继今年2月17日宣布已与巴斯夫集团达成最终协议，计划以11.5亿美元的全现金交易收购巴斯夫的巴西建筑涂料业务后， 全球最大的涂料企业美国宣伟 （Sherwin-Williams）欲联合国际资本竞购巴斯夫涂料部门。如果成功竞购巴斯夫涂料部门，将是宣伟历史上继 2017年6月以113亿美元交易价格收购威士 伯后的第二大并购案。那么，宣伟缘何对巴斯夫涂料业务感兴趣？ 巴斯夫（BASF）首席财务官本月早些时候表示，这家德国化学品制造商将在第二季度试探市场，寻找潜在买家对其涂料部门的兴趣。巴斯夫发言人对彭 博新闻社表示："我们正在接近市场，为剩余的涂料业务探索战略选择。"彭博社无法立即核实该报道，巴斯夫也没有立即回应置评请求。 彭博社此前援引知情人士的信息报道称，巴斯夫聘请了美国银行（America Corp.）和摩根大通（JPMorgan Chase & Co.）就其涂料业务的潜在出售事项提 供建议。知情人士表示，这一过程预计将在今年第二季度末开始，一些银行一直在考虑为该交易提供约25亿欧元债务融资的可能性。 涂界记者注意到， 随着世界经济发展疲软，特别是高昂的能源价格，巴斯夫集团早在2023年就在酝酿着一项重大的出 ...

Core Viewpoint - Zhejiang Longsheng Group Co., Ltd. has signed a share purchase agreement to acquire 37.57% of the issued share capital of DyStar Global Holdings (Singapore) Ltd. from KIRI Industries Limited, aiming to make DyStar a wholly-owned subsidiary and resolve ongoing litigation with KIRI [1][3]. Transaction Overview - The transaction involves the purchase of 37.57% of DyStar's shares for a total consideration of approximately USD 69.65 million, which may be adjusted on the delivery date [2][3]. - The transaction does not constitute a major asset restructuring and is within the board's authority, thus not requiring shareholder approval [2][3]. Reason for Transaction - The acquisition is prompted by a ruling from the Singapore International Commercial Court regarding the overall sale of DyStar shares, with the company seeking to eliminate litigation risks and prevent the complete sale of DyStar [3]. Counterparty Information - KIRI Industries Limited is an Indian company established in 1998, primarily engaged in the production and trade of dyes and chemical products [3][4]. Target Asset Information - DyStar is a Singapore-registered company specializing in manufacturing and selling textile dyes and chemical products, with a total issued capital of SGD 69.83 million [5][6]. - As of the first quarter of 2025, DyStar reported total assets of USD 128.45 million, total liabilities of USD 24.40 million, and a net profit of USD 2.35 million [6]. Valuation and Pricing - The pricing of the transaction was determined through negotiations and reference to DyStar's EBITDA multiples, with an estimated enterprise value of DyStar ranging from USD 1.178 billion to USD 1.288 billion [7][8]. - The estimated value of 100% of DyStar's shares is between USD 1.791 billion and USD 1.901 billion, considering its cash and cash-like assets [7][8]. Impact on the Company - Upon completion of the transaction, DyStar will become a wholly-owned subsidiary, which is expected to enhance the company's profitability [12]. - The acquisition will increase the company's liabilities due to the funding structure involving self-owned funds and bank loans, but the overall debt ratio is not expected to rise significantly [12].

以下文章来源于财经天下WEEKLY ，作者财经天下 财经天下WEEKLY . 《财经天下》周刊官方账号，提供有品质的深度报道，讲述中国企业在时代浪潮中的精彩故事。 一瓶水，要为两家公司"解渴"。 文 ｜ 张向阳 编辑 ｜ 吴跃 来源｜ 财经天下WEEKLY（ID：cjtxweekly） 封面来源 ｜ Unsplash 江西1元"水王"要曲线上市 继怡宝母公司华润饮料于2024年10月IPO后，被称为江西1元"水王"的润田也要上市了。 5月14日，国旅联合发布公告称，公司正在筹划以发行股份及支付现金的方式购买江西润田实业股份有限公司（以下简称"润田实业"）部分或全部股权并募 集配套资金，以实现公司对润田实业的控制。 "公司对润田实业的收购工作正在积极推进中，本次收购完成后预计公司将达成对润田实业的控制。"5月21日，国旅联合在投资者互动平台表示。 润田实业主要从事包装饮用水的生产和销售。国旅联合公告中称，润田实业"是行业排名前列的纯净水和矿泉水双驱发展的生产销售厂商"。 图/小红书 天眼查显示，润田实业由江西迈通健康饮品开发有限公司、江西润田投资管理有限公司、南昌金开资本管理有限公司直接持股，这三家公司分别持有 ...

