Hints and tips:
...The FT’s Lex column is sceptical of revenue synergies....
...“The synergies are quite limited in terms of cost savings,” he told the FT, adding that he believes “it’s not that difficult” to manage a complex and growing web of 112 entertainment studios across Europe...
...Only the latter was considered to involve the kind operational synergies that motivated earlier waves of M&A, according to Enverus. 3....
...Walt Disney recently agreed to buy 21st Century Fox’s entertainment and international business — including its stake in Sky, the pan-European pay-TV group — for $66bn....
...A crowd of suits and red ties slowly makes its way through a welcome arch made from red balloons, towards a temporary stage bearing a huge red banner that reads: “Grand Opening Risever Machinery, LLC.”...
...He added that the re-organisation would deliver revenue, cost and talent synergies....
...However, Mr Adamczyk said the remaining businesses in the core company “are best positioned to leverage Honeywell synergies from our technologies, financial and business models, and talent”....
...BP said fully integrating the closely-connected businesses would unleash further operational synergies....
...He does not rule out a sale of Whole Foods, suggesting strategic buyers could include not only Albertsons but international groups such as Metro of Germany or Wesfarmers of Australia....
...“We see little immediate synergy between SIPG’s core port business and this new financial investment,” S&P added....
...He is also an active investor in Insignia Investment Management Group, Insignia Wealth Management Group, Funky Buddha Media, Illusions, Inc., JetNetwork and JetFirst, Air Support, LLC and TADS, and International...
...Bankers estimate BPI could benefit from cost synergies of 30 per cent by buying Novo Banco, with restructuring costs totalling about 1.5 times annual synergy savings....
...Both are interested in movies: indeed they seem to be interested in acquiring almost anything, regardless of the lack of apparent synergy....
...“There is strong complementary synergy between Louvre Hotel and Jin Jiang in brand portfolio, geographic footprint and guest base,” said Yu Minliang, chairman of Jin Jiang International Holdings....
...“Investors seem to have been rewarding M&A activity driven by synergies and low tax rates,” they wrote in a recent note....
...It said the takeover would deliver after-tax operational synergies of more than $150m a year....
...Coke said it would reorganise its international operations into two divisions alongside its existing bottling business outside North America, which will be a separate third division....
...“Obviously there are certain synergies to be had,” Mr Aspesi said. “It makes a lot of sense in an industry that is struggling to grow.”...
...On Friday, Willie Walsh, chief executive of International Airlines Group, said his company had appointed Centerview Partners to advise them on the AMR situation....
...Japanese companies have also learnt that minority stakes seldom bring about desired business synergies....
...Some analysts say there are negligible synergies across Reed’s three main businesses – science, legal and exhibitions – and that the group ought to break itself up....
...Meanwhile, as Heinz considers ways to develop its baby food business and increase its international presence the company said it would pull back on frozen foods in the US....
...But Carrefour is a far bigger, more complicated and international business than Vivarte. The group has 470,000 employees at 16,000 stores in 32 countries and sales last year of €81.3bn....
...The Swiss group’s private banking operations in the Asia Pacific region have been among its fastest growing international wealth management operations, with double-digit annual growth rates in net new assets...
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