The Canadian oil and gas firm is set to combine with its New York-listed peer in an all-share deal including debt, where Veren shareholders will receive 1.05 common shares of Whitecap for each Veren common share held.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: WHITECAP
Whitecap Resources and Veren
merge to form $10.4B energy giant
The Canadian oil and gas firm is set to combine with its New York-listed peer in an all-share deal including debt, where Veren shareholders will receive 1.05 common shares of Whitecap for each Veren common share held. Read here
Vista and Harvest weigh $4B sale of Granicus
The American private equity firms are exploring a potential sale of the Denver-based government-services software provider in a deal that will be overseen by investment banks Jefferies and William Blair. Read here
PHOTO: GRANICUS
Rocket to take Redfin private in $1.75B deal
The Michigan-based firm that operates Rocket Mortgage and Rocket Money is set to acquire the Washington-based technology-powered real estate brokerage in an all-stock transaction. Read here
PHOTO: REDFIN
NEWS WORTH NOTING
Beacon buys specialty sealant firm DM Figley
The leading distributor of roofing and related exterior products has acquired the California-based waterproofing and concrete repair specialist, which operates in Menlo Park, Anaheim, Oakland, and Sacramento.Read here
The operators of the London-based market research group are exploring the sale of the division amid reports that the group is set to be broken up and sold. Read here
Japan Post prices $4B bank unit stake sale at high end
The Japanese conglomerate has sold shares of Japan Post Bank in the nation’s biggest stock sale marking the latest disposal in the group’s decade-long privatization effort. Read here
Assura shares rise on $2.1B bid from KKR, Stonepeak
The British healthcare real estate investment trust is considering an offer from the US private equity groups, pushing shares of the medical center investor up 14%. Read here
Hillhouse to deploy up to $2B annually in Japan
The global private equity firm is set to significantly expand its presence in the country with plans to invest more annually, while nearly doubling its local headcount. Read here