Fox Business - The Power to Prosper
Search Site

Scott Davis

M&A pickup among U.S. conglomerates may be undercut by prices

When United Technologies Corp paid more than $16 billion to buy plane parts-maker Goodrich Corp about two years ago, the U.S. conglomerate's biggest-ever takeover raised some eyebrows for its rich valuation.But that is nothing compared to what a buyer would need to cough up today for Rockwell Collins Inc , a similar airplane components maker deemed by Morningstar to be one of the most likely takeout candidates in the industrials sector.While United Tech paid 12.4 times Goodrich's trailing operating earnings at the time, according to Thomson Reuters data, Rockwell's shares now trade at about that level, without any deal premium baked into the price. Takeout premiums among industrials companies averaged about 25 percent last year.Such is the dilemma facing United Tech, 3M Co , Honeywell International and other diversified manufacturers that are eager to bolster their businesses through deals and yet may hesitate as the rising stock market drives prices higher."There are a lot of companie...

Read More

  1. UPS CFO Talks Wall Street

    UPS CFO Kurt Kuehn on creating wealth for the company and shareholders.

  2. Inside UPS, an American Icon

    FBN’s Adam Shapiro on how UPS has transformed itself into a cutting-edge technology company.

  3. Google Battles the Government Over Data

    FBN’s Lauren Simonetti reports that Google is going to court over the need to divulge surveillance information.

  4. UPS CEO: Veterans Make Great Employees

    FBN's Rich Edson talks to UPS CEO Scott Davis on hiring veterans, the economy and tax reform.

  5. 'Movin' on up' is Hard to do

    In a perfect world, you would sell your current home and buy your new home on the same day, moving seamlessly from one mortgage to the next. While this seamless tran...

  6. UPS Says CEO's 2012 Compensation Totaled $12.1 Million

    United Parcel Service Inc. (UPS) said Chief Executive Scott Davis received compensation valued at $12.14 million last year, down about 7% from $13.05 million in 2011...

  7. United Parcel Raises Quarterly Dividend by 8.8%; Reauthorizes Stock Buyback Plan for $10 Billion

    United Parcel Service Inc.'s (UPS) board raised the shipping giant's quarterly dividend by 8.8% on its class A and class B shares, and approved additional stock buyb...

  8. United Parcel Swings to 4th-Quarter Loss on $3 Billion Pension-Related Charge

    United Parcel Service Inc. (UPS) said the global economy returned "to more normal patterns" in the fourth quarter, helping to lift both its domestic and internationa...

  9. UPS Delivers 4Q Miss, Cautious '13 View

    Hit by a $3 billion pension charge, economic bellwether UPS (NYSE:UPS) said Thursday it swung to a fourth-quarter loss of $1.75 billion and the shipping giant's adju...

  10. UPS Yanks $7B Bid for TNT Express

    UPS's (NYSE:UPS) $7 billion deal to acquire Dutch shipping company TNT Express collapsed on Monday as European regulators were poised to block the transaction on ant...

  11. UPS to withdraw TNT Express bid after EC veto

    United Parcel Service Inc said it would drop its 5.2 billion euro ($7 billion) bid for TNT Express on the expectation of a European Commission veto, halving the valu...

  12. TNT, PostNL Shares Off; EC Seen Blocking UPS Deal

    TNT Express shares are slumping 43%and Post NL shares are off 34% in Amsterdam. United Parcel Service Inc., the Atlanta transportation and logistics group, said on M...

  1. UPS 4Q Profits Match Trimmed Expectations

    UPS (NYSE:UPS), the world's largest delivery company, revealed stronger-than-expected fourth-quarter earnings on Thursday despite an overabundance of late-season vol...

  2. Midday Market Report: 10/8/13

    100 dollar bill gets a face lift

  3. What Size Down Payment Should You Make?

    When buying a home, some financial experts recommend making the largest down payment possible, while other experts suggest -- particularly when mortgage rates are lo...

  4. UPS CEO on Economic Headwinds

    UPS CEO Scott Davis weighs in on the state of the U.S. economy and company growth.

  5. UPS 2Q Profits Slip 4%, