eResearch | Dealmaking last week covered the whole gamut from gas stations to retailers to gold miners, from online trading to ticket trading, and from champagne drinkers to cannabis smokers.
Alimentation Couche-Tard Inc. (TSX:ATD.B)
- Convenience store industry leader, Alimentation Couche-Tard Inc., announced that it has increased its offer to A$34.50/share from A$32.00/share for Caltex Australia, valuing the deal at an enterprise value of approximately A$10 billion.
- https://corpo.couche-tard.com/wp-content/uploads/2019/11/Couche-Tard-responds-to-Caltex-Australia-Final-11.26.2019.pdf
eBay Inc. (NasdaqGS:EBAY)
- EBay agreed to sell its ticketing reseller business unit StubHub to Viagogo, a worldwide ticket marketplace, for US$4.05 billion in cash.
- https://www.ebayinc.com/stories/news/viagogo-acquires-stubhub-from-ebay-for-4-05-billion/
Evolution Mining Limited (ASX:EVN)
- Evolution Mining announced that it has entered into an agreement with Newmont Goldcorp (NYSE:NEM) to acquire 100% of the Red Lake gold complex for US$375 million in cash plus an additional US$100 million upon a new resource discovery at the mine.
- https://evolutionmining.com.au/wp-content/uploads/2019/11/Acquisition-of-Red-Lake-Announcement.pdf
Hudson’s Bay Company (TSX:HBC)
- Hudson’s Bay Company confirmed receipt of an unsolicited proposal from Catalyst Capital Group Inc. to acquire the company for C$11 per share.
- Catalyst already owns 17.5% of Hudson’s Bay and their bid is higher than the C$10.30 per share proposal from the consortium led by its executive chairperson, Richard Baker.
- http://investor.hbc.com/news-releases/news-release-details/hudsons-bay-company-confirms-receipt-unsolicited-proposal
Kirkland Lake Gold Ltd. (TSX:KL)
- Kirkland Lake Gold and Detour Gold Corporation (TSX: DGC) announced that they have entered into an agreement whereby Kirkland Lake Gold will acquire all of the issued and outstanding securities of Detour Gold in exchange for 0.4343 of a Kirkland Lake Gold common share for each Detour Gold common share.
- The exchange ratio implies consideration of C$27.50 per Detour Gold common share, representing a 24% premium to the closing price of the Detour Gold shares on the TSX on November 22, and implies equity value of the transaction of approximately C$4.9 billion.
- https://www.klgold.com/news-and-media/press-release-details/2019/Kirkland-Lake-Gold-to-Add-New-Cornerstone-Asset-Through-Acquisition-of-Detour-Gold-Grows-Free-Cash-Flow-Mineral-Reserves-and-Production/default.aspx
Louis Vuitton Moët Hennessy (LVMH) (ENXTPA:MC)
- French luxury goods group LVMH reached an agreement to buy Tiffany & Co. (NYSE:TIF) for US $135 per share in cash, valuing the company at US$16.2 billion.
- http://press.tiffany.com/News/NewsItem.aspx?ID=372
The Charles Schwab Corporation (NYSE:SCHW)
- Charles Schwab and TD Ameritrade Holding Corporation (NasdaqGS:AMTD) announced that they have entered into an agreement for Charles Schwab to acquire TD Ameritrade in an all-stock transaction valued at approximately US$26 billion.
- https://pressroom.aboutschwab.com/press-release/corporate-and-financial-news/charles-schwab-corporation-acquire-td-ameritrade
WeedMD Inc. (TSXV:WMD)
- WeedMD announced the acquisition of Starseed Holdings Inc. and secured a C$25 Million investment from Starseed’s strategic investor, the Labourers’ Pension Fund of Central and Eastern Canada.
- The acquisition values Starseed at approximately C$78 million.
- Starseed is a medically-focused, federally-licensed cannabis company providing cannabis to insured patients with coverage under their benefit plans.
- From the nine months ended September 30, 2019, Starseed had revenues of C$4.8 million and an Operating Loss of C$15.9 million.
- https://www.globenewswire.com/news-release/2019/11/29/1954191/0/en/WeedMD-Announces-Strategic-Combination-with-Starseed-Holdings-Inc-and-Secures-25-Million-Cornerstone-Investment.html
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