Environmental, social, and governance (ESG) factors are playing a “more significant role” when it comes to mergers and acquisitions (M&A) disputes, according to a recent study by Berkeley Research Group (BKG) which surveyed a group of M&A lawyers and corporate finance professionals. From the perspective of M&A lawyers, 6 percent believed that a lack of…
ESG a Key Risk Issue in Disputes Related to Mergers and Acquisitions: Survey
Strong US Dollar Will Rev up Global Mergers and Acquisitions
Commentary Relative strength of the U.S. dollar is expected to continue, propelled by the Federal Reserve’s determination to combat inflation by tightening monetary policy. The dollar’s strength has been a headache for U.S. multinational corporations, whose revenues earned in other countries are worth less in dollar terms after currency translation. U.S. companies report earnings in…
US Oil Mergers Drop to $12 Billion as Volatility Limits Deals
NEW YORK—U.S. oil and gas dealmaking fell to $12 billion last quarter, down from the first quarter and nearly a third of the $34.8 billion in the same period a year ago, as commodity price volatility left buyers and sellers clashing over asset values, according to data released by energy analytics firm Enverus on Thursday….
JPMorgan Smashes Profit Estimates on M&A Boom, Wealth Management Strength
JPMorgan Chase & Co. reported a bigger-than-expected 24 percent jump in third-quarter profit on Wednesday, boosted by a global dealmaking boom and strength in its wealth management arm. The bank, whose fortunes reflect the health of the U.S. economy, said robust M&A activity offset a slowdown in trading. Its consumer bank also reported a strong…
Third Quarter Deals Break All Records in Biggest M&A Boom
Global mergers and acquisitions reached record highs this year with an outstanding third-quarter performance, shattering previous highs, before and after the financial crisis. M&A deals worth $4.33 trillion have been made to-date in 2021, breaking the previous high $4.1 trillion hit in 2007. The third quarter saw deals worth $1.52 trillion. Based on Refinitiv data,…
Boom for Banks as M&A and Pandemic Boost Corporate FX Needs
LONDON—A boom in corporate dealmaking, surging input costs, and a focus on short-term cash flows in the pandemic have sent companies rushing to hedge their currency exposures this year, giving a boost to banks that sell foreign exchange products. Corporate treasurers say the pandemic, which sent revenues tanking in 2020 before this year’s sharp rebound,…
As Big Firms Get Bigger, Managing the Economy Gets More Difficult
Big companies have strengthened their dominance in the economy relative to small businesses amid the pandemic and a rise in mergers and acquisitions (M&A) is afoot.
Battle for Orange County’s CoreLogic Leads to Private Equity Takeover
February 8, 2021
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Commentary Irvine-based CoreLogic Inc. (NYSE: CLGX) is being purchased by two private equity funds for about $7.7 billion, a figure that includes about $6 billion—or $80 per share—buyout for current stakeholders. The purchase price also includes $1.7 billion in debt owed by CoreLogic. The acquisition will be funded with $2.5 billion already invested in the…
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