M&A in the Air

Some interesting M&A deals happening in the last week:

1) Walgreen decided to buy Duane Reade for $1.1B taking over the 257 NYC stores

2) Simon Property is offering $10B for General Growth which, if you remember is going through it's own financial difficulties since last year and is restructuring under bankruptcy protection

3) Metlife's purchase of AIG's foreign life insurance unit for $15B is being held up right now

4) B&N's board has rejected the bid from Ronald Burkle to own 37% of the company

[quote=ihatetaxes]5) Fairfax Financial Holdings, a Canadian insurer, said on Thursday that it has agreed to buy Zenith National Insurance for about $1.3BN.
6) Actavis will now rely entirely on its biggest creditor, Deutsche Bank, for funding the planned takeover of the world's fifth-largest generics maker Ratiopharm. U.S. drug major Pfizer, which until recently was also said to be eyeing Germany's Ratiopharm, appears to have abstained from the decisive round of bids. "The offer from Actavis is the highest so far and is close to 3 billion euros" ($4.12BN).
7)Terra Industries has made a surprising decision to sell itself to Yara International of Norway for $4.1 billion.

http://dealbook.blogs.nytimes.com/category/merger…]

 

No need for sarcasm, I prefer outright insults

----------------------------------------------------------------- “It's all nonsense. Firms use titles to pander to the egos of the employees without giving away the store. If you are getting the money, who cares about the title?"
 
Best Response

OK then, how about actually reading the articles you're summarizing. For instance:

WSJ:
In an interview, Walgreen Chief Executive Greg Wasson said that without the acquisition, "it would have taken us many, many years, through our organic growth model, to gain that type of presence" in New York. He said on an investor call Wednesday that Walgreen would keep the Duane Reade name but decide over time "as to the best and most effective way to harmonize" the two brands.
http://online.wsj.com/article/SB100014240527487034448045750710541224232…

Given that, I can't imagine what, if anything, is really going to change about the facade of New York (at least in the short-term).

 

Good point, I must have missed that

----------------------------------------------------------------- “It's all nonsense. Firms use titles to pander to the egos of the employees without giving away the store. If you are getting the money, who cares about the title?"
 

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