Jamie Dimon Want To Make Sure Everyone Hears Him
Jamie Dimon wants to make sure he is being heard clearly, especially by those reporters in the corner. J.P. Morgan’s CEO took the stage for his bank’s analyst day on Tuesday and spent much of his time directly asking the media if they were paying attention, awake and listening clearly. The typically feisty CEO touched [...]
Global mergers and acquisitions activity will stumble in the first half of 2012, bringing an end to the recovery that the deal market has enjoyed since the financial crisis, according to a report by KPMG .
Dechert on Transaction Insurance
The potential post-closing erosion of value (either of the consideration received by the seller or the business acquired by the buyer) is an issue in almost every M&A transaction. This article by attorneys at Dechert LLP discusses a few of the popular types of transaction insurance currently available to help address this issue. Source
The head of Samsung Electronics Co Ltd’s memory chip business said on Tuesday that it is not interested in acquiring capacity from Japan’s troubled Elpida Memory Inc and expects difficult conditions in the memory chip market to continue in the second quarter. “We are not interested at all in adding capacity from Elpida,” Jun Dong-soo, [...]
Microsoft Corp has asked EU antitrust regulators to intervene in a patent dispute with Google Inc and Motorola Mobility Holdings Inc as it stepped up its battle against Google.
Chinese e-commerce company Alibaba Group is set to sign Monday the US$3bn loan putting in place the certainty of funding required for the privatisation of its Hong Kong-listed unit, according to sources.
Rio Tinto has won out against billionaire Robert Friedland’s attempts to ensure any unwanted move on his Ivanhoe Mines sparks a bidding war. Just don’t expect Rio to rush a takeover.
This presentation outlines key issues investment bankers have identified as generating frequent client requests for banker input in negotiating M&A deals.
Antitrust regulators in the U.S. and the European Union have long cooperated on antitrust matters (see the Antitrust & Competition Policy Blog for excerpts from several recent speeches on Transatlantic cooperation, here and here). Recently, regulators issued an updated set of best practices for coordinating merger review. According to the press release: “The best practices, originally issued in 2002, provide an advisory [...]
HSBC has agreed to sell its general insurance businesses to French insurer AXA Group and Australia’s QBE Insurance Group for $914 million in cash, as Europe’s biggest bank moves ahead with its plan to divest non-core assets.
China has overtaken the United States as the country with the biggest demand for luxury watches, giving Asia-driven brands such as Swatch Group’s Omega and Longines a tailwind against a slowdown in Europe this year.
Key Chicago employees were away and a significant transaction was botched in the lead up to a deficit in MF Global Holdings Ltd.’s customer accounts, according to internal emails, documents and people familiar with the matter. MF Global’s Chicago office was charged with handling money movements, including customer funds, during MF Global’s final days. But [...]
U.S. healthcare company Johnson & Johnson has offered concessions in a bid to ease EU regulatory concerns over its $21.3 billion purchase of Swiss medical device maker Synthes Inc, the European Commission said on Wednesday.
The potential post-closing erosion of value (either of the consideration received by the seller or the business acquired by the buyer) is an issue in almost every M&A transaction. This article by attorneys at Dechert LLP discusses a few of the popular types of transaction insurance currently available to help address this issue. Source
Danish drugmaker Lundbeck has agreed to sell a portfolio of three products in the United States to Akorn Inc for up to $60 million in cash, Lundbeck said on Thursday.
China has overtaken the United States as the country with the biggest demand for luxury watches, giving Asia-driven brands such as Swatch Group’s Omega and Longines a tailwind against a slowdown in Europe this year.
Ford Motor Co has decided not to pursue any alliances this year with other carmakers in Europe, where it may lose up to $600 million, even as rival General Motors Co joins forces with France’s Peugeot in hopes of riding out the region’s debt crisis and depressed auto market.
Adidas AG’s Japanese unit received a cease-and-desist order from the Fair Trade Commission on Friday saying it unlawfully pressured retailers to stop them from offering discounts on Reebok EasyTone sneakers.
The head of Samsung Electronics Co Ltd’s memory chip business said on Tuesday that it is not interested in acquiring capacity from Japan’s troubled Elpida Memory Inc and expects difficult conditions in the memory chip market to continue in the second quarter. “We are not interested at all in adding capacity from Elpida,” Jun Dong-soo, [...]
Berkshire Hathaway is still looking for major acquisitions to expand its businesses, the conglomerate’s Chief Executive Warren Buffett said in an annual letter to shareholders on Saturday.
Sprint Nextel Corp walked away from a potential $8 billion purchase of smaller rival MetroPCS Communications after Sprint’s board vetoed the deal on Wednesday, according to CNBC.
Sprint Nextel Corp walked away from a potential $8 billion purchase of smaller rival MetroPCS Communications after Sprint’s board vetoed the deal on Wednesday, according to CNBC.
Akamai Technologies Inc said it will buy rival Cotendo in a $268 million cash deal that will eliminate a tough competitor and strengthen its web acceleration business.
EMI, the London-based record label that for 80 years brought the world everyone from the Beatles and Queen to Coldplay and Katy Perry, is no longer independent.
French company Total has announced the completion of a $2.3bn joint venture with US explorer Chesapeake to develop its shale play in Ohio, as 2012 shapes up to be a bumper year for mergers and acquisitions activity in the oil and gas sector.
A subsidiary of oil major Total has agreed to buy Exxon Mobil’s 35 percent stake in Fina Antwerp Olefins, a Belgian chemicals plant, for an undisclosed amount, the French group said on Wednesday.
Rio Tinto has won out against billionaire Robert Friedland’s attempts to ensure any unwanted move on his Ivanhoe Mines sparks a bidding war. Just don’t expect Rio to rush a takeover.
KGHM, Europe’s No.2 copper producer, and Abacus Mining will need to invest $795 million in their joint Canadian copper and gold project Afton-Ajax, according to a feasibility study cited by KGHM on Wednesday.
Billionaire investor Carl Icahn went hostile with his bid to buy Commercial Metals Co on Tuesday, a day after the metals recycler rejected his $1.73 billion offer.
Specialty metals and plastics distribution company A.M. Castle & Co said it will buy Tube Supply Inc for $165 million to expand its presence in the lucrative oil and gas industry.
Buyout firm Highstar Capital is exploring the sale of water and wastewater company Utilities Inc, whose value is seen at about $500 million, according to several sources familiar with the matter.
Private equity firm TPG Capital has teamed up with two energy industry veterans to form a new venture with an initial capital of up to $1 billion to buy and run conventional natural gas-producing assets in North America.
Alberta Investment Management buys 50% stake in Chile’s second largest electricity distributor
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