The Virginia-based confectionery, pet care, and food products giant has unveiled an offering to help finance its takeover of Pringles maker Kellanova in what is expected to be one of the largest acquisition financing deals this year.
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THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
    Mars Wrigley 700 HARRISON KEELY

    PHOTO: HARRISON KEELY

    Mars prices $26B 8-part bond, highlights big M&A financing week

    The Virginia-based confectionery, pet care, and food products giant has unveiled an offering to help finance its takeover of Pringles maker Kellanova in what is expected to be one of the largest acquisition financing deals this year. Read here

      Microsoft’s $13B OpenAI tie-up gets UK clearance

      Britain’s antitrust watchdog has concluded that the deal between the two American companies doesn’t qualify for a full probe under merger rules, ending months of uncertainty over the tie-up. Read here

      PHOTO: MIKE MOZART

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      Onsemi discloses Allegro takeover bid at $6.9B 

      The Arizona-headquartered semiconductor manufacturer is offering $35.10 per share for the New Hampshire-based magnetic sensors and power chip specialist, up from a proposal of $34.50. Read here

      PHOTO: ALLEGRO MICROSYSTEMS

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      NEWS WORTH NOTING

      NEWS WORTH NOTING

      Tesla to build new megafactory in Texas

      The Texas-situated electric vehicles pioneer is establishing its Megapack energy products building measuring over 1 million square feet near Katy to operate a battery storage facility, citing a tax agreement. Read here

      PHOTO: TESLA

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      DEALS ROUNDUP

      • Ex-Ares exec secures $2B Millennium backing for new firm
      • Klarna to fundraise at least $1B in US initial public offering  
      • Flex raises $225M in equity and debt funding led by Titanium
      • SpecterOps secures $75M Series B for cybersecurity solutions
      • Zeitview snags $60M for visual AI for critical infrastructure
      • Grain receives over $50M in funding led by Bain Capital   
      • Bluebird Kids Health closes $31.5M funding for R&D efforts
      • Biotech Trimtech Therapeutics nabs $31M in seed funding 
      • Graid Technology completes $30M in Series B funding round
      • Freed secures $30M Series A for AI medical documentation

        INTERNATIONAL MARKETS

        UK competition body clears $35B Synopsys-Ansys deal

        Britain's regulator has approved the chip-design-software maker’s deal to buy the simulation software firm after accepting certain remedies from the US companies. Read here

        Seven & i to sell non-core shares to Bain for $4.7B

        The Japanese operator of the 7-Eleven convenience store chain is likely to offload most of its non-core business holding company stake to the Boston-based investment firm. Read here

        UAE’s $51B pledge for Turkey struggles to take off

        Abu Dhabi’s intended investment is faltering two years after it was announced, as a rebound in Ankara’s economic fortunes has emboldened local firms. Read here

          Ecopetrol plans $2B more debt to fund acquisitions

          Colombia's majority state-owned oil producer is planning to raise additional debt to finance investments, and would consider seeking funds from banks and capital markets. Read here

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