Aerojet Rocketdyne Holdings Inc reportedly made a $2 billion offer to United Launch Alliance, the prime spacecraft launch service provider of Pentagon jointly owned by Boeing Co. and Lockheed Martin Corp.
Deals
Altice to buy Cablevision for $17.7bn including debt
Global cable group Altice is acquiring New York-based Cablevision for $17.7bn including debt. This makes Altice as the fourth largest cable provider in the US. Cablevision's CEO James Dolan will hand over the control to a group of Europeans after the Altice deal. Altice will pay $34.90 a share in cash taking the valuation of Cablevision equity to $9.6bn.
Brazilian PE firm 3G Capital eyes SAB Miller
Brazilian private equity (PE) major 3G Capital is mulling over a possible buyout of SAB Miller, maker of Miller, through its AnheuserBusch InBev, maker of Budweiser. Paving way for a major consolidation in the beer industry as the world's largest brewer AnheuserBusch InBev is bidding for SAB Miller, the second largest brewer. If the deal is successful, it'll be one of the top-6 global corporate takeovers in the history.
Vista Equity Partners to buy Solera Holdings Inc. for $6.5 B
Vista Equity Partner is nearing to close a deal to buy a Texas-based company, Solera Holdings for $55.85 per share in cash. The total valuation of the deal including Solera's net debt is said to be worth $6.5 billion. The purchase price represents a 13 percent premium to the company's stock value.
Oil Search Ltd rejects $8B takover offer by Woodside
Oil Search Ltd has refused the $8-billion takeover bid made by Woodside Petroleum Ltd, the biggest energy company in Australia. The rejection has turned out to be a major hurdle for Woodside Petroleum as the energy major is exploring low-cost LNG assets in Papua New Guinea (PNG), a nearby neighbor of Australia.
Latest News
BlackBerry Ltd announced Friday that it acquired Good Technology for $425 million to improve its position in the Apple world. BlackBerry expects to earn $160 million in revenue during the first year after the acquisition, which will close on November. This is according The Daly Mail UK. BlackBerry's shares listed in Toronto saw a 1.1 percent spike at C$7.97 in early during the trade. BlackBerry Chief Executive John Chen promised that their cash flow would remain positive overall. He said he sees a lot of opportunity to drive value for the company's stakeholders.
The $37B worth deal of Berkshire Hathaway Inc. with Precision Castparts Corporation, a major aircraft parts supplier of Boeing had encouraged more investors in the aircraft industry. However, Boeing had been delaying its suppliers' M&A contracts.
Giant South Korean web portal operator Naver Corp is yet to decide on when put its messenger app unit Line Corp on Initial Public Offering (IPO) due to the present volatility of the market.
First NBC Bank Holding Company and State Investors Bancorp, Inc. announced on August 27 that they will extend their merger agreement to December 31 this year.
Wang Jianlin, head of Dalian Wanda Group, agreed to buy the Ironman Triathlon races organizer in a deal amounting to $650 milion. The deal was announced Thursday in a move for Asia's richest man to diversify his sports fortfolio. The developer also mentioned the possibility of another sports related purchase before the year ends.
Schlumberger had announced conclusive merger agreement with Cameron in which both companies shall combine in a stock and cash transaction. The agreement was unanimously confirmed by the boards of directors of both companies on Thursday.
AOL recently acquired Ashe Avenue, its second acquisition after being acquired by Verizon. AOL also acquired Velos, a predictive analytics startup group that they also almost immediately shut down.
The Pentagon has decided to dispose of its ancient Humvees with a new fleet of trucks for combat. They tested out prototypes from AM General LLC, Lockheed Martin Corp and Oshkosh Corp in January.
Punch Taverns decides to sell 158 of its pubs to NewRiver for an agreed sum of £53.5 million. The decision to sell off its non-core businesses is in line with their goal to take care of its accumulated debts.
