AT&T Ruling Reinforces Our Views On Merger Arbitrage

Lyxor
By June 19, 2018 05:08

AT&T Ruling Reinforces Our Views On Merger Arbitrage

The weekly Brief

Last week, a court ruling gave the green light to the vertical integration between AT&T and Time Warner. The transaction, which was eventually valued at USD 107bn, was announced in late 2016 but was challenged by the Department of Justice to keep content separate from distribution. The unequivocal decision, being that the Justice Department won’t appeal the court ruling, has implications that go far beyond the deal itself. It translated into a significant spread tightening for several deals such as CVS vs. Aetna and Cigna vs. Express Scripts. Meanwhile, the day after the above-mentioned court ruling, Comcast made an offer for Fox assets on top of Disney’s, setting the stage for a bidding war. It should also lead to additional M&A activity as the case contributes to clarify the rules on vertical mergers. Eventually, the decision could lead to reconsidering anti-trust laws.

Lyxor
By June 19, 2018 05:08

Search

Twitter

Don't want to miss #research on #centralbanks? Check out @Opinio_Pro -> https://www.opiniopro.com/tag/central-banks/ #ecb #fed

Hoe waardeer je een Subscription Company? Op 9 juni om 11:00 organiseren we het webinar: “Subscription Economy: the road to resiliency post-Covid-19”. Meld je hier aan: https://www.alpharesearch.nl/event/subscription-economy-the-road-to-resiliency-post-covid-19/

Check out our events calendar, with a lot of interesting #webinars! https://opiniopro.com/events/ #research #HomeOffice

Load More...

Search on date

June 2018
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930