Why George Osborne does not believe the London Stock Exchange-Deutsche Boerse merger is “1944 by stealth” May 11, 2016 Chancellor George Osborne has shown his support for the proposed merger of the London Stock Exchange and Deutsche Boerse. The £21bn "merger of equals" deal between the UK and German stock exchanges was agreed in March and the companies hope for completion by the end of this year or in the first quarter of 2017. [...]
China outbound M&A climbs to record highs May 10, 2016 Outbound merger and acquisition (M&A) activity in China has rocketed so far in 2016. The country has become the world leader in cross-border acquisitions, overtaking the US and Canada for the first time on record, according to data from Dealogic. M&A activity has hit $110.8bn (£76.7bn) so far this year, surpassing the 2015 full-year record [...]
Japanese and European investment banks agree merger to create global M&A advisory May 9, 2016 A Japanese investment bank has agreed a merger with a European peer to create one of the world's largest listed M&A advisories. The combination of Japan's GCA Savvian and Altium creates a new international investment bank operating across ten countries, in cities such as London, Manchester, Tokyo, San Francisco, New York, Mumbai, Frankfurt and Tel Aviv. Read more: These two [...]
Mmm: Krispy Kreme share price rockets on news of $1.35bn takeover May 9, 2016 The share price of Krispy Kreme Doughtnuts rocketed on Monday after the company treated investors to news of a takeover. JAB Beech has agreed to acquire Krispy Kreme for approximately $1.35bn (£936m), or $21 per share in cash. JAB is currently best known for its coffee businesses, including Keurig Green Mountain, which it acquired $13.9bn [...]
UK companies are increasingly worried about the economy – but want to do lots of M&A deals May 9, 2016 UK businesses are increasingly pessimistic about the economy – but hungry to complete deals. A new EY study found confidence in the mergers and acquisitions (M&A) market has eased back on levels seen at the end of 2015, a record year for announced deals. But the 14th Global Capital Confidence Barometer found UK executives' M&A appetite [...]
Top Gear and Radio Times magazine owner on for £300m sale May 8, 2016 Immediate Media, the publisher of some of Britain’s most popular magazines like Radio Times and Top Gear, is rumoured to be on sale for £300m. According to the Sunday Times, the publisher’s private equity owner Exponent is interviewing advisers for handling the sale that is expected to be completed before the summer. One of Britain’s [...]
Why the EU referendum should not be used as a scapegoat to explain falling M&A activity May 5, 2016 Barack Obama probably dealt with a wide array of important issues during his recent UK visit, but it’s doubtful anyone noticed. Only one subject dominated, and that was the US President’s views on Brexit. So loud is the discourse surrounding the EU referendum that, as was the case with President Obama’s visit, it threatens to [...]
Read all about it: More blows traded as USA Today publisher Gannett tries to take over its rival May 5, 2016 Numerous blows have been traded between two US newspaper publishers as one seeks to take over the other. USA Today publisher Gannett today reiterated its call for shareholders of Tribune to pressure its board into considering an $815m (£556m) offer. Gannett, which also owns UK regional newspaper publisher Newsquest, made the takeover bid for Tribune, publisher [...]
Why 2016 is already the worst year for collapsed M&A deals in the US May 5, 2016 The collapses of five $10bn-plus valued deals this year have led to unprecedented levels of cancelled mergers and acquisitions (M&A) activity in the US. Some $378.2bn (£260.8bn) worth of US-targeted deals have been been called off so far this year, according to Dealogic. Read more: The bitter pill of America's new tax law This is up 64 [...]
After Intercontinental Exchange rules out bid, here are the next challenges for the London Stock Exchange-Deutsche Boerse merger May 5, 2016 With the Intercontinental Exchange (ICE) out of the picture, analysts covering the London Stock Exchange-Deutsche Boerse merger are turning their attention to other challenges facing the deal. Antitrust, a potential Brexit, interest from other rivals and shareholder approval are among the "hurdles" now being faced. Exane BNP Paribas analysts believe there is more than half a chance the [...]