Key deals this week: Sanofi, SentinelOne, Marex Group, Synovus Financial, Union Pacific and more
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Vertiv ( NYSE: VRT ) has agreed to acquire the Great Lakes Data Racks & Cabinets family of companies for $200 million. Vicebio, a biopharmaceutical company developing novel vaccines against life-threatening respiratory viral infections, has entered an exclusive, definitive agreement to be acquired by Sanofi ( NASDAQ: SNY ). SentinelOne ( NYSE: S ) jumped 18%, though pared a gain to 8.6% amid speculation that Palo Alto Networks ( NASDAQ: PANW ) may be in talks to acquire the cybersecurity firm. Marex Group ( NASDAQ: MRX ) has agreed to acquire UK equity market maker Winterflood Securities (Winterflood) from Close Brothers for about £103.9 million in cash, which represents a premium of £15 million. Pinnacle Financial ( NASDAQ: PNFP ) and Synovus Financial ( NYSE: SNV ) announced an agreement to combine in all-stock transaction valued at $8.6 billion. Shares of Synovus fell 9.2% in after hours trading, while Pinnacle dropped 5%. Union Pacific ( NYSE: UNP ) and Norfolk Southern ( NYSE: NSC ) confirmed that the railroad operators are in advanced talks regarding a potential business combination. Union Pacific fell 2.8%, while Norfolk Southern rose 1.1%. Waystar ( NASDAQ: WAY ) said it will acquire health AI software company, Iodine Software, for a total enterprise value of $1.25B. Cenovus Energy ( NYSE: CVE ) is meanwhile said to be preparing a bid for MEG Energy ( OTCPK:MEGEF ), setting up a potential challenge to Strathcona Resources’ ( OTCPK:STHRF ) hostile takeover offer. More on M&A tickers, etc. SentinelOne Is Ripe For A Takeover, But Still Not A Buy Mergers & Aquisitions Slide Deck Sanofi gets EU nod for Sarclisa combination in multiple myeloma Union Pacific upped to buy at Jefferies on Norfolk Southern deal talks

Source: Seeking Alpha