December 2017 Major M&A Announcements

Notable mergers and acquisition (M&A) announcements during December 2017 included:

• Disney (NYSE: DIS) reached a deal to acquire assets from Twenty-First Century Fox (NASDAQ: FOXA) for approximately $52.4 billion. The deal is anticipated to help Disney compete with online video providers such as Netflix, Apple, Amazon, Google and Facebook.
• Campbell Soup Company (NYSE: CFB) acquired snack maker Snyder’s Lance (NASDAQ: LNCE) for $50 per share in cash, representing an approximate $6.1 billion enterprise value.
• McDermott International (NYSE: MDR) and Chicago Bridge & Iron Company (NYSE: CBI) agreed to merge in a transaction valued at $6 billion to create a fully vertically integrated onshore-offshore engineering, procurement, construction, and installation (EPCI) company.
• UnitedHealth Group (NYSE: UNH) will buy the primary and urgent care unit of DaVita (NYSE: DVA) for $4.9 billion. The insurer, along with other insurers, aim to cut medical costs by playing a more focused role in medical services.
• Health insurer Humana (NYSE: HUM) and private equity groups TPG Capital and Welsh, Carson, Anderson & Stowe have teamed up to purchase Kindred Healthcare (NYSE: KND) for roughly $4 billion. Kindred’s operations in hospitals and home care will eventually split.