Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Dune Acquisition Corp. is a SPAC formed in December of 2020. Although nothing rivalled Xilinx's $35 billion acquisition of Advanced Micro Devices in 2020, last year did see Intuit buy Mailchimp for $12 billion and Square splash out a princely sum $29 . Employee Letter : Dell to Acquire Quest Software: Dear Quest Employees: This . [As an aside, ACCESSWIRE allows logos, photos, and even embedded videos at no extra cost in all press release distributions; see below for details. Day 1 M&A Communication Plan. Charles Caleb Colton No matter how you slice it, the announcement of a merger or acquisition is a significant change for both companies involved in the deal, and the process is a long exercise in precise, deliberate composition. This browser is no longer supported at MarketWatch. Thats why companies need to do a better job of managing Announcement Day. Communications on Announcement Day requires that both buyer and seller consider and address the full world of stakeholders who will become aware of the deal when the press release is issued. If the presentation goes awry, what investors hear is that management doesnt have a plan and they react accordingly. The initial announcement will be responsible for letting your investors and employees know that you are currently working on closing, or have closed, a merger or acquisition. Lion Announces Hong Kong Virtual Asset Trading Platform License Application,Nov 17 2022. ; and does your presentation convincingly like post-merger integration plans to the economics of the transaction? Probably the strongest evidence for the return of Merger Monday is the first week of June 2019. Super Supplies A&M. NeoGraf is a world leader - February 01, 2023 - BDA Partners Ltd, Local acquisition of Midway Climate Controlled Storage is bringing professional self-storage management to the city of Midway. 11 recent mergers and acquisitions 2022 These are the largest M&A deals of 2022 so far, in descending order. President and CEO Andi Owen bought a large block of stock. Now that you have downloaded the template, let's go over the details regarding what information should be included. - March 27, 2023 - The Fruit Company, Benchmark is pleased to announce the transaction between Asolva, Inc, and Harris Computer Systems, a Constellation Software Inc. portfolio company. If you explain the reason for the transaction, your employees will be more supportive of it. With the acquisition in October 2021, Tata's sons once again became the owners of Air India, India's very first commercial airline. After the initial deal announcement, investors react negatively and the acquirers stock drops. Familiar Warehouse. Service 1st Financial Raises $20 Million to Drive Decarbonization inNov 17 2022. Cool Wholesale Shop Names: Good Price Shop. These 10 dividend stocks are also expected to raise their payouts by as much as 15% through 2025. Bagel King is a Kosher-certified wholesale baking company servicing hotels, theme parks, hospitals, and restaurants directly throughout - April 01, 2023 - Benchmark International, Paschal Air, Plumbing & Electric, a leading provider of HVAC, plumbing and electrical home services, is proud to announce an addition to their operations in the Dallas-Fort Worth Metroplex following the acquisition of Straight Shooter Heating & Air. What are examples of business acquisition press releases? This facility is comprised of 547 units totaling - February 25, 2023 - Absolute Storage Management, The acquisition of the most influential partnerships media company marks a major milestone in Reveals ambition to revolutionize B2B partnerships. Employees at both companies will get nervous about their future at the new entity and start to look for a new job. Say goodbye and endless email chains and excel spreadsheets. In fact, youll be lucky if a contact dedicates even a few minutes to scanning yours. The average market capitalization of sellers relative to their acquirer was 46% very significant deals for acquirers. New client acquisition executive. But major M&A announcements that inject unnecessary uncertainty are even more disruptive, compounding the already unsettling effects of integration planning. If youve made it to this point in the guide, congratulations! Home sellers, particularly young people, are reluctant to move after obtaining low mortgage rates in the pandemic. The announcement should include the following information: Details about the companies Provide information about what each company does, what products or services they sell, their mission and values statements, and the history of the organizations. If they dont get it, they will flee. If they dont get it, they will flee. Before we get to the craft of a press release, were going to review its foundation. Benchmark International Successfully Facilitated the Transaction Between Inspirant Group Inc. and 10Pearls LLC. BidFair's acquisition of Sotheby's for $3.7 billion. 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 stock of selling firms not only also rose on the day . 5. Morgan Stanleys acquisition of E*Trade could be considered a synergistic acquisition or an acquisition aimed at acquiring technology, as there is considerable overlap. Aim for straightforward, clutter-free layouts that allow your words to shine. The facility was purchased by a regional buyer. (Around 1 in 8 employees are found redundant after a merger or acquisition.). - April 13, 2023 - TimeXtender, www.fulflld.com/disorder This logic must be accompanied by reasonable operating targets that can be easily understood, tracked, and monitored. 