Key deals this week: STAAR Surgical, Pfizer, DB Insurance, Strive, Rocket Lab and more
STAAR Surgical plans an all-cash merger with Alcon at $28.00 per share, providing its shareholders with significant premium value based on financial metrics.
Pfizer is acquiring Metsera for $47.50 per share, valuing the deal at approximately $4.9 billion upfront, with potential additional returns for shareholders through contingent value rights.
Dentalcorp Holdings has entered a complete acquisition agreement with GTCR for about C$2.2 billion, while DB Insurance is set to acquire The Fortegra Group for approximately $1.65 billion in cash.
Rocket Lab is acquiring Mynaric for $75 million, and other notable acquisitions include Axon Enterprise's purchase of Prepared and Hitachi's acquisition of synvert, reflecting a vibrant week of strategic corporate expansion.
Weekly Deal Highlights: Noteworthy Acquisitions Across Various Sectors
This week witnessed a series of significant transactions across different industries, showcasing strategic moves by major corporations. Below are the key deals that were reported:
STAAR Surgical (NASDAQ:STAA): In a recent presentation, the company announced its all-cash merger with Alcon at $28.00 per share. This deal offers STAAR's shareholders an attractive cash value at a substantial premium based on several financial metrics.
Pfizer (NYSE:PFE): The pharmaceutical giant has made headlines by agreeing to acquire Metsera (NASDAQ:MTSR) for $47.50 per share, leading to a valuation of approximately $4.9 billion upfront. Additionally, shareholders may receive up to $22.50 per share through contingent value rights, enhancing the potential returns on their investment.
Dentalcorp Holdings (TSX:DNTL:CA): The Canadian dental services provider has entered into an agreement with private equity firm GTCR for a complete acquisition. The all-cash transaction values Dentalcorp at around C$2.2 billion in terms of equity.
DB Insurance: The South Korean insurer plans to acquire all outstanding shares of The Fortegra Group, a specialty insurer based in the U.S., for approximately $1.65 billion in cash. This deal is made in partnership with Tiptree (NASDAQ:TIPT) and Warburg Pincus.
Rocket Lab (NASDAQ:RKLB): The aerospace company has confirmed its agreement with Mynaric to acquire all issued and outstanding shares of the German laser communication specialist for $75 million.
Integral Ad Science (NASDAQ:IAS): Shares of the company surged nearly 20% in premarket trading on Wednesday following the announcement of its definitive agreement to be acquired by private equity firm Novacap in an all-cash deal.
Axon Enterprise (NASDAQ:AXON): On Tuesday, Axon revealed an agreement to acquire Prepared, a U.S.-based emergency communications provider, further strengthening its portfolio.
Hitachi (OTCPK:HTHIY): The Japanese multinational has reached an agreement to acquire synvert, a German data and AI services firm, from the private equity fund Maxburg, expanding its capabilities in the tech and data sectors.
Strive (NASDAQ:ASST): On Monday, Strive announced its acquisition of Semler Scientific (NASDAQ:SMLR) through an all-stock transaction, uniting two firms with interests in Bitcoin treasury management.
These developments reflect a dynamic week in mergers and acquisitions, highlighting the eagerness of firms to expand their reach and enhance shareholder value across various domains.