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Mergers & Acquisitions

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Comcast Corp. (CMCSA) announced its pre-conditional superior cash offer for the entire issued and to be issued share capital of Sky plc (BSY.L, SKY.L). Sky shareholders will be entitled to receive 12.50 pounds in cash for each Sky share. Sky shareholders shall be entitled to receive any final dividend...

Shire plc (SHPG, SHP.L) said its Board has received a revised proposal from Takeda regarding a possible offer for the company on 24 April 2018. Shire plc said the Board is considering its position. Previously, Shire received a fourth proposal on 20 April 2018 regarding a possible offer for the company....

Pebblebrook Hotel Trust (PEB) issued a letter to the Board of Trustees of LaSalle Hotel Properties (LHO) in which Pebblebrook provided a final merger proposal. The company said the non-binding proposal for 100% of LaSalle's outstanding common shares represented a implied price of $32.49 per LaSalle common...

Mitel (MITL, MNW.TO) announced a definitive arrangement agreement under which the company will be acquired by an investor group led by affiliates of Searchlight Capital Partners, L.P. in an all-cash transaction valued at approximately $2.0 billion, including Mitel's net debt. Mitel shareholders will...

Whirlpool Corp (WHR) said it has entered into an agreement to sell its Embraco compressor business to Nidec Corp. (NJDCY.PK) for a cash purchase price of $1.08 billion, subject to customary working capital and indebtedness adjustments. The transaction is expected to close in early 2019. Whirlpool...

Swedish bank Nordea Bank AB (NRDEF.PK) announced Tuesday that the Finnish credit information company Asiakastieto Group Plc has entered into an agreement with all owners of UC AB, including Nordea, to acquire UC at a price amounting to about 340 million euros. Nordea owns 26.1 % of the shares in UC...

Petrofac Limited (POFCF.PK, POFCY.PK, PFC.L), an oil and gas industry service provider, Tuesday announced that Petrofac International (UAE) LLC has signed an agreement to sell the JSD6000 project to Shanghai Zhenhua Heavy Industries Co Ltd or ZPMC. The transaction comprises the sale of all JSD6000...

QinetiQ Group plc (QQ.L), a defense, security and aerospace company, announced Tuesday that it has entered into an agreement to acquire German airborne training services provider E.I.S. Aircraft Operations for 70 million euros on a cash-free, debt-free basis. Aircraft Operations is currently part...

McDermott International, Inc. (MDR) confirmed its Board rejected an unsolicited, non-binding proposal received from Subsea 7 S.A. to acquire all of the outstanding shares of McDermott common stock for $7.00 per share, payable entirely in cash or up to 50 percent in Subsea 7 stock and the balance in cash....

Humana Inc. (HUM), TPG Capital, Welsh, Carson, Anderson & Stowe (collectively, the Consortium) announced a definitive agreement to acquire privately held Curo Health Services, a hospice operator providing care to patients at 245 locations in 22 states, for approximately $1.4 billion, in which Humana...

Henry Schein, Inc. (HSIC) and Vets First Choice announced plans for Henry Schein to spin off its Animal Health business and merge it with Vets First Choice. The new company will be called Vets First Corp. Immediately following a spin-off from Henry Schein, Henry Schein Animal Health will combine with...

toys-r-us-042018.jpg Canadian investment firm Fairfax Financial Holdings Ltd. has submitted a "stalking horse" bid worth C$300 million, or $237 million, for the Canadian unit of Toys "R" Us, according to court documents. A stalking horse bid is an initial bid on the assets of a bankrupt company. The bankrupt company will choose an entity from a pool of bidders who will make the first bid on its assets.

TransUnion (TRU), a global risk and information solutions provider, announced Friday it agreed to acquire Callcredit Information Group, Ltd., from private equity firm GTCR for 1.0 billion British pounds or about $1.4 billion in an all-cash deal as part of its international expansion plans. TransUnion...

Square, Inc. (SQ) announced it has acquired certain assets of Zesty, a catering platform. The company said the addition of Zesty will enable Caviar, Square's food ordering platform, to strengthen and scale its growing corporate ordering business, Caviar for Teams. The company said, with Zesty, Caviar's...

Qualcomm Inc. (QCOM) announced that the company and NXP Semiconductors N.V. (NXPI), at the request of the Ministry of Commerce in China (MOFCOM), have withdrawn and refiled the notice of acquisition regarding the companies' planned combination. NXP and Qualcomm River Holdings B.V., an indirect subsidiary...

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