Tag #Merger

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zeit.de

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Sep 17, 13:19

Unicredit Increases Commerzbank Stake to 29%, Faces Potential Takeover Bid

Unicredit, now Commerzbank's largest shareholder, has increased its stake to 29%, prompting concerns in Germany about a potential hostile takeover, while Commerzbank remains focused on its independent growth strategy.

Unicredit Increases Commerzbank Stake to 29%, Faces Potential Takeover Bid

Unicredit, now Commerzbank's largest shareholder, has increased its stake to 29%, prompting concerns in Germany about a potential hostile takeover, while Commerzbank remains focused on its independent growth strategy.

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What is the immediate impact of Unicredit's increased stake in Commerzbank?

Unicredit's acquisition of a 29% stake in Commerzbank elevates it to the position of the largest shareholder, surpassing even the German government's holding. This triggers speculation about a potential full takeover bid, as regulations require an offer to other shareholders if the 30% threshold is surpassed.

zeit.de

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Sep 13, 10:16

German Metalworkers' Union Demands Tariff Protection Amidst Potential Lürssen Shipyard Takeover

Amidst potential takeover talks of Lürssen's naval shipbuilding division (NVL) by Rheinmetall, the IG Metall union demands the preservation of existing collective bargaining agreements, citing concerns over job security and varying tariff models across NVL's sites.

German Metalworkers' Union Demands Tariff Protection Amidst Potential Lürssen Shipyard Takeover

Amidst potential takeover talks of Lürssen's naval shipbuilding division (NVL) by Rheinmetall, the IG Metall union demands the preservation of existing collective bargaining agreements, citing concerns over job security and varying tariff models across NVL's sites.

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What are the broader implications of this situation, and what role should the German government play?

The situation highlights the potential challenges of consolidating Germany's naval shipbuilding industry. The union's call for government involvement reflects concerns about maintaining national industrial capacity and worker rights within the defense sector. The lack of union inclusion in current talks raises further concerns about the process.

cincodias.elpais.com

🌐 75% Global Worthiness

Sep 12, 10:19

BBVA's Takeover Bid for Banco Sabadell: Key Details and Uncertainties

BBVA's takeover bid for Banco Sabadell, initially proposed in May 2024, is currently underway, with a deadline of October 7th, potentially extending to November 17th, contingent upon shareholder acceptance and regulatory approvals.

BBVA's Takeover Bid for Banco Sabadell: Key Details and Uncertainties

BBVA's takeover bid for Banco Sabadell, initially proposed in May 2024, is currently underway, with a deadline of October 7th, potentially extending to November 17th, contingent upon shareholder acceptance and regulatory approvals.

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What are the potential implications of BBVA's actions for investors and the broader market?

The possibility of BBVA raising its offer, or the potential for a mandatory secondary offer if BBVA acquires more than 30% of Sabadell, creates opportunities for arbitrage by opportunistic funds. The uncertainty also impacts Sabadell's share price, influenced by its economic prospects and upcoming dividend payment.

dailymail.co.uk

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Sep 10, 01:18

Anglo American Relocates HQ to Canada After $40 Billion Merger

Anglo American, a FTSE 100 mining giant, will move its headquarters from London to Vancouver after a £40 billion merger with Canadian firm Teck Resources, creating the world's fifth-largest copper producer.

Anglo American Relocates HQ to Canada After $40 Billion Merger

Anglo American, a FTSE 100 mining giant, will move its headquarters from London to Vancouver after a £40 billion merger with Canadian firm Teck Resources, creating the world's fifth-largest copper producer.

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How does this merger impact the broader mining industry?

This merger, the second-largest in the sector's history, signals further consolidation within the mining industry, particularly in the copper sector. Analysts predict potential counter-offers from rivals like BHP and Glencore, driving increased competition and deal-making. The deal follows failed attempts by other firms to acquire either Anglo American or Teck Resources.

elpais.com

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Sep 7, 07:16

BBVA's Acquisition of Sabadell: Projected Job Cuts and Office Closures

BBVA's takeover of Banco Sabadell will result in a restructuring, including potential job losses and the closure of approximately 300 branches, with projected pre-tax savings of €325 million.

