Merger & Acquisition News

PARIS--(BUSINESS WIRE)--Regulatory News: Vivendi (Paris:VIV) and Pershing Square Tontine Holdings, Ltd. (PSTH), represented by Chief Executive Officer Bill Ackman, have entered into discussions for Vivendi to sell 10% of the Universal Music Group (UMG BV) share capital to PSTH, prior to the distribution of 60% of the UMG shares and its listing. This transaction would be based on an enterprise value of €35 billion for 100% of the UMG BV share capital, subject to the authorization given by Vivend...

NEW YORK--(BUSINESS WIRE)--Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) (“PSTH”), a special purpose acquisition company, confirmed today that it is in discussions with Vivendi S.E. (“Vivendi”) to acquire 10% of the outstanding Ordinary Shares of Universal Music Group B.V. (“UMG”) for approximately $4 billion, representing an enterprise value of €35 billion for UMG. Later this year, after Vivendi completes its previously announced listing of UMG on Euronext Amsterdam, PSTH plans to distrib...

NEW ORLEANS & MEMPHIS, Tenn.--(BUSINESS WIRE)--Liberty Bank and Trust Company and its parent holding company, Liberty Financial Services, Inc. (collectively, “Liberty”) and Tri-State Bank of Memphis (“Tri-State”) today jointly announced their agreement whereby Tri-State Bank of Memphis will be acquired by Liberty Bank and Trust Company in an all-cash transaction. Both Liberty and Tri-State are Minority Depository Institutions as defined by the Federal Deposit Insurance Corporation. The acquisit...

RESTON, Va.--(BUSINESS WIRE)--Science Applications International Corp. (NYSE: SAIC) announced today that it has entered into a definitive agreement to acquire Halfaker and Associates, LLC, a leading federal health technology solutions provider, for $250 million, growing the company’s digital transformation portfolio. Halfaker is headquartered in Arlington, Virginia, with an Agile Delivery Center in Clearwater, Florida. The company is known for its ability to create, modernize, integrate, and se...

MADRID--(BUSINESS WIRE)--The Colonial Group has approved a simplification of the shareholding structure of its subsidiary SFL which reinforces its Real Estate exposure in Paris and consists in: a contribution by Predica, personal insurance subsidiary of Crédit Agricole Assurances to Colonial of a 5% stake in Société Foncière Lyonnaise (SFL); and a share and assets swap between SFL and Predica whereby Predica will transfer to SFL an 8% stake in SFL in the context of the SFL share buy-back progra...

WALNUT CREEK, Calif.--(BUSINESS WIRE)--The Arcticom Group, the fastest growing family of mechanical services and HVACR companies in the U.S., makes its debut north of the border in Canada....

SANTA MONICA, Calif.--(BUSINESS WIRE)--Sole Source Capital LLC, an industrial-focused private equity firm, announced today that its portfolio company, Dallas Plastics, a leading manufacturer of blown polyethylene film with printing, embossing, and other value-added capabilities for the medical, food, and industrial end markets, has acquired Hi-De Liners, Inc. Terms of the transaction were not disclosed. Headquartered in Orange, MA, Hi-De Liners is a manufacturer of blown high-density polyethyle...

PASO ROBLES, Calif.--(BUSINESS WIRE)--Pearce Renewables, a leader in engineering, operations, and maintenance for renewable energy infrastructure acquired Mortenson Energy Services, LLC (“MES”) to create the leading independent service provider to the renewable energy industry. Within the last year, Pearce Renewables has assembled best-in-class operations and maintenance companies and leaders serving utility-scale wind, solar, electric vehicle (EV) charging, and battery energy storage system in...

OTTAWA, Ontario & CALGARY, Alberta--(BUSINESS WIRE)--Digital transformation specialist Fully Managed acquires Wappo Information Services, expanding its Microsoft Azure cloud services practice....

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Winning by Design continues to expand with the acquisition of a sales strategy consulting firm and with new senior appointments....