Key deals this week: Hawkins, Canada Goose, AbbVie, Verint and more

Published 2 months ago Positive
Key deals this week: Hawkins, Canada Goose, AbbVie, Verint and more
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Here's a list of key deals reported across sectors this week:

Strathcona Resources (OTCPK:STHRF [https://seekingalpha.com/symbol/STHRF]) said late Thursday it plans [https://seekingalpha.com/news/4490517-strathcona-to-buy-5-stake-in-meg-energy-after-failed-bid-opposes-cenovus-deal] to purchase an additional 5% stake in MEG Energy (OTCPK:MEGEF [https://seekingalpha.com/symbol/MEGEF]) after its hostile bid for the company was spurned in favor of a friendly cash-and-stock offer from Cenovus Energy (NYSE:CVE [https://seekingalpha.com/symbol/CVE]).

Hawkins (NASDAQ:HWKN [https://seekingalpha.com/symbol/HWKN]) has acquired StillWaters Technology to further [https://seekingalpha.com/news/4490463-hawkins-buys-stillwaters-technology] expand its water treatment business and build out its southern U.S. presence.

Canada Goose (NYSE:GOOS [https://seekingalpha.com/symbol/GOOS]) climbed [https://seekingalpha.com/news/4489378-canada-goose-stock-soars-take-private-bids] nearly 9% before the bell on Wednesday after CNBC reported of companies interested in taking the luxury parka maker private at a potential valuation of nearly $1.4B.

TPG (NASDAQ:TPG [https://seekingalpha.com/symbol/TPG]) agreed [https://seekingalpha.com/news/4489213-tpg-to-buy-energy-software-firm-irth-solutions-from-blackstone] to acquire Irth Solutions, a provider of enterprise software for critical energy and infrastructure companies, from Blackstone (NYSE:BX [https://seekingalpha.com/symbol/BX]) Energy Transition Partners, Irth said on Tuesday.

Okta (NASDAQ:OKTA [https://seekingalpha.com/symbol/OKTA]) has acquired [https://seekingalpha.com/news/4489198-okta-acquires-israeli-cybersecurity-startup-axiom-in-estimated-100m-deal] Israeli startup Axiom in a deal estimated at around $100M, though the price was not officially disclosed.

AbbVie (NYSE:ABBV [https://seekingalpha.com/symbol/ABBV]) has agreed to acquire [https://seekingalpha.com/news/4488733-abbvie-to-buy-gilgameshs-depression-program-for-up-to-12b] from Gilgamesh Pharmaceuticals its lead investigational candidate, Bretisilocin, for up to $1.2 billion.

Verint (NASDAQ:VRNT [https://seekingalpha.com/symbol/VRNT]) said it will be acquired [https://seekingalpha.com/news/4488711-verint-to-be-acquired-by-thoma-bravo-for-2b] by software investment firm Thoma Bravo in an all-cash deal valuing the company at $2 billion. Shareholders will receive $20.50 per share, an 18% premium to the 10-day average price before reports of a potential sale.

Vital Energy (NYSE:VTLE [https://seekingalpha.com/symbol/VTLE]) +11.3% pre-market Monday after Crescent Energy (NYSE:CRGY [https://seekingalpha.com/symbol/CRGY]) agreed to acquire [https://seekingalpha.com/news/4488665-crescent-energy-to-buy-vital-energy-in-all-stock-deal-valued-at-3_1b] the company in an all-stock transaction valued at ~$3.1B, including debt.

Keurig Dr Pepper (NASDAQ:KDP [https://seekingalpha.com/symbol/KDP#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]) will acquire [https://seekingalpha.com/news/4488613-keurig-dr-pepper-to-acquire-jde-peets] Dutch coffee company JDE Peet's (OTCPK:JDEPF [https://seekingalpha.com/symbol/JDEPF#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]) in an all cash transaction worth about $18.4B (€15.7B), the companies announced [https://seekingalpha.com/pr/20209684-keurig-dr-pepper-to-acquire-jde-peets-and-subsequently-separate-into-two-independent#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews] on Monday.

MORE ON M&A TICKERS, ETC.

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* Notable analyst calls this week: Nike, Microsoft and Sarepta among top picks [https://seekingalpha.com/news/4476593-notable-analyst-calls-this-week-nike-microsoft-and-sarepta-among-top-picks]
* Piper Sandler signals robust advisory pipeline and G Squared acquisition as momentum builds [https://seekingalpha.com/news/4476586-piper-sandler-signals-robust-advisory-pipeline-and-g-squared-acquisition-as-momentum-builds]