Mergers & Acquisitions

Thales strikes US$5.6B acquisition deal for Gemalto

French aerospace multinational, Thales, has struck a deal to acquire Gemalto in a deal reportedly worth around €4.8 billion (US$5.6 billion) just days after integrator, Atos, pitched a €4.3 billion (US$5.1 billion) deal to acquire the digital security provider. The two companies announced the deal in a statement issued on 17 December, saying that they had reached an agreement on an all-cash offer for all issued and outstanding ordinary shares of Gemalto, for a price of €51 per share, representing…

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The Government Might Be Investigating The Disney-Fox Merger

Image: Marvel X-Men fans might be happy about the news that Disney plans to buy a large portion of 21st Century Fox, but the Democrats on the Senate and House antitrust subcommittees aren’t as thrilled. According to Variety, top Democrats have voice their concerns about the merger, which could potentially violate antitrust laws. “I’m concerned about the impact of this transaction on American consumers,” said Senator Amy Klobuchar (D-Minn.), the ranking member of the Senate Judiciary antitrust committee. She also…

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Tareen lucky as SC did not dig deep into ‘insider trading’ | Pakistan

Tareen lucky as SC did not dig deep into ‘insider trading’ LAHORE: Although PTI’s frontline leader, Jahengir Tareen, was disqualified for life by the Supreme Court on Friday for the non-declaration of his property/assets in his nomination papers and for making untrue statements before the Apex Court, he must deem himself lucky as the judges did not go deep into charges of “Insider Trading” against him otherwise the matter could have gone worse. These charges against Tareen date back to…

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Is the global desire to buy British a bad thing for UK tech firms? | Business

Apple’s acquisition of music-recognition app Shazam, for a reported $400m (£300m), is just the latest in a string of major acquisitions of British technology companies by overseas suitors. The purchase is Apple’s biggest since 2014, when it spent $3bn on headphone manufacturer Beats Electronics, and is one of the largest acquisitions this year for the British tech sector. It follows the sale of Imagination Technologies, which makes the graphics processors used in iPhones and iPads, to a Chinese private equity…

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Why CVS-Aetna may be bad for your health

The proposed marriage of CVS and Aetna would be a $69 billion merger. (Lucas Jackson/Reuters) There are good reasons to be suspicious of the proposed $69 billion merger between CVS Health, the country’s largest pharmacy, and Aetna, one of the largest national health insurers. CVS-Aetna is what is known as a “vertical merger,” involving firms in different but related markets. Because the companies don’t directly compete, vertical mergers have been viewed as good for competition — or at least benign — on…

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Finance: Centerview Partners has crushed 2017 — and its investment bankers are going to make a fortune in 2018 as well – Finance

Boutique investment bank Centerview Partners is having a monster year. It has advised on some of the biggest deals in 2017, including the $69 billion CVS-Aetna merger and Disney’s $66 billion buyout of 21st Century Fox’s film and TV assets. With just 37 senior bankers on staff, the small firm is projected to pull in as much as $13.5 million per partner. In the first two weeks of December, two industry-shaking transactions hit the wire: CVS Healthcare announced a deal…

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Singapore M&A activity up 3.9% to $119.82b in 2017

18 deals above US$1b had a total value of US$46.2b. Singapore’s overall merger & acquisition (M&A) activity in 2017 rose 3.9% YoY to $119.82b (US$89b), the highest so far since 2014. According to Thomson Reuters data, the average M&A deal size for disclosed deals grew from US$138.4m last year to US$139.5m, which comprised 18 deals above US$1b, including a US$16b jumbo deal, with a combined value of US$46.2b and an increase in mid-market deals that ranged from US$50m to less…

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‘The Simpsons’ Predicted Disney’s Fox Deal in 1998

Thousands of years from now, alien archaeologists will come to one inescapable conclusion: The Simpsons dictated humanity’s every advance. The latest evidence is none other than today’s giant Disney-Fox merger, which America’s favorite family jokingly predicted in 1998. As many had noted once word of Disney’s 21st Century Fox acquisition broke, The Simpsons has another prescient joke to join the ranks of President Trump, FIFA corruption, Siegfried and Roy, and more. Back in 1998, the Hollywood-centric episode “When You Dish…

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ASB announces Vittoria Shortt as new Chief Executive

