#acquisition

Will be announced today.

Sycamore just purchased Walgreens, any insights on what the company was like under their leadership?

Open Text (NASDAQ:OTEX) announced on Thursday that it has reached a definitive agreement to divest an on-premise solution (eDOCS), a part of its Analytics portfolio, to NetDocuments, for US$163 million in cash.
The business to be divested is part of OpenText's Analytics product group and contributed approximately $30 million in annual revenue in OpenText's fiscal year ended June 30, 2025.

So after everything settles from this Oxychem sale and the debt reduction is the company better off then if they never would have purchased APC?

US layoffs fell in September, but hiring plans dropped to their lowest level in 16 years, according to new data. At the same time, Warren Buffett’s Berkshire Hathaway agreed to acquire Occidental Petroleum’s OxyChem unit in a $9.7 billion deal, Tesla reported record Q3 EV deliveries, and OpenAI became the world’s most valuable private company with a $500 billion valuation.

I've heard that there will be a PTO change coming since we acquired Cigna. There are too many state differences which means that some states will get more PTO than others because of the differences. Also heard they may let only those affected know. Seems shady if that's the case.

Anyone have an educated guess on what is going to happen to all the Denbury folks in the Plano office come November when their 2 years is up? Surely they aren't going to move them all down here when we are cutting so much.

More layoffs before the holidays then a merger or acquisition on the horizon. Goldman Sachs likely. The reduction in cost, the outsourcing, the reorganization. It makes sense and I’d bet money on it.

Seeing a lot of Permian leadership in SUVs around Civitas field. Will this be a good purchase?

Looks like one less C producer to be sold in the Permian basin. Exxon would benefit from the uplift and diversity of locations.

Will a purchase make sense? Chevron is seeing some issues in the Permian basin. This purchase would uplift production quickly and reduce the need for drilling.

JC and crew on a reconnaissance mission spotted in black SUVs around Civitas field. Will the be a good acquisition for APA? What are the Pros and Cons?

Employees were told the layoffs were about redundancy and not being strategic enough. Sure, some low performers were cut. Plenty of solid, capable people were let go in HR, Marketing, and Sales all over the world. Meanwhile, the company SPENT A LOT on acquisitions and EXECUTIVE LEADERS WHO HAVEN'T DELIVERED. The people who actually kept things running were the ones who got cut. This isn't strategy, it's protecting LEADERSHIP and their image.

Walgreens was just purchased by Sycamore. I just read a news article that says Target is also being looked at by private equity firms as well! Are all retail stores pretty much doomed at this point. Wow.

Factors influencing the buyout speculation:

Potential for an attractive acquisition price: Target's stock has been trading near a six-year low, which could make it an attractive and affordable target for a private equity firm.

Change in CEO: The recent announcement that CEO Brian Cornell would be replaced by company insider Michael Fiddelke is thought to have added to the speculation.

Mixed financial results: Despite reporting "better-than-feared" second-quarter earnings, the company's recent results failed to produce a sufficient recovery in its share price.

Previous buyout rumors: News outlets reported on buyout speculation back in late 2024, following disappointing earnings results.

Mini-tender offer: In September 2025, Target received an unsolicited mini-tender offer from TRC Capital Corp., though this offer was for a small portion of the company and not a full buyout.

Guess what will XOM do?

I am not certain but this smells like a sale.

We'll know in 10 minutes.

ST. JOHN’S, NL, CANADA, September 24, 2025 – North Atlantic France SAS (“North Atlantic”) announced on May 28, 2025, that it had entered into exclusive negotiations with ExxonMobil France Holding SAS (“ExxonMobil”) for the acquisition of ExxonMobil’s entire stake in Esso Société Anonyme Française SA (“Esso S.A.F.”) and ExxonMobil Chemical France SAS by signing a put option agreement. Following the information and consultation process of employees’ representative bodies, North Atlantic today announces that it has entered into an agreement with ExxonMobil to acquire ExxonMobil’s entire stake in Esso S.A.F. (the “Controlling Block”) and EMCF.

This marks an important step in North Atlantic’s project to establish a long-term presence in France, contributing to European energy security, industrial resilience, and energy transition.

The completion of the project remains subject to customary regulatory conditions applicable to this type of operation, including foreign direct investment control in France, and finalization of certain financing arrangements.

Ted Lomond, President and CEO of North Atlantic, President of North Atlantic France stated: “Our commitment to France is long-term. By building on Gravenchon’s record of industrial excellence, we aim to strengthen energy security and resilience while accelerating the transition to lower-carbon solutions. This project reflects our ambition to grow North Atlantic into a premier transatlantic energy company, with strong foundations on both sides of the Atlantic.”

