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M&A

Merger Deal Altered By T-Mobile And Sprint

New merger terms had been agreed upon by T- Mobile US and Sprint Corp so that they could get over the regulatory hurdles, the two companies said, and added that they expect the deal to close by as early as April 1 this year.   About 43 per cent in the new merged company will be...

US-Based Optical Networking Tech Firm Elenion To Be Acquired By Nokia

The Finnish telecom networks maker Nokia Oyj is aiming to boost its optical networking business and increase the portfolio of offering to telecoms operators by the acquisition of the United States based company Elenion Technologies, Nokia announced on Wednesday.   The company however did not...

Another Mega US Merger – That Of T-Mobile And Sprint, Cleared By Court

Tech companies in the United States have spent more than $200 billion on a series of megamergers that has changed the face of the business scenario in the country in the last 18 months.   And the latest such mega merger to get court clearance is the proposed acquisition of Sprint by...

Eli Lilly CFO Says Company To Make Quarterly Deals Of $1 Bn-$5 Bn In 2020

With an effort to augment its pipeline of future products, the United States based drug maker Eli Lilly and Co has announced plans to disclose deals and acquisitions worth about one deal worth between $1 billion to $5 billion every quarter in 2020. This was said by the chief financial officer of...

Mergers & Acquisitions In Global Auto Industry In 2019

The pressure that was felt by the global auto industry because of slowing demand, increased need for extensive investments for new generation vehicles and stricter auto emission norms saw a wave of consolidation in the industry in the past year. There were many big-ticket merger and acquisitions...

DuPont’s Nutrition & Biosciences Unit To Merge With IFF

The IFF and DuPont’s Nutrition & Biosciences business will be merged in a Reverse Morris Trust transaction, the two companies have announced. On an enterprise value basis, the value of the merged entity is anticipated to be at $45.4 billion which effectively values the N&B business for...

Refinitiv’s Acquisition Offer Of LSE Approved By The Former’s Shareholders

The proposal to be acquired by Refinitiv in a deal that is worth $27 billion was presented to be voted by the shareholders of the London Stock Exchange Group plc. The results of the General Meeting held earlier on Tuesday showed that the vast majority of LSEG shareholders voted in favour of the...

Novartis To Acquire Heart Drug Prospect Inclisiran The Medicines Co For $9.7 Billion

With the aim of rivaling cardiovascular medicines from Amgen Inc, Sanofi and Regeneron Pharmaceuticals, Swiss drugmaker Novartis has decided to acquire The Medicines Co , the owner of the heart drug prospect inclisiran, in a deal worth $9.7 billion hoping to take advantage of this medicine.  ...

Tiffany To Be Acquired By LVMH For A $16.2 Billion Deal

The iconic United States based jeweler Tiffany is set to be acquired by the French luxury goods maker Louis Vuitton owner LVMH for $16.2 billion. This is the biggest takeover in the history of the French firm and it is hoping that it would be able to bring the US firm to its former glory.  ...

Renault Shares Drop After Withdrawal Of Merger Offer By Fiat Chrysler

The stocks of Renault dropped by 8 per cent after Fiat Chrysler withdrew its earlier proposal of a merger with the French car maker. No decision about the merger was taken on Wednesday by the representative of the French on the board of Renault.   In order to convince its Japanese alliance...

Infineon To Acquire Cypress Semiconductor In A $10 Billion Deal

The chip maker Cypress Semiconductor has been agreed to be bought by Infineon Technologies in a deal in which the chip maker would be valued at $10 billion.   In addition to continuing its dividend through closing, Infineon has decided to pay $23.85 per share in cash ($10 billion enterprise...

$35 Billion Merger Proposal From FCA Being Considered With Interest By Renault

The third biggest automaker was proposed to be created by the merger of Fiat Chrysler and Renault on Modnay based on fairly equal terms that balanced the role and power of each party which would help both the companies to better address the challenges of development costs of new technologies and...
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