Merger activity decreased last week with three new deals announced and four deals closing and one deal terminated.
Founded in 1828, Willis Towers Watson Public Limited Company (WLTW) is a leading global advisory, broking and solutions company. On March 5, 2019, Aon plc (AON) announced that it was considering an an all-share business combination with Willis Towers Watson. A little over a year later, the all stock combination of the two companies was confirmed on March 9, 2020.
The second deal announced last week was the merger of SB One Bancorp (SBBX) with Provident Financial Services (PFS). The combined organization will have approximately $12 billion in assets and will rank as the 3rd largest bank headquartered in New Jersey.
The intense bidding war between Brookfield (BIP) and Macquarie Infrastructure and Real Assets for the acquisition of Cincinnati Bell (CBB) finally came to an end after Cincinnati terminated its deal with Brookfield and agreed to be acquired by Macquarie Infrastructure.
You can find all the active deals listed below in our Merger Arbitrage Tool (MAT) that automatically updates itself during market hours.