The AT&T-Time Warner merger is proof that the t-comm and content industries are rigged.
- How the AT&T-Time Warner Merger Is Proof of a Rigged System
- Move Over, Comcast: There's a New Cable Company in Town
- The Top 3 Moves to Make in the $811.8 Billion M&A Market
- Shell, BG Group Merger Signals Huge Changes in Energy
- Heinz – Kraft Merger Represents Value, Growth
- S&P 500 Closes at New Record High Friday
- Let's Make a Deal: How the Mergers-and-Acquisitions Boom Will Hurt the U.S. Economy
- Investors' Hopes Riding on Surge in M&A Activity
- Japan's Astellas Pharma Is the Latest Company to Go Global to Dodge Patent Problems
- The Airline Industry: How to Make Good Money From a Bad Business
- Money Morning Mailbag: What's More Broken – Washington or Wall Street?
Comcast is about to see a new competitor in town.
Just yesterday, the DOJ okayed an epic cable merger worth $78 billion.
There's a lot of money to be made in the mergers and acquisitions (M&A) market. And we expect to see a lot more through the end of the year.
What's most important to know about this lucrative sector, however, is which "Tech Takeover Targets" to pay attention to.
The $70 billion acquisition of BG Group plc (LON: BG) by Royal Dutch Shell plc (ADR) (NYSE: RDSA) will result in a merged company with market value double that of BP plc (ADR) (NYSE: BP) and bigger than Chevron Corporation (NYSE: CVX).
Kraft Foods Group Inc (NASDAQ: KRFT) opened at an all-time high Wednesday on the news of its merger with HJ Heinz Company (NYSE: HNZ).
The S&P 500 gained 8 points today to close at a new record high. The cause? Positive macro-economic forces spreading across Europe.
The Russia-Ukraine ceasefire, improved data on the German economy, and improving prospects for a Greek debt agreement pushed stocks higher.
With the moribund growth prospects of the U.S. economy, there would seem to be no great urgency for companies to go on an M&A spree, yet the total value of announced buyout deals for August alone has topped $175 billion.
Cynics are reaching only one conclusion: With interest rates so low and corporations so cash-rich, it seems that company management teams would rather do anything with that cash than to give it back to shareholders via stock buybacks or boosted dividends.
And those deals signal additional trouble ahead for the U.S. economy.
Global takeovers announced so far this year have totaled $1.29 trillion, up 23% from the same time last year, according to Bloomberg News.
Last week a flurry of bleak economic news headlined by larger than expected unemployment claims spurred a 280-point drop in the Dow Jones Industrial Average.
But, investors took some solace from a flurry of M&A activity and an initial public offering (IPO) from General Motors Co., because acquisitions are seen as a sign companies are confident the economy will grow and business will improve.
The all-cash bid is Astellas' second for the sought-after OSI after a March 1 $3.5 billion offer was rejected. Astellas will pay $57.50 per OSI share, 11% more than the first offer and 55% more than OSI's last closing price before Astellas starting bidding. OSI closed at $59.80 Friday.
OSI's money-making cancer drug Tarceva generated $1.2 billion in sales last year and is projected to bring in $7 billion in revenue through 2020. Astellas wants to build a global cancer-drug business and jointly develop more cancer drugs with OSI.
A week after the Securities and Exchange Commission brought fraud charges against Goldman Sachs, President Barack Obama yesterday (Thursday) blamed the financial meltdown on both Washington and Wall Street in a speech in New York and urged Wall Street giants to stop fighting reform.