Join 2,000+ forward-thinking M&A practitioners. When the $100 billion deal was announced in 2015, it made everyone in the already highly consolidated food industry - think P&G, Mars, Nestl, Danone, and others - sit up and take notice. Read the full press release here. If youve made it to this point in the guide, congratulations! The #1 M&A Source for industry training, tools, trends, and expertise tohelp you optimize your M&A function. Announcement Day serves three important functions. We realize business leaders are busy, perhaps with more important things than the fundamentals of a press release. DoD establishes new CIO to unify IT efforts in Office of the Secretary of Defense 18 October 2022, 2:25 pm. Were there similar synergies that were beneficial? The acquisition of an accurate and easy conversation, of some skill in music, and in pure and healthful diversions, are of great benefit in fitting one for social intercourse, in which one of the greatest sources of pleasure is found. 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 . Incidentally, the deal is also considered to be the largest hostile takeover of all time. Headlines You will want a title for your press release that is both catchy and genuine. Why should you issue a business acquisition press release? - January 05, 2023 - John Whitford Communications. Such as your marketing team, legal team, shipping team, etc. 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. Uncertainty is one of the unavoidable facts of life in M&A especially for employees who are the ones who have to execute the plan. That's why live chat is another customer acquisition channel we'd like you to take into consideration. Three questions to guide your communication strategy. What every single one has in common is a desire for corporate growth. An acquisition is a transaction whereby companies, organizations, and/or their assets are acquired for some consideration by another company. There are plenty of professional pointers that can help you make your good press release better. With this in mind, here are six tips for making effective acquisition announcements: Consider the audiences and create specific messaging 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. Failing to do so could mean your press release getting passed over altogether. It looked to the Latin American and later, European markets, where cultural and economic links gave it an advantage. The facility was sold to a regional buyer. 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. Check out these quality insider tips from our PR gurus about the art of press release writing: Acquisitions happen all the time in the business world, so there are plenty of examples of actual press releases issued by companies that you can look to for inspiration. New York City, NY, May 15, 2020. Benchmark International Successfully Facilitated The Transaction Between Movin On Movers, Inc. and Piece by Piece Movers, LLC. An old lesson worth relearning: The best acquisitions start with the best requirements 1 March 2023, 12:29 am. Get access to Intelligent Relations before your competitors do. Communication during mergers and acquisitions is critical. Warehouse 1. The announcement was officially made on Nov 2nd at the San Francisco office of XYZ Corporation. All Products Supply. As weve mentioned, you might issue a business acquisition press release as soon as the acquisition terms have been agreed upon, or after the acquisition is complete. Though it may sound time-consuming, it can work wonders for building a contact database. Employee Letter : Dell to Acquire Quest Software: Dear Quest Employees: This . In our work with companies, we have found that several best practices are critical to develop a structured merger-communications strategy. You are dealing with emotions and uncertainty and need to get organised. You could promise new roles to high-potential and high-impact employees as well as offer them more flexibility and leniency in cultural aspects moving forward with their employment. First, well-conceived M&A communications during diligence can serve as a litmus test of the deal logic for acquirer executives where they can think like an investor well before Announcement Day itself. MillerKnoll Stock Tumbled. Quotes can bring the human angle to a press release - so they need to add interest and value. Include imagery in the press release. Aimia Says Largest Investor Rallying Shareholders Against Board. Chesdin Storage, located in Petersburg, VA, is a 40,600 - March 30, 2023 - Midcoast Properties, Inc. Michael Morrison of Midcoast Properties, Inc. represented the buyer in the sale of Eclipse Storage in Evans, GA. Michael is a leading self-storage broker for the firm, representing both buyers and sellers in the Southeast. Leaders are setting a tone and expectations for how things will work before and after the deal closes. 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. (WeCareMD) and Tampa-based Physician Partners, LLC. - February 22, 2023 - PartnerHacker, Paschal Air, Plumbing & Electric, a leading provider of HVAC, plumbing and electrical home services, is proud to announce the expansion of their operations to the Dallas-Fort Worth metroplex with the acquisition of Walker Air, Plumbing & Electric. The facility was sold to a Publicly Traded REIT. My Wholesaler Supply. 