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Mergers & Acquisitions

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Broadcom Inc. (AVGO), a developer of semiconductor and infrastructure software solutions, announced Thursday its agreement to acquire VMware, Inc. (VMW), an innovator in enterprise software, in around $61 billion cash-and-stock deal. In addition, Broadcom will assume $8 billion of VMware net debt. Under...

TotalEnergies (TTA.L, TTFNF.PK - DELETED, TTE) announced agreements with Global Infrastructure Partners to acquire 50% of Clearway Energy Group. CEG is a developer of renewables projects and controls and owns 42% of economic interest of its listed subsidiary, Clearway Energy Inc. Global Infrastructure...

Branded food company General Mills, Inc. (GIS) announced Wednesday that it has agreed to sell its Helper main meals and Suddenly Salad side dishes businesses to Eagle Family Foods Group, a portfolio company of Kelso & Co., in a cash transaction valued at approximately $610 million. The proposed transaction...

German property specialist Aareal Bank AG (AAALF.PK) announced Wednesday the successful public takeover offer by Atlantic BidCo GmbH as the minimum acceptance level of 60 percent was exceeded by the end of the acceptance period on May 24. Atlantic BidCo will be the new majority owner of Aareal Bank,...

Global Infrastructure Partners or GIP announced Wednesday that it has formed a strategic partnership with French oil and gas company TotalEnergies SE (TTE, TTE.L) to work in the U.S. renewable energy sector. TotalEnergies will acquire half of GIP's interest in Clearway Energy Group, a privately held...

Renewi Plc (RWI.L), a European waste-to-product business, said on Tuesday that it has reached a conditional deal to acquire GMP Exploitatie BV, known as Paro, a Dutch commercial waste and recycling business, from GMP Groep BV for 67 million euros. Cash consideration for Paro of 53.5 million euros,...

Helthcare holding company Innoviva, Inc. (INVA) and biopharmaceutical company Entasis Therapeutics Holdings Inc. (ETTX) announced Monday the companies have entered into a definitive merger agreement under which Innoviva is to acquire all of the outstanding shares of Entasis not already owned by Innoviva...

Leoni AG (LEOGN), a German supplier of cables and wiring systems, said on Monday that it has sold its Business Group Automotive Cable Solutions or BG AM, to Thai company- Stark Corporation Public Company Limited. Financial terms of the deal are not known yet. With an enterprise value of 560 million...

Kaman Corp. (KAMN) announced Monday that it has entered into a definitive agreement with Parker-Hannifin Corp. (PH), under which Kaman will acquire Parker's aircraft wheel & brake division for $440 million, subject to a customary working capital adjustment and the receipt of all necessary regulatory...

Swiss building materials company Holcim Group (HCMLY.PK, HCMLF.PK) Monday said it has acquired Louisiana, USA -based Cajun Ready Mix Concrete. The financial terms of the deal were not disclosed. Holcim said it will integrate Cajun's eight ready-mix concrete plants, 108 employees and 51 mixer trucks. The...

Self storage provider Big Yellow Group Plc (BYG.L) announced Monday that it has conditionally sold its industrial warehouse scheme at Harrow, London for gross sales proceeds of 61 million pounds. The completion of the sale is expected to occur in August of this year, conditional on practical completion...

Biopharmaceutical company Cortexyme, Inc. (CRTX) announced Friday the completion of its acquisition of privately-held biotech company Novosteo, which targets therapeutics to treat rare skeletal diseases, bone cancer and injury. Novosteo stockholders now own approximately 15.5% of the combined company. With...

Meritor, Inc. (MTOR), a maker of automobile components, said on Friday that it has entered into a deal with Siemens AG to acquire the latter's Commercial Vehicles Electric Propulsion business for around 190 million euros in cash. With a presence in Germany, China, and the U.S., Siemens Commercial...

Dutch consumer internet group Prosus N.V. (PROSY, PROSF), majority-owned by Naspers, Friday said it has now decided to exit the Russian business, and to sell its shareholding in Russian classifieds business Avito. On March 25, the company had announced the separation of Avito from its OLX Group. The...

Following the unanimous rejection of the unsolicited tender offer from JetBlue Airways Corp. (JBLU) by Spirit Airlines, Inc. (SAVE) on Thursday, JetBlue hit back immediately saying the Spirit Board, driven by serious conflicts of interest, continues to ignore the best interests of its shareholders by...

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