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Mergers & Acquisitions

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cannabisbasedbeer-sept13.jpg California-based brewer Two Roots Brewing Co. said it has agreed to acquire Rochester Mills Production Brewery, a craft beer producer in Michigan. Financial details of the deal were not disclosed. The deal will enable Two Roots to expand its U.S. market presence and also bring cannabis-infused beer...

Casual dining restaurant chain Red Robin Gourmet Burgers Inc. (RRGB) said Wednesday that Board unanimously determined that Vintage Capital Management, LLC's proposal undervalues Red Robin and is not in the best interests of all shareholders, as the strategic plan currently being implemented by Red Robin...

UK bourse operator London Stock Exchange or LSEG (LSE.L) confirmed Wednesday that the Hong Kong Stock Exchange or HKEX has made a 29.6 billion British pound unsolicited, preliminary and highly conditional proposal to acquire the entire share capital of LSEG. It also implies an enterprise value of 31.6...

Inchcape Plc (INCH.L), a multi-brand automotive distributor and retailer, announced Wednesday that it has agreed to sell three Retail sites in Australia to Sime Darby Motors for 63 million pounds in cash. The three sites that have been sold represent a mix of brands, such as VW, BMW, MINI and JLR,...

DuPont's (DD) Electronics & Imaging (E&I) business unit agreed Tuesday to sell its Compound Semiconductor Solutions or wafer business to South Korean silicon wafer supplier SK Siltron. The transaction is expected to close by the end of 2019, subject to customary regulatory approvals for closing. The...

Real estate services company Stewart Information Services Corp. (STC) announced Tuesday the mutual termination of its merger agreement with Fidelity National Financial, Inc. (FNF) after failing to obtain the necessary approval by the U.S. Federal Trade Commission (FTC). In light of the FTC's decision,...

Baxter International Inc. (BAX) has agreed to buy Cheetah Medical, a provider of non-invasive hemodynamic monitoring technologies, in a deal consists of an upfront cash consideration of $190 million, with potential for an additional $40 million. Baxter anticipates the transaction to be immaterial to...

Global technology leader CenturyLink (CTL) announced Tuesday that it acquired privately-held video delivery innovator Streamroot Inc. to improve video and static content delivery within bandwidth constrained areas. Terms of the transaction were not disclosed. The acquisition represents another step...

Changyou.com (CYOU) said its board has received a preliminary proposal from Sohu.com (SOHU), the controlling shareholder of Changyou, to acquire Changyou for a purchase price of $5.00 per Class A ordinary share, or $10.00 per ADS, in cash. Changyou noted that it has not made any decisions with respect...

Sohu.com Limited (SOHU) has submitted to the board of its majority-owned subsidiary Changyou.com (CYOU) a preliminary proposal to acquire Changyou for $5.00 per class A ordinary share, or $10.00 per ADS. The deal would result in Changyou becoming a privately-held, indirect wholly-owned subsidiary of...

Essentra plc. (ESNT.L), a supplier of plastic and fibre products, announced Monday that it has acquired Nekicesa Packaging S.L. from GED Iberian B, F.C.R. and EBN Vaccaria, F.C.R. for an undisclosed cash consideration. Nekicesa has been acquired on a cash-free, debt-free basis, funded from existing...

Sika (SXYAY.PK, SKFOF.PK) said it is expanding the company's Target Markets Industry and Sealing & Bonding presence in China and the Asia Pacific region with the acquisition of Crevo-Hengxin. Based in Changshu, Crevo-Hengxin is a producer of silicone products used for facades, fenestration, insulated...

Axiata Group Berhad and Telenor Group (TELNY.PK, TELN) have mutually agreed to end the discussions regarding a non-cash combination of their telecom and infrastructure assets in Asia due to some complexities involved in the proposed deal. Over the last four months, the companies were finalising transaction...

Oil major Exxon Mobil Corp. (XOM) has agreed to sell its Norwegian oil and gas assets for up to $4 billion, Reuters reported citing sources familiar with the matter. The deal would mark the company's exit from production in Norway after more than a century. In June, the company had said that it...

China-based internet technology company NetEase, Inc. (NTES) announced Thursday that its import e-commerce platform Kaola has been bought by Chinese e-commerce giant Alibaba Group Holding Limited (BABA) for about $2 billion. Following the deal, Kaola would continue to operate independently under...

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