‘America To Continue To Benefit From Competition Between Post And TreeHouse’

Consumer packaged goods holding company Post Holdings said it terminated the agreement to acquire TreeHouse Foods, Inc.’s ready-to-eat or RTE cereal business. The company’s decision comes after the Federal Trade Commission or FTC filed a complaint against the proposed deal in December 2019, alleging that the deal will harm competition. According to the FTC, the acquisition would give Post more […]

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Refinery29 Being Bought By Vice Media

Vice Media Group, a digital media company focused on youth entertainment and culture, has agreed to acquire Refinery29, an online publisher catering to millennial women. Financial terms of the transaction were not disclosed. The deal was signed in New York on Wednesday by Vice Media CEO Nancy Dubuc and Refinery29 Co-CEOs Justin Stefano and Philippe von Borries. The transaction is […]

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Viacom Q1 Adj. Profit Beats View, But Revenues Miss

Viacom Inc. (VIAB,VIA) on Tuesday reported a 40 percent decline in profit for the first quarter from last year as a slight increase in revenues was more than offset by higher expenses. However, adjusted earnings per share topped analysts’ expectations, while quarterly revenues missed their estimates. Looking ahead, Viacom said it is progressing toward a return to topline growth in […]

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Ultimate Software To Be Taken Private By H&F-led Group For $11 Bln; Stock Rises

Ultimate Software Group Inc. (ULTI), a provider of human capital management or HCM solutions in the cloud, said Monday that it has agreed to be acquired by an investor group led by private equity firm Hellman & Friedman or H&F, for $331.50 per share in cash. The company’s shares are gaining more than 17 percent in pre-market activity. The transaction […]

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OpenGate Capital To Buy Sargent And Greenleaf From Stanley Black & Decker

Los Angeles-based private equity firm OpenGate Capital said Wednesday that it has signed an agreement to acquire Sargent and Greenleaf or S&G from Stanley Black & Decker Inc. (SWK). The transaction is anticipated to be completed in the first quarter of 2019. Financial terms were not disclosed. S&G is a brand in the specialized high security lock industry. Founded in […]

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Rowan Companies Amends Transaction Agreement With Ensco – Quick Facts

Rowan Companies plc (RDC), a provider of contract drilling services, said Tuesday that it has entered into an amendment to the Transaction Agreement with peer Ensco plc (ESV) providing for the combination of the two companies in an all-stock transaction. Under the amended agreement, Rowan shareholders will receive 2.750 shares of Ensco for each share of Rowan they own. All […]

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Dropbox To Buy HelloSign For $230 Mln In Cash – Quick Facts

Dropbox Inc. (DBX), a global collaboration platform, said Monday that it has entered into a definitive agreement to acquire HelloSign, an eSignature and document workflow platform with more than 80,000 customers. Dropbox said it expects the acquisition to improve document workflows for hundreds of millions of Dropbox users. Under the terms of the agreement, San Francisco, California-base Dropbox will acquire […]

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Fiserv To Acquire First Data In All-stock Deal Valued At $22 Bln = Quick Facts

Fiserv Inc. (FISV), a provider of financial services technologies, has agreed to acquire First Data Corp. (FDC), a provider of electronic commerce solutions in an all-stock transaction valued at $22 billion, the two companies said Wednesday. Under the terms of the agreement, First Data shareholders will receive a fixed exchange ratio of 0.303 Fiserv shares for each share of First […]

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Euronext Makes EUR 625 Mln Takeover Bid For Oslo Bourse

Euronext N.V. (ENXB.BE,ENX.BR,ENX.AS,ENX.PA), said Monday that it has made a takeover bid of 625 million euros, or $713 million, for Oslo Børs VPS Holding ASA, the Norwegian Stock Exchange headquartered in Oslo. Euronext, a pan-European group managing the national stock exchanges of five European countries, has approached Oslo Børs’ board of directors to seek its support for the cash tender […]

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Japan Post Holdings To Buy 7% Stake In Aflac- Quick Facts

Aflac Inc. (AFL) said Wednesday that Japan Post Holdings Co. plans to purchase about 7 percent of the company’s outstanding common shares through a trust. The company noted that the investment will be accomplished on a non-dilutive basis to Aflac’s shareholders, as all shares will be purchased through open market or private block purchases in the U.S. In addition, this […]

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