1. Search Results

  2. I worked on the Amazon / Whole Foods acquisition — AMA!

    Hi WSO! Since the Amazon /Whole Foods acquisition seems to be the "hot topic of the day", I figured I'd help pay back the community for all the guidance and advice I've received from this forum over the many years. I am one of the empl ...

    43 comments - 21 silver bananas - Oct 5 2017 - 9:27am -

  3. Facebook Agrees to Buy Instagram Photo App for $1 Billion

    From Bloomberg: Facebook Inc. (FB), the world's biggest social-networking service, agreed to buy the Instagram mobile photo-sharing application for about $1 billion in cash and stock, its biggest acquisition yet. The transaction is expected to close ...

    104 comments - 0 silver bananas - Apr 10 2012 - 9:41am -

  4. Priceline Pays $40/share for Kayak, a 29% Premium over Thursday's Close

    Thoughts? This price represents ~32x TTM EBITDA....overpaid or good to buy them now before Kayak eats thier lunch?...not surprisingly, Orbitz up 12% after hours. What is a bit crazy here is the premium paid. I think this is actually a very smart move by P ...

    15 comments - 0 silver bananas - Nov 8 2012 - 7:14pm -

  5. What would you do in this scenario for an acquisition? 25M

    So a quick background on myself: I am in college, but come from a real estate family so these numbers are not "out of reach" as far as this case goes. I came across an offering for $25M deal in retail space. It is in a good part of town with wel ...

    18 comments - 0 silver bananas - Dec 10 2013 - 8:37pm -

  6. what typically happens to stock prices after an acquisition?

    this is coming from someone who is completely new to trading asking for information. i know the answer is "it depends" but from your experiences for a long time what is the normal trend you see? company A buys out company B. company A has been t ...

    14 comments - 0 silver bananas - Oct 10 2016 - 4:46pm -

  7. AM at Top Shop or Acquisitions at Smaller Private Investment Firm?

    .......................................................................................................................................... acquisition ...

    11 comments - 0 silver bananas - May 10 2018 - 11:03am -

  8. REPE: asset management vs acquisition

    Hi folks! I'm very interested in REPE and would like to find out about the perspectives one has within a REPE firm's Asset Management and acquisition division respectively in terms of duties, pay, responsibility and the possibility of becoming a ...

    14 comments - 0 silver bananas - Feb 26 2017 - 10:03pm -

  9. Single Family Homes vs Retail

    I am currently weighing two job offers. One is at a development shop that focus's on shopping centers and STNL properties, the other is in an acquisitions role for single family homes at a tech startup. I see pros and cons to both roles. Would you ch ...

    6 comments - 2 silver bananas - Jan 23 2019 - 7:53pm -

  10. Real Estate Credit Analyst==> Valuation?

    Monkeys,-Long time lurker, first time poster. Some background on me...-Non-target state school 3.55 qpa, Finance major (3.8 gpa), Econ minor (December 2012 grad)-Taking CFA L1 in June I recently accepted an offer at a commercial bank as an RE credit analy ...

    15 comments - 0 silver bananas - Dec 21 2012 - 3:47pm -

  11. Purchase Price Allocation in Real Estate Portfolio Acquisition

    Have a question on purchase price allocation. I have drawn up an example below. Portfolio- 100 industrial buildings- 250 tenants- Average size building 200,000 SF- 20,000,000 SF- Occupancy 95%- Market Rent $0.50 NNN / month- Yr 1 NOI- $114,000,000 ($1.14M ...

    11 comments - 0 silver bananas - Mar 1 2016 - 11:31am -

  12. Local rich guy "looking to buy a couple companies," how could I offer to assist him

    I had a chance to talk very briefly with a friend of a friend of a friend. I'd say he's in his 40s now and was the owner of what sounds like a decent-sized business that he initially inherited and finally sold for a nondisclosed price last year. ...

