge

NEW YORK (AP) -- New York Jets wide receiver Braylon Edwards has been arrested in ... statement that the Jets are disappointed and "will impose the appropriate disciplinary measures." He says Edwards showed poor ... (Source: WRDW-TV 2010-09-21T16:49:47Z)

Rockies suffer setback in extras

Ellis lined an RBI single over a drawn-in infield in the 11th inning after Matt Kemp doubled home the tying ... George Sherrill (2-2) relieved demoted Dodgers closer Jonathan Broxton with the bases loaded and two out ... (Source: Durango Herald 2010-09-20T05:30:56Z)

Roche's Avastin Fails to Help Early-Stage Colon Cancer Patients in Study

... Avastin in this use. The Food and Drug Administration yesterday said ... standard approval failed to convince the panel that the drug had a "clinically meaningful" benefit over chemotherapy alone in terms of ... (Source: Bloomberg 2010-09-18T16:10:23Z)

New York Jets Disappointed at Braylon Edwards Drunk Driving Arrest

New York Post) - The New York Jets slammed wide receiver Braylon Edwards after he was busted ... the information with the league and will impose the appropriate disciplinary measures." Edwards, 27, was arrested at 5 ... (Source: myfoxny.com 2010-09-21T18:15:41Z)

Bay Biz Buzz: Clorox to sell auto-care unit for $780 million

Clorox Co., the Oakland-based maker of household- cleaning products, agreed to sell its STP and Armor All auto- care brands to private-equity firm Avista Capital Partners for about $780 million in cash ... (Source: San Jose Mercury News 2010-09-21T16:21:09Z)

Novartis sells eye care drug to make way for Alcon deal

Bausch & Lomb has acquired the eye drug Miochol-E from Swiss drugmaker Novartis AG, parent company of Fort Worth-based eye care firm Alcon. Novartis learned last month it would have to stop selling the eye drug to ... (Source: Fort Worth Business Press 2010-09-21T09:04:30Z)

Novartis, Bausch & Lomb Finish Deal For Eye Drug

Eye drug maker Bausch & Lomb said Monday it finished the acquisition of the drug Miochol-E ... that Novartis would have to stop selling the eye drug to complete its planned acquisition of eye care company Alcon. (Source: Phramalive.com 2010-09-20T21:01:30Z)

Boston looks to rebuild museum at site of pivotal Tea Party protest; 1st museum ...

The Massachusetts Convention Center Authority, the city of Boston and developer Historic Tours of America have teamed up to change that, announcing a financing deal that will rebuild the museum along with the three ... (Source: Canada East 2010-09-20T12:33:16Z)

Discover, Citigroup student loan deal

as it responds to the new federal law and the changes in the government student loan business. Discover, based in Riverwoods, Ill., will end up with $4.2 billion of student loans and related assets at an 8.5 percent ... (Source: Worcester Telegram & Gazette 2010-09-19T10:47:05Z)

Museum burned down in 1991

The Massachusetts Convention Center Authority, the city of Boston and developer Historic Tours of America have teamed up to change that, announcing a financing deal that will rebuild the museum along with the three ... (Source: Today's THV 2010-09-20T12:40:26Z)

Sinclair Television begins cash tender offers for notes, debentures

... Sinclair Television Group Inc., a unit of Sinclair Broadcast Group Inc., said it has begun a cash ... offers with a private placement of about $250 million in senior unsecured notes, which would mature in 2018. (Source: San Francisco Examiner 2010-09-21T06:27:01Z)

Dodgers deal Rockies a costly blow in 11

Ellis lined an RBI single over a drawn-in infield in the 11th inning after Matt Kemp doubled home the tying ... George Sherrill (2-2) relieved demoted Dodgers closer Jonathan Broxton with the bases loaded and two out ... (Source: Colorado Springs Gazette 2010-09-20T00:58:55Z)

Vascular Solutions and Shepherd Scientific Announce U.S. Distribution of Angio ...

today announced they have entered into a distribution agreement providing for Vascular Solutions to distribute Shepherd Scientific's Angio Assist and Teirstein Edge products in the United States. The Angio Assist ... (Source: Yahoo Finance 2010-09-20T13:23:23Z)

Internet Brands (INET) Surges After Deal To Be Acquired By Hellman & Friedman

Internet media company Internet Brands Inc. (NASDAQ: INET ) announced on Monday that it has agreed to be acquired by an affiliate of private equity investment firm Hellman & Friedman Capital Partners VI, L.P. in a ... (Source: StreetInsider.com 2010-09-20T14:42:07Z)

Rockies fall to Dodgers

Ellis lined an RBI single over a drawn-in infield in the 11th inning after Matt Kemp doubled home the tying ... George Sherrill (2-2) relieved demoted Dodgers closer Jonathan Broxton with the bases loaded and two out ... (Source: Coloradoan 2010-09-20T11:00:13Z)

Clorox Is Said to Be Near a Deal to Sell STP, Armor All Brands to Avista

Clorox Co. , the maker of household- cleaning products, is near an agreement to sell its STP and Armor All auto-care brands to private-equity firm Avista Capital Partners for $750 million to $800 million ... (Source: Bloomberg 2010-09-20T03:43:33Z)

Vascular Solutions Reaches Deal To Distribute Shepherd Scientific's Angio Assist ...

(RTTNews) - Vascular Solutions Inc. (VASC: News ) and Shepherd Scientific Inc. Monday announced a distribution agreement enabling Vascular Solutions to distribute the latter's Angio Assist and Teirstein Edge products ... (Source: RTT News 2010-09-20T13:30:32Z)

Vascular Solutions to distribute Shepherd Scientific's Angio Assist and Teirstein ...

Vascular Solutions, Inc. (Nasdaq:VASC) and Shepherd Scientific, Inc. today announced they have entered into a distribution agreement providing for Vascular Solutions to distribute Shepherd Scientific's Angio Assist ... (Source: News-Medical.Net 2010-09-20T14:27:48Z)

Boston looks to rebuild Tea Party museum

The Massachusetts Convention Center Authority, the city of Boston, and developer Historic Tours of America have teamed up to change that, announcing a financing deal that will rebuild the museum along with the three ... (Source: Boston Herald 2010-09-20T10:31:35Z)

Sinclair Broadcast Unit To Offer About $250.0 Mln Of Senior Unsecured Notes ...

... Sinclair Broadcast Group Inc. (SBGI: News ) said its wholly-owned subsidiary, Sinclair Television Group Inc. or "STG", intends to offer around $250.0 million aggregate principal amount of Senior Unsecured Notes. ... Debentures due 2012. This private placement of notes would be conditioned on customary closing conditions. Click here to receive FREE breaking news email alerts for Sinclair Broadcast Group Inc ... (Source: RTT News 2010-09-20T12:47:35Z)

Internet Brands To Sell Itself To Hellman & Friedman Capital Unit For Around $640 ...

(RTTNews) - Internet media company Internet Brands, Inc. (INET: News ) revealed a definitive merger deal to be acquired by an affiliate of Hellman & Friedman Capital Partners VI, L.P. For around $640 million. The ... (Source: RTT News 2010-09-20T12:47:35Z)

Sinclair Commences Tender Offer for 6% Convertible Subordinated Debentures

... Sinclair Television Group, Inc. ("Sinclair"), a wholly-owned subsidiary of Sinclair Broadcast Group, Inc. (the "Company ... also announced that it intends to issue senior unsecured notes in a private placement ... (Source: Earthtimes 2010-09-20T12:47:35Z)

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