Mergers & Acquisitions

Walgreens Boots Alliance To Go Private In A Deal Valued Up To $23.7 Billion

By Amit Chowdhry ● Mar 7, 2025

Drugstore chain Walgreens Boots Alliance (WBA) announced it is going private in a $10 billion deal with private equity firm Sycamore Partners. Sycamore will pay $11.45 per share, which is a premium of 8% to the stock's closing price of $10.60 on Thursday. The total value of the deal is up to $23.7 billion. Sycamore Partners specializes in retail and consumer investments and has a track record of buying distressed retailers for profit, like Staples, Talbots, and Nine West.

LPL Onboards $1.15 Billion Townsgate Wealth Management Team

By Amit Chowdhry ● Mar 6, 2025

LPL Financial announced that financial advisors Jim Murray, Larry Bernstein, Abby Goldstein, CFP, Michael Kazmer, CFP, Brett Goldberg and Wesley Wong of Townsgate Wealth Management have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. And they reported serving about $1.15 billion in advisory, brokerage and retirement assets* and join LPL from Wells Fargo Advisors Financial Network.

Jazz Pharmaceuticals Buying Chimerix For About $935 Million

By Amit Chowdhry ● Mar 6, 2025

Jazz Pharmaceuticals and Chimerix announced a definitive agreement for Jazz to buy Chimerix for $8.55 per share in cash, representing a total consideration of approximately $935 million. Both companies have approved the deal, which is expected to close in the second quarter of 2025.

LPL Adds $400 Million Servant Path Wealth Partners Team

By Amit Chowdhry ● Mar 5, 2025

LPL Financial announced financial advisors Joe Young, CFP, and Ryne Stokes, CFP, have joined LPL’s employee advisor channel Linsco by LPL Financial to launch Servant Path Wealth Partners. And they reported serving about $400 million in advisory, brokerage and retirement plan assets and joined LPL from Synovus Securities.

ADNOC And OMV Merging To Create $60+ Billion Polyolefin Giant

By Amit Chowdhry ● Mar 4, 2025

Abu Dhabi National Oil Company (ADNOC) and Austria-based OMV announced they will merge and create a $60+ billion chemical giant. This merged entity will be called Borouge Group International, which will acquire Nova Chemicals for $13.4 billion from Mubadala for $13.4 billion and create the world’s fourth-largest polyolefins player following the recontribution of Borouge-4 (at cost of about $7.5 billion) as measured by nameplate capacity with 13.6 mtpa of capacity across Europe, the Middle East and North America.

Flexera: Acquisition Of NetApp’s Spot FinOps Portfolio Completed

By Amit Chowdhry ● Mar 3, 2025

Flexera, a leader in technology spending and risk management, announced today that it has completed the acquisition of Spot from NetApp. The acquisition is Flexera’s latest step towards providing comprehensive solutions to help organizations confront growing cloud cost and usage hurdles, especially as the consumption of artificial intelligence (AI) surges and strains cloud budgets.