Simon Fenner, CEO of North Atlantic France stated: “With the signing of this agreement, North Atlantic reaffirms its ambition to consolidate the Gravenchon site and provide it with an ambitious development plan to serve the French energy and industrial sectors. We are firmly committed to completing the transaction by year-end.”

As a reminder, on May 28, 2025, North Atlantic had announced that following the acquisition of the Controlling Block in Esso S.A.F., it would file a mandatory tender offer for the remaining shares of Esso S.A.F. on the same financial terms as the acquisition of the Controlling Block.

Furthermore, it should be noted that the Board of Directors of Esso S.A.F. has convened a Shareholders Meeting on November 4, 2025 to deliberate on the proposal for a distribution of reserves, amounting to €60.21 per share, with payment scheduled for November 14, 2025.

During the discussions between ExxonMobil and North Atlantic over the past months, the two parties agreed to a downward adjustment of the purchase price for the Controlling Block, to reflect certain social liabilities. This downward adjustment will not affect the price offered to minority shareholders of Esso S.A.F. in the context of the mandatory tender offer for the remaining shares, which will be determined after taking into account the various adjustments described in the press release dated May 28, 2025, namely:

• a downward adjustment to reflect the amount of cash distributed by Esso S.A.F. prior to the date of completion of the acquisition of the Controlling Block (i.e., an amount of €113.21 per share, corresponding to a dividend of €53 per share payable on July 10, 2025, and an amount of €60.21 per share in respect of the distribution proposed by Esso S.A.F. and to be paid on November 14, 2025, subject to the approval of the Esso S.A.F. shareholders meeting);

• upward adjustment by a ticking fee mechanism corresponding to accrued interest on (i) a first base amount of €362,000,000 at the euro short-term rate plus 2% per annum between March 2, 2025 and the closing date, and (ii) a second base amount of €950,000,000 at a rate of 2.4% per annum between March 2, 2025 and the closing date;

• upward or downward adjustment to reflect the change in the euro value of Esso S.A.F.’s inventory and equal to the difference between the crude oil value of ten (10) million barrels as of December 31, 2024 and the crude oil value of the same number of barrels as of a period prior to closing that will depend on the date of the contemplated transfer of the ownership of ESAF inventory to a bank.

The final price for the acquisition of the Controlling Block will be definitively set prior to the completion of the transaction and will be communicated to the market in due course.

The completion of the transaction is still expected in Q4 2025. North Atlantic reiterates its commitment to delivering a comprehensive and well-managed transition, with the intention to maintain employment and existing compensation and benefits.

https://northatlantic.ca/media-releases/north-atlantic-france-sas-milestone-project-majority-stake-in-esso-societe-anonyme-francaise-exxonmobil-chemical-france-sas/

I have it from a good source (high up in management) that Imperial is being directed by Exxon to reduce headcount. The legality of this is up for debate, perhaps Exxon will acquire imperial, but that’s besides the point. What we know for a fact is 1) Headcount reduction mandated from the top 2) first strategy is closing QP and relocating HQ to Edmonton, this will have the effect of voluntary quitting by about 15%, so IOL hopes, but probably higher. 3) second strategy is combining Kearl/CL under 1 asset which will also result in another 5% headcount reduction.

If you work in QP, get your resume polished, especially if you are not a high performer. Those at other sites that are low performers should also be worried since the high performing QP employees will likely displace you as they make room for them at your site.

Q3 was not good, heads will roll. Add in Champion X and the other new purchase. The need more cost savings to keep free cash high.

If AT&T had:
Skipped DirecTV & Time Warner
Kept debt $250 B today
→ Same dividend dollars, but 2× per-share payout and higher equity value
This is the opportunity cost of “empire building.”

The acquisitions didn’t create incremental distributable cash; they masked stagnation until the balance sheet cracked.

Insiders not buying or selling the stock means there is material public information they have. With there net debt at 3.7 Bill. I imagine it is at the finish line.

Catalyst business becomes highly sought after and Shell may actually get sold this time.

Can somebody plz enlighten me why Fiserv keep acquiring companies indiscriminately? We havent reported any profitable earning reports, yet the employee bonuses and incentives are crumbs compared to the money the money the administration say they dont have but spend in these buys.

Chuck is walking away with almost $58 million from the CCS and Amphenol deal.

