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Sunday, May 19, 2024

Blackstone Snags College Housing Leader for Nearly $13 Billion

Blackstone Inc. will buy university housing giant American Campus Communities for $12.8 billion in an all-cash transaction, the investment firm announced in mid-April. The per-share price of the deal is $65.47, nearly 14% higher than American Campus' last stock close prior to the agreement...

Société Générale Makes Clean Exit From Russia, Selling Rosbank Unit

French bank Société Générale has cut ties with Russia, selling off its Rosbank operation to a firm with oligarch connections. In leaving the country, Société Générale will lose €3.1 billion, or $3.3 billion, in the sale to Interros Capital...
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AMD to Buy Pensando For $1.9 Billion

Semiconductor company Advanced Micro Devices (AMD) announced in early April that it will purchase distributed services platform maker Pensando in a $1.9 billion deal, excluding working capital and other adjustments. The sale is expected to close in the second quarter...
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HP To Acquire Video Conferencing Provider Poly For $3.3 Billion

Looking to bolster its hybrid office business, HP Inc. has recently announced a major deal to acquire Poly, a global provider of videoconferencing hardware, conference phones, and headsets, for $3.3 billion, or $40 per share, which will include Poly debt...
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Berkshire Hathaway Purchases Alleghany For $11.6 Billion, Further Expands Insurance Portfolio

Ending Warren Buffett's six-year drought of large acquisitions, his conglomerate Berkshire Hathaway recently made a deal to buy insurance company Alleghany Corp. for $11.6 billion. Berkshire agreed to pay $848.02 in cash per share, representing a 25% premium over Alleghany’s March 18 stock price...
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Intel To Spend $36 Billion To Make Chips In Europe

Intel has recently announced that it will invest more than €33 billion ($36 billion) in supporting chipmaking across the European Union. The EU is aiming to become more self-reliant when it comes to the manufacture of semiconductors...
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Software AG Acquires StreamSets, Looks To Expand Into World Of Data...

In a deal valued at more than $580 million, Software AG is acquiring data integration platform developer StreamSets. Software AG, which develops digital business and application integration software, described the acquisition as the first of a larger merger and acquisition effort...

TD Makes Biggest Ever Purchase With $13.4 Billion Deal For First...

In order to expand its footprint in the southeastern United States, Toronto-Dominion Bank Group will buy First Horizon Corp for $13.4 billion in cash, betting on rapid population growth in the region with its record acquisition...

Regulatory Scrutiny Mounts For Chinese Stocks Listed In The U.S.

Chinese internet platform companies with more than one million users will have to get government approval before listing overseas, following the country’s Cyberspace Administration’s (CAC) issuing of new rules earlier this month. To stay public beyond the U.S., if regulation here forces companies to delist from New York...
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Chip Maker AMD Is Optimistic About Xilinx Purchase

Chip giant AMD expects its $35 billion acquisition of Xilinx will be good for business. Following the deal’s close in early February, CEO Dr. Lisa Su said that buying the San Jose-based semiconductor manufacturing company would help AMD grow past its competition by 20%...

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