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.
Google parent in talks to buy cybersecurity startup Wiz for $23bn.
Cerberus in talks to buy €2bn Spanish portfolio from Hoist.
You can access today’s complete newsletter?here .
Scroll down for more…
Investment companies ARKHOUSE and Brigade Capital Management, LP failed to acquire Macy's , an American department store chain, for $6.9bn.
"As the Board has consistently demonstrated throughout this process, we are open-minded to exploring all paths to enhancing shareholder value. At this time, after careful review, we have concluded that Arkhouse and Brigade’s proposal lacks certainty of financing and does not deliver compelling value, notwithstanding the significant time, resources, and information shared during this process. The Board fully supports A Bold New Chapter strategy, and we believe it provides the best opportunity for value creation," Paul Varga, Macy’s Lead Independent Director.
Cleveland-Cliffs , an American steel manufacturer specialized in the mining, beneficiation, and pelletizing of iron ore, agreed to acquire STELCO - The Steel Company of Canada , a Canadian steel company, for $2.5bn.
“I want to first recognize Alan Kestenbaum and the Stelco team for the remarkable turnaround they executed at Stelco, turning what was an underperforming asset under previous ownership into a very cost-efficient and profit-oriented company. In the process, they restored the Canadian national pride associated with Stelco, and we are going to continue that. We did this deal the way it should be done, reaching a respectful agreement between the two parties that keeps national interests at the forefront and recognizes the importance of the workforce," Lourenco Goncalves , Cliffs Chairman of the Board, President and CEO.
Stelco is advised by BMO Capital Markets , RBC Capital Markets , A&O Shearman , McCarthy Tétrault and Stikeman Elliott LLP . Cleveland-Cliffs is advised by J.P. 摩根 , Moelis & Company , 富国银行 , Blake, Cassels & Graydon LLP and Davis Polk & Wardwell LLP .
阿斯利康 , a pharmaceutical company, completed the acquisition of Amolyt Pharma , a global, clinical-stage biopharmaceutical company, from Sofinnova Partners , a European life sciences venture capital firm, and EQT Life Sciences , a healthcare investor, for $1.05bn.?
"Congratulations to the Amolyt team on its proposed acquisition by AstraZeneca. Leading Amolyt's Series C financing round in January 2023 was an honor. This milestone demonstrates Sofinnova's investment thesis in action, showcasing our commitment to supporting innovative European companies during their critical growth stage. In Amolyt's case, it exemplifies our commitment to supporting a company developing groundbreaking solutions in a later stage of development for rare disease patients," Cédric Moreau , Sofinnova Partner.
Amolyt Pharma was advised by Centerview Partners , 高盛 , Cooley LLP (led by Laura Berezin and Marc Recht ), Jones Day (led by Geoffroy Pineau-Valencienne ), LifeSci Public Relations (led by Ashley Robinson ) and StrategiesImage (led by Anne Rein ). AstraZeneca was advised by 富而德律师事务所 (led by Sebastian Fain ). Sofinnova was advised by Havas Publidom .
Google parent in talks to buy cybersecurity startup Wiz for $23bn.
谷歌 parent Alphabet Inc. is in advanced talks to acquire cybersecurity startup Wiz for roughly $23bn in a deal that would represent the technology giant's biggest acquisition ever, Reuters reported.
The deal, being funded mostly in cash, could come together this week. Wiz, founded in Israel and now headquartered in New York, is one of the fastest-growing software startups globally, providing cloud-based cybersecurity solutions with real-time threat detection and responses powered by artificial intelligence.
Cerberus in talks to buy €2bn Spanish portfolio from Hoist.
Cerberus Capital Management is one of the frontrunners to buy a Spanish bad loan portfolio worth more than €2bn ($2.2bn) from Hoist Finance , 彭博资讯 reported.?
The process is in the final stages and expected to close by late July. Cabot Credit Management and KRUK S.A. are also vying to acquire the assets.
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 .