Mergers and Acquisitions

Novo Nordisk To Acquire Dicerna Pharmaceuticals for $3.3 Billion

Kimberly Redmond | |

Danish drugmaker Novo Nordisk A/S plans to buy US-based biotech Dicerna Pharmaceuticals Inc in a $3.3 billion cash deal.

Under the terms of the agreement announced Thursday, Novo will pay $38.25 per share in cash, an 80% premium to Dicerna’s closing price on Nov. 17. 

Based in Lexington, Massachusetts, Dicerna’s drug development has...

Heineken To Acquire Control of Distell and Namibia Breweries in $4.6 Billion Deal

Kimberly Redmond | |

Dutch beer giant Heineken NV (OTC: HEINY) has struck a deal to acquire Distell Group Holdings Ltd (OTC: DSTZF) and a controlling interest in Namibia Breweries to form a South African drinks group worth 4 billion euros ($4.6 billion).

Under the terms of the agreement announced Monday, Heineken will acquire Distell in a deal that values the company at around 2.2 billion euros ($2.5 billion).

Coca-Cola Acquires Full Ownership of Bodyarmor for $5.8 Billion

Kimberly Redmond | |

The Coca-Cola Company (KO) has acquired full ownership of premium sports drink maker BodyArmor Sports Nutrition in its largest ever brand acquisition.

Bloomberg News reported last week that a deal was imminent based on confidential sources.

T. Rowe Price To Acquire Oak Hill Advisors for $4.2 Billion

Kimberly Redmond | |

T. Rowe Price Group Inc plans to acquire credit manager Oak Hill Advisors for $4.2 billion, marking its first big expansion into private markets as part of a bid to grow beyond its mutual fund retirement business.

On Thursday, the Baltimore-based money management firm said it will pay cash and stock to acquire 100% of the equity of Oak Hill, which, as of July 31, has $53 billion of capital under management.

Emerson Electric To Merge Industrial Software Businesses With Aspen Technology

Kimberly Redmond | |

Industrial software maker Emerson Electric Co will merge two of its businesses with smaller rival, Aspen Technology Inc, in a deal worth $11 billion. 

The cash-and-stock transaction announced Monday values AspenTech at about $160 per share, a 27% premium to its Oct. 6 close, before Bloomberg News first reported on talks between the two companies. 


Intuit To Acquire Mailchimp for $12 Billion in Cash and Stock

Kimberly Redmond | |

Intuit Inc (Nasdaq: INTU) announced Monday it will buy privately held digital marketing company Mailchimp for $12 billion in cash and stock, uniting the two providers of services for small businesses.

Intuit, best known for its popular financial software TurboTax and QuickBooks, said the acquisition will boost its offerings for businesses looking for ways to reach and service customers online.

State Street To Acquire Brown Brothers Harriman's Investor Services Business for $3.5 Billion

Kimberly Redmond | |

State Street Corporation (NYSE: STT) announced it has agreed to acquire the investor services business of investment bank Brown Brothers Harriman & Co’s (BBH) for $3.5 billion in cash.

Under the terms of the deal announced Tuesday, State Street will acquire BBH’s custody, accounting, fund administration, global markets and technology services operations.

Intuit in Discussions To Acquire Mailchimp for More Than $10 Billion

Kimberly Redmond | |

Intuit Inc (Nasdaq: INTU), the accounting, tax filing and financial planning software giant, is in talks to buy Mailchimp, an Atlanta-based digital marketing company, for more than $10 billion, Bloomberg News reported Wednesday.

Citing sources familiar with the matter, Bloomberg noted that a final decision has not yet been made and that another buyer could also emerge.

Baxter in Advanced Talks To Acquire Medical Equipment Maker Hill-Rom for $10 Billion

Kimberly Redmond | |

Baxter International Inc (NYSE: BAX) is reportedly in advanced talks to acquire medical equipment maker Hill-Rom Holdings Inc (NYSE: HRC) for about $10 billion and a deal could be reached by mid-week.

Citing sources familiar with the matter, The Wall Street Journal reported on Sunday that the transaction would value Hill-Rom at around $150 per share, a 13% premium to the stock’s closing price of $132.90 on Friday.

ION Group Raises Bid for Cerved to $2.35 Billion

Kimberly Redmond | |

Dublin-based fintech firm ION Group upped its takeover bid to 1.99 billion euros ($2.35 billion) for Italian credit risk analysis and credit management company Cerved Group (Milan: CERV).

In a press release Thursday, ION's Castor Bidco unit announced its revised bid of 10.20 euros per share, a 53.6% premium over Cerved’s weighted share price over the past 12 months prior to ION's initial bid of 9.50 euros per share on March 8, 2021.

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