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. An old lesson worth relearning: The best acquisitions start with the best requirements 1 March 2023, 12:29 am. Transaction effective date If the deal is finalized, provide the date at which is was finalized. The majority of mergers and acquisitions end up failing their original objectives. When you're writing this announcement, avoid the corporate jargon. A PR pro should consider everything from specific messaging and information for each audience, while predicting what the news media will want to know. The Coca-Cola fridge is instantly recognizable worldwide, but its contents have continued to change over the decades in response to consumer tastes. The announcement of a potential acquisition is a critical stage in a SPAC's life cycle. Copper Tree, Inc. is pleased to announce, along with the support and trust of the entire Board of Directors and the Members of the Price Tower Arts Center (PTAC), their organization has acquired the historic Price Tower in Bartlesville, Oklahoma. Spanish bank Banco Santander has also adopted a roll up strategy of sorts, where the emphasis is on geographic expansion. However, from the synergies perspective, the $13billion deal allows Morgan Stanley to tap into $56 billion of low cost deposits, data about millions of E*Trades customer base, and a powerful new tool to add to Morgan Stanleys existing portfolio. 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 ). A press release is short and to the point, never much longer than a page in length. All States Ag Parts Aqcuires Steel Tracks, Inc. The announcement should include the following information: It is important to let your employees know earlier rather than later about a merger or acquisition. You have to convey the news in an upbeat way, but everyone knows that it means a few people will get rich, some people will lose jobs, or maybe the company just won't exist anymore. - March 16, 2023 - Pioneer Realty Capital, Spartaco Companies (Spartaco) is pleased to the announce the acquisition of the Bulldog Bender brand of cable benders. Focus on business objectives. The decision is expected to . In 1996, it acquired Banco Tornquist, cementing itself as the largest private banking entity in Argentina, a market with more banking consumers than Spain, according to Statista. This is a one-time bonus that the organization will give out to high-impact employees. Its acquisition of Slack for $27.7 billion in July 2021 was made after the company realized that the workplace had changed forever as a result of the Covid-19 pandemic. 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. Apr. Incidentally, the deal is also considered to be the largest hostile takeover of all time. The official announcement was made at the international tire convention in Los Angeles yesterday. Kison Patel is the Founder and CEO of DealRoom, a Chicago-based diligence management software that uses Agile principles to innovate and modernize the finance industry. A dynamic transaction from a merger and acquisition standpoint can be viewed as a disruptive change by families who share assets. Aimia Says Largest Investor Rallying Shareholders Against Board. IDEAS is a brand and experience design company whose clients traditionally come from the worldwide healthcare, government, enterprise, and entertainment - April 07, 2023 - Benchmark International, Benchmark International has successfully facilitated a transaction between Florida-based Ultra Clean Systems Inc. (Ultra Clean Systems) and Sweden-based Getinge AB (Getinge). Do you have a credible case with defendable and trackable synergy targets that you can deliver and that investors can monitor over time? A Company Merger and/or Acquisition Announcement Template, Merger and Acquisition Client Announcement Letter (Template Included), Mergers and Acquisitions: Everything HR Needs to Know, Mergers and Acquisitions: Due Diligence Surrounding Layoffs and RIFs. 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 #1 M&A Source for industry training, tools, trends, and expertise tohelp you optimize your M&A function. Wrong! Or income growth? Bank of America joins big-bank rivals in topping earnings estimates, TD's Schwab Investment to Contribute C$241M in Bank's 2Q, U.K. regulator says its launched merger inquiry into Amazons deal to buy iRobot, Amazon's Proposed $1.7 Bln Purchase of IRobot Gets Formal UK Competition Probe, TotalEnergies 1Q Variable Cost Margin for European Refineries Rose, UBS to Apply Repurchased Shares Toward Credit Suisse Acquisition, Employees asked about cancelled bonuses. Its rival's PRA023 drug can add 15% to 30% to Merck's long-term earnings once approved, according to Citi analysts. M&A communications must signal that senior management fully understands what it is proposing and promising and that it can follow through. Pfizer's purchase of Array Biopharma for $11.4 billion. Here are the 5 common acquisition type examples: Salesforce is an example of a company that has made acquisitions a central part of its growth strategy. Imports and Forever Cheese, MDN Group Announces Pre-M&A Advisory Services, Mohave Counties Quickdraw Networks Starlink Installations Acquired by John Whitford Communications. One more step away from the acquisition regulation that most vendors hate 17 February 2023, 12:38 am. The Examples of the Successful Acquisition Announcement Press Release eBay In the beginning, eBay's press release does an amazing job of describing why this new hire should attract journalists' interest: Jamie Iannone was the chief operating officer of Walmart eCommerce. The single most effective way to ensure your press release has the desired impact on readers is to