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.

Seacoast Completes Acquisition of First Green Bancorp, Inc.

Seacoast Completes Acquisition of First Green Bancorp, Inc. STUART, Fla., Oct 19, 2018 (GLOBE NEWSWIRE via COMTEX) — Seacoast Banking Corporation of Florida (NASDAQ: SBCF) (“Seacoast”), the holding company for Seacoast National Bank (“Seacoast Bank”), announced today the completion of its acquisition of First Green Bancorp, Inc. (“First Green”), effective October 19, 2018, pursuant to the merger of First Green with and into Seacoast and First Green Bank with and into Seacoast Bank. Under the terms of the definitive agreement,…

0
Read More

Cox Oil announces completion of Energy XXI Acquisition – New Orleans CityBusiness

Cox Oil (“Cox”), a privately owned, independent oil and gas company, today announced the completion of the merger between affiliates of Cox (“Merger Sub”) and Energy XXI Gulf Coast, Inc. (“EGC”) (NASDAQ: EGC), following the receipt of all required regulatory approvals and the satisfaction of all conditions to the merger agreement. Under the terms of the transaction, effective October 18, 2018, Cox acquired all outstanding shares of EGC common stock for $9.10 per fully diluted share in cash, for a…

0
Read More

Three things the Republicans got totally wrong

President Trump with Speaker Paul D. Ryan (R-Wis.) at the White House in May 2017. (Evan Vucci/AP) Jennifer Rubin Opinion writer reporting from a center-right perspective Two weeks from Tuesday, we will no longer have to scan polls and watch fundraising totals. Until then, however, there are strong signals — from Republicans and mounds of polling data — that the White House and GOP-controlled Congress misunderstood the electorate, badly, in no less than three ways. First, whatever momentary excitement they derived…

0
Read More

JSW Steel weighing options to fund acquisition of Bhushan Power, Essar Steel

New Delhi, Oct 19 () Sajjan Jindal-led JSW Steel is exploring various financing models, including a ‘joint control mechanism’, to fund the acquisition of the stressed assets of Bhushan Power and Steel Ltd and Essar Steel, a source said. This assumes significance as JSW Steel’s Rs 19,700 crore offer for debt-laden Bhushan Power and Steel (BPSL) has been backed by around 90 per cent of lenders. “JSW Steel is exploring differentiated financing options, including joint control model, to fund its…

0
Read More

Global Shaoxing Wine Market 2018 Industry Analysis, Share, Growth, Sales, Trends, Supply, Forecast 2025

Global Shaoxing Wine Market 2018 Industry Analysis, Share, Growth, Sales, Trends, Supply, Forecast 2025 Oct 19, 2018 (AB Digital via COMTEX) — Shaoxing Wine Market: Executive Summary Shaoxing wine (Shaohing, Shaoshing) is one of the most famous varieties of huangjiu, or traditional Chinese wines, fermented from rice. It originates from the region of Shaoxing, in the Zhejiang province of eastern China. It is widely used as both a beverage and a cooking wine in Chinese cuisine. It is internationally well…

0
Read More

China records slowest quarterly growth rate since 2009 as stock markets continue to slide

China stock marketReuters Shares in China extended losses in early trade on Friday as the country recorded its slowest quarterly growth rate since 2009, despite statements from senior regulators pledging support for private firms and companies facing liquidity problems. The Shanghai Composite index was down 0.4 percent in early trade after touching near four-year lows on Thursday. The blue-chip CSI300 index was 0.2 percent lower. In a move to shore up investor sentiment ahead, the governor of the People’s Bank…

0
Read More

China’s regulators rush to rally market confidence, boosting shares

FILE PHOTO: An investor watches a board showing stock information at a brokerage office in Beijing Thomson Reuters SHANGHAI (Reuters) – China’s regulators lined up to rally market confidence on Friday with new rules, measures and words of comfort as shares brushed near four-year lows for the second straight day before surging. Vice Premier Liu He, who oversees the economy and the financial sector, supplemented regulators’ moves by saying the recent stock market slump “provides good investment opportunity” and that…

0
Read More

China shares bounce despite weak 3Q GDP as regulators…

SHANGHAI, Oct 19 (Reuters) – Chinese stocks bounced on Friday, erasing losses from the past two sessions after regulators pledged steps aimed at calming markets and supporting struggling firms, as Beijing moved quickly to mitigate rising risks to the economy. Official data earlier in the day underscored weakness in the economy amid a worsening trade war with the United States. Gross domestic product grew 6.5 percent year-on-year in the third quarter, below expectations and the weakest quarterly pace since the…

