Key deals this week: Chart Industries, Northwind Midstream, AbbVie, Palo Alto Networks and more

Deal 3d word with magnifying glass

matdesign24/iStock via Getty Images

Here’s a list of key deals reported across sectors this week:

  • Baker Hughes (NASDAQ:BKR) said Tuesday it agreed to acquire Chart Industries (NYSE:GTLS) for $210/share in cash, representing an enterprise value of $13.6B, confirming earlier speculation.
  • McEwen (NYSE:MUX) said Monday it agreed to acquire Canadian Gold (OTCQB:STRRF) in an all-stock deal valuing each Canadian Gold share at C$0.35, a 26% premium to its 30-day average.
  • SAP (NYSE:SAP) Friday said that it would acquire SmartRecruiters, a talent acquisition software provider.
  • MPLX (NYSE:MPLX) said Thursday it agreed to acquire Northwind Midstream, a developer of infrastructure for gathering, treating, and processing natural gas in New Mexico’s Delaware Basin, for $2.375B in cash, confirming earlier speculation.
  • Quanta Services (NYSE:PWR) said Thursday it agreed to acquire Dynamic Systems, one of the largest mechanical solutions providers in the U.S., for ~$1.35B, consisting of $1.15B in cash and $200M of Quanta common stock.
  • AbbVie (NYSE:ABBV) is reportedly in talks to acquire privately held mental health drug developer Gilgamesh Pharmaceuticals in a deal valued at around $1 billion.
  • Piper Sandler (NYSE:PIPR) has agreed to acquire G Squared Capital Partners, a Washington, D.C. area-based boutique investment bank specializing in government services and defense technology.
  • Chinese ecommerce platform JD.com (NASDAQ:JD) on Wednesday said it has decided to make a voluntary public takeover offer for German electronics retailer Ceconomy (OTCPK:MTAGF) (OTCPK:MTTRY) for a cash consideration of EUR 4.60 per share.
  • Palo Alto Networks (NASDAQ:PANW) has agreed to acquire identity security firm CyberArk (NASDAQ:CYBR) at an equity value of approximately $25B for CyberArk.
  • Verisk (NASDAQ:VRSK) has agreed to acquire AccuLynx for $2.35 billion in cash to augment its network capabilities across the insurance claims and restoration ecosystem.

Leave a Reply

Your email address will not be published. Required fields are marked *