April 21, 2023
In my blog post last month, ‘Volatility is the window to opportunity’ I discussed how recent market volatility may represent an opportunity for investors to take advantage of investing in quality long-term assets and distressed assets at significant discounts. Interestingly, it did not take market participants too long to recognise these opportunities and to act on them. continue…
by Michael Gollagher Posted in Companies, Insightful Insights, Market commentary, Takeovers.
July 13, 2021
The week kicked off with Wesfarmers (ASX:WES) making a $687 million non-binding, indicative offer to acquire Australian Pharmaceutical Industries (ASX:API) at $1.38 per share by way of a scheme of arrangement. continue…
by David Buckland Posted in Companies, Editor's Pick, Stocks We Like, Takeovers.
August 9, 2018
Amcor has just announced a merger with Bemis, a US based flexibles packaging company. The new entity will be the global leader in plastics packaging with a market cap of around US$17 billion, annual revenue of US$13 billion and earnings before interest and tax (EBIT) of US$2.2 billion. But after looking at the deal, we wonder if Amcor has paid too much. continue…
June 9, 2015
As many readers will know, Vocus Communications Limited (ASX: VOC) has been the potential acquirer of Amcom Telecommunications Limited (ASX: AMM) for quite some time. This has been speculated since Vocus’ October 2014 10 per cent acquisition of the shares outstanding in Amcom. We thought it may be worthwhile to review the timeline of events up to now and consider what this means for the future. continue…
March 26, 2015
After a subdued period following the GFC, merger and acquisition (M&A) activity appears to again be coming into fashion. According to Thomson Reuters, worldwide M&A was up 47 per cent in 2014, making it the strongest year for worldwide deal-making since 2007. continue…
by Tim Kelley Posted in Companies, Insightful Insights, Takeovers.
March 13, 2015
One of the top ten holdings in both The Montgomery Fund and The Montgomery [Private] Fund has been iiNet (ASX:IIN), which today received a takeover bid from TPG (ASX:TPM). Scott Shuttleworth recorded a video here at the blog entitled iiNet: Did the market overreact, on March 10th about why we increased our stake in iiNet. continue…
by Roger Montgomery Posted in Insightful Insights, Takeovers.
January 19, 2015
When you’re in the markets, you hear a lot of ‘talk’ and it’s an interesting exercise to work through the numbers of some of that ‘talk’ – particularly when you can show that the ‘talk’ is probably on the wrong track.
Recently we’ve been hearing rumours that TPG may make a bid for Vodafone’s Australian business. I took the time to run through the numbers and see whether it was a likely event. continue…
October 15, 2014
One of the requirements for the Coalition’s Multi-Technology Mix National Broadband Network (the NBN) is the takeover of Telstra Corporation Ltd’s (ASX: TLS) copper network. The Government and Telstra are currently in contract negotiations, but the telco has already provided (in principal) agreement for a deal with a present value of approximately $11 billion. continue…
July 10, 2014
Vocus worth $6.10?
On Tuesday, we reported on the exciting future for Vocus Communications (ASX: VOC) after their AU$107.7m acquisition of New Zealand’s largest ducted inter-city fibre optic network operator, FX Networks. continue…
July 8, 2014
Vocus Communications (ASX: VOC) plans to acquire FX Networks Limited, New Zealand’s only ducted inter-city fibre optic network, for an enterprise value of NZ$116m (A$108m), or around 8 times EBITDA. This will be Vocus Communications’ sixth acquisition, and easily their largest, in the past four years. continue…
by David Buckland Posted in Insightful Insights, Takeovers, Technology & Telecommunications.