Acquisition
Search documents
Recommended Cash Acquisition of Schroders plc by Nuveen, LLC
Prnewswire· 2026-02-12 07:50
Core Viewpoint - Nuveen has announced a recommended cash acquisition of Schroders for approximately £9.9 billion, which will create a leading global asset management firm with nearly $2.5 trillion in assets under management [1][2] Transaction Overview - The acquisition will involve Nuveen acquiring the entire issued and to-be-issued share capital of Schroders, with each shareholder entitled to receive cash consideration of £5.90 per share, totaling £9.5 billion [1] - In addition to the cash consideration, Schroders shareholders can receive dividends of up to 22 pence per share prior to completion, bringing the total valuation to £9.9 billion [1] - The transaction has been unanimously approved by the Boards of Directors of both companies and is expected to close in Q4 2026, pending shareholder and regulatory approvals [1][2] Strategic Rationale - The merger aims to enhance growth opportunities for wealth and institutional investors by combining complementary platforms, capabilities, and distribution networks [1] - The combined entity will focus on creating new investment solutions across various asset classes, including equities, fixed income, private capital, and real estate [1] - London will remain the non-US headquarters of the combined group, reinforcing its role as a global financial center [1] Commitment to Heritage and Culture - Nuveen plans to maintain Schroders' operational independence for at least 12 months post-transaction, with Richard Oldfield continuing as CEO of Schroders [1] - The transaction is positioned as a way to respect and build upon Schroders' established brand and heritage [1] Shareholder Support - The Principal Shareholder Group Trustee Companies, holding approximately 41% of Schroders shares, have committed to vote in favor of the transaction [2]
Here's Why QXO Stock Shot Higher Today
Yahoo Finance· 2026-02-11 16:08
Group 1 - QXO has announced the acquisition of Kodiak Building Partners for a total of $2.25 billion, consisting of $2 billion in cash and the remainder in common stock [3] - Kodiak generated approximately $2.4 billion in revenue in 2025, offering a range of products including lumber, trusses, windows, and doors [3] - The acquisition aligns with QXO's strategy to leverage a recent $3 billion capital raise aimed at funding qualifying acquisitions by July 15, 2026 [2] Group 2 - QXO's stock price increased by as much as 12.5% following the acquisition announcement, reaching a 52-week high [1][4] - The North American building products distribution industry is valued at $800 billion, positioning QXO as a tech-enabled disruptor in this market [2] - The timing of the acquisition may benefit QXO significantly if there is a rebound in the North American construction market [4]
Investindustrial Completes Acquisition of TreeHouse Foods
Prnewswire· 2026-02-11 14:00
Core Viewpoint - Investindustrial has successfully completed the acquisition of TreeHouse Foods for a total enterprise value of $2.9 billion, marking a significant transaction in the food and beverage sector [1]. Acquisition Details - TreeHouse Foods shareholders will receive $22.50 per share in cash and one contingent value right (CVR) per share, with the CVR linked to potential proceeds from ongoing litigation [1]. - The cash consideration represents an equity value of $1.2 billion, reflecting a 38% premium over TreeHouse Foods' closing share price on September 26, 2025, and a 29% premium to the company's 30-day volume-weighted average share price on the same date [1]. Company Transition - Following the acquisition, TreeHouse Foods will no longer be listed on the New York Stock Exchange and will operate as a private company [1]. Advisory and Legal Support - Goldman Sachs & Co. LLC acted as the financial advisor for TreeHouse Foods, while Lazard, RBC Capital Markets, and Deutsche Bank provided financial advisory services to Investindustrial [1]. - Legal counsel for TreeHouse Foods was provided by Jones Day, and Investindustrial was represented by Skadden, Arps, Slate, Meagher & Flom LLP [1]. Company Background - TreeHouse Foods is a leading manufacturer of private brands in the snacking and beverage sector in North America, focusing on customer engagement and operational efficiencies to drive growth [1]. - Investindustrial is a prominent European investment group with €17 billion in raised fund capital, emphasizing sustainability and mid-market company support [1].
好莱坞的诅咒与Netflix的十年征服史,深扒华纳兄弟收购案始末|传媒巨头系列
硅谷101· 2026-02-11 00:00
Streaming giants launch surprise attack: "Have you destroyed Hollywood?" "No, we are saving Hollywood." Oracle and its parent company respond hostilely after eight rejections from the century-old studio. This isn't a new blockbuster trailer, but rather the twists and turns of Hollywood's biggest acquisition in reality. On December 5th of last year, Netflix dropped a bombshell , planning to acquire the century-old Hollywood giant Warner Bros.for $82.7% billion. Discovery , but the game had only just begun. J ...
