Valeant Pharmaceuticals International; Market Cap. (as of 3/10/2014): $42.9bn Allergan Inc.; Market Cap. (as of 3/10/2014): $53.64bn As low debt obligations alongside large cash holdings and patent expiration liabilities continue to foster a conducive environment for M&A activity in the pharmaceutical and biotech industry another multi-billion dollar struggle has emerged: Read more…
Anheuser-Busch InBev NV, Market Cap (as of 19/09/2014): Market Cap €143bn SABMiller PLC, Market Cap (as of 19/09/2014): Market Cap €73bn Heineken NV, Market Cap (as of 19/09/2014): Market €34bn Beer brewing was historically a local business, with only few brands having a global presence in the estimated $600bn market. Read more…
AbbVie Inc., Market Cap (as of 19/09/2014): $94.63bn Shire plc., Market Cap (as of 19/09/2014): £31.12bn In its attempt to become one of the global leaders in the rare diseases market, AbbVie successfully got the approval from Shire’s board of directors for its $54bn acquisition. This approval came after two Read more…
Burger King Worldwide Inc., Market Cap (as of 19/09/2014): $10.96bn Tim Hortons Inc., Market Cap (as of 19/09/2014): $11.75bn Burger King, the US-based fast food restaurant chain, joined the list of the controversial tax-avoiding companies when on August 26 it formally reached an agreement for acquiring the Canadian coffee maker Read more…
Pfizer Inc, Market Cap (as of 23/05/2014): $188.37bn AstraZeneca PLC, Market Cap (as of 23/05/2014): $91.78bn In its bid for AstraZeneca, Pfizer, the famous Viagra producer, failed to make a satisfactory offer and turned the potential biggest foreign takeover in UK corporate history into failure. It all happened on May Read more…
Omnicom Group Inc. Market Cap (as of 16/05/14) $17.35bn Publicis Groupe SA Market Cap (as of 16/05/14): $17.28bn On 9 May, 2014 the $35bn merger of equals between the New York-based Omnicom Group Inc. and the Paris-based Publicis Groupe, the world’s second and third biggest advertising companies respectively, was called Read more…
Bayer AG Market Cap (09/05/2014): $115.17bn Merck & Co., Inc. Market Cap (09/05/2014): $161.23bn On May 6th, Bayer announced the acquisition of Merck’s consumer care business for a hefty $14.2bn, surpassing competing offers from Boehringer-Ingelheim and Reckitt Benckiser and, thus becoming the second largest company in over-the-counter (OTC) products worldwide. Read more…
Babcock International plc. Market Cap (as of 28/03/14): £4.61bn Avincis Group Market Cap (as of 28/03/14): N/A On March 27, 2014 Babcock International, leading engineering support services, announced its acquisition of 100% of Avincis Group shares, a worldwide aerial services provider, for £920mm (about €1.1bn), funded through a £1.1bn rights Read more…
Vodafone Group Plc. Market Cap (as of 21/03/14): £59.96bn Ono Market Cap (as of 21/03/14): N/A After having submitted several non-binding offers under €7bn, world’s second-largest wireless carrier Vodafone Group Plc. has confirmed the acquisition of Ono, a private-equity owned Spanish cable TV and internet provider, in a transaction worth Read more…
AMCOL International Corporation Market Cap (as of 14/03/2014): $1.49bn Minerals Technologies Inc. Market Cap (as of 14/03/2014): $1.98bn Imerys S.A. Market Cap (as of 14/03/2014): €4.76bn On March 10th, 2014 Minerals Technologies Inc., a global developer and maker of mineral-based products, announced it has signed a definitive merger agreement with Read more…
AMCOL International Corp. Market Cap (as of 28/02/2014): $1.45bn Imerys S.A. Market Cap (as of 28/02/2014): €5.14bn Minerals Technologies Inc. Market Cap (as of 28/02/2014): $1.85bn On February 26th, 2014 AMCOL International Corp., an American minerals and materials group, agreed to a revised tender offer from Imerys SA, the world Read more…
Facebook Market Cap (as of 21/02/2014): USD174.89bn Facebook, Inc. the listed US based company headquartered in Menlo Park, California, has signed a definitive agreement on Wednesday, the 19th of February to acquire the venture-backed WhatsApp Inc for USD16bn plus USD3bn in restricted stock units (RSU from now on). The deal Read more…
Since the beginning of the year, a sector rotation seems to have started: cyclical stocks, especially those that are more exposed to Europe, have taken advantage of the improvement of the general feeling, while non-cyclical securities have experienced a general downturn. Among the latter category, luxury stocks (that have outperformed Read more…
Shire PLC Market Cap (as of 15/11/13): £15.7bn ViroPharma Inc. Market Cap (as of 15/11/13): $3.3bn Monday, November 11th brought about the much rumored king-size deal of the year in the pharmaceutical sector: Shire PLC of Ireland acquired ViroPharma Inc., a US-based niche company focused on rare diseases, for a Read more…
Petroleo Brasileiro Petrobras SA, Market Cap (as of 15/11/13): US$112.19bn PetroChina Co Ltd, Market Cap (as of 15/11/13): US$226.3bn Brazil’s state-run oil company Petrobras announced on Wednesday 13th November that it was selling its Peruvian oil and gas assets to PetroChina for US$2.6 billion. The ownership structure underlying the deal Read more…