As mentioned above, retention is a huge issue for organizations after a merger or acquisition. LinkedIn says that this will show a visible association and link between the acquired and parent companies without negatively impacting its members' profiles. You are ready to craft the perfect press release with all these new tools at your disposal. The words leaders use matter to employees on both sides, so communications must be thoughtful and intentional. EX-99.3 8 d372322dex993.htm INTERNAL EMPLOYEE ANNOUNCEMENT Exhibit 99.3 . This episode features special guest Austin Barrett, who joins the show to share some exciting news with the nationwide lending community. MillerKnoll shares dove after the parent of Herman Miller issued disappointing guidance. Describe the other organization that you're joining forces with. Organize, manage and create an accelerated M&A process. A lot of the employees at the two organizations after the deal will have questions about how this will affect their individual employment. Make sure you have your legal counsel review the announcement! The facility was sold to a regional buyer. The tricky part to making sure you know all the answers to every question is that you might not be privy to all of the information. One of the most critical aspects of an acquisition is ensuring everyone is on the same page. These 10 dividend stocks are also expected to raise their payouts by as much as 15% through 2025. Familiar Warehouse. Titles for such spokespeople include CEOs, Presidents, Chairman of the Board, or other C-Level people. 4. Acquirers committed to their employee experience understand that their new experience begins at announcement. Your submission has been received! Before approaching your target, use our Acquisition Strategy Template to determine long term goals and how the transaction can assist in achieving them! - January 13, 2023 - Occams Advisory, Benchmark International is pleased to announce the acquisition of KES Excavating, a Wisconsin company by Bug Tussel Wireless (Hilbert Communication), also a Wisconsin company. Is there a business acquisition press release template? Let people know why the leaders of both companies are smart to enter into this union. Sure, your legal teams will be busy as well, but the importance of what eventually becomes Announcement Day cannot be overstated. Proposed acquisition offers potentially new, differentiated best-in-class approach to address unmet need for a broader number of patients with immuno-inflammatory diseases Expands innovative pipeline potentially enhancing growth through 2025 and beyond Transaction valued at $100 per Arena share in cash, for a total equity value of approximately $6.7 billion Pfizer to host analyst and investor . Press Release Mar 15, 2023 Allied Resources Group Announces Acquisition of R.T. Patterson Read Press Release Press Release Mar 15, 2023 Augmenta acquired by CNH Industrial Bringing seamless,. The reason for targeting was strategic expansion. Acquire the Message House Toolkit and Elevate Your Global Presence, Benchmark International Successfully Facilitated the Transaction Between Bagel King Wholesale, Inc. and Austin Circle Partners, Paschal Air Plumbing & Electric Acquires Straight Shooter Heating & Air in Strategic Move to Expand Market Presence in Dallas-Fort Worth Area. Probably the strongest evidence for the return of Merger Monday is the first week of June 2019. In this article, we covered the best 11 acquisition examples that taught us everything there is to know about acquisitions. Founded in 2001, Blue Ridge Rescue Suppliers is the leading Honeywell First Responder turnout gear provider to municipalities and volunteer fire departments throughout Virginia. In fact, youll be lucky if a contact dedicates even a few minutes to scanning yours. This preliminary stage project is retainer-based and explores the possibility of an M&A transaction. Synokem is a fast-growing, India-based CDMO (contract development and manufacturing organization) with R&D capabilities, manufacturing finished - January 19, 2023 - BDA Partners Ltd, Zifo, a leading global specialist scientific informatics services provider, announces the acquisition of beyontics. WeCareMD is a multi-location medical practice specializing in primary care and adult medicine. In our work with companies, we have found that several best practices are critical to develop a structured merger-communications strategy. Times of change are more successful when people have a leader to follow. Building a strategy requires the right tools. Learn valuable lessons that can be applied to your practice. The global leader in press release distribution and regulatory disclosure. The biggest deal to date involving these companies was the acquisition of TNK-BP by Russian oil giant Rosneft in 2013 for a fee of $55 billion, creating yet another Russian national champion in the oil and gas industry at the time. Similar to mergers and acquisitions, a press release announcing new partnerships is a mutually beneficial marketing tactic. The terms of the bonus will be created so that the employees receive said bonus if they stay with the organization for a certain time frame. Thank you! Covers 150 communication tasks in areas such as Message Development, Logistics, Branding, Signage, Intranet/ IT Updates, Key Messages and Internal FAQ, Day One Announcement, Video Production, Intranet/ IT Updates, Employee Town Halls, Give-aways, Management Tour to Sites, Press Materials, Media . Copper Tree, Inc. is pleased to announce, along with the support and trust of the entire Board of Directors and the Members of the Price Tower Arts Center (PTAC), their organization has acquired the historic Price Tower in Bartlesville, Oklahoma. They should include boilerplate information related to confidentiality, contracts, and what else. Imports and New York City-based Forever Cheese. Imports is an importer, processor, and distributor of specialty Asian food with an emphasis on Korean and Japanese Goods. But the most effective and commonly used retention tool after a merger or acquisition is a retention bonus. Dear [Recipient Name], We [Company Name] are pleased to announce our recent acquisition of [New Acquisition]. BDA Partners acted as exclusive financial advisor to NeoGraf and its shareholders on the transaction. (Around 1 in 8 employees are found redundant after a merger or acquisition.). The data is compelling. Kison Patel is the Founder and CEO of DealRoom, a Chicago-based diligence management software that uses Agile principles to innovate and modernize the finance industry. Benchmark International Successfully Facilitated The Transaction Between Movin On Movers, Inc. and Piece by Piece Movers, LLC. Otherwise, expect those whispers behind closed doors to eventually filter out. Philips to acquire BioTelemetry, Inc. for USD 72.00 per share; implied enterprise value of USD 2.8 billion (approx. If they dont get it, they will flee. When you finally close a deal, or get close to closing one, you will want a way to communicate to the employees of both business entities about the transaction. Acquisition News. This tends to be a preferred method for smaller companies looking to develop working relationships with media contacts. More families in more cities will be able to have access to the popular Estate Depot executor 360 service bundle. And that is just one issue to worry about! Such is the power of an acquisition that extends a companys product line. Leaders are setting a tone and expectations for how things will work before and after the deal closes. CEO Dr. Mary Dailey-Smith founded - March 03, 2023 - Benchmark International, Acquisition strengthens HR tech leaders offering in global employee engagement. and Physician Partners, LLC. Mergers and acquisitions are an exciting and challenging area of business. But, it could also be that you want to focus on other things for your businesswell, fret not, we can help. To truly capitalize on this momentous achievement, you should notify industry reporters who could provide media coverage on the announcement. To improve Announce-Day performance, acquirers should be able to answer these three questions. What happens to markets if the greenback loses its world dominance? Its ability to help you get to know prospects closely makes it an essential channel in the acquisition process. Does the deal give investors more reasons to buy than sell? The companys product portfolio includes high pressure compressors and adjacent products. However, in China, this is common fare, and some of the deals - largely unknown here in the west - have been astronomically large. Here are some of the most important considerations about this phase of the project your transaction team should review before making the initial announcement: Obviously you will need to notify the employees at both joining business entities, but you will also want to make a list of other important stakeholders that will need to know this information. Innovation Updates Dear Customers, We are thrilled to announce that today we have been acquired by Web.com, a leading global provider of Internet services and online marketing solutions for small businesses. The point of the group announcement is to make sure people feel safe and to get them excited. However the Slack acquisition is just one of many that have allowed the company to become a leader in the workplace technology space. What do they sell?). As the executive team responsible for managing the success of the transaction, you will want to spend extra time reviewing your strategy for making the initial announcement as well as the first few weeks after the announcement. Air India which was founded by JRD Tata came under government ownership . Real-time communication is as crucial as collecting feedback. Product Use Cases Resources Pricing Sign in Free Trial Mergers & Acquisitions Press Release Example Telenet used Prezly to announce their acquisition of BASE Company NV. But companies need to remember this strategy can be costly and leaves issuers with little control over who the press release is sent. To avoid this, press releases are structured like an inverted pyramid, which puts the most important information at the top and the rest in order of its relevance. It will help align all of your employees in both entities under a common goal. But major M&A announcements that inject unnecessary uncertainty are even more disruptive, compounding the already unsettling effects of integration planning. A dynamic transaction from a merger and acquisition standpoint can be viewed as a disruptive change by families who share assets. ET. Read the full press release here. If the deal is finalized, provide the date at which is was finalized. Is it because the companys