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...Aggregators polled by the ecommerce investment bank Fortia Group between June and September said the main drivers of merger talks included the potential for “cost synergies” and the groups’ “creditors.”...
...This synergy estimate is likely to be conservative....
...The company said its productivity programme would deliver savings of about €800mn over the coming three years, “more than offsetting operational dis-synergies” from the separation of ice cream....
...Synergy Group said the ship was using specialist pilots to navigate out of the port....
...In terms of revenue synergies, the enlarged group should benefit from product cross-selling (e.g. through Mondi’s plastics production and related products), product innovation (combining respective IP built...
...Rentokil: Shares in the UK group were up 14 per cent after annual profits rose by more than half and it said synergies from its purchase of rival Terminix would be greater than forecast....
...On average, a high-quality company targeted in a merger of equals lags behind its industry group by 20 per cent over the subsequent two years on a relative basis....
...It added “increased scale, more efficient cost structure and significant synergy potential” would enable it to unlock value for stakeholders....
...opportunity was in line with both the founding principles of National World — that it would be a consolidator in the sector — and its ability to leverage both its infrastructure to extract significant synergies...
...The transaction is expected to create “significant synergies across fuel retail” and other services, the companies said....
...Ice-cream — which accounted for 13 per cent of Unilever’s total sales last year — has few synergies with the rest of the group’s home, food and personal care business....
...Over the past few months ExxonMobil agreed to acquire shale group Pioneer Natural Resources for $60bn, Chevron reached a deal to buy Hess for $53bn and chip design toolmaker Synopsys announced the takeover...
...But Fastweb is largely a fixed-line operator, meaning fewer cost synergies and less relief on mobile competition. Meanwhile, waiting around is hardly likely to improve Vodafone’s position....
...The deal values City Pub Group shares at a 46 per cent premium to Wednesday’s closing price....
...Synergy Group, the Singapore-based owner of the Dali, did not immediately respond to a query about whether it planned to take advantage of the limited liability provisions....
...Schaeffler last month said a deal would lead to €600mn a year in synergies by 2029, while it warned that “there will be even more competition in Europe from Chinese carmakers”....
...And they will have an eye on synergies where they overlap with the target. Private equity firms find it harder to compete on that front. Valuations also play a part....
...Tsai said Wu had been reviewing Alibaba’s core businesses and decided “right now, focusing on generating synergies within the companies in our group will be the best way to reflect the value of the entire...
...In a reversal of earlier efforts to convince investors of Vivendi’s synergies, the group said it would take up to 18 months to study the break-up plan when it was announced at the end of last year....
...A group with existing UK restaurant operations could benefit from “very meaningful” cost synergies, said a person close to the talks....
...This enables it to gather a chunk of Permian real estate, the associated cash flows and what it estimates as $2bn of annual synergies. The bulk will come from “improved resource recovery”....
...If all of the assets of the company are sold to people who aren’t “Permitted Holders” — ie billionaire Patrick Drahi and a handful of institutional investors/holdcos — and if a “person or group” ends up...
...It is projecting $235mn of “synergies” — mostly cost savings one would hope. Taxed and capitalised, these would be worth about $1.8bn, or more than three times the premium....
...The lack of cohesiveness and synergies between the group’s various operating businesses has long been an issue for investors and a source of frustration for Vivendi....
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