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

Beyond Meat (BYND) Earnings: 4Q23 Key Numbers

Beyond Meat, Inc. (NASDAQ: BYND) reported net revenues of $73.7 million for the fourth quarter of 2023, down 7.8% year-over-year. Net loss was $155.1 million, or $2.40 per share, compared

AAP Infographic: Advance Auto Parts reports net loss for Q4 2023

Automotive parts retailer Advance Auto Parts, Inc. (NYSE: AAP) on Wednesday reported a net loss for the fourth quarter of 2023, compared to profit in the year-ago period. The company

Earnings: eBay’s Q4 2023 sales and earnings beat estimates

E-commerce platform eBay Inc. (NASDAQ: EBAY) on Tuesday reported financial results for the fourth quarter of 2023. Earnings and revenue topped expectations. Fourth-quarter revenues came in at $2.56 billion, compared

Comments

  1. Pingback: Admissions process
  2. Pingback: Academic research
  3. Pingback: Dental Hospital
  4. Pingback: Medication safety
  5. Pingback: ring mma
  6. Pingback: tomate musculation
  7. Pingback: Fiverr Earn
  8. Pingback: Fiverr Earn
  9. Pingback: fiverrearn.com
  10. Pingback: fiverrearn.com
  11. Pingback: endopump
  12. Pingback: french bulldog
  13. Pingback: fiverrearn.com
  14. Pingback: frenchton
  15. Pingback: bernedoodle diet
  16. Pingback: seo in Qatar
  17. Pingback: Seo marketing
  18. Pingback: jewelry kay
  19. Pingback: clima fresno
  20. Pingback: frenchie colors
  21. Pingback: future university
  22. Pingback: future university
  23. Pingback: drip bucket hat
  24. Pingback: FiverrEarn
  25. Pingback: fue
  26. Pingback: french bulldog
  27. Pingback: Lean
  28. Pingback: Piano service
  29. Pingback: Piano restorations
  30. Pingback: FUE
  31. Pingback: FUE
  32. Pingback: FUE
  33. Pingback: Move planning
  34. Pingback: Classic Books 500
  35. Pingback: FiverrEarn
  36. Pingback: FiverrEarn
  37. Pingback: FiverrEarn
  38. Pingback: FiverrEarn
  39. Pingback: FiverrEarn
  40. Pingback: Coach
  41. Pingback: FiverrEarn
  42. Pingback: partners
  43. Pingback: FiverrEarn
  44. Pingback: FiverrEarn
  45. Pingback: live sex cams
  46. Pingback: FiverrEarn
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: FiverrEarn
  53. Pingback: what is seo
  54. Pingback: website builder
  55. Pingback: website builder
  56. Pingback: Kuliah Termurah
  57. Pingback: cheap sex cams
  58. Pingback: canine probiotics
  59. Pingback: live sex cams
  60. Pingback: live sex cams

Comments are closed.

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