mergersacquisitions
Carlyle Group Inc. is set to make a significant move in the automotive industry with its $1.5 billion acquisition of Worldpac from Advance Auto Parts Inc. This deal represents Carlyle’s first major industrial investment in over two years, underscoring its strategic focus on the automotive sector’s resilience. Worldpac, a prominent wholesale distributor of original equipment replacement parts, generated $2.1 billion in revenue for the year ending June 30, 2024. The acquisition aligns with Carlyle’s strategy of investing in sectors that demonstrate enduring demand, particularly as vehicles age a...
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Zomato has announced it will acquire Paytm’s entertainment and ticketing business for Rs 2,048 crore ($244.2 million), marking a significant move in its strategy to diversify beyond food delivery and strengthen its presence in the lifestyle services market. The deal, approved by both companies on August 21, underscores a strategic shift for both Zomato and Paytm, each seeking to optimize their business models in an evolving market landscape. For Zomato, the acquisition is part of a broader effort to expand into the ‘going-out’ segment, a market that encompasses dining, entertainment, and socia...
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The potential merger between Alimentation Couche-Tard Inc., owner of Circle K, and Seven & i Holdings Co., the parent company of 7-Eleven, has captured the attention of investors, leading to a surge in Seven & i Holdings’ stock. However, despite the excitement, significant challenges lie ahead that may prevent the merger from coming to fruition. Bryan Gildenberg, Managing Director at Retail Cities, warns that the proposed deal is likely to face intense regulatory scrutiny, particularly in the United States and Japan. Circle K, 7-Eleven deal to capture 12.3% of US marketThe combination of Circl...
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Seven & i Holdings Co., one of Japan’s leading retail giants, saw its shares soar by 22.7% to ¥2,161 on Monday, marking its largest daily gain on record. The surge followed the announcement that the company had received a buyout proposal from Canadian convenience store operator Alimentation Couche-Tard Inc. The offer, valued at an estimated ¥5 trillion ($34.3 billion), could potentially become the largest foreign takeover in Japanese history. Potential for a major shift in Japan’s retail landscapeThe proposal, described by Seven & i as “confidential and preliminary,” is currently under review ...
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Mars, the global family-owned confectionery giant known for brands such as M&M’s and Snickers, has announced its acquisition of Kellanova, the maker of Cheez-It and Pringles. The deal, valued at approximately $36 billion, is set to become the largest transaction in the packaged food industry. Mars pays 33% premium for KellanovaMars will pay $83.50 per share in an all-cash transaction, representing a 33% premium over Kellanova’s closing price on August 2. This acquisition marks a significant expansion of Mars’ portfolio, bringing together a diverse range of consumer brands under one roof. Kella...
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KeyCorp (NYSE: KEY) saw its stock price surge approximately 18% today following an announcement that the Bank of Nova Scotia (NYSE: BNS) will invest $2.8 billion for a minority stake in the financial services company. This significant move is set to reshape the landscape for both banks, offering new strategic opportunities. Chris Gorman, KeyCorp’s CEO, highlighted the importance of the investment during an appearance on CNBC’s “Money Movers.” He described the deal as providing “strategic latitude” for KeyCorp, which will use the funds to enhance its balance sheet and advance its financial posi...
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Indian billionaire Sunil Bharti Mittal’s Bharti Enterprises has announced an agreement to purchase a 24.5% stake in BT Group from Patrick Drahi’s Altice, marking a significant investment in the UK telecoms giant. The deal is seen as a vote of confidence in BT Group and the broader UK market, as Mittal, a prominent figure in India’s telecommunications industry, aims to bring his experience and long-term vision to the table. Bharti’s strategic investment in BT GroupBharti Enterprises, through its international investment arm, will acquire 10% of BT’s shares immediately, with plans to purchase th...
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The UK Competition and Markets Authority (CMA) has announced its intention to review the proposed $35 billion acquisition of Ansys by Synopsys. This review comes amid growing concerns about market consolidation and competition within the global chip design software sector, a critical area for technological innovation and advancement. CMA’s review focuses on competition impactThe CMA’s scrutiny of the Synopsys-Ansys deal highlights increasing regulatory attention on high-tech mergers. Synopsys, a prominent player in chip design software, unveiled its plans to acquire Ansys in January. The merge...
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Bill Ackman’s Pershing Square Capital Management is exploring a major acquisition, targeting Howard Hughes Holdings Inc (NYSE: HHH) with plans to take the real estate firm private. Ackman aims to acquire the remaining 62% of Howard Hughes that Pershing Square does not currently own. The valuation of this potential deal remains undisclosed, but the news has already had a positive effect on Howard Hughes’ stock, which has risen nearly 5% this morning. Howard Hughes has experienced a challenging yearThe move comes at a pivotal moment for both Pershing Square and Howard Hughes. The latter has expe...
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Saudi Aramco has agreed to purchase a 22.5% stake in the petrochemical joint venture Petro Rabigh from Japan’s Sumitomo Chemical for $702 million, as announced in a joint statement on Wednesday. Aramco and Tokyo-headquartered Sumitomo Chemical currently own 37.5% of shares in Petro Rabigh, which was listed on the Saudi Exchange in 2008. Upon completion of the transaction, which is priced at SAR7 per share, Aramco will become Petro Rabigh’s largest shareholder with an equity stake of approximately 60%, while Sumitomo Chemical will retain an equity stake of 15%. Deal to help Aramco’s downstream ...
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