Deals of the day: mergers and acquisitions
BRZE•Salesforce said it would acquire Braze for about $5.66 billion, while Prudential Financial agreed to sell its Brazil and Mexico units for $4.03 billion in cash. Other reported deals included Gulf Keystone’s $601 million merger with ShaMaran and Tradeweb’s planned $1.97 billion purchase of Trumid.
1. Major transactions
Salesforce said it would acquire customer engagement platform Braze for about $5.66 billion. Prudential Financial said it would sell its Brazil and Mexico units to CNP Assurances Group for $4.03 billion in cash as it continues to simplify its business. Gulf Keystone Petroleum said it would merge with ShaMaran Petroleum in a $601 million all-share, 50-50 deal, creating one of the largest producers in Iraq’s Kurdistan region.
2. Other reported deals
Tradeweb Markets said it would buy bond-trading platform Trumid for about $1.97 billion to expand its presence in U.S. corporate bond markets. UniCredit said it was bringing its domestic securities services unit back in-house after two decades of outsourcing it to Societe Generale. Maire said its Nextchem unit had signed binding agreements to buy Sweden’s MEAB AB and Germany’s MEAB GmbH for a maximum of €8 million. Keppel said it would sell a 51% stake in K-Commercial to Keppel REIT for about S$611 million.
