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Mergers & Acquisitions

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Electronics retailer Best Buy Co. Inc. (BBY), Wednesday said it has agreed to buy GreatCall Inc. for $800 million in cash. GreatCall is a provider of connected health and personal emergency response services to the aging population, with more than 900,000 paying subscribers. It offers easy-to-use...

constellationbrands-081518.jpg Brewer Constellation Brands Inc. will invest C$5 billion, or $4 billion, in Canadian cannabis company Canopy Growth Corp. as part of an expansion of the two companies' strategic partnership, the companies said Wednesday. Canopy Growth is Canada's largest medical marijuana producer. Shares of Canopy Growth are gaining more than 27 percent in the regular trading.

Cabot Microelectronics Corp. (CCMP) said it has agreed to acquire KMG Chemicals, Inc. (KMG), a provider of specialty chemicals and performance materials, in a cash and stock transaction with a total enterprise value of about $1.6 billion. This is inclusive of KMG's net debt. Under the terms of the...

Diamondback Energy Inc. (FANG) Tuesday said it has agreed to buy Energen Corp. (EGN) in an all-stock transaction deal valued at about $9.2 billion. The deal includes Energen's net debt of $830 million as of June 30, 2018. The stock consideration will consist of 0.6442 shares of Diamondback for...

tesla-elon-musk-081418.jpg Luxury electric car maker Tesla, Inc. said Tuesday that its board of directors has formed a special committee to evaluate CEO Elon Musk's previously announced consideration of a transaction to take the company private. Tesla said that the special committee, comprised of three independent directors, has not yet received a formal proposal from Musk regarding any going private transaction.

Perry Ellis International (PERY) said that the special committee of its board of directors, which comprises the independent directors, confirmed it has terminated discussions with privately-held Randa Accessories Leather Goods LLC with respect to its revised, non-binding, unsolicited proposal to acquire...

Expedia Group, Inc. (EXPE) Tuesday announced the purchase of AirAsia's remaining 25 percent equity interest in AAE Travel Pte. Ltd. for $60 million. Since 2015, Expedia Group has been holding 75 percent equity in the joint venture formed by the two firms in March 2011. As per the agreement, AirAsiaGo.com...

VF Corp. (VFC) is exploring strategic options for its denim business that could include a sale or spin off of the classic American brands, the Wall Street Journal reported, citing people familiar with the situation. The apparel conglomerate has owned Wrangler and Lee for decades and they were once...

Lydall, Inc. (LDL), a provider of specialty engineered products for the thermal/acoustical and filtration/separation markets, announced late Thursday that it has entered into an agreement to acquire Interface Performance Materials for $265 million in cash. The acquisition is expected to be accretive...

Daniel Loeb's Third Point LLC has acquired 17 million shares in Campbell Soup Co. (CPB) for $686.44 million, according to a Form 13-D filing with the U.S. SEC. Third Point LLC disclosed in a regulatory filing that it believes that the only justifiable outcome of the strategic review is for Campbell...

WSFS Financial Corp. (WSFS) and Beneficial Bancorp, Inc. (BNCL) said that that the two companies have agreed to combine in a transaction valued at about $1.5 billion. Concurrently with the acquisition, Beneficial Bank, the wholly owned subsidiary of Beneficial, will merge into WSFS Bank, a wholly...

Tokyo-based ORIX Corp.'s (IX) wholly owned subsidiary ORIX Aviation Systems, agreed Wednesday to acquire a 30 percent stake in Dublin-based plane lessor Avolon Holdings from Bohai Capital for $2.2 billion, valuing Avolon at $23.7 billion. The deal is expected to complete in the fourth quarter of 2018. The...

Swedish home appliances giant Electrolux AB (0MDT.L, 0GQ1.L, ELUXY.PK) announced Wednesday that it has divested its U.S.-based commercial and central vacuum cleaner businesses in North America, including the brands Sanitaire and BEAM. The decision is in line with the strategy of the business area...

carl--cahn-cigna-080718.jpg Billionaire investor Carl Icahn has urged Cigna Corp. shareholders to vote against the health insurer's acquisition of Express Scripts Holding Co., saying that Cigna is "dramatically overpaying for a highly challenged Express Scripts that is facing existential risks on several fronts." He added that Cigna's investment in Express Scripts "may well rival the worst acquisitions in corporate history."

While reporting its second-quarter financial results today, ANI Pharmaceuticals Inc. (ANIP) said it has acquired WellSpring Pharma Services Inc. for $18 million in cash, to expand its contract manufacturing business. WellSpring Pharma is a contract development and manufacturing organization or CDMO,...

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