Group 1 - The company plans to acquire 80% equity of Zhizhe Tongxing Brand Management Consulting (Beijing) Co., Ltd. through a combination of issuing shares and cash payment, along with raising supporting funds [2][3] - The company has completed the audit and evaluation work as of December 31, 2024, and the draft of the restructuring report is nearly finished, pending procedural work by relevant intermediaries [3] - The restructuring proposal requires approval from the company's board of directors and shareholders, as well as consent from the Shenzhen Stock Exchange and registration with the China Securities Regulatory Commission before it can be officially implemented [3]

高盛总裁约翰·沃德朗：企业并购的需求正处于积压状态。 ...

Core Viewpoint - ST United (600358.SH) is attempting to revitalize its performance through the acquisition of Jiangxi Runtian Industrial Co., Ltd, despite a history of unprofitable operations and significant risks of delisting due to past mergers and financial struggles [1][2][6]. Company Overview - ST United has primarily relied on mergers and acquisitions to drive performance, with its main business rarely generating profits [1][2]. - The company has faced multiple financial challenges, including a significant drop in performance and a risk of delisting due to negative net profits and revenue [6][7]. Recent Developments - On May 28, ST United announced plans to acquire 100% of Jiangxi Runtian, which is a leading bottled water company in Jiangxi, and aims to raise funds to support this acquisition [1][7]. - The acquisition is seen as a potential lifeline for ST United, which is struggling to maintain its listing status [7][10]. Financial Performance - ST United's financial performance has deteriorated, with a reported revenue of 3.65 billion and a net loss of 637 million in 2024, nearing delisting thresholds [6][9]. - The company has a history of failing to meet performance targets set during acquisitions, leading to significant financial penalties and losses [2][3]. Market Context - The bottled water market is highly competitive, with major brands like Nongfu Spring and Wahaha dominating over 58.6% of the market share, leaving little room for regional brands like Runtian [10][11]. - Runtian has shown financial stability with projected revenues of 1.26 billion and net profits of 177 million in 2024, which could help ST United reverse its declining performance if the acquisition is successful [7][10]. Strategic Implications - The acquisition of Runtian is part of a broader strategy for ST United to transform into a comprehensive service provider in the cultural tourism sector, although past performance raises concerns about the effectiveness of this strategy [2][6]. - The success of the acquisition will depend on Runtian's ability to adapt to market trends and effectively compete against larger brands [11].

长江商报消息英特集团（000411）(000411.SZ)欲通过对外并购同行，进一步提升市场地位。 5月27日晚间，英特集团发布公告称，公司全资子公司浙江英特药业有限责任公司(以下简称"英特药业")拟通过浙 江产权交易所指定平台参与竞拍浙江华通医药集团有限公司(以下简称"华通医药")100%股权，挂牌底价为3.69亿 元，实际受让价以浙江产权交易所最终竞拍受让价为准。 长江商报记者注意到，华通医药为浙农股份（002758）(002758.SZ)旗下医药板块全资子公司。挂牌出售华通医 药，浙农股份意在聚焦农业综合服务主业。而华通医药与英特集团现有业务高度协同，因此英特集团将通过收购 华通医药进一步提升其在医药批发及零售业务在浙江市场的占有率，增强对上游供应商的议价能力和终端消费者 的影响力。 数据显示，作为浙江省医药流通重点企业，2024年，英特集团实现营业收入333.52亿元，同比增长4.05%；归属于 上市公司股东的净利润(净利润，下同)5.26亿元，同比增长7.53%；扣除非经常性损益后的净利润(扣非净利润，下 同)5.1亿元，同比增长25.74%。 长江商报记者注意到，2023年英特集团完成资产重组。2 ...

