Merger & Acquisition News

PARSIPPANY, N.J. & TEANECK, N.J.--(BUSINESS WIRE)--Zoetis Inc. (NYSE:ZTS) and Phibro Animal Health Corporation (Nasdaq: PAHC) today announced that they have entered into a definitive agreement where Phibro Animal Health will acquire Zoetis’ medicated feed additive (MFA) product portfolio, certain water soluble products and related assets for $350 million, subject to customary closing adjustments. This transaction is expected to be complete in the second half of calendar year 2024. Both Zoetis a...

LANCASTER, Pa. & PHILADELPHIA--(BUSINESS WIRE)--Fulton Financial Corporation (NASDAQ: FULT) (the “Corporation”) today announced that its bank subsidiary, Fulton Bank, N.A. (“Fulton”), has acquired substantially all of the assets and assumed substantially all of the deposits of Republic First Bank, doing business as Republic Bank (“Republic Bank”), from the Federal Deposit Insurance Corporation (the “FDIC”). All regulatory approvals, including approval from the Office of the Comptroller of the C...

TOLEDO, Ohio & TAMPA, Fla.--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a leader in global building and construction materials, and Masonite International Corporation (“Masonite”) (NYSE: DOOR), a leading global provider of interior and exterior doors and door systems, today announced that, in connection with the previously announced tender offer (the “Tender Offer”) by Owens Corning and consent solicitation (the “Consent Solicitation”) by Masonite, they have extended the early participation dead...

SCOTTS VALLEY, Calif.--(BUSINESS WIRE)--Paystand acquires Teampay, an industry-leading spend management software company. The transaction creates a B2B payments powerhouse....

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the mergers of First Trust Energy Income and Growth Fund (NYSE American: FEN), First Trust MLP and Energy Income Fund (NYSE: FEI), First Trust New Opportunities MLP & Energy Fund (NYSE: FPL) and First Trust Energy Infrastructure Fund (NYSE: FIF) (the “Target Funds” or each, individually, a “Target Fund”), each a closed-end management investment company managed by FTA and sub-advised by Energy Income Partn...

DENVER--(BUSINESS WIRE)--Phoenix Capital Group, a leading oil and gas mineral rights company, has acquired 1,500 net royalty acres in Utah's highly productive Uinta Basin. The company has spent over $60MM to-date in the Uinta Basin. Since April 2023, the newly acquired 1,500 net royalty acres have generated approximately $6.3 million in royalties income for the seller. Phoenix Capital Group adjusted the final purchase price accordingly. The assets have an estimated lifetime revenue of $144 mill...

SACRAMENTO, Calif.--(BUSINESS WIRE)--Inszone Insurance Services, a rapidly growing national provider of commercial, personal, and benefits insurance, is excited to announce its recent acquisition of Kipper Insurance Agency of California (KIAC), an independent insurance agency founded by Robert Kipper in 1987. The story of KIAC is a testament to the enduring legacy of the Kipper family in the insurance sector. Robert Kipper, inspired by his father's 32-year tenure as a captive agent and his own...

LOS ANGELES & PARIS--(BUSINESS WIRE)--OpenGate Capital (“OpenGate”), a global private equity firm, announced today that it has completed the sale of SMAC, a provider of waterproofing and building envelope systems, to Compagnie Financière Jousset (“CFJ”) and the SMAC management team. Terms of the transaction were not disclosed. SMAC was established in 1884 and has grown into a leader in the French waterproofing and facades market. OpenGate acquired the business in 2019 from Colas Group, a subsid...

DENVER--(BUSINESS WIRE)--Today, Alterra Mountain Company has announced the closing of the purchase of Mike Wiegele Helicopter Skiing (MWHS) in Blue River, British Columbia, Canada, further expanding the company’s premium heli-skiing portfolio, complementing CMH Heli-Skiing & Summer Adventures. “With the acquisition of Mike Wiegele Helicopter Skiing, we are excited to add another premier heli-skiing operation to the Alterra family,” said Jared Smith, President & CEO of Alterra Mountain C...

NEW YORK--(BUSINESS WIRE)--Computershare Limited (ASX: CPU) has announced that it has agreed to acquire BNY Trust Company of Canada from BNY Mellon (NYSE: BK) through its Canadian trust company, Computershare Trust Company of Canada. BNY Trust Company of Canada was established in 2001 and offers a range of trust and agency services in Canada to clients, including issuers, corporations, banks and government entities. “We’re delighted to be bringing the experienced team at BNY Trust Company of Ca...