MergerLinks Daily Review
MergerLinks
Join a community of 250,000+ M&A professionals. Expand your network and discover new business opportunities.
Welcome to MergerLinks Daily Review. Sign up here to get the full round up of your daily dose of blue-chip M&A news directly to your inbox.
Redstone ends discussions with Skydance media over the merger.
Intel delays construction on the Israel plant in an effort to manage global costs.
You can access today’s complete newsletter here.
Scroll down for more…
Banque Nationale du Canada , a commercial bank in Canada, agreed to acquire Canadian Western Bank , a full-service bank, for $3.6bn.
“We are proud to come together with National Bank and are confident that this combination will create incredible value for our clients, teams, communities and our shareholders. Together, we can offer Canadians more choice by combining CWB’s four-decade legacy of serving business owners and their families with National Bank’s scale, complementary market expertise and the technological capabilities necessary to accelerate our growth. Our two organizations share similar values grounded in an unwavering commitment to our clients, a deep history of entrepreneurship and a commitment to giving back in the communities we serve. We’re excited to build on this legacy together,” Chris Fowler, CWB CEO.
CWB is advised by J.P. 摩根 and Torys LLP . NBC is advised by Jefferies , Banque Nationale du Canada , Mayer Brown and?McCarthy Tetrault. CDPQ is advised by Fasken .
Matador Resources Company , an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources, agreed to acquire Ameredev , an oil and natural gas company, from EnCap Investments, a private equity firm, for $1.9bn.
“Matador is very excited to work with EnCap again on this strategic bolt-on opportunity. As with the successful Advance Energy deal we completed in April of 2023, we view the Ameredev transaction as another unique opportunity to work with EnCap and another value-creating opportunity for Matador and its shareholders," Joseph Wm. Foran, Matador Founder, Chairman and CEO.
EnCap Investments is advised by J.P. 摩根 and Vinson & Elkins . Matador is advised by Baker Botts (led by Preston Bernhisel and Jon Platt ).
Voodoo , a mobile apps and games publisher, completed the acquisition of BeReal. , a messaging app. Financial terms were not disclosed.
“Voodoo has a proven track record of driving significant growth in mobile apps. Their resources and expertise will help bring BeReal on a sustainable growth path while continuing to deliver on its mission to create an authentic world that keeps you connected with the people you really care about,” Alexis Barreyat, BeReal Founder and CEO.
BeReal was advised by J.P. 摩根 . Voodoo was advised by 博然思维集团 (led by Nicolas Grange ).
Redstone ends discussions with Skydance media over the merger.
Paramount Global Chair Shari Redstone has walked away from an offer to merge her family's media company with David Ellison's Skydance New Media , ending months of tense negotiations that would have capped the Redstones' decades-long run atop the owner of CBS and MTV Oy , Bloomberg reported.
A special committee of the board met on June 12 to discuss a complicated deal proposed by Ellison, which would have seen Redstone sell him her family's National Amusements, the holding company that controls 77% of the Paramount voting stock. But before the meeting was over, representatives for Redstone informed the committee that NAI had not come to a deal with Skydance, a dramatic reversal considering Redstone's initial support.
Intel delays construction on the Israel plant in an effort to manage global costs.
英特尔 will delay construction on its $25bn chip-manufacturing plant in Israel as the company works to pace its multi-billion-dollar investments in factories planned worldwide, Bloomberg reported.
The slowdown to Intel's plans is temporary. The company sent a note to some suppliers last month informing them of the delay. Intel said that the company remains "fully committed" to Israel and the region and that managing a large-scale project "often involves adapting to changing timelines."
Interested to find more? Sign up here to get full round up of your daily dose of blue-chip M&A news directly to your inbox.
You can access today’s complete newsletter here.