Coverage: Revlon buying rival cosmetics company Elizabeth Arden
Cosmetics company Revlon announced Thursday that it is buying rival Elizabeth Arden, adding Giorgio Beverly Hills and celebrity fragrances from signers such as Taylor Swift and Justin Bieber to its portfolio. Chris Woodyard of USA Today has the news: Revlon plans to pay $14 a share, about a 50% premium, in a bid to expand its own global reach while […]
Coverage: Microsoft buys LinkedIn for $26 billion
Tech giant Microsoft Corp. agreed to acquire social media company LinkedIn in a deal announced Monday for $26 billion. Kevin Kelleher of Time has the news: The stakes are high for Microsoft and LinkedIn. This is one of the biggest tech M&A deals ever, topping even Facebook’s $22 billion purchase of WhatsApp. On paper, there is […]
Coverage: Merck agrees to acquire biotech company Afferent
Merck & Co. dipped into the biotech world on Thursday, agreeing to acquire Afferent Pharmaceuticals, whose lead drug is being evaluated as a treatment for refractory, chronic cough and idiopathic pulmonary fibrosis with cough. Josh Beckerman of The Wall Street Journal had the news: The deal will include an upfront payment of $500 million and milestones of […]
How a hedge fund manager launched a biz journalism media start-up
Jonathan Spitzer is the founder, publisher and editor-in-chief of CTFN, which covers mergers and acquisitions and major corporate news from a professional investor’s point of view. Spitzer was a merger arbitrage research analyst for Arnhold and S. Bleichroeder Advisers from 1999 to 2005, and co-portfolio manager of the Merger Arbitrage Group at Arnhold and S. Bleichroeder […]
Coverage: Monsanto rejects Bayer bid
Biotech seed company Monsanto Co. rejected a $62 billion acquisition offer from German drug company Bayer AG, but further conversations between the two companies may still happen. Jacob Bunge of The Wall Street Journal had the day’s news: Monsanto’s move, which was widely expected, puts pressure on the German pharmaceutical and chemical conglomerate to sweeten its […]
CTFN seeks business reporters in California, New York, DC
CTFN seeks experienced business journalists to investigate and report on major corporate developments in the US, UK/Europe, and Asia. Candidates should have at least five years experience reading primary documents, seeking out and speaking with sources, and writing with careful attention to detail. Candidates must have a college degree from a leading university. Graduate level education […]
Coverage: Bayer makes unsolicited offer for Monsanto
German drug and chemicals company Bayer has made an unsolicited takeover offer to U.S. seeds company Monsanto, although terms were not disclosed by either company. Greg Roumeliotis and Mike Stone of Reuters had the day’s news: The $42 billion market capitalization of Monsanto means that the deal would be likely to eclipse ChemChina’s planned acquisition of Swiss agrichemicals company Syngenta […]
Coverage: Gannett raises bid for Tribune Publishing
Gannett Co. is not walking away from its offer to acquire rival newspaper publisher Tribune Publishing, upping its bid to $15 a share. Roger Yu of USA Today, a Gannett paper, had the day’s news: The revised offer values Tribune (TPUB), which owns the Los Angeles Times, Chicago Tribune and nine other dailies, at about […]
How a business journalist wrote a book about M&A
Robert Teitelman was the founding editor of The Daily Deal and the The Deal magazine, and the longtime author of the magazine’s opening column, “Transactions.” Prior to The Deal, he was a writer at Forbes and the editor of Institutional Investor magazine. Besides the recent “Bloodsport: When Ruthless Dealmakers, Shrewd Ideologues, and Brawling Lawyers Toppled […]
Coverage: Sanofi makes $9.3 billion bid for Medivation
Paris drugmaker Sanofi SA launched an unsolicited $9.3 billion bid for U.S. cancer firm Medivation, launching what could be a lengthy takeover fight. Nick Kostov and Noemie Bisserbe of The Wall Street Journal had the day’s news: Sanofi SA on Thursday said it has made an unsolicited offer to acquire Medivation Inc. in a deal valued at $9.3 billion, the French […]
