Acquisition

Business News: NVIDIA to Acquire Mellanox for $6.9 Billion

Unites leaders in processing and interconnect for the high performance computing market Builds on the companies’ long history of collaboration and joint innovation Expected to be accretive to NVIDIA’s non-GAAP gross margin, non-GAAP EPS and free cash flow immediately after close SANTA CLARA, CA and YOKNEAM, Israel (STL.News) – NVIDIA and Mellanox today announced that … Continue reading Business News: NVIDIA to Acquire Mellanox for $6.9 Billion

Business News: IPG Photonics Announces Agreement to Acquire Padtec Submarine Networks Division

OXFORD, MA – Jan. 22, 2019 – IPG Photonics Corporation (NASDAQ: IPGP) today announced that it has signed a definitive agreement to acquire the submarine networks division (SND) of Padtec SA, a communications equipment company based in Brazil.  Padtec SND is a provider of submarine networking technology and systems.  The transaction has been approved by … Continue reading Business News: IPG Photonics Announces Agreement to Acquire Padtec Submarine Networks Division

Business News: WEC Energy Group acquires 80 percent ownership in Coyote Ridge Wind Farm

MILWAUKEE, WI – Jan. 8, 2019 – WEC Energy Group (NYSE: WEC) today announced that the company has acquired an 80 percent ownership interest in Coyote Ridge Wind Farm, under construction in Brookings County, South Dakota. The Coyote Ridge project is being developed and will be operated by Avangrid Renewables, a subsidiary of AVANGRID, Inc. … Continue reading Business News: WEC Energy Group acquires 80 percent ownership in Coyote Ridge Wind Farm

Business News: Pentair Announces Definitive Agreement to Acquire Aquion

Acquisition to Provide Access to Affiliated Dealer Network for Residential Water Treatment Business LONDON – Jan. 7, 2018 – Pentair plc (NYSE:PNR), a leading water treatment company, today announced that it has entered into a definitive agreement to acquire Aquion for $160 million in cash, subject to customary adjustments.  Aquion offers a diverse line of … Continue reading Business News: Pentair Announces Definitive Agreement to Acquire Aquion

Business News: Gatan Acquisition Requires Further UK Review

WALTHAM, MA and SARASOTA, FL – Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, and Roper Technologies, Inc. (NYSE: ROP), a leading diversified technology company, today announced that Thermo Fisher’s pending acquisition of Gatan, Inc., a wholly owned subsidiary of Roper, requires further review by the Competition and Markets Authority (CMA) … Continue reading Business News: Gatan Acquisition Requires Further UK Review

Business News: Emerson Completes Acquisition of iSolutions Inc.

Acquisition expands Emerson’s consultancy strength and digital transformation expertise ST. LOUIS, MO – Emerson (NYSE: EMR) yesterday announced it has acquired iSolutions Inc., a Canadian-based consulting group with expertise designing and implementing data management solutions. iSolutions provides organizations with decision-support tools to make data-driven production and operational decisions based on the analysis of real-time insights … Continue reading Business News: Emerson Completes Acquisition of iSolutions Inc.

Business News: Huntington Ingalls Industries Acquires G2 Inc.

VA –  Huntington Ingalls Industries (NYSE:HII) announced today that it has acquired G2 Inc., a nationally recognized cybersecurity solutions and services company headquartered in Annapolis Junction, Maryland. G2 will join HII’s Technical Solutions division. Financial terms of the transaction are not being disclosed. G2 provides pioneering solutions to the most significant challenges affecting the nation’s … Continue reading Business News: Huntington Ingalls Industries Acquires G2 Inc.

Business News: Tyson Foods Completes Acquisition of Keystone Foods

Tyson Foods Completes Acquisition of Keystone Foods Purchase supports Tyson Foods’ valued-added and international growth strategies SPRINGDALE, AR – Tyson Foods, Inc. (NYSE: TSN) has successfully completed the acquisition of Keystone Foods from Marfrig Global Foods.  The purchase of Keystone, a leading supplier of chicken, beef, fish and pork to the growing global foodservice industry, … Continue reading Business News: Tyson Foods Completes Acquisition of Keystone Foods

Business News: Cimarex to acquire Delaware Pure-Play Resolute for $1.6 Billion

DENVER, CO – Cimarex (NYSE: XEC) and Resolute Energy Corporation (NYSE: REN) (“Resolute”) today announced that Cimarex has entered into a definitive agreement to acquire Resolute in a cash and stock transaction valued at $35.00 per share, or a total purchase price of approximately $1.6 billion, including Resolute’s long term debt of $710 million, as … Continue reading Business News: Cimarex to acquire Delaware Pure-Play Resolute for $1.6 Billion

