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Cranberry Journal

Monday, October 26, 2026

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At the close · Oct 26

Mergers And Acquisitions

Tagged stories

A Lufkin pumpjack with a red counterweight head, yellow beam and teal frame behind a chain-link fence on snow-covered ground, with spruce trees and a clear blue sky behind.
Business

Ovintiv Will Pay About $890 Million for Logan Energy, or $44,500 for Each Barrel a Day It Produces. By Its Own Benchmark, $340 Million of That Is for Wells Not Yet Drilled.

Ovintiv said on 26 October that it will buy Logan Energy, a Montney oil producer, for C$1.40 a share in cash, about $890 million (C$1.26 billion) including net debt. Logan produces about 20,000 barrels of oil equivalent a day. The deal needs Logan shareholder, court and regulatory approval and is expected to close early in 2027.

By Daniel Okafor  

An oil pump jack with an orange horsehead standing in a green field, with a river valley and farmland behind it.
Business

Cenovus Will Pay C$12 a Share for Athabasca Oil, a 14 Per Cent Premium. Athabasca's Shares Ended the Week Above the Offer.

Cenovus Energy agreed on 5 October to buy Athabasca Oil for C$12.00 a share in cash and Cenovus stock, an implied enterprise value of C$5.7 billion. Athabasca puts the equity value at about C$5.8 billion and the premium at 14 per cent to its 20-day average price. Athabasca shareholders vote in late November, and the deal is not expected to close until December.

By Thomas Gutierrez  

A corner shop with a dark blue Boots fascia reading Pharmacy and Health, on a street in Saltash, Cornwall.
Business

The Westons Are Buying Boots for $8.9 Billion. An Insurance Group Is Set to Own Half of It.

Wittington Investments, the holding company of Canada's Weston family, agreed on Wednesday to buy Boots from Sycamore Partners and the Pessina family for $8.9 billion including debt. Fairfax Financial, a Toronto insurance and investment group, has agreed to put up as much as $2.3 billion and is expected to own half of the equity. The family gets operational control.

By Margaret Holloway  

Publishers' stands and visitors beneath the arched glass roof of a large exhibition hall.
Business

Informa Is Paying £2.24 Billion for More Trade Shows. It Plans to Separate the Academic Publisher It Has Owned Since 2004.

Informa, the London-listed events and publishing group, agreed on Tuesday to buy Clarion Events from Blackstone for an enterprise value of £2.24 billion, and launched a process to separate Taylor & Francis, its academic publisher. It raised about £940 million by selling new shares at 860p and paused its share buyback to pay for the deal.

By Cory Chamberlain  

A calculator, a pair of glasses and printed charts on a desk.
Business

Two Investment Firms Are Selling the Company That Keeps Private Funds' Books. KKR Is Paying $5.1 Billion for It.

KKR has agreed to buy Gen II Fund Services, which does the accounting, tax and reporting work for more than 275 private investment managers, for an enterprise value of $5.1 billion. The sellers are Hg and General Atlantic, which invested in 2020, along with other minority investors. Gen II says its revenue and earnings have roughly quadrupled since.

By Alison Acosta  

A bag of blood with a drip chamber and tubing hanging from a stand in a clinical setting.
The Long View

McKesson Is Paying $1.4 Billion for Half of Option Care. The Deal Sets Up a Framework for It to Buy the Rest.

Clayton Dubilier & Rice and McKesson agreed on Monday to take Option Care Health, the largest independent home infusion company in the United States, private for $32.05 a share. McKesson is putting in about $1.4 billion for 49 per cent, and the agreement sets out a framework for it to buy the private equity firm's majority later. Lenders have committed more money to the deal than the two buyers have.

By Margaret Holloway  

A steel electricity transmission tower standing in a grassy field.
Business

The Southern Family Has Controlled Canadian Utilities Since 1980. It Is Trading It for Shares in Emera.

Emera and Canadian Utilities agreed on Tuesday to combine in an all-share deal that the companies say is the largest merger ever between two Canadian companies, with a combined enterprise value of about C$72 billion. ATCO, the family-controlled group that has held Canadian Utilities since 1980, will give up that control and spin its housing, defence and ports businesses into a new company.

By Daniel Okafor  

Cardboard catering boxes of focaccia sandwiches and salads on a white table, with croissants in the foreground.
Business

Uber Is Paying $2.3 Billion for ezCater, a Business Built on $400 Lunch Orders That Nearly Vanished in 2020

Uber agreed on Tuesday to buy ezCater, the Boston workplace catering marketplace, for $2.3 billion in cash. The company handled more than $2.5 billion of orders over the past year, at an average of more than $400 each. Six years ago its sales fell 85 per cent when offices emptied, and it rebuilt around workplaces where people still had to turn up.

By Thomas Gutierrez  

A white truck cab stands between two empty flatbed trailers in a gravel yard in front of a long warehouse with loading bays, under a blue evening sky.
Business

C.H. Robinson Is Paying $5.8 Billion for RXO. The Price Rests on $300 Million of Savings.

C.H. Robinson agreed on Sunday to buy RXO, the truck broker spun out of XPO in 2022, for about $5.8 billion including debt. Its own slides value the deal at 13.2 times RXO's expected earnings before interest, tax, depreciation and amortisation, but only after $300 million of annual cost savings. Without them the multiple is about 42. C.H. Robinson's shares fell 10.8 per cent on Monday.

By Margaret Holloway  

An engineer wearing glasses, seen from behind and out of focus, looks at a monitor showing a computer-aided design drawing of a wheeled agricultural robot, in a bright office.
The Deal

Schneider Is Paying a 42% Premium for PTC. The Price Is Still Below Where PTC Traded a Year Ago.

Schneider Electric agreed on Sunday to buy PTC, the Boston maker of design and product-lifecycle software, for $205 a share in cash, valuing its equity at about $22.6 billion. That is 42.3 per cent above Friday's close, and 5 per cent below PTC's peak close in August 2025. The French group will borrow most of the money, sell up to €6 billion of new shares and pause its buyback for two years. Its shares fell about 10 per cent in Paris.

By Alison Acosta