NXP and Freescale unite in $40 billion merger

Two global semiconductor companies have entered a multi-billion dollar buyout that is expected to reshape the world’s tech industry, KVUE reported on Monday, March 2.

Dutch company NXP Semiconductors acquired Austin-based Freescale Semiconductor Inc. in a buyout worth more than $11 billion. Combined, the two companies are expected to be worth about $40 billion. The deal would also allow the Dutch company to diversify its business portfolio and expand into additional markets, such as the automotive and appliance industries.

Freescale has a large work base of 16,000 employees. Austin economist Angelos Angelou said he is not expecting any lay-offs to occur in its wake.

Mergers and acquisitions often allow businesses to establish wider market coverage. If you want to learn more about the legal intricacies surrounding these business processes, a Cedar Rapids-based business lawyer at Arenson Law Group, PC can advise you and, if appropriate, guide you through this process. Call us at (319) 363-8199 today.

Staples and Office Depot discuss possible merger

The two largest office supply chains in the country, Staples Inc. and Office Depot, have reportedly been talking about the possibility of a merger, The International Business Times revealed on Tuesday, February 3.

The reports about the possible merger came after activist investor Starboard Value LP called for the two leading office supply retailers in the country to merge, saying that a combined company would result in greater savings. Starboard Value LP owns 10% of Office Depot and 5.1% of Staples.

Last year, analysts from Credit Suisse encouraged the two companies to combine, saying that it would make them a better competitor against other retail giants, Wal-Mart and Amazon.

With 4,000 stores combined, the two would have estimated annual sales of more than $35 billion should the merger took place.

Mergers can help your business establish greater market leadership. If you are considering creating greater market impact through merger and acquisition, our team of business law attorneys at Arenson Law Group, PC, can guide you through this process while keeping your best interests in mind. Call us at (319) 363-8199 to learn more about how we can help you.

FTC approves clearance of Medtornic’s acquisition of Covidien

The U.S. Federal Trade Commission (FTC) has announced its regulatory clearance of Medtronic’s $43 billion acquisition of Irish medical-supply company Covidien on November 26, but under certain conditions, Nasdaq reported.

Because the FTC believes the purchase will be anticompetitive as both companies are developing drug-coated catheters for U.S. consumers, the agency required Medtronic to sell Covidien’s catheter business unit to Colorado-based Spectranetics Corp. To resolve the issue, Medtronic has already announced the $30 million sale earlier this month.

The buyout, which would combine two of the biggest medical supply makers in the world, is expected to conclude in early 2015.

Acquisitions such as this would require meeting all the regulatory and legal prerequisites before being finalized. As such, it is important to seek the help of a qualified and experienced acquisitions attorney who can help you breeze through its necessary legal steps. Speak with a Cedar Rapids business lawyer at Arenson Law Group, PC, by calling (319) 363-8199 today.

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