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. In 2015, recognizing a global thirst for energy drinks, the Coca-Cola company went looking for a popular energy drink to bolster its portfolio. Through event studies that look at the movement of the acquiring companys stock price? Visit a quote page and your recently viewed tickers will be displayed here. This is an important day for our organization and one that ensures we remain a highly competitive global company. Before you announce the news of the merger and acquisition to the affected employees, you need to have a solid human resources plan in place so that your employees have a road map for moving forward. To say that the acquisition was a success would bean understatement: in 2020, the Android operating system was the operating system operating in over 70% of the worlds mobile technology, with this figure reported to increase in the following years. Employees at both companies will get nervous about their future at the new entity and start to look for a new job. Despite closing hundreds of small add-on technology acquisitions, Google (or Alphabet, as it's now officially called) made what is widely regarded as its best acquisition nearly 20 years ago. 1. Every M&A transaction has at least some takeaways. MailChimp isn't afraid to throw in some fun and take things offline. 5. Aim for straightforward, clutter-free layouts that allow your words to shine. Public relations and investor relations professionals rely on Business Wire for broad-based and targeted market reach.. 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. One more step away from the acquisition regulation that most vendors hate 17 February 2023, 12:38 am. 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. The authors found that brand acquisition announcements generally led to a boost in the stock price of buying firms; they registered an average positive abnormal return of 0.75 percent. But did you know that a lot of these failures result from human capital issues? Even when management offers credible answers to questions 1 and 2, investors will mark down the acquirers share price to reflect the deals true value if the present value of the synergies numbers do not justify the premium or if the premium creates a performance improvement problem that is likely not achievable. Greenleaf Self Storage - March 28, 2023 - Midcoast Properties, Inc. 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. The story that youre telling the strategic logic must address why the company can beat existing expectations, as reflected in the pre-announcement share price, and do so in ways not easily replicated by competitors. With that in mind, a business acquisition is a big deal, and would definitely be deemed newsworthy. An example of an acquisition (or series of acquisitions) to enter a new geography is well exhibited by Banco Santanders acquisitions in Argentina. Limit the number of people with advanced knowledge of the acquisition. You can also issue a press release when said acquisition is complete. After the initial deal announcement, investors react negatively and the acquirers stock drops. Intraday data delayed at least 15 minutes or per exchange requirements. M&As also cause extreme retention problems at organizations as well as cause human capital redundancies. Your target audiences will want to know why the two companies decided to become one. If they dont get it, they will flee. All States Ag Parts Aqcuires Steel Tracks, Inc. The company's products can - January 13, 2023 - Benchmark International, MDN Group, a leading independent investment banking advisory company specialising in mergers and acquisitions and strategic advice, has recently introduced a new service to its portfolio: Pre-M&A Advisory. The announcement of the acquisition was a remarkable milestone in accesso's history, and for us presented a great reminder of several critical aspects of communicating such a significant occasion. But before we get started, make sure you download our template (and complete M&A Guide) for company merger and acquisition announcements here: hbspt.cta._relativeUrls=true;hbspt.cta.load(3044396, 'ec9ce763-9304-498f-b5a3-b872c5b8ddce', {"useNewLoader":"true","region":"na1"}); There are several things your organization(s) will want to consider before announcing a merger or acquisition. 