Remarrying the Ex and Other M&A Musings

November 9, 2015

BY JOHN E. MORRIS, BLOOMBERG BRIEF EDITOR It’s hard to avoid marital metaphors discussing last week’s deals. In category 1, we have “breaking up seemed like a good idea at the time, but circumstances have changed.” That was the story behind last week’s two biggest deals: the $18 billion recombining

Traffic Congestion on the Road to Consolidation

July 27, 2015

BY JOHN E. MORRIS, BLOOMBERG BRIEF EDITOR Last year it happened in media and telecoms. This year it’s health insurance: Two mergers that would fundamentally alter the industry landscape are headed to their antitrust reviews together. That gives regulators a chance to rule in a broader industry context. It also

‘Crisis? What Crisis?’ Midstream Companies Say

July 20, 2015

BY JOHN E. MORRIS, BLOOMBERG BRIEF EDITOR We hear a lot these days about the carnage looming in the upstream, production end of the oil and gas business. Meanwhile, the midstream sector — the folks that pipe oil and gas from wells to refiners, store it and process it —

Activists Alter Boards’ Agendas, Prompt Strategic Discussions, Survey Says

February 18, 2015

  Bloomberg Brief editor John Morris charts how Corporate boards are giving more attention to issues that activists have raised in their campaigns. Click here to read his full article.

Pfizer-Hospira Sets Pace for Pharma M&A

February 9, 2015

This chart was taken from the Bloomberg Brief Mergers Newsletter. To take a complimentary 30 day trial click here. 

Cypress Semiconductor Aims for Scale, Cost Cuts With Spansion Takeover

December 8, 2014

Cypress Semiconductor Corp.’s $1.6 billion deal on Dec. 1 for Spansion Inc. showed both the need and the likely benefits of consolidation in the semiconductor industry. Cypress, like many smaller chipmakers, has lowered costs and raised dividends since 2005. This modestly raised its valuation multiple. The deal could further enhance Cypress’s cost profile due to benefits

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