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Mergers & Acquisitions

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Knorr-Bremse AG (KNRRY.PK), a provider of braking systems, announced Monday that it has acquired an additional 19.8 percent of Israeli start-up Rail Vision for $10 million, giving it a 36.8 percent stake in the company's share capital. Rail Vision specializes in sensor technology and obstacle detection...

Blackstone Real Estate Income Trust, Inc. has entered into a definitive agreement to acquire Simply Self Storage from a Brookfield Asset Management real estate fund for approximately $1.2 billion. The deal is anticipated to close prior to the end of 2020. Simply Self Storage is one of the top five...

First American Financial Corp. (FAF) and ServiceMac, LLC have signed an agreement for First American's acquisition of ServiceMac. ServiceMac is focused on providing technology, products and services for the mortgage industry. ServiceMac's management team will continue to lead the company's operations. As...

Bayer AG (BAYZF.PK, BAYRY.PK, BYR.L) announced Monday the acquisition of Asklepios BioPharmaceutical, Inc. or AskBio, a US-based biopharmaceutical company. Under the deal terms, Bayer will pay an upfront consideration of $2 billion and potential success-based milestone payments of up to $2 billion. Some...

Blackstone Group, Inc. (BX) has agreed to acquire Simply Self Storage from Canada's Brookfield Asset Management Inc. for about $1.2 billion, the Wall Street Journal reported. The private-equity company's nontraded real-estate investment trust, known as BREIT, will buy Simply's more than 120 locations...

Gilead Sciences, Inc. (GILD) announced the completion of the transaction to acquire Immunomedics, Inc. (IMMU) for approximately $21 billion. On October 23, Gilead successfully completed the tender offer for all outstanding shares of common stock of Immunomedics and accepted for payment all shares validly...

Cognizant (CTSH) has agreed to acquire Bright Wolf, a technology services provider specializing in custom Industrial Internet of Things (IIoT) solutions. Cognizant said, with the close of the acquisition, the company will establish its newest IoT innovation lab in the Raleigh-Durham, N.C., Research Triangle,...

California-based Harborside Inc. said it has agreed to acquire a 50.1 percent stake in FGW Haight Inc., a California-based company that has a conditional use approval required to operate a cannabis dispensary in the Haight Ashbury area of San Francisco, California. Hraborside noted that the acquisition...

Moody's Corp. (MCO) said Wednesday it has acquired Acquire Media or AM, an aggregator and distributor of curated real-time news, multimedia, data, and alerts, from Naviga, Inc., a provider of content engagement solutions for the global media industry. The company noted that the acquisition of AM will...

Spanish utility Iberdrola S.A.(IBDSF.PK) announced Wednesday that its U.S. energy operations unit Avangrid Inc. (AGR) agreed to buy US-based PNM Resources (PNM) in a deal with enterprise value of approximately $8.3 billion. In the deal, PNM's shareholders will receive $50.30 cash per share or $4.3...

Pioneer Natural Resources Co. (PXD) announced a definitive agreement to acquire all of the outstanding shares of Parsley Energy, Inc. (PE) in an all-stock transaction valued at approximately $4.5 billion. The total value for the transaction, inclusive of debt, is approximately $7.6 billion. Parsley...

FactSet (FDS) has agreed to acquire Truvalue Labs, Inc., a pioneer in AI-driven environmental, social, and governance data. The company does not expect the acquisition to have a material impact on its fiscal 2021 results. Truvalue Labs applies AI-driven technology to over 100,000 unstructured text...

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