CVS Continues Shift into Comprehensive Care with $10.6 Billion Acquisition
CVS Health will acquire primary care clinic operator Oak Street Health for $10.6 billion. The purchase, which was announced by CVS in early February, comes five months after the company said it would buy home healthcare provider Signify Health for $8 billion...
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Global Leader in Cement to Acquire U.S. Roofing Manufacturer for $1.29...
The world’s largest cement manufacturer, Holcim AG, has announced it will buy U.S. roofing maker Duro-Last for $1.29 billion. The Swiss-based Holcim said it expects the recently-passed Inflation Reduction Act (IRA), with its allocations for nationwide construction projects, to create opportunities in the U.S...
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EV Maker Lotus Tech to Merge With L Catterton Asia Acquisition...
Luxury electric vehicle (EV) maker Lotus Tech Inc. and L Catterton Asia Acquisition Corp. will form a combined entity in a transaction valued at $5.4 billion, the companies recently announced. The merger will speed up Lotus Tech’s efforts to deliver sustainable, all-electric vehicles worldwide...
Eyeing Water Scarcity, Xylem to Buy Evoqua for $7.5 Billion
With risks surrounding the global water supply becoming increasingly apparent, tech company Xylem Inc. agreed in January to acquire Pittsburgh-based Evoqua Water Technologies Corp. in a $7.5 billion all-stock deal. Evoqua serves industrial, municipal, and recreational customers in nine countries. Evoqua shareholders will receive 0.480 new Xylem shares for each Evoqua share they own...
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Emerson Electric Makes $7.6 Billion Hostile Bid for National Instruments
Emerson Electric Co. has revealed a $7.6 billion bid for National Instruments Corp. (NI), which specializes in making automated testing and measurement tools for the semiconductor, transportation, aerospace, and defense industries. Emerson has been trying to buy NI for several months...
AstraZeneca to Enhance Heart and Kidney Line With CinCor Acquisition
AstraZeneca announced in early January that it will purchase drug developer CinCor Pharma, Inc. for up to $1.8 billion. CinCor has an experimental treatment for high blood pressure and chronic kidney disease currently in development. AstraZeneca plans to combine the drug, baxdrostat, with its diabetes medication Farxiga, which was shown to help patients with heart failure and kidney disease...
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Canadian Telecom Rivals May Merge, Tribunal Says
Following months of uncertainty, Canada’s antitrust tribunal cleared the way in late December for the $14.77 billion merger of Rogers Communications Inc. and rival Shaw Communications Inc., according to Reuters. The Commissioner of Competition had issued a plea to stop the transaction...
Flavor and Fragrance Leader IFF to Sell Savory Solutions Group to...
IFF, the S&P 500 flavor, fragrance, and cosmetics ingredients corporation, said it will enter into an agreement to sell its Savory Solutions Group to private equity firm PAI Partners for $900 million. The deal’s proceeds will be used mainly to reduce outstanding debt...
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L3Harris to Purchase Aerojet Rocketdyne for $4.7 Billion
Defense firm L3Harris Technologies Inc. recently announced it will buy missile engine-maker Aerojet Rocketdyne Holdings Inc. for $4.7 billion. Aerojet was the biggest maker of propulsion systems in the U.S. defense industry left as an independent company after Northrop Grumman Corp. acquired Orbital ATK Inc. in 2018 for $9.2 billion...
NRG Energy to Purchase Vivint Smart Home in $5.2 Billion Deal
NRG Energy, Inc., a Houston-based power company, said it will acquire Vivint Smart Home, Inc. for $2.8 billion in cash. The boards of directors of both companies have unanimously approved the deal. Provo, Utah-based Vivint makes home security products that incorporate artificial intelligence and machine learning and help to operate other automation gadgets, such as Amazon Echo and Google Home...
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Hertz Appoints Scott M. Haralson as Chief Financial Officer
Hertz Global Holdings, a prominent global rental car company, has announced the appointment of Scott M. Haralson as Chief Financial Officer. "His deep expertise in financial management and leveraging the capital markets to drive business transformation will be invaluable to Hertz as we rotate our fleet, deliver operational excellence, build greater cost discipline and undertake other key initiatives to improve our financial performance", stated Hertz CEO Gil West...
Navan Appoints Amy Butte as Chief Financial Officer
Navan, the comprehensive super app simplifying travel and expense management, announced the appointment of Amy Butte as Chief Financial Officer effective June, 2024. Butte, who joined Navan's Board of Directors in April 2024, has resigned from her role as Audit Committee Chair to assume this executive position...