The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 202.35
Bid: 202.15
Ask: 202.25
Change: 1.35 (0.67%)
Spread: 0.10 (0.049%)
Open: 202.50
High: 203.40
Low: 199.58
Prev. Close: 201.00
BARC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Big U.S. corporate takeovers drive 'Merger Monday'

Mon, 15th Apr 2013 21:55

* Thermo Fisher in $13.6 bln Life Tech takeover

* Dish Network bids for Sprint Nextel

* U.S. CEOs pursue large deals for growth, cost cuts

* Barclays No. 3 global M&A adviser, JPMorgan tops leaguetable

By Soyoung Kim

NEW YORK, April 15 (Reuters) - The more than $52 billionworth of deals announced on Monday morning made it the busiest"merger Monday" this year, as two large U.S. corporate takeoversunderscored increasing CEO interest in pursuing transformationaltransactions to boost growth and cut costs.

Dish Network Corp, the No. 2 U.S. satellitetelevision provider, made a $25.5 billion bid for Sprint NextelCorp, challenging the proposed acquisition of Sprint byJapan's SoftBank Corp, while Thermo Fisher ScientificInc struck a $13.6 billion deal to buy Life TechnologiesCorp.

Meanwhile, U.S. investment firm Royalty Pharma sweetened its bid for Irish drugmaker Elan Corp Plc toas much as $7.3 billion, formalizing its initial approach.

The day's slew of announced transactions brought the valueof global mergers and acquisitions so far this year to $650.2billion, up 14.5 percent from $568.1 billion during the sameperiod in 2012, according to Thomson Reuters data.

U.S. companies accounted for more than half of thatactivity, with $331 billion worth of deals through April 15, upfrom the 32 percent share in the same period last year, whendeal volumes in the country totaled $181.9 billion.

"If you're a well-capitalized company, one that has cash andaccess to capital, and if you have strategic imperatives, now isgoing to be looked at as a very compelling time to acquire,"said Paul Parker, head of global corporate finance and M&A atBarclays.

"Volatility has come down meaningfully, interest rates arelow, corporate cash levels are high and dilutive just sittingunproductively on balance sheets, and there is pent-up strategicdemand. This is why we are seeing industry and companytransforming deals."

The first four months of the year already saw several largecorporate deals, including the $23.2 billion takeover of ketchupmaker H.J. Heinz Co by Warren Buffett's BerkshireHathaway Inc and Brazilian private equity firm 3GCapital.

Other large deals include the $24.4 billion bid to take DellInc private by founder Michael Dell and buyout firmSilver Lake Partners, as well as the merger of US Airways GroupInc and AMR Corp, the bankrupt parent ofAmerican Airlines.

"There is increasing confidence in the United States as asafe haven and as a stable place to invest," Parker said.

"CEOs here have more visibility to their own companies'futures as well as the futures of the targets they're looking atin this market," he said, adding that the political and economicuncertainties in Europe and Asia continue to be an overhang.

European deal activity is down 23 percent to $138.4 billion,while Asia-Pacific saw a 10 percent decline in deal volumes to$91.4 billion, Thomson Reuters data shows.

Barclays, which was involved in two big deals announced onMonday, rose to No. 3 in the global ranking of M&A advisers, upfrom eighth place as of last Friday.

The bank was the sole adviser to Dish on its $25.5 billionoffer for Sprint, and advised Thermo Fisher along with JPMorganChase & Co on its acquisition of Life Technologies.

JPMorgan, with its role in advising Thermo, rose to No. 1 inthe league table, ahead of Goldman Sachs Group. DeutscheBank and Moelis advised Life Technologies on thedeal.

Mondays are often active days for merger news becausecompanies tend to finalize terms of a deal over the weekend andthen roll out the announcement before the market opens onMonday.

More News
4 May 2024 08:37

Norway wealth fund to back Barclays CEO, chair at AGM

OSLO, May 4 (Reuters) - Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, supports the reappointment of Barclays CEO C.S. Venkatakrishnan and Chair Nigel Higgins to the British bank's board, the fund manager said on Saturday.

Read more
3 May 2024 17:04

Ex-Odey portfolio manager Hanbury warns investors are 'buying blind'

LONDON, May 3 (Reuters) - Former Odey Asset Management (OAM) portfolio manager James Hanbury has said in a letter to investors that passive and systematic trading strategies have grown so much that those trading on company fundamentals might be hurt.