Warner Bros. Discovery Confirms Receipt of Further Amended Unsolicited Tender Offer from Paramount Skydance
Prnewswire· 2026-02-10 17:25
Core Viewpoint - Warner Bros. Discovery (WBD) has received an unsolicited amended tender offer from Paramount Skydance Corporation to acquire all outstanding shares of WBD common stock, and the WBD Board will review this offer while maintaining its current recommendation regarding the Netflix Merger Agreement [1][2]. Group 1: Tender Offer Details - The amended tender offer from Paramount Skydance is aimed at acquiring all outstanding shares of WBD common stock [1]. - WBD's Board of Directors will review the offer in consultation with independent financial and legal advisors [1]. - WBD stockholders are advised not to take any action regarding the amended tender offer at this time [1]. Group 2: Advisory and Legal Counsel - Financial advisors for WBD include Allen & Company, J.P. Morgan, and Evercore [1]. - Legal counsel for WBD consists of Wachtell Lipton, Rosen & Katz and Debevoise & Plimpton LLP [1]. Group 3: Company Background - Warner Bros. Discovery is a leading global media and entertainment company with a diverse portfolio of brands including HBO Max, CNN, and Discovery Channel [1]. - The company focuses on creating and distributing branded content across various platforms such as television, film, streaming, and gaming [1]. Group 4: Regulatory and Filing Information - WBD has filed a solicitation/recommendation statement with the SEC regarding the tender offer [1]. - Investors are encouraged to read all relevant documents filed with the SEC for important information about the tender offer [1].
X @Bloomberg
Bloomberg· 2026-02-10 14:23
UniFirst is now in active discussions to be acquired by Cintas, people familiar with the matter said, after years of on and off attempts at a potential deal https://t.co/2zipMc6oVa ...
TrustBIX Inc. Announces Letter of Intent to Acquire 100% of Output Provider Solutions Inc.
TMX Newsfile· 2026-02-10 14:15
Core Viewpoint - TrustBIX Inc. has signed a non-binding Letter of Intent to acquire Output Provider Solutions Inc., aiming to enhance its technology platform and expand its service offerings in the agriculture and agri-food ecosystem [1][5]. Proposed Transaction Overview - TrustBIX will acquire 100% of OPS's shares in exchange for up to 5,000,000 units, each consisting of one common share and one warrant, allowing the purchase of a common share at $0.08 for two years [3]. - The completion of the transaction is contingent upon due diligence, board approvals, third-party approvals, and the signing of a Definitive Agreement by February 27, 2026 [5]. Company Profiles - TrustBIX is an agricultural technology company focused on providing Gate to Plate® solutions to promote trust and sustainability in the food supply chain [7]. - OPS is a technology services company based in Edmonton, Alberta, offering connected communications and productivity software across multiple countries [2]. Leadership and Strategic Intent - Paris Lee, CEO of OPS, will continue to lead OPS post-acquisition, focusing on revenue growth and client delivery [4]. - TrustBIX's CEO, Hubert Lau, emphasized that the acquisition will strengthen TrustBIX's platform and enhance its ability to deliver value-added products and services [5].
NEXGEL Announces Financing of $1.797 Million Relating to an Acquisition Targeted to Close in the First Quarter of 2026, Subject to the Completion of Due Diligence
Globenewswire· 2026-02-10 14:00
Core Viewpoint - NEXGEL, Inc. has announced a financing of $1.797 million for a potential acquisition targeted for the first quarter of 2026, pending due diligence completion [1][2]. Group 1: Financing and Acquisition Details - The financing includes an upfront commitment of $1.797 million from an investor, with a potential additional investment of $14.869 million related to the acquisition, subject to due diligence and other conditions [2]. - The funds will be returned to the investor if the acquisition is not completed [1]. - Palladium Capital Group, LLC acted as the placement agent for this transaction [2]. Group 2: Company Overview - NEXGEL is a provider of healthcare, beauty, and over-the-counter products, specializing in ultra-gentle, high-water-content hydrogel products [4]. - The company has over two decades of experience in developing and manufacturing electron-beam, cross-linked hydrogels [4]. - NEXGEL's brands include SilverSeal, Hexagels, Turfguard, Kenkoderm, and Silly George, and it has strategic manufacturing relationships with leading consumer healthcare companies [4].
Lone Star Completes Acquisition of Hillenbrand
Prnewswire· 2026-02-10 13:38
Core Viewpoint - Lone Star Funds has successfully completed the acquisition of Hillenbrand, Inc. in an all-cash transaction valued at approximately $3.8 billion, marking a significant milestone for both companies [1]. Group 1: Acquisition Details - The acquisition was announced on October 15, 2025, and received shareholder approval on January 8, 2026 [1]. - Following the completion of the acquisition, Hillenbrand's common stock will cease trading and will be delisted from the New York Stock Exchange [1]. Group 2: Company Statements - Kim Ryan, President and CEO of Hillenbrand, expressed confidence in the partnership with Lone Star and emphasized a focus on customer service and growth [1]. - Donald Quintin, CEO of Lone Star, highlighted Hillenbrand's potential for growth and innovation with the new investment [1]. Group 3: Company Backgrounds - Hillenbrand is recognized as a global industrial company providing highly-engineered processing equipment and solutions, serving markets such as durable plastics, food, and recycling [1]. - Lone Star is a leading investment firm with over 30 years of experience in private equity, credit, and real estate, managing approximately $95 billion in capital commitments across 25 private equity funds since its inception [1].
X @BSCN
BSCN· 2026-02-09 19:05
🚨JUST IN: MR. BEAST ACQUIRES STEP - A TEEN FOCUSED FINANCIAL SERVICES APP IN BILLION-DOLLAR DEALMrBeast shared the news in a post on X, saying he wants to give “millions of young people the financial foundation I never had.”CJ MacDonald, Step’s CEO and co-founder, said the partnership would allow the company to scale its offerings and reach new users through Beast Industries’ audience. ...