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Mergers & Acquisitions

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virginamerica-032317.jpg Alaska Air Group Inc., which completed its $2.6 billion acquisition of Virgin America last year, said that the combined company will adopt Alaska Air's name and logo. The Virgin America name will be retired, "likely sometime in 2019," the airline added.

Apple-workflow-032317.jpg Apple Inc. has agreed to acquire Workflow, an iOS app for automating tasks, as well as its development team for an undisclosed sum. Workflow is a personal automation tool that enables the user to drag and drop combination of actions to create workflows for the iPhone, iPad and Apple Watch.

Superior Industries International, Inc. (SUP) announced it will commence a tender offer for 100% of the outstanding shares of UNIWHEELS AG on March 23, 2017. The owner of 61% of UNIWHEELS' outstanding shares, UNIWHEELS Malta, has irrevocably agreed to tender its shares. UNIWHEELS Malta will receive cash...

Epiris Managers LLP, acting on behalf of its client Electra Private Equity PLC.(ELTA.L), announced Thursday that it has sold Electra's remaining stake in Allflex Corp. to an existing shareholder. Electra has received proceeds of 70.3 million pounds from the sale, an uplift of 1.5 million pounds...

Coatings and specialty products maker PPG Industries Inc. (PPG) said it made a revised proposal on March 20, 2017 to acquire Dutch paints and chemicals maker Akzo Nobel N.V. (AKZOY.PK, AKZOY) for 90.00 euros (cum dividend) per ordinary share, comprised of cash of 57.50 euros and 0.331 share of PPG common...

AkzoNobel N.V. (AKZOY.PK, AKZOY) announced it has rejected a second unsolicited, non-binding and conditional proposal of 20 March from PPG Industries Inc. for all of the issued and outstanding ordinary shares in the capital of AkzoNobel. The revised proposal represents a value of 88.72 euros (adjusted...

Marathon Oil Corp. (MRO) announced Tuesday the signing of a definitive agreement to acquire approximately 21,000 net surface acres largely in the Permian's Northern Delaware basin of New Mexico from Black Mountain Oil & Gas and other private sellers for $700 million in cash, excluding closing adjustments. The...

Shares of CLS Holdings PLC (CLI.L) gained around 4 percent in the early morning trading in London after the company announced Tuesday that it has exchanged contracts to acquire a multi-let office property in Perlach, in the south-east of Munich, Germany, for 15.3 million euros. Network Perlach, Unterhachinger...

Arthur J. Gallagher & Co. (AJG) announced the acquisition of Springfield, Illinois-based Nicoud Insurance Services. Terms of the deal were not disclosed. Nicoud Insurance Services is a property/casualty broker and employee benefit consultant providing a broad range of coverages and services to commercial...

Capitol Acquisition Corp. III (CLAC), a public investment vehicle, and Cision, a media communication technology and analytics company, announced Monday that they have entered into a definitive agreement in which Cision will become a publicly listed company. The combined company will have an anticipated...

vodafone-idea-032017.jpg British telecom major Vodafone Group PLC on Monday reached an agreement to merge most of its India subsidiary with India-based Idea Cellular Ltd. The implied enterprise value is $23.2 billion, comprising $12.4 billion for Vodafone India and $10.8 billion for Idea excluding its stake in Indus Towers. The combination is expected to create India's largest telecoms operator.

Vodafone Group Plc (VOD.L) and Idea Cellular announced an agreement to combine their operations in India. Vodafone will own 45.1% of the combined company after transferring a 4.9% stake to the Aditya Birla Group for $579 million in cash, concurrent with completion of the merger. The Aditya Birla Group...

Unilever-Stork-Flora-032017.jpg Unilever plc is preparing to sell some of its food brands in a 6 billion pounds or $7.4 billion deal, partly in response to the recently rejected takeover offer from Kraft Heinz, British media reported. The Anglo-Dutch consumer goods company plans to sell Stork butter and Flora margarine brands, The Sunday Times reported.

Anglo-Dutch consumer goods company Unilever plc (UN, ULVR.L, UL) is preparing a 6 billion pound or $7.4 billion sale of some of its food brands, according to British media reports. The Sunday Times reported that Unilever plans to sell Stork butter and Flora margarine brands. The Sunday Telegraph,...

Corporate uniform supplier Cintas Corp. (CTAS) said it has received all necessary regulatory consents relating to the acquisition of G&K Services, Inc. (GK), with no divestiture requirements. The transaction is expected to close on Tuesday, March 21, 2017. G&K Services shareholders previously voted...

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