RMR Group (RMR) Monday said it has entered into a definitive agreement to buy MPC Partnership Holdings, LLC, doing business as CARROLL Multifamily Platform, for $80 million in cash. The consideration for the acquisition of the Atlanta, Georgia -based vertically integrated multifamily platform is subject to customary purchase price adjustments. The deal also includes the potential for incremental earnout consideration […]

Pacific Western Bank, a bank subsidiary of PacWest Bancorp (PACW), on Monday entered into a Loan Purchase and Sale Agreement with a wholly-owned subsidiary of Kennedy-Wilson Holdings, Inc. to sell to Kennedy Wilson a portfolio of 74 real estate construction loans with an approximate $2.6 billion aggregate principal balance currently outstanding. Kennedy Wilson or its designees will also assume all […]

Banking major JPMorgan Chase & Co. said it has acquired substantial majority of assets and assumes certain liabilities of First Republic Bank following an auction by Federal regulators for the troubled lender. JPMorgan expects to recognize an upfront, one-time, post-tax gain of around $2.6 billion, which does not reflect approximately $2.0 billion post-tax restructuring costs anticipated over the course of […]

Cvent Holding Corp. (CVT) announced Tuesday that it has entered into a definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone in a transaction valued at an enterprise value of approximately $4.6 billion. Under the terms of the agreement, Cvent stockholders will receive $8.50 per share in cash, representing a premium of 52 percent […]

Qualtrics International Inc. (XM), an experience management software company, Monday announced its agreement to be acquired by technology investor Silver Lake, in partnership with Canada Pension Plan Investment Board or CPP Investments in around $12.5 billion all-cash deal. Upon the deal closure, Qualtrics’s common stock will no longer be listed on any public market, and it will become an independent, […]

video BP Pulse teams up with Hertz to build EV charging network across North America BP Pulse Fleet president Vic Shao discusses the deal to launch the nationwide charging grid on ‘The Claman Countdown.’ TravelCenters of America Inc said on Thursday it would be acquired by BP Plc for about $1.3 billion in cash, as the British energy giant looks […]

British drug major AstraZeneca Plc. (AZN.L,AZN) Monday said it has entered into a definitive agreement to acquire CinCor Pharma, Inc. (CINC), a US-based clinical-stage biopharmaceutical company. The upfront cash portion of the deal represents a transaction value of around $1.3 billion. On a combined basis, including the upfront and maximum potential contingent value payments, if achieved, the transaction value would […]

video Sen. Marco Rubio calls California electric car plan ‘self-defeating’ Sen. Marco Rubio criticizes California’s plan to ban sales of gas-powered cars. The California Energy Commission on Wednesday approved a $2.9 billion investment plan to accelerate the state's 2025 electric vehicle (EV) charging and hydrogen refueling goals. The investment will result in 90,000 new EV chargers across the state, more […]

video Biden’s strategic ‘political’ reserve should not be used to lower gas prices: Mike Sommers American Petroleum Institute President and CEO Mike Sommers weighs in on the Biden administration’s plan to refill the Strategic Petroleum Reserve at $70 a barrel on ‘Mornings with Maria.’ Americans are now paying less for gas than they were at this time a year ago, […]

video Price cap on Russian oil could backfire: Phil Flynn FOX Business contributor and Price Futures Group market analyst Phil Flynn discusses the global impact of a price cap on Russian oil. The market for old oil tankers is booming, and it's all down to efforts by Western nations to curb trade in Russian crude. As Western shipping and maritime […]