M&A Editorial News

BP is looking to dispose of Canadian assets: Reuters

UK oil and gas giant BP is mulling the sale of its interest in three Canadian oil sand projects located in north-eastern Alberta, according to Reuters, citing sources with knowledge of the matter....

Posted on Fri, 21 Apr 2017 14:13:35 GMT | Read more...

Zeta to purchase Bombora

Australia-listed Zeta Petroleum has agreed to pick up Perth-based oil and gas explorer Bombora Natural Energy for roughly USD 3.06 million in order to allow the company to expand its project portfolio. ...

Posted on Fri, 21 Apr 2017 13:44:28 GMT | Read more...

Shenzhen Investment to offload projects

Shenzhen Investment, the southern China property developer partially owned by the Shenzhen government, is putting five different subsidiaries on the block in separate auctions worth a combined CNY 5.64 billion (USD 722.19 million)....

Posted on Fri, 21 Apr 2017 13:41:17 GMT | Read more...

Maxim Crane Works to acquire Coast Crane

Maxim Crane Works has entered into a stock purchase agreement to pick up Coast Crane Company, a crane rental and related lift service provider, for around USD 72.50 million....

Posted on Fri, 21 Apr 2017 13:34:00 GMT | Read more...

AGIC Capital to acquire Fotona

The Gores Group has agreed to sell its European medical laser company Fotona to private equity firm AGIC Capital....

Posted on Fri, 21 Apr 2017 13:27:50 GMT | Read more...

CSC seeks mainland listing

CSC Financial is rolling out plans to list A shares on mainland China just four months after raising HKD 7.70 billion (USD 988.12 million) in one of the largest announced or completed initial public offerings in Hong Kong last year....

Posted on Fri, 21 Apr 2017 13:14:07 GMT | Read more...

Vita 34 to acquire Seracell

Listed German umbilical cord blood bank operator Vita 34 is acquiring its domestic rival Seracell Pharma for around EUR 14.00 million in cash, depending on the result of the due diligence proceedings which are currently ongoing....

Posted on Fri, 21 Apr 2017 12:40:20 GMT | Read more...

Shearwater to snap up SecurEnvoy

London-listed digital resilience firm Shearwater Group has agreed to purchase UK multifactor authentication (MFA) software provider SecurEnvoy from founders Andy Kemshall and Steve Watts for roughly GBP 20.00 million on a cash- and debt-free basis. ...

Posted on Fri, 21 Apr 2017 11:57:18 GMT | Read more...

Riverview snags CBT

Riverview Financial is taking over CBT Financial in a USD 48.80 million deal which creates a central Pennsylvania franchise with combined assets of USD 1.20 billion and an increased deposit market share....

Posted on Fri, 21 Apr 2017 11:50:05 GMT | Read more...

Riverbed signs on for Xirrus purchase

US software performance improvement technology developer Riverbed has reached a definitive agreement to pick up Californian Wi-Fi network provider Xirrus....

Posted on Fri, 21 Apr 2017 11:39:55 GMT | Read more...

Kindred Healthcare on the block: Reuters

Nasdaq-listed hospital operator Kindred Healthcare is working with investment banks to explore a sale, Reuters reported, citing people familiar with the matter. ...

Posted on Fri, 21 Apr 2017 11:34:36 GMT | Read more...

Sun Life to purchase PDG

The US unit of Sun Life Financial has signed on the dotted line to snap up Minnesota-based online dental network operator Premier Dental Group (PDG) for an undisclosed amount. ...

Posted on Fri, 21 Apr 2017 11:21:40 GMT | Read more...

Virtu to raise USD 750mn

High-frequency electronic trading firm and market maker Virtu Financial has announced one of the largest capital increases by a US company of 2017 to date to finance the acquisition of KCG Holdings for USD 1.40 billion....

Posted on Fri, 21 Apr 2017 11:05:10 GMT | Read more...

I-Cable announces open offer, could come under new control

I-Cable Communications, the struggling Hong Kong-based pay television provider, has announced plans to raise HKD 704.00 million (USD 90.54 million) in an open offer after parent company Wharf Holdings said it would cease funding the loss-making group....

Posted on Fri, 21 Apr 2017 10:58:39 GMT | Read more...

Real Matters seeks USD 125mn IPO: Globe and Mail

Real Matters is in the process of updating paperwork for an initial public offering with a view to filing the amended prospectus with Canadian regulators next week ahead of marketing, Globe and Mail reported....

Posted on Fri, 21 Apr 2017 10:28:51 GMT | Read more...

Microsoft starts discussions with Cloudyn: Report

Microsoft is in talks to acquire Israel-based cloud cost optimisation software provider Cloudyn, according to Israeli business website Calcalist....

Posted on Fri, 21 Apr 2017 10:20:59 GMT | Read more...

Aphria announces cash call

Canadian medicinal marijuana growing services company Aphria has planned a public offering valued at CAD 75.00 million (USD 55.63 million) in order to finance the firm’s expansion and general corporate purposes. ...

Posted on Fri, 21 Apr 2017 10:00:42 GMT | Read more...

Unilever bangs out a deal for Sir Kensington’s

Unilever has agreed to acquire Sir Kensington’s, a US-based condiments firm known for its fancy ketchup and mayonnaise, for an undisclosed amount just months after rebuffing a USD 143.00 billion takeover offer form Kraft Heinz....

Posted on Fri, 21 Apr 2017 08:56:14 GMT | Read more...

Element tables cash offer for Exova

Exova, the London-listed lab testing group, has accepted a GBP 620.30 million proposal from Element Materials Technology to take the company private in a deal that will enhance both groups’ presence in the aerospace, oil and gas and transport industries....

Posted on Fri, 21 Apr 2017 08:54:04 GMT | Read more...

Sun Hung Kai could list UAF: Bloomberg

Sun Hung Kai is revisiting two-year-old plans to float United Asia Finance (UAF) in Hong Kong via an initial public offering (IPO) potentially worth USD 500.00 million, a source with knowledge of the matter told Bloomberg....

Posted on Fri, 21 Apr 2017 08:33:10 GMT | Read more...

Manalto to buy Bambu Digital’s assets

Australian Securities Exchange-listed Manalto is acquiring the strategy, marketing, finance and human resources software development business of Bambu Digital in a deal worth up to AUD 5.00 million (USD 3.71 million). ...

Posted on Fri, 21 Apr 2017 08:23:48 GMT | Read more...

Virtu acquires KCG for USD 1.4bn

Virtu Financial has made a formal USD 1.40 billion offer for KCG Holdings, a little over a month after sounding out the possibility of taking the stock broker private at a price between USD 18.00 and USD 20.00 apiece....

Posted on Thu, 20 Apr 2017 14:02:07 GMT | Read more...

Regulator rejects GPE/Westar merger

Great Plains Energy (GPE) and Westar are considering their next steps after the Kansas Corporation Commission (KCC) rejected a USD 12.20 billion deal to create an entity with 950,000 customers in the state alone....

Posted on Thu, 20 Apr 2017 13:57:29 GMT | Read more...

PDC Brands exploring a USD 1bn sale: WSJ

PDC Brands, a beauty and personal care business, is said to be working with investment banks on a potential divestment that could value the company at around USD 1.00 billion....

Posted on Thu, 20 Apr 2017 13:42:10 GMT | Read more...

Tesco to sell opticians to Vision Express

UK grocery giant Tesco has inked an agreement to divest its opticians division in the UK and Ireland to Vision Express for an undisclosed amount....

Posted on Thu, 20 Apr 2017 13:26:17 GMT | Read more...