Business News: Leggett & Platt To Acquire Elite Comfort Solutions For $1.25 Billion

– Combined company will be leading provider of differentiated products for the bedding industry – Significantly expands presence in growing specialty foam and hybrid boxed bed market segment – Opportunity to leverage Elite Comfort Solutions’ substantial and proprietary R&D capabilities and technologies – ECS Fiscal Year 2018 sales of $611 million; EBITDA margins accretive to … Continue reading Business News: Leggett & Platt To Acquire Elite Comfort Solutions For $1.25 Billion

Business News: Stifel Europe to Acquire Germany’s MainFirst

London – Stifel Nicolaus Europe Limited (“Stifel Europe”), a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), today announced that it has agreed to combine with MainFirst, an independent European investment bank offering equity brokerage and equity capital markets services to institutions and corporations in key European markets.  As a consequence, Stifel Europe is acquiring MainFirst Bank … Continue reading Business News: Stifel Europe to Acquire Germany’s MainFirst

Business News: Stifel to Acquire First Empire

ST LOUIS, MO – Stifel Financial Corp. (NYSE: SF) yesterday announced an agreement to acquire First Empire Holding Corp. and its subsidiaries, including First Empire Securities, Inc., an institutional broker-dealer specializing in the fixed income markets.  Terms of the transaction were not disclosed. Based in Hauppauge, New York, First Empire provides a full range of fixed income products … Continue reading Business News: Stifel to Acquire First Empire

Business News: Caleres Announced Acquisition of Vionic

ST. LOUIS, MO – Caleres (NYSE: CAL) a diverse portfolio of global footwear brands, October 18, 2019, announced it has acquired Vionic Group for $360 million, subject to certain adjustments.  The acquisition of Vionic allows Caleres to continue to expand its Brand Portfolio and gives it additional access to the growing contemporary comfort footwear category. … Continue reading Business News: Caleres Announced Acquisition of Vionic

LONDON | Coca-Cola to buy Costa coffee chain for $5.1 billion

LONDON — Coca-Cola is to plug a gap in its portfolio with the acquisition of the Costa coffee brand from British firm Whitbread for 3.9 billion pounds ($5.1 billion) in cash. The deal represents a big return to Whitbread, which bought Costa in 1995 for 19 million pounds. Since then, Costa has grown from just … Continue reading LONDON | Coca-Cola to buy Costa coffee chain for $5.1 billion

DUBAI, United Arab Emirates | Saudi Arabia says it ‘remains committed’ to Aramco IPO

DUBAI, United Arab Emirates  — Saudi Arabia says it “remains committed” to an initial public offering of the state-run oil behemoth Saudi Aramco despite delays and growing speculation it may never be listed. Saudi Energy Minister Khalid al-Falih issued a statement early Thursday saying “timing will depend on multiple factors, including favorable market conditions, and … Continue reading DUBAI, United Arab Emirates | Saudi Arabia says it ‘remains committed’ to Aramco IPO

NEW YORK | Nod for Disney’s $73.1B acquisition of Fox entertainment

NEW YORK — Disney’s $71.3 billion acquisition of Twenty-First Century Fox’s entertainment division is one step closer after shareholders approves the deal Friday. The tie-up brings together Marvel’s X-Men and Avengers franchises and creates an entertainment behemoth in the digital streaming era. The shareholder vote caps a saga that began in December 2017, when Disney … Continue reading NEW YORK | Nod for Disney’s $73.1B acquisition of Fox entertainment

MBK Senior Living Completes Largest Acquisition in Company History

IRVINE, Calif./ July 6, 2018 (STL.News) — MBK Senior Living (MSL) announces the close of escrow on nine new senior living communities located in California, Washington and Arizona. This acquisition marks the company’s largest single purchase and expands the portfolio to 34 owned and managed communities located throughout the Western United States. Acquired for $382 … Continue reading MBK Senior Living Completes Largest Acquisition in Company History

Rowley Law PLLC is Investigating Proposed Acquisition of Abaxis, Inc.

NEW YORK, NY – Rowley Law PLLC is investigating potential claims against Abaxis, Inc. (NASDAQ: ABAX) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by Zoetis Inc. Stockholders will receive $83.00 for each share of Abaxis, Inc. stock that they hold.  The transaction is valued at approximately … Continue reading Rowley Law PLLC is Investigating Proposed Acquisition of Abaxis, Inc.

