2023 was a very interesting year in a business sense and here are the most important events, those that include transaction over $5 billion, we didn't event count smaller ones.
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Maxar Technologies announced that it has entered into a definitive merger agreement with Advent International in January. The cash transaction valued Maxar at an enterprise value of around $6.4 billion.
A nice transaction took place a month after. CVS Health and Oak Street Health entered into a definitive agreement under which CVS Health will acquire Oak Street Health in an all-cash transaction at $39 per share, representing an enterprise value of approximately $10.6 billion.
In May Syneos Health said it is being acquired by a consortium of private equity firms for $7.1 billion.
Nasdaq followed and announced that it intends to acquire Adenza, a provider of risk management and post trade reporting software, for $10.5 billion. Nasdaq intended to pay for the deal with a mix of $4.75 billion in cash and by issuing more than 85 million shares.
Energy Transfer said will acquire Crestwood Equity Partners in an equity transaction valued at $7.1 billion. The deal includes Energy Transfer assuming $3.3 billion of debt, based on the share price at close.
In the middle of summer medical tool supplier Danaher (DHR) said is expanding its product offerings by purchasing British biotech firm Abcam Plc (ABCM) for $5.7 billion, including debt.
Roche started the autumn with the statement that it would acquire Telavant. Telavant is known as a developer of innovative drugs and therapies for patients with inflammatory and fibrotic diseases. As a result of the $7.1 billion transaction, Roche will get the rights to develop and distribute RVT-3101 in the U.S. and Japan.
Realty Income, an owner of convenience stores, warehouses and other commercial real estate, said in October it agreed to acquire Spirit Realty Capital for $5.3 billion in an all stock transaction.
And it was an interesting month. Choice Hotels launched hostile bid to acquire Wyndham Hotels for $7.8 billion. A nice sum indeed.
Realty Income, an owner of convenience stores, warehouses and other commercial real estate, agreed to acquire Spirit Realty Capital for $5.3 billion in an all stock transaction.
Walt DisneyWalt Disney to acquire 33% stake in Hulu from Comcast for approximately $8.6 billion. If that's not entertainment we don't know what is.
AbbVieAbbVie said, as the year went to its end, it will pay $10 billion for the biotech firm Immunogen acquiring an approved treatment for ovarian cancer and buying into a burgeoning area of oncology.
Occidental Petroleum (Oxy) announced on that it has entered into a purchase deal to buy CrownRock LP, a joint venture of CrownQuest Operatingand Lime Rock Partners, for around $12 billion in cash and stocks.
And as icing on the cake Nippon Steel said will acquire U. S. Steel in an all cash transaction at $55.00 per share, representing an equity value of approximately $14.1 billion plus the assumption of debt, for a total enterprise value of $14.9 billion.
To protect Montanans’ personal, private, and sensitive data and information from intelligence gathering by the Chinese Communist Party, Governor Greg Gianforte banned TikTok from operating in Montana.
The ban, in this form or another, spread around the world, all the way to Nepal. Nepal’s government has decided to impose a ban on TikTok in the country, citing its negative effects on social harmony. Harmony or not, it is fact that this is one of the most dangerous apps out there.
We don't know what 2024 will bring, but if we can judge by this year, there are billions to be spent out there and it will be a very good year. ■