updated - November 23, 2020 Monday EST
TreeHouse Foods Inc. has announced in a press release that it will be acquiring the private brands operations of ConAgra Foods Inc. for $2.7 billion. The transaction will create the largest private label food and beverage manufacturer in the country.
Peet’s Coffee & Tea has announced in a press release that they are acquiring a majority stake in Intelligentsia Coffee. The acquisition gives Peet’s Coffee access to Intelligentsia’s third wave coffee movement and expand its offering of super-premium coffee.
International Business Machines Corp. (IBM) is close to acquiring Weather Co.’s digital and data assets, people familiar with the matter told The Wall Street Journal. One of the people said that the deal would be valued at more than $2 billion.
Walgreens Boots Alliance, Inc. has announced in a press release that it will be acquiring Rite Aid Corporation in an all cash transaction that is valued at approximately $17.2 billion, including acquired net debt. The acquisition expands Walgreens’ role of delivering high-quality retail pharmacy of choice for consumers in the U.S.
Duke Energy Corp. announced in a press release that it plans to acquire Piedmont Natural Gas Co., for approximately $4.9 billion in cash. The acquisition provides Duke Energy with a growing natural gas platform as demand for electricity in the U.S. softens.
SolarWinds, a leading provider of powerful and affordable IT management software, announced in a press release that it will be acquired by Silver Lake Partners and Thoma Bravo, LLC, for approximately $4.5 billion in cash. The two companies, which will take SolarWinds private, see the potential for the company to extend and grow.
New York City Mayor Bill de Blasio, local elected officials and tenant leaders have announced in a press release that the Blackstone Group L.P. and Ivanhoe Cambridge, a subsidiary of Caisse de dépôt et placement du Québec, a leading Canadian pension fund manager, will acquire Stuyvesant Town and Peter Cooper Village. The two companies have agreed to preserve the affordable apartments.
Aetna, Inc. announced in a press release that their shareholders and the shareholders of Humana, Inc. have approved the proposal related to Aetna acquiring Humana. The proposed acquisition now only needs the approval of federal regulators for the deal to push through.
Western Digital Corp. is in advanced talks with SanDisk Corp. in which Western Digital will acquire SanDisk, people familiar with the matter told Bloomberg. The people add that a deal could be reached as soon as this week. Reuters adds that the transaction continues the frenzy of dealmaking within the semiconductor industry.
Alibaba Group announced in a press release that it has made a non-binding proposal to acquire all the outstanding shares of Youku Tudou, Inc., including all the American depository shares (ADS) that Alibaba doesn’t already own. The transaction would expand the existing partnership between Alibaba and Youku Tudou.
Dell Inc. has announced in a press release that it will be acquiring EMC Corporation for approximately $67 billion. The combination of the two companies will create the world’s largest privately-controlled, integrated technology company.
The Blackstone Group will be acquiring BioMed Realty Trust, Inc. for $23.75 per share in an all-cash transaction that is valued at $8 billion, according to a press release issued by BioMed Realty. Blackstone believes in the long-term potential of the realty business sector that caters to tenants of life sciences industry.
Peet’s Coffee & Tea announced in a press release that they will be acquiring the ownership of Stumptown Coffee Roasters from its shareholders, including TSG Partners LLC, who holds a majority stake at Stumptown Coffee. Both companies will still continue to operate independently from each other with Peet’s Coffee providing Stumptown Coffee with full access to its resources and scale.
Gannett Co., Inc., owner of USA Today, has announced in a press release that it will be acquiring Journal Media Group, Inc. for approximately $280 million, net of acquired cash. The acquisition will enhance Gannett’s portfolio in the U.S. and increase its digital audiences.
AmerisourceBergen Corp. announced in a press release that it will be acquiring PharMEDium Healthcare Holdings, Inc. for $2.575 billion in cash from Clayton, Dubilier & Rice. The acquisition will expand AmerisourceBergen’s service offerings for health systems.