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.

NASCAR announces acquisition of ARCA Racing Series

TALLADEGA, Ala. – NASCAR announced Friday morning that it has acquired the ARCA Series after a 60-plus year relationship between the sanctioning bodies that started with NASCAR Founder Bill France, Sr. and ARCA founder John Marcum. NASCAR Vice Chairman Jim France joined Marcum’s grandson, ARCA President Ron Drager, at Talladega Superspeedway Friday morning to formalize the announcement. “Our NASCAR family has long had a special connection with our friends at ARCA, and this is a logical step in demonstrating our…

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Time Warner Inc. boosts CEO Jeff Bewke’s pay 50% to $49 million as deal looms

Time Warner Inc. gave Chief Executive Jeff Bewkes a 50% pay increase, to $49 million, with most of the raise tied to its pending merger with AT&T Inc. Bewkes, 65, got 332,226 restricted shares valued at $32 million that will vest over five years, according to a regulatory filing Friday. The award came with a performance condition linked to the firm’s 2017 adjusted net income, which was achieved, Time Warner said. The CEO also got a $14.7 million cash bonus…

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Select Sands Appoints Daniel A. Gillett as Chairman of the Board – Mergers & Acquisitions News Today

Select Sands Appoints Daniel A. Gillett as Chairman of the Board – Mergers & Acquisitions News Today – EIN News Trusted News Since 1995 A service for banking industry professionals · Friday, April 27, 2018 · 444,356,386 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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T-Mobile, Sprint Close to Merger Deal – Reports

T-Mobile US and Sprint are putting the final touches to a merger deal that could be announced as early as next week, according to various mainstream press reports that cite sources close to the matter. (See Sprint & T-Mobile Talk M&A Again – Report.) A tie-up between the companies, which operate the third- and fourth-biggest mobile networks in the US, has been a possibility since 2013, when they first held merger talks. Both operators see the attractions of…

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LIVE MARKETS-Global M&A surges, UK most popular cross-border deal target – Finance News

* European stocks climb * Financials, tech lead * STOXX 600 set for fifth week of gains * FTSE 100 jumps on sterling slide after weak GDP LONDON, April 27 (Reuters) – Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Kit Rees. Reach her on Messenger to share your thoughts on market moves: kit.rees.thomsonreuters.com@reuters.net GLOBAL M&A SURGES, UK MOST POPULAR CROSS-BORDER DEAL TARGET (0918 GMT) It’s…

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SBI may integrate broking biz with SBI Caps as part of restructuring

. State Bank of India (SBI) might integrate its broking business with SBI Capital Markets as part of restructuring the latter’s business. If this happens, SBI Caps will focus on investment banking (debt and equity) and broking, while the project advisory and structured finance divisions will be transferred to the parent company. . SBI began the process of restructuring SBI Caps after the Reserve Bank of India (RBI) flagged the duplication of functions…

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Fall in M&A activity in East of England as deals take longer to seal | Suffolk and Essex Business News

Grant Thornton reveal the results of their annual business survey, Norfolk Limited. Tim Hansell. Byline: Sonya Duncan Copyright: Archant 2017 ARCHANT EASTERN DAILY PRESS (01603) 772434 A sharp fall in business deals in the East of England could be down to investors being picky and more cautious amid political uncertainty at the start of the year, say experts. Email this article to a friend To send a link to this page you must be logged in. Mills & Reeve principal…

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Bart Breinin Joins Paul Ellis Law Group to Lead the Firm’s M&A Practice — Paul Ellis Law Group

The Paul Ellis Law Group expands M&A Practice with the addition of Bart Breinin as Partner.     Bart Breinin, Partner   NEW YORK – April 25, 2018 – PRLog — The Paul Ellis Law Group is pleased to announce the expansion of the firm’s mergers and acquisitions practice with the addition of Bart Breinin (bbreinin@pelglaw.com) as a partner. Bart will lead the firm’s M&A practice and will also provide general counsel-level expertise to clients.     Bart joins the…

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Archrock, Inc. Announces Completion of Merger Transaction

Archrock, Inc. Announces Completion of Merger Transaction HOUSTON, April 26, Apr 26, 2018 (GLOBE NEWSWIRE via COMTEX) — Archrock, Inc. (“Archrock”) (NYSE:AROC) today announced that it has completed the acquisition of all outstanding common units of Archrock Partners, L.P. (“Archrock Partners”) (NASDAQ:APLP) that it did not previously own. As a result of the transaction, Archrock Partners common units will no longer be publicly traded on the Nasdaq Global Select Market after April 26, 2018. “Archrock Partners’ unitholders and Archrock’s stockholders…

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South Suffolk Tories remain split over council work | Latest Ipswich News

PUBLISHED: 15:29 26 April 2018 Paul Geater Peter Burgoyne. Picture: SARAH LUCY BROWN Archant Conservatives in South Suffolk have yet again been thrown into disarray with a huge split opening up less than a year before crucial local council elections. Email this article to a friend To send a link to this page you must be logged in. The chairman of Babergh Council, Peter Burgoyne, has refused to pay his subscription to the South Suffolk Conservative Association because some of…

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All you need to know as scientists witness 14 galaxies merge 12bn years ago

Astronomers have for the first time witnessed a colossal merger of 14 galaxies that took place more than 12 billion years ago – providing a starting point into how galaxies evolve. In a study published in the journal Nature, a team of international scientists used computer simulations of the galaxies to predict that, over time, this massive cluster will assemble to become the biggest structure in the modern universe. Here’s all you need to know: So why are we just…

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Who will be the ‘new breed’ of ETF players?

Fading M&A in passives: Who will be the ‘new breed’ of ETF players? An increasing number of active managers could be set to take advantage of the huge flows into the European ETF market by launching their own product ranges, as merger and acquisition (M&A) interest in the space begins to dry up, industry commentators say. M&A in the sector has been a major trend over the past few years as providers seek scale in the market, with deals including…

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After spinoff, Hyundai Mobis to focus on future mobility, M&As

Amid market concerns of Hyundai Mobis’ share value declining over a corporate governance reform drive that plans to spin off its lucrative after-sales business, the auto parts maker said Thursday it will invest heavily into future mobility technology and seek mergers and acquisitions opportunities overseas. While setting its annual growth rate at 8 percent, the company said it will reach 44 trillion won ($40.7 billion) in sales from 25 trillion won estimated this year. A quarter of the company’s revenue…

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NORTHWEST BANCORPORATION, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Merger

Rigrodsky & Long, P.A.: Do you own shares of Northwest Bancorporation, Inc. (OTC PINK: NBCT )? Did you purchase any of your shares prior to April 25, 2018? Do you think the proposed merger is fair? Do you want to discuss your rights? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Northwest Bancorporation, Inc. (“Northwest” or the “Company”) (OTC PINK: NBCT) regarding possible breaches of fiduciary duties and other violations…

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Sedgwick team to include Albert Poon following merger with Cunningham Lindsey

Albert Poon, most recently president of Cunningham Lindsey Canada, will remain a key part of the team following Sedgwick Claims Management Services’ recent acquisition of Cunningham Lindsey, the president of the combined business operations in Canada told Canadian Underwriter Wednesday. Michael Holden was named president of Sedgwick-Cunningham Lindsey’s combined operations in Canada on April 18, two days after the merger was completed. Both Memphis, Tenn.-based Sedgwick and Tampa, Fla.-based Cunningham Lindsey have offices in Canada. Albert Poon was most recently…

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