Kraft has a non-solicitation agreement with a fiduciary out. This means that Kraft could discuss another merger if approached by another suitor.
The Kraft portfolio of brands is highly complementary with Heinz’s portfolio. This is one of the biggest reasons driving the Kraft–Heinz merger.
Kraft’s (KRFT) and Heinz’s portfolio of brands are highly complementary, which is a big reason for the Kraft–Heinz merger.
In the Kraft–Heinz merger, Kraft (KRFT) shareholders will receive a special dividend of $16.50 and stock in the merged entity.
The material adverse change clause lays out the circumstances under which the private equity consortium can back out of the deal with Life Time Fitness.
In this article, we’ll look at the specific conditions, or material adverse changes, that could stop the Life Time Fitness deal.
No carve-out can have a disproportionate effect on Life Time Fitness relative to companies of a similar size in the industries in which it operates.
The consortium didn’t elaborate on what they hope to achieve with Life Time Fitness, but the company did start looking at alternatives a while ago.
In this case, it’s hard to see what would break the deal aside from a material adverse clause on the part of Life Time Fitness.
Private equity transactions like the Life Time Fitness merger often have attractive spreads, but that’s because there is added risk.
The critical question is what sort of process—if any—did Life Time Fitness run? We’ll find out once the preliminary proxy comes out.
Life Time Fitness competitors include 24 Hour Fitness Worldwide, Equinox Holdings, LA Fitness International, Town Sports International, and Gold’s Gym.
Life Time Fitness (LTM) operates resort-like sports, professional fitness, family recreation, and spa destinations. As of March 2, 2015, they operated 113 centers, primarily in suburban locations, in 32 major markets in…
The Life Time Fitness merger is a private equity transaction. Shareholders will receive $72.10 in cash per share.
The Life Time Fitness (LTM) merger is a private equity deal. Private equity deals are in general riskier transactions than strategic deals.
BB&T’s Susquehanna acquisition will significantly expand BB&T’s Mid-Atlantic footprint. The deal is valued at ~$2.5 billion. It will close in the second half of 2015.
Aruba is fast becoming a major player in this market, which is likely why HP would have been interested in buying the company.
Exterran’s acquisitions led to a strong fourth quarter with revenue growth of 5% and year-over-year growth of 32%.
In the MAC (material adverse change) clause of the Pharmacyclics–AbbVie merger agreement, a financial crisis or a recession is not considered a MAC.
In the MAC (material adverse change) clause of the Pharmacyclics–AbbVie merger agreement, missing your quarter isn’t a MAC, but the reason you missed it is.