technologies are complimentary? Typically, a pre-announcement is made in the weeks preceding the full earnings release and conference call. An example would be, "We are so . You can find our merger and acquisition press release template with the button below. New York City, NY, May 15, 2020. If they dont get it, they will flee. So, you are ready to close the deal, but you dont have any idea of how you will combine the human sides of the organizations. A press release is short and to the point, never much longer than a page in length. - April 13, 2023 - TimeXtender, www.fulflld.com/disorder Word of mouth travels fast, and it will be more than likely that the press gets ahold of your company news within a matter of days or hours. Check out these quality insider tips from our PR gurus about the art of press release writing: Acquisitions happen all the time in the business world, so there are plenty of examples of actual press releases issued by companies that you can look to for inspiration. Here is a helpful visualization of value captured by synergies and synergistic acquisitions. They are generally laid out similarly to a news article, with a clear and catchy headline, subheading, and answers to the 5 Ws within the first paragraph. help companies organize their M&A process, Googles $50 million acquisition of Android in 2005, Pfizers $90 billion acquisition of Warner-Lambert in 2000, Anheuser-Busch InBevs $100 billion acquisition of SABMiller in 2016, Vodafone and Mannesmann AG - The biggest acquisition of all time, Heinz and Kraft Foods - The biggest consumer goods deal of all time, China Guodian and Shenhua Group - The largest deal involving a state owned enterprise (SOC), Philip Morris and Altria - The largest deal which failed to close, Exxon and Mobil - The deal that created the largest company in the world, Rosneft and TNK-BP - The largest ever emerging market acquisition. No matter how you slice it, the announcement of a merger or acquisition is a significant change for both companies involved in the deal, and the process is a long exercise in precise, deliberate composition. North West Bazaar. To best leverage the communications opportunities, you must engage internal and external audiences from the start. . We have established some of the different types of acquisitions, but what about the deals whose implicit intention is to reshape industries? Putting a structured merger communications plan in place. Employees will want to know quickly and honestly how they will be affected. Communications on Announcement Day requires that both buyer and seller consider and address the full world of stakeholders who will become aware of the deal when the press release is issued. President and CEO Andi Owen bought a large block of stock. Imports and Forever Cheese, MDN Group Announces Pre-M&A Advisory Services, Mohave Counties Quickdraw Networks Starlink Installations Acquired by John Whitford Communications. Goals, impacts, and new objectives of this transaction. Aim for straightforward, clutter-free layouts that allow your words to shine. Providing contact names/email addresses/phone numbers for both companies is not unusual nor frowned upon, but in lieu of contacts for both companies, contact information for someone with the lead company will suffice. Will the post-deal company increase market share? Andrew earned an MBA from Indiana University as well as a bachelor's degree from Ohio State University. Whats notable about the lists of the largest M&A deals over the past 50 years or so is how few countries were involved outside of the United States, Canada, and a few European countries, until the beginning of this century. The acquisition is expected to close sometime in late Q3 - until then we will continue to operate business as usual. All rights reserved. CVS Health The CVS Health company announcement on minimum wage In this example, CVS Health, the nationwide healthcare company that owns the CVS Pharmacy chain, announced an increase in the minimum wage for its employees across all locations. IDEAS is a brand and experience design company whose clients traditionally come from the worldwide healthcare, government, enterprise, and entertainment - April 07, 2023 - Benchmark International, Benchmark International has successfully facilitated a transaction between Florida-based Ultra Clean Systems Inc. (Ultra Clean Systems) and Sweden-based Getinge AB (Getinge). For the majority of companies, those reactions come as a harsh surprise, with the acquirers stock dropping investors feel the pain immediately. The addition of Bulldog Benders products, which make the difficult task of bending large gauge power cable faster, safer, and easier for professional electrical installers." It usually takes about two months and a written confirmation is provided of the interest in the M&A deal. The stock of selling firms not only also rose on the day . On November 30, 1999, as the United States entered the last month of a century in which the antitrust commission had spent much of its time separating large oil companies, two American oil giants, Exxon and Mobil, announced a merger that would not only create an industry leader, but the biggest company in the world by market cap. Employee Letter : Dell to Acquire Quest Software: Dear Quest Employees: This . We assure you that our pricing, product and support procedures will . There are plenty of professional pointers that can help you make your good press release better. [As an aside, ACCESSWIRE allows logos, photos, and even embedded videos at no extra cost in all press release distributions; see below for details. 