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Novo Nordisk To Acquire Dicerna Pharmaceuticals for $3.3 Billion

Kimberly Redmond | Equities.com |

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. https://www.novonordisk.com/content/nncorp/global/en/news-and-media/news-and-ir-materials/news-details.html?id=87435 

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 | Equities.com |

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).


Keep Your Friends Close, But Your Enemies Closer — Part II

Michael McTague | Equities.com |

In this second entry in the payback series, we look at actions taken by companies and governments to get back at unfair treatment by others. One of the most dramatic examples is Venezuela not paying back its debts to companies such as Conoco (COP) and to bondholders and preventing outside oil companies from doing business in the nation with the greatest amount of oil reserves worldwide. At first glance, it may appear that Venezuela got away with its efforts to take over...


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

Kimberly Redmond | Equities.com |

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 | Equities.com |

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.


Stellantis and Samsung SDI Form Joint Venture for Electric Vehicle Batteries

Kimberly Redmond | Equities.com |

Automaker Stellantis NV (NYSE: STLA) has formed a joint venture with South Korean battery maker Samsung SDI to produce electric vehicle batteries for its North American auto assembly plants.

On Friday, Stellantis, which counts Jeep, Dodge, Ram and Chrysler among its brands, said it is reviewing locations for a future lithium-ion battery plant and aims to begin operating by the first half of 2025. The new facility will have an initial annual production capacity of 23 gigawatt hours with the ability to increase up to 40 gigawatt hours in the future, the companies said.


Keep Your Friends Close, But Your Enemies Closer — Part I

Michael McTague | Equities.com |

Revenge represents an amazing human activity. In business, kicking opponents when they are down comes with the territory. As Huawei struggles with US government sanctions, Xiaomi steps in to introduce competing products and grab market share. Former Communists learn quickly about the free market economy. No employee at Facebook (FB) asks the giant to go easy on My Space (Private). Remember My Space? No Apple (AAPL) ...


Emerson Electric To Merge Industrial Software Businesses With Aspen Technology

Kimberly Redmond | Equities.com |

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. https://www.bloomberg.com/news/articles/2021-10-06/emerson-is-said-to-be-in-talks-about-deal-with-aspen-technology 

...


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

Kimberly Redmond | Equities.com |

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 | Equities.com |

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.


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