make sure that it addresses the 5 Wswho, what, when, where, and whyright away. Titles for such spokespeople include CEOs, Presidents, Chairman of the Board, or other C-Level people. Describe the other organization that you're joining forces with. In this guide, were going to share everything you need to know about drafting, formatting, and distributing a business acquisition press release, as well as answer these key questions: Pay less than the cost of 1 press release per month. If the merger or acquisition has been made with changes to the overseeing company's logo, be sure to include that, and use the new version, going forward. Get access to Intelligent Relations before your competitors do. The reason for targeting was strategic expansion. MillerKnoll shares dove after the parent of Herman Miller issued disappointing guidance. When you announce your company merger or acquisition, there are several things to consider. And that is just one issue to worry about! What every single one has in common is a desire for corporate growth. Announcement Day serves three important functions. The acquisition of Android in 2005 for $50 million, enabling Google to enter the cellular phone market for the first time. Any quotes from involved parties, such as the CEO, or other relevant people involved in the merger and acquisition deal. 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. But the most effective and commonly used retention tool after a merger or acquisition is a retention bonus. 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. The company - April 06, 2023 - Benchmark International, Siddons-Martin Emergency Group is now providing sales and service in Arkansas and Tennessee in closing of the acquisition of G&W Diesel Service, Inc. of Memphis, TN. Invision Architecture is an award-winning pioneer of architectural and interior design solutions for clients in education, healthcare, hospitality, corporate, civic, - January 26, 2023 - Benchmark International, BDA Partners is pleased to announce that its client, AGC Inc of Japan, has agreed to sell AGC Flat Glass (Dalian) Inc (AFD) to Shanghai Yaohua Pilkington Glass Group Co. Ltd. (SYP). Any name changes to the newly formed entity, The impact that the merger or acquisition will have on the industry, shareholders, customers, and/or public, Information about any new products and/or services that will be offered as a result of the deal, The new companys mission, and any operational changes that will take effect. Second, press releases, investor presentations, conference calls, and interviews will provide all stakeholders with fodder for their own evaluation of the transaction. Get full-stack, AI-powered PR Our databases and AI pitching + a dedicated PR expert to manage your outreach campaigns. Learn valuable lessons that can be applied to your practice. Municipal Emergency Services (MES, Inc.) acquired Blue Ridge Rescue Suppliers on January 13, 2023. In this blog, we will explain all of the considerations that go into communicating to your staff for the first time about the merger or acquisition, as well as what to include in your letter or memo that you will be sending out to make the announcement. Come up with a clear plan for how both companies will be handling the transition on their respective social media. The acquisition is expected to close sometime in late Q3 - until then we will continue to operate business as usual. EX-99.3 8 d372322dex993.htm INTERNAL EMPLOYEE ANNOUNCEMENT Exhibit 99.3 . Get real-time insights andone-click reports, Empower collaboration, efficiency, and accountability, Transform how you divest parts of your business, M&A Deal Lifecycle Software for SPAC Mergers, See how our customers transformed their M&A process, Learn how our customers utilize the DealRoom platform to improve their M&A workflows, Explore the countless ways DealRoom saves M&A teams time and effort. Imports and New York City-based Forever Cheese. Below, we look at the six biggest acquisition deals of all time and some of the implications of each. Get weekly updates about M&A Science upcoming webinars, podcasts and events! My Wholesaler Supply. They are generally laid out similarly to a news article, with a clear and catchy headline, subheading, and answers to the 5 Ws within the first paragraph. Management also may decide to update investors with preliminary results ahead of investor days, investment conferences and major acquisitions. Here in the United States, were not accustomed to the government becoming involved in the M&A scene (with the notable exception of some interventions around the time of the 2008 financial crisis). Employees will want to know quickly and honestly how they will be affected. Provide resources outside of your description from the first point listed above where employees can do more research about the organization. Air India which was founded by JRD Tata came under government ownership . L & M is a Florida based compressor manufacturer. Were there similar synergies that were beneficial? Unique Wholesaling Business Names: Sam's Bargain Outlet. If you stumble in clearly and effectively conveying the logic and economics of the deal on Announcement Day, you will give investors reasons to sell and the value lost from the stock-price drop is likely to only get worse. This mergers and acquisitions press release provides a great example of an embedded video and image gallery. 