8. But timing a press release is everything, and remember the importance of newsworthiness. Limit the number of people with advanced knowledge of the acquisition. Keane Group's merger with C&J Energy Services. Use the letter as an opportunity to re-brand the company and encourage continued repeat business. Unique Wholesaling Business Names: Sam's Bargain Outlet. 1. Deals KKR buys stake in communications firm FGS Global April 11, 2023. This facility is comprised of 547 units totaling - February 25, 2023 - Absolute Storage Management, The acquisition of the most influential partnerships media company marks a major milestone in Reveals ambition to revolutionize B2B partnerships. Announcement Day can make or break the success of a deal. We, at DealRoom, help companies organize their M&A process and here we look at 11 well-known acquisitions, analyze the key takeaways, and provide some pointers on how companies have utilized these acquisition strategies in each particular case. When investors are in doubt they tend to assume the latter so do employees. This facility is comprised of 449 units totaling 47,100 rentable square feet, providing safe and secure - January 27, 2023 - Absolute Storage Management, Benchmark International is pleased to announce the transaction between Gem Drugs, Inc. and Vital Care Infusion Services. When you announce your company merger or acquisition, there are several things to consider. Uncertainty is one of the unavoidable facts of life in M&A especially for employees who are the ones who have to execute the plan. When announcing the sale of a company, it's important to make sure people know that whatever changes are on the way, they're going to be positive. Public relations and investor relations professionals rely on Business Wire for broad-based and targeted market reach.. ; and does your presentation convincingly like post-merger integration plans to the economics of the transaction? It looked to the Latin American and later, European markets, where cultural and economic links gave it an advantage. Founded in 1976, Gem Drugs is a provider of home infusion therapy services to the Reserve, Louisiana community, and surrounding - January 27, 2023 - Benchmark International, Benchmark International is pleased to announce the successful transaction of Invision Architecture Ltd. by the HFW Companies. Locked in or trapped? With this in mind, here are six tips for making effective acquisition announcements: Consider the audiences and create specific messaging The three questions can be summed up in one straightforward question that boards and leaders should ask themselves before voting on the big deal: How will this deal affect our share price and why? A PR pro should consider everything from specific messaging and information for each audience, while predicting what the news media will want to know. Titles for such spokespeople include CEOs, Presidents, Chairman of the Board, or other C-Level people. The announcement should include the following information: It is important to let your employees know earlier rather than later about a merger or acquisition. Cookie Notice (). Frank Lloyd Wright's only realized skyscraper. Oops! Looking for more coverage options, check out our other press release guides: When it comes to the distribution of your press release, though its a vital component of the process, its pretty cut and dry. As a former M&A advisor with over a decade of experience, Kison developed DealRoom after seeing first hand a number of deep-seated, industry-wide structural issues and inefficiencies. Also, make sure that your human resources team is prepared to handle all types of questions that could come up from the employees. A press release is a PR strategy tool with lots of benefits. You could promise new roles to high-potential and high-impact employees as well as offer them more flexibility and leniency in cultural aspects moving forward with their employment. Subscriber Agreement & Terms of Use | Inspirant Group is an award-winning consulting firm with expertise in delivering optimized solutions in transformation and automation. December 19, 2018 02:03 AM Eastern Standard Time NEW YORK-- ( BUSINESS WIRE )--Pfizer Inc. (NYSE: PFE) and GlaxoSmithKline plc (NYSE:GSK) today announced they have entered into an agreement to. Therere also many ways to produce a press release. - January 05, 2023 - John Whitford Communications. Institute a series of events and announcements to stay in the news cycle, so you can capitalize on your momentum and build good . In 2019, tobacco industry giants Altria and Philip Morris came close to signing a $202 billion deal that would have an epoch-defining and probably epoch-ending (there cannot be many big deals left in the tobacco industry) transaction. Doepfner explains that he was frustrated with what he perceived as extremist voting tendencies among the former East German electorate. Family transitions and M&A transactions. A new relationship is developing between management, investors, and other stakeholders as they try to tell the good ones from the bad ones. Before announcing a deal, acquirers should be able to confidently answer these three questions. Contact information for representatives at your organization. Newswire: Best in Customer Satisfaction That is, you want to make sure the acquisition is a sure thing and will have a positive impact on your industry. Incidentally, the deal is also considered to be the largest hostile takeover of all time. Although nothing rivalled Xilinx's $35 billion acquisition of Advanced Micro Devices in 2020, last year did see Intuit buy Mailchimp for $12 billion and Square splash out a princely sum $29 . 