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Non-GAAP Adjustments: Impact of Merger and Acquisition Activity on Performance Targets and Results

Harvard Corporate Governance

Introduction One of the more complex issues when measuring performance for incentive plan purposes is how to consider the effect of mergers, acquisitions, dispositions, and the related transaction costs (M&A activity) on financial performance during the performance period. This post is based on their Pay Governance memorandum.

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Albertsons Backs Out of Merger Deal and Sues Kroger After Court Rulings

NYT M&A

The supermarket chain had tried to join forces with Kroger, but judges sided with federal and state regulators who charged that the merger would reduce competition.

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Federal Judge Blocks $25 Billion Kroger-Albertsons Grocery Merger

NYT M&A

The Federal Trade Commission notched a victory in its efforts against the supermarket merger, which it sought to block over concerns about harm to shoppers and workers.

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BuzzFeed Strikes Deal to Sell ‘Hot Ones’ Company for $82.5 Million

NYT M&A

The sale, to a group that includes the shows host, Sean Evans, and Soros Fund Management, will allow BuzzFeed to pay down tens of millions of dollars in debt.

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Omnicom and Interpublic to Merge, Creating Ad Agency Giant

NYT M&A

If they combine, Omnicom and Interpublic would become the largest advertising company in the world.

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Honda and Nissan Are in Talks to Deepen Ties and Possibly Merge

NYT M&A

The merger talks between Japans second- and third-largest automakers highlight the intense upheaval within the worlds auto industry.

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Guardian Journalists Strike Over Planned Sale of The Observer

NYT M&A

Workers have begun a 48-hour walkout, the first in 50 years for the outlet, over a proposal to sell The Observer to Tortoise Media, a digital media start-up.

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