#acquisition

Lets admit it - Qualcomm's overblown management chain is useless to the core. All of them alike: incompetent, lazy, selfish sycophants, leaching resources, driving professionals out. Do you want to tell me that there is no conflict of interest where CEO's brother making a career? And this is just a tip of an iceberg, because such exist at every level. These people literally breaking their own code of business conduct with impunity. What chance engineering force and shareholders have to receive the value back for their hard work and investment? I would say - none, unless the whole structure is chopped to pieces and thrown away without mercy and payoffs. Complete business audit should allow to cut expenses I would say 50% at least without anyone noticing that these leaches have gone. In fact the level of distraction will become significantly lower. Where else did you attend to meetings with tens of attendees while only a couple of them actively solving an issue? Where else did you have to work around because your ignorant boss force the decision upon you and made task unnecessarily more difficult and far less productive? The solution is simple and less brutal than something that is expecting workforce and shareholders if take over does not happen.

https://www.fierce-network.com/broadband/verizon-buys-starry-what-you-need-know

How sc--wed is everybody? I know every single acquisition comes with layoffs, I'm just wondering how bad it's going to get. I'm no fan of ABB but I've been reading up on SoftBank and to be frank, I haven't exactly been happy with what I've read so far.

Boeing is set to gain EU antitrust approval for its $4.7 billion acquisition of Spirit AeroSystems with remedies to address EU concerns expected to include sales of some of the latter's businesses, people with direct knowledge of the matter said.

https://www.reuters.com/world/eu-set-approve-with-conditions-boeings-47-billion-spirit-deal-sources-say-2025-10-07/

Poor MEG. I feel bad for their people. They will surely be taken over by CVE now. $8.6B really?? $17.6B to get out of FCCL. Phillips paying them $1.9B for their share of the refineries. The only thing this company is consistent at is overpaying, getting ripped off and then laying off. No wonder their stock is always in the toilet. Employees should get out now!!!! Go across the street. Go anywhere. What a dumpster fire.

Wow, AMD inking deals with OpenAI, Q buying kid toys!

Rumor has it Citigroup is very interested and would make sense as to why Ron was retained. Makes sense why all the layoff talk is happening after the 1st of the year.

Fifth Third Bank has officially acquired Comerica, marking another significant move in what appears to be a growing trend of regional bank mergers under the current U.S. administration. Industry analysts expect further consolidation as economic pressures and regulatory shifts continue to reshape the financial landscape.

Meanwhile, Truist is undergoing internal restructuring. Sources indicate that between 500 and 700 contractors were cut last Friday in Digital and Technology divisions. While the company cited "policy concerns" raised by its legal department, insiders suggest the move was primarily driven by cost-cutting objectives. The timing coincided with contract renewal periods, and many agreements were allowed to lapse without extension.

Additional reductions are on the horizon, including cuts to employee benefits, further contractor downsizing, and full-time staff layoffs. Truist has faced ongoing challenges in the market, with underwhelming stock performance fueling speculation that the bank itself may become an acquisition target in the near future.

Waiting for Avaya to get acquired by some big tech giant so I can proudly write in my resume, “Avaya now acquired by XYZ.” Because right now, no recruiter seems to recognize the brand, and my phone’s been awfully quiet.🥹😅

Has anyone heard what this means for our jobs?

Coming from the Comerica side, any guidance or advice? I imagine Dallas offices are going to get gutted. Same with Technology.

Does Fifth Third support remote work?

Fifth Third just announced they are purchasing Comerica to form the 9th largest US lender. The current administration is going to be a lot more open to consolidation. M&T is no longer be able to compete with the larger institutions, especially with their reliance on commercial real estate. Despite huge investments in technology, it's obvious that M&T can't keep up (as evidenced by the failed People's United conversion and an antiquated web banking platform). These layoffs could be an effort to make the company a more appealing target.

Office Depot SOLD Will Go Private in $1 Billion Deal with Atlas Holdings.
https://tonernews.com/forums/topic/office-depot-sold-will-go-private-in-1-billion-deal-with-atlas-holdings/

Curious as to what you all think will happen when Poppi becomes 100% Pepsi on January 1st

Layoffs? Nothing? Share your opinions

I was due to start with HCSC on the Dearborn side as a Claim Technician on Monday, October 6th. I received this email today:

"As you were previously informed via email on October 3rd, 2025, HCSC has rescinded your offer of employment.

This decision cannot be reviewed or appealed, and we are unable to disclose any further information.

We apologize for the inconvenience this has caused."

That's it. No other email, no reason why. Are the layoffs happening company-wide or specific only to the Cigna acquisition?

Or settle for Diamondback?

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."