UK smart thermostat maker among angels’ targets in October

There have so far been 21 European angel investments worth a combined EUR 71 million signed off during October 2016, according to Zephyr, the M&A database published by Bureau van Dijk.

Australian gambling firms Tabcorp and Tatts to merge

Tabcorp has on 19th October reached an agreement to acquire Tatts as both Australian Securities Exchange (ASX)-listed companies seek to ward off competition from online gambling operators. Tabcorp will settle the payment with a combination of cash and new shares equating to an offer price of AUD 4.34 (USD 2.56) apiece, up 5.3 per cent from the target’s close on 2nd August 2016, the day when the deal was first reported.  As a result of the share consideration, Tatts’ stockholders will own a 58 per cent stake in the combined entity. Pending approvals from shareholders, the Australian Competition and Consumer Commission and Federal Court of Australia, the deal is expected to close in the middle of next year.

Jack Ma to team up with Steven Spielberg

Hong Kong Stock Exchange (HKEX)-listed Alibaba Pictures, the film production arm of China’s e-commerce giant Alibaba Group, this week agreed to purchase a minority stake in Steven Spielberg’s Amblin Partners. Under the terms of the transaction, Alibaba Pictures will be represented on Amblin Partners’ board and both companies will collaborate to produce, finance and distribute films.

Henderson Group agrees merger with rival Janus Capital

UK-based asset management giant Henderson Group last week made an offer to acquire New York Stock Exchange-listed Janus Capital. As consideration, the buyer will issue 5 new shares in exchange for each share in the target. The deal is worth around USD 2,615 million and the offer price carries an estimated value of USD 14, representing a 2 per cent premium over Janus Capital’s closing price on 30th September, the last trading day prior to the announcement. According to Zephyr, the M&A database published by Bureau van Dijk, the acquisition is set to be the purchaser’s largest to date.

Walt Disney to acquire Twitter?

Since 2014, the prospect of Twitter being a possible takeover target for an even bigger company has been widely reported and discussed in the media. The social networking firm, whose shares have been trading on the New York Stock Exchange since 2013, has attracted potential suitors such as Microsoft, Apple and rival Facebook, as well as non-technology companies including News Corporation and Comcast Corporation. Perhaps most unexpectedly, Walt Disney this week became the latest company likely to make Twitter a takeover offer. The news came shortly after Salesforce.com also reportedly showed interest in bidding for the social media firm last week.

Postal Savings Bank of China to go public

Postal Savings Bank of China (Postal Savings) this month filed a prospectus with the Hong Kong Stock Exchange for its planned initial public offering (IPO), which is set to close next week. As part of the deal, the company will offer shares to both international and domestic investors. Six of China’s state-owned enterprises (SOEs), including State Grid Corporation and Shanghai International Port, have agreed in advance to subscribe for almost half of the IPO shares, which in total represent a 15 per cent stake in the bank’s enlarged capital.

Bayer agrees acquisition of seed producer Monsanto

German chemical conglomerate Bayer last week inked a mega deal to purchase Monsanto, a manufacturer of crop seeds and herbicides. The acquiror will pay USD 128 per share, representing a 21 per cent premium over Monsanto’s close of USD 106 on 13th September 2016, the last trading day prior to the announcement. Including debt, the takeover can be valued at a whopping USD 66,000 million, making it the tenth largest deal announced since 2007, according to Zephyr, the M&A database published by Bureau van Dijk.

Enbridge to buy gas distributor Spectra Energy

On 6th September Canada’s Enbridge announced its intention to acquire Texas-based Spectra Energy, a gas distributor. The buyer offered a price of USD 40 apiece, which represents a 12 per cent premium over the target’s close of USD 36 on 2nd September, the last trading day prior to the deal being announced. The acquisition is worth around USD 28,000 million and is Enbridge’s largest to date, according to Zephyr, the M&A database published by Bureau van Dijk.

China Zhongwang to buy aluminium producer Aleris

Hong Kong Stock Exchange-listed China Zhongwang this week agreed to acquire aluminium products maker Aleris. The purchaser will pay USD 2,330 million as consideration for the takeover, which includes net debt. According to Zephyr, the M&A database published by Bureau van Dijk, the deal is the largest among those targeting aluminium production companies to have been announced since 2007.

Couche-Tard to acquire CST Brands

Canada-based Couche-Tard this week signed an agreement to acquire CST Brands, a petrol station operator. With the assumption of net debt, the deal can be valued at about USD 4,400 million. According to data compiled by Zephyr, the M&A database published by Bureau van Dijk, the transaction is the largest among those that involve motor fuel retailers as targets since 2007.

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