Mergers & Acquisitions

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.

‘Internationalist’ UK dealmakers buck trend of poor global M&A performance in second quarter

The UK M&A market bucked a global trend of poor performance and decline for the second quarter of 2018, thanks to a high volume of firms buying overseas. Data by Willis Towers Watson, in partnership with Cass Business School, revealed that the global M&A market recorded its worst quarter in 10 years based on share price performance. While the overall volume of mergers and acquisitions remains on track to beat the post-crisis high of 2015, dealmakers “struggled to add value”…

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North Sea oil and gas firm recruits veteran deal maker as it eyes expansion

NORTH Sea-focused Neptune Energy has underlined its growth ambitions by appointing a deal maker as vice president of business development. The private equity-backed firm said David Hemmings would take up the position in July after spending more than 20 years advising firms on mergers and acquisitions activity as an investment banker. Mr Hemmings joins Neptune from Rothschild & Co where he most recently held the position of managing director in the energy and power team, with a focus on oil…

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Trump’s education department merger plan echoes Indiana priorities under Pence, Holcomb

Shaina Cavazos, Chalkbeat Published 10:57 a.m. ET June 23, 2018 CLOSE Nikhil Raghuraman is one of just three people worldwide to get every point possible on this year’s exam. Nate Chute/IndyStar Then-Gov. Mike Pence speaks at a school choice rally at the Indiana statehouse in 2016.(Photo: Scott Elliott, Courtesy of Chalkbeat) Note: This story was produced by Chalkbeat Indiana, a nonprofit news website that covers education. President Trump’s proposal to merge the U.S. Department of Education and the Department of Labor…

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America’s imminent merger mania

Sign Up for Our free email newsletters The smartest insight and analysis, from all perspectives, rounded up from around the web: “Let there be deals,” said Elizabeth Winkler at The Wall Street Journal. That’s what corporate executives across the country heard last week when Judge Richard Leon gave the go-ahead for AT&T’s blockbuster $85 billion acquisition of Time Warner. The judge systematically rejected the government’s antitrust arguments against the union of the telecom giant and media behemoth, and “didn’t impose…

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Naspers still in the hunt for e-commerce acquisitions

Cape Town – Naspers CEO Bob Van Dijk told Fin24 on Friday evening that, after posting increased revenue and headline earnings in its latest results, the company would seek to continue investing in electronic commerce providers. Naspers [JSE:NPN], which owns Fin24, announced on Friday that its core headline earnings grew by 72% to R33.6bn ($2.5bn) as the company released its financial results for the year to 31 March 2018. Revenues, measured on an economic interest basis increased by 38% year-on-year…

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Tough contest for seven key offices as APC holds convention

Barely few hours to the National Convention of the All Progressives Congress (APC), governors were locked in horse-trading on seven key positions, including the choice of the National Secretary of the party. The seven offices are those of National Secretary, Deputy National Chairman (North); Deputy National Chairman (South); National Organising Secretary; National Publicity Secretary; National Women Leader and National Youth Leader. It was however learnt that the governors were mounting pressure on party leaders to concede the choice of the…

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Tesla closes a dozen solar installation centers as part of recent layoffs

Tesla will close “about a dozen” solar installation facilities around the country as part of its recent layoffs, according to Reuters. Installation centers in California, Maryland, New Jersey, Texas, New York, New Hampshire, Connecticut, Arizona, and Delaware will be shuttered. Workers will be laid off or reassigned to other sites. About 60 similar facilities will remain open. The installation centers were opened when Tesla’s solar panel wing, SolarCity, was still an independent company. Tesla sells home batteries and is developing…

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Lilly Completes Acquisition of ARMO BioSciences – KAIT Jonesboro, AR

Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact pressreleases@franklyinc.com SOURCE Eli Lilly and Company INDIANAPOLIS, June 22, 2018 /PRNewswire/ — Eli Lilly and Company (NYSE: LLY) today announced the successful completion of its acquisition of ARMO BioSciences, Inc. (NASDAQ: ARMO). Lilly’s tender offer for all outstanding shares of common…

