Here’s a list of key deals reported across sectors this week:
Tri Pointe Homes (TPH) stock surged 27% in Friday premarket trading after Sumitomo Forestry (SMFRF) agreed to acquire the home builder in an all-cash transaction valued at ~$4.5B, in the Japanese company’s bid to ramp up
British asset manager Schroders (SHNWF) agreed to be acquired by U.S. firm Nuveen for £9.9 billion ($13.5 billion), with the founding family exiting after 222 years.
Great Lakes Dredge & Dock (GLDD) +4.6% premarket Wednesday after privately owned Saltchuk Resources agreed to acquire the company for ~$1.5B in total transaction value.
QXO (QXO) has agreed to acquire Kodiak Building Partners from Court Square Capital Partners for around $2.25B. The purchase price comprises $2B of cash and 13.2M shares, with QXO retaining the right to repurchase these shares at $40 per share.
Clear Channel Outdoor (CCO) on Monday said it has entered into an agreement to be acquired by Mubadala Capital, in partnership with TWG Global, at an enterprise value of $6.2 billion.
Valaris (VAL) was up 15.7% premarket Monday after Transocean (RIG) agreed to acquire the company in an all-stock deal valued at ~$5.8B, creating an offshore drilling industry leader with a fleet of 73 rigs, including 33 ultra-deepwater drillships, nine semisubmersibles, and 31 modern jackups.