Asset Allocation
CPPIB Acquires 12% Bunge Stake Through Viterra Merger
The British Columbia Investment Management Corp. will also own a minority stake in the combined entity.
Tag: Merger
Risk
Kraft Heinz Agrees to Settle Class Action Securities Lawsuit for $450 Million
Swedish pension fund AP7 was among the plaintiffs who alleged Kraft Heinz misled investors regarding a $15.4 billion goodwill charge.
Newsmakers
Ohio Takes Lead in $25.5 Million Suit Against Warner Bros. Discovery
Class-action lawsuit alleges company intentionally failed to disclose financial problems at WarnerMedia prior to merger.
Newsmakers
Australian Pension Funds Mercy Super and HESTA to Merge
Proposed deal is the latest in an ongoing consolidation within the industry.
Buyout Deadlines: Hundreds of SPACs Face Shutdowns if They Can’t Deliver
The mauled blank check funds have a ticking clock: Deliver promised acquisitions or be liquidated.
Regulation
SEC’s SPAC Scrutiny Leads to $38.8 Million Music Service Settlement
The regulator says it is ‘intently focused on SPAC merger transactions.’
Asset Management Culture
Scuttled! Antitrust Concerns Foil Aon-Willis Merger
Despite winning regulatory approval of the combination from the European Commission, the firms have reached an impasse with the US Department of Justice, says Aon CEO Greg Case.
Pensions
AustralianSuper, LUCRF Super Plan to Form $173.8 Billion Investor
The merger would consolidate the country’s first and largest superannuation funds.
Risk
Pension Fund Sues Cigna over Failed Anthem Merger
Lawsuit alleges Cigna’s CEO tried to sabotage the $54 billion merger when he found out he wouldn’t lead the new company.
Asset Management Culture
2 More Aussie Pensions Eye Merger, Forming Down Under’s Largest Fund
Sunsuper and Qsuper hold consolidation talks on creating an A$183 billion portfolio.
Corporate Moves
Merging Australian Supers Get a New CEO
Computershare chief Scott Cameron will head Equipsuper and Catholic Super prior to consolidation.
Newsmakers
Dutch Pension Plans to Merge, Creating a $23.4 Billion Fund
Push to join two public transit retirement programs fell through in 2016, but SPF recently restarted discussions.
Newsmakers
First State Super, Vic Super to Merge
Combined Australian mega-fund expected to take shape by June 2020.
Newsmakers
Plans for Raytheon and UTC Pensions, Investment Divisions Unclear After Merger
Massive new corporate combination has $94 billion in retirement assets.
Newsmakers
Two More Australian Supers Considering Merger
A First State Super and VicSuper consolidation joins trend among the nation’s pension funds.