Merger and Acquisitions Recap: Molson Coors Turns Heads, Dell Binges
In a deal that aims to expand its share in central and eastern European beer markets, Molson Coors (NYSE:TAP) acquires StarBev from CVC Capital for €2.65 billion ($3.5 billion). A company spokesperson remarks that the region has “strong historical trends and upside potential as the region returns to its pre-economic-crisis growth rates.”
Don’t Miss: Molson Coors Taps Emerging Markets.
Is the Carl Icahn/CVR saga nearing its end? The ‘activist investor’ has been tendered 55 percent of CVR Energy’s (NYSE:CVI) outstanding stock by the refinery’s shareholders, which would give him a victory in his $2.26 billion battle for CVR. The apparent winner says that he will pay the money, “as soon as the board permits me to do so.”
Deutsche Bank’s (NYSE:DB) sale of its asset management unit to Guggenheim Partners is close to completion, according to Reuters. The price that the bank will receive is estimated to be €1.5 billion to -€1.6 billion ($2 billion to $2.13 billion), and it will also be rid of operations that must cope with new regulations, rising costs and growing competition.
Dell (NASDAQ:DELL) is apparently on a shopping binge, as it buys Celerity Solutions the day following its acquisition of Wyse Technology for approximately one billion dollars. Celerity is a provider of software and services for migrating mainframe applications to more modern server architectures. The current acquisitions fit the January prognostications of Michael Dell, who said that his company looks to buy others to augment Dell’s services, which constitute its growth engine.
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