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, 10:40 am

Silver Lake Sumeru Announces Investment in Locaweb

Locaweb"), Brazil's leading provider of webhosting and cloud computing services. Silver Lake Sumeru's minority stake in the company marks the firm's first investment in Latin America. Locaweb, a pioneer in ... (Source: PR Inside 2010-09-20T11:14:32Z)

Machinists Recommend Strike At Cessna Aircraft

WICHITA, Kan. (AP) _ The Machinists union at Cessna Aircraft in Wichita is recommending that members reject the company's seven-year contract offer and authorize a strike. The union received the offer Tuesday ... (Source: WIBW 2010-09-15T01:04:51Z)

PG&E tells San Jose and other cities they have high-risk gas line segments

As PG&E prepares to release its list ... San Jose Mayor Chuck Reed said Pacific Gas & Electric Co. told his staff that the list includes one pipeline near the intersection of Tasman Drive and North First Street and ... (Source: San Jose Mercury News 2010-09-21T02:59:25Z)

Constellation Energy Buys CPower: First of More Deals to Come?

Constellation Energy (NYSE: CEG ) , a large, diversified power producer, has bought demand response specialist CPower. "Demand response is a technology with many uses. The ability to manage peak load is ... (Source: Motley Fool 2010-09-20T15:39:23Z)

Const. Energy to Acquire CPower

Constellation Energy Group Inc. ( CEG - Analyst Report ) signed an agreement to acquire privately held energy management company – CPower. The company expects to close the transaction in the fourth quarter of 2010 ... (Source: Zacks.com 2010-09-20T16:29:30Z)

Entry into a Material Definitive Agreement, Regulation FD Disclosure

RAE Systems Inc ... for a cash payment per share equal to the excess, if any, of the Merger Consideration over the exercise price of such Company Option. Pursuant to a Guarantee Agreement among Battery Ventures VIII, (Source: YAHOO! 2010-09-20T21:30:08Z)

Casey's General Stores rejects latest buyout offer from Alimentation Couche-Tard

THE PROPOSAL: Alimentation Couche-Tard Inc. increased its bid for Casey's General Stores Inc. last week to $38.50 per Casey's share in cash from $36.75. Casey's said the $1.47 billion offer was still too ... (Source: Chicago Tribune 2010-09-07T18:25:08Z)

PG&E Releases Top 100 Pipeline List

The San Jose Mercury News remade ... Mayor Chuck Reed said one of the dangerous pipelines lies beneath the surface near the intersection of Tasman Drive and North First Street. Reed said PG&E told him the Tasman ... (Source: msnbc.com 2010-09-21T13:50:50Z)

Rutgers hoping for better results against Tar Heels

Savage is hoping for better results when the Scarlet Knights play host to North Carolina on Saturday (3:30 p.m., ESPNU) at Rutgers Stadium. While he has engineered the Scarlet Knights to a pair of victories, (Source: MyCentralJersey.com 2010-09-21T04:25:19Z)

UPDATE 3-Deals of the day -- mergers and acquisitions

ID:nLDE68J0ZK] ** RAE Systems Inc ( RAE.A ), a provider of gas detection systems, said it agreed to be bought by venture capital firm Battery Ventures for about $95.1 million in a cash deal. [ID:nSGE68J0IR ... (Source: Reuters 2010-09-20T20:11:24Z)

High-Risk Gas Lines Run Under San Jose, Milpitas

PG&E will release a list of 100 high-risk natural gas line segments as early as Monday. San Jose ... Mayor Chuck Reed said one of the dangerous pipelines lies beneath the surface near the intersection of Tasman Drive (Source: msnbc.com 2010-09-21T13:50:50Z)

Drilling Company Releases Its Second Offer

... offer for many years to come," said Broome County Executive Barbara Fiala. Excluded from the proposal are certain areas that geologists say are rich in the Marcellus shale. They include Aqua Terra, Hawkins Pond ... (Source: WBNG-TV 2010-09-21T04:32:29Z)

Inflection makes another offer for Broome County Marcellus Shale leases

BINGHAMTON -- Broome County officials are set to announce today a new $7.8 million offer ... Unlike Inflection's July offer, Aqua Terra, Hawkins Pond and Cole Park are all excluded from the deal. The July offer paid ... (Source: Press & Sun-Bulletin 2010-09-20T19:49:56Z)

Constellation Energy Buys CPower: More Deals to Come?

