Canadian companies hunting for growth abroad drove mergers and acquisitions to a record US$83.4 billion in the first quarter of 2016, including an unprecedented four deals of more than US$5 billion each. Bloomberg...
Deal of the Week: From Banker to Teacher to … Something in Between
Scott Rostan used to be a mergers & acquisitions banker for Merrill Lynch. Then he was a high school teacher. He eventually found a happy medium training bankers and business school students how to do their jobs...
Newspapers Gobble Each Other Up to Survive Digital Apocalypse
Newspapers have settled on a strategy to stop withering away: feast on each other for survival. For the owners of big-city dailies like the Chicago Tribune and Denver Post, buying smaller publications and slashing costs...
Evergrande to Expand Mainly Through Mergers After Buying Spree
Evergrande Real Estate Group Ltd., the Chinese real estate developer that has embarked on a buying spree since last year, said it will keep expanding mainly through mergers and joint ventures, and will also seek to...
Italy Bank Merger Sparks Analyst Skepticism as Shares Decline
Banco Popolare SC and Banca Popolare di Milano Scarl dropped after the lenders agreed to form Italy’s third-largest bank, with analysts signaling skepticism about plans to cut costs and raise capital. The two lenders...
Exelon’s $6.8 Billion Takeover of Pepco Approved by D.C.
Exelon Corp.’s $6.8 billion takeover of Pepco Holdings Inc. was approved by Washington regulators on its third attempt, paving the way for the companies to form the nation’s biggest utility almost two years after...
SunTrust Plans to Hire as Many as 200 in Mid-Market M&A Push
SunTrust Banks Inc., Georgia’s largest lender, said its wholesale-banking business will hire as many as 200 people over the next four years as it seeks to increase mergers-and-acquisition services for mid-size...
Bigger Is Better for Singapore REITs Facing Consolidation
Singapore’s real estate investment trust market is set to consolidate as smaller vehicles merge to cope with rising regulatory costs, according to Cambridge Industrial Trust. “The wave of consolidation for Singapore...
Eurazeo in Advanced Talks to Acquire Novacap From Ardian
Eurazeo is in exclusive talks to acquire a majority stake in Novacap from Ardian in what would be the French private equity firm’s first investment in a chemicals company. Talks are over a majority stake in Lyon-based...
Affymetrix Rejects $1.5 Billion Origin Bid, Favors Thermo
Affymetrix Inc. said its board rejected a $1.5 billion acquisition bid from Origin Technologies Corp. and instead continues to recommend its previously planned merger with Thermo Fisher Scientific Inc. Origin’s cash...
Cement Deal-Making Wave Is Over, HeidelbergCement Chief Says
A wave of consolidation among European cement makers is over, according to HeidelbergCement AG Chief Executive Officer Bernd Scheifele. “There won’t be any big movements,†he said at a press conference in...
Senvion May Become Acquisition Target After Plan for IPO Fails
Senvion GmbH’s failure to launch an initial public offering may leave the German wind turbine maker the target of a takeover bid as four of its biggest competitors combine to increase their own market clout...
