Earlier this month, the U.S. Federal Trade Commission (FTC) had demanded that Line sell off more assets than it had previously anticipated; the FTC also wanted prospective buyers to meet certain requirements. In a warning to investors, Linde has disclosed… Read More ›
M&A
PepsiCo acquires Sodastream for $3.2 billion
The deal sees snack and beverage giant PepsiCo acquiring countertop carbonated water machine maker SodaStream for $3.2 billion. It underscores PepsiCo’s push to add healthier products to its portfolio and move to a more environmentally friendly agenda. On Monday, New… Read More ›
Tribune Media Co exits from Sinclair Broadcast Group’s $3.9 billion deal
Tribune Media Co was to be acquired by Sinclair Broadcast Group for $3.9 billion. On Thursday, Tribune Media Co has terminated its $3.9 billion deal to be acquisition by Sinclair Broadcast Group, citing regulatory hurdles. Federal Communications Commission (FCC) Chairman… Read More ›
Cigna Corp overpaying for acquiring Express Scripts Holding Co: Carl Icahn
The deal, as pointed out by Carl Icahn’s letter to Cigna’s shareholders, has at least two significant areas of concern. On Tuesday, billionaire investor Carl Icahn urged Cigna Corp’s shareholders to vote against Cigna’s $52 billion acquisition of Express Scripts… Read More ›
Heineken NV and China Resources Beer Co Ltd enter into a $3.1 billion deal
Both companies are conducting their due diligence and aim to close the deal, subject to regulatory approval, by the end of this year. 1864 founded Dutch brewing giant Heineken NV has struck a $3.1 billion deal with China Resources Beer… Read More ›
Solar panel glut leading to more cost effective installations globally
The glut has not only significantly diluted the impact of Trump’s tariffs but has also led to solar panel makers consolidating and expanding their market footprints through volume rather than margins. In recent weeks, the steep decline in the prices… Read More ›
Thomson Reuters Corp’s Financial and Risk unit to be renamed Refinitiv after acquisition
David Craig, the current head of Thomson Reuters Corp’s Financial and Risk unit will become the CEO after the completion of the deal, which is expected to close by 2018. According to a statement by U.S. private equity firm Blackstone… Read More ›
Broadcom’s proposes $19 billion acquisition of U.S. software firm CA
Earlier the Trump Administration had blocked Broadcom’s $117 billion hostile bid to acquire Qualcomm Inc citing national security concerns. But since then in a cunning move, Broadcom has re-domiciled from Singapore to the U.S, which places it outside of CFIUS’… Read More ›
Comcast raises its bid for Britain’s Sky to $32.5 billion
Tune in to the M&A channel to view the latest in the top prime time drama over Britain’s Sky. Topping Rupert Murdoch’s Twenty-First Century Fox’s bid for Britain’s Sky, Comcast Corp raised its offer to $32.5 billion. Previously, Fox had… Read More ›
Rupert Murdoch’s 21st Century Fox agrees to acquire Sky for 24.5 billion pounds
Having outbid Comcast, 21st Century Fox expects to receive regulatory approval from Britain later this week. On Wednesday, 21st Century Fox stated it has secured a deal to acquire Britain’s Sky for 24.5 billion pounds. Rupert Murdoch’s 21st Century Fox… Read More ›