Hints and tips:
...The US government has codified its scepticism in revised “merger guidelines”....
...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....
...Fifty-seven were false positives, almost a third of which prompted an invasive procedure to rule out a cancer diagnosis....
...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....
...Illumina’s argument is that by buying and integrating Grail it can accelerate its growth, innovation and market acceptance in cancer diagnosis, an area that is critical....
Silicon Valley group looks to tap into huge mobile payments market with purchase of Lagos-based company
...“At the same time, significant growth in therapeutic innovations is driving demand for personalised diagnosis and therapy planning, implementation and monitoring,” Siemens said....
...“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....
...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....
...The Bear Case is that the combination of SHL and Varian creates a powerhouse in big data and artificial intelligence, resulting in superior software packages for the diagnosis and planning of cancer patients...
Streaming group’s ‘happy ending’ could yet prove just another plot twist
...Almost £4bn of UK investors’ money languishes in so-called “orphan funds” — sub-scale funds with persistently low inflows and often high charges....
...“We would expect investors who were buying sub-$8 will see this offer as compelling; for investors buying during 2018 where the average share price was $14.20, the offer is more a peace offering to minimise...
...You don’t want to be the last remaining player with sub-scale brand, data and technology.”...
...Samuel Johar, chairman of board advisory firm Buchanan Harvey, argued it was likely to be a takeover target “because it is sub-scale with not a very strong pipeline”....
...Even when the diagnosis is right, successful treatments need careful timing. Lex recommends the FT’s Due Diligence newsletter, a curated briefing on the world of mergers and acquisitions....
...the merger....
...Thousands of former mineworkers with lung diseases in South Africa and neighbouring countries, such as Lesotho, have struggled to pay healthcare bills following their diagnosis....
...While the communications raised more questions than answers, Mr Musk was quickly able to count on some Tesla shareholders to agree with his diagnosis of the problem with public markets....
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