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.

Sorry, Comcast: Fox and Disney sign new merger deal, rejecting Comcast bid

The Walt Disney Company and 21st Century Fox have struck a new merger agreement, with Fox’s leadership having rejected Comcast’s attempt to outbid Disney. Under the amended acquisition agreement announced today, Disney would buy Fox for $71.3 billion in cash and stock. This comes one week after Comcast offered Fox $65 billion in cash, which topped Disney’s previous deal to buy Fox for $52.4 billion in stock. Comcast could try to outbid Disney again, but it hasn’t yet responded to…

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U.S. FTC to examine tech platforms like Google and Facebook as major part of competition review via public hearings – MacDailyNews

“The Federal Trade Commission will examine the questions surrounding powerful tech platforms like Google and Facebook as part of a review of consumer and competition policy issues beginning later this year.,” David McCabe reports for Axios. “FTC Chairman Joe Simons on Wednesday… indicated his examination of tech platforms would be broad and a major part of the review,” McCabe reports. “‘It’s the network effects,’ he told reporters on Wednesday. ‘It’s the fact that they’re two-sided platforms. It’s the interaction between…

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Novacap to expand its pharmaceutical offering in the U.S. with the acquisition of PCI Synthesis – Mergers & Acquisitions News Today

Novacap to expand its pharmaceutical offering in the U.S. with the acquisition of PCI Synthesis – Mergers & Acquisitions News Today – EIN News Trusted News Since 1995 A service for banking industry professionals · Wednesday, June 20, 2018 · 452,463,995 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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Covington’s Globalstar readies for new HQ, $1.65 billion merger

Barbee Ponder IV keeps a spread sheet on his computer monitor listing every rescue that a Globalstar product has had a hand in. There have been nearly 150 this year – and more than 5,000 in the company’s history — and more coming all the time, he says. But another number, 60,000, is perhaps the one more anticipated by many of the Covington company’s staffers, at least in the short term. That’s the square footage of the new Covington headquarters Globalstar plans…

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Controversial Edinburgh school merger bid axed

Two Edinburgh schools threatened with closure are set to stay open as the council is poised for a dramatic U-turn after failing to win support from opposition parties. Parents and protesters had rallied for the council to save Currie High School and Wester Hailes Education Centre (WHEC) from being merged together into a “super school”. Protest outside the city chambers over proposed school closures The minority administration at the city council had hoped to win political support for the merger.…

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Cognosec completes acquisition of ITWAY’s Cyber Security Value Added Distributor interests in Turkey and Greece

Cognosec AB (Publ): Cognosec completes acquisition of ITWAY’s Cyber Security Value Added Distributor interests in Turkey and Greece (GLOBE NEWSWIRE via COMTEX) — PRESS RELEASE London & Ravenna, 20th June 2018 Cognosec completes acquisition of ITWAY’s Cyber Security Value Added Distributor interests in Turkey and Greece – Cognosec acquires 100% of ITWAY HELLAS SL SA & ITWAY TURKYIE LTD – ITWAY Turkey and Greece dominate cyber product distribution markets. – ITWAY Turkey and Greece revenues in 2017 were EUR26m* with…

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Healthcare sector – treading a higher M&A curve

The Indian healthcare sector is expected to expand at an exponential pace and is widely anticipated to clock revenues of around US$ 280 billion by 2020. Pro-industry government policies, robust market fundamentals, boost to healthcare R&D initiatives and rising awareness for new-age healthcare products and services have emerged as key triggers anticipated to drive the growth contours of the Indian healthcare sector on a higher level. It has been observed that while on one hand, global and domestic…

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Fox to craft script for M&A summer blockbuster

REUTERS: Twenty-First Century Fox Inc’s board is set to decide on Wednesday whether to entertain Comcast Corp’s US$65 billion cash bid for the New York-based media company or stick with its roughly US$52 billion all-stock offer from Walt Disney Co, people familiar with the matter said. Disney and Comcast are battling to win Fox’s movie and television studios at a time when legacy media and distribution companies are looking to expand to better compete with younger media firms like Netflix…