    17 comments - 0 silver bananas - Jan 6 2010 - 9:30pm -

  13. Is this still considered a LBO?

    Is it still considered a LBO if a public corporate acquires another corporate (private) using 100% debt? I know the term LBO is typically used in the context of a sponsor using a significant amount of leverage to acquire a company, but wasn't sure if ...

    7 comments - 2 silver bananas - Mar 13 2018 - 8:58am -

  14. How to treat target's debt in an acquisition

    So more of an informational thread for newbies like me who have a general idea but not any real experience regarding this. so a company has long term debt of diff forms (senior notes at diff rates at a few hundred million dollars each, convertible notes a ...

    11 comments - 0 silver bananas - Nov 19 2014 - 9:14am -

  15. Purchase Options

    What are the benefits for the buyer and seller, when entering into a purchase option for commercial property? Recently screened a deal between two family offices/boutique investment firms that agreed upon a purchase option for a mixed-use property in Soho ...

    6 comments - 3 silver bananas - Oct 1 2018 - 1:56pm -

  16. Buying REO from Special Servicers

    .................................................................,,,................................. CMBS commercial real estate acquisition ...

    7 comments - 3 silver bananas - Dec 8 2017 - 6:56pm -

  17. Where to find Comparable Transactions

    Hi, Can someone please direct me to a website where I can gather information about Transactions that have happened within the last 12 months? This is for a comp I am running on a Quick service Food company. Thank you, N. mergers acquisition ...

    13 comments - 1 silver bananas - Sep 18 2008 - 1:02pm -

  18. Dodgers Yield 7.3x Revenue Multiple!

    Is this not the highest multiple that you have ever heard of? I haven't gotten to look at the financials, but 7.3x revenue is out of this world. I assume this seems out of place in part because of high margins, but still, how much growth can you real ...

    11 comments - 0 silver bananas - Mar 29 2012 - 9:48am -

  19. KPMG Corporate Finance Info

    I saw a posting for an Associate role in KPMG's Corporate Finance Group. I was hoping to get some information on the group. Does anyone have much info on compensation (including progression), culture, working hours, travel potential, etc. Any informa ...

    6 comments - 2 silver bananas - May 9 2018 - 6:03am -

  20. How to determine if a company has good potential for acquisition?

    Hey guys, I'm an undergrad currently working as an intern in an firm that provides M&A advisory services to select clients, and I've been assigned a task to locate potential acquisition targets in the Southeast Asian market for a client. Now ...

    10 comments - 0 silver bananas - Sep 1 2013 - 5:25am -

  21. New to Argus (AE)- Best Practices

    I am new to CRE and just started working as an analyst for a REPE firm. I have never used Argus before but started using it today. I have a lot of questions and am hoping someone on WSO can help me out. I am working for a small firm in the Midwest and am ...

    6 comments - 1 silver bananas - Jul 11 2017 - 5:40pm -

  22. Comcast Set to Acquire Time Warner Cable for $45 Billion

    http://dealbook.nytimes.com/2014/02/12/comcast-set-to-acquire-time-warner-cable/?module=BlogPost-Title&version=Blog%20Main&contentCollection=Mergers%20&%20Acquisitions&action=Click&pgtype=Blogs&region=Body Massive news. Merger acqu ...

    8 comments - 0 silver bananas - Feb 12 2014 - 11:47pm -

  23. PE acquire any Investment bank?

    Does any one know some successful cases in which PE company or investment related company acquired investment banking(in USA, HK,Singapore,Sweden or Norway) during the previous years, I mean in the previous five years. Thank you acquisition ...

    7 comments - 0 silver bananas - Aug 11 2011 - 3:47am -

  24. Big 4 M&A opportunity

    Hi All, I'm hoping for some advice. I'm currently working in technology consulting revolving around SAP. I had previously worked on a global M&A project, and some of the big4 guys reached out and want me to join their M&A practice. My qu ...

    5 comments - 1 silver bananas - Sep 21 2016 - 11:35am -

  25. Expensive Acquisitions- Intel to Buy Mcafee for $8Bn

    So it's nice to see some big IB deals and capital raises in the headlines. GM's IPO, Intel's acquisition of McAfee and BHP attempting to acquire Potash. GM http://online.wsj.com/article/SB100014240527487036... Intel http://online.wsj.com/ar ...

