logo

Mergers & Acquisitions

Share

Aareal Bank AG (AAALF.PK) Friday announced its agreement to sell a 30 percent minority stake in its IT subsidiary Aareon AG to financial investor Advent International. The financial terms of the sale are based on an enterprise value for Aareon of approximately 960 million euros. This corresponds to...

Luxury fashion house Ralph Lauren Corp. (RL) said it has made a minority investment in Natural Fiber Welding, Inc., a sustainable material science startup. Ralph Lauren noted that recycled cotton is often unsuitable for use in new cotton apparel due to the short fibers created during recycling. Founded...

Thermo Fisher Scientific Inc. (TMO) said the company's offer to acquire all of the ordinary shares of QIAGEN N.V. (QGEN) has lapsed as the minimum acceptance threshold condition to the offer has not been satisfied. Thermo Fisher has terminated the acquisition deal with QIAGEN, and QIAGEN will pay to...

Insurance technology firm Vertafore announced Thursday that it will be acquired by diversified technology company Roper Technologies, Inc. (ROP) from Bain Capital Private Equity and Vista Equity Partners. The financial terms of the deal were not disclosed. The acquisition is expected to close in the...

Southwestern Energy Company (SWN) and Montage Resources Corporation (MR) have reached a merger deal under which Southwestern Energy will acquire Montage Resources in an all-stock transaction. Montage Resources shareholders will receive 1.8656 shares of Southwestern for each Montage Resources share. Southwestern...

Jushi Holdings, a Florida-based cannabis and hemp operator, said it has closed its previously announced deal to acquire the entire equity of Pennsylvania Medical Solutions, LLC or PAMS, a Pennsylvania grower-processor previously owned by Vireo Health International, Inc. Upon closing, Jushi paid Vireo...

Medtronic plc (MDT) announced the planned acquisition of Companion Medical, manufacturer of InPen — the FDA-cleared smart insulin pen system. Medtronic said it will look to expand the availability of InPen globally. The transaction is expected to be neutral to Medtronic's adjusted earnings per share...

HD Supply Holdings, Inc. (HDS) announced Tuesday that it has entered into a definitive agreement to sell its White Cap business to an affiliate of private equity firm Clayton, Dubilier & Rice for a purchase price of $2.9 billion in cash. The White Cap business is a leading distributor of specialty...

Prudential Financial, Inc. (PRU) said Tuesday it has entered into a definitive agreement to sell Prudential Life Insurance Company of Taiwan Inc. to Taishin Financial Holding Co. Ltd., a Taiwan-based financial holding company. Under the terms of the agreement, Prudential Financial will sell its entire...

Bayer (BAYZF.PK, BAYRY.PK, BYR.L) has agreed to acquire KaNDy Therapeutics Ltd., a UK-based private clinical-stage biotech that was founded in 2017 as a spin-off from NeRRe Therapeutics Ltd. KaNDy recently published the Phase IIb dose range finding study results for an investigational compound, NT-814,...

IAC/InterActiveCorp. (IAC) announced its accumulation of a 12% interest in MGM Resorts International (MGM) for an aggregate of approximately $1 billion. IAC said it has a very long-term view of this investment and will be open to all the opportunities it presents. "We will be a minority investor in...

French speed-train maker Alstom SA (AOMFF.PK, ALS.L), which is in deal to buy Bombardier Transportation, Monday said it remains convinced of the strong strategic rationale for the acquisition. The company also said it is confident in its ability to restore in the medium term the profitability and commercial...

Majesco (MJCO) announced that it has signed amended definitive agreement to be acquired by Thoma Bravo, L.P. in a transaction valuing the company at $729 million. Under amendment, Thoma Bravo will acquire all of Majesco's outstanding shares for $16.00 per share. Majesco expects the merger to close...

First Solar Inc. (FSLR) Thursday reported second-quarter net income of $36.9 million or $0.35 per share, compared to last year's loss of $18.5 million or $0.18 per share last year. Net sales rose to $642.4 million from $585.0 million last year. Analysts polled by Thomson Reuters expected earnings...

Hammerson plc (HMSO.L) reported Thursday that its first-half loss before tax widened to 1.09 billion pounds from 319.2 million pounds in the prior-year period. Loss per share widened to 142.2 pence from 41.8 pence in the year-ago period. Adjusted profit for the period fell 84 percent to 17.7 million...

Follow RTT