Merger activity increased last week with nine new deals announced and two pending deals closing.
Deal Statistics:
New Deals:
- The acquisition of Chesapeake Lodging Trust (CHSP) by Park Hotels & Resorts (PK) for $2.7 billion in a cash plus stock deal. Under the terms of the merger agreement, Chesapeake shareholders will receive $11.00 in cash and 0.628 of a share of Park common stock for each Chesapeake share.
- The acquisition of Aquantia (AQ) by Marvell Technology Group (MRVL) for $452 million or $13.25 per share in cash.
- The acquisition of Intermolecular (IMI) by Merck KGaA