Roper Technologies to buy software firm PowerPlan for $1.1 billion

Roper Technologies to buy software firm PowerPlan for $1.1 billion

IT services provider Roper Technologies said on Monday it would buy software company PowerPlan for $1.1 billion in an all-cash deal from private equity firm Thoma Bravo. This is Roper’s second billion-dollar deal with the private equity firm. In 2016, it bought business software firm Deltek for $2.8 billion. Thoma Bravo bought PowerPlan, which provides tax, regulatory and budgeting solutions to businesses, in 2015 from investors JMI Equity and TPG Growth for an undisclosed price….

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Fifth Third Bancorp to buy MB Financial for about $4.7 billion

Fifth Third Bancorp to buy MB Financial for about $4.7 billion

U.S. regional bank Fifth Third Bancorp has agreed to buy smaller rival MB Financial in a stock-and-cash deal valued at about $4.7 billion as it looks to expand in Chicago and broaden its middle market customer base. A windfall from last year’s Republican tax overhaul has encouraged more investment among mid-sized U.S. lenders and banks are also hopeful that legislative moves to roll back some rules on capital requirements will free up more cash. That…

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Data firm IHS Markit to buy rival Ipreo for $1.86 billion

Data firm IHS Markit to buy rival Ipreo for $1.86 billion

Data firm IHS Markit said on Monday it will buy smaller rival Ipreo from private-equity funds of Blackstone and Goldman Sachs for $1.86 billion to expand its contracts business and shore up its financial services operations. IHS, whose diverse set of businesses range from selling data on automotive and technology industries to publishing Jane’s Defence Weekly, said the deal will be funded through debt financing from HSBC. The deal is a windfall for the buyout…

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GE nears deal to merge transportation unit with Wabtec, may value combined company at $20 billion, sources tell Reuters

GE nears deal to merge transportation unit with Wabtec, may value combined company at $20 billion, sources tell Reuters

General Electric is nearing a deal to merge its transportation business, which manufactures train engines, with Wabtec, a U.S. maker of equipment for the rail industry, two people familiar with the matter said on Sunday. A deal that could value the combined company at more than $20 billion could be announced as early as this week, the sources said, asking not to be identified because the negotiations are confidential. It would be the biggest deal…

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Ambow Education Holding Ltd. (AMEX:AMBO) IPO

Ambow Education Holding Ltd. (AMEX:AMBO) IPO

Ambow Education Holding Ltd. (AMEX:AMBO)intends to raise $6 million from the sale of ADSs representing Class A shares in a U.S. IPO, according to an amended registration statement. Ambow Education will be landing NYSE MKT, and IPO price range is 3.50-4.50. Ambow Education Holding Ltd. mission is to provide Better Schools, Better Jobs and Better Life to their students. Ambow Education business addresses three critical demands in China’s education market: the desire for students to…

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Staples-owner Sycamore offers to buy workplace wholesaler Essendant

Staples-owner Sycamore offers to buy workplace wholesaler Essendant

Staples-owner Sycamore Partners on Wednesday reported a roughly 9.9 percent stake in workplace wholesaler Essendant and its offer to buy the rest of the company for $11.50 per share in cash. Shares of Essendant, which closed at $11.03 a share, were up 2.45 percent in after-market trading, giving it a market capitalization of $415 million. Sycamore’s offer is the clearest indication to date of its plans to push Staples further into business-to-business services and away…

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Williams to buy rest of Williams Partners in $10.5 billion deal

Williams to buy rest of Williams Partners in $10.5 billion deal

Pipeline operator The Williams Cos. said on Thursday it would buy the remaining 26 percent stake that it does not already own in its master limited partnership, William Partners, for $10.5 billion. Williams would give 1.494 of its shares for each share of Williams Partners, with the offer representing a premium of 6.4 percent based on Wednesday’s closing price. The company said the deal will immediately add to cash available to dividends extending the period…

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PayPal is buying payments start-up iZettle for $2.2 billion ahead of IPO

PayPal is buying payments start-up iZettle for $2.2 billion ahead of IPO

PayPal is buying payments start-up iZettle for $2.2 billion ahead of IPO Fintech giant PayPal confirmed on Thursday it’s reached a deal to buy payments start-up iZettle for $2.2 billion — the biggest acquisition in its history. U.S.-based PayPal already operates in more than 200 countries around the world but is working to expand its offerings. IZettle provides mobile card readers and other digital payment products to small businesses. A merger would catapult PayPal into…

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Xerox shares down after board cans Fujifilm deal

Xerox shares down after board cans Fujifilm deal

Xerox (NYSE:XRX) shares fell 4 percent on Monday after the photocopier pioneer said it scrapped a planned $6.1 billion deal to merge with Fujifilm. The decision hands victory in one of the biggest ongoing U.S. proxy fights to activist investors Carl Icahn and Darwin Deason, who say they can secure better offers for the company than the deal with Fujifilm. Some Tokyo-based analysts warned a long renegotiation of price and terms as well as attempts…

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Canada’s Brookfield makes $3.3 billion offer for Australia’s Healthscope, sparking hopes for a bidding war

Canada’s Brookfield makes $3.3 billion offer for Australia’s Healthscope, sparking hopes for a bidding war

Canadian investment firm Brookfield Asset Management (NYSE:BAM) made a $3.3 billion approach for Australian hospital group Healthscope, trumping a local buyout proposal and sending shares of the target up to a two-year high on Monday. The approach, disclosed by Healthscope in a statement, sets the scene for a takeover battle for the No. 2 Australian private hospital operator which has seen its shares slide due to high debt and a shift back to public health…

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