These Mergers and Acquisitions Are the Biggest in 2021
Mergers and acquisitions are set to break a new record in 2021. What are the biggest M&A deals in 2021? Here's what you can expect.
The SPAC bubble may or may not have burst, but mergers and acquisitions aren't slowing down. In fact, this year is poised to be the biggest for M&A deals.
What mergers and acquisitions are leading the charge in 2021 with the highest dollar values? Let's take a peek at the companies raising the bar.
Mergers and acquisitions are on track to break records in 2021.
According to data from Dealogic, this year's M&A deals are poised to beat the record.
Dealogic started tracking M&A values in 1995. In 2015, the global M&A volume hit at least $4.304 trillion, which made it the highest-grossing year on record. It surpassed the previous record from 2007 of $4.296 trillion.
In the first eight months of 2021, the global M&A volume hit $3.6 trillion. During this period, the U.S. contributed a large chunk of that value, providing $1.8 trillion in deals.
With a third of the calendar remaining, this year will likely be the most valuable M&A year of all. If the current pace continues, the global M&A volume for 2021 could easily exceed $5 trillion.
Newly merged TD Synnex is worth nearly $60 billion.
Tech Data and Synnex recently merged to become TD Synnex, worth a collective enterprise value of $60 billion.
Following the merger, TD Synnex has pushed Ingram Micro out of the top spot as the world's largest IT company. After the deal, existing Synnex (NYSE:SNX) shareholders retained 55 percent of the combined company. Investors in Apollo Global Management (NYSE:APO) received the rest due to the company's prior investment in Tech Data.
Canadian Pacific acquired KCS for $30 billion.
In March, Canadian Pacific (NYSE:CP) acquired Kansas City Southern (NYSE:KSU) for $29 billion.
KSU shares were priced at $253.96 each and shareholders received 0.489 shares of Canadian Pacific plus $90 in cash for each share. The two stocks remain segregated despite the merger of the two railroad entities.
Rogers Communications bought Shaw Communications for $26 billion
The transaction between Canada's biggest cable companies Rogers Communications (NYSE:RCI) and Shaw Communications (NYSE:SJR) went through for a massive $26 billion.
In the process, Rogers took on $6 billion of Shaw debt and valued shares at $40.50 a piece. The deal reportedly works to accelerate job growth and 5G rollout in the country.
AerCap Holdings acquired GE Capital Aviation Service for $24 billion
The combined aviation company between AerCap Holdings (NYSE:AER) and GE Capital Aviation Service amounted to $24 billion.
In the deal, AerCap acquired 100 percent of GE Capital. Meanwhile, GE Capital received 111.5 million newly issued AerCap shares plus $24 billion in cash and $1 billion in AerCap notes or cash.
Cimarex combined with Cabot Oil & Gas for a newly minted $17 billion value
An all-stock deal between Cimarex (NYSE:XEC) and Cabot Oil & Gas (NYSE:COG) amounted to $17 billion in 2021.
Cabot shareholders retained ownership of 49.5 percent of the combined entity. Cimarex shareholders received the remaining 50.5 percent on a fully diluted basis.