    6 comments - 0 silver bananas - Aug 19 2010 - 10:44am -

  26. How to note firm was acquired?

    I'm not sure how to note/format this on my resume and would appreciate any help. I was hired by company X. Soon after I started, company Y acquired company X. Who do I list as my employer on my resume? Which should it be? 1) Company X (acquired by Co ...

    5 comments - 0 silver bananas - Jul 19 2012 - 12:07am -

  27. Foxconn acquires ~10% of Sharp

    On March 27, Foxconn agreed to buy roughly 10% of Sharp, in addition to an LCD factory that Sharp lost a sweet chunk on. ...

    5 comments - 0 silver bananas - Mar 29 2012 - 7:16pm -

  28. Need Opinions on SA---Patent IB

    What would you guys think of this description for duties as a summer intern. This is for a unique patent acquisition and valuation firm.... "Among the projects that I could immediately require your assistance. Productization / Marketing launch Assist ...

    5 comments - 0 silver bananas - May 18 2011 - 12:05pm -

  29. Effect of the Acquisition of a Company on the Acquiring Company's Fundamentals

    Is it true that when a company acquires another company then most of its important fundamentals and valuation multiples are at a premium/higher (less favorable) than most of its peers? Also, does the change in the company's fundamentals occur once it ...

    4 comments - 0 silver bananas - Sep 16 2015 - 5:25am -

  30. Modeling a Private Company Acquiring Another Private Company

    I see lots of resources for modeling the acquision of a public company by another public company. But I have seen very little resources for modeling a private co acquiring another private co. Can anyone point to some resources or give a detailed explanati ...

    4 comments - 0 silver bananas - May 6 2015 - 10:55pm -

  31. What to study? Transitioning from brokerage to acquisitions

    Hey guys, Recently, I was able to secure a position at a small retail investment company as a deal guy (I have a basic understanding of how to analyze investment opportunities, but I was wondering if you guys could chime on what I should study before star ...

    4 comments - 0 silver bananas - Feb 18 2015 - 9:55am -

  32. Firepower Analysis- General&Interview question

    1. What is firepower in M&A? 2. How do you calculate the firepower of a company exactly? M&A acquisition Interview question cash firepower ...

    4 comments - 0 silver bananas - Dec 1 2014 - 8:30pm -

  33. Signals for a potential acquisition

    Please share with me any signals or indications that a potential non-public acquisition may be in the works. This might be takeover defense strategies or anything "out there" that may be a signal. Please list out any obvious (open market repurch ...

    4 comments - 0 silver bananas - Sep 16 2010 - 12:41am - Anonymous Monkey

  34. What are the benefits of being acquired by a financial sponsor?

    As opposed to a strategic acquisition ...

    4 comments - 0 silver bananas - Jul 27 2010 - 9:49pm -

  35. On the Road to Acquistions

    I'm planning on leaving my current position in a Big 4 firm after realizing that an internal switch to a more RE transaction focused advisory role would take almost the same amount of time as finding a new job altogether (if not longer). Like everyon ...

    3 comments - 0 silver bananas - Aug 24 2017 - 1:07pm -

  36. Question regarding acquisition of public company

    Hey guys, I have a quick question regarding the acquisition of a public company. This is pretty basic, but one that I never figured out (and probably should ahead of upcoming interviews): Using Softbank's acquisition of Sprint as an example, Softbank ...

    3 comments - 0 silver bananas - Jan 18 2013 - 11:57pm -

  37. Strategic & Acquisition Finance?

    Is an internship in Strategic & Acquisition Finance a good thing to do before an m&a one? Knowing that at the moment, i probably won't find any in m&a (non target school). What about the lifestyle in acquisition finance? The comp for anal ...

