Yesterday’s deals frenzy means M&A this year is already worth more than during the whole of 2013 September 16, 2014 UK mergers and acquisitions may be looking shakier than usual – but across the rest of the world, M&A is already worth more this year than during the whole of 2013. According to data from Mergermarket, $18.1bn (£11.2bn) of deals took place yesterday (including Microsoft's $2.5bn agreement to buy Minecraft creator Mojang), the highest value [...]
Publicis share price jumps as management shake up after omnicom merger failure sees Maurice Levy stay on until 2017 September 16, 2014 Publicis Group's share price jumped 1.4 per cent in early trading after chief executive and chairman Maurice Levy announced his intention to stay in charge of the world’s third largest advertising group until 2017. The 72 year-old’s term at the helm, which began in 1987, was expected to come to an end in 2015, however Levy [...]
UK’s Tui Travel agrees merger with its parent September 15, 2014 UK company TUI Travel yesterday agreed the terms of its all-shares merger with its German parent TUI, creating the biggest integrated leisure tourism group. The combined group would be based in Germany, TUI said, with a premium listing on the London Stock Exchange and a secondary listing in Germany. The deal, which would need the [...]
More mining M&A on the cards? Anglo American share price rises as boss says “come and get us” September 2, 2014 Shares in Anglo American, the world's largest platinum miner, jumped 2.6 per cent this afternoon after its chief executive said the company is open to takeover offers. In an interview, Mark Cutifani said his job is "to create value" – adding that "if somebody sees value, then there's a conversation to be had". I'm not [...]
Scuppered Pfizer-AstraZeneca deal leaves UK M&A at an all-time low September 2, 2014 Pfizer's thwarted acquisition of AstraZeneca may have kept proponents of British business happy – but it also helped push the number of mergers and acquisitions taking place in the UK to a historic low in the second quarter of 2014, official figures published this morning showed. The number of mergers and acquisitions involving UK companies [...]
Fyffes share price up as markets go bananas for Chiquita merger shipping savings August 27, 2014 Shares in London-listed fruit giant Fyffes jumped yesterday, after a joint announcement with banana colossus Chiquita that the firms identified another $20m (£12.06m) in synergy savings to be made by their merger. Fyffe’s shares rose to 78.5p during the day, up by 4.67 per cent from Tuesday’s close. The companies had already announced $40m in [...]
Carillion and Balfour Beatty deal off as deadline passes ending mega-merger – for now August 21, 2014 The 5pm deadline for Carillion to make an offer for Balfour Beatty passed yesterday not with a bang and barely a whisper. However, while the £3bn deal is dead for now, some analysts say it may not be buried. Commenting on BBC Radio Five Live’s Wake up to Money programme yesterday, Colin McLean of SVM Asset [...]
Carillion calls off Balfour Beatty merger bid August 20, 2014 Building giant Carillion has backed away from its bid for rival Balfour Beatty after three unsuccessful attempts. Ahead of tomorrow's "put up or shut up" 5pm, Carillion this afternoon issued a statement saying it was "no longer proposing a merger". Balfour Beatty shares opened 5.7 per cent lower per cent this morning after its board [...]
Third time not lucky: Balfour Beatty shares open 5.7% lower as it rejects another Carillion merger offer August 20, 2014 Balfour Beatty has rejected a third merger offer from Carillion, as they remain unwilling to end the planned sale of US design consultancy Parsons Brinkerhoff. Construction services group Carillion yesterday offered a sweetened merger proposal to Balfour in the hope of finally coming to an agreement that has failed to materialise since Carillion first approached [...]
Balfour Beatty share price jumps as Carillion raises merger bid August 19, 2014 Carillion, the construction services group, yesterday sweetened its takeover offer for Balfour Beatty in the hope it would break through the wall of resistance from its rival and convince an intransigent chairman and his team of advisers to return to the negotiating table. The raised bid, which values Balfour Beatty at £2.1bn, comes as the [...]