The planned acquisition includes iconic franchises from the Activision, Blizzard and King studios like "Warcraft," "Diablo," "Overwatch," "Call of Duty" and "Candy Crush," in addition to global . CEO Dr. Mary Dailey-Smith founded - March 03, 2023 - Benchmark International, Acquisition strengthens HR tech leaders offering in global employee engagement. Founded in 2001, Blue Ridge Rescue Suppliers is the leading Honeywell First Responder turnout gear provider to municipalities and volunteer fire departments throughout Virginia. Ultimately, Announcement Day is your chance to solve a classic asymmetric information problem: Management knows more about the transaction than investors, so investors can only go by what management tells them. Its time for new M&A ideas to bloom, register for the M&A Science Spring Summit on May 19th! (Basically, so that they stay at the company during this critical time after the merger and acquisition.). The story that youre telling the strategic logic must address why the company can beat existing expectations, as reflected in the pre-announcement share price, and do so in ways not easily replicated by competitors. Apr. Acquire news about the latest company mergers, acquisitions, partnerships and mutually beneficial agreements. My Wholesaler Supply. The seller, E-Vergent.com, is a provider of fast, reliable, high-speed internet and VoIP service. Heres an example of a press release announcing an upcoming acquisition after both parties agreed on the terms. Well, weve nailed the press release layout, but were not done. Thats why companies need to do a better job of managing Announcement Day. Well, explain this to your employees. Product Use Cases Resources Pricing Sign in Free Trial Mergers & Acquisitions Press Release Example Telenet used Prezly to announce their acquisition of BASE Company NV. It has been over two decades since Vodafone acquired Mannesmann AG, for $200 billion, still the largest acquisition of all time. They service Southeastern Wisconsin and Northwestern Illinois with their vast fiber - February 04, 2023 - Benchmark International, BDA Partners is pleased to announce that its client, NeoGraf Solutions, a portfolio company of Aterian Investment Partners, has been sold to Edgewater Capital Partners. Morgan Stanleys acquisition of E*Trade could be considered a synergistic acquisition or an acquisition aimed at acquiring technology, as there is considerable overlap. - January 18, 2023 - Estate Depot, Benchmark International has successfully facilitated a transaction between New York City-based Cookie DO, Inc. and NeilEats.com, also based in New York City. Say goodbye and endless email chains and excel spreadsheets. Your organization is merging or acquiring for a reason, right? How do you write and format a business acquisition press release? February 9, 2021 By Sean Whooley Royal Philips (NYSE: PHG) announced today that it successfully completed its acquisition of all outstanding shares of BioTelemetry (NSDQ: BEAT ). December 19, 2018 02:03 AM Eastern Standard Time NEW YORK-- ( BUSINESS WIRE )--Pfizer Inc. (NYSE: PFE) and GlaxoSmithKline plc (NYSE:GSK) today announced they have entered into an agreement to. Select search scope, currently: articles+ all catalog, articles, website, & more in one search; catalog books, media & more in the Stanford Libraries' collections; articles+ journal articles & other e-resources [As an aside, ACCESSWIRE allows logos, photos, and even embedded videos at no extra cost in all press release distributions; see below for details. Municipal Emergency Services (MES, Inc.) acquired Blue Ridge Rescue Suppliers on January 13, 2023. Leaders are setting a tone and expectations for how things will work before and after the deal closes. Such is the power of an acquisition that extends a companys product line. The Nest Warehouse. Get insights from M&A Experts. NCMGY 6.58%. In 2015, recognizing a global thirst for energy drinks, the Coca-Cola company went looking for a popular energy drink to bolster its portfolio. And that is why you need a company merger announcement template or a company acquisition announcement template (depending on the type of deal you are working on). Learn more about the largest 13 Largest M&A Deals of all Time and check out our Guide to Mergers & Acquisitions. The biggest of these was the merger between China Guodian Corporation and Shenhua Group, creating what is thought to be the largest coal producer in the world with assets of just under $300billion. An example of an acquisition (or series of acquisitions) to enter a new geography is well exhibited by Banco Santanders acquisitions in Argentina. (Note: We'll go back to storage tomorrow, but for today, I will talk only about the IBM Red Hat acquisition) Andrew earned