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Mmm, Mmm Mergers: M&A In The Food Sector
Monday, December 18, 2017 - 11:19am | 437Monday's session featured two notable M&A deals in the food sector. Hershey Co (NYSE: HSY) agreed to acquire Amplify Snack Brands Inc (NYSE: BETR) in a deal which values the company at $12 billion. And Campbell Soup Company (NYSE: CPB) agreed to acquire Snyder's-Lance Inc (...
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Baird: RPX Corp. Buyout Would Be An 'Incremental Positive'
Wednesday, December 13, 2017 - 2:38pm | 421Patent risk management services company RPX Corp (NASDAQ: RPXC) has long been rumored to be a takeover target. In March, the company was reportedly approached by private equity firms regarding a potential buyout. Recent M&A speculation surrounding the company led to comments on the rumor...
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Cowen Names Marvell A 'Best Idea' For 2018
Monday, November 27, 2017 - 4:37pm | 412Marvell Technology Group Ltd. (NASDAQ: MRVL) is one of Cowen's "best ideas" for 2018, with organic growth and a highly synergistic deal according it $2-a-share earnings power, according to the research firm. The Analyst Cowen analyst Karl Ackerman has an Outperform rating...
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A Sign Of Things To Come? Traders Are Betting On More Biotech Mergers
Thursday, August 31, 2017 - 4:37pm | 721Even with modest August losses for the S&P 500 and the broader healthcare sector, biotechnology stocks and exchange traded funds (ETFs) are surging. The S&P Biotechnology Select Industry Index is up more than 3 percent this month and has been ripping higher in recent days. ...
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Report: SiriusXM In Talks To Acquire Pandora
Wednesday, May 17, 2017 - 6:15pm | 269Sirius XM Holdings Inc. (NASDAQ: SIRI) is in talks to acquire Pandora Media Inc (NYSE: P), according to a report from the New York Post. The report comes on the heels of a new $150 million investment by from KKR in Pandora disclosed during the company's Q1 earnings report on May 8....
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JPMorgan And GE's Business Relationship Is More Than 100 Years Old
Friday, April 7, 2017 - 2:43pm | 398JPMorgan Chase & Co. (NYSE: JPM)'s relationship with General Electric Company (NYSE: GE) dates back to last century. According to a Bloomberg report, General Electric has been a client of JPMorgan for 125 years. Way back in 1892, JPMorgan, known as John Pierpont Morgan's Drexel Morgan & Co...
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Kate Spade Spikes 17% Amid M&A Speculation
Wednesday, December 28, 2016 - 2:15pm | 348Shares of Kate Spade & Co (NYSE: KATE), a designer and marketer of high-end accessories and apparel, soared more than 17 percent early Wednesday afternoon amid M&A speculation. The Wall Street Journal reported that Kate Spade is exploring a sale of itself due to pressure from Caerus...
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Centurylink, Level 3 Confirm $34 Billion Deal
Monday, October 31, 2016 - 7:25am | 445Centurylink Inc (NYSE: CTL) confirmed Monday it has reached an agreement in which it will acquire Level 3 Communications, Inc. (NYSE: LVLT) in a cash and stock transaction that values the company at $34 billion or $66.50 per share. The Wall Street Journal reported late last week the two...
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Filing Details Microsoft And Salesforce's Bidding War For LinkedIn
Tuesday, July 5, 2016 - 9:41am | 314Microsoft Corporation (NASDAQ: MSFT) wasn't the only company looking to oversee a large scale M&A deal and acquire LinkedIn Corp (NYSE: LNKD). LinkedIn released a regulatory filing, which it submitted to the U.S. Securities and Exchange Commission (SEC), detailing the events leading up to its...
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JPMorgan's Global Chairman On Tech M&A: 'Scale Does Matter And Competition Is Fierce'
Tuesday, May 24, 2016 - 2:10pm | 339Merger and acquisition activity is set to see a large boost in the coming months, at least according to JPMorgan Global Chairman Jennifer Nason. Speaking to CNBC, Nason noted that the market hasn't seen much M&A activity among "big" technology companies due to a fear of integration risk and...
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Citigroup's Co-Head Of Global M&A Discusses His Outlook
Friday, May 20, 2016 - 1:52pm | 293Peter Tague is Citigroup's co-head of global M&A and was a guest on "Bloomberg Surveillance" to discuss his outlook and thoughts on mergers and acquisitions. Tague stated that there have only been two industries thus far in 2016 that have seen an increase in merger and acquisition activity...
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Evercore's Roger Altman Discusses M&A Activity
Friday, April 29, 2016 - 10:49am | 222Roger Altman is the founder of Evercore, a Wall Street investment banking firm. He was a recent guest on CNBC and offered his expert views on the state of M&A activity in the market. Altman began the conversation by pointing out that there was a "huge outbreak" of "severe...
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Perrigo Spikes After Rumors It's Withdrawing From Leerink Conference
Friday, January 22, 2016 - 1:29pm | 156Shares of Perrigo Company plc Ordinary Shares (NYSE: PRGO) spiked higher on Friday after rumors circulated that the company is withdrawing its attendance at a Leerink conference. There are several reasons why a company would withdraw its attendance at an analyst hosted or industry-wide...
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Merger Landscape Still Inviting To Inversions
Wednesday, December 2, 2015 - 9:18pm | 1002A deal that’s on track to be the year’s biggest corporate tie-up has made a splash beyond its $140 billion price tag. Earlier this month, Pfizer Inc. (NYSE: PFE) and Allergan PLC (NYSE: AGN) announced they’re looking to merge in a deal that actually calls for the smaller...
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Alibaba's Youku Tudou Purchase Just The Latest In High Premium M&A Deals
Friday, November 6, 2015 - 12:20pm | 441Alibaba Group Holding Ltd (NYSE: BABA) has agreed to acquire Youku Tudou Inc (ADR) (NYSE: YOKU) in an all-cash deal. Alibaba will pay Youku shareholders $27.60 per ADS, representing a 49.9 percent premium to the volume-weighted average closing price of Youku’s issue during the three...