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....
...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....
Silicon Valley group looks to tap into huge mobile payments market with purchase of Lagos-based company
...“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....
...Is the owner of about 200 titles, including The Denver Post, The San Jose Mercury News and The Boston Herald, acting in a more egregious manner than other publishers?...
...Almost £4bn of UK investors’ money languishes in so-called “orphan funds” — sub-scale funds with persistently low inflows and often high charges....
Streaming group’s ‘happy ending’ could yet prove just another plot twist
...“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”....
...the merger....
...The company said the appropriate calculation, as in the the profit bridge above, is: £78m Business improvements (£44m) Inflation (£26m) Synergies £6m Increase in central costs £14m Sub total...
...Gladden most recently worked as the CFO at Mondelēz International and formerly in the same role at Dell Inc....
...CSAM has also hired Imran Hameed as a director for the new group from Mercury Capital Advisors, a New York private equity firm....
...Lex recommends the FT’s Due Diligence newsletter, a curated briefing on the world of mergers and acquisitions. Sign up at ft.com/newsletters...
...PayPal has been looking to develop its own in-store payments service, called PayPal Here, but this remains sub-scale and is only available in the US and UK....
...Lex recommends the FT’s Due Diligence newsletter, a curated briefing on the world of mergers and acquisitions. Sign up at ft.com/newsletters....
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