M&A feed

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Wal-Mart Stores, Inc.
BloombergQuint· 03 Apr 2020

Walmart Pauses Sale of Majority Stake in U.K. Grocer Asda

Walmart Inc. has put the sale of a majority stake in its U.K. grocery chain Asda on hold to focus management’s attention on running the business amid unprecedented spikes in demand driven by the coronavirus.

  • Wal-Mart Stores, Inc.
  • ASDA Group Limited
  • M&A Activities
  • News Articles
  • News and Other Websites
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Aon PLC
Insurance Business Magazine· 02 Apr 2020

Aon completes domicile transfer of parent firm

Aon Plc – which will become the world’s biggest brokerage when its swoop for Willis Towers Watson is finalised – has completed the move of the jurisdiction of incorporation for its parent firm to Ireland.

  • Aon PLC
  • M&A Activities
  • News Articles
  • News and Other Websites
Emerson· 02 Apr 2020

Emerson Acquires American Governor

Emerson (NYSE: EMR) today announced it has completed the purchase of American Governor Company, a leader in technologies and services for hydroelectric turbine controls. The addition of American Governor builds on Emerson’s technology capabilities and expertise in the renewables and power industry.Hydropower, the world’s largest source of renewable electricity, is generated by water running through turbines.

  • M&A Activities
  • Press Releases
  • Company Websites
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Kohlberg Kravis Roberts & Co LP
Moneycontrol· 01 Apr 2020

KKR shelves $2 billion sale of Singapore-based Goodpack due to market slump

KKR & Co has shelved a plan to sell Singapore-based Goodpack, which provides shipping containers and logistics services, after the coronavirus outbreak hit valuations, sources with knowledge of the matter said on Wednesday. The private equity group had received bids from a few consortiums after tapping more than a dozen potential buyers late last year, the sources said, adding that a deal could have valued Goodpack at about $2 billion.

  • Kohlberg Kravis Roberts & Co LP
  • M&A Activities
  • News Articles
  • News and Other Websites
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Vivendi SA
Billboard· 31 Mar 2020

Vivendi Wraps $3.3 Billion Sale of 10% UMG Stake to Tencent-Led Consortium

French entertainment and telecom conglomerate Vivendi said Tuesday that it has closed its sale of a 10 percent stake in Universal Music Group to a consortium led by Chinese online giant Tencent. It confirmed the deal was based on an enterprise value of €30 billion, or $33 billion at current exchange rates, compared with $33.6 billion when the transaction was announced at the end of 2019.

  • Vivendi SA
  • M&A Activities
  • News Articles
  • News and Other Websites
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Tencent Holdings Limited
Fox Business· 31 Mar 2020

Sale of Universal Music Group stake to Tencent consortium closed

Vivendi has closed the sale of a 10% stake in Universal Music Group (UMG) to a Tencent-led consortium in a deal giving UMG an enterprise value of 30 billion euros ($33 billion), the French media

  • Tencent Holdings Limited
  • Universal Music Group
  • Vivendi SA
  • M&A Activities
  • News Articles
  • News and Other Websites
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WPP Plc
Professional Pensions· 31 Mar 2020

PIC completes £250m buy-in with two WPP schemes

Multinational communication services giant WPP has completed a £250m buy-in for two of its pension schemes with Pension Insurance Corporation (PIC) as the insurer celebrated a “healthy pipeline” of deals amid the Covid-19 outbreak. The advertising, public relations, and technology firm had already covered liabilities in five of its schemes in a £140m buy-in with the same insurer in February 2018.

  • WPP Plc
  • M&A Activities
  • News Articles
  • News and Other Websites
Catalina Holdings (Bermuda) Ltd
Catalinare· 31 Mar 2020

Catalina Holdings completes acquisition of Asia Capital Reinsurance Group

Hamilton, Bermuda – 31st March 2020 – Catalina Holdings (Bermuda) Ltd (“Catalina”), an industry leader in the legacy (re)insurance space, is pleased to announce that it has completed the acquisition of Asia Capital Reinsurance Group Pte.

  • Catalina Holdings (Bermuda) Ltd
  • M&A Activities
  • Press Releases
  • Company Websites
Wal-Mart Stores, Inc.
Seafoodsource· 30 Mar 2020

Walmart subsidiary Seiyu becomes first retailer to sell BAP-certified seafood in Japan

Walmart subsidiary Seiyu becomes first retailer to sell BAP-certified seafood in Japan Seiyu GK has become the first retailer in Japan to introduce Best Aquaculture Practices (BAP)-certified products to its aisles. The new BAP-certified product, “Salad Shrimp,” became available at 181 Seiyu stores across Japan on 26 March.

