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WiseTech Acquires Containerchain For AU$92 Million
Tuesday, February 26, 2019 - 12:00pm | 1018Worldwide customs and logistics software provider WiseTech Global LTD (ASX: WTC) has today announced the acquisition of Containerchain, a provider of shipping container tracking and managing systems for AU$92 million (just over USD$65.8 million) in cash. Containerchain provides a variety of...
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Kerry Logistics, E-Services Group Announce Joint Venture
Monday, February 18, 2019 - 1:34pm | 467Kerry Logistics has entered a joint venture with E-Services Group (ESG) according to a Kerry press release. The joint venture, Kerry ESG, will increase e-commerce fulfillment in Hong Kong, mainland China and Taiwan, as well as the 10 members nations of the Association of Southeast Asian...
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Papa John's Plummets Following Report Trian Is No Longer Interested
Tuesday, November 27, 2018 - 4:16pm | 343Earlier this fall, it appeared as if the third-largest pizza chain in the United States had found its saving grace, when news arose Trian Fund Management LP was exploring a bid on Papa John’s Int’l, Inc. (NASDAQ: PZZA). What Happened Nelson Peltz's Trian, perhaps the most major of...
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The King Of Acquisitions Says M&A Is 'Not In Our Life At The Moment'
Tuesday, April 4, 2017 - 2:06pm | 401CNBC's Mike Santoli made the case that M&A activity is poised to surge throughout 2017. But don't expect Brad Jacobs, the CEO of XPO Logistics Inc (NYSE: XPO), to take part in any deals. According to a Bloomberg report, XPO's business completed more than 500 different transactions over the past...
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Santoli Explains Why A Surge In M&A Activity Is Forthcoming
Monday, March 20, 2017 - 3:43pm | 3622016 may have seemed like a busy year for M&A activity, but it was in fact quite muted. According to CNBC's Mike Santoli, global M&A activity last year was roughly on the same level it was back in 2007. Moreover, as a percentage of global GDP and global market cap, M&A activity last...
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Did Tyson Really Win The Hillshire Takeover Battle?
Monday, June 16, 2014 - 4:43pm | 901With the merger and acquisition market really heating up as of late, the Street has been sending mixed signals to the shareholders of the acquirers. In several instances, the market has looked kindly on the move and rallied the share price of the company being acquired, as well as the share...
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Merger Monday Highlights From The Morning's Announcements
Monday, June 16, 2014 - 3:44pm | 745Some big mergers were announced Monday morning and have been the driving force behind these shares as a result. Medtronic Agreed to Buy Covidien Medtronic (NYSE: MDT) agreed on Sunday to buy Covidien (NYSE: COV) for $42.9 billion. This deal would combine the world's two...
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A Look At How Twitter Could Fund A Nearly $1 Billion SoundCloud Acquisition
Monday, May 19, 2014 - 4:17pm | 460Twitter (NYSE: TWTR) is rumored to be considering the acquisition of SoundCloud, according to the web site Re/code. SoundCloud is a music streaming site with 250 million users, the same amount as Twitter. SoundCloud is worth at least $700 million, based on a $60 million round of funding the...
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Is a Beer Mega-Merger On Tap?
Tuesday, October 29, 2013 - 2:31pm | 601Here's a fact to consider next time you partake in your favorite brewed beverage: about half of the world's beer is produced by just four firms, Anheuser-Busch InBev (NYSE: BUD), SABMiller (OTC: SBMRY), Heineken and Carlsberg. And since Heineken remains under family control and Carlsberg is run...
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Benzinga Market Primer: Tuesday, July 23: Futures Higher on Earnings
Tuesday, July 23, 2013 - 6:35am | 1217Futures Higher On Earnings U.S. equity futures rose on the back of some strong earnings in the U.S. from notable companies including Halliburton (NYSE: HAL) and Texas Instruments (NASDAQ: TXN). As earnings season kicks into high gear this week, expect earnings to continue to drive markets. Top...
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Benzinga Market Primer: Thursday, May 30
Thursday, May 30, 2013 - 6:28am | 1110Futures Slightly Lower After Wall Street Sell-Off, Surge in M&A U.S. equity futures traded slightly lower in early pre-market trade after another sell-off Wednesday despite an upswing in M&A activity. Several deals have been announced this week and the M&A market has remained strong in...
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S&P 1800? Barron's Thinks So
Monday, February 18, 2013 - 10:24am | 716In this weekend's edition of Barron's, the weekly publication points out on the cover of its Market Week section a very curious and interesting statistic that very well could hold the future of this market. If history is correct, stocks could have more than 18 percent of upside from current...
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2013: Year of the Mega Deal
Friday, February 15, 2013 - 8:22am | 757Just one and a half months into 2013 and it already appears as though 2013 will be the year of an M&A boom. Analysts have been calling for a surge in mergers and acquisitions for years now, due to cheap financing rates. However, now that the equity prices have risen to new multi-year highs,...
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Southern Union Shares Jump In Pre-Market After Receiving Acquisition Proposal From Williams
Friday, June 24, 2011 - 7:45am | 103Shares of Southern Union Company (NYSE: SUG) jumped more than 14% in pre-market trading after Williams Companies Inc (NYSE: WMB) offered $4.9 billion in cash for Southern Union, topping a $4.1 billion stock deal with Energy Transfer Equity LP (NYSE: ETE). Williams offered to buy Southern Union...
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Allied World To Buy Transatlantic For $3.2B
Monday, June 13, 2011 - 6:32am | 190Allied World Assurance Co Holdings (NYSE: AWH) agreed to buy Transatlantic Holdings (NYSE: TRH) for $3.2 billion in stock. Transatlantic shareholders will receive 0.88 AWH share each, or $51.10 per share, representing a 16.1% premium over TRH's closing price on Friday. Robert Orlich, President...