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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.”...
...Analysts Jamal El Mellali and Ramy Habibi Alaoui, who cover African banking at Fitch Ratings, said some European banks had not spotted opportunities for “synergies” between Africa and other parts of their...
...Capital One and Discover said on Monday that the transaction is expected to generate expense synergies of $1.5bn in 2027 and deliver a return on invested capital of 16 per cent in 2027....
...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....
...A handy thing about the recurring nature of M&A speculation is that for all the most likely deals, there’s a readymade bank of analysis available for recycling....
...Capital One says it can wring out $2.7bn worth of annual efficiencies, roughly split between cost cuts and squishy “network synergies”. To judge the chances of achieving that, consider some history....
...Nationwide has been largely tight-lipped on the subject, saying that it “will explore opportunities to achieve cost synergies”....
...A lack of synergy can lead to unexpected outcomes....
...executive Sergio Ermotti told analysts that 2024 would be a “pivotal year” for the takeover, saying it would “probably [be] the one time in which we’re going to incur the most cost in order to achieve the synergies...
...M&S’s contract with HSBC, which owns M&S Bank, is up for renewal. M&S is likely to push for more control and a bigger cut of the spoils....
...But assuming realistic synergies and with no incremental improvement to revenue (because why would there be?)...
...The “massive buyback was well above expectations”, Deutsche Bank analyst Emmanuel Rosner said....
...That is due to lower funding costs and operating synergies. Its book value per share, however, remains roughly constant owing to the need of outside investors....
...Last year saw both the merger of UK small-cap brokers Cenkos and FinnCap and the £410mn acquisition by Deutsche Bank of UK broker Numis....
...“But this doesn’t mean the Italian government shouldn’t be worried about maintaining domestic production levels both in terms of quality and synergies with the local supply chain.”...
...The last great Hindu kingdom — one of the richest cities of its day — was founded in the 1330s on a lush river whose granite banks formed a natural fortress....
...Deal “synergies” disappointed, sure. But there has been a bigger challenge....
...He pointed to synergies KKR could garner with full ownership, such as selling private equity funds it had designed for wealthy individuals to Global Atlantic’s existing clients....
...It said it expected “to realise at least $500mn of incremental runrate cost savings in addition to integration synergies”....
...“It’s really important that we roll up our sleeves and safely integrate these five operations into Newmont, deliver on our synergy commitments, and deliver on that portfolio optimisation,” he said....
...If they fail to settle on a price through the first process, then a third bank will be hired to come up with a value for Hulu....
...The lack of meaningful synergies between Vivendi’s businesses has long been a problem for investors — and a source of frustration for Vivendi....
...To left-of-centre Swiss politicians, “synergies” is a code word for thousands of job losses....
...Exxon is betting its operational skills can unearth billions in synergies. It also doesn’t appear threatened by activists pushing it away from oil, or by asset managers like BlackRock....
...While the deal does not come with any advertised synergies or cost savings, it does significantly diversify the business in both its basic offering and geographic spread....
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