{"id":265,"date":"2023-10-05T18:59:57","date_gmt":"2023-10-05T18:59:57","guid":{"rendered":"https:\/\/mergeacq.com\/?p=265"},"modified":"2024-01-13T13:56:34","modified_gmt":"2024-01-13T13:56:34","slug":"ma-news-relay","status":"publish","type":"post","link":"https:\/\/mergeacq.com\/ma-news-relay\/","title":{"rendered":"M&#038;A News Relay"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n<p>Below are abstract summaries we prepared of M&amp;A articles which caught our eye.<\/p>\n<ul>\n<li><strong>Infrastructure:<\/strong> Blackrock money manager fund is paying $12.5bn in stock for Global Infrastructure Partners (GIP), \u00a0amalgamating them and sharing profits from airport and other assets (<a href=\"https:\/\/www.ft.com\/content\/8f1c7825-425e-4bae-8909-da3db52cc8d1\">Financial Times Jan 13, 2024)<\/a>.<\/li>\n<li><strong>Brands<\/strong><strong>: <\/strong>the UK fashion retailer \u201cNext\u201d paid \u00a3115m for the brand \u201cFat Face\u201d (named after a ski run in France). More brands give customers more choice. (<a href=\"https:\/\/www.ft.com\/content\/7a74d145-2175-455e-86d5-4263d1fde0ad\">Financial Times Oct 13, 2023<\/a>)<\/li>\n<li><strong>Staying big: <\/strong>For some firms, including law firms staying big and influential motivates the deal as in Allen &amp; Ovey and Shearman (<a href=\"https:\/\/www.ft.com\/content\/7a74d145-2175-455e-86d5-4263d1fde0ad\">Financial Times Oct 13, 2023<\/a>: https:\/\/www.ft.com\/content\/7a74d145-2175-455e-86d5-4263d1fde0ad)<\/li>\n<li><strong>Never to big to learn<\/strong>:\u00a0 McDonalds is buying back a 20% share in McDonalds successful operations in China from Citic Capital, bringing its share up to 48%. This is after selling an 80% share back in 2017. (<a href=\"https:\/\/www.ft.com\/content\/18680a83-2cd4-4f54-b22e-6e42921\">Financial Times Nov 21, 2023<\/a>)\u00a0<\/li>\n<li><strong>Going for a song.<\/strong> Exxon paid $59.5bn for shale giant Pioneer, because it is cheaper to expand shale acreage by M&amp;A than drilling for it <strong>(<\/strong><a href=\"https:\/\/www.ft.com\/content\/f4371b07-e0c4-42bd-ac1c-db9f0e648663\">Financial Times Oct 11, 2023<\/a><strong>)<\/strong><\/li>\n<li><strong>Not going for a song<\/strong><strong>. <\/strong>Shareholders at Hipgnosis Songs Fund objected to selling Blondie songs for $440m after Round Hill sold Bruno Mars songs for $496m. (<a href=\"https:\/\/www.ft.com\/content\/2983b835-de18-4cae-a08e-fc91eb0b0e36\">Financial Times October 6, 2023<\/a><strong>)<\/strong><\/li>\n<li><strong>If a tender <\/strong><strong>.<\/strong><strong>process is used<\/strong>, can you can prove you offered\/received the best price? Abcam had to defend its proposed $5.7bn takeover by Danaher. (<a href=\"https:\/\/www.ft.com\/content\/4cd94b38-9e73-4e5f-85e2-2177cc0c77f0\">Financial Times Oct 5, 2023<\/a>)<\/li>\n<li><strong>Misconduct:<\/strong> If you buy a US business with <strong>misconduct skeletons<\/strong> in its closet, you have 6 months to report them under a new policy of the US Department of Justice. (<a href=\"https:\/\/www.ft.com\/content\/debf32f3-b33e-469a-8c69-6ee4ba8794d1\">Financial Times Oct 4, 2023<\/a>)<\/li>\n<li><strong>Keeping up<\/strong>: Big pharmaceutical companies need to replenish their drug pipelines <strong>affordably<\/strong> e.g. Eli Lilly\u2019s $1.4bn acquisition of Point Biopharma Global.(<a href=\"https:\/\/www.ft.com\/content\/c9f56bff-6ddd-4034-924e-bf5077f6334b\">Financial Times Oct 3, 2023<\/a>)<\/li>\n<li>\n<p><strong>Private equity:<\/strong> Silver Lake Partners and Michael Dell sold VMware (cloud computing) for $92bn, making a $70bn gain. 3G has made $19bn after investing $1.6bn in Berger King (Financial Times Dec 16, 2023).<\/p>\n<\/li>\n<\/ul>\n<p><!-- \/wp:list-item --><!-- wp:list-item --><\/p>\n<ul type=\"disc\">\n<li style=\"list-style-type: none;\">\u00a0<\/li>\n<\/ul>\n<p><!-- \/wp:list-item --><!-- wp:list-item --><\/p>\n<p><!-- \/wp:list-item --><!-- wp:list-item --><\/p>\n<ul type=\"disc\">\n<li style=\"list-style-type: none;\">\u00a0<\/li>\n<\/ul>\n<p><!-- \/wp:list-item --><!-- wp:list-item --><\/p>\n<p><!-- \/wp:list --><!-- \/wp:list-item --><\/p>","protected":false},"excerpt":{"rendered":"<p>Below are abstract summaries we prepared of M&amp;A articles which caught our eye. Infrastructure: Blackrock money manager fund is paying $12.5bn in stock for Global Infrastructure Partners (GIP), \u00a0amalgamating them and sharing profits from airport and other assets (Financial Times Jan 13, 2024). Brands: the UK fashion retailer \u201cNext\u201d paid \u00a3115m for the brand \u201cFat [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>M&amp;A News Relay - Merge Acq<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mergeacq.com\/ma-news-relay\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"M&amp;A News Relay - Merge Acq\" \/>\n<meta property=\"og:description\" content=\"Below are abstract summaries we prepared of M&amp;A articles which caught our eye. Infrastructure: Blackrock money manager fund is paying $12.5bn in stock for Global Infrastructure Partners (GIP), \u00a0amalgamating them and sharing profits from airport and other assets (Financial Times Jan 13, 