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...But discrepancies in pay and culture can make integrating such acquisitions complicated....
...But BlackRock said last month that he would seek re-election for one more year to oversee the integration of BlackRock’s $12.5bn acquisition of Global Infrastructure Partners....
...Johnson & Johnson has struck a deal to buy medical device maker Shockwave Medical for $13.1bn, as the healthcare giant puts cash to work from the spin-off of its consumer health arm to pursue acquisitions...
...But for publicly traded capital managers considering such acquisitions, the tensions between fund investors, public shareholders and employees create a high-wire act....
...“Our acquisition philosophy has always been about growth,” Fink told analysts. With GIP, “I truly believe that this will be the case again,” he said....
...The acquisition comes as BlackRock reported adjusted net income of $1.45bn, comfortably above the $1.33bn expected by analysts polled by Bloomberg....
...The shake-up, announced this month alongside BlackRock’s $12.5bn acquisition of Global Infrastructure Partners, will combine the various businesses that develop and manage the products it sells under a single...
...This time, the painting has been cleared for export, confirms Pierre Etienne, international director of Old Masters at Christie’s....
...Li made his name with ambitious dealmaking, including the £1.4bn acquisition of the London Metal Exchange in 2012....
...Earlier this month, Fink revealed that he had finally found it with the acquisition of a private capital firm, Global Infrastructure Partners....
...The flagship Directional Opportunities hedge fund that he runs, which has roughly $1.5bn in assets, will spin out into a new firm that he will personally manage....
...If its acquisition of Teck’s coal unit is successful, Glencore plans to spin out the merged coal businesses as a separate business....
...In 2022, to help fund his Twitter acquisition, Musk sold more than $20bn worth of his Tesla stock, and pledged even more for a $12.5bn margin loan though the latter was never executed....
...While on the surface the Altium deal makes sense for Renesas, our colleagues at Lex warn its growing list of big ticket acquisitions should raise eyebrows....
...The interest of Arkhouse, a private investor best known for real estate, brings to mind Starboard’s 2015 suggestion that Macy’s spin out its real estate holdings or even do a sale-leaseback transaction for...
...Danny Cohen, the former director of the BBC’s TV output, said the group would also consider larger acquisitions in Hollywood, pointing to the 2011 takeover of Warner Music for $3.3bn as a template for his...
...Bird also listed European rival Tier, from whom it acquired its US subsidiary Spin in September in a $19mn deal, as holding a more than 10 per cent equity stake....
...The stars finally aligned for Fink when BlackRock approached GIP this autumn about a combination, DD’s Antoine Gara and the FT’s Brooke Masters report....
...Writing in a letter to shareholders on Monday in which he said he supported Illumina’s decision to sell or spin off Grail — the saga had resulted in “$55 billion in market value destruction, and years of...
...which had been delayed for two weeks after Brookfield revised its offer the night before the vote, took questions from retail investors, many of whom have been shareholders since Origin was created as a spin-off...
...The current exhibition is Spin a Yarn, a show of textiles (to March 12). Other works have already been gifted to museums such as MoMA, the Met, Tate and the Hirshhorn....
...The town already hosts the Omega European Masters golf tournament every year....
...months ago, Elliott Management said a break-up of the old-school US data storage group Western Digital could unleash a fortune, much in the way the activist hedge fund had successfully pressed Dell to spin...
...The Trump family’s luxury Scottish golf resort made its first profit since the acquisition almost a decade ago....
...But at a news conference, Sony’s newly appointed president Hiroki Totoki said a partial spin-off of its financial arm was necessary to strengthen its investment capacity....
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