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BANKING TIPS: Mergers, acquisitions as growth strategy acquisitions strategy for growth | Magazeti ya Tanzania – Tanzania Newspapers

A few weeks ago, I’ve shared the importance of mergers and acquisitions in the banking industry; improvement of financial health of banking industry, improvement of customer experience and easy to regulate, and increase efficiency & diversify risks…. read more… Published By: The Citizen – Today Toa Maoni yako hapa – Add your comment   Related News Source link

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Merger Mania And The New Kings Of Debt

Another Early Warning Siren Goes Off Our friend Jonathan Tepper of research house Variant Perception (check out their blog to see some of their excellent work) recently pointed out to us that the volume of mergers and acquisitions has increased rather noticeably lately. Some color on this was provided in an article published by Reuters in late May, “Global M&A hits record $2 trillion in the year to date”, which inter alia contained the following chart illustrating the situation. This…

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Global Dental Surgical Equipment Markets, 2015-2018 & 2022 – M&A Activity on the Rise in Dental Industry

The “Dental Surgical Equipment – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa and Latin America. Annual estimates and forecasts are provided for the period 2015 through 2022. Also, a six-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. This report analyzes the worldwide markets for Dental Surgical Equipment in…

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Shen Tan Joins Lazard Asset Management as Managing Director in Hong Kong

Lazard Asset Management (LAM) today announced that Shen Tan has joined as a Managing Director in Hong Kong. Mr. Tan will focus on distribution throughout Asia and help to develop the firms’ Asset Management business in the region. “With over 18 years’ experience working as a partner and advisor to investment clients in the region, we expect Shen will significantly strengthen our team,” said, Nathan Paul, Chief Business Officer of LAM. “His addition underscores our commitment to Asia and to…

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Fletcher Building names Bruce Hassall as new chair and a board shakeup

Fletcher Building has announced a board shakeup, named former PwC chairman Bruce Hassall as its chairman and appointed four other new directors. Hassell’s appointment follows chairman Sir Ralph Norris resigning on the back of nearly $1 billion of losses from big construction contracts like Sky City’s convention centre and Christchurch’s Justice Precinct. Hassall, a Fletcher director since March last year, will take up the top position on the board from September. Other directors named today include former ASB chief executive…

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Trump seeks federal government overhaul, merger of agencies

Ken Thomas and Jill Colvin, Associated Press Published 10:46 a.m. ET June 21, 2018 | Updated 6:06 p.m. ET June 21, 2018 President Donald Trump speaks during a cabinet meeting at the White House, June 21, 2018, in Washington.(Photo: Evan Vucci / AP) Washington – Taking aim at the sprawling federal bureaucracy, President Donald Trump’s administration released a detailed proposal Thursday to reorganize a number of federal agencies and merge the Education and Labor departments. The latest in a long…

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Vodafone-Idea merger to be approved soon

Vodafone-Idea merger to be approved soon The Department of Telecommunications (DoT) is expected to clear the merger of Vodafone India and Idea Cellular early next week. Both the companies, however, may have to pay one-time-spectrum-charges (OTSC) dues, though these are under challenge in the court. The DoT is expected to ask Vodafone for Rs 5,650 crore – or a bank guarantee – and Idea for Rs 2,113 crore for its OTSC dues. Sources said the additional solicitor general (ASG) has…

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Gold + M&A Thesis-V.ORX-Stockhouse news

This is a unique time for the gold and gold M&A markets. Gold miners are facing real supply side issues as there is less and less of the precious metal to be discovered. Gold miners have been depleting their reserves without replacing these ounces, all while having to mine lower and lower grades.  At current prices the gold production profiles are unsustainable, and things will have to change. Junior gold and exploration development Company Orefinders Resources Inc. (TSX: V.ORX, OTCQB: ORFDF, Forum) has seen this…

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