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Yahoo board forms committee to explore strategic alternatives

February 19, 2016 By creative

(Reuters) – Yahoo Inc said its board formed an independent committee to explore strategic alternatives, alongside the pursuit of the reverse spinoff of its Internet business. The committee has engaged Goldman Sachs & Co Inc, J.P. Morgan and PJT Partners Inc as its financial advisers, and Cravath, Swaine & Moore LLP as its legal adviser. The committee and its advisers are working on a process for reaching out to and engaging with potentially interested strategic and financial parties, the company said on Friday. (Reporting by Anya George Tharakan in Bengaluru; Editing by Sriraj Kalluvila)

Worldwide M&A activity falls 23 pct, but U.S. has a flurry

February 19, 2016 By creative

Worldwide mergers and acquisitions deals have fallen 23 percent to $336 billion so far this year compared with last year, but cross-border activity by amount targeting U.S.-based companies reached a record high, Thomson Reuters data shows. After hitting a record high by deals value in 2015, worldwide M&A activity has been hurt this year by falling oil prices, worries about slowing growth in China and the health of the financial sector. A trio of deals for U.S. companies topped the list of M&A announced this week, including Chinese company Tianjin Tianhai’s $6.3 billion offer for U.S.-based Ingram Micro, bringing year-to-date China outbound M&A targeting the U.S. to $23.3 billion.

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Worldwide M&A activity falls 23 pct, but U.S. has a flurry

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Yahoo board forms committee to explore strategic alternatives

Worldwide M&A activity falls 23 pct, but U.S. has a flurry