It's merger Monday again in the US market, with a fresh set of multi-billion dollar takeover deals announced this morning.
1. Chevron has agreed to buy independent US-listed oil producer Hess Corporation for $53 billion in an all stock takeover. Below is the link:..
It might feel like dealmaking is slowing down as the summer begins but there are still plenty of deals being done, especially for the firms that actually advise on takeovers and mergers.
Indeed, Greenhill is the latest advisory firm to sell out to a larger foreign rival, with Japanese firm Mizuho paying $15 a share (around $550 million) for the boutique investment bank. Below is a link to the press release:..
Clearly there are more important things going on in the world at the moment than corporate mergers & acquisitions.
But for readers obsessed with deals, there were a few stories that cropped up over the last twenty four hours that piqued Betaville's interest...
Hacks at the venerable Wall Street Journal dug out a corker late last night: apparently ExxonMobil and Chevron looked at combining last year to create a $350 billion oil behemoth. Below is a link to the scoop:
https://www.wsj.com/articles/exxon-chevron-ceos-discussed-merger-11612126203?mod=hp_lead_pos1..
Betaville was in a rather good mood until yesterday lunch time.
That's because as I strolled into the office yesterday morning another Betaville scoopette (the story about Integumen trying to buy RhinoCloud for £3 million) was confirmed on the UK's regulatory news service. Below is the link:..