Tag: synergies

New Oxygen for Air Liquide: Airgas to be acquired for $13.4bn

AirLiquide; Market Cap: $39.84bn (as of 20/11/15) Airgas; Market Cap: $10.00bn (as of 20/11/15)   Introduction On November 17, the French industrial gases specialist Air Liquide announced it had reached an agreement to acquire the U.S. supplier Airgas for a total consideration of $13.4bn, including debt. The deal would create the largest industrial gases supplier. […]

AbbVie’s back on track, but at what price?

AbbVie Inc.; market cap (as of 06/03/2015): $88.7bn Pharmacyclics Inc.; market cap (as of 06/03/2015): $19.3bn Introduction On March 4, the pharmaceutical company AbbVie, outbidding the competitor Johnson & Johnson, agreed to buy the cancer biotech company Pharmacyclics in a $21bn transaction. The Chicago based company will pay $261.25 per share to buy the company […]

Valeant, the serial pharma dealmaker cuts again

Valeant Pharmaceuticals International, Inc.; market cap (as of 26/02/2015): US$76.68bn Salix Pharmaceuticals, Ltd.; market cap (as of 26/02/2015): US$10.07bn     Introduction The pharmaceutical industry has undergone an intense period of consolidation in the past 18 months which is far from over as the big players take advantage of the cheap credit to acquire the […]

M&A activity back in the Insurance sector: Aviva to acquire Friends Life

Aviva plc; market cap (as of 27/11/2014 ): £14.96bn Friends Life Group; market cap (as of 27/11/2014): £5.21bn Introduction On November 24, Aviva plc, a multinational insurance company headquartered in London, reached a preliminary agreement to acquire its British rival Friends Life Group, the 5th largest life and pensions company in the UK by market […]

PayPal finally “cuts the cord”: Icahn’s dream comes true

eBay Inc, Market Cap (as of 03/10/2014): $67.46bn On September 30, John Danahoe, president and CEO of eBay, revealed the intention to spin-off its payments arm PayPal into a publicly traded company by the end of the next year. The CEO pointed out that, although both companies are already two great businesses and leaders in […]

M&A Viagra: Pfizer-AstraZeneca and the healthcare industry

Pfizer Inc, Market Cap (as of 23/05/2014): $188.37bn AstraZeneca PLC, Market Cap (as of 23/05/2014): $91.78bn In its bid for AstraZeneca, Pfizer, the famous Viagra producer, failed to make a satisfactory offer and turned the potential biggest foreign takeover in UK corporate history into failure. It all happened on May 19 when AstraZeneca PLC Board […]

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