Quentin's Feed
Apr 7, 2015
via Breakingviews

FedEx bets $5 bln on Europe’s potential with TNT

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

FedEx is making a big opportunistic bet on Europe. The U.S. shipper has agreed to buy ailing Dutch rival TNT Express for 4.4 billion euros ($4.8 billion) in a friendly, all-cash deal. That seems a full price for a troubled target – but cost savings, cheap debt and a strong dollar could help deliver good returns.

Mar 20, 2015
via Breakingviews

Review: The lucrative and controversial Blair Inc

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Politics has a problem in the era of the global billionaire. The challenge is illustrated by the business empire of Tony Blair – dubbed “Blair Inc” – in a timely new book by veteran reporters Francis Beckett, David Hencke and Nick Kochan.

Mar 13, 2015
via Breakingviews

Holcim can push for more in Lafarge tie-up

Photo

By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Holcim can secure a better deal from Lafarge. The Swiss cement group is outrunning its French rival, creating cracks in their $44 billion tie-up. Deal failure would hurt both groups. So concessions are more likely than the premature end of this “merger of equals,” as happened with advertising powerhouses Publicis and Omnicom last year.

Mar 13, 2015
via Breakingviews

Holcim can push for more in Lafarge tie-up

Photo

By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Holcim can secure a better deal from Lafarge. The Swiss cement group is outrunning its French rival, creating cracks in their $44 billion tie-up. Deal failure would hurt both groups. So concessions are more likely than the premature end of this “merger of equals,” as happened with advertising powerhouses Publicis and Omnicom last year.

Mar 2, 2015
via Breakingviews

French telco buyout shows dealmaker in a hurry

Photo

By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Patrick Drahi is in a hurry. The telecoms magnate has persuaded fellow French billionaire Vincent Bolloré to sell Vivendi’s residual 20 percent stake in Numericable-SFR for 3.9 billion euros. The deal comes just three months after Numericable, then a Drahi-owned cable group, bought SFR after a hot auction. It foreshadows further consolidation in French telecoms – and possibly more M&A by Vivendi.

Mar 2, 2015
via Breakingviews

French telco buyout shows dealmaker in a hurry

Photo

By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Patrick Drahi is in a hurry. The telecoms magnate has persuaded fellow French billionaire Vincent Bolloré to sell Vivendi’s residual 20 percent stake in Numericable-SFR for 3.9 billion euros. The deal comes just three months after Numericable, then a Drahi-owned cable group, bought SFR after a hot auction. It foreshadows further consolidation in French telecoms – and possibly more M&A by Vivendi.

Feb 25, 2015
via Breakingviews

Protected: Most read on Breakingviews

This content is password protected. To view it please enter your password below:

Password:

Feb 24, 2015
via Breakingviews

Hitachi’s $2 bln deal signals Italy open for M&A

Photo

By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Hitachi’s $2.2 billion deal signals that Italy is open for M&A. The bullet-train maker has agreed to buy Finmeccanica’s rail units. In Italy, and across continental Europe, sales of high-end industrial assets to Far Eastern investors can be controversial. But Hitachi is a credible buyer offering a full price. It helps that the seller is keen to restructure and has sought these divestments for years.

Feb 16, 2015
via Breakingviews

Michele Ferrero leaves $25 bln-plus Nutella empire

Photo

By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Michele Ferrero leaves a $25 billion-plus empire. The confectioner, who has died at 89, had a gift for creating and marketing treats, building Italy’s biggest fortune from nutty spread, Kinder Eggs and Tic Tacs. Stock markets and deals were both anathema. Rivals will hope his heirs tire of independence.

Feb 16, 2015
via Breakingviews

Michele Ferrero leaves $25 bln-plus Nutella empire

Photo

By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Michele Ferrero leaves a $25 billion-plus empire. The confectioner, who has died at 89, had a gift for creating and marketing treats, building Italy’s biggest fortune from nutty spread, Kinder Eggs and Tic Tacs. Stock markets and deals were both anathema. Rivals will hope his heirs tire of independence.

    • About Quentin

      "Quentin Webb is an Associate Editor at Reuters Breakingviews. He covers mergers and acquisitions, corporate finance and private equity in Asia. He joined the Hong Kong bureau in May 2015 after four years in London. Before becoming a columnist, he was a news reporter for Reuters, where his last role was as European M&A correspondent. He has also worked as a correspondent in Brussels and as a credit-markets reporter. Follow Quentin on Twitter @qtwebb"
    • Follow Quentin