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Mergers & Acquisitions

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Cousins Properties Incorporated (CUZ) and Parkway Properties, Inc. (PKY) announced they have entered into a definitive agreement for a stock-for-stock merger and the simultaneous spin-off of the Houston-based assets of both companies into a new publicly-traded REIT. Upon completion of the spin-off, Cousins...

KeyCorp (KEY) and First Niagara Financial Group, Inc. (FNFG) announced they have reached an agreement with Northwest Bank, a wholly-owned subsidiary of Northwest Bancshares, Inc. (NWBI), to sell 18 branches in the Buffalo Federal Reserve banking market totaling $1.7 billion in deposits and $0.5 billion...

RadissonHotel-042816.jpg A unit of Chinese conglomerate HNA Group has agreed to buy Carlson Hotels, the owner of the Radisson hotel chain, the two companies said Wednesday. Financial terms of the transaction were not disclosed. But Bloomberg had earlier reported, citing people with knowledge of the matter, that the deal could be worth $2 billion.

Medivation, Inc. (MDVN) confirmed it has received an unsolicited, non-binding proposal from Sanofi to acquire all outstanding shares of the company common stock for $52.50 in cash. Medivation said its stockholders are advised to take no action at this time. Medivation said its Board, with the assistance...

New Media Investment Group Inc. (NEWM) reported a turnaround to profit in the first quarter on double-digit revenue growth. Earnings per share for the quarter beat analysts' estimates, while revenues missed their estimates. For the first quarter, the company's net income was $4.97 million or $0.11...

Business software giant Oracle Corp. (ORCL) announced that it has entered into a definitive agreement to acquire Textura Corp. (TXTR), a provider of construction contracts and payment management cloud services, for $26.00 per share in cash. The transaction is valued at approximately $663 million, net...

Cypress Semiconductor Corp. (CY) and Broadcom Limited (AVGO) announced the signing of a definitive agreement under which Cypress will acquire Broadcom's Wireless Internet of Things (IoT) business and related assets in an all-cash transaction valued at $550 million. Cypress will acquire Broadcom's Wi-Fi,...

Abbott (ABT) and St. Jude Medical, Inc. announced a definitive agreement for Abbott to acquire St. Jude Medical. Under the agreement, St. Jude Medical shareholders will receive $46.75 in cash and 0.8708 shares of Abbott common stock, representing total consideration of approximately $85 per share. This...

Mining company Anglo American Plc (AAUKY.PK, AAL.L) announced Thursday that it has reached agreement with China Molybdenum Co. Ltd to sell its Niobium and Phosphates businesses for a total cash consideration of $1.5 billion. Anglo American intends to use the proceeds to reduce its level of debt. The...

Questar (STR) announced the company and Dominion Resources continue to make progress on the pending merger. A special meeting of shareholders has been scheduled for May 12, 2016, to consider and vote on the proposal to approve the merger. Questar and Dominion have filed for review and approval, if...

Ally Financial Inc. (ALLY) today reported first-quarter net income of $250 million or $0.49 per share, down from $576 million or $1.06 per share in the year-ago period, which included a one-time gain of $397 million from discontinued operations resulting from the completed sale of the Chinese auto finance...

While reporting its first-quarter financial results today, Hershey Co. (HSY) said it has acquired Ripple Brand Collective, LLC, a privately held company based in Congers, New York, that owns the barkTHINS snacking chocolate brand. Terms of the deal were not disclosed. The barkTHINS brand is largely...

Canadian low-cost gold producer Eldorado Gold Corp. (ELD.TO, EGO) announced Tuesday that it has reached an agreement to sell its 82 percent interest in the Company's Jinfeng mine to a unit of China National Gold Group for $300 million in cash, subject to certain closing adjustments. The transaction...

Zimmer Biomet Holdings, Inc. (ZBH) announced an agreement to acquire Scottsdale, Arizona-based Cayenne Medical, Inc. Cayenne Medical designs, develops and markets technically advanced soft tissue reconstruction solutions for the knee, shoulder and extremities. The financial terms of the deal were not...

Tribune Publishing Co. (TPUB) confirmed that it has received an unsolicited proposal, with numerous contingencies, from publishing company Gannett Co., Inc. (GCI) on April 12, 2016 to acquire all outstanding shares of Tribune Publishing common stock for $12.25 per share in cash. Shares of Tribune are...

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