    3 comments - 0 silver bananas - Feb 10 2010 - 7:39am -

  38. Blackstone Real Estate London Interviews

    Hello everyone, I have an upcoming interview for the SA program at Blackstone London, they have not specified whether I will be rotating or working in a particular team, so I want to be prepared for anything. What technical questions will they likely ask ...

    2 comments - 1 silver bananas - Apr 30 2018 - 10:03am -

  39. Acquisition Pool

    In a company's investor presentation, I found the company stating that "Current worldwide acquisition pool represents $XXX in revenue" I am very new to this and was just wondering if the company is indicating it is looking towards more acqu ...

    2 comments - 0 silver bananas - Aug 20 2014 - 1:00pm -

  40. If a firm relies on acquisitions then do you make another schedule?

    If a firm has done something like 300 acquisitions since the 1990s and had organic growth in addition to growth through acquisition, then would you make an acquisition schedule or something to make revenue and CapEx projections? I really dont know how can ...

    2 comments - 0 silver bananas - Aug 20 2014 - 12:47pm -

  41. Coty withdraws $10.7bn offer from Avon – Yay or Nay?

    A few months ago Coty and Avon were all over M&A news. Now Coty have withdrawn their offer because of Avon's lack of engagement in discussions. Do you think this was the right thing to do? It was a timeline of 2 months. This seems a bit unreasona ...

    2 comments - 0 silver bananas - May 15 2012 - 10:02am -

  42. Microsoft to Acquire nVidia?

    http://sg.news.yahoo.com/microsoft-pact-nvidia-cou... http://www.rumorpedia.net/microsoft-sets-up-acquis... Interesting move on Microsoft's part. They have no plans to acquire nVidia in the immediate future, but since Windows 8 is launching on ARM, I ...

    2 comments - 0 silver bananas - Jun 4 2011 - 1:11pm -

  43. Process of Banking

    How does a company go about using the services of an investment bank? Do they email an MD? Or do they call a phone number saying they want to use the bank's services? How do they get the ball rolling? Merger Banking acquisition monkey ...

    2 comments - 0 silver bananas - Nov 2 2010 - 10:22pm -

  44. M&A Customer Effect

    If you are a business customer of Adobe (for example) and they get acquired by IBM, does anything change for you as the customer? M&A Merger acquisition ...

    2 comments - 0 silver bananas - Aug 14 2010 - 7:39pm -

  45. Incentive Structure- Deal Acquisition

    In Companies that have incentives on acquisition other than end year bonus, what is the basis of allocation of sourcing incentives (IPO/Sell Side) (for sourcing/acquisition of deals), who all get the incentives? Is it given to the entire team who have wor ...

    1 comment - 1 silver bananas - Jul 30 2018 - 12:34am -

  46. Biotech PE to Healthcare IBD?

    Ladies and gentlemen of WSO, I could really appreciate your input on what you would do in my situation. I'm posting in the investment banking forum because I'm considering trying to lateral to bb / mm ibd from my pe role. If you have other ideas ...

    1 comment - 1 silver bananas - Dec 26 2017 - 8:29pm -

  47. What Is An Acquisition?

    An acquisition is an action by a corporation to assume control of a target firm. This is done by buying either all or most of the target's ownership stakes. Acquisitions can either be friendly (the target firm agrees to be acquired) or hostile (the t ...

    - silver bananas - Apr 23 2012 - 4:10am -

  48. The Walgreen-Rite Aid Merger: Help or More Stagnation?

    Fred's Inc. is proposed to step in and invest in Rite Aid in order to facilitate Rite Aid's merger with Walgreen. But, the merger is once again stalled with the concern that Fred's does not have enough money to buy all of Rite Aid's st ...

    - 0 silver bananas - Apr 6 2017 - 5:57pm -

  49. Comp analysis adjustment for acquisition from 8K

    Hey everyone, New to WSO here. I am doing a comparable company analysis and had a little question. I noticed for one of the comps that an 8K came out since the latest 10q and reported a recent acquisition (all cash transaction). Obviously this will affect ...