  • Wal-Mart Stores, Inc.
  • Seiyu Group
  • New Offerings
  • M&A Activities
  • Press Releases
  • Company Websites
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Fiserv, Inc.
The Layoff· 30 Mar 2020

Merger dumbest move for Fiserv? More layoffs ahead

Looking in the rear view mirror, had Fiserv not done this merger (I will not call it an acquisition) they would have been better off. OFD had a ton of debt, global presence and a focus on merchant payments.

  • Fiserv, Inc.
  • Cost Cutting
  • M&A Activities
  • News Articles
  • News and Other Websites
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Covéa Insurance PLC
Reinsurance News· 30 Mar 2020

Covéa committed to PartnerRe acquisition despite COVID-19 impacts: reports

Despite the global COVID-19 coronavirus pandemic having a significant impact on European countries, driving meaningful and widespread financial market volatility, Covéa has reportedly said that it remains committed to its deal with Exor to acquire reinsurer PartnerRe.

  • Covéa Insurance PLC
  • PartnerRe
  • M&A Activities
  • News Articles
  • News and Other Websites
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JSW Group
Business Standard· 30 Mar 2020

JSW Group releases 6.57 cr pledged shares to lenders

JSW Group on Monday said it has released 6.57 crore shares of JSW Steel and JSW Energy to repay loan."JSW Group has released 1.09 crore pledged JSW Steel shares worth Rs 165 crore and 5.48 crore pledged shares worth Rs 243 crore of JSW Energy," the Group said in a statement.

  • JSW Group
  • New Offerings
  • Capital Refinance/Restructure
  • M&A Activities
  • News Articles
  • News and Other Websites
Sumitomo Life Insurance Co
Sumitomo life Insurance· 30 Mar 2020

Sumitomo Life and AXA Life Japan to Expand Menus of Long-term Care Service “Well Aging Support- ASUNOEGAO”

Sumitomo Life Insurance Company (headquartered in Osaka City, Osaka; President and CEO: Masahiro Hashimoto; hereafter referred to as Sumitomo Life) and AXA Life Insurance Co., Ltd. (headquartered in Minato-ku, Tokyo; Representative Director, President and Chief Executive Officer: Seiji Yasubuchi; hereafter referred to as AXA Life Japan) will expand the menus of their long-term care service “Well Aging Support- ASUNOEGAO” (hereafter referred to as “this service”), on April 1, 2020 which was launched in certain regional areas in October 2019 to realize a total coordination of long-term care for the elderlies.

  • Sumitomo Corp
  • Sumitomo Life Insurance Co
  • Axa SA
  • M&A Activities
  • Press Releases
  • Company Websites
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Hydrocarbon Processing· 27 Mar 2020

AVEVA acquires production accounting capability from MESEnter to drive customers’ digital transformation

AVEVA, a global leader in engineering and industrial software, announced today that it has acquired  production accounting software from South Korean based company MESEnter to complete AVEVA’s value chain optimization solution. MESEnter’s software offering, previously branded MES ENTER ErrorSolver™ and now rebranded AVEVA™ Production Accounting, has been proven and tested by major producers in the continuous process industries since 2005.

  • M&A Activities
  • News Articles
  • News and Other Websites
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Raytheon Company
Reuters· 27 Mar 2020

UTC, Raytheon deal wins U.S. antitrust approval, with divestitures

The U.S. Justice Department has approved United Technologies Corporation’s (UTX.N) planned merger with Raytheon Co (RTN.N), subject to conditions, the agency said on Thursday. UTC agreed in June to combine its aerospace business with U.S. contractor Raytheon and create a new company worth about $121 billion, in what would be the sector’s biggest ever merger.

  • Raytheon Company
  • M&A Activities
  • Procurement and Sales
  • Regulatory and Legal
  • News Articles
  • News and Other Websites
Credit Suisse Group AG
Credit Suisse Global· 26 Mar 2020

Credit Suisse announces the closing of the transfer of distribution agreements related to its third party investment fund platform Credit Suisse InvestLab to Allfunds

Credit Suisse AG Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). Our strategy builds on Credit Suisse's core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland.

  • Credit Suisse Group AG
  • M&A Activities
  • Press Releases
  • Company Websites
Twitter· 26 Mar 2020

.@Fiserv ( $FISV ) to Enhance Omni-commerce Experience with Acquisition of @BypassPOS. #mergers #acquisitions https://t.co/dl93qtFIGq by @businesswire

Fiserv to Enhance Omni-commerce Experience with Acquisition of Bypass Mobile
Combination will build on existing integration and facilitate new digital commerce use cases Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial ser...
  • Media Radar
  • M&A Activities
  • Social Updates
  • Twitter
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Dean Foods Co
Dairyreporter· 26 Mar 2020

DFA is no longer confirmed to purchase Dean Foods

Though it was announced last month that Dean Foods and the Dairy Farmers of America (DFA) entered into an asset purchase agreement, that has been mutually terminated. The co-op is still in the running but is no longer the ‘stalking horse’ bidder.

