Mergers and Acquisitions

AT&T To Buy Time Warner (Incl. WB, TNT, HBO, CNN) For US$80 Billion

Mergers and Acquisitions

Dolphin Cove, Jamaica’s First Tourism Junior Market Listing, Merges With Mexican Company

Dolphin Cove - An amazing attraction

Mergers and Acquisitions

Heineken To Takeover, Delist Desnoes & Geddes Ltd. Bye Bye Red Stripe.

Red Stripe Beer

Bulletin, Mergers and Acquisitions

Sagicor X Fund Raising J$4.2b (US$35m) To Acquire Convention Hotel In Florida

Sagicor Financial Corporation

Mergers and Acquisitions, Stocks / I.P.O.s

Heavy Weight Group Bids For Kingston Airport – Grupo Puntacana, Jamaica Producers & GB Group

Air Jamaica - Soaring to new heights

Jamaica’s Norman Manley International Airport, based in Kingston is being divested by the government. The airport is currently going through a bidding process and a heavy-weight group of investors are one of the forerunners to run the airport. Continue Reading

Mergers and Acquisitions

Sagicor Nabs Its 4th Hotel. First In The Tourism Capital

Sagicor Financial Corporation

The Sagicor Group, through it’s Sagicor X Fund subsidiary has made another real estate acquisition. Sagicor, which currently owns 3 hotel on the north coast and are in the process of developing a mega water park project, have now added a major coup to their real estate arsenal. Continue Reading

Mergers and Acquisitions

Proven Investments Buys First Global Financial Services Ltd For Over J$3 billion. Will Change Its Name.

Proven

Mergers and Acquisitions

US$19 Billion, Too Big To Understand. Facebook/WhatsApp Acquisition

Techcrunch reports that ‘Facebook is purchasing messaging giant WhatsApp for $16 billion in cash and stock, according to a regulatory filing. The deal is being cut for $12 billion in Facebook shares, $4 billion in cash and an additional $3 billion in restricted stock units (RSUs) for employee retention.’ Continue Reading

Mergers and Acquisitions

Sagicor Morphes Into Mega Group Structure

Sagicor Bank - 2012 Annual Report

Business Strategy, Mergers and Acquisitions

York Pharmacy Repositions As 24 Hour Operation. Aims To Beat Monarch

Kingston Jamaica based York Pharmacy, which was sold in late 2012 is now repositioning itself as a 24-hour operation. The Jamaica Gleaner reports;

York’s General Manager Newton Ramdial says new owners of the pharmacy, Serron Pharmaceuticals Limited, whose seven shareholders comprise medical doctors and other partners, are repositioning the pharmacy as a 24-hour operation with more services. Continue Reading

Mergers and Acquisitions

Yahoo to be hip again Qz reports, Yahoo CEO Marissa Mayer has made her first major move to try to make Yahoo cool again. The Wall Street Journal reports that Yahoo’s board today approved a $1.1 billion deal to acquire … Continue reading

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Developing: Yahoo to Buy Rockstar Blogging Platfrom Tumblr

Business Strategy, Mergers and Acquisitions

JMMB To Acquire Remaining 50% of T&T Bank

Jamaica Money Market Brokers (JMMB) is in the process of closing a deal to increase its share ownership giving it full control of the Intercommercial Bank Limited (IBL), a small commercial bank in Trinidad and Tobago. Continue Reading

Mergers and Acquisitions, News Ticker

Kingston Wharves Acquires Shipping Services Ltd For $122m

Kingston Wharves

Kingston Wharves

Kingston Wharves Limited (KWL) has acquired the stevedoring operations of Shipping Services (Stevedoring) Limited for some $122 million in an effort to expand and improve the range of services it offers to shipping lines that call at the Port of Kingston. Continue Reading

Mergers and Acquisitions Tagged

One the Caribbean’s Biggest Rebranding Efforts! Shell Gas Stations to Rebrand as Rubis

For 90 years, Shell has remained the most ubiquitous name on service stations across Jamaica, but that era is coming to an end. In less than 13 months, the brand which now graces 52 stations will disappear from Jamaica.

Business Strategy, Marketing Sponsorship Endorsements, Mergers and Acquisitions, News Ticker Tagged

NCB Capital Markets gets all-clear for AGI purchase

NCB Capital Markets has been given the regulatory nod to acquire Advantage General Insurance (AGI).

Mergers and Acquisitions, News Ticker

Lascelles deMercado Receives Official Offer From Campari

Mergers and Acquisitions, Stocks / I.P.O.s

Campari – This is Not The Quality Video We’re Expecting From Such A Cash Rich International Brand!

Campari’s CEO Bob Kunze-Concewitz’s (Amateur) Video On the Lascelles deMercado Acquisition

Bob Kunze-Concewitz, Chief Executive Officer of Davide Campari-Milano SpA and his team releases a hurriedly put together promotional video about it’s Lascelles deMercado acquisition. Obviously they are proud of their investment and are happy to get the news out – however this video is certainly lacking. Bob can be seen quite often looking at the prompter for the words and he even pauses quite a few times as he reads what’s written.

We wish you all the best Campari, but you will certainly have to do a lot better in your releases.

Business Strategy, Mergers and Acquisitions

Campari’s CEO Speaks With Bloomberg About the Lascelles Acquisition

Sept. 3 (Bloomberg) — Bob Kunze-Concewitz, chief executive officer of Davide Campari-Milano SpA, talks about the company’s acquisition of Lascelles deMercado & Co., the Jamaican maker of Appleton rum, and the outlook for the spirit industry. He speaks from Milan with Manus Cranny on Bloomberg Television’s “Last Word.” (Source: Bloomberg)

Business Strategy, Mergers and Acquisitions

BIG BUY: 81.4% of Lascelles deMercado & Co Sold to Italy’s Campari for US$415 million

Deal to be paid in cash. Appleton, Wray and Nephew and Coruba brands sold

The Financial Times, Reuters, Bloomberg and a number of new sources including the Gleaner have reported that 81.4% of Jamaica’s Lascelles is being sold to Italy’s Campari for US$414.8 million or around 330 million Euros. Continue Reading

Business Strategy, Mergers and Acquisitions