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Benzinga's M&A Chatter for Tuesday May 8, 2012

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday May 8, 2012:

Georgia Gulf Accelerates Expiration of Stockholder Rights Plan

The Plan:
Georgia Gulf Corporation (NYSE: GGC) announced Tuesday that on May 7, 2012 the company's board of directors authorized the acceleration of the expiration date of the stockholder rights plan, originally scheduled to expire on December 31, 2012. The stockholder rights plan will be amended to accelerate the expiration date to May 9, 2012.

Georgia Gulf closed at $32.50 Tuesday, a gain of 1.63% on twice the average daily volume.

FICO Acquires Entiera

The Deal:
FICO (NYSE: FICO) announced Tuesday it has acquired Entiera Inc., an innovative provider of customer dialogue management solutions based in Denver. Combining FICO's industry-leading predictive analytics with Entiera's SaaS-delivered, multi-channel campaign management platform will give marketers an unmatched solution for customer-centric 1:1 marketing. The transaction has closed, and terms are not being disclosed.

FICO closed at $41.83 Tuesday, a 0.63% gain on slightly more than the average daily volume.

Crosstex Energy Agrees to Acquire Clearfield Energy

The Deal:
The Crosstex Energy companies, Crosstex Energy, L.P. (NASDAQ: XTEX) and Crosstex Energy, Inc. (NASDAQ: XTXI) announced Tuesday the Partnership has signed a definitive agreement to acquire privately held Clearfield Energy, Inc. for approximately $210 million in cash at closing subject to certain adjustments. Clearfield is a 125-year-old crude oil, condensate and water services company with operations in Ohio, Kentucky and West Virginia. Clearfield currently moves approximately 30 percent of the oil production in Ohio and provides a solid entry into the Utica Shale play where major producers have acquired significant acreage positions. This acquisition is expected to be immediately accretive to distributable cash flow.

Crosstex Energy closed at $15.07 on Tuesday, a gain of 7.03% on average volume.

Arthur J. Gallagher & Co. Acquires 78.5% Interest in Insurance Dialogue Limited

The Deal:
Arthur J. Gallagher & Co. (NYSE: AJG) announced that it has acquired a 78.5% interest in Insurance Dialogue Limited of Bournemouth, England. Terms of the transaction were not disclosed.

Arthur J. Gallagher closed at $36.22 on Tuesday, a loss of 0.39% on 1.38 times the average daily volume.

Iron Mountain Acquires Information Storage Companies in Fredericksburg, VA, Columbia, SC and Philadelphia, PA

The Deal:
Iron Mountain Incorporated (NYSE: IRM) has expanded its customer base and increased the company's coverage area by acquiring records storage firms File House Offsite Record Storage in Fredericksburg, VA., and Document Systems Inc. in Columbia, SC and offsite data protection provider First National Safe Deposit in the Philadelphia area. Terms of the deals were not disclosed.

Iron Mountain closed at $31.34 on Tuesday, a loss of 1.38% on slightly less than the average daily volume.

Posted-In: Long Ideas News Short Ideas Rumors M&A After-Hours Center Movers Trading Ideas


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