Oracle Buys Aconex

Creates the World’s Most Comprehensive Cloud Offering for Managing All Aspects of Construction Projects – Oracle Buys Aconex REDWOOD SHORES, CA/December 17, 2017 (STL.News) – Oracle (NYSE: ORCL) today announced that it has entered into an agreement with Aconex Limited (ASX: ACX), a leading cloud-based solution that manages team collaboration for construction projects, for A$7.80 … Continue reading Oracle Buys Aconex

Bass Pro completes $4 billion acquisition of Cabela’s

OMAHA, NE/September 26, 2017 (AP)(STL.News) — Bass Pro Shops’ roughly $4 billion acquisition of rival outdoor retailer Cabela’s is complete, but the small western Nebraska town that has been home to Cabela’s is still wondering about its future. Monday’s closing announcement didn’t address how many of the roughly 2,000 Cabela’s jobs will remain in Sidney, … Continue reading Bass Pro completes $4 billion acquisition of Cabela’s

TricorBraun Acquires Pennsylvania-Based Packaging Supplier

ST. LOUIS, Sept. 18, 2017 (STL.NEWS) — TricorBraun has acquired Continental Packaging Associates (www.cpapackaging.com), a third-generation, family-owned packaging supplier, according to Keith Strope, President and CEO, of TricorBraun. “CPA is a great strategic fit with a good legacy and reputation,” said Strope. “It’s family-owned, much like TricorBraun started out.” For more than 60 years, Continental … Continue reading TricorBraun Acquires Pennsylvania-Based Packaging Supplier

Coldwell Banker Residential Brokerage Reinforces Its Unparalleled Real Estate Services With Latest Acquisition

CHICAGO/ Sept. 13, 2017 (StlRealEstate.News) — Coldwell Banker Residential Brokerage in Chicago announced today it has acquired the Chicago-based assets of City Point Realty LLC, which does business as City Point Realty. Coldwell Banker Residential Brokerage is part of NRT LLC, the nation’s largest residential real estate brokerage. The company has 34 affiliated agents and a Chicago … Continue reading Coldwell Banker Residential Brokerage Reinforces Its Unparalleled Real Estate Services With Latest Acquisition

Panera Bread Company And JAB Complete Acquisition

ST. LOUIS, MO/July 18, 2017 (STL.News) The marriage between Panera Bread Company and JAB is official. On Tuesday, St. Louis-area based Panera Bread Company announced the successful completion of the acquisition of Panera by an investment vehicle of JAB Consumer Fund and JAB Holding Company.  Under the terms of the transaction, Company shareholders will receive $315 … Continue reading Panera Bread Company And JAB Complete Acquisition

Colorado’s Largest Private Homebuilder Joins Clayton Properties Group

MARYVILLE, TN July 6, 2017 (STL.NEWS) Clayton Properties Group, a division of Clayton, a Berkshire Hathaway company and one of America’s largest homebuilders, today announced it has acquired Oakwood Homes, Colorado’s largest privately held homebuilder* and community developer, and the approximately 18,000 lots it owns and controls, effective July 3, 2017. Oakwood Homes is the … Continue reading Colorado’s Largest Private Homebuilder Joins Clayton Properties Group

Amazon-Whole Foods deal hammers grocery stores; Dow ticks up

NEW YORK/June 16, 2017 (AP)(STL.News) — Amazon’s $13.4 billion deal for Whole Foods sent grocery stores, big retailers, and food makers and distributors plunging Friday. Energy companies rose while other stocks were little changed. It’s rare for a single deal to have a big effect on the broader stock market, but Amazon’s agreement to buy … Continue reading Amazon-Whole Foods deal hammers grocery stores; Dow ticks up

Midland States Bancorp, Inc. Completes the Acquisition of Centrue Financial Corporation

EFFINGHAM, IL/June 13, 2017 (STL.NEWS) — Midland States Bancorp, Inc. (NASDAQ:MSBI) (“Midland”) recently announced it has completed its acquisition of Centrue Financial Corporation (NASDAQ:CFCB) (“Centrue”), the parent company of Centrue Bank. As a result of the transaction, Centrue Bank is now a wholly owned subsidiary of Midland. The transaction brings Midland’s total assets to approximately … Continue reading Midland States Bancorp, Inc. Completes the Acquisition of Centrue Financial Corporation