The Finnish phoenix arises from its ashes: Nokia to merge with Alcatel-Lucent

NOKIA Corporation; Market Cap (as of 17/04/2015): €26.3bn Alcatel-Lucent; Market Cap (as of 17/04/2015): €10.5bn  Introduction On April 15, the Finnish multinational company Nokia agreed to buy the French company Alcatel-Lucent in an all-shares transaction valued at €15.6bn. The deal aims at creating a future innovation leader in the technology Read more…

Virtu Financial IPO: paving the way for high-frequency trading?

Virtu Financial Inc.; market cap (as of 17/04/2015): $3.2bn Introduction On April 16, Virtu Financial, one of the world’s largest high-frequency trading companies, commenced trading on the Nasdaq under the ticker symbol “VIRT”. The initial public offering, first ever in the HFT sector, proved successful as the company raised close Read more…

M&A drama: Endo takes on a spoiler role in the Valeant bid for Salix

Endo International Plc; Market Cap (as of 13/03/2015): $15.4bn Salix Pharmaceuticals Ltd; Market Cap (as of 13/03/2015): $10.8bn Valeant Pharmaceuticals Intl, Inc.; Market Cap (as of 13/03/2015): $63.9bn The pharmaceutical sector has turned into a war-zone again with of the bidding war between two aggressive dealmakers and two ex-colleagues: Mr. Read more…

Citigroups’s path towards a leaner business model

Citigroup Inc.; Market Cap (as of 06/03/2015): $160.98bn Springleaf Holdings Inc.; Market Cap (as of 06/03/2015): $5.58bn Introduction On March 3, 2015, Springleaf Holdings, Inc. (NYSE:LEAF), a leading personal finance company focused on consumer lending, credit insurance and other credit relating products, entered into a definitive agreement with Citigroup Inc. Read more…

Citigroups’s path towards a leaner business model

Citigroup Inc.; Market Cap (as of 06/03/2015): $160.98bn Springleaf Holdings Inc.; Market Cap (as of 06/03/2015): $5.58bn Introduction On March 3, 2014, Springleaf Holdings, Inc. (NYSE:LEAF), a leading personal finance company focused on consumer lending, credit insurance and other credit relating products, entered into a definitive agreement with Citigroup Inc. Read more…

Consolidation tales in the semiconductor industry: NXP buys Freescale

NXP Semiconductor NV; Market Cap (as of 06/03/15): $22.7bn Freescale Semiconductor Ltd; Market Cap (as of 06/03/15): $12.3bn Introduction On March 2, NXP Semi announced it will acquire Freescale Semi in a $11.8bn transaction. Amalgamating the Eindhoven-based chip manufacturer with its American rival will create the leader in both Auto Read more…

Iberdrola responds to Spanish austerity measures: UIL acquired in a $3bn deal

UIL Holdings Corp.; market cap (as of 27/02/15): US$2.86bn Iberdrola SA; market cap (as of 27/02/15): US$43.5bn   Introduction  On February 26, Iberdrola SA, Spain’s largest electricity company, agreed to buy UIL Holdings Corp. in a deal valued at about US$3bn in cash and shares. With the acquisition, Iberdrola plans Read more…

Valeant, the serial pharma dealmaker cuts again

Valeant Pharmaceuticals International, Inc.; market cap (as of 26/02/2015): US$76.68bn Salix Pharmaceuticals, Ltd.; market cap (as of 26/02/2015): US$10.07bn     Introduction The pharmaceutical industry has undergone an intense period of consolidation in the past 18 months which is far from over as the big players take advantage of the Read more…