Hints and tips:
...Liontrust’s fortunes illustrate how M&A is not a panacea for the challenges facing the fund management industry....
...A former investment banker himself, Cohan’s answer naturally involves M&A that would shake up not just banking but the whole fund industry....
...The deal was a huge feat for Hollub, beating Chevron to the punch by joining forces with Warren Buffett’s Berkshire Hathaway....
...Last year the company pulled out of a bidding war with Occidental Petroleum to buy Anadarko, another company that had international natural gas assets and a presence in the US shale sector....
...If this has been forwarded to you, please sign up for the newsletter here. — Myles The Chevon-Noble deal: four takeaways Chevron has made the first big M&A move of the crash, offering yesterday to buy...
...M&A advisory fees at Goldman fell 7 per cent from a year earlier to $3.2bn, which included its $53m payday advising Anadarko Petroleum on its $54bn sale to the oil and gas producer Occidental....
...But, on a year-on-year basis, their forecast for US growth shows -11% in Q2, -8% in Q3, and -5% in Q4, which clearly qualifies as U-shaped....
...Clearly Covid-19 is an important driver of these numbers, but the company also has the benefit of new business wins (eg, cooked meats for Tesco and M&S), stronger poultry sales, with Eye fully on-stream,...
...The bankers advising Occidental and Chevron in the fight for Anadarko On Thursday we told you about Occidental Petroleum’s hostile bid to wrench Anadarko Petroleum from Chevron’s hands....
...AstraZeneca Plc has made a preliminary approach to rival drugmaker Gilead Sciences Inc. about a potential merger, according to people familiar with the matter, in what would be the biggest health-care deal...
...If you’ve been reading DD carefully, it won’t be a surprise that Chevron decided not to raise its bid for Anadarko Petroleum....
...We favour markets and sectors where share counts are shrinking via M&A and/or buybacks....
...Jhingan was previously group director of M&A and international development for Sky....
...To recoup his investment, Fridman says he wants to perform a “U-turn” in Dia’s fortunes, much like L1’s Stephan DuCharme did while running Alfa’s Russian supermarket X5....
...“It’s a throwback to a lot of the petroleum engineers being the good ol’ boys in Oklahoma and Louisiana,” she says....
...Before this, Stausholm was finance boss of ISS, a facility services provider. He has held a number of jobs in the oil sector at Statoil, Woodside Petroleum and Royal Dutch Shell....
...Anadarko Petroleum was the biggest gainer on the S&P 500 after the energy group announced a $2.5bn share buyback programme through the end of 2018....
...He formed a close relationship with Jobs, his successor Tim Cook, and Eddy Cue, who runs Apple’s software and services business, and first discussed launching a music-streaming service with them in 2006....
...“The idea is a good one, but the issue I’m concerned about is the packaging of Vix derivatives into retail products. It’s a market integrity issue,” Prof Whaley says....
...In a sign of the region’s attractions, EOG Resources, one of the most successful of the independent US shale producers, last week announced a $2.5bn deal to buy privately-held Yates Petroleum....
...Construction and services group Carillion has reported a “significant increase” in revenue in the first half, although no specific numbers are detailed....
...The industry shake-up resembles the M&A fever of the late 1990s, another period of low oil prices. BG confirmed the talks in a statement, after an earlier report by The Wall Street Journal....
...(Bloomberg) GM “must turn over documents related to its subprime auto-lending under a subpoena issued by the U.S....
...has featured in a Donald Duck comic book, 1952’s The Gilded Man, and a John D....
...However, the tie-up excludes Vodafone’s M-Pesa (Swahili for mobile money) service....
International Edition