Acquisition Tag

Liberty Global’s sale of most of its Chellomedia content business to AMC Networks for an enterprise value of US$1.035bn has set in motion another wave of speculation about larger potential deals in the telecoms market. Chellomedia provides content to around 360m customers in 138 countries, and...

Verizon Communications has moved closer to acquiring Vodafone’s 45% stake in the two companies’ US joint venture for a price believed to be around US$130bn. Sources close to the process say the Verizon is on the verge of concluding an arrangement with several banks to put...

[caption id="attachment_257" align="alignleft" width="150"]Good v bad acquisitions Honeywell - serial acquirer?[/caption] An interesting piece caught my eye: it's about Honeywell's approach to acquisition (read it here). They are evaluating about 100 potential acquisition targets and one of their criteria is how easy they will be to integrate. Businesses that undergo multiple acquisitions are often called ‘serial acquirers’, which has both good and bad connotations.   Good, in that if done properly it can be a strategic deployment of capital in order to obtain capability, market reach and process performance that all enhance value and shareholder confidence. Definitely not to be sneezed at.  Getting it wrong, on the other hand, can lead to a destruction of all this and the CEO’s career to boot.