Hints and tips:
...“We’re a better owner of the asset — we have lots of synergies and lots of products they don’t have” that can be sold through their network....
...A version of this article was first published by Nikkei Asia on January 29 2021. ©2021 Nikkei Inc....
...Gannett, the publisher of USA Today, was sold last year to Gatehouse, for $1.4bn, in a deal the two companies hoped would result in $300m of cost synergies.* To clinch the deal, Gatehouse-owner New Media...
...GateHouse and Gannett said on Monday the deal is expected to generate as much as $300m a year in cost synergies....
...Campari will be hard hit by COVID-19 due to high On Trade exposure, especially in core markets of Italy and the USA....
...“Pruitt looked like the swamp creature from central casting....
...“The potential for significant synergies is undisputable and consolidation could lead to a more rational market,” said Scott Goldman, an analyst with Jefferies....
...The estimated synergies related to the deal have increased by $6bn since the changes were announced in November....
...Mr Reitzle responded by saying he was willing to push the merger through with his casting vote. Battle lines were drawn....
...Synergies in local broadcast M&A are substantial. If targets charge lucrative fees for providing content to cable groups, the buyer can charge those too. Still, core ad revenue is falling....
...Sprint has also held talks with T-Mobile USA, which is controlled by Germany’s Deutsche Telekom....
...T-Mobile’s German owner, Deutsche Telekom, knows as well as any that in-market consolidation is the easiest way of creating synergies, having done just that in countries such as the UK....
...His fund contains both structural growth players and consolidators that are scooping up smaller operators and capitalising on cost synergies....
...Potential tie-ups between broadcast networks — such as Fox and CBS — would create scale, synergies and, more importantly, allow the combined companies to better exploit expensive sports rights, possibly...
...And once they have done this, and if they are able to do this successfully, it's probably the most straightforward option because the synergy potential in retail banking, which is not very profitable and...
...Mr Belloni has previously said that while the deal seeks $1bn in synergies, the savings would not come at the “cost and detriment of the German workforce and locations”....
...Like its rivals, T-Mobile is facing network upgrade costs runnings to tens of billions of dollars and the prospect of synergies — estimated at $48bn by HSBC analysts in the case of a Sprint merger — will...
...Boral noted the highly complementary US businesses would have combined revenue of $1.8bn, more than double that of Boral USA....
...The proposed transaction is expected to deliver substantial synergies of approximately $50m annually. The company first made an approach for Tribune on April 12 and was refused....
...Gannett’s offer carries a total transaction value of $815m and is expected to deliver synergies of up to $50m....
...According to Gannett’s previous estimates, a combination would create synergies worth about $50m annually....
...Gannett, the publisher of USA Today, has moved to extend its lead as the biggest print and digital news organisation in the US with an $815m takeover proposal for Tribune Publishing, owner of the Los Angeles...
...It is also casting light on the next stage of consolidation. Email the Lex team at lex@ft.com...
...All of those synergies remained very hypothetical, however. Chiquita’s initial opposition to the Cutrale/Safra offer has served a purpose....
...It became real when Samsung C&T announced the merger on May 26, saying it would boost shareholder value through synergies....
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