With companies stockpiling enough cash to fill an olympic swimming pool (think Scrooge McDuck from DuckTales), it was only a matter of time before M&A activity heated up.
With management 'feening' for growth not just on the bottom line but also on the top they developed a great idea: LET'S BUY SOME GROWTH!!!
God forbid they should use the cash to hire people; but instead buy companies and then fire some blokes on the 'synergy' gain. Brilliant!
Don't get my wrong, I think now is an excellent time to acquire some companies on the cheap if you have the capital. There is some long-term potential in some of these deals, or not? We'll see. . .
Here is a list of some of the most recent M&A activity:
-Intel to acquire software maker McAfee for $7.7 billion.
-Campbell Soup to make a bid for Britain's United Biscuits for $2.3 billion.
-Hewlett-Packard bid $24 a share in cash for data storage company 3PAR Inc.
-BHP bids for Potash for $39 billion
The list goes on. . . .
So I ask YOU, which is the next company to be buying or be acquired?
Who are the advisers on the Intel / McAphee and HP / 3PAR deals?
GS/MS advised on Intel/McAfee
Hmm no surprises there.
I believe it was dell and 3 par right? Qatalyst advised on that one. Huge win for Frank
dell initially but HP showed up and out bid.
The next big acquisition will be in November when the Republicans reacquire the Congressional majority from the Democrats.
Value: Priceless
Regards
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