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Expect More Than Standard Antitrust Scrutiny For ChemChina/Syngenta Deal
Wednesday, February 3, 2016 - 2:47pm | 330State-owned ChemChina has officially made an aggressive $43 billion bid for Swiss seeds and pesticides company Syngenta AG (ADR) (NYSE: SYT). Following confirmation of the deal, Benzinga had the chance to speak with Chris Pultz of the Kellner Merger Fund regarding the possibility that the deal...
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M&A Expert Says Market Volatility Delaying Deals, But Not Discouraging Them
Tuesday, January 26, 2016 - 1:32pm | 433This week’s $14 billion merger between Johnson Controls Inc (NYSE: JCI) and Tyco International demonstrates that there are certainly still large M&A deals happening in the face of the global economic uncertainty that has produced a shaky opening month for markets in 2016. However, has...
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Could Johnson/Tyco Inversion Have Happened Under A President Trump?
Monday, January 25, 2016 - 2:37pm | 368Johnson Controls Inc (NYSE: JCI) and Tyco International PLC have announced a mega merger that, upon completion, would save the combined company at least $150 million per year on taxes and at least $500 million per year in costs over the first three years. Inversion Fever The structure of the...
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EXCLUSIVE: Here's What The DowDuPont Merger Means
Friday, December 11, 2015 - 12:29pm | 644The merger deal between E I Du Pont De Nemours And Co (NYSE: DD) and Dow Chemical Co (NYSE: DOW) will likely create arbitrage trading opportunities in the market. Kellner Capital believes that the deal will likely hold up to regulatory scrutiny. Any required divestitures could be...
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Upcoming Oil, Gas M&A Action 'Old News'
Wednesday, December 9, 2015 - 2:01pm | 478Stocks in the United States were rallying earlier Wednesday, as Dow Chemical Co (NYSE: DOW) is in its advanced stages of merger talks with E I Du Pont De Nemours And Co (NYSE: DD). In what may be the largest deal in the chemicals industry, the transaction would create the world's second-largest...
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Anheuser-Busch/SABMiller Deal Shows Market Still Hungry For M&A; Oil & Gas Could Be Next
Wednesday, November 11, 2015 - 1:51pm | 732Kellner Capital believes that the Anheuser Busch Inbev SA (ADR) (NYSE: BUD)/SABMiller merger is an indication of the continuing appetite in the M&A market for large deals. Fund manager Chris Pultz believes that the companies will be able to appease global antitrust regulators and gain...
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Walgreens-Rite Aid Buyout Will 'Hopefully' Put Downward Pressure On Drug Prices
Wednesday, October 28, 2015 - 12:29pm | 512Two of the nation's largest drugstore companies are coming together. Walgreens Boots Alliance Inc (NASDAQ: WBA) on Tuesday agreed to purchase Rite Aid Corporation (NYSE: RAD) for a little over $9 billion, or about $9 per share in cash. Rite Aid shares soared 40 percent when The Wall Street...