Toshiba Takeover

Download PDF Introduction After years marked by scandals, accounting malpractices, poor strategic decisions, and an overall faulty corporate governance, Toshiba seems to have found a buyer. On March 23, 2023, the Board of Directors approved a $15bn offer from a consortium of 17 domestic companies and 6 financial institutions, led Read more…

To merge or not to merge? Shareholders divided over controversial Ritchie Bros. – IAA proposed merger

Download PDF Introduction Global asset manager and disposition company Ritchie Bros. Auctioneers recently announced an amended agreement to acquire salvage-yard operator IAA, valuing the company at $5.94bn. The improved cash-and-stock offer comes after an initial bid, that included 28% less cash but more equity, was met with concerns from shareholders Read more…

Cigna Corporation and Express Scripts: a $67bn deal for their survival in the US healthcare industry

CIGNA Corporation (NYSE:CI) – market cap as of 09/03/2018: $42.7bn Express Scripts Holding Co (NASDAQ:ESRX) – market cap as of 09/03/2018: $45.7bn Introduction On March 8, 2018, Cigna Corporation announced the acquisition of Express Scripts Holding for a cash and stock consideration of $67bn. The combination of Cigna – a Read more…

GGP Receives Unsolicited Proposal from Brookfield Property Partners

Brookfield Property Partners (NYSE:BPY) – market cap as of 17/11/2017: $5.59bn General Growth Properties (NYSE:GGP) – market cap as of 17/11/2017: $22.38bn Introduction On November 13, 2017, Brookfield Property Partners made a non-binding proposal to acquire all the outstanding shares of common stock of General Growth Properties. Brookfield Property Partners Read more…