Workforce reductions and acquisition exits come as IT demand softens; TCS also cut staff amid industry-wide caution earlier.

"The business optimization program has two parts. One related to rapid talent rotation that Julie mentioned, which reflects severance associated with headcount reductions that we are making in a compressed timeline, and second, related to the divestiture of two acquisitions that are no longer aligned with our strategic priorities," CFO Angie Park added.

https://www.moneycontrol.com/news/business/information-technology/layoffs-acquisition-pullbacks-slower-growth-accenture-hints-at-grim-picture-for-fy26-13580710.html

Acquisition Pullbacks:

Messaging: "didn't align with our strategic priorities"

"Accenture also announced plans to exit certain non-core businesses and divest assets worth $865 million as part of its ongoing portfolio optimization strategy. The move is aimed at reallocating resources toward higher-growth areas, particularly AI, digital services, and cloud-driven initiatives, enabling the company to streamline operations while strengthening its focus on emerging technologies."

A serious question: I'm not excited about joining HPE. Does anyone else have the same feeling?

Senior management is quitely talking about the new CEO, yes they know who he'll be already, that will help merger Five9 with their company. The announcement will be made public by the end of the first quarter of 2026.

I thought the usa webcast was pretty useless, except for the revelation that TA was a cr*p purchase. Love the chest thumping by the refinery ladies, empty words and rhetoric. Strange they travel so much to accomplish what exactly?

Don't we already have a digital banking, D1? What's the purpose there? I imagine one or the other will be liquidated bc why have 2?

The layoffs will take place in phases over the next eight months, though most of the positions will be eliminated by mid-November.

https://www.bizjournals.com/washington/news/2025/09/23/capital-one-discover-layoffs-illinois.html

Hess received orientation on PDC this morning - where we will have a Chevron employee representing us during the selection process by sending them a CV and having a quick 30 minute meeting.

Question: has PDC already happened for Chevron - or is the Oct. 8-10 selection notification to fill all open positions in the Oct 1 go-live org chart?

Im tired of wasting so much time, money, and energy driving into the office for no benefit. It's such a struggle to find parking and then a desk, let alone nearby your team. And then its a noisy, chaotic environment thats difficult to focus in, but told this is somehow a more productive environment when it just isn't. This clearly isnt about collaboration or productivity or there would be better implementation and feedback routes. The current RTO model is implemented so poorly its doomed to fail, yet employees are paying for bad leadership. I'm tired of adding an extra work day to my week in commuting, only to make it harder to do my real job. RTO is a bubble waiting to burst and I wish it would happen soon so we can figure out a better way forward

https://www.reuters.com/sustainability/sustainable-finance-reporting/office-depot-parent-be-acquired-by-atlas-holdings-1-billion-2025-09-22/

Wow, for years they tried to offload this and finally when the hammer hit file for bankruptcy. Would CVS be on the hook for the fine? Otherwise what does an acquisition mean?

Pfizer (PFE.N) said on Monday it would acquire weight-loss dr-g developer Metsera (MTSR.O) for up to $4.9 billion to secure its position in the lucrative obesity treatment market.

https://www.reuters.com/legal/litigation/pfizer-buy-weight-loss-dr-g-developer-metsera-up-49-billion-2025-09-22/

Makes me wonder why Michael wants involvement with this cringey and brain rot platform:

https://globalnews.ca/news/11439099/trump-tiktok-deal-rupert-murdock-michael-dell/

We were doing really well at Ansys, and we came in here with very competent people. But I always expected it wouldn’t matter. I started preparing my exit as soon as the first acquisition rumors surfaced, and now I’m negotiating a move to another job. Hopefully it works out. If the timing lines up with being laid off here, even better. If not, I’ll resign and move on. Why fight to stay at a company that doesn’t recognize value or know how to manage experience, skills, and proven results?

Yes, a high percentage of mergers fail, with many studies indicating failure rates between 50% and 90%, with 70% to 75% being a commonly cited range. Key reasons for this failure include ineffective integration strategies, poor target identification, delays, a lack of speed, and cultural clashes between the two merging entities. Overpriced aquisition.

I’ve heard that an acquisition may be back or at least for part of DXC. The reporting date of October 28 has been mentioned around the halls as a big announcement day so either mass workforce reductions, yet another restructure or acquisition - there is definitely something brewing - it’s all too quiet!

Written by former board members Charlene Barshefsky, Reed Hundt, James Plummer, David B. Yoffie.

Despite years of troubled performance and failed strategies, the great icon of the semiconductor industry, Intel, has two new major shareholders that can give it new hope for recovery: the United States government, with a bit less than a 10% stake, and the most important design firm in the world, Nvidia, with about 5% ownership.

