LVMH – Tiffany
Google – Fitbit
In early November, Alphabet’s (NYSE: GOOGL) subsidiary Google agreed to acquire Fitbit Inc. (NYSE: FIT) for $2.1 billion. The transaction is expected to close in 2020. The deal could reportedly face probes from the Federal Trade Commission and the Department of Justice due to privacy concerns.
AbbVie – Allergan
In June, AbbVie (NYSE: ABBV) agreed to acquire Allergan for approx. $63 billion in a cash and stock transaction that is expected to close in early 2020. The deal is expected to be 10% accretive to adjusted EPS over the first full year post-closing, with peak accretion of greater than 20%.
Also read: Will 2020 turn out better for GameStop?
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Raytheon – United Technologies
In June, Raytheon Company (NYSE: RTN) and United Technologies Corp. (NYSE: UTX) announced their merger agreement which received shareholder approval in October and is expected to close in the first half of 2020. Upon completion, United Technologies shareholders will own approx. 57% and Raytheon shareholders will own approx. 43% of the combined company.
Bristol Meyers – Celgene
In January, Bristol-Meyers Squibb Company (NYSE: BMY) announced its decision to acquire Celgene Corporation for $74 billion. The acquisition was completed in November and Celgene is now a wholly-owned subsidiary of Bristol-Meyers.