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Last year was a big year for mergers and acquisitions, and 2015 boasted some of the largest moves since the start of the recession. There are several reasons why companies engage in mergers and acquisitions, the most common being economic growth and the absorption of potential competitors. A brokerage service in Minneapolis can help businesses decide how and when a merger will benefit them the most. Here are some of the biggest mergers and acquisitions from 2015. Pharmaceuticals As providers and drug companies sought to meet the demands of an ever-changing healthcare market, 2015 was a big year for pharmaceutical mergers. CVS announced its acquisition of Omnicare for $12.7 billion. Omnicare has long been a leader in senior care and long-term nursing supplies. This is a growing demographic in healthcare as the average lifespan continues to rise. Pharmaceutical giant Pfizer bought out Hospira for $17 billion. Hospira adds significant diversity to Pfizer’s product portfolio with their range of acute-care and oncology technology, medication management products, and biosimilars. For $21 billion, AbbVie acquired Pharmacyclis and its claim-to-fame, Imbruvica. Imbruvica is one of the most effective treatments for blood-based diseases on the market today, and Pharmacyclis will help to expand AbbVie’s cancer treatment and hematological oncology divisions. Technology Intel moved to buy Altera for $16.7 billion in order to expand its product line. Altera’s line included advanced programmable logic devices (PLDs) and development software. Avago tech recently finalized the acquisition of its former rival Broadcom for $31 billion. Avago predicts new yearly revenues of $15 billion, making it one of the largest and most diversified semiconductor manufacturers on the market. Communications The largest merger by far in 2015 was that of two telecommunications giants, Charter and Time Warner. Time Warner’s merger with AOL in the year 2000 for $186.2 billion still holds the record for the worst deal in corporate history. However, the Charter and Time Warner merger, totaling $78.7 billion, now makes them the largest cable television and broadband providers on the planet. All eyes will be on this pairing to ensure the merger does not result in a monopoly and stifle competition. More big names are primed to come to the negotiating table in 2016, which means more opportunities to get in on the action. Is your business ready for the big move? Consult your local brokerage service in Minneapolis for more information.
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