BBVA's Acquisition of Sabadell: Projected Job Cuts and Office Closures

BBVA's takeover of Banco Sabadell will result in a restructuring, including potential job losses and the closure of approximately 300 branches, with projected pre-tax savings of €325 million.

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How does the projected restructuring compare to previous major bank mergers in Spain?

While BBVA projects €325 million in pre-tax savings from personnel costs, this is significantly less than previous mergers. CaixaBank's acquisition of Bankia resulted in 6,452 job losses and 1,814 branch closures; Santander's absorption of Banco Popular led to 4,648 job losses and 1,276 closures; and Unicaja Banco and Liberbank's merger caused 2,174 job losses.

elpais.com

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Sep 5, 16:23

BBVA Revises Sabadell Merger Synergy Estimates Due to Government Intervention

BBVA has revised its synergy estimates for its takeover of Banco Sabadell to 235 million euros over three years due to government-imposed restrictions on mergers, job cuts, and branch closures, impacting initial projections of 850 million euros.

BBVA Revises Sabadell Merger Synergy Estimates Due to Government Intervention

BBVA has revised its synergy estimates for its takeover of Banco Sabadell to 235 million euros over three years due to government-imposed restrictions on mergers, job cuts, and branch closures, impacting initial projections of 850 million euros.

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What is the immediate impact of the Spanish government's intervention on BBVA's planned merger with Banco Sabadell?

The government's intervention has forced BBVA to significantly reduce its projected synergies from 850 million euros to 235 million euros over the first three years. This is because the government's conditions prevent BBVA from implementing cost-cutting measures like large-scale layoffs and branch closures, initially planned as key synergy drivers. Consequently, BBVA anticipates zero synergies in 2026.

theglobeandmail.com

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Sep 16, 22:19

Teck-Anglo Merger: $4.5 Billion Canadian Investment & Critical Minerals Focus

Teck Resources and Anglo American's proposed merger promises a $4.5-billion investment in Canadian operations, including critical minerals refining and copper mine development, contingent on federal approval.

Teck-Anglo Merger: $4.5 Billion Canadian Investment & Critical Minerals Focus

Teck Resources and Anglo American's proposed merger promises a $4.5-billion investment in Canadian operations, including critical minerals refining and copper mine development, contingent on federal approval.

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What are the key financial commitments and operational changes proposed by Teck and Anglo's merger?

The merger proposes a $4.5-billion investment in Canadian operations over five years. This includes $750-million for germanium and gallium production, $750-million for developing two B.C. copper mines, and establishing a copper refinery—the first in Western Canada—in Trail, B.C. These plans aim to increase domestic production of strategic minerals and refine materials from Teck's Alaskan zinc mine.

sueddeutsche.de

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Sep 12, 04:15

Paramount Explores Warner Bros. Discovery Acquisition

Paramount, backed by the Ellison family, is reportedly considering a bid for Warner Bros. Discovery, sending WBD's stock up nearly 30 percent, potentially reshaping the American media landscape and placing CNN under the influence of a Trump supporter.

Paramount Explores Warner Bros. Discovery Acquisition

Paramount, backed by the Ellison family, is reportedly considering a bid for Warner Bros. Discovery, sending WBD's stock up nearly 30 percent, potentially reshaping the American media landscape and placing CNN under the influence of a Trump supporter.

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What is the immediate market impact of Paramount's potential bid for Warner Bros. Discovery?

