Top M&A lawyer, Scott Barshay, leaves Cravath to be a global head of mergers and acquisitions for rival law firm Paul, Weiss. Mr. Barshay has been representing big and high-profile clients, including Honeywell, Starwood, and 3G investment firm.
United Technologies Corp, one of the top US aerospace and building systems conglomerate announced a slight drop in its third quarter earnings. According to the report, the United Technologies' income fell to $1.36 billion compared to $1.85 billion in 2014. The company also announced a major restructuring plan that will be carried out before 2016 as a strategy to cut cost and improve company's revenue.
Dell's latest acquisition deal to buyout EMC for $67billion is the biggest merger and acquisition (M&A) deal for the US technology sector in 2015 so far. About $1.68trillion worth M&A deals in the US have been announced year-to-date (YTD). The M&As in 2015 with less than three months left is just short of $1.73trillion, the full-year record level for M&As 15 years ago.
Global cable group Altice is acquiring New York-based Cablevision for $17.7bn including debt. This makes Altice as the fourth largest cable provider in the US. Cablevision's CEO James Dolan will hand over the control to a group of Europeans after the Altice deal. Altice will pay $34.90 a share in cash taking the valuation of Cablevision equity to $9.6bn.
The $37B worth deal of Berkshire Hathaway Inc. with Precision Castparts Corporation, a major aircraft parts supplier of Boeing had encouraged more investors in the aircraft industry. However, Boeing had been delaying its suppliers' M&A contracts.
U.S. stocks rose on Tuesday following back-to-back daily declines, with merger activity more than offsetting market concerns as Greece struggles to avoid a default on its debt.
U.S. stocks climbed more than 1 percent on Monday, rebounding from a sharp decline last week, helped by deal activity in healthcare and a bounce in energy shares.
Yamana Gold Inc offshoot Brio Gold has big plans for 2015 that could include a public listing and acquisitions of modest assets, possibly from big miners who are selling non-core operations, Brio Chief Executive Gil Clausen said on Sunday.
Samsung Electronics Co Ltd aims to use its $56 billion cash pile to fund growth including acquisitions, the tech giant's investor relations chief said, even as more shareholders clamor for bigger dividends.
Li Ka-shing's hectic start to 2015 has meant record Asia M&A, loan and equity deals so far this month - good news for investment bankers close to the 86-year-old Hong Kong tycoon's empire.
Low borrowing costs, currency shifts and the hunt for both cost savings and growth opportunities will drive a steady flow of merger and acquisition deals this year despite geopolitical tensions, according to business leaders meeting this week.
Mergers and acquisitions activity in Brazil this year is likely to have a performance similar to last year's even if sluggish growth further weighs down confidence in Latin America's largest economy, a senior Credit Suisse Group AG dealmaker in the country said.
Last year was an ugly one for the U.S. energy sector, and while the first trading day of 2015 pointed to continued weakness in oil, investors are starting to look to when the sector might start to recover.
Toshiba Corp will decide during the next business year from April on where to build an additional memory chip plant and will consider overseas locations for the facility, Chief Executive Hisao Tanaka said on Friday.
Chinese financial firms are targeting purchases of distressed banking assets coming on the market in Europe, having been urged by Beijing to expand their reach beyond emerging markets.
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