Mergers

Advertising Merger Volume Is Rising as Shift to Digital Media Drives Strategies

November 10, 2014

Advertising M&A could be back with Publicis Groupe SA’s $3.3 billion agreement last week to buy Sapient Corp. The announcement came six months after Publicis and Omnicom Group Inc. called off the $35 billion merger they announced last year. The Sapient takeover is the third largest pending or completed deal by an advertising firm since

Federal-Mogul Eyes $1.6 Billion Loan Refinancing

January 21, 2014

Federal-Mogul, the auto-parts supplier controlled by billionaire investor Carl Icahn, expects to refinance a $1.6 billion term loan before it matures in December, said CFO Rajesh Shah. Read More

Main Underwriters Buck Consensus on Loan, Bond Returns

January 14, 2014

Most sell-side strategists expect loan returns to beat bonds this year. BAML and JPMorgan disagree. Read More