Mergers and Acquisitions

Herman Miller, Knoll $1.8B deal to create furniture leader

Office chair maker Herman Miller Inc said on Monday it would buy peer Knoll Inc for $1.8 billion in a cash-and-stock deal, a move that would help the company expand as offices around the world start bringing their employees back to work.

SoftBank to take 40% stake in Norway’s AutoStore

SoftBank Group Corp. agreed to pay $2.8 billion for a 40% stake in Norwegian warehouse-automation company AutoStore, marking another big bet by the Japanese conglomerate on robot-enabled technology.

After failed takeover, Air Transat seeks help as debt crunch looms

Struggling tour operator Air Transat is in talks with the federal government on aid but may not reach a deal by an April debt deadline, a source close to the situation said, putting pressure on Quebec to ride to the rescue of another troubled aerospace brand in the province.

Microsoft, Discord talk $10B deal

Microsoft Corp. is in advanced talks to acquire messaging platform Discord Inc. for $10 billion or more, according to people familiar with the matter, as the software giant seeks to deepen its consumer offerings.

The Hartford rejects Chubb's $23B buyout bid

After consultation with the insurance company's financial and legal advisors, The Hartford said in a statement that its board of directors determined that entering into discussions regarding a strategic transaction would "not be in the best interests of the company and its shareholders."

WeWork discloses $3.2B loss in 2020 as it seeks SPAC deal

WeWork lost $3.2 billion last year, according to documents shown to prospective investors by the office-sharing startup as apart of a pitch for $1 billion in investment and a stock market listing, the Financial Times reported on Monday.

Railroads strike $25B merger

Canadian Pacific Railway Ltd. agreed to acquire Kansas City Southern in a transaction valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada.