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Mergers & Acquisitions

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Ride-hailing company Uber Technologies Inc. said Thursday that a consortium of investors that includes Japanese conglomerate SoftBank Group Corp. (SFTBF.PK) will invest $1 billion in the company's self-driving car unit. Automaker Toyota Motor Corp. (TM), automotive parts supplier Denso Corp. (DNZOY.PK)...

Eagle Materials Inc. (EXP) said Thursday that its board of directors and management team have commenced a strategic review of its portfolio of businesses: heavy materials, light materials, and oil and gas proppants, to enhance shareholder value. As part of the portfolio review, Eagle Materials will...

Pernod Ricard (PDRDF.PK, PDRDY.PK, PRN.L) has signed a deal to acquire Italian gin brand Malfy from Biggar & Leith. The acquisition, which is expected to close shortly, will expand the company's portfolio further into the super premium and flavoured gins categories. The Malfy brand offers 4 different...

Canadian marijuana producer Aurora Cannabis Inc. (ACB, ACB.TO) has agreed to acquire the remaining 48 percent stake in Hempco Food and Fiber Inc. (HEMP.V) that it does not already own, in a deal that values Hempco at about C$63.4 million. Shares of Hempco gained more than 10 percent in Tuesday's trading. Aurora...

Online travel company Expedia Group, Inc. (EXPE) has agreed to acquire Liberty Expedia Holdings, Inc. (LEXEA, LEXEB) in an all-stock transaction, the two companies said Tuesday. Liberty Expedia's principal asset is about 23.9 million shares of Expedia Group, consisting of 11.1 million shares of Expedia...

Americold Realty Trust (COLD) agreed Tuesday to acquire privately-held Chiller Holdco, LLC from Cloverleaf management and an investor group led by private equity funds managed by Blackstone Group LP (BX) for a purchase price of $1.24 billion, subject to customary adjustments. The closing of the acquisition...

Provident Financial plc (PFG.L) strongly recommended its shareholders to reject the offer from NSF, and said the transaction is not in the interest of the Group's shareholders. In a letter to shareholders, Patrick Snowball, Chairman, said the proposed deal has major strategic and financial flaws. Provident...

Canadian cannabis company Aphria Inc. (APHA) on Monday reported a net loss for the third quarter and also said it has entered into a series of transactions to accelerate the expiry date of the hostile takeover bid launched by Green Growth Brands Inc. The company's shares lost more than 14 percent in...

Ultra Clean Holdings, Inc.(UCTT), Monday said it has acquired Dynamic Manufacturing Solutions, LLC, a semiconductor weldment and solutions provider. Ultra Clean will pay $30 million in cash for DMS and additional cash payments up to $12.5 million to the former owners of DMS if the combined weldment...

Contract drug manufacturer Catalent, Inc. (CTLT) agreed Monday to acquire all outstanding equity of closely-held Paragon Bioservices, Inc. for $1.2 billion in cash on a cash-free, debt-free basis. It will provide Catalent new expertise and capabilities in one of the fastest-growing areas of healthcare,...

Lundin Mining Corp. (LMC, LUN.TO) agreed Monday to acquire 100% ownership stake in Mineração Maracá Indústria e Comércio S/A, which owns the Chapada copper-gold mine located in Brazil from Yamana Gold Inc. (AUY, YRI.TO) for cash consideration of $800 million, subject to customary adjustments. In addition,...

The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Whirlpool Corp.'s (WHR) refrigeration compressor business Embraco by Nidec Corp. (NJDCY.PK). The approval is conditional on compliance with Nidec's commitments. The Commission had concerns that the transaction...

Environmental solutions company Waste Management, Inc. (WM) agreed Monday to acquire all outstanding shares of peer Advanced Disposal Services, Inc. (ADSW) for $33.15 per share in cash, representing a total enterprise value of $4.9 billion, including about $1.9 billion of Advanced Disposal's net debt. The...

Brewin Dolphin Holdings plc (BRW.L), a provider of discretionary wealth management, Monday confirmed that it is in exclusive discussions with Investec in relation to the possible acquisition of its wealth management business in the Republic of Ireland. The company was responding to the recent press...

IWG plc (RGU.L), an operator of co-work and workspace companies, announced Monday that it has entered into a strategic partnership with TKP Corporation in Japan. IWG will divest its Japanese operations to TKP and the parties have agreed an exclusive master franchise agreement for the country. TKP,...

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