Summary of SunCoke Energy (SXC) Acquisition of Phoenix Global Conference Call Company and Industry - **Company**: SunCoke Energy (SXC) - **Acquisition Target**: Phoenix Global - **Industry**: Steel production services Key Points and Arguments 1. **Acquisition Details**: SunCoke Energy announced a definitive agreement to acquire Phoenix Global for $325 million, representing an acquisition multiple of approximately 5.4 times based on a last twelve months adjusted EBITDA of $61 million as of March 31, 2025 [5][6] 2. **Funding and Synergies**: The acquisition will be funded through cash on hand and borrowing from a revolver with a capacity of $350 million. Expected annual synergies from the transaction are approximately $15 million [6][17] 3. **Strategic Fit**: Phoenix Global is a leading provider of mission-critical services to major steel producers, enhancing SunCoke's reach to new industrial customers, including electric arc furnace operators [7][8] 4. **Long-term Contracts**: Phoenix has long-term contracts with a weighted average life of approximately six years, providing predictable revenue and limiting earnings volatility [11][12] 5. **Operational Efficiency**: SunCoke plans to leverage its operational and technical expertise to enhance Phoenix's operations, aiming for improved efficiency and increased EBITDA from existing services [38][57] 6. **Market Expansion**: The acquisition will allow SunCoke to expand its footprint in North America, Brazil, and Europe, and to serve a larger group of steel mills, particularly in the electric arc furnace segment [16][20] 7. **Debt Profile Post-Acquisition**: Post-acquisition, SunCoke's gross leverage is expected to be approximately 2.62 times based on pro forma combined adjusted EBITDA of $279 million, which is below the long-term target of three times [17][18] 8. **Commitment to Shareholders**: The acquisition is positioned to enhance long-term sustainable earnings growth and increase shareholder value, while maintaining the quarterly dividend [21][48] Additional Important Content 1. **Limited Commodity Exposure**: Phoenix's contracts are structured to limit exposure to commodity price fluctuations, primarily using indexed pricing for diesel fuel [30][31] 2. **Future Growth Opportunities**: There are significant opportunities for growth in the electric arc furnace market, where Phoenix currently serves only 7% of the U.S. market [42][43] 3. **Granulated Pig Iron Project**: The acquisition does not impact SunCoke's plans for the granulated pig iron project, which remains a priority despite delays [46][48] 4. **Corporate Synergies**: Immediate corporate synergies are expected from the removal of redundancies, with further efficiencies anticipated as operations are integrated [36][57] This summary encapsulates the critical aspects of the conference call regarding SunCoke Energy's acquisition of Phoenix Global, highlighting the strategic rationale, financial implications, and future growth potential within the steel production services industry.

飞凯材料（300398）公告，全资子公司和成显示拟以1.7亿元购买JNC苏州100%股权，并以2.12亿元购 买JNC集团所有与显示液晶相关的专利。同时，JNC将以1.7亿元认购和成显示新增注册资本，取得 5.10%股权。交易完成后，和成显示将变为控股子公司，JNC苏州将纳入公司合并报表范围。 ...

以下文章来源于睿兽Pro ，作者Bestla 睿兽Pro . 从并购交易规模而言，传统行业已披露交易规模最大，达到190.52亿元人民币，其次是文化娱乐（156.09 亿元人民币）和电子商务（119.67亿元人民币） 。 创业邦旗下横跨一二级市场的科创数据平台。实时投资数据、追踪产业创新。找数据、做分析、链资 源，就上睿兽分析。 2025年Q1睿兽分析监测到并购交易534个，涉及交易金额2371.86亿元人民币，交易数量与去年同期基本 持平。从首次披露时间来看，2025年Q1年首次披露并购事件421个，涉及交易金额1040.28亿元人民币； 从事件进行状态来看，2025年Q1宣布已完成事件173个，涉及交易金额1282.89亿元人民币。 2025年Q1监测到的534个并购交易中，主要围绕传统行业（94个，17.60%）、智能制造（71个， 13.30%）、能源电力（48个，8.99%）等热门行业。在首次披露并购交易中，传统行业、智能制造、能源 电力为排名前三的热门行业；在已完成并购交易中，传统行业，智能制造、企业服务为排名前三的热门 行业。 | ■ 制造业 | | ■ 高端制造设备 | ■ 通用外包服务 | ...