Categories Retail, Technology

Top five merger and acquisition deals of 2019

Every year has its share of mergers and acquisitions and 2019 was no different. Several prominent companies announced their decision to team up with peers in mutually beneficial deals. Let’s take a look at five of the top deals announced this year:

LVMH – Tiffany

In late November, Tiffany & Co. (NYSE: TIF) announced that LVMH Moet Hennessy Louis Vuitton SE (LVMH) agreed to acquire the luxury jeweler for approx. $16.2 billion. The transaction is expected to close in the middle of 2020.

CREDIT: David Cohen/Unsplash

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?

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.

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips.

Most Popular

Kin Insurance’s strategy is focused on growing in catastrophe-exposed states: CEO Sean Harper

Kin Insurance is a leading insurance technology company specialized in high-risk residential areas. The direct-to-consumer business model and use of advanced technology allow the company to offer affordable pricing without

Infographic: Key highlights from Best Buy (BBY) Q1 2023 earnings results

Best Buy Co., Inc. (NYSE: BBY) reported first quarter 2023 earnings results today. Enterprise revenue dropped to $10.6 billion from $11.6 billion in the year-ago period. Comparable sales were down

AutoZone (AZO) Q3 Earnings: Key financials and quarterly highlights

AutoZone, Inc. (NYSE: AZO) reported third quarter 2022 earnings results today. Net sales increased 5.9% year-over-year to $3.9 billion. Domestic same-store sales increased 2.6%. Net income decreased 0.6% to $592.6 million, while

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top