A combination of a drugstore company and an insurer is considered less problematic
than a merger of two players in the same business, which could reduce competition and hurt consumers.
Not exact matches
Health insurance giant Aetna pulled in more
than $ 63 billion in 2016 revenues and $ 2.9 billion in earnings despite a year that would lead to the demise
of its planned $ 34 billion
merger with rival Humana.
Analysts have long speculated that Express Scripts could be involved in some sort
of merger deal, but more likely as an acquisition target rather
than as an acquirer.
More
than two centuries later, its fate is still tied to Canada, the United Kingdom and, with the
merger with Coors, the United States — three countries where it is struggling to keep a share
of an ever - shrinking beer - drinking market.
• The U.S. Federal Trade Commission will seek to stop the
merger of DraftKings and FanDuel, because the combined company would control more
than 90 %
of the U.S. market for paid daily fantasy sports contests.
Merger and acquisition activity in the oil and gas sector dropped to less
than $ 1 billion in the first quarter
of this year — the lowest since 1994, according to figures recently published in The Globe and Mail.
«In the last two years, we've seen one by one, several strategic moves by the large global brewers to do
mergers and acquisitions
of smaller craft breweries in a more fast - paced manner
than in the past,» says Julia Herz, craft beer program director for The Brewers Association.
Chipmakers are already among the market's best performers this year, but Ankur Crawford
of the Alger Spectra Fund thinks Broadcom (avgo), at less
than 16 times 2017 earnings, looks undervalued following its
merger with Avago.
So far, 2016 has seen mainland firms launch a record $ 181 billion
of overseas
mergers and acquisitions — about 70 % more
than the whole
of last year.
Based on my own observations from more
than two decades in the field
of business brokerage and
mergers and acquisitions, many small businesses that survived the economic downtown are now seeing renewed strength in their top - line revenues, and solid or growing bottom - lines.
Sawiris's operations were saddled with more
than US$ 15 billion
of debt, and the
merger, which creates the world's fifth - largest carrier, relieves some
of the strain.
Social media is fuelling a fundamental shift in labour relations and corporate communications, and is showing it can do more
than just complicate negotiations — it can affect control
of major business announcements like divestments, layoffs,
mergers and acquisitions.
It is also less -
than - shocking that Kraft Heinz, the food giant caused by the
merger of Kraft and Heinz earlier this year, is closing yet another plant.
The two companies» combined enterprise value, a more comprehensive measure
of total value
than market capitalization, would value the
merger at more
than $ 20 billion, the Journal reported.
The Department
of Justice unveiled a lawsuit to block the $ 85 billion mega
merger more
than one year after it was announced.
CBS Corp's board is set to discuss a
merger with Viacom Inc on Thursday, sources have told Reuters, possibly starting the process
of reuniting the two media companies split by mogul Sumner Redstone more
than a decade ago.
«The nature
of competition among three almost equal providers, which would be after the
merger, is quite different
than what we have right now,» he said.
Add a potential multi-billion dollar entertainment industry
merger to the long list
of economic casualties from the Brexit less
than a week after the U.K.'s historic vote to leave the European Union.
Last year, business
mergers in the U.S. reportedly totaled more
than $ 1 trillion, and accounted for roughly 43 percent
of all
mergers worldwide.
SolarCity shares were up more
than 1 percent, and shares
of Tesla Motors were up slightly after shareholders for the two companies voted Thursday to approve a
merger.
The trickier question is whether the deal is ultimately accretive to the combined operation's earnings — that the
merger represents a more efficient deployment
of capital
than keeping the firms separate.
The U.S. Federal Communications Commission had barred
merger talks among telecommunications companies for more
than a year as it conducted a $ 19.8 billion auction
of airwaves from broadcasters for wireless use.
The CEO
of Publicis Groupe revealed that the approval process for its proposed
merger with Omnicom is progressing faster
than expected.
Consider hiring an intermediary, which depending on the size
of the deal could be a broker (usually $ 10 million or less),
mergers and acquisitions professional (more
than $ 15 million), or an investment banker (a large or public company).
