Mergers & Acquisitions

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Reinsurance Group of America, Inc. (RGA) said Tuesday that it has executed agreements to buy all of the stock of Aurora National Life Assurance Co., a life insurance subsidiary of Swiss Re. Aurora, which is part of Swiss Re's Admin Re business in the U.S., has about 82,000 policies in force and statutory...

Specialty pharmaceutical company Actavis plc (ACT) is said to be among the bidders for Belgian consumer health-care company Omega Pharma NV as it continues to look for more acquisition, according to a Bloomberg report on Monday. A sale of Omega would likely fetch in excess of 4 billion euros or $5.1...

Real estate investment trust Medical Properties Trust Inc. (MPW) said Monday that it has agreed to acquire 40 rehabilitation hospitals in Germany from privately-held Median Kliniken Group, Germany's largest private provider of post-acute and acute rehabilitation services, for about 705 million euros,...

US drug maker AbbVie, Inc. (ABBV) agreed Monday to terminate its proposed merger with Irish drug company Shire Plc. (SHP.L, SHPG) after its board withdrew support and recommendation for the deal. The move comes amid the proposed changes in tax rules in the U.S. AbbVie also announced a new $5 billion...

TeamHealth Holdings, Inc. (TMH) said Monday that it has acquired scribe company PhysAssist Scribes, Inc.. Based in Fort Worth, Texas, PhysAssist provides scribe services for more than 155 emergency departments in 22 states. Founded in 1995, PhysAssist was the nation's first scribe company. PhysAssist...

Stamps.com Inc. (STMP) said Monday that it has bought ShipWorks, which offers monthly subscription based e-commerce shipping software, for about $22 million in cash. Based in St. Louis, Missouri, ShipWorks is a client-based shipping software company that provides simple, powerful and easy to use solutions...

AbbVie Inc. (ABBV) and Shire plc (SHP.L, SHPG) said Monday that they have agreed to terminate their proposed merger following the decision by AbbVie's Board to withdraw support for the proposed $52 billion deal. AbbVie said its decision was based upon its assessment of the September 22 notice issued...

Infrastructure construction company MasTec Inc (MTZ) Monday acquired WesTower Communications Inc, a U.S. subsidiary of Exchange Income Corp (EIF.TO), for a one-time payment of about $199 million in cash, subject to customary purchase price adjustments. WesTower is a telecommunications services firm,...

Primary Energy Recycling Corp. (PRI.TO) Monday said it has agreed to be purchased by a consortium led by Fortistar LLC for $5.40 per share in cash. Following the announcement, shares of the Oak Brook, Illinois-based energy company soared over 24 percent. Primary Energy is a clean-energy company that...

Valley National Bancorp (VLY) and 1st United Bancorp, Inc. (FUBC) said Monday that all regulatory and shareholder approvals necessary to complete the previously announced merger of 1st United with and into Valley have been received. The common shareholders of 1st United will receive 0.89 of a share...

Celanese Corp. (CE) said Monday that it has acquired substantially all of the assets of Cool Polymers, Inc., based in North Kingstown, R.I. Financial details of the deal were not disclosed. Cool Polymers is a compounder of conductive polymers. The company's technical capabilities in the LED market...

Cleco-acquisition-102014.jpg Utility Cleco Corp. (CNL) Monday said it has agreed to be acquired by an investor group led by Australia's Macquarie Group Ltd. for $3.4 billion. The shares of Pineville, Louisiana-based power company is currently up over 10 percent, following the news. The investor group has agreed to pay shareholders...

PPG Industries Inc. (PPG) said Monday that its North American architectural coatings business has agreed to buy Westmoreland Supply, an independent architectural paint distributor headquartered in Pittsburgh. Financial terms of the deal were not disclosed. The acquisition of Westmoreland Supply,...

ShoreTel, Inc. (SHOR) confirmed Monday that it has received an unsolicited proposal from Mitel Networks Corp. (MITL) to acquire all of the outstanding shares of the company for $8.10 per share in cash. ShoreTel said its board of directors, in consultation with its financial and legal advisors, will...

Green Bancorp, Inc (GNBC), the parent holding company of Green Bank, N.A., Monday said that on October 17, it completed the previously announced acquisition of SP Bancorp, Inc. (SPBC), the parent holding company of SharePlus Bank, a Texas-chartered state-bank headquartered in Dallas. The sale was for...