0
Read More

China shares halt slide as regulators pledge support

China shares halt slide as regulators pledge support By Reuters Published: 22:13 EDT, 18 October 2018 | Updated: 00:58 EDT, 19 October 2018 SHANGHAI, Oct 19 (Reuters) – Chinese blue chips inched up on Friday morning, clawing back losses from the previous session, as regulators pledged support for firms facing liquidity problems, and brushing off data that showed the slowest quarterly economic growth since 2009. The CSI300 index ended the morning session up about 0.2 percent. The Shanghai Composite index,…

0
Read More

New York threatens to block $69B CVS-Aetna merger

New York regulators on Thursday threatened to block CVS Health’s $69 billion merger with Aetna, demanding that the companies not raise insurance premiums in New York and that its pharmacy-benefits manager submit to state regulation. New York is the last major obstacle that CVS, one of the nation’s largest drugstore chains and pharmacy benefit managers (PBMs), has in getting clearance to buy the nation’s third-largest insurer. Connecticut, where Aetna is based, approved the merger this week. Federal regulators have also…

0
Read More

China shares fall as GDP growth slows; regulators…

China shares fall as GDP growth slows; regulators pledge support By Reuters Published: 22:13 EDT, 18 October 2018 | Updated: 22:13 EDT, 18 October 2018 SHANGHAI, Oct 19 (Reuters) – Shares in China extended losses in early trade on Friday as the country recorded its slowest quarterly growth rate since 2009, despite statements from senior regulators pledging support for private firms and companies facing liquidity problems. The Shanghai Composite index was down 0.4 percent in early trade after touching near…

0
Read More

MUFG Union Bank Expands Middle Market Capabilities With Intrepid Investment Acquisition

Ed Bagdasarian, left, Tim Wennes, right Los Angeles-based Intrepid Investment Bankers, a regional middle market investment banking firm involved in providing merger and acquisition and capital raising services, was acquired by San Francisco-based MUFG Union Bank, the two companies announced Oct. 18. Intrepid will work in close partnership with the bank’s commercial banking and wealth markets groups. This is a new line of business for Union Bank, said Tim Wennes, West Coast president of MUFG Union Bank, in an interview.…

0
Read More

Invesco Ltd. (IVZ) CEO Martin Flanagan on Q3 2018 Results – Earnings Call Transcript

Invesco Ltd. (NYSE:IVZ) Q3 2018 Earnings Conference Call October 18, 2018 9:00 AM ET Executives Martin Flanagan – President and Chief Executive Officer Loren Starr – Chief Financial Officer Analysts William Katz – Citigroup Glenn Schorr – Evercore ISI Robert Lee – KBW Ken Worthington – JPMorgan Dan Fannon – Jefferies Brennan Hawken – UBS Mike Cyprys – Morgan Stanley Mike Carrier – Bank of America Merrill Lynch Kenneth Lee – RBC Capital Markets Chris Shutler – William Blair Alex…

0
Read More

Farmers & Merchants Bancorp, Inc. Reports 2018 Third-Quarter and Year-to-Date Financial Results – Mergers & Acquisitions News Today

Farmers & Merchants Bancorp, Inc. Reports 2018 Third-Quarter and Year-to-Date Financial Results – Mergers & Acquisitions News Today – EIN News Trusted News Since 1995 A service for banking industry professionals · Thursday, October 18, 2018 · 465,513,519 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

0
Read More

Farmers & Merchants Bancorp, Inc. Reports 2018 Third-Quarter and Year-to-Date Financial Results – Mergers & Acquisitions News Today

Farmers & Merchants Bancorp, Inc. Reports 2018 Third-Quarter and Year-to-Date Financial Results – Mergers & Acquisitions News Today – EIN News Trusted News Since 1995 A service for banking industry professionals · Thursday, October 18, 2018 · 465,504,528 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

0
Read More
About

Business on the Web provides the latest Business News: Breaking Personal Finance, Company,  Financial and Economic News.

Our blogs are an excellent place for technology professionals to get up-to-date industry news. Blogging about the hottest education technology issues.

Social Links