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.

Bharti Airtel receives regulatory approval for acquisition of Millicom in Rwanda

Bharti Airtel in December last year had signed an agreement with Millicom International Cellular SA to acquire 100 percent stake in its Rwanda operation. (Image: Reuters) Bharti Airtel on Wednesday announced that it has received an approval for the acquisition of Tigo Rwanda Limited, a subsidiary of Millicom International Cellular SA – Millicom – from the Rwanda Utilities Regulatory Authority (RURA). The merged entity will have the largest customer base in Rwanda with 5.9 million subscribers. The combined networks of…

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Merger and acquisition activity in Ireland expected to rise in 2018

Merger and acquisition (M&A) deals in Ireland are expected to be higher in 2018 compared with last year, a new survey of corporate executives and advisers by KPMG has found. Some 57 per cent of respondents to the accountancy firm’s survey said they expected deal volumes would top those recorded last year, while only 8 per cent said they would fall. The number of domestic deals in 2017 was in turn higher than it was the previous year, totalling 210…

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Morgan Stanley names David Aronovitch as global co-head of consumer retail investment banking- The New Indian Express

Morgan Stanley. (Reuters Photo) HONG KONG: Morgan Stanley has named David Aronovitch, one of its senior Asia dealmakers, as global co-head of consumer retail investment banking, according to an internal memo. Aronovitch, who joined Morgan Stanley in 1998 as an analyst and worked in New York and London before moving to Asia in 2006, would continue to head Asia Pacific consumer retail investment banking, according to the memo seen by Reuters. In his new role, Aronovitch will share responsibilities with…

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Stocks hit record as US senators reach deal to end govt shutdown

New York, Jan 23:   US stocks advanced on Monday as each of Wall Street’s main scored records in the wake of a deal by US senators to end the federal government shutdown. Legislation to renew federal funding to the government cleared a procedural hurdle in the Senate and was expected soon to pass votes in the Senate and House of Representatives, allowing government to re-open through February 8. “You would think something like the threat of a government shutdown or…

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Stocks Soar as Shutdown Showdown Ends — BIVV, SNY, VR, AIG, VUZI — Investing Daily

Now that Wall Street is getting what it wants, it seems to view politics as comedy. For investors, the showdown over the government shutdown was a version of High Noon, starring the Marx Brothers. Senators on Monday voted to reopen the federal government, ending the standoff between Democrats and Republicans over immigration. The main indices closed higher. But markets were trending higher in the morning, even when a deal was in doubt. Today’s gains were largely driven by fundamentals. Earnings…

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A bachelor’s guide to the right M&A fit

Although brokers contemplating a merger and acquisition may be focused on the financial mechanics of the deal, they should remain mindful about the cultural fit between the merged brokerages, as well as the right strategic fit between the merged entity and its insurer partners. “Money is certainly one aspect of a merger, and there are a lot of [financing] options there,” Trisura president and CEO Michael George told Canadian Underwriter Thursday, adding that the matching of corporate cultures and reaction…

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Redtail owners locked in legal fight

One elite, ultra-exclusive golf club. Two longtime business partners locked in a legal battle over its future. Control of the Redtail Golf Club, the swish golf course near Port Stanley whose guests have included Hollywood royalty — actors Michael Douglas, Catherine Zeta-Jones and Hugh Grant — and Queen Elizabeth II, has driven a wedge between London business juggernauts John Drake and Chris Goodwin, co-founders and sole shareholders of the storied rural property. “They’ve run into an issue between the two…

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Vietnam needs investment funds that back M&As

VietNamNet Bridge – The total value of M&A deals reached $6 billion in 2017, a surprisingly high figure. However, analysts say that Vietnamese investors were less competitive in M&A activities because they did not have support from banks and investment funds. Vietnam needs investment funds that back M&As The 2017 M&A market closed with the historic deal in which Vietnam Beverage acquired a 53 percent Sabeco stake, worth $5 billion. Prior to that, The Gioi Di Dong acquired Tran Anh,…

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Cornerstone Staffing Solutions, Inc. Announces the Acquisition of Chicago-based Arlington Resources, Inc.

