SPAC deals propel Q1 M&A activity to strongest start since 1980
Global M&A hits $1.3bn
M&A activity hits record in Q1
Anna Fedorova
Global M&A activity has seen the strongest opening since 1980, with worldwide deals totalling $1.3trn year-to-date and 27% of deals between $1bn-$5bn coming from SPACs.
The first quarter saw global M&A activity increase by 93%, according to Refinitiv, the strongest percentage gain in 33 years.
This was fuelled by the recently SPAC deal frenzy, with the value and number of deals reaching an all-time quarterly record.
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Some 103 SPAC combinations have been announced so far in 2021, worth a combined $228.5bn, with the rise in activity leading the US Securities and Exchange Commission to start an enquiry into the risks involved.
MU) - Get Report shares leapt higher Thursday, with similar gains for rival Western Digital (
WDC) - Get Report, after the Wall Street Journal reported the chipmaking pair may be individually looking to purchase Japan-based flash memory group Kioxia Holdings Corp.
Micron shares were also supported by stronger-than-expected second quarter earnings of 98 cents per share and a current quarter revenue forecast of $7.1 billion posted after the close of trading last night.
Kioxia Holdings, which is jointly-owned by Toshiba Corp and a consortium lead by private equity group Bain Capital, was once the target of Western Digital s interest when it operated as Toshiba Memory in 2017.
Brings label-friendly ingredients and innovative solutions that align with the latest consumer trends
WESTCHESTER, Ill., April 01, 2021 (GLOBE NEWSWIRE) Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food and beverage industry, announced today that it has acquired KaTech, a privately held company headquartered in Lübeck, Germany that provides advanced texture and stabilization solutions to the food and beverage industry. The acquisition complements Ingredion’s existing specialty ingredient portfolio by expanding its Food Systems platform with a comprehensive suite of innovative solutions that assist food and beverage manufacturers with product formulation, ingredient functionality and technical assistance. Terms of the acquisition were not disclosed.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Reminds Investors of Investigation of ALUS, DGNR, ACND, .
Rigrodsky Law, P.AApril 1, 2021 GMT
WILMINGTON, Del., April 01, 2021 (GLOBE NEWSWIRE) Rigrodsky Law, P.A. announces that it is investigating:
Alussa Energy Acquisition Corp. (NYSE: ALUS ) regarding possible breaches of fiduciary duties and other violations of law related to Alussa’s agreement to merge with FREYR A/S. To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-alussa-energy-acquisition-corp.
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Dragoneer Growth Opportunities Corp. (NYSE: DGNR ) regarding possible breaches of fiduciary duties and other violations of law related to Dragoneer’s agreement to merge with CCC Information Services Inc. To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-dragoneer-growth-opportunities-corp.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Voyager Space Holdings, Inc. Completes Acquisition of The Launch Company
April 1, 2021 GMT
(PRNewsfoto/Voyager Space Holdings, Inc.)
DENVER, April 1, 2021 /PRNewswire/ Voyager Space Holdings, Inc. (Voyager), a global leader in space exploration, today announced it has completed the acquisition of The Launch Company, a leader in developing the systems, hardware, and processes to accelerate NewSpace companies to orbit. Voyager announced the company’s intent to acquire The Launch Company in Nov. 2020 and, with its closing, will now add launch services to the holding company’s growing list of capabilities.