Spotlight

An archive of past spotlight issues.

 

The martinwolf team tracks noteworthy mergers and acquisitions, and offers
commentary on issues that impact our industry. Here is an archive of past

M&A Head Scratcher: Broadcom’s CA Buy ‘Makes Little Sense’

Four months after President Trump stopped its Qualcomm acquisition, Broadcom now is making an $18.9 billion bid for CA Technologies in a deal that one analyst says makes little sense.

In response to the news, Broadcom lost $19 billion in market value as its stock plunged 19 percent to $197.50 —  the company’s worst day ever, according to a Reuters report.

Channel Partners contributor Michael Finneran, of dBrn Associates, said when he initially heard about the deal he was confused because of the “total lack of synergy between the two parties” and after further consideration, “it makes even less sense.”

Read the full article here.

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03 Feb 2021

Jeff Bezos To Step Down as CEO, Replaced By Cloud Chief

News Update Amazon (NASDAQ:AMZN) CEO Jeff Bezos announced yesterday he was stepping down as CEO effective Q3 2021, to be replaced by Amazon Web Services CEO Andy Jassy. Bezos will remain Amazon’s largest shareholder and transition to an Executive Chairman role, where he will continue to be involved in important strategic decisions. Amazon also announced...

13 Jan 2021

martinwolf Celebrates 24 Years

Dear Clients, Partners, and Friends of martinwolf M&A Advisors, In 1997, gas was $1.22 a gallon in the US, Great Britain handed Hong Kong back to China, and the Dow was at less than 8,000. For me, on this date in 1997 I founded this firm. Almost a quarter century later — and after 180+ transactions,...

11 Jan 2021

Staples Announces Offer to Buy Office Depot

*Financial Information ($USD) Enterprise Value:         $2.1 Billion EV/LTM Revenue:       0.22x EV/LTM EBITDA:        3.76x Transaction Update Staples announced today that it sent the board of directors for Office Depot (Nasdaq: ODP) a proposal to acquire “100% of the issued and outstanding common stock,” a transaction that it expected...