David Baer Attorney: Interesting Mergers & Acquisitions of 2017
David Baer is COO and General Counsel at O’Shaughnessy Holding Company, a diverse holding company in Minneapolis. He holds an MBA from the University of Saint Thomas School of Business and was named a Top 15 Attorney of the Year in Minnesota for the year 2006. David sums up some interesting mergers and acquisitions last year in the blog below:
Mergers and acquisitions commonly require the services of an attorney, says David Baer. An attorney that has M&A expertise can handle everything from the disposal of shares and assets to company takeovers. Last year may have seen fewer merger and acquisition deals happen. However, some of these deals may also be some of the most interesting, with the potential to leave a lasting impact on the business landscape.
- Amazon Acquires Whole Foods – When Amazon announced they were going to acquire grocery chain Whole Foods, many were caught off guard, shares David Baer. The attorney adds that Amazon has long disrupted the way people view online shopping, and the e-commerce giant’s foray into the food industry is not the least bit surprising. Amazon bought Whole Foods for a cool $13.7 billion, including Whole Foods’ 477 stores.
- Intel Acquires Mobileye – Self-driving cars continue to make headlines in the technology sector, and Intel’s acquisition of Mobileye is a telling indication that there is profit to be made for the company that can make it happen. Intel acquired vision technology developer for Advanced Driver Assistance Systems (ADAS) and autonomous driving Mobileye for $15.3 billion. Similar M&A activity related to autonomous driving include Google’s acquisition of Waze, which happened in 2013 notes David Baer. The attorney adds that like Mobileye, Waze is an Israeli company as well.
- United Technologies Acquires Rockwell Collins – In the aerospace industry, aircraft manufacturing company United Technologies acquired avionics and information technology systems provider Rockwell Collins for $30 billion last September, including the latter’s $7 billion debt. A division of United Technologies, UTC Aerospace Systems, will be combined with Rockwell Collins to form Collins Aerospace Systems.
- Disney Acquires 21st Century Fox’s Assets – One of the biggest deals to come out of Hollywood, Disney acquired some of 21st Century Fox’s assets, including Fox’s movie studios, National Geographic, FX, and Asian channel Star TV. David Baer adds that Disney will also raise its stakes in Sky, Endemol Shine Group and Hulu for all of $52.4 billion in stock. The mega-merger is seen to bolster Disney’s plan to provide a stand-alone streaming service that will be home to exclusive content. Disney has already announced that they will pull out some of its movies from rival Netflix by next year.
Stay tuned for more from David Baer.