IN Pipeline 20181029 M&A


Our senior executives can fast track most deals.  Even mega deals.

#pickbyjd (& everyone pick):  IBM Corp’s $34 billion deal to buy Red Hat Inc RHT.N drove shares in the small but fast-growing software maker 50 percent higher on Monday, reflecting the huge premium IBM is paying to ward off any potential challenger bids.

Mega Deal

OTHER NEWS OF NOTE:

** Australian adult education provider Navitas Ltd rebuffed a A$1.97 billion ($1.4 billion) approach from its founder and a private equity firm, leaving some investors concerned the tactic may not generate a better deal.

** Takeda Pharmaceutical Co Ltd has proposed to European regulators it could sell a Shire treatment in development due to concerns of overlap in inflammatory bowel disease treatments and its own drug Entyvio as it seeks clearance for the two companies’ merger.

** Private equity firm EQT made a recommended 5.97 billion Swedish crown ($654 million) cash bid to buy Swedish specialty pharma group Karo Pharma.

** Hitachi has wrapped up a bitter feud with U.S. activist investor Elliott over Ansaldo STS, agreeing to buy the fund’s stake in the Italian rail signalling group as part of a move to take full control.

** Italian regional lender BPER is one of the possible partners for a tie-up with Unipol Banca, the CEO of Unipol group Carlo Cimbri told daily la Repubblica on Monday.

** Italian infrastructure group Atlantia and Spanish builder ACS have completed the joint acquisition of Spain’s Abertis in a 16.5-billion-euro ($19 billion) deal that creates the world’s biggest toll-road group.

** Germany’s ProSiebenSat.1 Media said it had bought U.S. online dating site eharmony, in the first significant deal since it carved out a new e-commerce joint venture with General Atlantic.

** A joint venture signed between defence company Leonardo and shipbuilder Fincantieri will favour Italy’s talks with France over a military shipbuilding deal, Leonardo CEO told Corriere della Sera.

** Greece’s privatisation agency said on Monday it signed a deal to sell railway maintenance company ROSCO (EESSTY) to TrainOSE, a subsidiary of Italian railway operator Ferrovie Dello Stato Italiane, for 22 million euros ($25.05 million).

** Cia Energética de Minas Gerais SA, Brazil’s No. 3 power utility, has received a “tentative offer” for its stake in the Santo Antônio hydropower dam, the company said in a securities filing, but no deal has been agreed on yet.

** Qatar’s Doha Bank has cut its exposure to the United Arab Emirates though an asset swap with UAE banks amid strained relations between the two countries, four sources said.

** The Italian railways is set to hold a board meeting on Monday afternoon to discuss an offer for the whole of flagship carrier Alitalia, a source close to the matter.

DISCLAIMER: This is a beta blog.  The information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website or venture capital firm for a press release as this is a beta blog that does not update information.

Author: JD Morris

Learn more about JD Biography on LinkedIn: http://www.linkedin.com/in/jdmorris

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