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Mergers & Acquisitions

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WH Smith plc (SMWH.L) has reached an agreement to acquire Marshall Retail Group, a US travel retailer, for $400 million on a cash and debt-free basis. The transaction will require shareholder approval. The completion of the deal is anticipated in the first quarter of the 2020 calendar year. MRG currently...

Cognizant Technology Solutions Corp. (CTSH) agreed Wednesday to acquire privately-held technology consulting firm Contino. Financial details of the deal were not disclosed. London-based Contino is a premier enterprise DevOps and cloud transformation consultancy. It specializes in helping Global 2,000...

Biopharmaceutical company Alexion Pharmaceuticals, Inc. (ALXN) agreed Wednesday to acquire Achillion Pharmaceuticals, Inc. (ACHN) for an initial consideration of approximately $930 million, or $6.30 per share of Achillion common stock, which will be funded with cash on hand. Achillion is a clinical-stage...

Parsley Energy, Inc. (PE) has agreed to acquire Jagged Peak Energy Inc. (JAG) in an all-stock deal valued at approximately $2.27 billion, including Jagged Peak's net debt of approximately $625 million. Jagged Peak shareholders will receive a fixed exchange ratio of 0.447 shares of Parsley Class A common...

French automotive parts manufacturer Faurecia (FURCY.PK) announced Monday that it has signed a Memorandum of Understanding to acquire the remaining 50% of its SAS joint venture from Continental for 225 million euros excluding cash. The shares were lowing around 2 percent in Paris trading. Prior to...

Uber Technologies, Inc. (UBER) announced an agreement to acquire majority ownership of Cornershop, an online grocery provider. Headquartered in Santiago, Chile, Cornershop is backed by Accel, ALLVP, Creandum, and JSV. Uber expects to close the investment in early 2020. Cornershop will continue to operate...

Synthomer plc (SYNT.L) said shareholders of the Group and Omnova Solutions Inc. have now voted in favour of Synthomer's proposed acquisition. Synthomer plc continues to target completion of the deal in late 2019. The proposed transaction was originally announced on 3rd July 2019. The deal remains...

The U.K. government is set to approve the takeover of British satellite company Inmarsat Plc (ISAT.L) after the officials found the deal would not result in any competition or national security concerns. Inmarsat's $3.4 billion acquisition by a consortium of private equity investors and pension funds...

Shares of PNE AG were gaining around 5 percent in the morning trading in Germany after the developer of wind farms is targeted by Photon Management GmbH for a takeover. Photon Management, an indirect unit of funds advised by Morgan Stanley Infrastructure Inc., Thursday said it has decided to submit...

Inchcape Plc (INCH.L), a multi-brand automotive distributor and retailer, announced Thursday that it has agreed to sell its Inchcape Fleet Solutions business or IFS in the UK to Toyota Fleet Mobility GmbH for total cash consideration of 100 million pounds. The transaction is expected to complete in...

Hays Travel, the UK's largest independent travel agent, agreed Wednesday to acquire the entire retail portfolio of 555 former high street shops of Thomas Cook Group Plc. (TCKGY.PK, TCG.L) after it signed a deal with the Official Receiver and Special Managers from KPMG. The deal involves the re-opening...

DEUTZ AG (DEZBF.PK, DEUZF.PK) has acquired Futavis GmbH, a development service provider for battery management hardware and software. The company said the acquisition enables it to incorporate batteries, a crucial core component, in its electrification strategy. The purchase price was not disclosed....

MedMen Enterprises Inc., a California-based multi-state marijuana operator, said it has decided to terminate the deal to acquire marijuana company PharmaCann LLC in all-stock transaction, citing market developments over the past twelve months and the continued evolution of its business strategy. The...

Kopin Corp. (KOPN), a developer of wearable computing technologies and solutions, announced Monday that it has entered into an Asset Purchase Agreement with Solos Technology Ltd. The Purchase Agreement will see Kopin selling and licensing to Solos certain assets of its Solos product line and Whisper...

Dialog Semiconductor Plc (DLGNF.PK) announced Monday that it has signed a definitive agreement to acquire Creative Chips GmbH, a supplier of Integrated Circuits or ICs to the Industrial Internet of Things market. The acquisition is for a cash payment of approximately $80 million, which will be funded...

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