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. It's official -- IBM has acquired Red Hat! This episode features special guest Austin Barrett, who joins the show to share some exciting news with the nationwide lending community. However the Slack acquisition is just one of many that have allowed the company to become a leader in the workplace technology space. Third, culture starts at announcement. News Analysis Noteworthy technology acquisitions 2021 Global tech merger-and-acquisition deals totaled $634.1 billion in 2020, an increase of 91.8% year-on-year. Think of it as the last stop in diligence. Sometimes, its not the transaction that closes, but rather the one that didnt and makes you wonder what might have been, thats most fascinating. TimeXtender Announces Acquisition of BI Builders as Part of Long-Term Growth Strategy, FULFLLD Acquires Nillam Logistics to Expand White Glove Delivery Services for Brands, Benchmark International Facilitated the Transaction Between Appellation Construction Services and Whiteley Infrastructure Group, Benchmark International Successfully Facilitated the Transaction Between Integrity Arts & Technology, Inc. and Swagger Agency, Benchmark International Facilitated the Transaction Between Ultra Clean Systems Inc. and Getinge AB. Institute a series of events and announcements to stay in the news cycle, so you can capitalize on your momentum and build good . 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? Before we get to the craft of a press release, were going to review its foundation. 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. 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. The blank-check company is the acquisition partner of Rumble, a Canadian video-sharing service that aspires to become. Remember, this kind of announcement is BIG news, not only for your companys shareholders or stakeholders, but also for another organizations key audiences, as well. Nationwide operates - February 13, 2023 - Benchmark International, Benchmark International is pleased to announce the acquisition of E-vergent.com by Tahoe Network Infrastructure. ; and does your presentation convincingly like post-merger integration plans to the economics of the transaction? 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. For example, announcements should be shared at the same time, and the content that goes up should be thoroughly brand-consistent on both . Chances are likely that the lead company will want to update the boilerplate information for the bottom of every press release; the company merging into the other, or being acquired, should also include its boilerplate paragraph. Many journalists covering a relevant sector would likely consider reporting on an acquisition, as it signals growth within a company and a potential change to the market. Joseph P. Bradley Next to acquiring good friends, the best acquisition is that of good books. Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com Europe: Michael Lawrie at +44 (0) 161 359 4400 / Enquiries@BenchmarkIntl.com Some press releases might also include visuals or hyperlinks to increase engagement. - April 13, 2023 - TimeXtender, www.fulflld.com/disorder The deal was announced in October 2018 [IBM to Acquire Red Hat], and completed today [IBM Closes Landmark Acquisition of Red Hat]. Preparing the investor presentation is a forcing mechanism to test the credibility of the economic and operational claims of the deal the last stop in diligence. Both the purchase and gaining control of another company or entity is a big deal for a business, and it could mean expanded growth and market share. Thats why its essential to make sure your press release follows a PR industry-standard format. The decision is expected to . June 10, 2016: LinkedIn emphasizes to Microsoft the need to go higher, and suggests that a deal will get done at $196 per share, all cash, contingent on approval by LinkedIn's board. To distribute your press release DIY style, you need to locate and compile a list of email addresses for reporters and editors to then pitch them your press release. Typically, a pre-announcement is made in the weeks preceding the full earnings release and conference call. As it deals with financial bodies, it also states the exact price tag of the acquisition right at the top. The seller, Appellation Construction Services (ACS), is a full-service new build contractor and maintenance, modification, and upgrade specialist servicing the - April 12, 2023 - Benchmark International, Benchmark International has successfully facilitated the Integrity Arts & Technology, Inc. (IDEAS) acquisition by Swagger Agency (20MM LLC). Contact us today with any question you have. Apr. Familiar Warehouse. 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. It not only needs to sound good, but it needs to add something of value to the . 4)Tata Sons Acquire Air India. Is there a business acquisition press release template? Is it because the companys technologies are complimentary? Let people know why the leaders of both companies are smart to enter into this union. 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. What are examples of business acquisition press releases? They service Southeastern Wisconsin and Northwestern Illinois with their vast fiber - February 04, 2023 - Benchmark International, BDA Partners is pleased to announce that its client, NeoGraf Solutions, a portfolio company of Aterian Investment Partners, has been sold to Edgewater Capital Partners. But, it could also be that you want to focus on other things for your businesswell, fret not, we can help. When you're writing this announcement, avoid the corporate jargon. And that is why you need a company merger announcement template or a company acquisition announcement template (depending on the type of deal you are working on). 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