All Posts Tagged With: "mergers and acquisitions"
Anheuser-Busch InBev has announced that roughly 3 percent of its combined workforce will be cut after the acquisition of rival SABMiller is completed. That would total about 5,500 jobs, based on both companies’ current workforce rolls. SABMiller employs some 70,000 people and AB InBev more than 150,000. The company expects the potential job losses to […]
Anheuser-Busch InBev (NYSE:BUD) raised its bid for rival brewer SABMiller in an attempt to quash investor dissent. In the light of exchange rate volatility and market movements, the company raised its bid to 45 pounds a share, up from 44 pounds in October. AB InBev said the revised terms were final. Under British law, that […]
Medtronic Plc. (NYSE:MDT) has announced its intentions to buy HeartWare International Inc. (NASDAQ:HTWR) for about $1.1 billion. Medtronic will pay $58 a share in an all-cash transaction, according to a statement made on Monday. Both boards unanimously approved the deal, which is expected to close during its second quarter, which ends on Oct. 28. The […]
Wal-Mart Stores Inc. (NYSE:WMT) has announced its intentions to sell its online business in China to JD.com, the country’s largest e-commerce site when measured by revenue and second largest by market share. As part of the deal, JD.com will control the brand, website and app for e-commerce platform Yihaodian, and Wal-Mart will retain the subsidiary’s […]
Samsung (SSNLF) has announced that it will purchase Joyent, an 11-year-old company that is a cloud provider and container pioneer. According to a statement from the companies, Joyent will operate as an independent subsidiary within Samsung and will use Samsung’s global reach to acquire additional clients. Several of Joyent’s key executives will join Samsung’s executive […]
In a joint statement, Microsoft (NASDAQ:MSFT) and LinkedIn (NYSE:LNKD) announced that the networking site would be acquired by the tech titan in an all cash deal worth $26.2 billion. The terms of the deal value LinkedIn at $196 per share. That’s considerably higher than Friday’s closing price of $131.08. The deal is expected to close […]