#merger

Announced today two new board members from Elliott. First I had heard about them since Elliot was announced in July. The name Patricia Watson ring a bell? Former CIO of TSYS before the merge.
https://stocks.apple.com/AwYVr2N0ZQEy9uQPQVwbyJg

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/

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.

Anyone else fed up with Lexmark belittling everything that Xerox has ever done, despite not exactly being a high performing company themselves. Every.single.meeting it is all about Lexmark/ they are great / we will do it the Lexmark way / Xerox you don’t know anything …. Where are the XErox SLT supporting “their staff” and ensuring there is some balance in the integration conversations. They have turned coats quicker than the blink of an eye. No moral compass. Faceless, feckless and weak.

Another VP executive down due to a soft merger; DR removed from strategic pricing which will be under MSU moving forward headed by HS (expat).

Where do I begin? After reading all of these and talking to fellow employees who I have known for 20 years, I have lost faith that we are capable of being a company that cares about its employees and customers. I have been here long enough to know people in all departments so I have been talking to them to see if what is written here is true. Time after time they were able to show me proof of….well…everything. I cannot believe we have arrived here after all of the things we had gone through years ago. I thought we learned that doing things right and doing so by doing the right things for our employees and customers mattered. How can we keep secrets about mold and hackers instead of being honest and simply telling them what we are doing about it. Bad things happen. They do in every company but bad companies lie and try to manipulate the masses and their customers. Is that reallly who we want to be?

I have also gotten to know many leaders here and that includes the new security VP. Isn’t it clear that he doesn’t have the ethical and moral compass to lead one of the positions that require ethics the most. And I am not even bringing up the lack of experience. And you wonder why he isn’t getting things done fast enough and rather throws shade and excuses on others? Do not those articles and what he has already spoken about to many of us even trigger that he is not the right fit for our beloved company, or any other Fortune 500? He is already causing problems with his rethoric and loose lips and I know many of you talk about how you don’t like or trust him. A couple of you have done it when I am around. What else is left? There are over 3000 employees on one of the posts that are screaming for help as one poster so eloquently mentioned on her post. One section below has over 70 thousand hits. That seems to be more than any other company in layoffs.com so take a bow at the damage you are causing to our company name. Especially since you all know customers read these and so will the decision makers who will select the leadership once we merge. Yes we know about that too. His very existence has already caused division and spread rumors that are all turning out to be true and hurts US Foods deeply. For Pete’s sake ELT, do what you know is right. There was a time we knew what great looked like and made the difficult choices easily. Give our coworkers a voice again to report situations that may be dangerous or wrong. The fact that they aren’t able to do that should give you pause and at least 3 and a half thousand employees already have spoken up. Actually, my friends in HR said their own leaders up to the top know the verdict is already out. For Pete sake, put the needs of the employees first.

And these decisions to lie or deceive. Who are we kidding here. Have you forgotten how clear you used to see poor leaders trying to minimize harm and doing so by lying rather than confronting the issues. Be bold and ethical. When all of you weren’t in your current executive positions, do you remember how you felt when things were kept in silent and evasive or hidden actions would happen from your leaders or executives you really wanted to believe in? Do you really want to treat us as blind id--ts? We see and know it all because we are a large yet small company with friends in every department. The IT exec needs to tell the truth of what happened and how you are addressing it and care enough about our employees to tell them enough about the breach to let them know they should not be fearful. Let them know all is well and that all you are doing to try to prevent another attack. The password leaks are scary and we don’t know what that means. Some of us do because we have friends in IT security who tell us but most employees don’t. We understand it is difficult to prevent a hack and won’t lose faith when it happens. Some of the most secure and powerful companies and governments have been hacked. It is not surprising or scary but your lack of honesty and treating us like id--ts is. That same thing goes for the mold and the violence and threat incidents. Do I need to really tell our leaders that transparency brings trust and that harsh consequences for those types of bad employees, create safer work places?

I lie awake at night next to my husband wondering when we will have leaders remember who they were when they were rising and who once said “I will be different when I have that job. I will lead my teams with dignity and honesty”. When and how did that change? But it’s not too late to listen to your heart and us employees and simply do what’s right and take the actions you need to take. We may be merging in the future and who do you think those holding the most stocks and power will want to retain as the new company’s leaders. The executives from one company that dont even get the trust or respect from their employees? Those that lie and deceive rather than speak up boldly and address how problems will be overcome? Those that make bigger profits the right way and with compassion for your employees? Is how you are acting the way you want to teach your children to be?

Please be who I know most of you to be and start to lead and take the necessary moves you need to make. I have seen the comments of lies, cheating to hire some employees, inequality in hiring for positions, taking people who had a proven poor past and were caught lying in articles and admitted to lying, handling work place violence poorly, badly managed safery incidents, etc etc etc. Read these articles and rather than do damage control and trying to find out who the 4000 employees are that are revealing everything, why not just fix the problems themselves . It is a noble idea and actions of true leaders. Your employees are reaching to you for help. Led them and win their trust and respect us again. It is all we are asking for from our executives and friends for which we cheered for to climb that ladder because we believed in them and a vision of true leadership. Be who we all hoped and believed you would be.

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.

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

What's the local deals with this merger?

If juniper was doing business as usual, the next bonus would be paid in march 2026 for fiscal year 2025. Now with HPE in the mix, when is that anticipated?

i guess that's why they aren't looking for a CAO anymore...Thoughts?

XRX is up 13% over the past 5 days. Looks like the Lexmark deal did what Reinvention could not and got us on the growth path again!

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.

If UP takes over NS wonder how many shops will be closed.

