Mergers, acquisitions seen in manufacturing sector as recession hits factories
Locally and globally, mergers and acquisitions (M&AS) have been on the rise especially in the last decade. The Global Transactions Forecast (Forecast) issued by Baker Mckenzie revealed that in 2016, when the Nigerian economy experienced recession, M&ÂS in Nigeria was valued at $11.77 billion. In 2017, the deals declined by 59 percent to $4.82 billion. In 2018, it surged to $21.54 billion and dropped to $7.59 billion in 2019. The global law firm forecast that in 2020 and 2021, M& As would reach $6.29 billion and $14 billion respectively.A report on Nigerian M&AS by Deloitte, a multinational pro...
Fiat Chrysler, Peugeot-maker PSA Group set shareholder meetings to approve merger
Shareholders for Fiat Chrysler Automobiles and Peugeot-maker PSA Group are to meet in January to decide whether to approve the proposed merger between the two companies.The companies announced Wednesday they would hold general meetings for their respective shareholders on Jan. 4 “in order to approve the merger of their companies to allow the creation of Stellantis, which will become the world’s fourth largest automobile manufacturer by volume.”Leaders of the companies have previously said they aim to complete the merger by the end of the first quarter.Regulatory approvals have been moving forw...
Detroit Free Press
Rawlings to buy Easton, create baseball and softball giant
TOWN AND COUNTRY, Mo. — Rawlings Sporting Goods Inc. announced on Tuesday it has agreed to buy Easton Diamond Sports, a merger of two of the country’s top softball and baseball sporting goods companies.The companies said the purchase will strengthen both brands, drive product innovation, allow for larger investments, grow talent, and expand customization options for players.“The Easton and Rawlings brands complement each other exceptionally well and will deliver an improved value proposition to all stakeholders, including teams, players, coaches, dealers and associations throughout the industr...
St. Louis Post-Dispatch
Billy Beane could leave Athletics, baseball behind for Fenway financial gig, per report
Trailblazing Oakland A’s executive Billy Beane could leave the organization if his RedBall Acquisition Corp., a special-purpose acquisition company, completes a successful merger with John Henry’s Fenway Sports Group, the Wall Street Journal reports.Because Fenway Sports Group is the principal owner of the Boston Red Sox, MLB could deem the merger a conflict of interest for Beane.The Journal specified that Beane would not take a job heading up the Red Sox front office, instead focusing on the company’s potential for acquiring additional soccer clubs beyond Liverpool, the current European Premi...
The Mercury News
Mergers and acquisitions in India fell to 3-year low in first 9 months
NEW DELHI, NNA- Merger and acquisition (M&A) deals in India fell to a three-year low during the first nine months of this year as investors turned cautious amid uncertainties brought about by the COVID-19 pandemic.According to financial market data provider Refinitiv, the total value of transactions fell 1.5 percent to $68 billion, the lowest since 2017. The number of deals also decreased by 14.4 percent year-on-year.Domestic deals were worth more than half the size, totalling $32.3 billion. Inbound transactions came up to $28.4 billion while outbound ones amounted to $3.3 billion.“As the disr...
NNA Business News
Mergers and acquisitions uptick seen in foreign influx from China
Mergers and acquisitions uptick seen in foreign influx from ChinaIan Nicolas Cigaral(Philstar.com) – September 8, 2020 – 6:48pmMANILA, Philippines — Foreign investors looking to establish footprint outside China are set to partner with local firms, setting the stage for more mergers and acquisitions (M&A) this year and the next.The Philippines is seen as one of the 20 leading markets for M&A post-pandemic as Southeast Asia strives to take a larger pie of companies moving out of China to avoid getting in caught by penalties from economic disputes with the US, a report from Euromonitor Internati...