PE Week Wire - Friday, July 23
Summary
In announcing its offer, the Ft. Worth, Texas-based firm said that former Oregon Governor Neil Goldschmidt would serve as PGE’s chairman, and that the investor group also would include Portland developer Tom Walsh and Seattle-based Gerald Grinstein, who since has been named CEO of Atlanta-based Delta Airlines. www.dexmedia.com Silver Lake Partners has agreed to invest $500 million into Thomson (NYSE: TMS), a Cedex, France-based provider of integrated solutions covering technologies, equipment and services for the entertainment and media industries. I promise that both I and my computer will do better tomorrow… The U.S. House of Representatives yesterday voted 312-111 (198 Republicans and 111 Democrats) to pass HR 3674, blocking an FASB proposal that would require publicly-traded companies to record all forms of share-based payments as expenses (including stock options). The deal is valued at approximately $2.2 billion, and includes yearbook and class ring provider Jostens Inc., textbook publisher Von Hoffman Corp. and magazine perfume ad printer Arcade Marketing. www.premierfoods.co.uk Locus Pharmaceuticals Inc. of Blue Bell, Pa has acquired Protein Mechanics Inc., a Mountain View, Calif.-based drug discovery company focused of simulation technology for the design of small molecule therapeutics.