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. This preliminary stage project is retainer-based and explores the possibility of an M&A transaction. These multibillion dollar deals are the ones that grab the most headlines and more often than not, attract the attention of anti-monopoly regulators concerned that the transaction may lead the acquiring company to wield too much power in their industry. It looked to the Latin American and later, European markets, where cultural and economic links gave it an advantage. Why not check out: 7 Biggest M&A Deals of 2022 (So far). As their core customers aged and occupancy at their small resort declined, the Arnott family (a pseudonym) contemplated the future of their fourth-generation family business. The motive for one company to acquire another is nearly always growth, although there is some contention around this issue; how does one measure the growth generated by the acquisition? Acquirers committed to their employee experience understand that their new experience begins at announcement. Providing contact names/email addresses/phone numbers for both companies is not unusual nor frowned upon, but in lieu of contacts for both companies, contact information for someone with the lead company will suffice. To do that, both quickly and effectively, the easiest way is to write and submit an acquisition press release. Intelligent Relations offers a wealth of services, from press release drafting to pitching, as well as larger-scope PR, that can help ensure your strategy is on point. Published on GlobeNewswire, this press release primarily celebrates the JuiceMarkets company founder taking on special projects for Odys Global and helping the business grow. (Note: We'll go back to storage tomorrow, but for today, I will talk only about the IBM Red Hat acquisition) Privacy Notice | If you are planning on taking part in a merger or acquisition, contact our experts at Benchmark International to guide you through every step of the journey, giving you the peace of mind you deserve. Historical and current end-of-day data provided by FACTSET. Well, weve nailed the press release layout, but were not done. Through event studies that look at the movement of the acquiring companys stock price? 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. The more specific you can be about these, the better. Oops! However the Slack acquisition is just one of many that have allowed the company to become a leader in the workplace technology space. By focusing on clear and compelling communication, you can convince investors and other stakeholders that you have a vision and a plan for creating new value, putting you firmly in the good camp. The transaction creates a strategic product expansion for their existing Healthcare companies. Leaders are setting a tone and expectations for how things will work before and after the deal closes. So the best investor presentations will have the new top management team and key reporting relationships in place when the deal is announced to avoid a leadership vacuum that can jeopardize the integration of the two companies. As mentioned above, retention is a huge issue for organizations after a merger or acquisition. Privacy Policy|Terms of Service | Responsible Disclosure Guidelines, complimentary demo of the ACCESSWIRE platform, simply click here. Therere also many ways to produce a press release. With that in mind, a business acquisition is a big deal, and would definitely be deemed newsworthy. An acquisition is a transaction whereby companies, organizations, and/or their assets are acquired for some consideration by another company. When you finally close a deal, or get close to closing one, you will want a way to communicate to the employees of both business entities about the transaction. One of the most critical aspects of an acquisition is ensuring everyone is on the same page. Quickdraw Networks is now part of the JW Group. 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. Under the terms of the agreement, Aegis Investigators will become part of Modern Defense, which will continue to - March 06, 2023 - Modern Defense, Benchmark International has successfully facilitated a transaction between Atlanta-based WeCareMD, P.C. There are sometimes occasions when there will be only one spokesperson to comment on the merger or acquisition, but ideally, decision-makers from both companies should deliver a satisfied, hopeful message that lets shareholders and/or stakeholders on both sides know that the merger/acquisition is a great thing. Rather than treating this crucial day as a simple comms exercise, acquirers need to tell investors and other stakeholders about the logic of the deal so that they understand why and how additional value will be created in the futureespecially if a premium is being paid. Make sure that you provide all the information they need, and give them the details about when they should start using the new logistical information. PE exits and fundraising - February 15, 2023 - BDA Partners Ltd, Benchmark International is pleased to announce the transaction of Nationwide Express to Jones Logistics. 11, 2023 . Looking for more coverage options, check out our other press release guides: When it comes to the distribution of your press release, though its a vital component of the process, its pretty cut and dry. 11, 2023 at 8:52 a.m. This is a unique opportunity for global communications firms seeking to expand their client base and elevate their presence on the international - April 04, 2023 - MessageHouse.com, Benchmark International has successfully facilitated the transaction between Orlando-Based Bagel King Wholesale Inc. (Bagel King) and Austin Circle Partners. Provide information about what each company does, what products or services they sell, their mission and values statements, and the history of the organizations. 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