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
13 Feb 2024 14:34

UK earnings, trading statements calendar - next 7 days

Wednesday 14 February 
Coca-Cola HBC AGFull Year Results
Dunelm PLCHalf Year Results
Pan African Resources PLCHalf Year Results
Severn Trent PLCTrading Statement
United Utilities Group PLCTrading Statement
Thursday 15 February 
Benchmark Holdings PLCQ1 Results
Centrica PLCFull Year Results
MJ Gleeson PLCHalf Year Results
Relx PLCFull Year Results
South32 LtdHalf Year Results
Friday 16 February 
NatWest Group PLCFull Year Results
Segro PLCFull Year Results
TBC Bank Group PLCFull Year Results
Monday 19 February 
Bank of Cyprus Holdings PLCFull Year Results
MoneySupermarket.com PLCFull Year Results
Transense Technologies PLCHalf Year Results
Wilmington PLCHalf Year Results
Tuesday 20 February 
Barclays PLCFull Year Results
BHP Group LtdHalf Year Results
Coca-Cola Europacific Partners PLCFull Year Results
Gran Tierra Energy IncFull Year Results
InterContinental Hotels Group PLCFull Year Results
Petra Diamonds LtdHalf Year Results
Springfield Properties PLCHalf Year Results
  
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
9 Feb 2024 17:02

LONDON MARKET CLOSE: FTSE 100 falls at end of tepid week

(Alliance News) - Stock prices in London closed lower on Friday, with the FTSE 100's losing streak extending to three days, as sentiment in Europe remains tetchy despite a largely stellar start to the day in New York.

Read more
9 Feb 2024 15:15

London close: Stocks turn sour in afternoon trading

(Sharecast News) - London's markets turned lower on Friday afternoon, concluding a volatile week on a negative note.

Read more
9 Feb 2024 12:46

Barclays pledges to stop directly financing new oil and gas projects

(Alliance News) - Barclays PLC has promised to stop directly financing energy clients' new oil and gas projects as part of updates to its climate change strategy.

Read more
9 Feb 2024 11:44

LONDON MARKET MIDDAY: European markets quiet heading into afternoon

(Alliance News) - European stock markets were quiet heading into Friday afternoon, as investors eye the annual US consumer price index benchmarks revisions.

Read more
9 Feb 2024 08:49

LONDON MARKET OPEN: Tesco bank sold to Barclays for GBP600 million

(Alliance News) - Stock prices in London lacked direction on Friday, after Barclays announced plans to buy the retail banking business of Tesco Bank.

Read more
9 Feb 2024 08:11

Barclays adds scale, income and profits with Tesco Bank deal, says Shore Capital

(Sharecast News) - Shore Capital has reiterated a 'buy' recommendation on Barclays after its deal to takeover Tesco Personal Finance for £600m, saying that the stock should double from current levels.

Read more
9 Feb 2024 07:59

TOP NEWS: Barclays buys Tesco Bank as supermarkets refocus on food

(Alliance News) - Barclays PLC and Tesco PLC on Friday announced an agreement for Barclays to buy the retail banking business of Tesco Bank, as the big UK supermarkets scale back their forays into financial services.

Read more
9 Feb 2024 07:51

LONDON BRIEFING: Barclays buys Tesco's retail banking business

(Alliance News) - Stocks in London are called to open higher on Friday, closing off a busy corporate week.

Read more
9 Feb 2024 07:03

Tesco sells banking unit to Barclays for £600m

(Sharecast News) - UK supermarket giant Tesco has sold its most of its retail banking business to Barclays for £600m, the two companies said on Friday.

Read more
4 Feb 2024 11:12

Sunday newspaper round-up: Asda, Barclays, McLaren

(Sharecast News) - Zuber Issa, one of the two billionaire brothers at the helm of Asda, has been sounding out potential buyers for his 22.5% stake in the grocer. Instead, Zuber wishes to focus on EG Group, their petrol station empire. Meanwhile, Asda's next phase may include a bid for Boots. According to City sources, it was also possible that Zuber might use the funds raised through a sale to fund the purchase of his brother's stake in EG Group. - The Sunday Telegraph

Read more
26 Jan 2024 17:39

Texas bans Barclays from local govt debt business over ESG concerns

NEW YORK, Jan 26 (Reuters) - Texas Attorney General Ken Paxton on Friday said Barclays bank would not be permitted to underwrite municipal bonds after failing to respond to questions from state authorities about its pledges to cut greenhouse gas emissions.

Read more
26 Jan 2024 17:08

Texas bans Barclays from local debt business over ESG concerns

NEW YORK, Jan 26 (Reuters) - Texas Attorney General Ken Paxton said on Friday that Barclays bank would not be permitted to underwrite municipal bonds after failing to respond to questions from state authorities about its carbon emissions reduction commitments.

Read more
25 Jan 2024 10:36

BoE says 'ring fencing' capital rules for retail banks need no big overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked satisfactorily with no major overhaul needed.

Read more
25 Jan 2024 10:05

Bank of England says 'ring fencing' capital rules for retail banks need no major overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked "satisfactorily" with no major overhaul needed.

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.