A fast-paced start to kick off the 2nd half of 2024 – 3 major M&A announcements among Global 5000 companies to go along with eight other major announcements.

       
Boeing to Acquire Spirit AeroSystems
Boeing announced it has entered into a definitive agreement to acquire Spirit AeroSystems. The merger is an all-stock transaction at an equity value of approximately $4.7 billion, or $37.25 per share. The total transaction value is approximately $8.3 billion, including Spirit’s last reported net debt.
Acquisition   ●   Industrials   ●   North America

   
HBC, Parent of Saks Fifth Avenue, to Acquire Neiman Marcus Group for $2.65 Billion
HBC, parent company of Saks Fifth Avenue, has entered into a definitive agreement to acquire Neiman Marcus Group, parent company of Neiman Marcus and Bergdorf Goodman, for a total enterprise value of $2.65 billion. 
Acquisition  ●   Retailers & Wholesalers   ●   North America

       
Cedar Fair and Six Flags Merger of Equals Successfully Completed
Six Flags Entertainment Corporation announced the successful completion of the merger of equals between Cedar Fair, L.P. and former Six Flags Entertainment Corporation, effective July 1, 2024. The combined company is operating under the name “Six Flags Entertainment Corporation.”
Acquisition  ●   Consumer Services   ●   North America

Additional Announcements

BASIC MATERIALS
UFP Technologies Acquires AJR Enterprises

CONSUMER, PERSONAL HOUSEHOLD GOODS
Spectrum Brands Files Registration Statement for Spin-Off of Its Home & Personal Care Business

FINANCIAL SERVICES
Robinhood Acquires Pluto

HEALTHCARE
Embecta Completes Spin-off from BD and Lists on NASDAQ 
Viatris Brings to Completion All Previously Announced Divestitures With the Closing of its Over-the-Counter Business Divestiture

OIL & GAS
California Resources Corporation to Combine with Aera Energy

TECHNOLOGY
Motorola Solutions Acquires Noggin

TRANSPORTATION
Colombian Airline Avianca Plans to Confidentially File for US IPO