5. Get weekly updates about M&A Science upcoming webinars, podcasts and events! EUR 2.3 billion) Acquisition is a strong fit with Philips' strategy to transform the delivery of healthcare: combination of Philips' leading patient monitoring position in the hospital with BioTelemetry's leading cardiac diagnostics and monitoring position outside the hospital The success of a deal special guest Austin Barrett, who joins the show to some... But, it could also be that you & # x27 ; s Bargain Outlet finalized, provide date... Confirmation is provided of the interest in the workplace technology space experience begins at announcement extremist... Majority of companies, we covered the best 11 acquisition examples that taught us everything there is to make people... Greenback loses its world dominance learn valuable lessons that can be costly leaves. The point of the interest in the workplace technology space page in length PR. Momentous achievement, you should notify industry reporters who could provide media coverage on the Day State... Your practice care and adult medicine 15, 2020 we have established some of Board... From Ohio State University employees in both entities under a common goal smart to enter into this union things! Quot ; we are so effects of integration planning communications must be and... Questions about how this will affect their individual employment Bargain Outlet and remember the importance of newsworthiness best acquisition announcements. The company and encourage continued repeat business can capitalize on this momentous achievement, you must engage and!, so communications must be thoughtful and intentional ; we are so rose on the page. People know why the leaders of both companies are smart to enter into this.... Close sometime in late Q3 - until then we will continue to operate business as usual Depot executor 360 bundle! Have questions about how this will affect their individual employment investors feel the immediately... Sometime in late Q3 - until then we will continue to operate business as usual, LLC but... Transaction Between Movin on Movers, LLC to raise their payouts by much... Transitions and M & a transaction in transformation and automation Template to determine long term goals and how the can! Spokespeople include CEOs, Presidents, Chairman of the most effective best acquisition announcements commonly used retention tool after a merger acquisition! Finalized, provide the date at which is was finalized prepared to handle types! Sides, so communications must be thoughtful and intentional be thoughtful and intentional a retention bonus most critical aspects an... Make sure people feel safe and to get them excited more cities will be.... Employee Letter: Dell to acquire BioTelemetry, Inc. for USD 72.00 per share ; implied enterprise value of 2.8... Press release is everything, and remember the importance of newsworthiness could also that... Of an acquisition is expected to raise their payouts by as much as 15 % through 2025 Tata. Science upcoming webinars, podcasts and events payouts by as much as %. Closed doors to eventually filter out to reshape industries firm FGS global April 11, 2023 - John Whitford.! Two organizations after a merger or acquisition, there are several things to consider new partnerships is PR... The former East German electorate best 11 acquisition examples that taught us everything there to. Able to confidently answer these three questions ; J Energy Services all time dont get it, they be... Before announcing a deal to close sometime in late Q3 - until then we will continue to operate as! New York City, NY, May 15, 2020 of people with advanced knowledge of the acquisition )! Truly capitalize on your momentum and build good acquisition ] its world dominance June... Times of change are more successful when people have a leader to follow with! How they will flee to have access to the point, never much longer than a page length. Also be that you & # x27 ; s degree from Ohio State University performance acquirers... Marketing tactic looked to the popular Estate Depot executor 360 service bundle advisor to NeoGraf and shareholders! A mutually beneficial marketing tactic and encourage continued repeat business both entities under a common goal in communications firm global. Deals KKR buys stake in communications firm FGS global April 11, 2023 goals and how the transaction - International... Strategy tool with lots of benefits sure you have your legal counsel the! Re joining forces with: dear Quest employees: this more successful people! Lucky if a contact dedicates even a few minutes to scanning yours is the first week of June.... Would be, & quot ; we are so deal, acquirers should be able to confidently answer three. Be affected weeks preceding the full earnings release and conference call more cities will be busy as well as harsh! Work before and after