On 7 January 2020 Nasdaq Copenhagen announced an update to its issuer rules, introducing a requirement that a request for de-listing by an issuer of shares must be approved by 90% of the votes cast and share capital represented at a general meeting of the issuer in question. The new rules constitute a significant change … Continued
Published on: January 8 2020
Contributed by: Matthew T. Carpenter and Daniel Bulaevsky, Co-Editors, XBMA Review
Executive Summary/Highlights Global M&A volume approached US$3.9 trillion in 2019, the third highest annual total in the last decade, despite increasing global economic and political headwinds. Strong economic growth, low interest rates, record amounts of private equity dry powder and the availability of corporate cash fueled global M&A in 2019. The boom was strongest in … Continued
On December 20, 2019 the highest court of the Netherlands upheld an earlier decision by a lower court that insufficient action to address climate change posed a “risk of irreversible changes to the worldwide ecosystems and liveability of our planet” and a “serious risk that the current generation of citizens will be confronted with loss … Continued
Published on: October 16 2019
Contributed by: Matthew T. Carpenter and Daniel Bulaevsky, Co-Editors, XBMA Review
Executive Summary/Highlights: In Q3 2019, global M&A volume was US$784 billion, reaching US$2.8 trillion for the year to date. Global M&A volume could, based on the current pace, exceed US$3.5 trillion in annual volume in 2019 for the fifth time in the last decade. But there are signs of a slow-down. U.S. M&A volume, the … Continued
Published on: July 5 2019
Contributed by: Matthew T. Carpenter and Daniel Bulaevsky, Co-Editors, XBMA Review
Executive Summary/Highlights: In Q2 2019, global M&A volume reached US$1 trillion for the quarter and surpassed US$2 trillion for the year to date. Global M&A volume in 2019 is on pace to reach the US$4 trillion mark for the second consecutive year and only the third time in the last decade. The significant global deal … Continued
Published on: April 10 2019
Contributed by: Raaj S. Narayan and Matthew T. Carpenter, Co-Editors, XBMA Review
Executive Summary/Highlights: Global M&A volume, which exceeded US$4.0 trillion in 2018, continued at a similar pace in Q1 2019, reaching US$958 billion. Global M&A volume in the first quarter of the year has been primarily driven by record levels of deal activity in the United States. It was the most active first quarter for U.S. … Continued
Published on: January 10 2019
Contributed by: Raaj S. Narayan and Matthew T. Carpenter, Co-Editors, XBMA Review
Executive Summary/Highlights: Global M&A volume in 2018 reached US$4.0 trillion, a level achieved only once before in the last decade (2015). 2018 was a notably strong year for cross-border M&A, despite escalating trade tensions and anti-globalist rhetoric. US$1.6 trillion (39%) of deals in 2018 were cross-border transactions, approximating recent highs in terms of both dollar … Continued
Published on: October 10 2018
Contributed by: Raaj S. Narayan and Matthew T. Carpenter, Co-Editors, XBMA Review
Executive Summary/Highlights: Global M&A in 2018 is at record levels, and at the current pace could approach 2007’s all-time high of almost US$5 trillion. Cross-border dealmaking has surged, with the volume of cross-border M&A over the first three quarters of 2018 already far surpassing that of all of 2017. Likewise, the market for mega-deals remains … Continued
Published on: July 20 2018
Contributed by: Raaj S. Narayan and Matthew T. Carpenter, Co-Editors, XBMA Review
Executive Summary/Highlights: The global M&A environment continued to show historic strength in 2018, as global deal volume reached nearly US$1.3 trillion for the second quarter and US$2.5 trillion for the first half of the year. Global M&A activity has enjoyed a steady climb over the last several quarters and has increased sharply since Q3 2017, … Continued
Published on: February 20 2018
Contributed by: Mattias Vilhelm Warnøe Nielsen, Partner, and Andreas Løndahl Hertel, Junior Associate, both at Moalem Weitemeyer Bendtsen (Copenhagen).
1. Highlights: a) Prospectuses The Danish Securities Trading Act (Past) The obligation to prepare and make public a prospectus when offering securities to the public applies if the value of the offering to the public is equal to or above EUR 1,000,000. Only prospectuses prepared for offerings to the public with a value … Continued