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 […]
Amcor & Berry Global to Merge
Amcor plc and Berry Global Group, Inc. announced they have entered into a definitive merger agreement, pursuant to which Amcor and Berry will combine in an all-stock transaction. Berry shareholders will receive a fixed exchange ratio of 7.25 Amcor shares for each Berry share held upon closing, resulting in Amcor and Berry shareholders owning approximately 63% and 37% […]
October M&A Announcements for Global 5000
For the month of October, we tracked and reported on 70 M&A deals for The Global 5000 companies. Leading the way was the Industrial Industry (Barnes Group & A.O. Smith among them) followed by Business Services (Bureau Veritas and ADP) and Financial Services (Lending Club, Credit Agricole). We update the company records in The Global 5000 marketing […]
Merger of Vitesco Technologies Group AG into Schaeffler AG successfully completed
Schaeffler AG has successfully completed the merger with Vitesco Technologies Group AG (“Vitesco”) that was announced almost a year ago. The Global 5000 Company Announcements BASIC MATERIALSPPG Reaches Agreement to Sell Architectural Coatings U.S. and Canada Business Aperam Signs Definitive Agreement to Acquire Universal Stainless & Alloy Products, Inc BUSINESS SERVICESADP Acquires WorkForce Software FINANCIAL SERVICESCrédit […]
Weekly Global 5000 M&A Activity
There were another 15 M&A and spin-off announcements this past week by Global 5000 companies including: AUTO & TRUCKSHyundai Motor India Limited IPOTenneco Announces Agreement to Divest Öhlins to Brembo BASIC MATERIALSNippon Steel Agrees to Sell Its Interest in Calvert to ArcelorMittal BUSINESS SERVICESBureau Veritas Acquiring IDP Group CONSUMER, PERSONAL HOUSEHOLD GOODSVista Outdoor Strikes Deal […]
Jacobs Completes a Spin-off & a Merger with Amentum
Jacobs announced the completion of the spin-off of its Critical Mission Solutions and Cyber & Intelligence government services businesses and merger with Amentum Parent Holdings LLC, forming an independent, publicly traded company called Amentum Holdings, Inc. The combination creates a government advanced engineering and technology solutions business.Spin-off & Merger ● Construction & Business Services ● North America Additional Announcements BUSINESS SERVICESOmnicom Acquires […]