M&A Tag

The value of European targeted M&A activity in the first nine months of 2013 rose 21% compared to 2012 levels to US$594.3bn, with dealmaking in the third quarter reaching US$225.7bn – up 67% on Q3 2012 to become the highest third quarter since 2008. Within Europe, the...

AT&T is looking to sell its wireless telecommunication towers for around US$5bn, in a move that will strengthen the US telecoms giant’s balance sheet as it embarks on a US$14bn upgrade of its network, a share buyback programme, and possible acquisitions in Europe. AT&T confirmed back...

Dealmaking activity valued at over US$1bn hit a record high for September this week, with the announcement of 18 such deals during the first nine days of the month. This number surpasses previous highs in 2008 and 2006 which each gave rise to 16 deals over...

International engineering construction company Amec said it would continue to look for acquisitions to expand its presence in “growth regions” of the world, after announcing that it would not be making a bid for smaller rival Kentz. Amec did not expand on its reasons for walking...

Shareholder activism has emerged as a significant dampener on M&A activity in the global oil and gas sector this year, on top of continuing uncertainty over the future direction of oil prices and low gas prices in the US. According to figures from Thomson Reuters, there...

Tesco’s sale of 150 of its Fresh & Easy stores along with distribution and production facilities to Yucaipa, the investment company owned by US billionaire Ron Burkle, marks the end of the UK supermarket chain’s troubled foray into the US. Yucaipa will take on more than...

Dealmaking in the global financials sector has reached US$145.7bn to date this year with deals targeting banks and insurance companies accounting for 30% and 25% of financials M&A respectively. Within the financials industry, banks have been targeted on deals valued at US$43bn whilst the value of...

In a revealing interview setting out his strategic priorities, the chief executive-elect of Pernod Ricard, Alexandre Ricard, has emphasised that his company will actively look for acquisition opportunities in the US. Ricard lamented that the US accounts for 40% of the group’s sales but little more...