Category Archives: Acquisition

MARRIOTT SELLS NEW YORK’S ST. REGIS HOTEL TO QATAR FOR $310 MILLION

Posted on November 4, 2019 by flpbaruchnewsletter

The Qatar Investment Authority has paid $310 million to acquire the St. Regis hotel on Manhattan’s Fifth Avenue, adding to the Qatar fund’s luxury hotel portfolio. This purchase followed the fund’s purchase of the San Francisco St. Regis from Marriott … Continue reading →

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GOOGLE TO BUY FITBIT FOR $2.1 BILLION

Posted on November 4, 2019 by flpbaruchnewsletter

Google has reached a deal to buy the wearable fitness products company Fitbit Inc. for about $2.1 billion ($7.35 a share), a 19% premium to Fitbit’s closing price Thursday and a more than 70% premium from last week before deal … Continue reading →

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United Technologies-Raytheon Merger Approved

Posted on October 14, 2019 by flpbaruchnewsletter

United Technologies’ (UTC) merger with Raytheon took an important step in the right direction on Friday with shareholders of both companies overwhelmingly voting in favor of the deal. Originally announced in June, the proposed deal will create Raytheon Technologies Corporation, … Continue reading →

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ABBVIE AND ALLERGAN MERGER

Posted on October 7, 2019 by flpbaruchnewsletter

AbbVie and Allergan’s $63 billion merger is facing increased scrutiny from the Federal Trade Commission. Following outcry from advocacy and union groups, the FTC has issued a second letter to AbbVie and Allergan requesting more information. Advocacy groups claim both … Continue reading →

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Altria Group and Philip Morris End Merger Talk

Posted on September 30, 2019 by flpbaruchnewsletter

Earlier this month the two tobacco giants Altria and Philip Morris were in talks to merge again after their separation in 2008. They wanted to combine their resources to invest in cigarette alternatives; Altria owns 35% of JUUL and Philip … Continue reading →

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Staples To Acquire Essendant in $996 Million Deal

Posted on September 17, 2018 by flpbaruchnewsletter

Staples Inc., an American multinational office supply retailing corporation, on Friday September 14th, announced a definitive agreement to acquire Essendant, formerly known as United Stationers, a national wholesale distributor of office supplies, with consolidated net sales of $5.3 billion. According … Continue reading →

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Disney and Chill

Posted on November 11, 2017 by flpbaruchnewsletter

Disney’s earnings this quarter missed expectations and were down 1% YoY. Revenue also declined 3%, with 3 of Disney’s 4 segments diminishing excluding parks and resorts. Nevertheless, Disney’s share price is up 7% this week. The reason is due to … Continue reading →

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Blocked Connections

Posted on November 11, 2017 by flpbaruchnewsletter

AT&T and Time Warner’s $85 billion merger has been under review for about a year. Disagreements between AT&T and the Justice Department recently erupted. 11 Democratic senators raised Anti-Trust talks claiming AT&T would have “unmatched control of popular content and … Continue reading →

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CVS Health and Aetna Deal Faces Resistance

Posted on November 5, 2017 by flpbaruchnewsletter

With the announcement of CVS Health’s proposal to acquire Aetna, a health insurance company, for $66 billion, investors on both sides are becoming wary of whether or not this deal should be pursued despite CVS’ strong push for the deal … Continue reading →

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Broadcom Ltd. Plans Unsolicited Takeover for Qualcomm Inc.

Posted on November 5, 2017 by flpbaruchnewsletter

On Friday, November 3rd, Broadcom Ltd. announced that it would plan an unsolicited takeover approach to its rival chip maker Qualcomm Inc. The bid was expected to be worth $100 billion in value – it would be paid for with … Continue reading →

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