Friday, 15 December 2017, 12:34 pmPress Release: ASB Bank Media ReleaseDecember 15, 2017 ASB announces Vittoria Shortt as new Chief Executive ASB Chairman Gavin Walker today announced the appointment of Vittoria Shortt as Chief Executive of ASB. Ms Shortt will succeed retiring CEO Barbara Chapman and will commence her new role at ASB in early February 2018. A native New Zealander, Ms Shortt joined ASB’s parent company, the Commonwealth Bank of Australia (CBA), in 2002 and brings to ASB a…

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Historic Hollywood merger: Disney to buy 21st Century Fox assets for $52.4 billion

The Walt Disney Co. has set a $52.4 billion, all-stock deal to acquire 20th Century Fox and other entertainment and sports assets from Rupert Murdoch’s empire. The deal between Disney and 21st Century Fox marks a historic union of Hollywood heavyweights and a bid by Disney to bolster its core TV and film businesses against an onslaught of new competitors in the content arena. The transaction unveiled early Thursday morning has a total value of $66.1 billion, with Disney assuming $13.7 billion in 21st…

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Smith to Join Prime Risk Partners in Atlanta as Chief Operating Officer

Prime Risk Partners announced that Robert C. Smith has joined the company as executive vice president and chief operating officer. Smith’s career has focused on agency operations consulting and mergers and acquisitions. As a senior consultant and shareholder with Reagan Consulting, he was part of the team that initially developed the Reagan/IIABA Best Practices Study and worked with Assurex Global and CIAB in the initial development and implementation of the E&O Plus Quality Management Program. He has participated as an…

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Tri Counties Bank CEO talks about proposed acquisition

Chico >> A bank with long heritage, similar values and a foothold in the lucrative Bay Area market. That’s how Chico-based Tri Counties Bank President and CEO Richard P. Smith views 54-year-old First National Bank of Northern California, based in South San Francisco. Tri Counties parent company TriCo Bancshares announced its plans to acquire FNB Bancorp of South San Francisco on Monday in a $315.3 million stock transaction. Both boards of directors have approved the agreement, but shareholders and state…

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Karen A. Stanek, M.D., Ph.D., is recognized by Continental Who’s Who – News Press Release

Karen A. Stanek, M.D., Ph.D., is recognized by Continental Who’s Who Continental Who’s WhoPosted on: 13 Dec 17 Karen A. Stanek, M.D., Ph.D., is recognized by Continental Who’s Who PR Newswire SPOKANE, Wash., Dec. 13, 2017 SPOKANE, Wash., Dec. 13, 2017 /PRNewswire/ — Karen A. Stanek, M.D., Ph.D., is recognized by Continental Who’s Who as a 2017 Pinnacle Professional of the Year in the Medical field.     Dr. Stanek serves as a Physician and Founder of Northwest Medical Rehabilitation, which…

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Future and effectiveness of Jamaica’s competition legislation

The Fair Trading Commission (FTC) is entitled, under the Jamaican Fair Competition Act (FCA) to deal with any matter on its own initiative or at the request of any person adversely affected by a merger and acquisition (M&A) of enterprises. Consequently, the FTC is empowered to investigate whether any enterprise is engaging in business practices that give effect to any agreement with an anti-competitive purpose or effect in a market. The scope of the FTC’s jurisdiction over merger agreements and…

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How Disney’s Acquisition of Fox May Impact Marvel Comics

I’m Steve Gustafson and thanks for stopping by. Don’t forget to check out 411mania’s Comic Book Review Roundtable, every Thursday! Read up on the best reviews and let us know what you’re reading as well. Click to read the latest Comic Book Review Roundtable! Batman/Teenage Mutant Ninja Turtles II #1, John Wick #1, and more! Now, on with the show! Last week we discussed our Thoughts on the New Age of DC Heroes! Here’s what some of you had to…

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Aussie shares rise on financials, merger talks; NZ falls

Dec 13 (Reuters) – Australian shares inched up to a two-week high on Wednesday as financials rose in line with their U.S. peers, while the real estate sector was bumped up by shopping centre company Westfield Corp after it received a takeover offer from France’s Unibail-Rodamco SE. The S&P/ASX 200 index rose 10.5 points to 6,024.5 by 0032 GMT. The benchmark rose 0.3 percent on Tuesday. Westfield clocked a record gain of 15 percent after coming out of a trading…

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