The Toronto skyline on August 29, 2014.File Photo
DEAL OF THE DAY: Schlumberger to buy Cameron International
Schlumberger Ltd, the world's top oil field services company, is set to acquire oil field equipment maker Cameron International Corp in a deal valued at $14.8-billion (U.S.). Cameron's shares shot up to $61.94 in premarket trading on Wednesday, while Schlumberger's shares rose 1.4 per cent to $73.57. Full story
MERGERS AND ACQUISITIONS
Milestone Apartments REIT to buy $45.1-million property
Milestone Apartments REIT, a REIT that focuses on U.S. multifamily properties, has an agreement to buy the Broadstone Vista Ridge 372-unit property in Dallas, Texas, for $45.1-million (U.S.). Press release
Columbus Exploration to buy Agricola Nuova Terra
Columbus Exploration Corp., a Vancouver-based mining company, is set to acquire organic food company Agricola Nuova Terra Guatemala S.A for close to $10-million. Press release
Paddy Power and Betfair to merge
Betfair and Irish rival Paddy Power have agreed in principle on a £5-billion ($10.3-billion) merger to stake a claim to leadership of the online gambling market in Britain. The merger will create one of the world's largest online betting and gaming groups. Full story
Monsanto drops $47-billion bid for Syngenta
U.S. agribusiness leader Monsanto Co. on Wednesday abandoned efforts to acquire Swiss rival Syngenta AG, which had rejected its recently sweetened offer. Full story
INITIAL PUBLIC OFFERINGS
Tricon Investment Partners files IPO
Tricon Investment Partners, a subsidiary of Tricon Capital Group Inc., filed a preliminary prospectus for its initial public offering. The offering is being distributed by a syndicate of underwriters, including TD Securities Inc., led by RBC Capital Markets and GMP Securities L.P. Tricon Capital Group will seed the company with $108-million (U.S.). Press release
PRIVATE EQUITY AND VENTURE CAPITAL
Real Ventures secures another funding round
One of Canada's most successful early-stage venture capital firms, Montreal's Real Ventures, has closed its third fund, an $89-million pool co-managed by Janet Bannister, who created and built the online classifieds business Kijiji for eBay. Full story
Farmers Edge adds Osmington to investor group
The Winnipeg-based Farmers Edge, an agriculture and independent data management solutions company, is adding Osmington Inc., a private commercial real estate company controlled by David Thomson of Thomson Reuters, to its roster of investors. Press release
Hitachi Systems to acquire Above Security
Hitachi Systems Ltd., a subsidiary of Hitachi Ltd., is set to acquire Montreal-based Above Security Inc., a global IT security service provider in Canada. Press release
Knight Therapeutics invests in Advaxis
Knight Therapeutics, a Canadian-based specialty pharmaceutical company, has entered into a licensing agreement with biotech firm Advaxis Inc. In connection with the agreement, Knight will acquire 359,454 shares of Advaxis at $13.91 per share. Press release
ANALYSIS AND INSIGHT
Investors not convinced Zurich offer for RSA will happen
Zurich Insurance Group AG's announcement that it's considering a £5.6-billion ($8.8-billion U.S.) offer for RSA Insurance Group PLC is leaving investors in doubt that the takeover will happen at that price. Full Story
Know of any upcoming deals we should cover? Have suggestions for making the Daily Deal Roundup more useful? E-mail us at deals@globeandmail.com.