…. Or more positively I thought it was a new partnership? But no. Everything I have heard and seen is Lexmark people saying “ we will do it the Lexmark way now from now on” and “what xerox did that was value-added and respected by them for years and years will be replaced by administrative type roles in our repetitive factories off-shore”. Jeez. Do they not realise that every client is different and so there does need to be non-repetitive, thoughtful, insightful work as well? I was positive but I have never come across a bunch of guys who behave in this mid-American bully-boy way. HELP !!

Fascinating how a storied and successful company like Marathon with a unique culture and technical achievements can disappear and not be relevant again. This is testament to leadership drive for self enrichment and the middle managers who destroyed the morale of the organization.

This man is arrogance personified . Can’t take simple decisions because he doesn’t know what to do. AI group will in most likely hood be merged with DCG and the Si group with new external leaders in place .High time LBT boots this mo--n out.

Obviously there will be a much larger market after bd merger,thence stockpiling.those not contributing through overtime should be first to go

Looking to summarize the rumors over multiple threads surrounding potential Sept 30 announcements. Note that some rumors are of course contradictory.

• sale/closure of Fife
• sale/closure of Fawley
• sale/closure of Chem plants on European Continent
• upstream layoffs in Germany
• sale of Imperial Oil
• XOM buyout of remaining IOL shares with removal of redundancies
• sale of Kearl
• merger of Upstream Operations with EMPS
• sale of Quarry Park with employees moved downtown Calgary
• sale of Quarry Park with employees moved to Edmonton
• sale of Quarry Park with Employees moved to Edmonton/Sarnia (US/DS)

The LLC was absorbed into Ford. Some employees were kept, others gone.

Layoffs have started September 2025. Folks being told to relocate to either Charlotte, San Antonio, or Alabama or be laid off. Some are being offered relo packages others are not. I am thinking they are looking to trim that office down or close completely with the Cox Merger.

Not so long ago activists investor openly communicated to the BOD and shareholders that splitting the company was the best path forward. Fast forward to today and it seems clear they were correct. Both sides stock is on fire YTD. No doubt AI tailwinds are the driving force here but the numbers don’t lie. At the same time don’t be so sure this will lead to job creation.

https://www.phonearena.com/news/elon-musk-spacex-echostar-verizon-spectrum_id173967

Alright ladies and gentlemen. Let's talk about assets of the combined companies of Paramount, WBD, and Skydance. I am interested in physical assets and not everyone talking about how we would have everything but James Bond.

For example;

NY - CBS Broadcast Center - Paramount
NY - CBS Ed Sullivan Theater - Paramount

We all know your plan. Truist is a sh-t hole and ppl are suffering. Sell the bank and get this over with so ppl can move on to better things.

Ansys was a strong company on its own. We didn’t need this to happen. It was our work that made Ansys successful, yet now we’re now treated as expendable. Do they even care what happens to performance once so many of us are gone?

Major layoffs coming in the car and mechanical departments. Most car jobs will be eliminated, and TCI jobs will be put in their place. Major yards like north Platte and Kansas will still facilitate car repair with union workers, but smaller outlying yards will have contractors do the work, and this is including locomotive service and inspection.

These cuts will bolster stock prices for the Norfolk southern merger

A merger between HP and Dell could create a global technology powerhouse with unmatched scale, operational efficiency, and market reach. By combining their strengths in personal computing, enterprise solutions, and supply chain management, the merged company could drive innovation, reduce costs through economies of scale, and better compete with major players like Apple and Lenovo. Additionally, aligning their R&D efforts and customer service infrastructures could enhance product offerings and improve customer experience across both consumer and enterprise markets. The current administration may allow such a merger if it demonstrates clear benefits to U.S. competitiveness in the global tech industry, promotes domestic job growth, and does not significantly reduce competition in key market segments. Given the strategic importance of maintaining leadership in technology, regulators could view the merger as a way to strengthen the nation’s position in a rapidly evolving global economy.

Stankey stands to make a lot of money from this deal from his stock holdings. However, employees were forced to sell their stocks that they received via 401 match at a huge loss. How is this legal?

Soooo was everyone weirded out that ADC and PSC had combined meeting? Merge happening in future?

https://www.cnbc.com/2025/09/11/warner-bros-discovery-paramount-skydance-bid.html

Don’t let them fool you, Halliburton will be sold soon. Leadership will get wiped clean. It’s the only way. Worse leadership imaginable. Completely out of touch with hard working people that actually run the industry. Tell your white collar leadership to work on the well head, and earn their stripes like the rest of us.

Centerwell just bought The Villages Health System for $48 million dollars!! I just don’t understand!?

Due to the Federated-May Company merger, most malls that had separate company boxes either shut down one and moved into the other OR they kept all the boxes and separated the departments and made individual stores i.e (Mens/Kids/Home), Women/Kids) (Home/Kids), etc.

I noticed at Fair Oaks Mall in Fairfax, Virginia, that Macy’s operates two full line locations. There’s an original Macy’s store on three levels with all the departments and then there’s a second Macy’s store that was formerly Hecht’s on two levels that’s huge that has all your departments plus a Backstage and Furniture Gallery.

If anyone is in the know, is there a reason why the company kept both stores as is and didn’t separate the departments like they did in other malls and markets.

It’s very redundant having Mens/Kids/Women/Home in both locations carrying the same exact brands and assortments.

Any idea how this is turning out for the parties involved?

Heard Mike is considering a 4 day (10 hours a day) work week. True?

Xerox Credit Rating Cut to ‘B’ Due to Lexmark Integration and Low Cash Flow.
https://tonernews.com/forums/topic/xerox-credit-rating-cut-to-b-due-to-lexmark-integration-and-low-cash-flow/
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