Alstom saga ends with a “ménage à trois”

General Electric; Market Cap: $299.6bn (as of 06/11/2015) Alstom; Market Cap: $9.06bn (as of 06/11/2015)   Introduction General Electric finally concluded its €9.7bn (about $10.6bn) acquisition of Alstom’s power business after getting the final regulatory approvals. The deal represents GE’s biggest ever industrial acquisition. GE’s offer was accepted by Alstom Read more…

Call of… Candy: Activision Blizzard takes over a “poor King” and bets on mobile gaming

Activision Blizzard; Market Cap: $25.52bn (as of 06/11/2015) King Digital Entertainment; Market Cap: $5.55bn (as of 06/11/2015)   Introduction On November 2, Activision Blizzard agreed to acquire for $5.9b King Digital Entertainment, one of the major players of the mobile gaming industry with its popular Candy Crush Saga. The move Read more…

Tireless Shire: Another Deal in Pharma M&A Wave

Shire PLC; market cap: $28.38bn (as of 06/11/2015) Dyax Corporation; market cap: $5.1bn (as of 06/11/2015)   Introduction On November 2, Dublin-headquartered pharmaceutical company Shire Plc agreed to acquire the Massachusetts-based biopharma company Dyax Corporation for an upfront cash consideration of $5.9bn and an additional $646m payment contingent on the Read more…

The Biggest Bid: Beer – AB Inbev tries again for SABMiller

Ab InBev; Market Cap: €157.9bn ($179.8bn) as of 09/10/2015 SABMiller; Market Cap: £59.7bn ($91.54bn) as of 09/10/2015   Introduction On Wednesday October 7, Anheuser-Busch InBev announced a £65bn ($99.62) offer, or £42.15 per share, for SABMiller, which was swiftly rejected by the UK based company. It was the third bid Read more…

Trouble Flows Downstream: Energy Transfer Equity Follows Consolidation Trend

Williiams (WMB); market cap (as of 02/10/15): $27.63bn Energy Transfer Equity (ETE); market cap (as of 02/10/15): $21.96bn   Introduction On Monday September 28, Energy Transfer Equity (ETE) announced to acquire its rival The Williams Company Inc. (WMB) for c. $37.7bn (assuming $4.6bn of Williams’ debt). This transaction happened in Read more…

Teva Pharmaceuticals Heading to the Emerging Markets

Teva Pharmaceuticals Industries Ltd. (TEVA); market cap (as of 02/10/2015): $51.05bn.   Introduction Following a wave of consolidation in the healthcare industry, Teva Pharmaceuticals Industries Ltd. and Representaciones e Investigaciones Médicas, S.A. de C.V. (Rimsa) announced on October 1 that they have entered into a definitive agreement under which Teva Read more…

The new behemoth in the semiconductor industry: Avago to buy Broadcom

Avago Technologies Limited (AVGO): market cap (as of 25/09/2015): $34.2bn. Broadcom Corp. (BRCM): market cap (as of 25/09/2015): $31.4bn. Introduction Following a wave of consolidation in the semiconductor industry, which culminated last March with the NPX/Freescale $11.8bn deal, on May 27, Avago Technologies Limited and Broadcom Corporation announced that they have entered Read more…

Want a robust quality drug pipeline? – Pay super premium!: Alexion to acquire Synageva in an $8.4bn deal

Alexion Pharmaceuticals Inc.; market cap (as of 09/05/2015): $32.54bn Synageva Biopharma Corp.; market cap (as of 09/05/2015): $7.91bn   Introduction On May 6, 2015, Alexion Pharmaceuticals Inc. (NASDAQ:ALXN), the manufacturer of the world’s single most expensive prescription drug Soliris, and Synageva BioPharma Corp. (NASDAQ:GEVA) have entered into a definitive agreement Read more…