M&A
Alternative Income REIT rejects Glenstone bid after minimal acceptances
Less than 0.025% of shares tendered as Glenstone’s unsolicited cash offer lapses with 49 days elapsed. AIRE board urges shareholders to withdraw acceptances.
Springbig outlines $10M-$50M acquisition criteria for private targets
Springbig Holdings sets enterprise-value range for potential deals after $12.5M debt restructuring, targeting established private firms with scalable models and experienced management.
Sun Life, Wilton Re to launch $10 bln reinsurance venture in 2027
Partnership forms $10 billion reinsurer Windsor Life Re, with $900 million capital deployment and $1.7 billion initial block transfer. Sun Life and Wilton Re to each contribute one-third of equity.
ZenaTech buys ESM Software to expand AI-driven SaaS portfolio
Deal marks ZenaTech's 13th SaaS acquisition as it integrates strategy-execution tools into its Zoo Office platform. Financial terms remain undisclosed.
Gooch & Housego shareholders approve $250M Arlington Capital acquisition
U.K. optical components firm’s court-approved scheme secures 79% backing from voting shareholders, with final sanction expected in Q4 2026.
EasyJet, Apollo extend airline takeover deadline to mid-October
Scheme document deadline pushed to October 15 to allow further regulator engagement; deal expected to close by Q1 2027 subject to conditions.
Palo Alto Networks eyed Okta, Datadog before CyberArk, Chronosphere deals
CEO Nikesh Arora held talks with Okta and Datadog in 2024-2025 before acquiring CyberArk for $25 billion and Chronosphere for $3.35 billion. Okta’s market cap rose 30% to $23 billion; Datadog’s doubled to $80 billion.
Inventus Mining to buy Golden Rose Mine in TSXV-listed deal
Inventus Mining will acquire the past-producing Golden Rose Mine from Conquest Resources in a share-based deal valued at C$2.36 million. The transaction expands Inventus’ land position in Ontario’s gold belt.
Inventus Mining to acquire Golden Rose gold mine from Conquest Resources
Deal valued at up to $2.36 million includes 8 million shares and a 2% royalty. Transaction expands Inventus's land position to 681 sq km near existing Pardo River of Gold project.
Workday’s Silver Lake talks set valuation floor for software M&A
Silver Lake’s potential $224/share bid for Workday signals a 15x FY28 EV/FCF floor for enterprise software deals. European peers Nemetschek and Sage surged on the news, while Workday’s earnings call avoided deal speculation.
Glenstone cuts AIRE bid to 70p cash as shareholders urged to accept
Glenstone FII PLC lowered its cash offer for Alternative Income FII PLC to 70p per share, down from 71.4p, after AIRE paid a 1.4p dividend. Shareholders must respond by Sept. 4.
Vanguard agrees to acquire fintech Altruist for $4 billion
Deal underscores Vanguard’s push into wealth-management tech as it targets independent financial advisers. Terms not disclosed by either party.
Vanguard to buy Altruist in wealth-tech expansion
Deal expands Vanguard’s advisory reach via AI-driven custody platform; terms undisclosed, expected to close later in 2024.
Boliden to acquire 64.68% stake in Nexa Resources in share swap
Swedish metals firm Boliden will take control of Nexa Resources through a share-for-share exchange valued at 0.250 Boliden shares per Nexa share. The deal, expected to close in Q1 2027, will make Boliden the majority owner while Nexa remains separately listed.
U.S. urges South Korea to take stake in Westinghouse Electric
Seoul is evaluating a bid for a stake in Westinghouse via a U.S.-Korea fund, with Korea Electric Power as the proposed buyer. Deal would support U.S. nuclear build-out.
Gulf Resources, Brazilian miner form lithium joint venture
Montes Verdes to guarantee $180 million in consolidated sales by 2027 under a five-year growth pact with Gulf Resources. Deal targets bromine and lithium output expansion.
Volato to acquire AI infrastructure firm Alignment Engine in $500 million deal
Volato Group will merge with Alignment Engine, valuing the AI infrastructure firm at $500 million. The deal shifts Volato’s focus to high-performance computing and data centers, with a campus in Ohio offering 154 megawatts of power and plans to expand to 480 megawatts.
PMGC scraps $5.46M machining firm deal after financial review
PMGC Holdings terminated a non-binding LOI to acquire a 76% stake in an Arizona precision machining company after finding its financial profile less favorable than expected. No breakup fees were incurred.
Volato to merge with $500M AI infrastructure firm Alignment Engine
Volato will shift focus to AI data centers after acquiring Alignment Engine, a high-performance computing specialist with 154 MW of operational capacity in Ohio. Shareholder vote planned for preferred share conversion.
Harworth board rejects Peel's £172.5p cash offer
Peel’s unsolicited proposal valued at £172.5p per share deemed fundamentally undervalued by Harworth’s board, which unanimously rejected the bid.
Trace3 to acquire Calian's U.S. commercial IT business
Deal expands Trace3's managed services and operational footprint in Texas and Minnesota. Financial terms and closing date not disclosed.
Glenstone raises AIRE bid to 70 pence, urges shareholder acceptance
Glenstone FII PLC seeks 50% acceptance by Sept. 4 for its revised 70p cash offer for Alternative Income REIT, after reducing the bid following a 1.4p dividend payout.
Calian completes C$51.5M acquisition of Galaxy Broadband
Upfront payment of C$24M made with C$27.5M earnout tied to closing conditions. Deal expands Calian’s remote connectivity and satellite communications capabilities.
Trace3 to buy Calian’s U.S. IT business in carve-out deal
Trace3 will acquire Calian’s commercial IT operations in Texas and Minnesota, expanding managed services and cybersecurity offerings. Deal terms undisclosed, closing expected next month.