    - 0 silver bananas - Mar 18 2017 - 3:40pm -

  50. Wanda Not Buying Dick Clark Anymore?

    Dalian Wanda, the world's largest cinema chain operator based in China, terminated its deal to buy Dick Clark Productions. Since Dick Clark Productions runs the Golden Globes and Miss America competitions, this purchase would ultimately increase the ...

    - 0 silver bananas - Mar 13 2017 - 1:31am -

  51. What are the best acquisitions of 2016?

    After all the talk of AT&T's acquisition of Time Warner, I was wondering: what are some of the best acquisitons of this year thus far? CNBC states Charter Communication's acquisition of Time Warner as especially beneficial: : The merger ...

    - 0 silver bananas - Nov 11 2016 - 7:25pm -

  52. Is Oracle's NetSuite acquisition a good idea?

    As of this week, Fortune reports: : The Oracle $9.3 billion acquisition of NetSuite will officially close on Monday, Oracle said early Saturday morning. After conflict surrounding price negotiations, in which investment firm T Rowe Price claimed that ...

    - 0 silver bananas - Nov 6 2016 - 9:37pm -

  53. Spinning off Twitter

    There have been a multitude of rumors concerning the possible sale of Twitter to a variety of suitors. The underlying problem has been the method of valuing the struggling tech company. This article from Bloomberg highlights one of the many complications ...

    - 0 silver bananas - Oct 14 2016 - 1:47pm -

  54. how much debt could company issue in merger or acquisition

    How much debt could a company issue in merger or acquisition? (from interview prep) The provided answer was as follows; You would use the combined company's LTM (Last Twelve Months) EBITDA figure, find the median Debt/ EBITDA ratio of whatever compan ...

    1 comment - 0 silver bananas - Sep 18 2016 - 11:41am -

  55. How would amortization of intangibles make an acquisition dilutive?

    I understand that logically, if intangible assets are amortized, then the company is going to take a hit to the income statement. But this doesn't happen right away, right? I mean, the company would have to re-asses its assets (like Ebay/Skype) and t ...

    - 0 silver bananas - Nov 15 2015 - 3:50pm -

  56. Acquisition Alchemy: Creating Value from Deals

    By now, it should be no secret that I am not a fan of acquisition-driven growth. I have argued in my previous posts that acquirers often pay too much, that many acquisitions are driven by CEO egos and overconfidence, that M&A bankers are too conflicte ...

    1 comment - 0 silver bananas - Dec 21 2012 - 4:34pm -

  57. Occuleve Acquisition

    What investment bank was involved in Allergan's acquisition of Occuleve? Was there no bank involved at all? It was a pure cash deal. acquisition ...

    - 0 silver bananas - Jul 6 2015 - 4:55pm -

  58. Predicting Burger king buying Tim Hortons?

    On Bloomberg they were talking about how if you follow Warren Buffet you could have predicted the Burger King Tim Hortons move. Can anyone explain? How could you have practically known in advance? Burger King was up 20% and Tim Hortons up 14% from this mo ...

    - 0 silver bananas - Aug 26 2014 - 3:11pm -

  59. Acquisitions

    Suppose i'm reading up on a possible acquisition of company A by company B. Company A is trading at $40 and an acquisition deal has been announced. The deal closes in six months at $45 per share and I currently long 100 shares of company A. Assuming ...

    1 comment - 0 silver bananas - Apr 9 2014 - 6:00am -

  60. BioScrips to be Acquired by Walgreens

    According to multiple sources familiar with the situation, the major national pharmacy company Walgreens (WAG) is in final negotiations to acquire BioScrips(BIOS). The company is looking to expand its platform in Pharmacy Benefit Management (PBM). The mov ...

    - 0 silver bananas - Oct 12 2011 - 11:37am -

  61. Structuring a Private Acquisition

    I am a sophomore in college and looking to break into i-banking next summer in NY. My Father's company is in the process of acquiring a smaller business of the same industry, just in different locations. It is a strategic play to expand the customer ...

    - 0 silver bananas - Jul 28 2010 - 7:44pm -