Agenda: Couche-Tard, Bank of Montreal, Moller-Maersky, Microsoft, Novavax.
Image via Couche-Tard
A new acquisition for Couche-Tard. According to Yahoo, the Quebec company Alimentation Couche-Tard has signed an agreement with Pic Quik to acquire 19 convenience stores in New Mexico. This transaction fits very well with Couche-Tard’s business strategy: growing through acquisitions. The company’s new acquisitions are mostly in southern New Mexico. New Mexico is not a new geographic region in terms of customers for Couche-Tard as the company is already present through Circle K. Couche-Tard has over 14,000 convenience stores in 26 countries.
The Bank of Montreal buys in the United States. Bank of Montreal announces the acquisition of Bank of the West. The transaction is valued at over US $ 16 billion. According to BMO’s press release, this transaction will grant BMO access to over 1.7 million new customers and a presence in over 30 US states. In addition, this transaction allows BMO to gain access to markets that qualify as high growth for individuals and businesses. This transaction will be completed later in 2022 and has been approved by the boards of directors of both parties involved.
Image via Moller-Maersk
One of the world's leading shipping companies buys a Chinese company. The Danish-born AP Moller-Maersk company specializing in maritime transport announces a transaction for the purchase of the logistics branch of Chinese Li & Fung. According to Yahoo Finance, this transaction is valued at more than $ 3.5 billion and will strengthen Moller-Maersk’s already dominant position in Asia. Moller-Maersk is an important player in the supply logistics chain for many consumer brands including those in the trade, retail and fashion industries for Asia-Pacific geographies.
Microsoft has permission to purchase Nuance Communications. According to an EU Press Release, the European Commission has allowed Microsoft to acquire Nuance Communications which specializes in artificial intelligence. The European Commission concluded that this transaction does not pose any threat to competition within the European Union, particularly within the fields of software, cloud services, and enterprise communication services. This transaction is valued at nearly US $ 20 billion.
More good news in the fight against COVID-19. According to EMA Europa, the American company Novavax, which manufactures COVID-19 vaccines, has received permission from authorities of the European Commission for the distribution of its vaccine in the European Union. The first deliveries of the vaccine are expected in the first months of 2022. Previously, vaccines from BioNTech/Pfizer, Moderna, AstraZeneca and Johnson & Johnson received permission for distribution in the European Union.
תגובות