Mergers & Acquisitions

OneBeacon Exits Crop Business

OneBeacon Exits Crop Business PR Newswire MINNETONKA, Minn., July 31, 2015 MINNETONKA, Minn. , July 31, 2015 /PRNewswire/ — OneBeacon Insurance Group (NYSE: OB) has exited the crop insurance business due to the sale of its exclusive managing general agency, Climate Crop Insurance Agency, to AmTrust Financial Services, Inc. […]

Mergers & Acquisitions

F.N.B. Corporation Receives Final Regulatory Approval for Acquisition of Five Branches in Pennsylvania

F.N.B. Corporation Receives Final Regulatory Approval for Acquisition of Five Branches in Pennsylvania PR Newswire PITTSBURGH, July 31, 2015 PITTSBURGH , July 31, 2015 /PRNewswire/ — F.N.B. Corporation (NYSE: FNB) today announced that the Office of the Comptroller of the Currency has approved the purchase and assumption application by F.N.B.’s largest affiliate, First National Bank of Pennsylvania , to acquire five branch offices from Bank of America, N.A. […]

Mergers & Acquisitions

IEnova To Acquire PEMEX’s Equity Interest In Joint Venture

IEnova To Acquire PEMEX’s Equity Interest In Joint Venture PR Newswire SAN DIEGO, July 31, 2015 SAN DIEGO , July 31, 2015 /PRNewswire/ — Sempra Energy’s (NYSE:SRE) Mexican subsidiary, Infraestructura Energ tica Nova, S.A.B. de C.V. (IENOVA) (BMV: IENOVA) and Petróleos Mexicanos (PEMEX) today jointly announced that IEnova has agreed to purchase PEMEX’s 50-percent equity interest in the Gasoductos de Chihuahua joint venture for $1.325 billion , plus the assumption of approximately $170 million in net debt. […]

Mergers & Acquisitions

ALPS Announces Completion Of Red Rocks Capital Acquisition

ALPS Announces Completion Of Red Rocks Capital Acquisition PR Newswire DENVER, July 31, 2015 DENVER , July 31, 2015 /PRNewswire/ — ALPS, a subsidiary of DST Systems, Inc. (NYSE: DST) that provides products and services to the financial services industry, today announced it has completed the previously announced acquisition of asset manager Red Rocks Capital LLC (“Red Rocks”). Golden, Colorado -based Red Rocks is the first and largest domestic money manager to package listed private equity products in a ’40-Act structure […]

Mergers & Acquisitions

CECO And PMFG Announce Date Of Special Shareholders Meeting In Connection With Acquisition Of PMFG

CECO And PMFG Announce Date Of Special Shareholders Meeting In Connection With Acquisition Of PMFG PR Newswire CINCINNATI and DALLAS, July 31, 2015 CINCINNATI and DALLAS , July 31, 2015 /PRNewswire/ — CECO Environmental Corp. (“CECO”) (NasdaqGM: CECE) and PMFG, Inc. (“PMFG”) (NasdaqGM: PMFG) , today announced that each company will hold a special meeting of stockholders on September 2, 2015 , in connection with CECO’s pending acquisition of PMFG. […]

Mergers & Acquisitions

Jarden Completes Acquisition Of The Waddington Group

Jarden Completes Acquisition Of The Waddington Group PR Newswire MIAMI, July 31, 2015 MIAMI , July 31, 2015 /PRNewswire/ — Jarden Corporation (“Jarden” or the “Company”) (NYSE: JAH), a leading global consumer products company, announced today that it has completed its acquisition of Waddington Group, Inc. (“Waddington”), a leading manufacturer and marketer of premium disposable tableware for commercial, foodservice and retail markets, from an investment fund managed by Olympus Partners, a private equity firm, and other stockholders for approximately $1.35 billion , subject to working capital and other adjustments. As part of the acquisition financing, on July 30 th , Jarden closed on $900 million of senior secured term loans comprised of a $300 million add-on to its B-1 facility, which matures in 2020, and a new B-2 facility tranche with a principal amount of $600 million , which matures in 2022 […]