Workday, Diversified Energy, Aurora Cannabis lead week's key deals

M&A · Partnership
โดย Seeking Alpha·GLOBAL·Read original
Summary · why it matters

Several major acquisition deals were reported across sectors this week. Workday soared 19% on a report that private equity firm Silver Lake is in talks to buy the software company. Diversified Energy is in advanced talks to acquire Elliott Investment Management-backed oil and gas company Birch Resources for more than $1.7 billion in cash. EQT Infrastructure offered to buy Cleanaway Waste Management in a deal that values the Australian listed firm at about A$6.9 billion, or $4.9 billion. H.B. Fuller said it received an unsolicited proposal from Ancora Holdings to buy its building adhesives solutions business for $1.1 billion to $1.2 billion in cash. Aurora Cannabis soared 21% after Curaleaf Holdings said it plans to make a $4 per share takeover bid, with Curaleaf rising 6.7%. H&R Real Estate Investment Trust agreed to be acquired by GO Residential Real Estate Investment Trust and a consortium including Blackstone, Crestpoint, PSP Investments and a company controlled by members of the family of H&R CEO Tom Hofstedter in a deal valued at about C$6.7 billion, including assumed debt. Israeli AI startup Decart is in advanced talks to be sold to a major tech firm for $6 billion to $7 billion. Jazz Pharmaceuticals announced it will acquire privately held Actio Biosciences for $820 million upfront and up to $500 million in potential milestones.

Impact on stocks 7

Artificial Intelligence · 2 stocks
Health Care · 1 stocks
Energy · 1 stocks
Materials · 1 stocks
H B Fuller Company
FUL
▲ PositiveCapitalrelevance

Received unsolicited proposal from Ancora to buy building adhesives business for $1.1-1.2B

Biotech & Genomic Medicine · 1 stocks
Cloud & Digital Infrastructure · 1 stocks
Workday Inc
WDAY
▲ PositiveCapitalrelevance

Silver Lake in talks to buy company, stock soars 19%

Off-coverage companies 9

Cleanaway Waste Management LtdPrivate▲ Positive
Capitalrelevance

EQT Infrastructure offered to buy Cleanaway Waste Management at A$6.9 billion, a premium acquisition proposal.

Actio BiosciencesPrivate± Mixed
relevance

Birch ResourcesPrivate± Mixed
relevance

Crestpoint Real Estate Investments Ltd.Private± Mixed
relevance

Decart AIPrivate± Mixed
relevance

Elliott Investment Management L.P.Private± Mixed
relevance

EQT InfrastructurePrivate± Mixed
relevance

Public Sector Pension Investment BoardPrivate± Mixed
relevance

Silver LakePrivate± Mixed
relevance