M&A

 Mergers & Acquisitions News (M&A)

• Apartment REITS AvalonBay Communities and Equity Residential agreed to merge in a $69B all-stock deal, including debt Reuters

• Cosmetics giant Estée Lauder and Spanish peer Puig ended talks to create an over $40B enterprise Financial Times

• Motion and control tech firm Parker-Hannifin will acquire aero parts supplier Circor Aerospace from KKR for $2.55B Reuters

• $2B-listed theater chain IMAX is exploring a sale to entertainment companies Wall Street Journal

• Work boot and apparel brand Brunt ‌Workwear is exploring a sale or a strategic investment at an over $1B valuation Reuters

• Authentic Brands Group will acquire the Lee denim brand from Kontoor Brands in a $1B deal Yahoo.Finance

• Adhesives manufacturer H.B. Fuller offered to acquire UK medical bandage maker Advanced Medical Solutions Group for $805M cash at a 30% premium days after sale talks with a PE firm failed  Reuters

• Anthropic's new PE-backed consulting JV will acquire enterprise AI platform Fractional AI, who will end its deal with OpenAI Yahoo.Finance

• Sports streaming platform DAZN is weighing a merger with DirecTV Latin America Reuters

• PE firm Lone Star Funds is exploring a sale of German lender IKB nearly two decades after acquiring the bank Bloomberg

Euronext ruled out a merger with Deutsche Boerse in the ​near future despite merits Reuters