Mergers & Acquisitions

Scomi Engineering shareholders approve merger exercise with Scomi Group

KUALA LUMPUR: Scomi Engineering Bhd (SEB) will proceed with its merger exercise with parent company Scomi Group Bhd even without Scomi Energy Services Bhd (SESB), said SEB CEO Rohaida Ali Badaruddin. At today’s convened court meeting, 93.52% SEB shareholders voted in favour of the proposed merger after grilling the board members for three hours. The three-way merger was to see the consolidation of Scomi, SEB and SESB to become a single entity. However, it did not go well as SESB…

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Martello Technologies Completes Merger with Elfiq Networks

Teaming Martello’s network performance management solutions with Elfiq Networks’ SD-WAN technology creates unparalleled capabilities for delivering real-time services in the cloud. Ottawa, Canada (PRWEB) January 04, 2018 Martello Technologies, the provider of performance management solutions for real-time communications, announced today that it has merged with SD WAN network performance and business continuity company Elfiq Networks. As digital transformation accelerates, delivering real-time services has become more challenging with the move to the cloud. Today’s transaction creates a new market leader with…

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Taiwanfs technology companies alerts government on Broadcom/Qualcomm merger implications

Thursday, January 04, 2018 Taiwanfs technology companies yesterday urged the government to take heed of Broadcom Ltdfs bid to acquire Qualcomm Inc, as the deal could have a significant affect on the sector. Broadcom in November last year made an unsolicited US$105 billion offer to acquire Qualcomm, launching what would be the largest-ever technology takeover battle. The deal could affect Taiwanfs semiconductor industry, including chip manufacturing, integrated circuit packaging, as well as information and communications technologies industries, the Allied Association…

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JM Financial tops 2017 M&A league table with $23 mn in fees

Mumbai, Jan 3 () Homegrown investment bank JM Financial Group has toppled its larger multinational peers in the mergers and acquisitions (M&A) fee league table by earning USD 23-million in rewards. The Kampanis-led bank accounted for 10.1 per cent share of the overall fee pool of USD 228.1 million. The city-based merchant banker has pushed its British counterpart Standard Chartered (USD 22.4 million) and domestic peer Axis Bank (USD 14.1 million) to the second and third slots with 9.8 per…

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Deals Buzz: Future Group in talks to buy Snapdeal’s logistics arm

Future Group may buy Snapdeal’s logistics arm Vulcan Express for about Rs50 crore in an all-cash deal. Photo: Pradeep Gaur/Mint Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country. Arrow Electronics to buy Gujarat-based eInfochips New York Stock Exchange-listed Arrow Electronics Inc. has agreed to acquire Ahmedabad-based product engineering company eInfochips Ltd, the two companies said on Tuesday, without disclosing the size of the transaction, reported Mint. Read more Future Group in…

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MoneyGram and Ant Financial Call Off Merger, Citing Regulatory Concerns

MoneyGram and Ant Financial of China called off their planned merger on Tuesday after failing to get regulatory approval in the United States. It is the latest deal to fall apart over concerns about Chinese purchases of American businesses. And the regulatory scrutiny, part of the review process by the Committee on Foreign Investment in the United States, or Cfius, could spell trouble for other Chinese companies considering major acquisitions. The deal between MoneyGram and Ant Financial was seen as…

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Citi Sets Odds For Apple-Netflix Merger

Citi analysts said there is a 40 percent possibility that tech giant Apple Inc. (AAPL) will buy online video streaming service Netflix Inc. (NFLX) in 2018, with the primary reason for a potential acquisition being attributed to U.S. President Donald Trump’s tax cuts. In a research note sent to investors, Citi analysts Jim Suva and Asiya Merchant lay the odds at 40 percent that Apple will buy Netflix this year. Apple, which is sitting on a massive cash pile of…

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Nippon Life eyes M&A for foreign boutique bond and alternative funds

Nippon Life Insurance Co, which recently struck a deal to buy about a quarter of U.S. investment firm TCW Group, is scouting for opportunities to buy boutique managers of bonds and alternative assets, its president said. “Asset management is a business that can generate synergy with life insurance and it needs to be operated globally. We have been looking widely for potential partners,” Yoshinobu Tsutsui told Reuters in an interview. The bulking up of asset management overseas by Japan’s largest…

