Features

Blackstone’s Invitation Homes to acquire Starwood Waypoint

Invitation Homes has agreed to purchase Starwood Waypoint Homes in an all-scrip deal worth approximately USD 4.35 billion.  The offer implies a purchase price of USD 33.88 per share, representing a 0.8 per cent premium over the target’s close of USD 33.62 on 9th August, the last trading day prior to the bid being announced.

FMC to purchase NxStage

Germany’s Fresenius Medical Care (FMC) is expanding in the US by acquiring medical devices maker NxStage in a cash deal worth about USD 2,000 million. The purchaser is offering to pay USD 30 per share, representing a 30 per cent premium over the target’s close of USD 23 on 4th August 2017, the last trading day prior to the deal being announced. Adams Street Partners, a private equity firm invested in NxStage, will make a full exit if the transaction goes through.

Diageo takes a shot at George Clooney’s tequila company

Alcoholic beverages producer Diageo is acquiring Casamigos Tequila for up to USD 1,000 million as it seeks to expand further in the fast-growing tequila sector. This will add to Diageo’s portfolio of luxury tequila brands, which currently include Don Julio, DeLeon and Peligroso. The consideration covers an earn-out payment of USD 300 million based on the target’s performance over the next 10 years.

EQT to take over Rice Energy

Energy firm EQT is acquiring Rice Energy in a deal worth around USD 8,200 million to expand its natural gas business. The two New York Stock Exchange-listed companies, when merged, will become the largest natural gas producer in the US, according to the purchaser’s press release. The announcement comes as energy companies are pouring money into places like Pennsylvania, West Virginia and Ohio, with the US soon to be the largest natural gas exporter globally, Reuters reported.

Glencore launches rival bid for Rio Tinto’s coal assets

Glencore is attempting to outbid Yanzhou Coal Mining for Coal & Allied Industries (CAI), a thermal coal mining subsidiary of Rio Tinto, with a USD 2,550 million cash offer that remains valid until 26th June this year. The payment, of which USD 500 million will be settled over five years after closing, will be funded by cash on hand and committed facilities.

Deere to purchase Wirtgen Group

Deere is carrying out a EUR 4,600 million deal to acquire Wirtgen Group Holding as it seeks to expand into the road construction sector and grow its footprint overseas. The transaction, which is expected to close next year, will be funded by cash and new debt facilities.

CF to buy Fidelity & Guaranty Life

Blank check company CF is acquiring Fidelity & Guaranty Life (FGL) for about USD 1,835 million, which includes the assumption of debt worth USD 405 million. According to Zephyr, the M&A database published by Bureau van Dijk, the takeover is set to become the second-largest acquisition of a pension products provider to date. This comes after the FGL pulled out of its planned merger with Chinese insurer Anbang almost two months ago following US state regulators’ refusal to approve the USD 1,573 million deal.

Clariant to buy Huntsman

Clariant is acquiring Huntsman in an all-stock transaction worth an estimated USD 6,251 million. If the merger goes through it will create a chemical giant with an enterprise value of about USD 20,000 million, according to the press releases of both companies.

Atlantia to acquire Abertis Infraestructuras

Italian toll road operator Atlantia has made a EUR 16,341 million offer to acquire France’s Abertis Infraestructuras as it seeks to expand outside its home country, where business growth has slowed in recent years. According to Zephyr, the M&A database published by Bureau van Dijk, this is Atlantia’s biggest transaction to date and is the largest takeover of a toll operator worldwide.

PetSmart to buy Chewy

PetSmart, a brick-and-mortar pet accessories retailer, is acquiring Chewy in a bid to extend its presence in the e-commerce space. The consideration has not been disclosed, but people familiar with the matter told Recode that the transaction could be worth around USD 3,350 million. According to Zephyr, the M&A database published by Bureau van Dijk, this is the retail sector’s third largest deal to have been announced so far this year.

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