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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Today’s Transactions:
Pacific Rubiales Purchases C&C

The Colombia energy producer expects the $500M deal to help it produce about 10,800 barrels of oil per day

Pacific Rubiales Energy Corp. (TSX: PRE), an oil and natural gas explorer, is set to acquire C&C Energia Ltd. in a deal valued at about $500 million.

The deal is expected to expand Pacific Rubiales' presence in Colombia by allowing it to tap into specific sections of the oil-rich Llanos basin.

C&C Energia holds interests in eight blocks in Llanos, including Cravoviejo, Cachicamo, Llanos 19 and Pajaro Pinto. With C&C under ownership, Pacific Rubiales is slated to produce an average of about 10,800 barrels of oil per day.

Pacific Rubiales, based in Bogota, Colombia, offered $7.81 per C&C Energia share, which represents a premium of 4 percent to the stock’s close of $7.50 on Nov. 16.

Each common share of C&C Energia will be exchanged for 0.3528 common shares of Pacific Rubiales and one common share of a new exploration company under the deal, Pacific Rubiales said.

 

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