This Week’s Latest M&A Activity
Mallinckrodt plc and Endo, Inc. announced they have entered into a definitive agreement to combine in a stock and cash transaction. Under the terms of the agreement, Endo shareholders will receive a total of $80 million in cash (subject to possible adjustment) and Endo shareholders will own 49.9% of the combined company on a pro forma basis. Merger ● Healthcare […]
Walgreens Heads the List of M&A News This Week
Walgreens to Go Private in $23.7B ‘Definitive Agreement’ with Sycamore PartnersWalgreens Boots Alliance said the drug store chain is going private, acquired by private equity company Sycamore Partners in a $23.7 billion deal described as a “definitive agreement.” The deal is expected to close in the fourth quarter of 2025.Acquisition ● Retailers & Wholesalers ● North America […]
Prosus Acquiring Just Eat Takeaway
Prosus to Acquire Just Eat Takeaway.com for €4.1bn Prosus announced it has reached a conditional agreement to acquire Just Eat Takeaway.com, to create the fourth largest food delivery group globally. Prosus intends to acquire Just Eat Takeaway.com’s entire issued share capital for €20.30 per share via a recommended all-cash public offer on the Amsterdam exchange.Acquisition […]
M&A this week
Shift4 to Acquire Global BlueShift4 and Global Blue announced they have entered into a definitive agreement under which Shift4 will acquire Global Blue for $7.50 per common share in cash, representing an 15% premium to Global Blue’s closing share price as of February 14, 2025, and a ~$2.5 billion enterprise value.Acquisition ● Financial Services ● North […]
The Auto Industry – Uncertainty. Change. Crosswinds
Auto manufacturers are in the middle of a whirlwind of a number of environmental, governmental, and market forces the likes of which we have not seen before. Just look at the items grabbing the headlines and news cycles the past month or so: The change of administration in the US has put the whole EV […]
Lennar Completes Spin-off of Millrose Properties
Lennar Corporation and Millrose Properties, Inc. jointly announced they have successfully completed the previously announced taxable spin-off of Millrose from Lennar through a distribution of approximately 80% of Millrose’s stock to Lennar’s stockholders.Spin-off ● Construction ● North America TE Connectivity to Acquire Richards ManufacturingTE Connectivity plc has entered into a definitive agreement to acquire Richards Manufacturing Co. from funds […]
Conglomerates – the End of an Era ??
The announcement by Honeywell (ranked #456 in The Global 5000) that it is splitting into three companies might very well have marked the end of the era of conglomerates. A few years back, GE went down a similar path and split itself up into three pieces. The main GE company (ranked #207) was a $122 […]
2024 M&A Activity for Global 5000 Companies
Throughout the year 2024 (and every year) we keep track of the M&A activities, spin-off’s divestitures, etc. among Global 5000 companies. Essentially any corporate activities that will materially affect their revenue and affect how companies may need to adjust their target market selling efforts. The idea is that what is in your CRM system or […]
The Merger That Wasn’t
After nearly two years of “dancing” the Kroger & Albertson grocery store merger was called off. In addition to all that time and effort, the two companies reportedly spent close to $1 billion in fees and expenses toward the deal. All for nothing – and anyone want to guess who will ultimately pay for that […]
A Big Week for Global 5000 Acquisitions
Omnicom to Acquire Interpublic Group Omnicom and The Interpublic Group of Companies, Inc. announced their Boards of Directors have unanimously approved a definitive agreement pursuant to which Omnicom will acquire Interpublic in a stock-for-stock transaction. Acquisition ● Business Services ● North America Korean Air Buys Majority Stake in Asiana AirlinesKorean Air said it had bought a majority stake in rival […]