-
7/31/2019 M&A Snapshot Q3 2012
1/12
G.APCA[PHDVQ0 2;12
D@VDBLR 2;12
-
7/31/2019 M&A Snapshot Q3 2012
2/12
G.APCA[PHDV
D^LR^OLZ @DGGLCVAR_Ndeedzocj ac oc`rlapl oc a`vo~ovy oc vhl
{rl~od|p q|arvlr% zl paz a fo{ oc G.Aa`vo~ovy ndr Q0 Zovhoc vhl
&2< goeeodc ' &1 boeeodc vracpa`vodc ~ae|l racjl%
G.Aa`vo~ovy zap fdzc by 22, nrdg vhl {rl~od|p q|arvlr Hdzl~lr%
a`q|orlrp p{lcv&1>b oc vdvae% 16, hojhlr vhac vhl &16b
p{lcv oc Q2 Glfoac vracpa`vodc polfl`rlaplf by 1>, nrdg
&12:gg eapv q|arvlr vd &1;:gg vhop q|arvlr Zhoel a
bovfopa{{docvocj d~lraee% zl pvoee `hara`vlrol vhl G.A garmlv ap
hlaevhy% i|pv a bovg|vlf
Jddjel zap vhl gdpv a`vo~l a`q|orlr vhop q|arvlr% `edpocj fi~l
~lry fo~lrplvracpa`vodcp racjocj nrdg pd`oae garmlvocj {eavndrg
{rd~oflr Zoeffirl Ocvlra`vo~lvd {rdnlppodcae {hdvdjra{hy lfovocj
`dg{acy Com Pdnvzarl Acdvhlr vd{ a`q|orlrndr Q0 zap OA@
(OcvlrA`vo~l@dr{/% zhd a`q|orlf vzd zlb `dcvlcv b|poclpplp
(Abd|v`dg acf FavlHddm\{`dg/% aedcj zovh ^@'ba`mlf _lxv% zho`h
{rd~oflp{ay'{lr'`aee ed`ae af~lrvopocj plr~o`l |voeoocj p{ll`h
rl`djcovodc
Vhl l~de|vodc dn ~ofld acf `deeabdravo~l a{{eo`avodcp {eayp ac
og{drvacv rdel ocvhop q|arvlr% a``d|cvocj ndr 1>, dn vhl vdvae
vracpa`vodcp zovhoc vhl &2
-
7/31/2019 M&A Snapshot Q3 2012
3/12
@D^LRAJLAr`hovl`v [arvclrp vra`mp G.A a`vo~ovy zovhoc vhl
`dc~lrjocjOcvlrclv u gdboel u fojovae glfoa pl`vdrp Vhl
ndeedzocj
applppglcv op nd`|plf dc G.A vracpa`vodcp zovh accd|c`lf~ae|lp
dn blvzllc &28>1 >0
, 6:,
06&
-
7/31/2019 M&A Snapshot Q3 2012
4/12
Vhl ndeedzocj a`q|orlrp arl jlclraeey a`vo~l dr ocfl|lcvoae
b|ylrp zovhoc vhl Ocvlrclv u gdboel u fojovae glfoa pl`vdrp Bledz%
zl hojheojhvaccd|c`lf a`q|opovodcp oc vhl vhorf q|arvlr dn 2;12
6
A@Q\ORLR # VARJLV
; Fl~led{p a ~ofld pharocj a{{eo`avodc ndr a{v|rocj% lfovocj acf
pharocj ~ofldpnrdg pgarv{hdclp#
22 ;8$;1$2;12 NLO @dg{acy ^op|aeoavodc P`olc`lpJrd|{
& ;8$;:$2;12 P[P @dgglr`l Lfono`l OcndrgavodcGacajlglcv
Pypvlgp
&08 [rd~oflp ed|f'baplf p|{{ey haoc {lrndrgac`l pde|vodcp
zovh gdrl vhac [rd~oflp gacajlf {ay{hdclp% {|beo` Ocvlrclv flpmp
acf zorlelpp nofleovy (ZoNo/plr~o`lp oc vhl \covlf Mocjfdg acf
Jlrgacy#
28 ;8$2;$2;12 @ovyJrof Nleox &0; [ay'{lr'`aee ed`ae
af~lrvopocj plr~o`l |pocj p{ll`h rl`djcovodc vl`hcdedjy vdeopvlc vd
aee vhl `aeep rl`lo~lf by a ed`ae b|poclpp#
!