an MBA from Indiana University as well as a bachelor's degree from Ohio State University. This facility is comprised of 449 units totaling 47,100 rentable square feet, providing safe and secure - January 27, 2023 - Absolute Storage Management, Benchmark International is pleased to announce the transaction between Gem Drugs, Inc. and Vital Care Infusion Services. So let's work hard, focus on our customers and make this an amazing . Super Supplies A&M. The announcement was officially made on Nov 2nd at the San Francisco office of XYZ Corporation. Headquartered in Arlington, and with - February 17, 2023 - Paschal Air Plumbing Electric, Chinas private equity (PE) industry faced strong headwinds in 2022 due to factors including a slowing economy, COVID-19 restrictions, increased regulatory scrutiny, and higher prevailing interest rates globally which weighed on public market valuations. Tire Kingzzzzz, New York City's premier tire importer and fitter, has acquired tire engineering firm, Tredz&Thredz. To say that the acquisition was a success would bean understatement: in 2020, the Android operating system was the operating system operating in over 70% of the worlds mobile technology, with this figure reported to increase in the following years. We realize business leaders are busy, perhaps with more important things than the fundamentals of a press release. It acquired a stake in energy drink business Monster - the worlds second largest selling energy drink after Red bull - for $2.15bn, allowing customers to open that fridge and take out a cola, a lemonade, an orange, water, juice or an energy drink, which are all amongst Coca-Cola's product and brand portfolio. The seller, Nationwide Express, is a Central Tennessee-based company providing dedicated trucking services, warehousing, 3PL logistic services, and recycling transportation. Keane Group's merger with C&J Energy Services. The decision is expected to . LinkedIn says that this will show a visible association and link between the acquired and parent companies without negatively impacting its members' profiles. Announcement Day serves three important functions. Establishing a new brand message due to a merger or acquisition can be a daunting process but when you plan well and communicate effectively it can present a golden opportunity to unify cultures, improve client relationships and . A press release is short and to the point, never much longer than a page in length. With this acquisition, Paschal Air - March 30, 2023 - Paschal Air Plumbing Electric. The strategic acquisition is part of XYZ Corporation's plan to expand its market reach. That has started to change quite rapidly with giants from emerging market companies now competing on the world stage. When investors are in doubt they tend to assume the latter so do employees. The [New Acquisitions] is a leading [Name of Business] for providing [Name of Services/Products]. Tim Beed, Chief Business Development Officer, explains, Spartaco has a long history of providing products and solutions that help professional tradespeople get the job done right the first time. Contact information for representatives at your organization. Second, press releases, investor presentations, conference calls, and interviews will provide all stakeholders with fodder for their own evaluation of the transaction. Make sure that you provide them with contact information for a human resources representative that can answer these questions. This facility is comprised of 573 units totaling 88,396 rentable square feet, providing safe and secure - February 25, 2023 - Absolute Storage Management, Local acquisition of Bedico Storage Annex is bringing professional self-storage management to the city of Ponchatoula. The most important thing to take into consideration in preparation for issuing a press release is, every press release must be newsworthy. That is, the announcement has to have a kind of greater meaning and media contacts must feel that the news is a good fit for their outlet. This tends to be a preferred method for smaller companies looking to develop working relationships with media contacts. Three questions to guide your communication strategy. 