One
of the first references that popped up after the deal was announced — other
than the obvious comparison to the disastrous Time Warner - AOL
merger — was to Verizon's recent attempt to create its own tech - news site, a short - lived effort known as SugarString.
Whether they're backing up one another in tough negotiations or sitting down to evaluate risky
mergers, all teams (communities) must be much more
than the sum
of their parts.
Overall our default perspective probably ought to be against
mergers - we should require abundant and specific evidence
of large potential gains to convince us that a particular
merger is in the best interest
of anyone other
than management and the investment bankers constructing the deal.
(The investigation comes less
than two years after the government approved the
merger of US Airways and American Airlines to create the world's largest airline.)
Since it launched the original offer, Gannett's stock price (GCI) has lost more
than 50 %
of its value, as investors voted with their feet on the chain's proposed
merger.
NVCA president Mark Heesen is also concerned that the total value
of merger and acquisition deals, another key outlet for VC - backed companies, was 40 percent less in the second quarter
than in the same period in 2007.
Legere's comments come as speculation heats up that the wireless industry may see a flurry
of mergers and acquisitions under a Trump administration expected to demonstrate a much lighter regulatory touch
than the previous one.
For example, the expected timing and likelihood
of completion
of the proposed
merger, including the timing, receipt and terms and conditions
of any required governmental and regulatory approvals
of the proposed
merger that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence
of any event, change or other circumstances that could give rise to the termination
of the
merger agreement, the possibility that Kraft shareholders may not approve the
merger agreement, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption
of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price
of Kraft's common stock, and the risk that the proposed transaction and its announcement could have an adverse effect on the ability
of Kraft and Heinz to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on their operating results and businesses generally, problems may arise in successfully integrating the businesses
of the companies, which may result in the combined company not operating as effectively and efficiently as expected, the combined company may be unable to achieve cost - cutting synergies or it may take longer
than expected to achieve those synergies, and other factors.
That being said, the lack
of progress in NXP's
merger with Qualcomm continues to weigh on this stock, and the limited amount
of new
merger information in this release probably played a larger part in today's plunging share price
than the actual report.
This means that executives have to be far more selective when identifying potential
merger and acquisition candidates
than they otherwise would have had to be in a world
of easy money.
Each
of City Capital's Managing Directors has more
than 20 years
of investment banking experience, offering clients the judgment and transaction management expertise honed from successfully executing more
than $ 60 billion
of collective
merger and capital market transactions.
The Justice Department review comes at an awkward time for AB InBev as it is seeking to buy No. 2 SABMiller Plc SAB.L for more
than $ 100 billion in what would be the biggest - ever
merger of brewers.
Such risks and uncertainties include, but are not limited to: our ability to achieve our financial, strategic and operational plans or initiatives; our ability to predict and manage medical costs and price effectively and develop and maintain good relationships with physicians, hospitals and other health care providers; the impact
of modifications to our operations and processes; our ability to identify potential strategic acquisitions or transactions and realize the expected benefits
of such transactions, including with respect to the
Merger; the substantial level
of government regulation over our business and the potential effects
of new laws or regulations or changes in existing laws or regulations; the outcome
of litigation, regulatory audits, investigations, actions and / or guaranty fund assessments; uncertainties surrounding participation in government - sponsored programs such as Medicare; the effectiveness and security
of our information technology and other business systems; unfavorable industry, economic or political conditions, including foreign currency movements; acts
of war, terrorism, natural disasters or pandemics; our ability to obtain shareholder or regulatory approvals required for the
Merger or the requirement to accept conditions that could reduce the anticipated benefits
of the
Merger as a condition to obtaining regulatory approvals; a longer time
than anticipated to consummate the proposed
Merger; problems regarding the successful integration
of the businesses
of Express Scripts and Cigna; unexpected costs regarding the proposed
Merger; diversion
of management's attention from ongoing business operations and opportunities during the pendency
of the
Merger; potential litigation associated with the proposed
Merger; the ability to retain key personnel; the availability
of financing, including relating to the proposed
Merger; effects on the businesses as a result
of uncertainty surrounding the proposed
Merger; as well as more specific risks and uncertainties discussed in our most recent report on Form 10 - K and subsequent reports on Forms 10 - Q and 8 - K available on the Investor Relations section
of www.cigna.com as well as on Express Scripts» most recent report on Form 10 - K and subsequent reports on Forms 10 - Q and 8 - K available on the Investor Relations section
of www.express-scripts.com.