  • Dean Foods Co
  • M&A Activities
  • News Articles
  • News and Other Websites
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CarePoint Health
Becker's Hospital Review· 25 Mar 2020

CarePoint Health reaches deal to sell New Jersey hospital

After months of uncertainty about a potential sale, Jersey City, N.J.-based CarePoint Health has agreed to sell one of its hospitals to BMC Hospital. CarePoint will sell Bayonne (N.J.) Medical Center to BMC Hospital, which specializes in reviving distressed ambulatory surgery centers.

  • CarePoint Health
  • Asset Buy/Sale
  • M&A Activities
  • News Articles
  • News and Other Websites
Arizona Public Service Co
Yokogawa· 25 Mar 2020

Yokogawa Acquires Danish Startup Grazper Technologies, Specialists in AI for Image Analytics

Tokyo, Japan - March 25, 2020Yokogawa Electric Corporation (TOKYO: 6841) announces that on March 20, 2020, it completed the acquisition of all shares in Denmark-based Grazper Technologies ApS (Grazper), as mutually agreed.

  • Arizona Public Service Co
  • Yokogawa Electric Corp
  • M&A Activities
  • Artificial Intelligence
  • Press Releases
  • Company Websites
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Amazon.com, Inc.
New York Post· 25 Mar 2020

Amazon to acquire two Fairway Market stores in NJ

Amazon will take over two Fairway Market stores in New Jersey — two fewer than the tech giant had hoped to acquire in a bankruptcy auction that ended on Wednesday, The Post has learned. Sources say Village Supermarket — which operates Shoprite stores and had been the stalking horse bidder for Fairway’s five Manhattan stores, a store in Pelham, and its brand name — is buying at least four stores.

  • Amazon.com, Inc.
  • Fairway Group
  • M&A Activities
  • News Articles
  • News and Other Websites
EIC Inc
The EIC· 23 Mar 2020

500MW offshore farm acquired by Norwegian investment firm

23 March, 2020 Magnora has finalised a deal to take a 5% stake, with an option to rise to 50%, in an unnamed 500MW offshore wind farm that is under-development. The Norway-based investor firm said co-operation with the undisclosed founders and the development of the project will now start with it obtaining an initial minority ownership interest in exchange for funding a 12-month feasibility study that will end no later than April 2021.

  • EIC Inc
  • M&A Activities
  • News Articles
  • Company Websites
Raytheon Company
Everythingrf· 23 Mar 2020

European Commission to Approve UTC/Raytheon Acquistion on Selling GPS and Airborne Radio Business

The European Commission, through the EU Merger Regulations, has now approved the proposed acquisition of leading defense company, Raytheon by United Technologies Corporation (UTC). The approval stands conditional on the selling off subsidiaries through a remedy package.

  • Raytheon Company
  • M&A Activities
  • Regulatory and Legal
  • Asset Buy/Sale
  • Press Releases
  • Company Websites
Mitsubishi Heavy Industries
Mhi· 21 Mar 2020

Notice of Acquisition of U.S. Material Handling Equipment Dealer, Pon Material Handling NA, Inc.

Mitsubishi Logisnext Co., Ltd. (the “Company”) is pleased to announce that as a result of the Board of Directors meetingheld today on April 11, 2019, the Company’s consolidated subsidiary Mitsubishi Logisnext Americas Inc. (“MLNA”) willacquire all of the outstanding equity interests of Pon Material Handling, NA, Inc.

  • Mitsubishi Corp
  • Mitsubishi Heavy Industries
  • M&A Activities
  • Press Releases
  • Company Websites
Mitsubishi Heavy Industries
Mhi· 21 Mar 2020

Notice of Closing of Acquisition of Pon Material Handling NA, Inc. and of Company Name Change

With regards to the public announcement made by Mitsubishi Logisnext Co., Ltd. (the "Company") on April 11, 2019titled "Notice of Acquisition of U.S. Material Handling Equipment Dealer, Pon Material Handling NA, Inc." whereby theCompany's consolidated subsidiary Mistubishi Logisnext Americas Inc.

  • Mitsubishi Heavy Industries
  • M&A Activities
  • Press Releases
  • Company Websites
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