Donald and Rick Climan of Weil, Gotshall and Manges, LLP discuss M&A activity for the first three quarters of 2016 and drill down on one specific deal, Micro Focus International PLC’a (MCRO.L) purchase of the software business of Hewlett-Packard Enterprise (NYSE:HPE) for $8.8Billion.
2016 is a strong year but also one where some of the big deals of 2015 have fallen through. Rick talks about how revisions to the overall deal volume and value for 2015 no longer make it the strongest year on record. M&A deal flow from Asia is on the rise in 2016 and the tech sector remains one of the strongest areas of all.
Finally, Rick makes his pick for Major League Baseball’s 2016 World Series and discusses his “Futility Index” which he devised in 1998 for ranking the worst performing sports teams.
This M&A Moment was recorded on Bay Area Ventures on SiriusXM’s channel 111, Business Radio Powered by the Wharton School on October 24, 2016.