Hints and tips:
...the San Francisco-based biotechnology company more than a decade ago, Genentech’s use of big data to discover and develop drugs is increasingly in vogue, and could benefit from a shift towards so-called precision...
...“They paid up for that deal and I would not characterise the integration of Precision Castparts as a stunning success,” Cathy Seifert, an analyst who covers the company at CFRA Research, told DD’s Eric Platt...
...DD’s Don Weinland and the FT’s Henny Sender report the details here. Dark side of day trading DD has, like many others, talked in jest about the so-called army of day traders....
...(Though, while KKR has BT on its radar, there are no concrete plans — get the full picture with this story from DD’s Kaye Wiggins and James Fontanella-Khan and the FT’s Nic Fildes.)...
...The last “elephant-sized acquisition” Berkshire clinched was the $32bn takeover of industrial goods group Precision Castparts, which it agreed in 2015....
...Gou, who is the country’s richest man and founder of Hon Hai Precision Industry, said he would make a decision over the next few days. More here + Lex....
...He’s done several in his lifetime, including the $37bn purchase of Precision Castparts in 2016 and the 2010 deal for railroad BNSF that valued the company at $44bn....
...To remind DD readers, the last big deal the company agreed was its $37bn acquisition of Precision Castparts in 2016. In the year that followed, it lost out on a number of marquee deals....
...“We see the shift from labour to technology arbitrage, which [is] driving unprecedented change,” said DD Mishra, research director at Gartner....
...Buffett has been on an M&A roll of late, as our story explains: Last year Berkshire acquired Precision Castparts, a US engineering group, for $32bn in the largest acquisition his Nebraska-based holding...
...Suisse’s most active dealmakers in the tech sector, advising Dell, Alibaba and NXP, while Lipsky has been more focused on global industrial transactions, advising companies such as General Electric, ABB and Precision...
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