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...The deal will greatly expand Home Depot’s reach among contractors and builders....
...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....
...Homebuilder confidence this month dropped to its lowest level since January as higher rates drove some buyers away and raised construction costs, the National Association of Home Builders said....
...A version of this article was first published by Nikkei Asia on April 4 2024. ©2024 Nikkei Inc. All rights reserved....
...Sekisui, which also owns builders Woodside Homes, Holt Homes and Chesmar Homes, said it would become the fifth-biggest US home builder....
...HPE says the combination is worth $450mn of annual cost synergies, or nearly a tenth of Juniper’s revenue. The all-cash buyout is transformative for HPE, whose enterprise value is $30bn....
...“Bottom line: supply is short, demand is returning to affordable offerings, and builders will need to produce more homes to fill the void,” Lennar executive chair Stuart Miller said on the Miami-based builder...
...They estimated that an all-stock combination of Warner and Paramount could yield at least $1bn of synergies....
...But then you notice the discreet pedestals at each end of the installation, created by Los Angeles based PlayLab, Inc. Each showcases four “historiated sculptures” encased in glass....
...Glagola of TD Cowen said he viewed Endeavor as a “conglomerate”, which has hindered investors’ ability to recognise any synergies that exist between the different businesses....
...Deal “synergies” disappointed, sure. But there has been a bigger challenge....
...share, while also increasing the cash portion of the offer.Wyndham rejected both, although Choice claimed that its rival acknowledged the benefits of a combination that it believed would create annual synergies...
...Over time, Daunt said he can see synergies from bringing together the back-office functions such as IT across Waterstones and Barnes & Noble....
...From a business perspective, there also appears to be more synergy for Benefit One than a deal with M3....
...Even the $200mn of cost saving synergies being touted, taxed and capitalised, will not cover the premium it is paying....
...The first LLMs are going to be made available to everybody and, then, the next wave of value will be less about the model builder, and more about who has a unique signal to feed the AI....
...“We believe growth in the latter half of the decade via Dojo synergies justifies the valuation,” the team says: As Tesla begins to unlock Dojo synergies in the back half of the decade and beyond 2030, we...
...peers and private builders....
...In 2019, the synergies would create many billions in value. In 2023, losing the synergies is “fairly manageable”. What is going on here? The synergies are not all that will be lost....
...It is also expected to deliver more than $200mn in “cost synergies within three years”, according to chief financial officer Scott Roe. The deal is expected to close in 2024....
Co-chiefs Sarandos and Peters face challenge of delivering returns while keeping up with rapid changes in entertainment industry
...Lex is a little more sceptical of revenue synergies....
...The present value of those synergies is in the neighbourhood of $10-$20bn, on plausible assumptions....
...Most importantly, she set about divesting Citi of much of its global consumer banking franchise, which had no synergies with its best businesses, which are transaction banking, credit cards, and fixed-income...
...Many investors questioned Sony’s original decision to take full control of its financial business in 2020, noting the lack of synergy with the group’s other businesses....
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