Hints and tips:
...The investor alleged Illumina would now be forced to pay $800mn in annual operating costs but has no operational control of Grail and cannot realise any synergies from the acquisition....
...Aiyengar said that “there needs to be a level of comfort with each other’s credit books, related marks and the ability to accurately quantify and articulate synergies and dis-synergies”....
...“Mega deals, which often rely on cost-saving synergies, include job losses....
...Ltd., Physicians Practice Management, and MDTablet, LLC....
...Bankers estimate BPI could benefit from cost synergies of 30 per cent by buying Novo Banco, with restructuring costs totalling about 1.5 times annual synergy savings....
...It said the takeover would deliver after-tax operational synergies of more than $150m a year....
...Valeant, whose market cap is $26bn, paid 12 times Bausch’s 2013 estimated cash flow of $720m but it stated that there will be a massive $800m in yearly synergies by 2015....
...S&N says the deal will exceed its cost of capital in the third full year after acquisition, and there are modest cost synergies – $20m annually by 2015. That amounts to $140m, taxed and capitalised....
...Assuming it gets those, though, funding synergies would mean it could afford to pay significantly more than Sir Richard....
...“The proposed revenue synergies are highly speculative and run counter to established industry dynamics,” Jana said....
...Investors are rushing to put money into merger arbitrage funds ahead of an expected recovery in dealmaking in spite of growing fears for the health of western economies....
...Danone , the French food group, beat expectations with a 10.1 per cent rise in full-year operating profit thanks to growth in its health range of dairy products and beverages....
...This was demonstrated by VNU’s attempted $7bn takeover of IMS Health....
...Knight Vinke Asset Management, one of the investors leading the revolt against VNU’s €6.2bn ($7.4bn) bid for IMS Health, on Wednesday claimed support from at least 42 per cent of the shareholder base and...
...He said the deal would create a “global leader in market intelligence” with revenues of €4.7bn ($5.6bn), and would yield annual synergies of at least €110m by 2008....
...The health of the auction not only depends on Time Warner and Comcast, however....
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