Constellation Energy (CEG, a large, diversified power producer, has bought demand response specialist CPower. CPower has often been the third banana in demand response. EnerNoc has been the leader in ... (Source: Seekingalpha.com 2010-09-20T08:44:12Z)

Amazon's Practice Run at Netflix

Amazon.com (Nasdaq: AMZN ) is in love with Lovefilm -- and it doesn't want to share it with anybody else. The Sunday Times is reporting that the leading online retailer has made a buyout offer for the ... (Source: The Money Times 2010-09-21T03:56:41Z)

Cessna strike would have hurt whole city

The Wichita area dodged what could have been a costly strike when the Machinists union at Cessna Aircraft rejected a work stoppage on Saturday. A strike would have had a ripple effect in the community ... (Source: Kansas City Star 2010-09-21T03:13:44Z)

Scarlet Knights Game Preview - North Carolina

Rutgers returns to action after a bye week as the Scarlet Knights host ACC-foe North Carolina on Saturday, Sept. 25 at Rutgers Stadium. With a win vs. the Tar Heels, Rutgers would be 3-0 to start the ... (Source: R Scarlet Knights 2010-09-20T14:42:07Z)

Amazon Said to Be in Bid for Whole of Lovefilm

Amazon, the world's largest online retailer, has made a takeover offer for movie-rental firm Lovefilm , which values it at close to £200 million ($312 million), The Sunday Times reported, without citing ... (Source: New York Times Blogs 2010-09-20T09:12:50Z)

North Carolina suspensions offer Rutgers head coach Greg Schiano element of unknown

PISCATAWAY — The Rutgers football team has quite the workload this week. The Scarlet Knights have to prepare for 'North Carolina A' and 'North Carolina B' — North Carolina with Marvin Austin ... (Source: Trentonian 2010-09-21T05:22:35Z)

Conlin criticizes Grassley at Des Moines event

... Roxanne Conlin criticized opponent Chuck Grassley on Social Security, gay rights and women's issues Sunday in an "empty chair" debate ... friendly crowd of 150 at the Des Moines Public Library to oust the ... (Source: Des Moines Register 2010-09-20T07:46:56Z)

Machinists urge strike at Cessna

WICHITA — The Machinists union at Cessna Aircraft in Wichita is recommending that members reject the company's seven-year contract offer and authorize a strike. The union received the offer Tuesday ... (Source: Topeka Capital-Journal 2010-09-15T00:07:35Z)

Amazon In Talks to Buy Out UK's Lovefilm

Amazon is reportedly looking to buy U.K.-based video rental firm Lovefilm in a deal that would value it at £200 million ($312 million), according to a report in the Sunday Times ( cited by Reuters ... (Source: Newteevee.com 2010-09-20T15:32:14Z)

County Receives 2nd Offer From Gas Company

The land excluded from the deal includes Cole Park, Aqua Terra and Hawkins Pond along with ... It's for less acreage and less money, but Broome County is looking at another offer to lease its land for natural gas ... (Source: FOX 40 News WICZ TV 2010-09-21T02:59:25Z)

Iowa's U.S. Senate race: Roxanne Conlin has debate stage all to herself

... Roxanne Conlin criticized opponent Chuck Grassley on Social Security, gay rights and women's issues Sunday in an "empty chair" debate ... friendly crowd of 150 at the Des Moines Public Library to oust the five ... (Source: Des Moines Register 2010-09-21T09:25:58Z)

Casey's General Stores maintains Couche-Tard's $2.03B acquisition offer is too low

ANKENY, Iowa (AP) — Casey's General Stores Inc. says that it sent a letter to Alimentation Couche-Tard Inc. maintaining that the Canadian company's approximately $2.03 billion takeover offer is too low ... (Source: Chicago Tribune 2010-09-14T18:23:59Z)

UPDATE 1-RAE Systems to sell itself for $95 mln

Sept 20 (Reuters) - RAE Systems Inc ( RAE.A ), a provider of gas detection systems, said it agreed to be bought by venture capital firm Battery Ventures for about $95.1 million in a cash deal. Battery ... (Source: Reuters 2010-09-20T12:47:35Z)

Deals of the day -- mergers and acquisitions

Buyout firm Silver Lake agreed to buy a minority stake in Brazilian Web hosting company Locaweb for an undisclosed sum, to tap explosive growth in the world's fifth-largest Internet market. (Compiled by Tina Kwan in ... (Source: The Guardian 2010-09-20T04:05:02Z)

Casey's General Stores (CASY) Sends Letter to Alimentation Couche-Tard; "$38.50/Share Offer ...

Casey's General Stores (Nasdaq: CASY ) CEO Robert J. Myers sent the following letter to Alimentation Couche-Tard Inc. CEO Alain Bouchard: "Dear Mr. Bouchard: I am writing in regards to your September 10th letter to ... (Source: StreetInsider.com 2010-09-14T17:33:53Z)

Iowa News Update: FBI records detail surveillance of Iowa groups

... empty chair' debate DES MOINES, Iowa (AP) — Democrat Roxanne Conlin says voters were the ... empty chair" debate Sunday before a crowd of 150 at the Des Moines Public Library. She criticized Grassley on Social ... (Source: Ames Tribune 2010-09-20T15:53:42Z)

Silver Lake Takes Stake in Brazil's Locaweb

Private a equity firm Silver Lake has bought a minority stake in Brazil's largest provider of hosting and cloud computing services, the companies said today. Silver Lake Sumeru, the middle-market ... (Source: Data Center Knowledge 2010-09-20T12:54:45Z)

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