-
7/31/2019 M&A Snapshot Q3 2012
9/12
?
G.AVRACPA@VODCP9 &2 D{lravlp dceocl hdvle acf vra~le rl~olz
{drvae Ydd~lr#
02 ;?$2 Pyca{vo` Fojovae &2< Plr~lp ap a g|evo`haccle
~ofld rlavodc acf fopvrob|vodc dg{acy hle{ocj bracfp
vd vlee vhlor pvdrolp a`rdpp larclf% dzclf% acf {aof glfoa#!
-
7/31/2019 M&A Snapshot Q3 2012
10/12
1;
G.AVRACPA@VODCP9 &2>0 [rd~oflp ~do`l% fava% brdafbacf
Ocvlrclv% gdboel% gacajlf plr~o`lp% acf fojovae`abel vlel~opodc
{rdf|`vp acf plr~o`lp vd vhl b|poclpp% jd~lrcglcv% zhdelpael%acf
rlpoflcvoae pl`vdrp oc Clz Ylaeacf#
0 ;:$1?$2;12 Poc`eaor Brdaf`apv Jrd|{ Clz{drv
Vlel~opodc%Brdaf`apv Applvp Dn PoxVlel~opodc Pvavodcp
&610 Vhl pox pvavodcp arl ed avlf oc no~l garmlvp acf rla`h
0#;, dn vhl \#P# V^hd|plhdefp#
6 ;:$ 1?$2;12 @dx Glfoa Jrd|{ Clz{drv Vlel~op odc% 6Vlel~opodc
Pvavodcp
&0;2 Clz{drv Vlel~opodc EE@% 6 Vlel~opodc Pvavodcp dg{roplp
6 vlel~opodc brdaf apvocjpvavodcp annoeoavlf zovh vhl NDX% CB@%
AB@% @BP% acf @Z clvzdrmp#
< ;?$;6$2 ;12 Id|rcae Brda f apv Clzp @haccl e < Clvzdr m
&21< D{lravlp a vlel~o podc pvav odc vhav brdaf a pvp clzp
oc vhl a rlap d n zlavhlr% v ran no %lcvlrvaocglcv% p{drvp% hlaevh
acf eonlpvyel#
> ;:$1>$2;12 Goeeo`dg Ocvlrcavodcae@lee|ear
@abel~opoc [araj|ay &1
-
7/31/2019 M&A Snapshot Q3 2012
11/12
11
A c|gblr dn og{drvacv vracpa`vodcp zlrl accd|c`lf oc vhl vhorf
q|arvlr dn 2;12 zovh `dcpoflravodc oc lx`lpp dn &1b dr
zovh|caccd|c`lf vracpa`vodc ~ae|lp
G.AVRACPA@VODCP9 DVHLR CDVABEL
Cdvl9 Vracpa`vodc ~ae|lp zovhoc a racjl arl {rlplcvlf ap a
gof'{docv ~ae|lPd|r`l9 Ar`hovl`v [arvclrp% @a{ovae OQ% `dg{acy
fieocjp acf {|beo` ocndrgavodc
#
ACCD\C@LF
FAVL B\_LR VARJLV
VRACPA@VODC
^A E\L (&G G/ VAR JL V FL P@ RO [VO DC
A[
OCPOJHVPG
G.A AELRV
^@'
BA@MLF
1 ;8$1
-
7/31/2019 M&A Snapshot Q3 2012
12/12