Humana posts stronger -
than - expected fourth - quarter earnings Wednesday and says it will update shareholders next week on its 2017 outlook after the collapse
of its $ 37 billion
merger with Aetna.
Rather
than use his own stock, Shkreli induced two Retrophin employees (Thomas Fernandez and Kevin Mulleady) to deliver 90,000
of their Retrophin shares to him in exchange for a promise
of Fearnow Shares — i.e., unrestricted shares in Desert Gateway, the Reverse
Merger entity.5 Those 90,000 shares were multiplied to 450,000 shares after the Reverse
Merger.
Less
than a month later, another federal judge said that a $ 48 billion
merger of two other big health insurers, Anthem and Cigna, should not go forward.
(5) Except in connection with a corporate transaction involving the Company (including, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization,
merger, consolidation, split - up, spin - off, combination, or exchange
of shares), the terms
of outstanding awards may not be amended to reduce the exercise price
of outstanding Options or stock appreciation rights or cancel outstanding Options or stock appreciation rights in exchange for cash, other awards or Options or stock appreciation rights with an exercise price that is less
than the exercise price
of the original Options or stock appreciation rights without stockholder approval.
But rather
than banning these toxic chemicals, on March 21st the EU approved the $ 66 billion
merger of Bayer and Monsanto, the US agribusiness giant producing Roundup and the genetically modified (GMO) seeds that have reduced seed diversity globally.
Munster believes the buy would make it past regulator muster, as Walmart alone would still carry a larger share
of the retail market
than the potential Amazon and Target
merger.
«Adjusted earnings for these periods exclude the mark - to - market effects
of non-qualifying hedges, the net effect
of other
than temporary impairments (OTTI) on certain investments, operating results from the Spain solar project and
merger - related expenses.
To date, the firm has advised on more
than $ 2 trillion
of merger, acquisition, recapitalization, and restructuring transactions.
Polycom's stock could reach more
than $ 20 per share by the end
of 2017, 50 % higher
than Polycom's current price, under a
merger scenario.
Bloomberg Gadfly columnist Tara Lachapelle explains why T - Mobile and Sprint stand a better shot
of winning regulatory for their
merger now
than in th...
Maria has more
than 20 years» experience in the proxy solicitation industry and specialises in the strategic advice and execution
of mergers and acquisitions, annual meetings, proxy fights and other extraordinary transactions.
Although subsequent administrations have continued reviewing vertical
mergers, the Chicago School's view that these deals generally do not pose threats to competition has remained dominant.139 Rejection
of vertical tie - ups — standard through the 1960s and 1970s — is extremely rare today; 140 in instances where agencies spot potential harm, they tend to impose conduct remedies or require divestitures rather
than block the deal outright.141 The Obama Administration took this approach with two
of the largest vertical deals
of the last decade: Comcast / NBC and Ticketmaster / LiveNation.
Under the 2017 Plan, a change in control is defined to include (1) the acquisition by any person or company
of more
than 50 %
of the combined voting power
of our then outstanding stock, (2) a
merger, consolidation, or similar transaction in which our stockholders immediately before the transaction do not own, directly or indirectly, more
than 50 %
of the combined voting power
of the surviving entity (or the parent
of the surviving entity), (3) a sale, lease, exclusive license, or other disposition
of all or substantially all
of our assets other
than to an entity more
than 50 %
of the combined voting power
of which is owned by our stockholders, and (4) an unapproved change in the majority
of the board
of directors.