MGM in talks with People, Vertex to acquire Crinetics for $10B, and more key deals this week

Corporate ActionM&A · Partnership
โดย Seeking Alpha·Read original
Summary · why it matters

MGM Resorts has reportedly started discussions with People for a potential buyout after Barry Diller’s media company offered to acquire the casino giant in a transaction worth $12.4 billion last month. Vertex Pharmaceuticals will acquire Crinetics Pharmaceuticals for a total equity value of about $10 billion, or nearly $8.8 billion net of estimated cash acquired. German engine manufacturer Deutz agreed to acquire military vehicle producer FFG Flensburger Fahrzeugbau Gesellschaft in a transaction valued at approximately €1.6 billion, or $1.8 billion. Perfect signed a definitive merger agreement with ProjectNY, an entity controlled by founder and CEO Alice Chang, under which the company will become privately held at $2.00 per share. Axos Nevada, a subsidiary of Axos Financial, announced a definitive agreement to acquire Arc Technologies, a financial technology platform serving technology and growth companies. Qiagen soared 11% after a report that the European molecular testing company is seeing early takeover interest from private equity firms including EQT AB and Advent. Marex Group agreed to acquire Bright Point International to strengthen its presence in the Asia-Pacific region and expand access to China's markets.

Impact on stocks 11

Biotech & Genomic Medicine · 3 stocks
Qiagen NV
QGEN
▲ PositiveCapitalrelevance

Qiagen soared 11% on report of early takeover interest from private equity firms.

Energy Transition & Power Demand · 2 stocks
Deutz AG
DEZ
▲ PositiveCapitalrelevance

Deutz agreed to acquire FFG Flensburger for €1.6B, expanding into military vehicles.

Digital Finance & Tokenization · 2 stocks
Axos Financial Inc
AX
▲ PositiveCapitalrelevance

Axos Financial subsidiary Axos Nevada acquires Arc Technologies, a fintech platform, expanding its capabilities.

Consumer Discretionary · 2 stocks
Artificial Intelligence · 1 stocks
Perfect Corp.
PERF
± MixedCapitalrelevance

Perfect signed a merger agreement to go private at $2.00 per share.

Communication Services · 1 stocks

Off-coverage companies 4

Arc TechnologiesPrivate▲ Positive
Capitalrelevance

Axos Financial subsidiary Axos Nevada agreed to acquire Arc Technologies.

Axos NevadaPrivate▲ Positive
Capitalrelevance

Axos Nevada, a subsidiary of Axos Financial, is acquiring Arc Technologies, a positive capital event.

Bright Point InternationalPrivate▲ Positive
Capitalrelevance

Bright Point International is being acquired by Marex Group, a positive capital event.

FFG Flensburger Fahrzeugbau Gesellschaft mbHPrivate▲ Positive
Capitalrelevance

FFG Flensburger Fahrzeugbau Gesellschaft is being acquired by Deutz, a positive capital event.