Seven & i Holdings has rejected Alimentation Couche-Tard’s takeover bid, stating that the proposal does not reflect the company’s true value. They are open to discussions if Couche-Tard presents a proposal that addresses their concerns and recognizes their intrinsic value.
GoodFirms’ latest research explores the impact of mergers and acquisitions on market competition, revealing insights into the most active industries, key drivers behind M&A decisions, and potential benefits and challenges. The survey highlights the role of technology, particularly AI, in shaping the future of M&A transactions.
U.S. Steel has issued a warning that it may be forced to close its steel mills and relocate its headquarters from Pittsburgh if its proposed sale to Japan’s Nippon Steel does not go through. The deal, which faces significant opposition, is crucial for U.S. Steel’s financial stability and the preservation of jobs.
BP Energy Partners (BPEP), a Dallas-based investment firm, has sold MIRATECH Corp., a leading provider of emissions control solutions, to an undisclosed buyer. MIRATECH, a portfolio company of BP Natural Gas Opportunity Partners II, L.P., has achieved significant growth under BPEP’s ownership, expanding its reach across energy, data infrastructure, and marine sectors.
Olon Group, a leading global manufacturer of active pharmaceutical ingredients (APIs), has acquired Huvepharma Italia Srl, further solidifying its position as a key player in the industry. This acquisition adds a ninth manufacturing plant to Olon’s Italian network, bringing the company’s total reaction capacity to 3,250 cubic meters. The move underscores Olon’s commitment to growth and expansion, strengthening its presence in the global API market.
Onyx Renewables, a leading clean energy solutions provider, has appointed Eileen Stone as Senior Vice President of Mergers and Acquisitions. Stone brings extensive experience in renewable energy project financing and portfolio development, having held key positions at Scout Clean Energy and Sage Energy Group, among others. Her expertise will be crucial in driving Onyx’s growth through strategic acquisitions and partnerships.
Microsoft’s gaming division, Xbox, achieved record-breaking revenue in FY24, largely driven by the recent acquisition of Activision Blizzard King. The acquisition contributed significantly to Xbox’s overall growth, but the analysis reveals a more nuanced picture of the Xbox business without Activision.
Boeing has agreed to acquire Spirit AeroSystems for $37.25 per share in Boeing stock, valuing the deal at approximately $8.3 billion. The acquisition includes Spirit’s net debt and involves the divestiture of certain Airbus programs.
Sony Pictures and private equity firm Apollo Global Management have formally expressed interest in acquiring Paramount Global for approximately $26 billion. The move comes as Paramount’s special committee considers rival bids from both Sony-Apollo and Skydance Media. The Sony-Apollo offer values Paramount higher than its current enterprise value of $22 billion and would make Sony the majority shareholder. Paramount’s options include continuing negotiations with Skydance, extending the exclusivity period, or considering the Sony-Apollo proposal. The decision will likely impact the future of Paramount and the entertainment industry as a whole.
Anglo American, a mining giant, has received an unsolicited takeover proposal from BHP, the world’s largest mining company. BHP’s proposal includes the demerger of Anglo’s holdings in Anglo American Platinum and Kumba Iron Ore, addressing the underperforming units that have weighed on Anglo’s performance. Anglo’s portfolio includes attractive assets in copper, iron ore, and potash, which align with BHP’s growth strategy. Anglo shareholders may find the offer appealing, given the company’s recent challenges and BHP’s strong management team. However, the takeover faces potential obstacles, such as unfavorable terms, resistance from Anglo’s shareholders, or competition from other industry players.
