Walgreens Boots Alliance (WBA) and Rite Aid (RAD) have amended their merger agreement. WBA will now pay less for each RAD share, depending on the number of locations it must divest.
When WBA and RAD couldn’t get regulatory approval by January 27, 2017, they agreed to push back the merger deadline another six months.
Walgreens Boots Alliance (WBA) and Rite Aid (RAD) have amended their merger agreement. Walgreens will now pay $6.50–$7 per share instead of $9.
President Donald Trump’s policies, which could ignite a trade war with China (MCHI), have the potential to create another hurdle for the Qualcomm–NXPI deal.
AppDynamics’ rapid revenue growth is likely to provide a boost to Cisco’s revenues.
FireEye (FEYE) is likely to be a potential takeover target in the ongoing M&A trend in 2017.
Cisco’s strong cash reserves and its repatriation support the likelihood of a continuing acquisition spree.
Cisco’s offer of $3.7 billion implies a 17.3x enterprise value to TTM (trailing-12-month) revenue multiple.
IoT is a key technology expected to contribute significantly to spending in the next computing cycle.
AppDynamics has managed to grow 50% on an annual basis. Moreover, 75% of AppDynamics customers make purchases based on a subscription-based model.
In the last five years, Cisco has made 44 acquisitions.
After Cisco’s acquisition of Sourcefire, a security company, for $2.7 billion in 2013, AppDynamics is its largest acquisition.
The unprecedented growth in the amount of data generated by IoT will require the adaptation of data centers, which explains Oracle’s (ORCL) billion-dollar capital expenditure to set up data centers.
Cisco’s offer for AppDynamics comes out to approximately $26 per share, much higher than the expected $12–$14 per share range AppDynamics was expecting through its IPO.
On January 27, 2017, Midcoast Energy Partners (MEP) announced an agreement with Enbridge Energy (EECI), an indirect wholly-owned subsidiary of Enbridge (ENB).
Qualcomm (QCOM) is at the forefront of the connectivity technology, especially 5G.
Qualcomm (QCOM) and some analysts believe that Apple (AAPL) is encouraging other countries’ regulators to file lawsuits against the chip supplier.
In fiscal 2016, Qualcomm (QCOM) spent $5.1 billion on R&D and licenses this technology to manufacturers in return for a fee.
On December 12, 2016, Patterson-UTI Energy (PTEN), one of the prominent contract drillers in North America, disclosed that it agreed to acquire Seventy Seven Energy (SVNT).
The Permian’s impressive production profile, its low break-even costs, and its high IRRs have driven producers to add Permian acreage to their portfolios.