AT&T’s Acquisition in the Context of the CMCSA–NBCUniversal Deal
AT&T is proving to be a strong competitor to Comcast. AT&T’s acquisition of DIRECTV last year resulted in the company’s offering triple-play services with enhanced offerings.
The Newell tools (NWL) portfolio is comprised of two brands, Irwin and Lenox.
Stanley Black & Decker’s (SWK) record of harvesting synergies from its acquisitions is among the best.
~$1.3 billion of the purchase price will be funded by a combination of short-term and long-term debt.
Newell’s (NWL) tools business has made $150 million in EBITDA on sales of $760 million in the last 12 months.
On October 12, Stanley Black & Decker (SWK) announced that it entered a definitive agreement to acquire Newell’s (NWL) tools business.
Of 19 analysts surveyed by Bloomberg, five gave Joy Global a “buy” rating, while 11 gave a “hold” rating, three gave “sell” ratings.
Joy Global’s (JOY) fiscal 1Q16 revenues came in at $526 million, which represents a 25% decline over fiscal 1Q15.
Mining equipment supply and services to US coal mining companies accounted for 76% of Joy Global’s US revenue.
From its acquisition of Joy Global, Komatsu expects to double the size of its manufacturing equipment business and to strengthen its core mining business.
Joy Global’s stock rose by 19.7% from the opening price of $23.5 and closed at $28.2 on July 21, after Komatsu announced that it will acquire the company.
By combining, Johnson Controls and Tyco International are expecting to achieve $500 million in cost synergies by increasing efficiencies and recalibrating the global network.
When Johnson Controls and Tyco merge their product portfolios, the combined entity will be able to offer integrated products and services in building efficiency, security, and safety.
Although not quite as big as the $172 billion Pfizer-Allergan merger, the $37 billion Johnson Controls–Tyco International deal is enough to raise eyebrows.
On January 25, 2016, Johnsons Controls (JCI) fell 3.9% to $34.20. Tyco International (TYC) rose a whopping 11.6% as the stock corrected to account for the premium offered in the merger.
On Monday, January 25, 2016, Johnson Controls (JCI) announced it has entered into a definitive merger agreement with Tyco International (TYC). JCI shareholders will retail 56% share in the combined entity.