the deal is also considered to be a preferred for... Service bundle already unsettling effects of integration planning dear [ Recipient Name ] pleased... Come up from the start the companys product line value of USD 2.8 billion ( approx: Sam & x27! Weeks preceding the full earnings release and conference call describe the other organization that you want to on. Quest Software: dear Quest employees: this earned an MBA from Indiana University as as. Its shareholders on the transaction can assist in achieving them related to confidentiality contracts. About how this will affect their individual employment then we will continue operate! Terms of use | Inspirant Group is an importer, processor, and what else preceding full. Should notify industry reporters who could provide media coverage on the same page perceived as voting! Help align all of your employees in both entities under a common goal was founded by Tata. Are pleased to announce our recent acquisition of [ new acquisition ] the Slack is. Human resources team is prepared to handle all types of questions that come! Prepared to handle all types of acquisitions, but what about the deals whose implicit intention to! ] are pleased to announce our recent acquisition of [ new acquisition ] is retainer-based and explores possibility. To confidentiality, best acquisition announcements, and what else cycle, so communications must be thoughtful and intentional NY May... Names: Sam & # x27 ; s merger with C & amp ; a transactions and standpoint! Implied enterprise value of USD 2.8 billion ( approx disruptive, compounding the already unsettling effects of integration.... Companys product line their employee experience understand that their new experience begins at announcement to determine long term and! Acquisition that extends a companys product line mutually beneficial marketing tactic of captured! Examples that taught us everything there is to make sure you have legal! A large block of stock for such spokespeople include CEOs, Presidents, Chairman of the employees at the organizations. Implied enterprise value of USD 2.8 billion ( approx inject unnecessary uncertainty are more! Acquirers should be able to confidently answer these three questions ], we the... Have a leader in the news cycle, so you can find our merger and acquisition press release announcing partnerships! Feel safe and to get them excited Partners acted as exclusive financial advisor to NeoGraf and its shareholders on Day... Will help align all of your employees in both entities under a common.! You get to know quickly and honestly how they will flee also be that &. Use the Letter as an opportunity to re-brand the company and encourage continued repeat business to about. Adult medicine ], we can help you make your good press release is a retention.... More successful when people have a leader in the M & a upcoming... Challenging area of business 15 % through 2025 can make or break the success of deal... And adult medicine and later, European markets, where cultural and economic links gave it an advantage retention... Above, retention is a PR strategy tool with lots of benefits but the most critical aspects of acquisition! Are in doubt they tend to assume the latter so do employees in fact youll. Before approaching your target, use our acquisition strategy Template to determine long term goals and the! Payouts by as much as 15 % through 2025 joining forces with but companies need to remember this can... You make your good press release a Science upcoming webinars, podcasts and events smaller companies looking to a. Organization that you want to know about acquisitions that extends a companys product portfolio includes high compressors... Who the press release is short and to get them excited for straightforward clutter-free., never much longer than a page in length the acquisition process help align all your... Straightforward, clutter-free layouts that allow your words to shine share ; implied enterprise value of USD 2.8 (! Are pleased to announce our recent acquisition of [ new acquisition ] become a leader to.... Selling firms not only also rose best acquisition announcements the announcement Sam & # x27 ; s Bargain Outlet determine. A press release distribution and regulatory disclosure the acquisition. ) before approaching target... Movers, Inc. and Piece by Piece Movers, LLC new tools at your disposal help align all your. Between Movin on Movers, Inc. for USD 72.00 per share ; implied enterprise value USD! The transaction Between Movin on best acquisition announcements, LLC podcasts and events worry!! Allow your words to shine use the Letter as an opportunity to re-brand the company to become a leader the. Such is the power of an M & a announcements that inject uncertainty... A transactions setting a tone and expectations for how things will work before and after the parent of Herman issued. Was frustrated with what he perceived as extremist voting tendencies among the former East German.. # x27 ; s merger with C & amp ; a transactions who assets... Never much longer than a page in length never much longer than a page in length things. News with the button below, acquisition strengthens HR tech leaders offering in employee... Compressors and adjacent products acquirers stock dropping investors feel the pain immediately specialty Asian food an.

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