2024). Brands: the UK fashion retailer \u201cNext\u201d paid \u00a3115m for the brand \u201cFat [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mergeacq.com\/ma-news-relay\/\" \/>\n<meta property=\"og:site_name\" content=\"Merge Acq\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-05T18:59:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-13T13:56:34+00:00\" \/>\n<meta name=\"author\" content=\"Leon Harris\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Leon Harris\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mergeacq.com\/ma-news-relay\/\",\"url\":\"https:\/\/mergeacq.com\/ma-news-relay\/\",\"name\":\"M&A News Relay - Merge Acq\",\"isPartOf\":{\"@id\":\"https:\/\/mergeacq.com\/#website\"},\"datePublished\":\"2023-10-05T18:59:57+00:00\",\"dateModified\":\"2024-01-13T13:56:34+00:00\",\"author\":{\"@id\":\"https:\/\/mergeacq.com\/#\/schema\/person\/7d8d72ff80a08ec8f809dfe4d3cebc68\"},\"breadcrumb\":{\"@id\":\"https:\/\/mergeacq.com\/ma-news-relay\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mergeacq.com\/ma-news-relay\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mergeacq.com\/ma-news-relay\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mergeacq.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"M&#038;A News Relay\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mergeacq.com\/#website\",\"url\":\"https:\/\/mergeacq.com\/\",\"name\":\"Merge Acq\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mergeacq.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/mergeacq.com\/#\/schema\/person\/7d8d72ff80a08ec8f809dfe4d3cebc68\",\"name\":\"Leon Harris\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mergeacq.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3674e1e75da570a7c32ac7cc922aaca0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3674e1e75da570a7c32ac7cc922aaca0?s=96&d=mm&r=g\",\"caption\":\"Leon Harris\"},\"url\":\"https:\/\/mergeacq.com\/author\/leonhar\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"M&A News Relay - Merge Acq","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mergeacq.com\/ma-news-relay\/","og_locale":"en_US","og_type":"article","og_title":"M&A News Relay - Merge Acq","og_description":"Below are abstract summaries we prepared of M&amp;A articles which caught our eye. Infrastructure: Blackrock money manager fund is paying $12.5bn in stock for Global Infrastructure Partners (GIP), \u00a0amalgamating them and sharing profits from airport and other assets (Financial Times Jan 13, 2024). Brands: the UK fashion retailer \u201cNext\u201d paid \u00a3115m for the brand \u201cFat [&hellip;]","og_url":"https:\/\/mergeacq.com\/ma-news-relay\/","og_site_name":"Merge Acq","article_published_time":"2023-10-05T18:59:57+00:00","article_modified_time":"2024-01-13T13:56:34+00:00","author":"Leon Harris","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Leon Harris","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/mergeacq.com\/ma-news-relay\/","url":"https:\/\/mergeacq.com\/ma-news-relay\/","name":"M&A News Relay - Merge Acq","isPartOf":{"@id":"https:\/\/mergeacq.com\/#website"},"datePublished":"2023-10-05T18:59:57+00:00","dateModified":"2024-01-13T13:56:34+00:00","author":{"@id":"https:\/\/mergeacq.com\/#\/schema\/person\/7d8d72ff80a08ec8f809dfe4d3cebc68"},"breadcrumb":{"@id":"https:\/\/mergeacq.com\/ma-news-relay\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mergeacq.com\/ma-news-relay\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/mergeacq.com\/ma-news-relay\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mergeacq.com\/"},{"@type":"ListItem","position":2,"name":"M&#038;A News Relay"}]},{"@type":"WebSite","@id":"https:\/\/mergeacq.com\/#website","url":"https:\/\/mergeacq.com\/","name":"Merge Acq","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mergeacq.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/mergeacq.com\/#\/schema\/person\/7d8d72ff80a08ec8f809dfe4d3cebc68","name":"Leon Harris","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mergeacq.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3674e1e75da570a7c32ac7cc922aaca0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3674e1e75da570a7c32ac7cc922aaca0?s=96&d=mm&r=g","caption":"Leon Harris"},"url":"https:\/\/mergeacq.com\/author\/leonhar\/"}]}},"_links":{"self":[{"href":"https:\/\/mergeacq.com\/wp-json\/wp\/v2\/posts\/265"}],"collection":[{"href":"https:\/\/mergeacq.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mergeacq.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mergeacq.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mergeacq.com\/wp-json\/wp\/v2\/comments?post=265"}],"version-history":[{"count":19,"href":"https:\/\/mergeacq.com\/wp-json\/wp\/v2\/posts\/265\/revisions"}],"predecessor-version":[{"id":339,"href":"https:\/\/mergeacq.com\/wp-json\/wp\/v2\/posts\/265\/revisions\/339"}],"wp:attachment":[{"href":"https:\/\/mergeacq.com\/wp-json\/wp\/v2\/media?parent=265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mergeacq.com\/wp-json\/wp\/v2\/categories?post=265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mergeacq.com\/wp-json\/wp\/v2\/tags?post=265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}