Walt Disney’s (NYSE:DIS) $4.05 billion acquisition of George Lucas’s Lucasfilm Ltd has been cleared by the European Commission, the anti-trust regulator for the EU. Overlaps were very limited within the operations of the two companies covering home entertainment, gaming software, film production and distribution and licensing for both product cast rights and merchandise.
Pinnacle Entertainment Inc (NYSE:PNK) will acquire all the outstanding common shares of Ameristar Casinos Inc for $26.50 per share in cash, valuing the latter $2.8 billion including that of $1.9 billion and cash of $116 million. Pinnacle benefits by adding operational and geographic diversity, doubling the number of its operating properties and acquiring assets located in the country’s best gaming markets.
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Aviva plc (NYSE:AV) will sell Aviva USA Corporation, the division that conducted its US life and annuities business and related asset management operations, to Athene Holding Ltd for a consideration of $1.8 billion. Athene Holding is a life insurance holding company focused on the retirement market and on issuing and reinsuring fixed and equity indexed annuities.
JP Morgan Chase (NYSE:JPM) will soon face regulatory heat from the office of the Comptroller of the Currency, led by Comptroller Thomas Curry, who may demand that JP Morgan take steps to remedy risk control failures that allowed traders to incur a loss of over $6 billion this year. A fine may not be in the works as of now, but could be imposed if the bank fails to make suitable changes in its trading practices.
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