MKM Partners Reiterates Buy on Akamai Technologies (AKAM)
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Notable Mergers and Acquisitions 9/28: (DB) (SHLX) (AKAM)
September 28, 2016 9:55 AM EDT*** Deutsche Bank (NYSE: DB) announced that it has reached an agreement with Phoenix Life Holdings Limited, a subsidiary of Phoenix Group Holdings Limited, to sell its Abbey Life business (Abbey Life Assurance Company Limited, Abbey Life Trustee Services Limited and Abbey Life Trust Securities Limited) which is held within Deutsche Asset Management.
Under the terms of the transaction, Phoenix Life Holdings Limited will acquire 100% of the Abbey Life business for 935 million pounds (1.085 billion euros, about US$1.21 billion, based on current exchange rates).
The transaction is subject to regulatory approvals... More
Akamai Technologies (AKAM) to Acquire Concord Systems
September 28, 2016 6:32 AM EDTAkamai Technologies, Inc. (NASDAQ: AKAM) acquired Concord Systems, Inc., a provider of technology for the high performance processing of data at scale, in an all cash transaction. The acquisition is expected to complement Akamai's... More
