Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: empanelment :: form 3cd :: cpt :: VAT RATES :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: due date for vat payment :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit
 
 
« Mergers and Acquisitions »
 Mergers & acquisitions: a lesson in cyber-security complacency and reputational ruin
 Notable Mergers and Acquisitions 12/5: (CNSL)/(FRP) (CX) (FDML)
 What is Triggering the Wave of Mergers & Acquisitions in the Indian Internet Space?
 Oil and gas mergers and acquisitions are finally making a comeback
  Mergers: Commission approves acquisition of St Jude Medical by Abbott Laboratories, subject to conditions
 Mergers and Acquisitions: What’s Happening in the OFS Industry?
 Mergers: Commission approves acquisition of St Jude Medical by Abbott Laboratories, subject to conditions
 Prediction: These 8 Companies Will Get Bought in 2017
 Third Quarter Results Show Continued Strength in Mergers and Acquisitions
 Mergers and Acquisitions Modelling 3 Day Course - 23.03.17 - Research and Markets
 Foiled cross-border mergers and acquisitions

A Taylor Swift Moment for Mergers and Acquisitions
June, 24th 2015

The health insurer Cigna brushed off a $47 billion merger proposal from its rival Anthem on Sunday just as the pipeline operator Williams Companies was doing the same to a $53 billion approach from Energy Transfer Equity. All the while, the 25-year-old pop singer renowned for her songs of relationship angst forced Apple to pay up for music. In a seller’s market like this, love isn’t usually unrequited for long.

Companies are chasing each other now like hormone-addled teenagers. Some $1.9 trillion of deals were announced worldwide through early June, a 36 percent rise from a year ago. The pursuits are getting bolder, too, with cross-border bids also on the rise. Along with the aggressive tactics of Anthem and Energy Transfer, the Brazilian meatpacker JBS traversed nearly 6,000 miles of the Atlantic Ocean over the weekend to buy the British poultry producer Moy Park for $1.5 billion.

Suitors are putting on a show of bravado. There have been $250 billion of unsolicited or hostile deals announced so far this year, accounting for more than 12 percent of all activity in mergers and acquisitions, according to Thomson Reuters data. Over the last two decades, the rate was higher only in the exuberant 1999.

The high school nature of current corporate mergers is further evidenced by a FOMO mentality, or a “fear of missing out.” As industries consolidate rapidly, failing to move fast enough could exclude one participant. In health insurance in the United States, for example, Cigna — along with Aetna — wants to hook up with Humana, even as Anthem pursues Cigna. A similar frenzy is occurring in pharmaceuticals, where Teva Pharmaceutical Industries desires Mylan, while Mylan seeks Perrigo.

Forlorn deal makers could fill a Swift box set. As the songstress herself showed this weekend, prey have the upper hand. Apple quickly reversed itself on a royalty payment plan after Ms. Swift threatened to yank her hit album “1989” from the company’s new streaming service in protest. Corporate buyers with healthy stock prices, abundant cash and access to cheap debt are bound to give in to similar pressures. Many will find, however, that the objects of their desire at too high a price eventually bring nothing but heartache.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions