The world’s largest equipment rental company has said it would acquire its smaller North Carolina-based rival as the Connecticut-based company looks to tap into demand for equipment rentals.
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THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS

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    PHOTO: UNITED RENTALS

    United Rentals to acquire

    H&E Equipment in $4.8B deal

    The world’s largest equipment rental company has said it would acquire its smaller North Carolina-based rival as the Connecticut-based company looks to tap into demand for equipment rentals. Read here

      Eli Lilly to buy Scorpion’s cancer therapy for $2.5B

      The Indiana-based pharmaceutical giant plans to buy an experimental oral therapy STX-478, which is in early-stage trials for advanced solid tumors, in a move to expand its pipeline of treatments. Read here

      PHOTO: ELI LILLY

      Eli Lilly 300

      Bakery franchise chain Crumbl explores $2B sale

      The owners of the Utah-based network of gourmet cookie bakeries are working with investment bank North Point on a sale process that could attract interest from private equity firms, according to reports. Read here

      PHOTO: MISSVAIN

      Crumbl 300

      Adams Outdoor expands reach with Cee Media

      The fourth-largest out-of-home advertising operator in the US has announced the acquisition of the Wisconsin-based billboard company in a move that amplifies its presence across the Midwest. Read here

      PHOTO: CYNDX

      acquirer predicterd this deal

      DEALS ROUNDUP

      • Cleveland-Cliffs eyeing all-cash bid for U.S. Steel, source say 
      • Pfizer going 'all in' on obesity drug development, CEO says 
      • Caidya receives $165M growth investment from Rubicon 
      • Sygnum grabs unicorn status with $58M strategic funding   
      • Ashvattha Therapeutics raises $50M in Series B extension
      • Bioptimus secures $41M to develop AI-based ‘GPT for biology’ 
      • Overland AI snags $32M in Series A funding led by 8VC
      • Raspberry AI raises $24M in Series A for product development  
      • I Squared Capital on verge of making buyout offer for HKBN 
      • Vagaro acquires scheduling software provider Schedulicity

        INTERNATIONAL MARKETS

        Bankers ready $3.7B on Reckitt Homecare unit sale 

        Lenders are putting together multi-currency deal offers that would tap investor appetite in both the leveraged loan and high-yield bond markets. Read here

        Apollo to weigh Tenneco India IPO at $2B valuation

        The New York-based alternative asset manager is considering listing the car parts supplier’s India unit, joining others that have done initial public offerings in the country. Read here

        KKR, CPPIB seek $1B debt to buy Axel Springer’s Aviv

        The lenders are preparing a loan to fund the sale of the German media company’s real estate ads unit as part of a plan to split the conglomerate, according to reports. Read here

          ADIA buys stake in Canadian firm in hedge fund push 

          A subsidiary of the $1 trillion Abu Dhabi sovereign wealth fund will progressively raise its exposure in Innocap Investment Management, according to a statement. Read here

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