INbyJD 20181114 M&A

Investor Network by JD

As of today, this blog is just for fun blog.  I can still call it a beta as we have not found what we are looking for to provide to our investors.

We launched Investor Network Destinations as a more professional blog with the goal of launching during 1q2019.

URL: http://spvfund.com/

Our goal is networking for results!  Our motto is “Say Provocative statements that intelligent people argue about fast without dotting your I’s and crossing your T’s. As life is all about fun and results!” – JD Morris

OUR PICK FOR THE DAY: “I’m a big believer in fixed-wireless consolidation,” Altice USA’s boss Dexter Goei said at the Morgan Stanley TMT Conference in Barcelona.

OTHER M&A DEALS

** National carrier Garuda Indonesia said it will take over operational control of rival Sriwijaya Group, giving the airlines a majority share of the fast-growing domestic aviation market.

** Two shareholders of Restaurant Group Plc called on the owner of Frankie & Benny’s to cancel its proposed 357-million-pound ($463 million) deal to buy the Wagamama noodle chain.

** Buyout group Cerberus is in exclusive talks with NordLB to take on 2.5 billion euros ($2.8 billion) of non-performing shipping loans that the German public sector lender wants to shed ahead of a planned stake sale, sources close to the matter said.

** An Indian tribunal has ruled that UltraTech Cement Ltd’s more than $1 billion bid for the cement unit of Binani Industries Ltd was valid, UltraTech said.

** Sainsbury’s proposed takeover of Asda would be “extremely detrimental” to consumers, an unidentified major supplier to the supermarket groups has argued in a submission to Britain’s competition regulator.

** Nestle’s Purina PetCare division could cut around 200 jobs in France through voluntary departures and it is also exploring options for its Quimperle plant in Brittany, including a sale, said a Nestle France spokesman.

** Johnson Controls International Plc said it would sell its power solutions business, which makes car batteries, to investment firm Brookfield Business Partners L.P., in a cash transaction valued at $13.2 billion.

** Indonesia’s biggest cement maker Semen Indonesia is buying the local unit of Swiss rival LafargeHolcim for around $917 million, as it seeks to extend its dominant position in Southeast Asia’s largest market.

** Indian conglomerate Tata Sons is in active talks to acquire a controlling stake in Jet Airways, four people aware of the talks told Reuters, in what could potentially be a lifeline for the debt-laden carrier.

** Food services group Elior is looking at separating its concession business, which includes airport catering, as part of a broader plan to boost growth, sending its shares up more than 8 percent.

** AstraZeneca has taken another step to refocus on priority drugs by selling U.S. rights to a treatment for infant lung infections to Swedish Orphan Biovitrum for an upfront fee of $1.5 billion.

** Kellogg Co said on Monday it would reorganize its North American division and explore a sale of its cookies and fruit snacks units, which include brands such as Keebler and Stretch Island, as it sharpens focus on its core businesses.

** U.S. oil refiner HollyFrontier Corp said it would buy privately held specialty hydrocarbons maker Sonneborn for $655 million in cash.

Happy Networking and Investing,

JD Morris
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JD Morris

DISCLAIMER: This is a beta blog.  The information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website or venture capital firm for a press release as this is a beta blog that does not update information.

Pipeline 2017-11-15 & Consolidation

“Roll or be Rolled” – JD Morris

ACTION: Make a list of company you could acquire and list of strategic acquisition for your company.  Almost all companies have made key acquisition to grow and often find their best exits from a strategic buyer.

BOTTOMLINE:  Our Senior Executive Advisors can help you look at the strategy, valuation, and game plan to buy or sell your company ( roll or be rolled).

THROW BACK THURSDAY VIDEO ( Consolidation / LBO ):

 

PIPLELINE – FOCUS M&A 2017-11-15

** Warren Buffett’s Berkshire Hathaway Inc has sold another large piece of its stake in IBM Corp, backing further away from an investment that the billionaire has admitted was not one of his best.

** Airbus SE is close to agreeing a blockbuster order worth more than $40 billion at list prices to sell around 400 aircraft to U.S.-based investment fund Indigo Partners, founded by low-cost airline pioneer Bill Franke, two sources said.

** SL Green Realty Corp, a major New York property owner, said it agreed to sell a 43 percent interest in a Times Square office tower to the real estate arm of Germany’s Allianz Group in a deal that values the building at $1.95 billion.

** Atlantia Chief Executive told the Financial Times that there is room for the Italian infrastructure group to improve its offer on Spain’s Abertis.

** The Vietnamese government aims to complete a stake sale in the country’s biggest brewer Sabeco in December, the trade ministry said, in the clearest signal yet that the long-awaited state divestment might happen this year after repeated delays.

** Legal & General (L&G), the owner of Britain’s biggest fund manager, has staked its claim for a slice of the growing market for exchange-traded funds (ETFs) with a deal to buy Europe-focused platform, Canvas.

** German energy group Innogy will at some point pull out of the planned British retail supply joint venture with SSE, its chief executive said.

** Carlyle Group, the world’s largest private equity firm, is raising $1 billion for a new fund to invest in oil and gas outside the United States as a stronger outlook for oil prices rekindles investor appetite, banking sources told Reuters.

** India’s Edelweiss Financial Services Ltd has launched a share sale to institutions to raise as much as 20 billion rupees ($307 million), according to a deal term sheet seen by Reuters on Wednesday.

** Oil and gas producer SandRidge Energy said on Wednesday it would buy rival Bonanza Creek in a cash-and-stock deal valued at $746 million to expand its presence in the Denver-Julesburg Basin of Colorado.

** U.S. buyout fund Cerberus has taken a 3 percent stake in Deutsche Bank, Germany’s flagship lender said.

** A ruling on Qualcomm Inc’s proposed $38-billion acquisition of NXP Semiconductors NV may come in 2018, European Commissioner for Competition Margrethe Vestager said.

** Shanghai Pharmaceuticals Holding Co has agreed to buy Cardinal Health Inc’s China drug distribution business for $557 million, winning a highly competitive auction in a move that will expand its presence nationwide.

** French facilities management and vouchers group Sodexo is buying Centerplate, a U.S. company that provides food and hospitality services, for $675 million to expand in the U.S. sports and leisure market.

DISCLAIMER:  This information is provided by AP, Bloomberg, Forbes, Fortune,  preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources.  Please check with the company website as this a beta blog and will not be updated.

Happy Networking and Investing,

Investor Network by JD

 

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