THE END OF A TRILOGY – VALEANT ON SALIX CASE.

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The increased M&A activity within the Healthcare sector has not slowed down in 2015, after we saw a record volume of transactions in the previous year. After securing financing, Canada-based Valeant has won… Continue reading

BIGGER IS BETTER: EXPEDIA ACQUIRES ORBITZ

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On February 12, Expedia (Nasdaq: EXPE) announced it had entered into a definitive agreement under which it will acquire Orbitz Worldwide, Inc. (NYSE: OWW) including all of Orbitz’s brands (such as HotelClub, CheapTickets… Continue reading

A SUBPRIME RENAISSANCE: CITIGROUP SELLS ONEMAIN TO SPRINGLEAF

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Springleaf Holdings Inc. set to buy Citigroup Inc’s OneMain Financial Holdings for $4.25bn in cash, forming the largest subprime lender in the United States. Citigroup’s strategy to sell its non-core operations and focus… Continue reading

TMT INDUSTRY ANALYSIS – CONTEXT, TRENDS AND RECENT DEALS

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Competitiveness The TMT industry (in a broad sense) is becoming more and more complex: From the demand side, emerging markets are asking for new services to be provided and developed countries are asking… Continue reading

EI TOWERS BID FOR RAI WAY, THE CONTEXT AND THE POSSIBLE SCENARIOS

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The Deal In September 2014, the Italian Government issued a decree regarding the privatization of the state owned company RAI Way S.p.A. (from now on, RWay). The decree came after the decision to… Continue reading

KOTAK MAHINDRA BUYS ING VYSYA AND DOUBLES ITS SIZE

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The Kotak Mahindra Bank’s all-share acquisition of the mid-sized player ING Vysya has been agreed for at a value of 150 billion Rs, around $2.4 billion. Announced on November 20, 2014, the Kotak… Continue reading

SAMSUNG SELLS CHEMICAL AND DEFENCE STAKES TO HANWHA

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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… Continue reading

GLAXOSMITHKLINE & NOVARTIS SWAP ASSTES WORTH £11BN

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The asset-swap between GlaxoSmithKline (NYSE: GSK) and Novartis (NYSE: NVS) will lead to stronger focus by both companies on their current core activities. The transaction sets a new framework for future complex deals,… Continue reading

WHEN A BURGER MEETS A DOUGHNUT. BURGER KING – TIM HORTONS

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Burger King Worldwide Inc. (NYSE: BKW) has announced on August 26, 2014, the acquisition of Tim Hortons Inc. (NYSE: THI) in a merger that will create the world’s third-largest quick service restaurant. The… Continue reading