Warner Bros. Discovery's stock surged almost 30 percent following reports of Paramount's bid. This signifies substantial investor confidence in a potential merger and reflects the significant value attributed to Warner Bros. Discovery's assets.

theglobeandmail.com

🌐 85% Global Worthiness

Sep 11, 04:16

Teck Resources Ltd. Sold to Anglo American PLC: A Critical Analysis

Anglo American PLC's acquisition of Teck Resources Ltd., a Canadian critical minerals company, raises questions regarding the deal's timing and structure, particularly given recent Canadian government regulations aimed at preventing such takeovers.

Teck Resources Ltd. Sold to Anglo American PLC: A Critical Analysis

Anglo American PLC's acquisition of Teck Resources Ltd., a Canadian critical minerals company, raises questions regarding the deal's timing and structure, particularly given recent Canadian government regulations aimed at preventing such takeovers.

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What are the potential broader implications of this acquisition for Canada's mining sector and its green economy goals?

The sale raises questions about the effectiveness of Canada's foreign takeover regulations. It potentially diminishes Canada's influence in the global critical minerals market and may signal a weakening of the country's commitment to developing its green economy through domestic companies. The loss of a Canadian mining champion and the primary stock exchange listing are significant disappointments.

forbes.com

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Sep 10, 04:19

Dick's Sporting Goods Acquires Foot Locker for $2.4 Billion

Dick's Sporting Goods finalized its acquisition of Foot Locker this week for $2.4 billion, creating a retail giant with over 3,200 stores across 20 countries and aiming to revitalize Foot Locker's struggling performance.

Dick's Sporting Goods Acquires Foot Locker for $2.4 Billion

Dick's Sporting Goods finalized its acquisition of Foot Locker this week for $2.4 billion, creating a retail giant with over 3,200 stores across 20 countries and aiming to revitalize Foot Locker's struggling performance.

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What are the potential long-term risks and challenges for the combined entity?

Foot Locker's reliance on markdowns poses a risk to profit margins. The rise of new brands and the continued pressure from discount retailers present ongoing challenges. Successfully integrating Dick's omnichannel strategies into Foot Locker's operations will be crucial for long-term success.

cincodias.elpais.com

🌐 75% Global Worthiness

Sep 6, 01:19

BBVA's Takeover of Sabadell: Unexpected Accounting Cost

BBVA's offer to acquire Banco Sabadell, opening on Monday, now faces a 477 million euro positive goodwill, a shift from initial projections of negative goodwill, impacting future results despite no cash outflow.

BBVA's Takeover of Sabadell: Unexpected Accounting Cost

BBVA's offer to acquire Banco Sabadell, opening on Monday, now faces a 477 million euro positive goodwill, a shift from initial projections of negative goodwill, impacting future results despite no cash outflow.

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How has the valuation of the deal changed over time, and what factors contributed to this change?

The projected goodwill has changed drastically. Initial estimates showed a 2.134 billion euro gain. This decreased to 1.023 billion in September, 672 million in October, and then increased to the current 477 million in February, primarily due to fluctuating stock prices of both BBVA and Sabadell. The rising stock prices increased the implied price of the acquisition, converting badwill into goodwill.

welt.de

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Sep 4, 16:18

MFE acquires majority stake in ProSiebenSat.1

MediaForEurope (MFE), led by Pier Silvio Berlusconi, acquired a 75.61% stake in ProSiebenSat.1, the second-largest private television group in Germany, exceeding the 75% threshold after acquiring PPF's 15.7% share and further shares in a secondary offering period.

MFE acquires majority stake in ProSiebenSat.1

MediaForEurope (MFE), led by Pier Silvio Berlusconi, acquired a 75.61% stake in ProSiebenSat.1, the second-largest private television group in Germany, exceeding the 75% threshold after acquiring PPF's 15.7% share and further shares in a secondary offering period.

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How does this acquisition fit within MFE's broader strategic goals?

This acquisition is part of MFE's plan to build a large European broadcaster encompassing its existing holdings in Italy and Spain, aiming for significant cost savings through synergies across the combined group's operations.

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