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Mergers & Acquisitions

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Grand Canyon Education, Inc. (LOPE), a publicly traded shared services partner dedicated to serving colleges and universities, said Tuesday that it has agreed to acquire education services company Orbis Education Services, LLC, for $362.5 million in cash. Orbit Education Services supports healthcare...

SkyWest, Inc. (SKYW) said Tuesday that it has entered into definitive agreements to sell ExpressJet Airlines, Inc. to United Airlines (UAL) joint venture ManaAir, LLC. According to SkyWest, consideration for the transaction includes about $70 million in cash for the majority of the assets and the...

Networking-equipment maker Cisco Systems Inc. (CSCO) said Tuesday that it intends to acquire privately-held Luxtera, Inc, a semiconductor company based in Carlsbad, California that uses silicon photonics to build integrated optics capabilities for webscale and enterprise data centers, service provider...

Rent-A-Center, Inc. (RCII) announced that the company has terminated the agreement and plan of merger by and among the company and certain affiliates of Vintage Capital Management, LLC. Rent-A-Center did not receive an extension notice from Vintage Capital as of December 17, 2018, which was the deadline...

Magna International Inc. (MGA, MG.TO) announced it signed an agreement to acquire VIZA Geca SL of Spain. VIZA, with current customers including VW, PSA and Renault Nissan, has a portfolio of products including patented floor-latch systems and foldable seats. Magna said, once the deal is approved,...

Nasdaq Inc. (NDAQ) announced Tuesday that its unit Nasdaq Technology AB has increased the consideration to acquire Cinnober Financial Technology Aktiebolag. Nasdaq Technology now offers SEK 87 in cash for each share and SEK 121 in cash for each warrant in Cinnober. On September 14, Nasdaq Technology...

Royal Dutch Shell Plc (RDS-B, RDSB.L, RDSA.L, RDS-A) is in talks to buy Endeavor Energy Resources LP for about $8 billion, Bloomberg reported citing people familiar with the matter. The amount is said to be much less than the $15 billion the Texas oil producer was expecting to fetch in a sale. As...

T-Mobile US, Inc. (TMUS) and Sprint Corp. (S) announced late Monday that they have successfully received approval from the Committee on Foreign Investment in the United States or CFIUS for their proposed merger transaction. Additionally, the U.S. Department of Justice, Department of Homeland Security,...

Canada-based convenience store operator Alimentation Couche-Tard Inc. (ANCUF.PK, ATD_B.TO, ATD_A.TO), through its wholly-owned subsidiary Circle K Stores Inc., and CrossAmerica Partners LP (CAPL) on Monday announced an agreement to exchange assets in a series of transactions. CrossAmerica is a wholesale...

lvmh-belmond-121418.jpg French luxury group LVMH Moët Hennessy Louis Vuitton has agreed to acquire Belmond Ltd. for an equity value of $2.6 billion, the companies said Friday. Belmond is a London-based owner and operator of 46 luxury hotel, restaurant, train and river cruise properties. Shares of Belmond are gaining 40 percent in the regular trading session.

ge-servicemax-121318.jpg Shares of General Electric Co. are rising more than 10 percent on Thursday after the industrial conglomerate said it plans to establish a new, independent company focused on building a comprehensive Industrial Internet of Things or IIoT software portfolio. In addition, longtime bearish analyst Stephen Tusa of J.P. Morgan upgraded shares of GE to neutral.

SoftBank Group Corp. is planning to sell its stake in Nvidia Corp. (NVDA) early next year as shares in chipmaker continue to slide, the Bloomberg reported, citing people familiar with the matter. The Japanese investor could make about $3 billion in profit from the trade, the report stated. No final...

Berkshire Hills Bancorp Inc. (BHLB) Tuesday said it agreed to buy SI Financial Group Inc. (SIFI) and its subsidiary Savings Institute Bank and Trust Company in an all-stock transaction valued at $180 million. Berkshire's total assets will increase to $13.6 billion including the $1.6 billion in acquired...

Horace Mann Educators Corp. (HMN) Monday said it has agreed to acquire National Teachers Associates Life Insurance Company for $405 million. National Teachers Associates is a provider of supplemental insurance products to the education market with nearly 50 years of experience. For the 12 months ended...

Travelport Worldwide Limited (TVPT) announced a definitive agreement to be acquired by affiliates of Siris Capital Group, LLC and Evergreen Coast Capital Corp. in an all-cash transaction valued at approximately $4.4 billion. Evergreen is the private equity affiliate of Elliott Management Corp. Siris...

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