Ho Bee Land—controlled by Singaporean billionaire Chua Thian Poh—has offered to buy AVJennings in a deal valuing the Australian home builder at A$391 million ($242 million), sparking a bidding war with American real estate giant Proprium Capital Partners.
Boeing has announced its acquisition of its largest supplier, Spirit AeroSystems. It may be the best of bad options for the embattled companies, but it will take Boeing years to straighten out the money-losing supplier and the quality problems that have bedeviled both of them.
Cisco notched its worst day in five months after unveiling the largest takeover in its history.
US private equity firm Advent International has bought a majority stake in womenswear label Zimmermann, setting a new bar in the Australian fashion industry with the $1.5 billion acquisition.
Australian hospitality technology group Liven has acquired four tech companies worth a combined $152 million, in a bid to fuel international expansion.
Mergers and acquisitions are being abandoned over ESG concerns, with buyers unwilling to risk reputational damage in pursuit of growth.
Most buyers do now have a clear strategy, have adjusted to higher debt levels and are looking for high quality targets.
Acquisition can be a complicated, but it doesn’t have to come at the cost of your company’s hard-earned culture.