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Mergers & Acquisitions

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starwars-jun19.jpg Star Wars director J.J. Abrams and his production company Bad Robot may soon be in a television and film deal with WarnerMedia, that could be worth around $500 million, according to The Hollywood Reporter. WarnerMedia, owned by AT&T, is said to be in final negotiations for a new multi-year partnership with Bad Robot, run by Abrams with his wife Katie McGrath as co-CEOs.

Rolls Royce Holdings plc (RYCEF.PK, RR.L, RYCEY.PK) agreed Tuesday to acquire the eAircraft business of Siemens AG (SIEGY.PK, SMAWF.PK). The agreement was signed at the International Paris Air Show in Le Bourget (France). The partners have agreed not to disclose the financial details of the transaction....

Cognizant Technology Solutions Corp. (CTSH) announced Tuesday that it has agreed to acquire Zenith Technologies, an Irish privately-held life sciences manufacturing technology services company. Financial details were not disclosed. The acquisition is expected to close in the third quarter of 2019,...

CIRCOR International, Inc. (CIR) said its board of directors will review Crane's tender offer to acquire all of the outstanding shares of CIRCOR. The company plans to announce a decision within ten business days. CIRCOR advised its shareholders to take no action at this time. Crane Co. (CR) has commenced...

Pfizer Inc. (PFE) agreed Monday to acquire Array BioPharma Inc. (ARRY) for $48 per share in cash, for a total enterprise value of about $11.4 billion. The Boards of Directors of both companies have approved the merger. Pfizer expects to complete the acquisition in the second half of 2019. Array is...

Crane Co (CR) said it has commenced a cash tender offer to acquire all of the outstanding shares of CIRCOR International, Inc. (CIR) for $45 per share. The company said the tender offer provides CIRCOR shareholders the opportunity to send a clear message to the CIRCOR Board. Max Mitchell, Crane Co....

C&J Energy Services (CJ) and Keane Group, Inc. (FRAC) have agreed to combine in an all-stock merger of equals. C&J shareholders will receive 1.6149 shares of Keane common stock for each share of C&J common stock owned. The companies target to achieve annualized run-rate cost synergies of $100 million...

Prosperity Bancshares, Inc. (PB), the parent of Prosperity Bank agreed Monday to merge with LegacyTexas Financial Group, Inc. (LTXB), the parent of LegacyTexas Bank. Under the terms of the merger agreement, stockholders of LegacyTexas will receive 0.5280 shares of Prosperity common stock and $6.28...

Goals Soccer Centres is preparing to launch a sale process within months, Sky News reported. The company's shares were suspended in March amid an accounting probe, it had a market value of just £20 million. The review has been instigated by Lloyds Banking Group, which has hired Deloitte to advise...

Allianz SE (AZSEY.PK) announced that it has invested $384 Million for a 49 percent stake in an office condominium in New York's 30 Hudson Yards office building. The condominium in 30 Hudson Yards consists of 1.46 million gross square feet across 26 floors. The company enters into a sale-leaseback...

Dr. Reddy's Laboratories Ltd. (RDY, DRREDDY) announced Friday that it has entered into a definitive agreement to sell its neurology branded products to Upsher-Smith Laboratories, LLC. The company would sell its US and select territory rights for ZEMBRACE SYMTOUCH (sumatriptan injection) 3 mg and TOSYMRA...

bbt-suntrust-061319.jpg The new entity resulting from the merger of BB&T Corp. and SunTrust Bank will be "Truist Bank." The new name is a coinage using the words 'true' and 'trust.' The holding company picked up the name Truist Financial Corp. There were speculations that the combined bank will have a combination name of...

German digital publishing house Axel Springer SE (AXELF.PK) announced a public takeover offer from Global investment firm Kohlberg Kravis Roberts or KKR & Co. L.P. (KKR) at an offer price of 63 euros per share in cash. The offer is in accordance with an investor agreement entered between Axel Springer...

French software company Dassault Systèmes (DASTY.PK) announced Wednesday that it has signed an agreement to acquire Medidata Solutions, Inc. (MDSO) in an all-cash transaction at a price of $ 92.25 per share. The deal represents an enterprise value of $5.8 billion for Medidata. The transaction was...

TEGNA Inc. (TGNA) has reached a deal with Dispatch Broadcast Group to acquire television stations WTHR and WBNS for $535 million. WTHR serves Indianapolis and WBNS serves Columbus, Ohio's state capital. The deal also include the acquisition of WBNS Radio in Central Ohio. TEGNA expects the acquisition...

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