FTC merger review set for major overhaul under Trump, acting chairwoman says

25 January, 2017 - 10:13 pm UTC

A major overhaul of antitrust policy under the new Trump administration will feature more “regulatory humility” and greater protection of intellectual property rights, the new head of the Federal Trade Commission (FTC) said. Commissioner Maureen Ohlhausen, appointed acting chairwoman of the FTC by President Trump on 25 January, disclosed the plan during a 24 January…

Pearson’s latest profit warning could be push circling activists need

20 January, 2017 - 5:39 pm UTC

Pearson’s [LON:PSON] latest profit warning could be the push activist investors who have been eyeing the company for months need to start a campaign, two sources briefed on the situation and bankers following the matter said. Several activists and private equity firms were considering entering the struggling publisher last year, two sources said. They included…

HD Supply taps Goldman on JANA approach, sources say

20 December, 2016 - 8:29 pm UTC

20 December 2016 – HD Supply [NASDAQ:DHS] is working with Goldman Sachs as the distributor faces pressure from activist investor JANA Partners, a source briefed on the matter and a sector advisor said. The Atlanta-based industrial construction supplies company is not running a formal sale process but has been gauging potential suitor interest, said the…

LSE/Deutsche Boerse: talk of CME bid for LCH SA dubbed premature

02 December, 2016 - 4:12 pm UTC

2 December 2016 — Parties involved in London Stock Exchange’s [LON:LSE] sale of France-based clearing house LCH SA consider talk of CME Group’s [NASDAQ:CME] involvement as a front-running bidder for the asset to be premature, two sources familiar with the matter have told this news service. The Sunday Times reported on 27 November that CME…

Trump antitrust policy seen as wild card – GW Bush or the next Teddy Roosevelt?

09 November, 2016 - 10:25 pm UTC

09 November 2016 – President-elect Donald Trump’s merger enforcement policy could follow one of two trajectories, in part dependent on how much emphasis he places on the issue, said antitrust attorneys with political experience. While Trump ran his campaign channeling anti-establishment and anti-big-business populism, it is hard to predict whether he will pursue such positions…

DONG Energy A/S launches sale of E&P arm

26 October, 2016 - 2:22 pm UTC

25 October 2016 – Dealreporter was the first news service to report that DONG Energy A/S has launched a sale of its E&P arm. Our report also said that JP Morgan was working on the sale. 26 October 2016 – DONG confirmed it had hired JP Morgan to review its oil and gas business.

Time Warner/AT&T face likely FCC oversight

24 October, 2016 - 7:37 pm UTC

24 October 2016 – The combined cache of spectrum licenses held by Time Warner [NYSE:TWX] makes it likely that the Federal Communications Commission (FCC) will be a part of the regulatory review of its sale to AT&T [NYSE:T], three sector attorneys said. The major content producer and telecom group announced plans to merge this week…

Quality Systems exploring sale with UBS, sources say

14 October, 2016 - 6:36 pm UTC

Quality Systems (NASDAQ:QSII), the Irvine, California-based healthcare information technology firm, has hired UBS to explore a sale, two sources familiar with the situation said. The company engaged UBS earlier this year to look for possible buyers for the company, these sources said. It recently conducted initial management presentations for several strategics and financial sponsors. Spokespeople…

China outbound deals facing no respite from SAFE scrutiny, advisors say

05 October, 2016 - 6:24 pm UTC

5 October 2016 – China’s forex regulator is showing no signs of relaxing its scrutiny of outbound transactions, said three legal advisory sources close to M&A deals that require the regulator’s clearance. If anything, the evidence suggests the State Administration of Foreign Exchange (SAFE) approval process has become more stringent, two of them added. While…

Telxius IPO: investors flag concerns about yieldco structure – sources

23 September, 2016 - 10:07 am UTC

23 Sep 2016 – Some potential investors in Telxius, Telefonica’s [BME:TEF] telecoms infrastructure vehicle, are concerned its business model is similar to a yieldco, said a buysider, a source familiar with the situation and a banker following the issue. Telefonica has only folded some of its telecoms towers into the new unit, said the buysider, adding that the company expects to sell…