P.E.I., which is privately held, raked in cash.
On NYSE, Rayovac Corp. rov was up 1/16 at 27 9/16 after it said it has agreed to acquire privately held ROV Limited for cash and stock totaling $120 million, and expects the acquisition to be accretive to earnings in the first year.
He contended that Ryze, which has operated for less than three years and is privately held, is "quite solidly cash flow positive".
The chain is one of a growing band of privately held retailers looking to cash in on buoyant equity markets with Appliances Online, Phones4U, Card Factory and Pets at Home among the other hopefuls.
The telecommunications equipment maker SDL Inc. said yesterday that it had signed an agreement to acquire the privately held Photonic Integration Research Inc. in a cash-and-stock deal valued at $1.8 billion.
The near evaporation of new-issue funding is tough on privately held companies in need of cash and private equity firms in need of an escape hatch.
Borland Software said yesterday that it would acquire the privately held TogetherSoft Corporation for $185 million in cash and stock.
The purchase price for privately held iPlace includes $70 million in cash, with the rest in Homestore stock.
CoreComm Ltd., a telecommunications service provider, agreed yesterday to buy the privately held ATX Telecommunications Services Inc. for $900 million in cash and stock.
Xstrata's founding 35% shareholder Glencore, a privately held trading firm, lacks the cash to take part in the $5.9 billion rights issue.
RSA Security, a provider of Internet security software, on Monday said it acquired privately held PassMark Security in a cash and stock deal valued at about $44.7 million.
