Hints and tips:
...The US government has codified its scepticism in revised “merger guidelines”....
...It stood at $55bn when the merger closed in 2022....
...Bloomberg) Fund managers urge European regulators to mirror US move to T+1 (FT) Thomas Cook owner Fosun to sell brand to Poland’s eSky (SKY News) UK government vows to protect litigation funding that helped sub-postmasters...
...And in 2021, Restaurant Brands paid $1bn in cash for Firehouse Subs....
...One paper in this area caught my eye recently, “Standardizing and Unbundling the Sub Rosa DIP Loan”, co-authored by researchers Kenneth Ayotte and Alex Huang of UC Berkeley School of Law....
...He invited Oprah Winfrey to interview him and declared the merger to be “our rendezvous with destiny”....
...The TSE’s ambitions are not just meant for the worst-run Japanese companies, those with a sub-1 price/book ratio....
...family, to divest veterinary clinics so that it could close two of its previously proposed mergers....
...The sub 20 per cent operating margin over the past year compares poorly with Activision’s 35 per cent. EA has not experienced the same stumbles as Activision....
...That’s understandable when you have stories like AMC Entertainment and how Silver Lake was able to take full advantage of the Reddit rally....
...The historically tech-focused group led by Egon Durban recently cut a fresh deal with AMC to keep it afloat....
...In recent fights involving companies such as Serta Simmons, AMC Entertainment and Travelport, investment firms like Apollo Global Management, Paul Singer’s Elliott Management, pictured above left, and Blackstone...
Silicon Valley group looks to tap into huge mobile payments market with purchase of Lagos-based company
...And Durban has big issues to deal with at entertainment groups such as Endeavor and AMC, whose debt has been downgraded further into the junk category during the pandemic....
...One thing to start: CaixaBank and Bankia have solidified the terms of a merger to create Spain’s biggest lender with assets totalling €650bn....
...We concluded that a merger with RB was the most compelling outcome in early 2021....
...“We are also very reluctant to sell sub-par businesses as long as we expect them to generate at least some cash and as long as we feel good about their managers and labour relations,” the manual said....
...Here’s Goodbody: Cranswick provided a Q1 trading update this morning reporting a strong start to the year with c.19% LFL sales growth (25% inc. acquisitions)....
...That made it the second-largest cinema group in the world, behind AMC theatres, which is owned by China’s Dalian Wanda and includes the UK chain Odeon....
...Lex recommends the FT’s Due Diligence newsletter, a curated briefing on the world of mergers and acquisitions. Click here to sign up...
...Between them, the five companies have spent $17bn on sub-$1bn deals in the past five years alone. It is fair to ask whether any involved quashing competition — although proving this will be difficult....
...Those listing with sub-50 per cent gross margins, like Lyft, Uber and Slack, trade below listing prices....
...With an average sector ASP of £288k (ex-Berkeley) all housebuilders in our coverage could benefit....
...We expect ASP to remain broadly flat in 2020-22E with broadly flat house prices (slightly negative including mix effects)....
Streaming group’s ‘happy ending’ could yet prove just another plot twist
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