Analysis of recent M&A transactions
On January 16th 2018, Ferrero, announced that it will acquire the confectionery business of Nestle in the US for $2.8 billion. The deal makes Ferrero the third-biggest firm in the confectionery market in the US, according to Euromonitor. The unit acquired generated $900 million in sales during 2017 for the Swiss-based company. Ferrero will own … Continue reading Ferrero is back with a Sweet Acquisition
On September 14th, 2016, Bayer has reached a deal, currently pending regulatory approval, to acquire Monsanto in an all cash transaction for $128-a-share ($56bn Equity Value, $66bn EV) COMPANY OVERVIEW – BAYER Bayer AG (ETR:BAYN , Market Cap: €77.57bn, Share Price: €93.90 as of 11/11/2016) is a German multinational chemical and pharmaceutical company traded on the Frankfurt Stock Exchange. … Continue reading Bayer-Monsanto: A Genetically Modified Deal
On September 6, 2016, Enbridge Inc. and Spectra Energy Corp. have entered into a definitive merger agreement under which Enbridge and Spectra Energy will combine in a stock-for-stock merger transaction, valuing Spectra Energy common stock at approximately $28 bn Companies Overview Enbridge Inc. Enbridge Inc. is one of the leading North America energy distribution companies. … Continue reading Enbridge Inc. and Spectra Energy Corp. merge to create a North America gas infrastructure giant
On May 1, 2016, Halliburton and Baker Hughes, respectively the second and third largest oilfield services firms, have announced the abandonment of their planned $34.6bn merger because of opposition from US and European regulators. Recap of acquisition’s drivers and structure of the deal Throughout this deal, Halliburton aimed to broaden its product lines and increase … Continue reading Halliburton and Baker Hughes broken marriage
“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
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 on wealthier clients produces the combined entity with $15bn dollars in assets, 2000 branches, and a capacity to serve the growing subprime … Continue reading A SUBPRIME RENAISSANCE: CITIGROUP SELLS ONEMAIN TO SPRINGLEAF
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 faster and better services (overall in data quantity). This translates in more quantity (emerging markets) and more quality (developed country). From the … Continue reading TMT INDUSTRY ANALYSIS – CONTEXT, TRENDS AND RECENT DEALS
On November 17, 2014 Halliburton Co. (NYSE: HAL) and Baker Hughes Inc. (NYSE: BHI) announced a definitive agreement under which Halliburton – the No.2 biggest oilfield services provider – is going to acquire all the outstanding shares of Baker Hughes – No.3 in the same industry - in a $34.6 billion stock and cash transaction. … Continue reading BIG OIL M&A IS BACK. HALLIBURTON – BAKER HUGHES
Bocconi Students M&A Circle 
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