11 recent mergers and acquisitions 2022 These are the largest M&A deals of 2022 so far, in descending order. That's why live chat is another customer acquisition channel we'd like you to take into consideration. A press release is a PR strategy tool with lots of benefits. The acquisition is expected to close sometime in late Q3 - until then we will continue to operate business as usual. M&A communications must signal that senior management fully understands what it is proposing and promising and that it can follow through. Before announcing a deal, acquirers should be able to confidently answer these three questions. These are the questions that keep M&A industry onlookers in business. Many journalists covering a relevant sector would likely consider reporting on an acquisition, as it signals growth within a company and a potential change to the market. All quotes are in local exchange time. When announcing the sale of a company, it's important to make sure people know that whatever changes are on the way, they're going to be positive. The Fruit Company Expands Tourism Operations with Acquisition of Mount Hood Railroad The renowned gourmet gifting company is quickly becoming a top tourism destination in the Pacific Northwest.. Such as your marketing team, legal team, shipping team, etc. First, well-conceived M&A communications during diligence can serve as a litmus test of the deal logic for acquirer executives where they can think like an investor well before Announcement Day itself. Your submission has been received! MailChimp isn't afraid to throw in some fun and take things offline. - March 16, 2023 - Pioneer Realty Capital, Spartaco Companies (Spartaco) is pleased to the announce the acquisition of the Bulldog Bender brand of cable benders. How Companies Win the Mergers and Acquisitions Game. The more specific you can be about these, the better. Company Merger Announcement Letter to Employees Download Letter Today, we announce exciting news: Company A has completed its with Company B. So, while focusing on this initial announcement is great, you will also want to have letters prepared for each of your specific stakeholders that will notify them of this change sooner rather than later. - January 10, 2023 - MDN Group, John Whitford Communications has acquired Quickdraw Networks Starlink Installation service in Mohave County Arizona. Listing broker Virtual Realty Partners and out of state cooperating broker Michael Morrison of Midcoast Properties, Inc. represented the seller in the sale of Chesdin Storage in Petersburg, VA. CVS Health The CVS Health company announcement on minimum wage In this example, CVS Health, the nationwide healthcare company that owns the CVS Pharmacy chain, announced an increase in the minimum wage for its employees across all locations. Lion Announces Hong Kong Virtual Asset Trading Platform License Application,Nov 17 2022. Get access to Intelligent Relations before your competitors do. Unique Wholesaling Business Names: Sam's Bargain Outlet. New Partnerships. The best tip for anyone dealing with a major business announcement is to be as open and transparent as you possibly can, and to make the . That premium is a shock to the system that no one expected an immediate and direct addition to the growth value of the target and the cost-of-capital clock starts ticking on Day 1. New Management for Local Self-Storage Facility in Dahlonega, Georgia, New Management for Local Self-Storage Facility in Ponchatoula, Louisiana, New Management for Local Self-Storage Facility in Pflugerville, Texas, Reveal Acquires US-Based PartnerHacker to Bring "Nearbound" to the Market, Paschal Air Plumbing & Electric Expands to the Dallas-Fort Worth Metroplex, Benchmark International Successfully Facilitated the Transaction of Nationwide Express to Jones Logistics, Benchmark International Facilitated the Transaction of E-Vergent.com to Tahoe Network Infrastructure, New Management for Local Self Storage Facility in Midway, Georgia, New Management for Local Self Storage Facility in Brunswick, Georgia, Benchmark International Facilitated the Transaction Between Gem Drugs, Inc. and Vital Care Infusion Services, Benchmark International Facilitated the Transaction of Invision Architecture Ltd. by the HFW Companies, BDA Advises AGC on Sale of AGC Flat Glass (Dalian) to Shanghai Yaohua Pilkington Glass, BDA Partners Advises Synokem Pharma on Strategic Growth Investment from TA Associates, Zifo R&D Solutions Announces Acquisition of beyontics GmbH, Estate Depot Has Been Acquired by Estate Synergy Network, Benchmark International Successfully Facilitated a Transaction Between Cookie DO, Inc. and Neileats.com, Municipal Emergency Services Acquires Blue Ridge Rescue Suppliers, Occams Announces Acquisition of a Leading Technology-Based Knowledge and Quality Company, Benchmark International Successfully Facilitated the Acquisition of KES Excavating Services by Bug Tussel Wireless, Benchmark International Successfully Facilitated the Transaction Between W.A. New client acquisition executive. AFD is a float glass manufacturing company located in Dalian, China specializing in - January 20, 2023 - BDA Partners Ltd, BDA Partners is pleased to announce that its client, Synokem Pharmaceuticals Ltd, has received a strategic growth investment from TA Associates. 