Merger & Acquisition News

PARIS--(BUSINESS WIRE)--Regulatory News: As previously announced in its press release dated December 9, 2021, Vivendi (Paris:VIV) acquired today 24,685,108 Lagardère shares from Amber Capital at a price of €24.10 per share. Vivendi now owns 63,693,239 Lagardère shares corresponding to 45.13% of the share capital. In February 2022 Vivendi will file a public tender offer for all Lagardère shares at €24.10 per share, identical to the price per share paid to Amber Capital. About Vivendi Since 2014,...

AMSTERDAM--(BUSINESS WIRE)--Accenture acquired Zestgroup, a services firm specializing in energy transitions, net carbon-zero projects and procurement of renewables....

PHILADELPHIA & IRVINE, Calif.--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) and Steadfast Apartment REIT, Inc. (“STAR”) today announced the completion of the merger transaction between the two companies, forming a combined company with an equity market capitalization of approximately $5.6 billion and a total enterprise value of approximately $8.3 billion, as of market close on December 15, 2021. The transaction was previously approved by both companies’ stockholders at t...

OVERLAND PARK, Kan. & MILFORD, Conn.--(BUSINESS WIRE)--Prime Capital Investment Advisors (PCIA) has announced its continued strategic expansion on the East Coast with its impending acquisition of Financial Network Limited (FNL). Based in Milford, Connecticut, FNL manages $325 million in assets. They provide clients with personalized investment strategies and have a distinct expertise in managing corporate retirement plans. FNL was founded in 1993 by Michael Del Re, Jr. with the goal of providin...

INDIANAPOLIS--(BUSINESS WIRE)--Vertellus, a manufacturer of specialty materials for various consumer goods, food, agriculture and healthcare markets, today announced the acquisition of Jarchem Innovative Ingredients (“Jarchem”), a global manufacturer and supplier of unique specialty ingredients and nature-based products. With this acquisition, Vertellus expands its offering of environmentally friendly ingredients and serves a growing global base of customers in high-growth Specialty, Personal,...

NEW YORK--(BUSINESS WIRE)--Target acquired! MCR — the country’s 4th-largest hotel owner-operator — has purchased the 229-room DoubleTree Suites by Hilton Minneapolis Downtown, a 12-story hotel conveniently positioned across the street from Target Corporation’s global headquarters. This is the third hotel MCR has acquired in the Minneapolis metropolitan area over the past 12 months, coming on the heels of The Chambers Hotel and the Hilton Garden Inn Minneapolis University Area. The city of Minne...

BIRMINGHAM, Ohio--(BUSINESS WIRE)--Bettcher Industries, a leading manufacturer of food processing equipment, announces that its acquisition by KKR is complete....

NEW YORK--(BUSINESS WIRE)--Suzy acquired beauty-focused research platform Poshly.com, which expands its category presence and qualitative research capabilities....

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) and Blackstone (NYSE: BX) today announced the closing of the previously disclosed transaction for Blackstone Real Estate Income Trust (BREIT), a yield-oriented, perpetual-life investment vehicle affiliated with Blackstone, to acquire AIG’s interests in a U.S. affordable housing portfolio. All AIG employees who supported the affordable housing portfolio full-time have been offered the option to join the Blackstone-affiliat...

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Pearlman Group (“Pearlman”), a portfolio company of The Stephens Group, LLC (“The Stephens Group”) and a leading multi-channel developer and specialty distributor of supplies, tools and equipment used in the fabrication, maintenance, cleaning and restoration of surfaces for residential, commercial, and industrial end-markets, announced that it has acquired Advanced Diamond Technologies, Inc. dba Vector Tools (“Vector”). Terms of the transaction were not discl...