H&F To Acquire Catalina Marketing

Hellman & Friedman has agreed to acquire Catalina Marketing Corp. (NYSE: POS) for $1.7 billion (including $136 million of assumed debt). The $32.50 per share offer is $0.40 higher than an earlier buyout offer for Catalina from ValueAct Capital. Goldman Sachs is advising Catalina on the sale, while H&F has received financing commitments from Bear Stearns and Morgan Stanley. www.hf.com www.catalinamarketing.com