Tag Archives: trading

Quindell in talks over possible sale of division

Quindell is exploring the sale of parts of its business, as the UK insurance claim processor attempts to focus on generating cash.

The company has been a target for short sellers that have raised doubts about its business model and have pointed specifically to cash flow as an issue. Quindell said on Friday it had “entered into exclusivity arrangements with a third party in respect of the possible disposal of an operating division of the group”.

Quindell logo

It declined to give details on what part of the company was up for sale, but its main operating divisions include professional services, which contains the main insurance claims business, and digital solutions, which develops products such as telematics for cars that report on vehicle performance.

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Datalogix is important element of Oracle’s acquisition strategy

On December 22, 2014, Oracle (ORCL) announced the acquisition of Datalogix, a provider of digital marketing data as a service (or DaaS). Datalogix connects offline consumer spending data with digital marketing efforts with the goal of tracking advertising, its influence on consumers, and the resultant returns.

Datalogix has more than 650 customers and 1,500 data partners that track $2 trillion in consumer spending. Advertisers and digital media publishers such as Lenovo, Google (GOOG), (GOOGL), Facebook (FB), Twitter (TWTR), Ahold, Kraft (KRFT), and Ford use Datalogix to enhance their media presence. The company provides purchase-based targeting that leads to more revenue generation.

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8-K Filing Shows PCM Enters Agreement With Sarcom Properties To Buy Property For $6.569M

On December 23, 2014, PCM, Inc. (the “Buyer”) entered into an agreement with Sarcom Properties, Inc. (the “Seller”), an unaffiliated third party, to buy certain real property from the Seller for a total cash sales price of $6,569,500 (the “Agreement”). The real property is located at 8337 Green Meadows Drive N., Lewis Center, Ohio and includes approximately 12.4 acres of land together with a building for office and warehouse space of approximately 144,000 square feet (the “Building”). One of our other subsidiaries is currently the tenant of the Building and it is currently being used as our second headquarters, sales office and distribution center. We expect to finance around 70% of the purchase price with a long-term note.

The Buyer is entitled to terminate the Agreement for any reason while it conducts due diligence related to the property during a 30 day period from December 23, 2014 (the “Due Diligence Period”). In addition, the Buyer may extend the Due Diligence Period for further environmental due diligence for an additional 30 days if it determines in its sole discretion that further environmental due diligence is required. However, the Buyer and Seller have agreed to use best efforts to close the transaction no later than January 31, 2015. The Agreement also contains other customary closing conditions to the purchase and sale of the real property.

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Worldwide M&A activity reaches seven-year high

During the first few months of 2014, it quickly became apparent that major companies and corporations across the U.S. were interested in expanding their operations through aggressive mergers and acquisitions. We have reported extensively on many of the most noteworthy complex transactions to be undertaken within the nation, however, it seems that just as many landmark deals have been reached outside of the country, as well.

Global transactions total more than $1 trillion in Q2
In the latest bit of M&A news, the deal volume recorded during the second three-month period of this year has amounted to more than $1 trillion, according to Reuters. This figure marks the largest deal volume observed since the same time in 2007, and represents a significant improvement from the $680 million that changed hands during the first quarter of 2014.

“Companies have strategic imperatives to do deals, they have the cash to do deals, and they can borrow additional cash at record-low rates,” Frank Aquila, a mergers and acquisitions lawyer at Sullivan & Cromwell LLP, told the news source. “It really is a bit of a perfect storm when it comes to dealmaking.”

Multiple mega deals were completed during the second quarter, including agreements between Oracle and Micros Systems, Tyson Foods and Hillshire Brands as well as Sprint and T-Mobile.

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Caesars Entertainment And Caesars Acquisition Soar Amid Merger News

Shares of both companies soared in pre-market trading amid the news, with Caesars Acquisition Company up over 10 percent and Caesars Entertainment up over 26 percent.

According to the joint press release, “upon completion of the merger and the proposed restructuring of Caesars Entertainment Operating Company, Inc. (CEOC), the merged company will be well capitalized and positioned for sustainable long-term growth and value creation.”

The merger will also support the proposed restructuring of CEOC, a subsidiary of Caesars Entertainment, announced on Friday, to reduce debt and lower interest payments.

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Mergermarket in FTSE Global Markets

Lack of mega deals weighs on UK M&A figures M&A activity targeting the United Kingdom stood at £37.5bn in the first half of 2014, the lowest half-year value since 2010 (£37bn) and a 12.5% drop from the first six months of last year.

M&A activity targeting the United Kingdom stood at £37.5bn in the first half of 2014, the lowest half-year value since 2010 (£37bn) and a 12.5% drop from the first six months of last year.

A lack of large transactions in the country pulled the UK M&A value down this semester, according to MergerMarket, with only one mega-deal (valued above US$5bn) announced in the region so far this year – the £8.6bn acquisition of the Oncology division of GlaxoSmithKline by its German peer Novartis.

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Healthcare at heart of robust year in M&A

Market wisdom has it that most takeovers destroy value in the long-run. But the world’s largest companies seem to have had little time for history lessons in 2014. In all, there were 96 deals worth more than $5bn completed over the past 12 months. Together, their value was around $1.2tn, or 37 per cent of the overall volume of corporate transactions.

Dr. Keith A. Marcus draws Allergan Inc. Botox into a syringe before administering it to a patient at the offices of Marcus Facial Plastic Surgery in Redondo Beach, California, U.S., on Tuesday, April 22, 2014. Valeant Pharmaceuticals International Inc. offered to buy Allergan Inc., maker of the Botox wrinkle treatment, in a cash-and-stock deal valued at $45.7 billion in the latest step of the Canadian company's plan to become one of the world's largest drugmakers. Photographer: Patrick T. Fallon/Bloomberg *** Local Caption *** Keith A. Marcus

In what soon became the best year for dealmaking since the financial crisis — measured on a total volume of $3.34tn — the US led the way, spurred by favourable economic conditions and central bank monetary policy. But Europe and Asia finished the year strongly as well.

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