Hints and tips:
...FY, Darden Restaurants Q3, Direct Line FY, Enel FY, FedEx Q3, London Gatwick Airport FY, Lululemon Athletica Q4, M&G FY, Next FY, Nike Q3 Friday Competition and Markets Authority deadline for decision...
...In June, Vodafone announced a proposed merger with CK Hutchison’s Three, which is expected to create Britain’s largest mobile operator. In October, it announced the sale of its Spanish business....
...Vodafone’s merger with CK Hutchison Ring ring....
...The proposed merger of the UK businesses of Vodafone and CK Hutchison Holdings — a Hong Kong-based group — will also attract scrutiny under the act....
...In June, Vodafone announced a plan to merge its UK operations with Three-owner CK Hutchison to create the UK’s largest operator after talks had been ongoing for more than a year....
...At Goldman Sachs, Brian Haufrect, co-head of M&A in the Americas, is a seasoned adviser to energy groups including Occidental Petroleum, ConocoPhillips and Shell....
...Barclays has named Dan Grabos as co-head of Americas M&A, alongside Larry Hamdan, in New York. He will keep his current role as co-head of industrials M&A....
...More than a year on Brekke said: “I’m sad knowing that we had to leave Myanmar. Myanmar was both profitable and a place where we saw we would make a difference....
...“The decision next week is very important in our view here,” said an executive from Hong Kong conglomerate CK Hutchison....
...Cellnex’s net debt rose to €17.1bn from €14.3bn in June due in large part to the acquisition of CK Hutchison’s European towers, which closed in the UK this month....
...One scoop to start: Vodafone and CK Hutchison are close to agreeing a £15bn combination of their UK telecoms businesses that would create the country’s biggest mobile operator, with 28mn customers, three...
...Dunne and Wachtell Lipton’s Ed Herlihy acted as architects on behalf of the PGA behind the scenes, both big hitters in the worlds of golf and M&A....
...“I’m not sure the CMA is really more unpredictable than others, but [due to the appeals system] it has bigger teeth,” he says....
...Kirkland & Ellis has poached M&A lawyer Toby Parkinson, Clifford Chance’s co-head of infrastructure, as a partner in its London office....
...A proposed deal with CK Hutchison to combine Vodafone’s British business with Three UK has yet to materialise despite months-long talks....
...Aside from being the largest cross-border merger, the transaction is also the second-largest M&A deal ever in Indonesia, south-east Asia’s biggest economy, according to figures from Dealogic....
...Last week, the Financial Times reported that Vodafone had initiated talks with CK Hutchison to combine its UK operations with Three UK....
...These may be the new “Muskian” rules of the road for M&A....
...“Often there isn’t a blueprint for what I’m working on and the answer isn’t always the easiest route,” says Bowhouse manager Rosie Jack of her role at the hub....
...The M&A frenzy is evident in its financial results....
...Hopes were raised last year when an EU court rejected the European Commission’s veto of Hutchison’s 2016 bid for UK mobile operator O2. The deal has not been resurrected....
...He added that Cellnex would have been “disappointed” to have missed out on buying its Spanish rival but that the terms would suggest it did not meet its “golden M&A rules”....
...“The pandemic has shone a light on the fragile safety net and fluctuating finances of the self-employed,” said Alasdair Hutchison, policy development manager at IPSE....
...But what next for Cellnex, the M&A machine as one banker called it, as the low hanging tower fruit starts to disappear?...
...I’m also competing with WhatsApp, I’m also competing with Facebook, I’m also competing with FaceTime,” he said. “Times have changed....
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