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.

Avalon GloboCare Engages Boustead Securities as Underwriter and Financial Advisor

FREEHOLD, NJ–(Marketwired – November 02, 2017) – Avalon GloboCare Corp. (OTCQB: AVCO), a leading global developer of cell-based technologies, announced today that it has retained Boustead Securities, LLC (“Boustead”) as its Underwriter and Financial Advisor and plans to uplist from the OTCQB to a senior national exchange. Dr. David Jin, President and CEO of Avalon GloboCare, commented, “We are pleased to announce the launch of our uplisting efforts as we continue to execute on our growth strategy. We believe that…

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Norcros : Proposed Acquisition of Merlyn Industries Limited

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU NO. 596/2014) (‘MAR’). 2 November 2017 Norcros plc (‘Norcros’ or the ‘Company’) Proposed Acquisition of Merlyn Industries Limited (‘Merlyn’) and associated Firm Placing and Placing…

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Buying Sprint Stock Is A Bet Against The Merger – And Probably A Good One – Sprint Corporation (NYSE:S)

Increasingly in recent weeks, Sprint (S) and T-Mobile (TMUS) have appeared set on their course to consummate a long-awaited marriage between the two companies and produce a viable third superpower in the wireless wars, alongside AT&T (T) and Verizon (VZ). In recent days, of course, that confidence has been severely shaken. I was away from writing for several weeks – family matters – and still am not fully back up and running. I have been gradually resuming coverage of my…

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California Congressman Presses Sinclair on Merger Concerns (Exclusive)

1:54 PM PDT 11/1/2017 by Jeremy Barr In a letter, Democratic Rep. Tony Cardenas asked tough questions about the Sinclair-Tribune merger. On Wednesday afternoon, Congressman Tony Cardenas sent a letter to Sinclair Broadcast Group CEO Chris Ripley outlining concerns he and his 46 co-signers have about the company’s pending acquisition of Tribune Media. Democratic politicians have joined with public interest groups and even conservative media companies to oppose the merger, which is under review by the Federal Communications Commission and the…

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LEVEL 3 COMMUNICATIONS INC : Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Material Modification to Rights of Security Holders, Changes in Control or Registrant, Change in Directors or Principal Officers, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Other Events, Financial Statements and Exhibits (form 8-K)

Item 1.01. Entry into a Material Definitive Agreement. In connection with the Subsequent Merger, on November 1, 2017, Level 3 Financing, Inc. (“Level 3 Financing”), a wholly owned subsidiary of the Company, entered into (i) a Supplemental Indenture (the “5.25% Notes Supplemental Indenture”) to the Indenture dated as of March 22, 2016 (the “5.25% Indenture”), among Level 3 Financing, as issuer, the Company, as guarantor, and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”); (ii)…

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Why Arlington’s D.R. Horton will lose its status as nation’s top homebuilder | Real Estate

Last year Lennar sold 26,563 homes nationwide and CalAtlantic’s sales were 14,229. In the Dallas-Fort Worth area, both companies were in the top 10, with Lennar selling almost 1,200 houses in the year-ending third quarter 2017 and CalAtlantic with 722, according to data from Metrostudy Inc. “The industry is abuzz with news of Lennar’s acquisition of CalAtlantic,” Metrostudy’s Paige Shipp said. Ted Wilson with Dallas-based Residential Strategies said the combined builder will give the firm a bigger share of the…

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Sugarmade in Acquisition Negotiations to Create the Largest Publically Traded Cannabis Industry Supply Company

CITY OF INDUSTRY, California, November 1, 2017 /PRNewswire via COMTEX/ — CITY OF INDUSTRY, California, November 1, 2017 /PRNewswire/ — Sugarmade, Inc. (otcqb:SGMD), today announces a realignment of its business direction and outlines negotiations currently underway to significantly expand its business operations within the fast growing cannabis sector. The Company had entered into late stage negotiations with two companies regarding possible acquisition or merger and has entered into other discussions with potential financing sources to facilitate these transactions.   “We…

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Media M&A deals valued at over 7 billion euros announced on Deal of the Year 2017 EMEA shortlist — TMT Finance

    TMT M&A Awards 2017   LONDON – Oct. 31, 2017 – PRLog — Seven media mergers and acquisitions with a combined valuation of over 7 billion euros have been announced on the shortlist for the Media M&A Deal of the Year for 2017 for Europe, the Middle East and Africa, reflecting a big year for dealmakers and M&A advisers in the media sector as digital convergence drives deals across telecom, media and tech sectors. Media companies that feature…

