Tuesday, May 13, 2008

MERGERS & ACQUISITIONS

Intercell, an Austrian vaccine maker that works with Novartis and Merck, agreed to buy Iomai of Gaithersburg for $189 million. The Viennese firm will pay $6.60 for each Iomai share to expand its late-stage production pipeline, Intercell said.

Trace Systems, a systems integrator and technical services firm in McLean, said it bought TCP Network Solutions of Eatontown, N.J. TCP provides services to the Army and others.

Wexford Group International, a subsidiary of CACI International of Arlington, said it has been awarded a five-year contract by the Defense Department's Joint Improvised Explosive Device Defeat Organization. Wexford is one of four companies in the deal.

Compiled from reports by Washington Post staff writers, the Associated Press and Bloomberg News.