The US government’s aggressive stance on antitrust is chilling merger activity among the country’s biggest companies, with some deals never making it past the boardroom as executives fear lengthy and expensive approval processes.
Tag: mergers
Tick-Tock: SPACs Increasingly Under Pressure to Find Quality Mergers
Blank-check companies, aka special-purpose acquisition companies (SPACs), already have stiff competition in finding firms with which to merge. Now, with recent share-price declines and a ticking clock to take companies public, the pressure to do so is ramping up even more. The new challenges for creators of SPACs result in part from the abundance of… Continue reading Tick-Tock: SPACs Increasingly Under Pressure to Find Quality Mergers
U.S. Appeals Court Rejects Justice Department Antitrust Challenge to AT&T-Time Warner Deal
A federal appeals court on Tuesday rejected the Justice Department’s bid to roll back AT&T Inc.’s 2018 acquisition of entertainment company Time Warner, a second defeat for government antitrust enforcers who sought to sink the $80 billion-plus deal. The U.S. Court of Appeals for the District of Columbia Circuit affirmed a trial judge’s ruling in… Continue reading U.S. Appeals Court Rejects Justice Department Antitrust Challenge to AT&T-Time Warner Deal
Casualty Actuarial Society and Society of Actuaries Explore Combining Into One New Organization
The Presidents of the Casualty Actuarial Society (CAS) and Society of Actuaries (SOA) jointly announced that the CAS and SOA Boards of Directors agreed to explore a combination of the CAS and SOA into one new professional organization that has the scale and resources to support members’ efforts to shape and grow the evolving areas… Continue reading Casualty Actuarial Society and Society of Actuaries Explore Combining Into One New Organization
Marsh to Acquire Jardine Lloyd Thompson Group Plc for $5.6B
Marsh & McLennan Companies, Inc., a global professional services firm offering clients advice and solutions in risk, strategy and people, today announced that it has reached an agreement to acquire Jardine Lloyd Thompson Group plc, a leading provider of insurance, reinsurance and employee benefits related advice, brokerage and associated services. The transaction has been approved… Continue reading Marsh to Acquire Jardine Lloyd Thompson Group Plc for $5.6B
Liberty Mutual Launches M&A Insurance Solutions Unit
Liberty Mutual’s Global Risk Solutions strategic business unit has centralized its vast mergers & acquisitions (M&A) insurance solutions expertise into its newly formed Global Transaction Solutions group (GTS). The creation of GTS will enable Liberty Mutual to provide innovative solutions in the rapidly emerging global transactional risk insurance solutions market by making it easier for… Continue reading Liberty Mutual Launches M&A Insurance Solutions Unit
Apollo to Buy Aspen for $2.6 Billion in Insurance Expansion
Apollo Global Management LLC, the investment firm led by Leon Black, agreed to acquire Aspen Insurance Holdings Ltd. for $2.6 billion, in the latest example of private equity investors expanding their insurance assets. Apollo will pay $42.75 a share in cash for the Hamilton, Bermuda-based insurer, 6.6 percent higher than Monday’s closing price, according… Continue reading Apollo to Buy Aspen for $2.6 Billion in Insurance Expansion