Essex Property Trust Inc. (ESS), an apartment landlord on the U.S. West Coast, has made an offer to acquire BRE Properties Inc. (BRE) for about $5 billion, two people with knowledge of the matter said.
MADRID (Reuters) – A sale of nationalized Spanish bank NCG Banco, a former savings bank based in the north-western region of Galicia, should be wrapped up by the end of the year, the head of Spain’s bank restructuring fund Fernando Restoy said on Wednesday.
BETHESDA, Md., Dec. 4, 2013 /PRNewswire/ — American Capital Mortgage Investment Corp. (Nasdaq: MTGE) (“MTGE” or the “Company”) announced today that, through a subsidiary, it has acquired Residential Credit Solutions, Inc. (“RCS”), a licensed mortgage servicer based in Fort Worth, Texas. Formed in 2006, RCS has an experienced management team and a fully-developed, scalable infrastructure.(…)
General Motors Co. is severing its ownership ties with Ally Financial Inc. by selling its remaining stake in its former lending arm, according to people familiar with the matter. The so-called private placement deal is worth around $900 million, one of the people said.
MILAN (Reuters) – Italy’s Veneto Banca is planning to sell its controlling stake in Banca Intermobiliare (BIM.MI) as part of measures to strengthen the regional lender’s capital base. In a statement on Wednesday, Veneto Banca said it expected the sale to add around 100 basis points to its common equity tier 1 capital ratio (CET(…)
Cambridge Education Group (‘CEG’), the specialist provider of foundation programmes and English language training for international students wishing to prepare for university, is to be acquired by Bridgepoint, the international private equity firm, in a transaction totalling £185 million in enterprise value and resulting in an acquisition multiple of 11x current year forecast EBITDA. The(…)
HOUSTON (BUSINESS WIRE)–Duma Energy Corp. (OTCQB: DUMA) announced today it has signed a Definitive Stock Exchange Agreement with Hydrocarb Corporation whereby 100% of all the outstanding stock of Hydrocarb will be acquired by Duma. Duma’s board of directors approved the acquisition and the agreement was signed on November 27, 2013 after receiving an independent oil(…)
MILAN (BUSINESS WIRE) – Marcolin SpA, through its affiliate Marcolin USA, and HVHC Inc., announced today that it has finalized the acquisition of VIVA International, the second largest eyewear company in the Americas and the ninth largest worldwide. Marcolin will bring its historical handcrafted expertise, focused management and strong financial background to VIVA’s current strong(…)
CHARLOTTE, N.C. (PRNewswire) – SPX Corporation (NYSE:SPW) today announced that it has entered into a definitive agreement to sell its 44.5% joint venture interest in EGS Electric Group LLC to Emerson Electric Co. for $571 million. The sale is expected to close in the first quarter of 2014. As a result of this sale, SPX(…)
BERWYN, PA. (PRNewswire) – AMETEK, Inc. (NYSE: AME) today announced that it has acquired Powervar, a leading provider of power management systems and uninterruptible power supply (UPS) systems, for approximately $128 million. Headquartered in Waukegan, IL, the privately held company has annual sales of approximately $70 million. Powervar provides highly engineered and customized products designed(…)
TORONTO, ONTARIO – Chemtrade Logistics Income Fund (TSX: CHE.UN) (“Chemtrade”) announced today that it has entered into a definitive agreement to acquire Parsippany, New Jersey-based General Chemical Holding Company (“General Chemical”) for US$860 million in cash (the “Purchase Price”), subject to certain adjustments as described below (the “Transaction”). The Transaction will be structured as a(…)
PITTSBURGH and SAN DIEGO (PRNewswire) – ANSYS (NASDAQ: ANSS), a global leader and innovator of engineering simulation software, announced today that it has entered into a definitive merger agreement with Reaction Design, a leading developer of chemistry simulation software. The transaction is expected to close in January 2014. Management will provide further details regarding the(…)
BOCA RATON, FLA. (GLOBE NEWSWIRE) – SBA Communications Corporation (Nasdaq:SBAC) today announced that it has entered into a definitive agreement with certain subsidiaries of Oi SA (“Oi”), one of Brazil’s largest telecommunications service providers, and its affiliates, under which SBA will acquire 2,007 wireless sites in Brazil. Upon closing of the transaction, Oi will enter(…)
Ptch, the DreamWorks Animation-incubated mobile video startup, has been acquired by Yahoo. The app was launched just over a year ago and will shut down on January 2, 2014. Terms of the deal have not been disclosed.