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Food ordering app Zomato in talks with delivery provider Swiggy for a potential merger

Zomato is reportedly in talks with Swiggy for a potential merger. (Image: Reuters) Gurgaon-based food delivery provider Zomato is in talks with its rival Swiggy for a potential merger, according to a Times of India report. However, the proposal from Zomato, may not end in a merger as both the players are unlikely to agree on the terms of the transaction, the newspaper reported citing sources. According to the report, a source said, “Zomato had offered a 1:4 share swap…

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Comodo CA sold to private equity as DigiCert completes Symantec CA purchase

The certificate authority (CA) business of Comodo has seen its majority share sold to Francisco Partners for an undisclosed amount. As part of the deal, Comodo CA will have former Entrust COO and Expedia CIO Bill Holtz installed as CEO, alongside new chair Bill Connor, who currently serves as president and CEO of SonicWall and was previously CEO of Entrust. Sonicwall was spun out of Dell Technologies in November last year, and remains controlled by Francisco Partners and hedge fund…

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Lexpert roundup: Otsuka buys Daiya; Kirin to sell Amgen; Sprint, T-Mobile merger stalls

Lexpert Roundup on the Business of Law Lexpert identifies and reports on emerging business issues and practice areas in the business of law. Whether online, in our magazine or in the DealsWire e-newsletter, we chronicle deals and lawsuits of interest, and cover issues of broad concern to the legal profession and those who purchase legal services. We hope you enjoy this sampling of our latest content. From the DealsWire: Otsuka buys Daiya | Kirin to sell Amgen | Sprint, T-Mobile…

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Cotiviti : Appoints Bradley Ferguson as Chief Financial Officer

Cotiviti Holdings, Inc. (NYSE:COTV) (“Cotiviti”), a leading provider of payment accuracy and analytics-driven solutions primarily focused on the healthcare industry, announced today that Bradley Ferguson was named Senior Vice President and Chief Financial Officer of the company, effective November 6, 2017. He most recently held senior operational and finance roles at EarthLink, Inc. “Brad’s strong operational leadership and financial expertise are excellent additions to Cotiviti as we work to deliver significant value to both clients and shareholders,” said Doug Williams,…

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Merger Forms Nation’s Largest Home Builder

Lennar Corp. and CalAtlantic Group, two of the country’s largest residential builders are merging to form America’s largest home builder in a $9.3 billion deal. The merger will cover around 240,000 building plots or home sites in 21 states, and the combined company will have about $18 billion in market capitalization. Lennar and CalAtlantic operate in 31 of the same markets nationwide. CalAtlantic, however, will bring new markets such as Salt Lake City and Indianapolis to Lennar’s portfolio. CalAtlantic also…

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Nigeria’s Access Bank eschews M&A in Ghana growth strategy

LAGOS, Oct 31 (Reuters) – Nigeria’s Access Bank plans to pursue organic growth in Ghana rather than mergers or acquisitions after the central bank raised the minimum capital requirement for lenders in the West African country, its group chief executive said on Tuesday. Ghana’s central bank in September raised the minimum capital required for banks threefold to 400 million cedis ($92 million) as part of measures to ensure financial stability, its spokesman said. Lenders have until the end of 2018…

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BIF’s Kaplan Talks CVS Acquisition of Aetna, Better to Be the Disruptor

Email to a friend Permalink Tuesday, October 31, 2017   Saul Kaplan Saul Kaplan joins GoLocal LIVE to discuss the merger between CVS and Aetna. Kaplan says the move by CVS is a great example of a business taking control of its own fate — it is better to be the disruptor than be disrupted. The proposed deal between CVS and Aetna is one of the biggest in business history. Kaplan heads Business Innovation Factory and is a leading expert…

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Merger, acquisition trend not cooling | Business

LONDON – The appetite for mergers and acquisitions remains near a record high as firms try to adapt to fast technological changes and despite a welter of geopolitical concerns, a survey of executives found Monday. In its biannual report of mergers and acquisitions, or M&A, consulting firm EY found that 56 percent of firms are planning a deal within the next 12 months. That’s unchanged from the previous survey in April but way above the survey’s long-run average. The survey…

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