mergers-and-acquisitions
Top StoriesAlexa! Start my roomba: Amazon buys robot vacuum maker for $1.7 billion
Top StoriesConsortium to buy S.Africa hospitals firm mediclinic for $4.49 billion
Top StoriesSatellite maker SES’s shares slump on merger speculation
Top StoriesAnalysis: Orange-MasMovil deal a test case for European telecom tie-ups
Judge in twitter v. musk once made rare ruling: Ordering a deal to close
Date: July 15, 2022
By Tom Hals and Hyunjoo Jin (Reuters) -The judge overseeing Twitter Inc’s $44 billion lawsuit against Elon Musk has a no-nonsense reputation as well as the distinction of being one of the few jurists who has ever ordered a reluctant buyer to close a U.S. corporate merger. Kathaleen McCormick took over the role of chancellor...
Analysis-Spirit airlines winning bidder may need years to recoup price tag
Date: July 12, 2022
By Angelique Chen, Anirban Sen and David Carnevali (Reuters) – The bidding war for Spirit Airlines Inc between Frontier Group Holdings Inc and JetBlue Airways Corp may leave the acquirer taking years to earn back their investment. JetBlue’s latest cash-and-stock bid values Spirit at $3.7 billion, while Frontier’s latest cash-and-stock bid, which Spirit recommends its...
The complexity of managing identity data and privileged access during M&A
Date: July 5, 2022
By Chad McDonald, CISO at Radiant Logic When it comes to fast business growth, few strategies are as critical as mergers and acquisitions (M&A). 2021 was a record-breaking year for M&A, with 62,000 deals announced globally – a 24% growth from 2020. In fact, the overall value of M&A reached $5.8 trillion last year, and...
Mergers and acquisitions… and data breaches
Date: June 28, 2022
By Andrew Kays, CEO at threat detection and response business, Socura Global auditing giant, PWC, reports that 2021 was a record-breaking year for global mergers and acquisitions (M&A). There were more than 62,000 deals announced in those 12 months alone, up a remarkable 24% in 2020. It’s a flourishing market in terms of scale, but...
Poland’s PKN orlen, lotos managements approve merger plan
Date: June 2, 2022
GDANSK/WARSAW (Reuters) -Poland’s biggest oil refiner PKN Orlen and number two player Grupa Lotos said on Thursday their management boards had approved plans for a merger first announced in 2018 but delayed by antitrust issues. Both refiners are state controlled and the merger is part of a wider plan by Poland’s ruling Law and Justice...
Commerzbank, UniCredit rise even as reported M&A talks fizzle
Date: May 18, 2022
By Valentina Za and Tom Sims MILAN (Reuters) -UniCredit and Commerzbank shares rose on Wednesday after a newspaper reported the Italian and German lenders had planned to meet to start merger talks before abandoning the idea because of the war in Ukraine. The Financial Times reported UniCredit CEO Andrea Orcel had arranged to meet his...