11, 2023 . After the initial deal announcement, investors react negatively and the acquirers stock drops. For example, announcements should be shared at the same time, and the content that goes up should be thoroughly brand-consistent on both . This logic must be accompanied by reasonable operating targets that can be easily understood, tracked, and monitored. One of the critical mistakes that acquirers make is the mismanagement of Announcement Day, which usually arrives in the form of a carefully staged conference call packed with journalists and analysts and plenty of excitement. Nationwide operates - February 13, 2023 - Benchmark International, Benchmark International is pleased to announce the acquisition of E-vergent.com by Tahoe Network Infrastructure. You dont want to make a journalist read all the way to the end paragraphs to discover the name of the company youve acquiredtrust us, they wont make it that far. You can find our merger and acquisition press release template with the button below. TimeXtender Announces Acquisition of BI Builders as Part of Long-Term Growth Strategy, FULFLLD Acquires Nillam Logistics to Expand White Glove Delivery Services for Brands, Benchmark International Facilitated the Transaction Between Appellation Construction Services and Whiteley Infrastructure Group, Benchmark International Successfully Facilitated the Transaction Between Integrity Arts & Technology, Inc. and Swagger Agency, Benchmark International Facilitated the Transaction Between Ultra Clean Systems Inc. and Getinge AB. Both the purchase and gaining control of another company or entity is a big deal for a business, and it could mean expanded growth and market share. Michael is a leading self-storage broker for the firm, representing both buyers and sellers in the Southeast. Initial announcement When the deal closes, you'll send around an email to your employees announcing the merger. But, if you get the basics down pat this first time, youll make generating press releases increasingly easier for yourself going forward. Chesdin Storage, located in Petersburg, VA, is a 40,600 - March 30, 2023 - Midcoast Properties, Inc. Michael Morrison of Midcoast Properties, Inc. represented the buyer in the sale of Eclipse Storage in Evans, GA. Michael is a leading self-storage broker for the firm, representing both buyers and sellers in the Southeast. Tips for Writing an Acquisition Press Release. Putting a structured merger communications plan in place. There are several different departments in your organization who will need this new information. The company focuses on people, process, and - April 15, 2023 - Benchmark International, TimeXtender, a data management and automation software company based in Aarhus, announced today that it has acquired BI Builders, a data automation software company based in Stavanger, Norway. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Wrong! Failing to do so could mean your press release getting passed over altogether. What do they sell?). To distribute your press release DIY style, you need to locate and compile a list of email addresses for reporters and editors to then pitch them your press release. With this in mind, here are six tips for making effective acquisition announcements: Consider the audiences and create specific messaging But, it could also be that you want to focus on other things for your businesswell, fret not, we can help. - January 15, 2023 - Benchmark International. If your business is sending out a press release to announce a relaunch, for example, a classic mistake would be a quote like 'We're delighted to announce our relaunch. One of the factors that makes acquisitions such a fascinating area of finance to study is that, while all transactions are relatable to some extent, no two deals are the same. Acquisition Press Release Format {Acquiring Company name}, {the industry in which the company operates} has acquired {mention the target company and when the acquisition took place} announcement came in {Mention where it was announced, some information about the target company and why the acquisition took place}.According to sources {write official relevant information} and {target company . Hello team, I am happy to announce that Andrew Stevens will be joining Posh Puppy as a client acquisition executive in the sales department. MillerKnoll Stock Tumbled. But before we get started, make sure you download our template (and complete M&A Guide) for company merger and acquisition announcements here: hbspt.cta._relativeUrls=true;hbspt.cta.load(3044396, 'ec9ce763-9304-498f-b5a3-b872c5b8ddce', {"useNewLoader":"true","region":"na1"}); There are several things your organization(s) will want to consider before announcing a merger or acquisition. 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