It was a busy week for mergers and acquisitions in the tech and finance industry, and commodities with big names such as Qualcomm (QCOM), UniCredit (OTCPK:UNCFF), Squarespace (SQSP), US Steel (X) grabbing headlines.
In the technology space, Qualcomm (QCOM) has reportedly explored the possibility of acquiring portions of Intel’s (INTC) tab design business to boost the company’s product portfolio.
Permira increased its buyout offer for Squarespace (SQSP) to $46.50 per share in cash, resulting in an aggregate transaction value of approximately $7.2 billion, the companies said on Monday.
American Tower (AMT) said it has closed the sale of its 100% equity interests in its operations in India to Data Infrastructure Trust. The firm said the total cash proceeds to the company were ~$2.5B.
Frontier Communications (FYBR) meanwhile edged lower after it was disclosed that private equity owner Cerberus reduced its stake after Verizon (VZ) agreed to buy the telecom firm for almost $10 billion.
While educational technology company Instructure (INST) disclosed that the HSR waiting period for its planned $4.8 billion sale to KKR (KKR) has expired. The HSR waiting period expired on Monday, according to an 8-K filing on Thursday.
In finance, Mastercard (MA) grabbed headlines on Thursday after it announced a deal to acquire global threat intelligence company Recorded Future from Insight Partners for $2.65B.
Italy’s UniCredit (OTCPK:UNCFF) (OTCPK:UNCRY) bought a 9% stake in Germany’s Commerzbank (OTCPK:CRZBF) (OTCPK:CRZBY), a move that has reignited speculation about potential mergers in the banking sector.
Among energy deals, Abu Dhabi National Oil Company, known as Adnoc, plans to acquire German chemicals giant Covestro for 14.4 billion euros ($15.9 billion) including debt, the Financial Times reported.
Methanex Corporation (MEOH) to acquire OCI Global’s international methanol business for $2.05 billion.
Energy Fuels (UUUU) +2.8% in Thursday’s trading after receiving approval from the Federal Court of Australia for its proposed acquisition of Base Resources (OTCPK:BSRUF) through the country’s Corporations Act.
While in the metals’ industry, US Steel (X) jumped 7% as a Nippon Steel (OTCPK:NPSCY) executive was reportedly in Washington to meet with U.S. officials in an effort to salvage its planned $14 billion purchase of US Steel.
AngloGold Ashanti (AU) agreed to buy British gold producer Centamin (OTCPK:CELTF) in a deal valuing it at $2.5 billion.
In the consumer world, Alimentation Couche-Tard (TSX:ATD:CA) once again made headlines as Bloomberg reported that the company was exploring improving its takeover offer for Seven & i (OTCPK:SVNDY), but the revised bid would need to be significantly higher to get the 7-Eleven owner to engage in negotiations.
Vista Outdoor (VSTO) rose as it again delayed a shareholder vote on the sale of its ammunition unit to Czechoslovak Group as is reviews an increased takeover offer from MNC Capital.
The offer values Vista at $2.51 billion, a 12.30% premium over Vista’s last closing price of $38.29 on Friday, according to Reuters calculation and LSEG data.
General Mills (GIS) has agreed to sell its North American yogurt business in cash transactions valued at an aggregate of $2.1B.
In pharma, Alimera Sciences (ALIM) pared an earlier drop to 6% after it said it filed a lawsuit against ANI Pharmaceuticals (ANIP) to compel the company to close its acquisition of Alimera.