The next step is for the government to arrange for Intel to go private.

Without the pressure of delivering quarterly earnings for the stockholders of today, a private Intel could divide itself into parts that no longer make sense to be conjoined. One new company should focus on manufacturing chips for all global firms with the goal of matching or exceeding performance levels that only TSMC can provide today. The other should commit to designing chips. These are two separate objective functions, markets, and missions. Ultimately, Intel should also sell its controlling stake in the autonomous driving firm, Mobileye, as well as the company’s venture capital arm. The strategic goal is to disaggregate the conglomerate that may have served Intel well in the past but no longer meets the country’s need for an American foundry nor delivers the most value for shareholders.

It is well understood that most conglomerates suffer from the so-called conglomerate discount. General Electric, once an icon of American industry, recognized that breaking itself up would make its constituent pieces more valuable and competitive in one of the most salient recent examples that demonstrates the sum of the parts can be greater than the whole.

Intel’s business model of vertical integration between design and manufacturing gave Intel tremendous market power when it was the world leader in both markets. That’s the past. Trying to recreate it, as some of Intel’s recent CEOs have done, is doomed.

Here’s the plan that seems right to us, admittedly from the perspective of outsiders who left Intel’s board some time ago.

First, the government, with support from a consortium of America’s world-leading design firms, should buy all of Intel’s public stock. Nvidia’s $5 billion investment and the subsequent surge in Intel’s stock price suggest that the capital markets would welcome such a move. Some combination of Nvidia, Microsoft, Apple, Amazon, Qualcomm, Broadcom, and Google — the best and biggest product design firms on the planet — could easily afford it.

The creation of a successful foundry, drawn from Intel’s manufacturing assets and separated from the design businesses, would be a big win for the Trump administration. It would be even bigger win for the big semiconductor design firms that are otherwise totally dependent on TSMC.

Second, the government and that consortium should find new owners for Intel’s design businesses, including servers and personal computers. Our back-of-the-envelope calculations suggest that Intel has left a lot of value locked behind its conglomerate structure. The foundry, for example, has a book value of about $70 billion, but is currently a huge money loser. It needs up to $100 billion in new capital over the next decade to compete with TSMC. The other businesses that could thrive on their own include (1) a microprocessor design business for personal computers, worth somewhere around $100 billion; (2) the design efforts for servers and data centers, also worth potentially $100 billion; (3) the autonomous driving firm, Mobileye, valued at roughly $15. billion; and (4) the extensive venture portfolio, invested in private firms around the world.

Unlocking this value is extraordinarily difficult for a public firm filing quarterly reports. Even in private, the surgery is operationally complicated. Presumably, the board and management cannot see a way forward. Alone, the company cannot raise the money to take the firm private. By itself, it would struggle to obtain the financial, technical and commercial assistance needed to match TSMC. Only the U.S. government would be able to orchestrate the complex, critically important disaggregation of Intel with the necessary participation of the major American design firms.

Third, by going private, Intel can attract the best and brightest talent. With Intel’s competitors flying high on the promise of AI, Intel is suffering from a massive brain drain. As it lays off thousands of employees, the best ones inevitably bail out. The existing public company cannot effectively compete for talent and without talent it is unlikely to succeed in matching TSMC in manufacturing nor make its other units more competitive. Private companies can offer very attractive compensation packages with the promise of a big day when the companies go public again.

The result is that the entire restructuring could be accomplished in roughly a year. That is about as long as the break-up of AT&T took in the 1980s. By 2028, the segments could be sold at handsome prices or taken public with significant returns to private shareholders. Taxpayers could make hundreds of billions of dollars. Not only that, in terms of job creation and national security, the value would be immeasurable.

Naysayers will argue that this strategy is unnecessary. Intel could do it all before, and it can do it all again. But hope is not a strategy, and the world around Intel is not standing still. Naysayers may also argue that Intel should be bought by one of its competitors. Allow Broadcom, for example, to buy Intel and fix it, like it has done with numerous other semiconductor firms. But in today’s environment, an acquisition like this would not fly: China, where Intel sells more than 25% of its products, would never approve it.

Right now, the United States government and Nvidia own a problem. By taking charge of the situation, they can create a tremendous opportunity to do good for the taxpayer. Even more importantly, the break-up of Intel will go a long way to giving the United States the semiconductor ecosystem that underpins every happy scenario for software breakthroughs that benefit the American people and the world.