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Bayer’s remorse? Über-acquisition brings über-headaches as Monsanto trial opens

German chemical giant Bayer’s $63 billion purchase of US firm Monsanto is the largest ever by a German of a non-German company. But Bayer also takes on Monsanto’s problems, which the trial of Lee Johnson highlights.US citizen Lee Johnson claims exposure to glyphosate, the key ingredient in the Roundup weed killer made by Monsanto, caused his deadly cancer. As groundskeeper for the school district in Benicia, California, Johnson handled hundreds of gallons of Roundup and was diagnosed with cancer in…

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After extensive analysis, AMA opposes merger of CVS and Aetna

SAN FRANCISCO – The American Medical Association (AMA) will today announce that after conducting an exhaustive analysis on the proposed acquisition of Aetna by CVS Heath, the nation’s largest physician’s organization urges regulators to block the merger. The AMA position is based on evidence indicating the merger’s likely anticompetitive effects on Medicare Part D, pharmacy benefit management services, health insurance, retail pharmacy, and specialty pharmacy. The announcement will be made by AMA President Barbara L. McAneny, M.D., in testimony on…

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Economist downplays negative effect of bank mergers on financial inclusion

Business News of Tuesday, 19 June 2018 Source: Myjoyonline.com 2018-06-19 Dr Lord Mensah Economist, Dr Lord Mensah has downplayed concerns that Ghana’s drive towards financial inclusion may be affected if banks merge with or acquire each other in a bid to meet the GH¢400 million minimum capital requirement by December 2018. Speaking to JoyBusiness, Dr Mensah described this potential challenge as one that can be surmounted using technology or taking advantage of the digital age within the banking landscape.…

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T-Mobile and Sprint Make Big Claims About Merger Benefits (Phone Scoop)

Article Comments   Today, 10:16 AM   by Eric M. Zeman   @phonescooperupdated Today, 10:30 AM Updated: typo T-Mobile and Sprint today officially petitioned the FCC for permission to merge. The companies filed a Public Interest Statement with the agency that makes lofty claims about why the merger a good idea. To start, the companies promise to “build a world-class nationwide 5G network” that will surpass the capacity of AT&T and Verizon. T-Mobile and Sprint believe they…

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Are FMI Shareholders Getting Enough in the Roche Acquisition? (NASDAQ: FMI)

By Chris Lange June 19, 2018 10:30 am EDT Foundation Medicine Inc. (NASDAQ: FMI) shares saw a sizable jump early on Tuesday after the company announced that Roche would be acquiring all the outstanding shares. The closing of the transaction is expected to take place in the second half of 2018. Under the terms of the agreement, Roche will pay $137 per share in an all-cash transaction. This corresponds to a total transaction value of $2.4 billion on a fully…

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PVS Chemicals Announces Leadership Changes: Jim M. Nicholson Elevated to Co-Chairman of Board, David Nicholson to President and CEO

DETROIT, June 19, 2018 /PRNewswire/ — As part of a planned succession transition, the board of directors of PVS Chemicals voted to make two leadership changes in the management of the 73-year-old family-held global firm headquartered in Detroit, Michigan. Effective July 1, 2018, Jim M. Nicholson, 51, elevates from president and CEO of PVS Chemicals to Co-Chairman of the Board. James B. Nicholson, 75, will continue in his role as Co-Chair. David A. Nicholson, 48, takes on the role of President…

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South Africa´s Aveng shares leap as M&R moves closer to…

By Reuters Published: 05:40 EDT, 19 June 2018 | Updated: 05:40 EDT, 19 June 2018 JOHANNESBURG, June 19 (Reuters) – Shareholders in South Africa´s Murray & Roberts voted on Tuesday for the company to look into a potential tie up with construction rival Aveng, sending Aveng’s shares around 25 percent higher. The resolution got the backing of 52.06 percent of votes at the Murray & Roberts’ (M&R) annual shareholder meeting. M&R and Aveng announced the potential merger in May, saying…

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