Mergers & Acquisitions

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Private equity firm Clayton, Dubilier & Rice will invest $500 million in commercial helicopter services provider CHC Group Ltd. (HELI) through the purchase of convertible preferred shares to be issued in a private placement, the two companies said late Thursday. CHC Group noted that the deal will enable...

CHC Group Ltd. (HELI) announced definitive agreements for Clayton, Dubilier & Rice managed funds to invest $500 million in the company through the purchase of convertible preferred shares to be issued in a private placement. CHC plans to use proceeds from the investment primarily to reduce debt and...

Specialty technology products distributor ScanSource, Inc. (SCSC) reported Thursday a profit for the fourth quarter compared to a loss last year, which was weighed down by hefty impairment charges. Adjusted earnings per share topped analysts' expectations by a penny. The company also provided earnings...

Recasts earlier headline: Discount retailer Dollar General Corp (DG) Thursday affirmed its commitment to acquire Family Dollar Stores Inc (FDO), which earlier today rejected Dollar General's takeover bid on antitrust concerns. "We are disappointed that the Family Dollar Board of Directors has...

Cirrus Logic, Inc. (CRUS) said THursday that it has completed its acquisition of Wolfson Microelectronics Plc. In late April, Cirrus Logic agreed to buy Wolfson Microelectronics for 235 pence per share in cash. The acquisition valued the entire issued and to be issued ordinary share capital of Wolfson...

FamilyDollar-082114.jpg Family Dollar Stores, Inc., one of the largest retail discount chain in the U.S., announced Thursday that its board has unanimously rejected the non-binding proposal made by larger discount retailer Dollar General Corp., on the basis of antitrust regulatory considerations. Meanwhile, the board unanimously reaffirmed its recommendation in support of the merger agreement with Dollar Tree, Inc.

EveryWare Global, Inc. (EVRY) Thursday said its wholly-owned subsidiary Oneida International has entered into an agreement to sell its United Kingdom business to HUK 54 Limited. EveryWare said it will retain all rights to the brands ONEIDA, Anchor Hocking, and Sant' Andrea. Sam Solomon, Chief...

DollarTree-082114.jpg Discount retailer Dollar Tree, Inc., which agreed to buy Family Dollar Stores, Inc., reported Thursday a profit for the second quarter that declined from last year, despite improved sales at established stores, reflecting lower gross margins. Adjusted earnings per share missed analysts' expectations by a penny, while quarterly sales topped their estimates.

Duke LifePoint Healthcare, a joint venture of Duke University Health System, Inc. and LifePoint Hospitals, Inc. (LPNT), said Thursday that it has agreed to acquire Conemaugh Health System. The financial terms of the deal exceed $500 million. Conemaugh Health System is the largest healthcare provider...

Wabtec Corp. (WAB) announced it has acquired Dia-Frag, a manufacturer of friction products in Brazil. Based in Monte Alto, Dia-Frag manufactures friction products for various markets, with a focus on motorcycle braking equipment. Dia-Frag has about 300 employees and a 15,000-square-meter production...

Family Dollar Stores, Inc. (FDO) announced its Board has unanimously rejected the non-binding proposal made by Dollar General Corp. (DG) on the basis of antitrust regulatory considerations. The Family Dollar Board also unanimously reaffirmed its recommendation in support of the merger agreement with...

Duke LifePoint Healthcare announced it has signed a definitive agreement to acquire Conemaugh Health System. The company said the financial terms exceed $500 million and include a commitment by Duke LifePoint to invest $425 million in Conemaugh's services and facilities over the next 10 years. Duke LifePoint...

Assura Group Limited (AGR.L), a UK-based primary care property investor and developer, announced Thursday that it has acquired the freehold of Leylands Medical Centre, Bradford and contracted to forward purchase a medical centre development in Danbury, Essex. Assura acquired the property in Bradford...

EVO Business Supplies Ltd., a newly incorporated company owned by the Endless III Funds that are managed by Endless LLP has agreed to acquire the entire issued and to be issued ordinary share capital of Office2office PLC (OFF.L). Under the agreement, each scheme shareholder will be entitled to receive...

Dollar General Corp. (DG) announced it has sent a letter to the board of directors of Family Dollar Stores, Inc. (FDO). Dollar General noted that Family Dollar's Form S-4, on the background of current merger agreement with Dollar Tree (DLTR), failed to mention that Dollar General representatives have...