Read more
2 May 2024 13:48

UK shareholder meetings calendar - next 7 days

Friday 3 May 
Ashoka India Equity Investment Trust PLCGM re share issue
HSBC Holdings PLCAGM
Intercontinental Hotels Group PLCAGM
Mondi PLCAGM
More Acquisitions PLCAGM
Monday 6 May 
no events scheduled 
Tuesday 7 May 
Caledonia Mining Corp PLCAGM
CPPGroup PLCAGM
Just Group PLCAGM
Macfarlane Group PLC AGM
Plus500 LtdAGM
Supernova Digital Assets PLCAGM
Wednesday 8 May 
Airea PLCAGM
Antofagasta PLCAGM
Aston Martin Lagonda Global Holdings PLCAGM
Deltex Medical Group PLCAGM
Direct Line Insurance Group PLCAGM
Fidelity European Trust PLCAGM
Haleon PLCAGM
Jardine Matheson PLCAGM
JZ Capital Partners LtdEGM re investing in a secondary fund
Oscillate PLCAGM
Pershing Square Holdings LtdAGM
Rentokil Initial PLCAGM
WPP PLCAGM
Thursday 9 May 
Ascential PLCAGM
BAE Systems PLCAGM
Balfour Beatty PLCAGM
Barclays PLCAGM
CAB Payments Holdings PLCAGM
Catenai PLCGM re convertible loan note
Clarkson PLCAGM
FBD Holdings PLCAGM
Genel Energy plcAGM
Gym Group PLCAGM
Harbour Energy PLCAGM
Hiscox LtdAGM
IMI PLCAGM
Inchcape PLCAGM
Indivior PLCAGM
John Wood Group PLCAGM
Jupiter Fund Management PLCAGM
Logistics Development Group PLCAGM
Man Group PLCAGM
Morgan Advanced Materials PLCAGM
OSB Group PLCAGM
Public Policy Holding Co IncAGM
Rathbones Group PLCAGM
RM PLCAGM
Spire Healthcare Group PLCAGM
Synthomer PLCAGM
Uniphar PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
1 May 2024 14:50

Barclays to cut jobs in investment banking - reports

(Sharecast News) - Barclays has reportedly kicked off a fresh round of redundancies, cutting "a few hundred roles" at its investment bank as it looks to tackle underperformers and reinvest in new talent.

Read more
30 Apr 2024 20:30

GM in talks with Barclays to replace Goldman Sachs in credit card partnership -source

NEW YORK April 29 (Reuters) -

Read more
29 Apr 2024 10:02

LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
26 Apr 2024 16:35

London close: Stocks buoyed by banking, mining positivity

(Sharecast News) - London's equity markets closed positively on Friday, buoyed by gains in the banking sector following better-than-expected results from NatWest.

Read more
26 Apr 2024 16:19

European bank stocks at highest since 2015 after earnings boost

STOXX Europe 600 banks index highest since Oct. 2015

*

Read more
26 Apr 2024 09:45

NatWest profit falls less than feared ahead of state escape

First-quarter profit down 27% in competitive market

*

Read more
26 Apr 2024 09:33

LONDON BROKER RATINGS: Peel Hunt cuts ConvaTec to 'reduce'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
25 Apr 2024 16:57

LONDON MARKET CLOSE: FTSE 100 shakes off red-hot US inflation gauge

(Alliance News) - London's FTSE 100 outperformed on Thursday, enjoying a solid rise on largely well-received corporate earnings and a share price jump for miner Anglo American after it received a takeover bid from peer BHP.

Read more
25 Apr 2024 15:14

London close: Stocks finish mixed as US GDP growth slows

(Sharecast News) - London's stock markets finished with a mixed performance on Thursday, as investors digested a slower-than-expected GDP growth reading from the United States, while a slew of well-received earnings underpinned the top-flight index.

Read more
25 Apr 2024 11:00

Where are Wall Street's analyst notes on Trump's Truth Social?

NEW YORK, April 25 (Reuters) - Trump Media & Technology Group is one of the most actively traded U.S. stocks, yet Wall Street's equity analysts are staying clear.

Read more
25 Apr 2024 09:19

Barclays Q1 profit falls 12% as trading slump hits

Q1 profit of 2.3 bln pounds, just above forecasts

*

Read more
25 Apr 2024 08:36

TOP NEWS: Barclays first quarter profit falls but beats expectations

(Alliance News) - Barclays PLC on Thursday reported a fall in first quarter profits as a weak investment banking performance hindered performance.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.