PLEASANTON, Calif. and CHICAGO, Jan 20, 2018 (PRWeb.com via COMTEX) — Cornerstone Staffing Solutions has finalized the purchase of Illinois-based Arlington Resources, Inc. (“Arlington”). Arlington Resources will continue to operate under its current brand name and will become a division of Cornerstone Staffing Solutions. De Bellas & Co. acted as the exclusive financial advisor to Arlington in the transaction. Transaction details were not disclosed. Arlington is headquartered in Rolling Meadows, Illinois with staff also working in Chicago. The company provides…

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ADM pursues big ag merger with grain trader Bunge: WSJ | Business

CHICAGO/CALGARY, Alberta (Reuters) – Top U.S. grains merchant Archer Daniels Midland Co (ADM.N) has proposed a takeover of Bunge Ltd (BG.N), The Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with Swiss-based rival Glencore Plc (GLEN.L). Large grain traders that make money by buying, selling, storing and shipping crops have struggled in recent years with a global oversupply. Thin margins have squeezed core commodity trading operations, including those of ADM, Bunge, Cargill…

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AI funding tops $1 billion mark as mobile investments wane

Total corporate funding for healthcare technology companies climbed to $8.2 billion (including debt and public market financing) in 2017 – a whopping 47 percent increase from the $5.6 billion raised in 2016, according to the latest report from Mercom Capital Group. It was a record-breaking year, with worldwide venture funding for digital health startups posting similarly impressive numbers: $7.2 billion raised across 778 deals, representing a 42 percent uptick from the previous banner year of $5.1 billion in 2016.  In a sign…

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Group Nine Media hires Stacy Green as its first chief people officer

Group Nine Media has hired Stacy Green to lead its human resources team. The company was created at the end of 2016 by the merger of Thrillist, The Dodo, NowThis and Seeker. CEO Ben Lerer said that at the time, he assumed that there would be a “Lego-like” process of combining the best teams from each organization — and since Thrillist had the largest HR staff, it seemed natural for its team to take on that role for the whole…

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First Foods Group Launches Chocolate Edible Cannabis Subsidiary ‘Holy Cacao’ Ready For Production as New ‘Edibles’ Cult’

DENVER, Jan. 18, 2018 /PRNewswire/ — First Foods Group, Inc. (otcqb:”FIFG”) said it has registered its Holy Cacao® subsidiary with the state of Nevada on August 31, 2017 and has officially finalized its brand, logo, packaging, and 7 proposed products, thereby completing its design and concept phase. As of today, FIFG filed four applications for federal and Colorado state trademarks for its brand name “Holy Cacao” and “The Edibles’ Cult” to protect its name, tagline, unique product lines, recipes, and…

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Infosys’s struggles with M&A deals a test for new CEO Salil Parekh

New Infosys CEO Salil Parekh has sought time until April to outline the M&A strategy ahead for the outsourcing company. Photo: Hemant Mishra/Mint Bengaluru: Infosys Ltd continues to struggle to realize the promised benefits from its three acquisitions. The firm has shut down Noah Consulting, the company it bought for $70 million in 2015, and transferred all the business to the parent company, valuing the firm at 40% lower than the original purchase price. Meanwhile, a co-founder of Skava, a…

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Number of M&A transactions in Baltics to grow in infrastructure, transport :: The Baltic Course

The number of transactions on the mergers and acquisitions market of Estonia and the Baltic countries alike is set to continue this year, and in addition to the financial and telecom sectors increases are due to take place in infrastructure and transport, Toomas Prangli, managing partner at Sorainen law office, said, cites LETA. According to Prangli, the current numbers of M&A transactions are equal to those seen before the previous economic crisis. “Activity is high and about as intense as before…

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Accountancy firm deals add up to over £500m

Accountancy firm Anderson Anderson & Brown (AAB) notched up 52 deals worth a total of more than £500million during 2017. The transactions were across a wide range of sectors, including oil and gas, construction, food and drink, technology, retail and support services. It is the fourth successive year in which Aberdeen-based AAB has completed more than 50 deals, while in terms of value, the latest total is up by about 50% from 2016. The 2017 figures were boosted by an…

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