The dilemma of cross-border acquisitions: Tyco International and Johnson Controls

Nowadays, Tyco has become a mere shadow of the diversified engineering group that used to be in the 1990s. Over the years, it has expanded under an aggressive acquisition strategy overseen by former CEO Dennis Kozlowski. The slice of the once $130bn conglomerate, which nowadays sells only fire safety and security systems, will be acquired by Johnson … Continue reading The dilemma of cross-border acquisitions: Tyco International and Johnson Controls

No company is too big for Warren

“I’ve admired PCC’s operation for a long time. For good reasons, it is the supplier of choice for the world’s aerospace industry, one of the largest sources of American exports. Berkshire’s Board of Directors is proud that PCC will be joining Berkshire.” These words said in August by Warren E. Buffett, Berkshire Hathaway chief executive … Continue reading No company is too big for Warren

BOILING SUMMER IN THE BUILDING-MATERIALS INDUSTRY

Industry Overview Relevant signals of growth and recovery are shown in the segments of building materials sector which represent Italcementi and Heidelberg core businesses. Furthermore, continued tailwinds will bring benefits regarding revenue and cash flows in the last part of the year. The sharp fall in oil price and the weakness of Euro will have … Continue reading BOILING SUMMER IN THE BUILDING-MATERIALS INDUSTRY

M&A ACTION IN THE AEROSPACE DEFENSE INDUSTRY

International markets in 2015 have been particularly volatile. Many industries faced a slump, but some are still performing adequately, although, uncertainty about the general economic cycle is still permeating the business community. Nonetheless, the Aerospace & Defense industry has recently retaken a significant spotlight in the news. Overall, it is expected to close with a … Continue reading M&A ACTION IN THE AEROSPACE DEFENSE INDUSTRY

ROCKETING AEROSPACE

The Aerospace&Defence industry had modest headlines in 2015 even if it has doubled its volume from 2014. The bigger news took place after the second quarter close, with Lockheed Martin’s announced acquisition of the Sikorsky helicopter unit from United Technologies. The deal, valued at $9 billion, is the largest transaction in the A&D sector since … Continue reading ROCKETING AEROSPACE

CHEMCHINA AND PIRELLI: WHO WANTS TO BE NEXT?

China National Chemical Corp, also known as ChemChina, agreed to buy Pirelli (PECI.MI), the world's fifth-largest tyre maker, in a € 7.1 billion ($7.7 billion) deal. This operation will put the 143-year-old Italian company in Chinese hands, and take it private again after 93 years of public listing. The offer is expected to be launched … Continue reading CHEMCHINA AND PIRELLI: WHO WANTS TO BE NEXT?

FINMECCANICA SELLS ANSALDO TO HITACHI FOR MORE THAN $2 BILLION

Hitachi, a Japanese conglomerate, will pay €773 million ($850 million) for Finmeccanica's 40% stake in Ansaldo STS: under Italian law, this type of operations requires a mandatory tender offer in order to be finalized. The Tokyo-based company will pay €9.65 for each Ansaldo STS share, equivalent to a 9.2% premium and it will launch a … Continue reading FINMECCANICA SELLS ANSALDO TO HITACHI FOR MORE THAN $2 BILLION

SAMSUNG SELLS CHEMICAL AND DEFENCE STAKES TO HANWHA

Last week Samsung decided to sell shares in Samsung General Chemicals and Samsung Techwin for $1.72 billion dollars USD (all figures in USD). The deal was the first time that Samsung sold affiliates since 1997 and is indicative as to the challenges it has faced in the last few years in terms of profitability and … Continue reading SAMSUNG SELLS CHEMICAL AND DEFENCE STAKES TO HANWHA