This week M&A has featured prominently with multiple acquisitions taking place all around the world.
Starting in the United States, Altaris Capital Partners is to acquire Analogic in a $1.1 billion deal. The accepted offer equated to $84 a share, which is a 12% discount on the company’s closing share price on Tuesday.
Acquisitions in the healthcare sector globally continued with Swiss Novartis agreeing to acquire AveXis for $8.7 billion.
Tenneco has reached an agreement to take over Federal-Mogul for $5.4 billion. Activist investor Carl Ichan is selling his nearly 20-year held investment in Federal-Mogul.
Verifone Systems is set to be taken over by an investment group led by Francisco Partners for $2.58 billion. The group includes British Columbia Investment Management Corporation. The acquisition fee includes the value of the company’s debt.
Brazil’s Marfrig Global Foods has reached an agreement to acquire 51% of US company National Beef Packing in a $969 million deal.
Moving to India, Saudi Aramco has signed a joint venture agreement with state-owned Indian refiners to build a $44 billion oil refinery in Maharashtra. When complete the facility will have capacity to produce 18 million tonnes of oil per year.
In China, Tianjin Tianhai Investment is planning to acquire Dangdang’s e-commerce assets for Rmb7.5 billion. Tianjin Tianhai will raise up to Rmb4.06 billion in a private placement to fund the deal.
Moving on to Sweden, Alexion Pharmaceuticals is set to acquire Wilson Therapeutics for SEK7.1 billion. The deal will enable Alexion to expand capacity in producing drugs for treating rare diseases.
In Poland, BNP Paribas is set to take over Raiffeisen Bank Polska in a Zl3.25 billion deal.
In Denmark, DFDS reached an agreement to acquire Un Ro-Ro for €950 million on a debt-free basis. The target company is the operator of five freight shipping routes between France, Italy and Turkey.