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Mergers & Acquisitions

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Qatar-EmpireStateBuilding-082416.jpg Qatar's sovereign wealth fund has acquired a 9.9 percent stake in the company that owns the iconic Empire State Building, which was once the world's tallest building. Empire State Realty Trust, which owns the 102 storied, 1,454-foot skyscraper, said Tuesday that an affiliate of Qatar Investment Authority or QIA has acquired a 9.9 percent interest in the company through a $622 million investment.

Biotechnology company Telesta Therapeutics Inc. (TST.TO, BNHLF) announced Wednesday that it has executed a binding agreement to be acquired by ProMetic Life Sciences Inc. (PLI.TO) for consideration of $0.14/Telesta share. James Rae, Chairman of the Board of Directors of Telesta, said, "Following a...

Power producer Dominion Resources, Inc. (D) and natural gas company Questar Corp. (STR) said that the Public Service Commission of Utah has approved their merger, thereby moving the proposed combination one step closer to finalization. The approval is subject to terms and conditions of an agreed settlement...

Shares of Journey Group Plc (JNY.L) climbed around 18 percent in the early morning trading in London after the provider of in-flight products and catering services to airline and travel industries announced Tuesday that it has reached agreement on the terms of a recommended cash offer to be acquired...

pfizer-medivation-082216.jpg Drug major Pfizer Inc. announced Monday that it has entered into a definitive merger agreement to acquire Medivation, Inc., the developer of blockbuster prostate-cancer drug Xtandi, for $81.50 a share in cash, for a total enterprise value of approximately $14 billion. Pfizer expects the proposed acquisition would build upon the success of its breast cancer drug IBRANCE..

Alimentation Couche-Tard Inc. (ANCUF.PK, ATD_B.TO, ATD_A.TO) Monday announced a definitive merger agreement to acquire CST Brands, Inc. (CST) in an all-cash transaction for $48.53 per share. The total enterprise value of the deal would be approximately $4.4 billion including net debt assumed. The...

Shares of Teleperformance (TLPFF.PK) gained around 9 percent in the early morning trading in Paris after the French company in outsourced omnichannel customer experience management announced Monday that it has entered into a definitive merger agreement to acquire LanguageLine Solutions LLC from ABRY...

PFE-MDVN-082216.jpg Drug giant Pfizer Inc. is close to an agreement to buy Medivation Inc., the developer of blockbuster prostate-cancer drug Xtandi, for about $14 billion, Financial Times reported citing people familiar with the matter. The proposed deal, which may be announced as early as Monday, would give a boost to Pfizer's portfolio, which has been seeking to expand its lineup of oncology treatments.

Swiss agriculture company Syngenta International AG (SYT) announced Monday that its takeover by China National Chemical Corp., known as ChemChina, has received clearance on their proposed deal from the Committee on Foreign Investment in the United States or CFIUS. In addition to CFIUS clearance, the...

MediaNews Group, Inc. or MNG said it has sent a letter to Monster Worldwide Inc.'s (MWW) board of directors, disclosing an 11.6 percent ownership stake in Monster's shares and voicing opposition to the company's proposed sale to Randstad North America, Inc. MNG is a newspaper company with over $1...

emerson-081816.jpg Emerson Electric Co. (EMR), has agreed to buy UK-based Pentair plc's (PNR) valves & controls business for $3.15 billion. "This acquisition delivers on our strategic plan of investing in Automation Solutions and in markets where we have a global leadership position and see significant long-term growth...

United Bankshares, Inc. (UBSI) Thursday announced that it has signed a definitive merger agreement with Cardinal Financial Corp. (CFNL), a Virginia -based financial services holding company. The aggregate consideration of the transaction is approximately $912 million. United will acquire Cardinal...

China Metro-Rural Holdings Limited (CNR) announced that Kind United Holdings Limited and Cafoong Limited, which together beneficially own 52.8% of the total combined voting power of the company, approved an Agreement and Plan of Merger, and the merger of CMR Merger Sub Limited with and into China Metro-Rural...

HeidelbergCement AG (HDELY.PK) Thursday announced that it has entered into a definitive agreement, through its units Essroc Corp. and Lehigh Hanson, Inc., to sell its Martinsburg, West Virginia cement plant and eight related terminals to Argos USA LLC, a subsidiary of Cementos Argos. The transaction...

Intercontinental Exchange (ICE) Thursday said it does not agree with UK's Competition and Markets Authority or CMA's provisional findings on Trayport acquition. The company has provided further information to investors on its acquisition. According ICE, the authorities provisional findings do...

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