Welcome to the Kowtowing issue of M&A Daily
Bank of America
Foreign buyers balked at buying White Mountains (NYSE:WTM) after Trump's election. Deal-makers - especially involving cross-border deals - are concerned about Trump's nationalism and weaponized Twitter (NYSE:TWTR) account. Other deal-makers (and prospective deal-makers) are lining up in front of Trump Tower to kowtow to the President Elect.
So far, kowtowers include SoftBank (OTCPK:SFTBY) CEO Masayoshi Son, who wants approval for Sprint (NYSE:S) to participate in wireless consolidation, perhaps by buying T-Mobile (NASDAQ:TMUS). Alibaba (NYSE:BABA) CEO Jack Ma met Trump; his company is the major asset of Yahoo (YHOO), itself in the midst of a major asset sale to Verizon (NYSE:VZ). After that came the Monsanto (NYSE:MON) and Bayer (OTCPK:BAYZF) CEOs, who seek merger approval. Next up, AT&T (NYSE:T) leaders are arriving to talk up their Time Warner (NYSE:TWX) deal, which is complicated by Trump's dislike of his coverage on CNN.
ClubCorp (NYSE:MYCC) is seeking a buyer in response to activist pressure.
-- ABOUT CHRIS--
Chris DeMuth Jr. is the founder of Rangeley Capital LLC.
Chris runs the Sifting the World (StW) value-investing forum, where he and his exclusive community search the world for even-driven, value-oriented opportunities. Find out more about becoming a StW member »
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Beyond Seeking Alpha
Sifting the World
Disclosure: I am/we are long MYCC.
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