Paying an Arm and a leg? Chipmaker shares soar on news of £24.3bn SoftBank takeover bid July 18, 2016 British tech giant Arm Holdings has agreed to a £24.3bn takeover bid by Japanese telecoms group Softbank – and the new owners have big plans for growing the company. Shares shot up in early trading, then stuck there: shares in the Cambridge-based firm were up 42.6 per cent in late morning trading [stockChart code="ARM" date="2016-07-26 17:00"] Read [...]
How six City analysts reacted to Arm’s acquisition by Softbank July 18, 2016 Another ripe fruit was plucked from the tree of UK plc today, after Japanese lender Softbank announced it was acquiring Arm Holdings, the rockstar chip designer. Not surprisingly, shares in the company, whose clients include Apple and Samsung, shot up more than 40 per cent on the announcement of the news. But how did the City [...]
As SoftBank swoops for Arm Holdings – is the weak sterling making British firms more attractive to foreign buyers? July 18, 2016 The deal between Japan's SoftBank and London-listed Arm Holdings announced this morning could be just the first of many foreign transactions kicked off by the recent referendum. SoftBank's £24.3bn swoop for Arm, which is said to be the biggest ever technology acquisition in Europe, was probably helped by the fact that sterling is significantly weaker in [...]
These are the roles most likely to get the chop following a merger July 18, 2016 If your company is going through a merger, research out today suggests you might want to polish off your CV if you have a boardroom position in charge of cash or computers. The study by DHR International discovered 43 per cent of director-level jobs are dropped from companies a year after they merge, with technology and [...]
Improved Bayer offer for Monsanto fails to kill seeds of doubt around deal July 15, 2016 Analysts do not appear to believe US seeds company Monsanto will be interested in Bayer’s improved takeover offer. The German company upped its offer from $122 to $125 per share on Thursday. The Bayer statement came after it was reported that Monsanto was in talks with its German rival BASF, which itself came after describing the Bayer [...]
German Bayer improves takeover offer for US GM seeds company Monsanto July 14, 2016 German drugs and chemicals giant Bayer has improved its bid for US GM seeds company Monsanto after its previous $62bn (£46bn) offer was branded “financially inadequate”. Bayer said that, after engaging in private talks with Monsanto, it had improved its offer from $122 per share to $125. In a statement on Thursday afternoon, Bayer said [...]
UK’s special relationship with US remains (in M&A, at least) July 14, 2016 The UK and US have maintained a special relationship in the mergers and acquisitions (M&A) world this year, according to a new report from Deloitte. Despite a global slowdown in M&A activity, US corporates and private equity houses announced 168 UK-targeted deals in the first half of the year, meaning activity is flat year-on-year. There [...]
Acadia takeover of healthcare group Priory set for UK competition probe July 14, 2016 The takeover of UK-based Priory Group by US healthcare group Acadia has been referred for an in-depth investigation to the Competition and Markets Authority (CMA). Acadia, an operator of psychiatric hospitals, announced the takeover deal for Priory, which is known for its celebrity rehab patients, in January. The companies said the deal will consist of shares and cash, [...]
Monsanto turns attention to another German after “inadequate” Bayer offer July 14, 2016 US genetically modified (GM) seeds company Monsanto is reported to be in talks with Germany’s BASF after rejecting a $62bn (£47bn) takeover offer from Bayer. And it appears to be good news all round for the three companies’ share prices. In the US, Monsanto’s shares are up nearly two per cent to $102.80 in out-of-hours trading; [...]
Investment banking revenues across Europe have hit a 14-year low in 2016 July 13, 2016 European investment banking (IB) revenues have plunged to a 14-year low, new figures show. In total, IB turnover has come to $8.2bn (£6.2bn) so far this year, to 12 July, according to Dealogic. This is down 22 per cent on the same period in 2015 and is at its lowest year-to-date level since 2002. The figures emerged [...]