M&A Analysis
M&A Analysis: Networking Equipment
Acacia Communications (ACIA) shares jumped 40% following a buyout from Cisco (CSCO) agreeing at $70/share in cash, a 46% premium. Cisco management noted “"With the explosion of bandwidth in the multi-cloud era, optical interconnect technologies are becoming...
M&A Analysis: Biotech M&A – July 2019
The Pfizer (PFE) deal for Array (ARRY) was one of the most interesting deals as it came at a strong 60% premium and options activity in ARRY was well-positioned for the move. Biotech M&A should remain a theme as a lot of the larger companies are struggling to...
M&A Analysis: Lodging Industry
Chesapeake Lodging (CHSP) on 5-6-19 saw news that Park Hotels (PH) was acquiring the Company for $2.7B in cash and stock, the offer at the time came in at an 11% premium. This deal follows a bidding war for LaSalle Hotel (LHO) that was won by Pebblebrook (PEB) is a...
M&A Analysis: Oil & Gas Exploration
Anadarko Petro (APC) was a top deal in April 2019 as Chevron (CVX) offered $33B in a cash and stock deal valuing the company at $33B, a healthy near 30% premium to its closing price. The offer worked out to near 7.35X EV/EBITDA and reports confirmed that Occidental...
Semiconductor M&A Analysis – July 2016 – Consolidation in the Semiconductor Sector, Who’s Next?
Earlier this week Analog Devices (ADI) announced a $14.8B deal for Linear Tech (LLTC), one of the largest Tech deals this year, and follows a flurry of deal activity across the Semiconductor industry. Less than two weeks ago Softbank announced a $28B deal for ARM...
M&A Analysis for Software Industry – July 2016 -M&A in SAAS Likely to Stay Hot
For this report I want to focus on Software as a Service (SAAS) stocks, a major shift we have seen in tech as a software licensing and delivery model allowing software to be licenses on a subscription basis and is centrally hosted, also referred to as “on-demand...
M&A Analysis in Packaged Goods Sector – July 2016
The consumer staples group has been one of the best performers in the first half of 2016, and many of the larger names are utilizing M&A and unlocking value by optimizing brand portfolios. At this point in the cycle, revenue growth is difficult to come by, and...
Tableau Software (DATA): Fallen Angel Too Cheap in Healthy M&A Environment
Tableau Software (DATA) was one of the hottest stocks around from May 2014 to July 2015 as shares rallied from $55 to above $120 as the “Big Data: theme took hold in Tech. However, shares have now sold off since Summer 2015 more than 50% and closed today at $55.70...