Mergers and acquisitions – topics gastroenterologia o que trata

Comcast says it’s readying a superior bid to Disney’s for 21st Century Fox assetsComcast Corp. on Wednesday confirmed that it is considering a move to thwart the $52.4 billion assets deal struck between 21st Century Fox Inc. and the Walt Disney Co. by swooping in with a bigger offer of its own. The owner of NBC Universal said it is in advanced stages of preparing a superior bid. "Any offer for Fox would be all-cash and at a premium to the value of the current all-share offer from Disney," the company said in a statement. "The structure and terms of any offer by Comcast, including with respect to both the spin-off of ‘New Fox’ and the regulatory risk provisions and the related termination fee, would be at least as favorable to Fox shareholders as the Disney offer." Disney has agreed to buy Fox assets, including its film and TV studios and international pay-TV properties, but excluding the Fox News channel, Fox Business Network, Fox Broadcasting Co. and certain other assets. Comcast shares fell 1.6% in premarket trades on the news, while Fox rose 0.3% and Disney slid 0.6%. S&P 500 futures were down 0.7%.

Fifth Third‘s stock tumbles as high price of MB Financial buyout turns Instinet analyst bearishShares of Fifth Third Bancorp tumbled 8.2% in afternoon trade Monday, putting them on track for the biggest one-day selloff in two years, after . in a $4.7 billion deal pushed Instinet analyst Bill Carcache to turn bearish. Carcache cut his rating to reduce, after being at neutral since January 2017, and slashed his stock price target to $31 from $36, as he said the deal represents a "painful blow" to Fifth Third’s existing shareholders. "At issue, in our view, is the high cost of the [MB Financial] acquisition," Carcache wrote in a note to clients. The deal is financed 90% with Fifth Third stock and just 10% with cash. Carcache said the fact that Fifth Third is using its shares, which trade at 11.8-times next-12-month (NTM) earnings per share (EPS), as currency to acquire a target that trades at 14.7-times NTM EPS, shows the high cost will be borne by Fifth Third shareholders. MB Financial shares ran up 12.5%. Over the past three months, Fifth Third’s stock has lost 7.8%, MB Financial shares have rallied 17.2%, the SPDR S&P Regional Banking ETF has gained 2.4% and the S&P 500 has tacked on 1.2%.

Carl Icahn files suit against AmTrust and Zyskind/Karfunkel families over going-private dealActivist investor Carl Icahn said Monday he has filed a suit against insurer AmTrust Financial Services Inc. , Chief Executive Barry Zyskind and board members George Karfunkel and Leak Karfunkel, and said their plan to take the company private disadvantages the public shareholders. The deal "undervalues the company and is happening at the wrong price and at the wrong time," Icahn said in his complaint. "The deal price of $13.50 per share is less than half what AmTrust was trading for in early 2017."The company and the Zyskind/Karfunkel families have "manipulated the record date," which could tilt the deal in their favor, he said. He urged a Delaware court to judge the deal under the "entire fairness" standard, instead of the less stringent "business judgement" standard. In a letter to AmTrust last week, Icahn said the Karfunkel and Zyskind families, which control the New York workers’ compensation insurer, are "blatantly taking advantage" of the company’s minority shareholders. Shares were up 1% Monday, but have gained 38% in 2018, while the S&P 500 has gained 2%.

GE’s transportation unit to merge with Wabtec in a deal valued at $11.1 billionShares of General Electric Co. surged 2.0% in premarket trade Monday, after the industrial conglomerate agreed to merge its GE Transportation unit with rail operator Wabtec Corp. in a deal valued at $11.1 billion. Wabtec’s stock was indicated up over 1%. Under terms of the deal, GE will receive $2.9 billion in cash at closing, and its shareholders will received a 50.1% ownership interest in the combined company. As part of the deal, GE will sell a portion of GE Transportation to Wabtec, complete the spin-off of a portion of GE Transportation to GE shareholders, then merge GE Transportation with a wholly owned subsidiary of Wabtec. Once closed, GE shareholders will own 40.2% and GE will own 9.9% of the merged company. over the weekend, that GE was close to a deal to sell GE Transportation in a deal that could be valued at more than $20 billion. GE’s stock had dropped 14.2% year to date through Friday, while Wabtec shares had climbed 16.9% and the Dow Jones Industrial Average had slipped less than 0.1%.

Williams Companies’ stock jumps after $10.5 billion deal to buy Williams Partners common sharesShares of Williams Companies shot up 5.8% in premarket trade Thursday, after the natural gas infrastructure company announced a deal to buy the outstanding common shares of Williams Partners LP in a deal valued at $10.5 billion. Under terms of the deal, Williams will exchange 1.494 of its shares for each Williams Partners share. Based on Wednesday’s stock closing prices, that values Williams Partners shares at $40.89 each, or a 6.4% premium. Williams said the deal will immediately add to cash available for dividends, retain significant distributable cash flow coverage, extends the period for which Williams is not expected to be a cash taxpayer through 2024 and provides modest savings. It will also give Williams Partners an investment grade profile. Williams Partners shares were still inactive in premarket trade. Williams stock has dropped 10.2% year to date through Wednesday, while Williams Partners shares have slipped 0.9%, the SPDR Energy Select Sector ETF has climbed 7.3% and the S&P 500 has gained 1.8%.

Oracle buys to boost big data analytics offeringsOracle Corp. said Tuesday it will acquire privately held, a data analysis company, for an undisclosed amount. Oracle said the acquisition will allow it to provide customers with a single data science platform, leveraging Oracle Cloud Infrastructure and its sofware-as-a-service and platform-as-a-service offerings. "Every organization is now exploring data science and machine learning as a key way to proactively develop competitive advantage, but the lack of comprehensive tooling and integrated machine learning capabilities can cause these projects to fall short," said Amit Zavery, EVP of Oracle Cloud Platform. "With the combination of Oracle and, customers will be able to harness a single data science platform to more effectively leverage machine learning and big data for predictive analysis and improved business results." Oracle’s was indicated up about 0.3% in premarket trade. It has slipped 1.0% year to date through Monday, while the S&P 500 has gained 1.4%.