Mergers & Acquisitions

Mergers and acquisitions (M&A) is a general term that refers to the consolidation of companies or assets. M&A can include a number of different transactions, such as mergers, acquisitions, consolidations, tender offers, purchase of assets and management acquisitions. In all cases, two companies are involved. The term M&A also refers to the department at financial institutions that deals with mergers and acquisitions.

Merger In a merger, the boards of directors for two companies approve the combination and seek shareholders’ approval. After the merger, the acquired company ceases to exist and becomes part of the acquiring company. For example, in 2007 a merger deal occurred between Digital Computers and Compaq whereby Compaq absorbed Digital Computers.

Acquisition: In a simple acquisition, the acquiring company obtains the majority stake in the acquired firm, which does not change its name or legal structure. An example of this transaction is Manulife Financial Corporation’s 2004 acquisition of John Hancock Financial Services, where both companies preserved their names and organizational structures.

CIMB expects flurry of M&A deals as govt eyes stake sales – BorneoPost Online | Borneo , Malaysia, Sarawak Daily News

Khazanah owns significant stakes in some of Malaysia’s largest companies such as CIMB, national utility firm Tenaga Nasional Bhd, regional telecommunications group Axiata Group Bhd and IHH Healthcare Bhd. — Reuters photo KUALA LUMPUR: Malaysia could see a flurry of merger and acquisition (M&A) activity in the coming months as the government looks to pare down direct ownership in companies to raise funds, the chief executive of CIMB Investment Bank said. Bankers see opportunities in transactions that could emerge from sovereign…

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Chinese Outbound M&A Deal Activity Represented More Than 40 Percent of Deals in Asia-Pacific From 2015-2017 – However Share of Volume Decreased Dramatically in 1H 2018 – Mergers & Acquisitions News Today

Chinese Outbound M&A Deal Activity Represented More Than 40 Percent of Deals in Asia-Pacific From 2015-2017 – However Share of Volume Decreased Dramatically in 1H 2018 – Mergers & Acquisitions News Today – EIN News Trusted News Since 1995 A service for banking industry professionals · Thursday, October 11, 2018 · 464,736,213 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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LTG To Create New Learning Suite With Merger Of NetDimensions And PeopleFluent

The merge of NetDimensions into PeopleFluent is to add best-of-breed learning capability to award-winning integrated talent management (ITM) business. London (PRWEB) – Learning Technologies Group plc (“LTG”), the integrated talent management and learning technologies software and services provider, announced today that it is merging NetDimensions into PeopleFluent to form a key component of PeopleFluent’s learning suite. The merger was announced on Tuesday 25 September 2018 at a shareholder presentation of LTG’s 2018 interim results. The joining of NetDimensions and PeopleFluent,…

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CVS, Aetna merger OK’d by feds, a $69 billion deal to reshape health care

The proposed $69 billion merger between the drugstore chain CVS Health and the health insurer Aetna is getting a greenlight from the U.S. Department of Justice, with some conditions. The Justice Department on Wednesday approved the deal on the condition that Aetna moves ahead with its plan to sell its Medicare Part D prescription drug plan business, resolving some anti-monopoly issues. Aetna said last month it would sell the business for an undisclosed amount.  CVS announced plans to buy Hartford,…

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Health Care ETFs Retreat on DOJ Approval of Aetna-CVS Merger

The Department of Justice issued a preliminary approval for CVS Pharmacy to acquire health care insurance company Aetna, possibly paving the way for transformative changes in the industry as cries for more affordable care emanating from consumers and regulators get louder. The Health Care Select Sector SPDR ETF (NYSEArca: XLV) slid 0.42% as of 11:45 a.m. ET, Vanguard Health Care ETF (NYSEArca: VHT) fell 0.54%, iShares US Medical Devices ETF (NYSEArca: IHI) was down 1.21%, and iShares US Healthcare ETF…

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CIMB expects flurry of M&A deals as gov’t eyes stake sales

Malaysia could see a flurry of merger and acquisition (M&A) activity in the coming months as the government looks to pare down direct ownership in companies to raise funds, the chief executive of CIMB Investment Bank said. Bankers see opportunities in transactions that could emerge from sovereign wealth fund Khazanah Nasional’s portfolio rebalancing, or at other government-linked investment companies, Kong Sooi Lin said. “That’s where opportunities for us investment bankers are, whether in the advisory or M&A side. We are…

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Ighodalo Named New NESG Board Chair as Bukar Resigns

James Emejo in Abuja The Board of Directors of the Nigerian Economic Summit Group (NESG) Wednesday announced the appointment of Mr. Asue Ighodalo as its new chairman, following the resignation of the erstwhile Chairman, Kyari Bukar, last month. Ighodalo is a founding partner of Banwo and Ighodalo, one of the foremost commercial law firms in the country. A statement from NESG, a copy which was made available to THISDAY yesterday, stated that he obtained his first degree in Economics from…

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CVS-Aetna, Cigna-Express Scripts deals pass DOJ

The US Department of Justice has now cleared two healthcare megamergers, after CVS Health and Aetna’s $69 billion merger got the green light from the agency on Wednesday. In September, the agency also cleared Cigna’s $67 billion merger with Express Scripts. The deals, once closed, will redraw the healthcare industry as we know it. In CVS and Aetna’s case, the deal creates a new type of company that includes a health insurer, a retail pharmacy, and a company that negotiates…

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Statement of Preliminary Issues for DLF/PGW Seeds merger

Thursday, 11 October 2018, 10:43 amPress Release: Commerce Commission Statement of Preliminary Issues released for DLF/PGW Seeds mergerThe Commerce Commission has published a statement of preliminary issues relating to the proposed acquisition of PGG Wrightson Seeds Holdings Limited by DLF Seeds A/S. The statement outlines the key competition issues the Commission considers important in deciding whether or not to grant clearance to the proposed acquisition. The Commission invites interested parties to provide comments on the likely competitive effects of the…

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Jensyn Acquisition Corp. Announces Termination of Share Exchange Agreement – Mergers & Acquisitions News Today

Jensyn Acquisition Corp. Announces Termination of Share Exchange Agreement – Mergers & Acquisitions News Today – EIN News Trusted News Since 1995 A service for banking industry professionals · Wednesday, October 10, 2018 · 464,636,554 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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Stem Holdings Inc.’s, Senior Legal Counsel, Jessica M. Feingold, Esq., LL.M, to speak on Cannabis and Commercial Real Estate – Mergers & Acquisitions News Today

Stem Holdings Inc.’s, Senior Legal Counsel, Jessica M. Feingold, Esq., LL.M, to speak on Cannabis and Commercial Real Estate – Mergers & Acquisitions News Today – EIN News Trusted News Since 1995 A service for banking industry professionals · Wednesday, October 10, 2018 · 464,626,725 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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Does Rent-A-Center (NASDAQ:RCII) Hold A Merger Arbitrage Opportunity?

Rent-A-Center Inc (NASDAQ: RCII) agreed to sell itself to Vintage Capital Management at $15 per share, which has some investors questioning why the stock is trading at an approximate 70-cent discount to the purchase price. Loop Capital Markets took a dive into the stock’s potential merger arbitrage opportunity. The Analyst Loop Capital Markets’ Anthony Chukumba maintained a Hold rating on Rent-A-Center’s stock with an unchanged $15 price target. The Thesis Immediately following Rent-A-Center’s initial acquisition announcement in June, the stock was…

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Tribunal to consider Sibanye, Lonmin merger at Oct 18 hearing

The Competition Tribunal will hold hearings into the proposed merger between Sibanye-Stillwater and Lonmin on October 18 and 19. Precious metals miner Sibanye in December made an all-share offer to acquire platinum group metals producer Lonmin, with the offer valuing Lonmin at about R5.15-billion. If the deal is concluded, current Lonmin shareholders will hold about 11.3% of the enlarged Sibanye group. Despite boasting a notable mine-to-market business with great mining assets, projects and process technology and a resilient workforce, Lonmin…

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BAIC exec calls for more mergers, acquisitions to bolster industry–China Economic Net

Visitors inspect an SUV produced by BAIC Group as the carmaker celebrates its 60th anniversary on Sept 29 in Beijing. [Photo by Li Fusheng/China Daily] Domestic manufacturers may have to resort to mergers and acquisitions to stay competitive as the country opens up its automotive sector to the wider world, according to the chairman of a major State-owned carmaker in China. “Only when domestic brands merge with each other and pool their resources – the sooner the better – will…

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More consolidation likely in BPM Space: FirstSource CEO

BENGALURU: FirstSource CEO Rajesh Subramaniam expects mergers and acquisitions (M&A) to continue in the business process management sector, as companies chase consolidation to help offset some of the revenue drop due to automation. The last year has seen significant consolidation in the industry – Teleformance bought Blackstone-backed Intelenet, US-listed StarTek took over Aegis, and Conduent sold $500 million worth of contact centre contracts to private equity firm Skyview Capital. “The issue at the heart is that while automation is shrinking…

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