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McKesson: Is This Pharmaceutical Distributor A Buy? – McKesson Corporation (NYSE:MCK)

Investment thesis McKesson (MCK) is the largest pharmaceutical distributor in North America and a major player in healthcare. The company is riding the wave of industry consolidation and expanding its footprint by acquiring numerous smaller players. Currently, the McKesson’s fundamentals are respectable and the healthcare industry is experiencing solid tailwinds. While the company’s debt has notably increased due to recent acquisitions, McKesson appears to be returning to historical and industry norms. Based on a panel of valuation models, McKesson is…

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1.02 is Evercore Partners Inc’s (NYSE:EVR) Institutional Investor Sentiment

December 31, 2017 – By Hazel Jackson Sentiment for Evercore Partners Inc (NYSE:EVR) Evercore Partners Inc (NYSE:EVR) institutional sentiment decreased to 1.02 in 2017 Q3. Its down -0.33, from 1.35 in 2017Q2. The ratio worsened, as 128 hedge funds started new or increased positions, while 126 sold and reduced their stock positions in Evercore Partners Inc. The hedge funds in our partner’s database now possess: 35.87 million shares, down from 37.39 million shares in 2017Q2. Also, the number of hedge…

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CREDIT SUISSE SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Credit Suisse Group AG

NEW ORLEANS, Dec. 29, 2017 /PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until February 20, 2018 to file lead plaintiff applications in a securities class action lawsuit against Credit Suisse Group AG (NYSE: CS), if they purchased the Company’s American Depositary Receipts (“ADRs”) between March 20, 2015 and February 3, 2016, inclusive (the “Class Period”).  This action is pending in the United States…

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Inside Charter’s Share Buyback Program

Charter at the UBS Global Media and Communications Conference PART 8 OF 10 By Andrew Smith  | Dec 29, 2017 8:22 am EST Charter’s share buyback program Repurchasing shares is one of the ways Charter Communications (CHTR) is returning value to its shareholders. In 3Q17, it repurchased shares worth $4 billion. Since the beginning of 2017, it has spent $8.5 billion on share buybacks as of the end of 3Q17. During the UBS Global Media and Communications Conference on December…

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Why Gilead Sciences Stock Should Be Avoided in 2018 | Business Markets and Stocks News

Thanks to the Republican tax legislation, pharmaceutical stocks are set to continue their heady northward trajectory in 2018. This newly minted tax reform, after all, should spur a flurry of mergers and acquisitions (M&A) activity by permitting companies to repatriate their overseas profits at far more friendly tax rates moving forward. Not all pharma stocks, however, are strong buys, despite this rising-tide phenomenon. Keeping with this theme, I think Gilead Sciences (NASDAQ: GILD), in particular, is one well-known biotech stock…

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Lipid Nutrition Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022 – Mergers & Acquisitions News Today

Latest Report on Lipid Nutrition Market Global Analysis & 2022 Forecast Research Study PUNE, INDIA, December 29, 2017 /EINPresswire.com/ — Global Lipid Nutrition Industry Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Lipid Nutrition in these regions, from 2012 to 2022 (forecast), covering  North America  Europe  China  Japan  Southeast Asia  India  Global Lipid Nutrition market competition by top manufacturers, with production, price, revenue (value) and market share…

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Neurovascular Intervention Market: Industry Size, Growth, Analysis And Forecast of 2021 – Mergers & Acquisitions News Today

The Global market for Neurovascular Intervention is projected to reach nearly US$4 Billion by the end of 2021 PUNE, INDIA, December 29, 2017 /EINPresswire.com/ — Global Neurovascular Intervention Industry Latest Report on Neurovascular Intervention Market Global Analysis & 2021 Forecast Research Study The Global market for Neurovascular Intervention is projected to reach nearly US$4 Billion by the end of 2021 growing at a CAGR of around XX% from 2016 to 2021. Market growth can be attributed to factors such as…

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Glycine Market 2017: Global Key Players, Trends, Share, Industry Size, Growth, Opportunities, Forecast To 2022 – Mergers & Acquisitions News Today

Wiseguyreports.Com Adds “Glycine – Global Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2022”  PUNE, MAHARASHTRA, INDIA, December 27, 2017 /EINPresswire.com/ — Glycine Market 2017      Description:  In this report, the global Glycine market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption,…

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