M&A deals plunge in Israel as pandemic sidelines foreign investors
Value of deals drops by 50% to $10 billion, with third quarter showing greatest decline in number, PwC Israel data shows Merger and acquisition deals in Israel plunged by 50% this year to $10 billion compared to last year, due to the economic paralysis wrought by the coronavirus pandemic, a new report by consultants PwC […]
M&A rebounds sharply to hit $3.6tn in 2020
Deals were halted by the coronavirus but big transactions returned in the last few months A flurry of big deals in the last few weeks drove global mergers and acquisitions to $3.6tn in 2020, representing an extraordinary rebound of takeover activity in the second half of the year. The 2020 total value of deals is […]
REE Automotive in negotiations for a $3-4 billion Nasdaq SPAC merger
The list of Israeli companies mulling entering Nasdaq via a SPAC continues to grow, with REE Automotive, which develops modular platforms for electric vehicles, in negotiations to go public at a valuation of between $3-4 billion, a source told Calcalist under the condition of anonymity. The negotiations have been ongoing for the past three months […]
Blackstone in talks to merge Alight with blank-check acquisition firm
Private equity firm Blackstone Group Inc is in talks to merge U.S. benefits services provider Alight Solutions LLC with a blank-check acquisition firm backed by veteran investor Bill Foley, according to people familiar with the matter. The merger with Foley Trasimene Acquisition Corp would result in Alight becoming a publicly-listed company at a valuation of […]
