DONE DEAL! This Week’s Mergers and Acquisitions

M&A activity was pretty significant this week with a few major deals announced, but there was a lot of speculation as well!

Here’s your Cheat Sheet to mergers and acquisitions completed last week:

  • GE (NYSE:GE), on the forefront of every product and service imaginable (particularly dishwashers), plans to acquire the John Wood Group’s well-support business for $2.8 billion.  This deal will allow GE to improve and expand its deepwater oil and unconventional natural gas production services, which, given supply forecasts by the International Energy Agency, is a clever move.
  • The whole Sanofi-Aventis (NYSE:SNY)/Genzyme (NASDAQ:GENZ) fiasco was getting old, fast.   The two companies were bickering over the price, and their opinions only differed by $1 or $2 per share.  Now it’s old news! Sanofi agreed to acquire Genzyme after nine months of negotiations. Sanofi agreed to pay over $20.1 billion, or $74 per share, in addition to performance-based payments based on the performance of Genzyme’s MS drug, Lemtrada, and two other products. Sanofi must be relieved about this, because it will allow the company to recover from revenue losses due to increased competition from generic brands.

Not all deals get done. Don’t Miss: The Rumor Mill: Mergers & Acquisitions in Question >>

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