Abu Dhabi’s planned merger of two of its largest banks is unlikely to be structured as a takeover of National Bank of Abu Dhabi PJSC by First Gulf Bank PJSC, according to people familiar with the matter. The emirate may...
Alphabet, Facebook Seen Acquiring More as Startup Valuations Sag
David Drummond has a simple explanation for why Alphabet Inc., one of the more acquisitive technology companies, has been sitting on its hands for more than a year. “Have you seen the valuations?” Drummond, the...
Impax to Buy Allergan, Teva Drug Portfolio for $586 Million
Impax Laboratories Inc. will buy a portfolio of drugs from Teva Pharmaceutical Industries Ltd. and Allergan Plc for $586 million as the two larger pharmaceutical companies divest products to gain antitrust approval for...
Abu Dhabi Megabank Deal Poised to Shatter Mideast M&A Record
Abu Dhabi’s planned combination of two of its largest banks could set a record as the biggest merger and acquisition deal in the Middle East — if it concludes. National Bank of Abu Dhabi PJSC and First Gulf Bank...
Hanjin Shipping Rises as Merger Hope Eases Survival Concern
Hanjin Shipping Co. gained the most in a week in Seoul trading as concerns that the unprofitable shipping line wouldn’t be able to survive eased after the government indicated a merger with a smaller rival is possible...
The One Utility Merger You Need Not Fear
Mergers between utility companies are about as dry as corporate dealmaking gets. But that’s not why traders hate them. For those in the arbitrage game, who stake their returns on when and at what...
Merger Lies and Ferragamo Bribes
By Matt Levine M&A etiquette. Guy Hands’s lawsuit against Citigroup continued in London yesterdaywith my favorite sort of cross-examination, the kind where Citi’s lawyers asked Hands if he was lying, and...
BMO to Buy Greene Holcomb Fisher to Expand U.S. Dealmaking
Bank of Montreal agreed to buy advisory firm Greene Holcomb Fisher to expand its mergers-and-acquisitions business in the U.S., adding 30 investment bankers and deepening its industry coverage in the country. GHF, with...
Michael Dell Bought His Company Too Cheaply
If you own a stock that you think is worth $10 a share, and I also own that stock and I think it’s worth $20 a share, I can try to convince you that I’m right. I can make predictions about the...
Deutsche Boerse’s LSE Takeover May Result in 1,250 Job Cuts
Deutsche Boerse AG’s proposed acquisition of London Stock Exchange Group Plc may result in about 1,250 job cuts across the companies. The combined firm would lose a net 700 positions because 550 jobs may be created as...
Whitbread Needs a Diet
Alison Brittain faces a storm in a coffee cup. The new CEO of Whitbread is grappling with a 25 percent decline in the bars-to-hotels conglomerate’s shares over the past year and the threat of slowing sales...
UBS acquires DJ-AIG Commodity Index
The equities arm of UBS Investment Bank completed on May 6 the acquisition of the commodity index business of AIG Financial Products Corp, including AIGs rights to the Dow Jones-AIG Commodity Index (DJ-AIGCI). The...
