Savient Pharmaceuticals To Sell Manufacturing Business to Ferring
East Brunswick’s Savient Pharmaceuticals said last Wednesday it would sell its global biologics manufacturing business for $80 million to Ferring B.V. and Ferring International Centre, subsidiaries of specialty biopharmaceutical company Ferring Holding of Switzerland. Wilmer Cutler Pickering Hale and Dorr attorneys David Redlick, Steven Barrett (Boston) and Graham Robinson (New York) represent Savient. Ferring is advised by its general counsel, Patricia Barclay.
Florham Park’s Global Crossing Selling Business Unit for $40.5M
Global Crossing of Florham Park, an Internet protocol-based telecommunications carrier, announced last Monday it would sell its small business group to Matrix Telecom of Dallas, a telecommunications provider to the small- and medium-sized enterprise market, for $40.5 million.
Able Energy of Rockaway To Pay $30M For All American Plazas
Able Energy Inc. of Rockaway announced March 4 it would pay $30 million for All American Plazas Inc. of Myerstown, Pa., an owner and operator of convenience store, gasoline and restaurant centers. Able Energy distributes heating oil and other fuels.
Vital Signs Pays $10M for Airway Device Business
Totowa’s Vital Signs Inc. announced March 2 it paid $10 million for the disposable airway management device business of Baxter International Inc. of Deerfield, Ill., a maker of biological products. Vital Signs makes disposable medical products for use in anesthesia, critical care and respiratory procedures.
DDSI Buys CGM Security Solutions
Digital Descriptor Systems Inc. of Sea Girt announced March 3 it paid $5 million for Somerset’s CGM Security Solutions Inc., a maker of security products. DDSI makes and supports integrated enterprise-wide image applications designed for criminal justice organizations. Gregory Sichenzia, David Schiff and Thomas Rose of New York’s Sichenzia Ross Friedman Ference represent DDSI. Somerset’s Joseph Tomasek represents CGM.
Compiled by Amy E. Rice from Thomson Financial and other sources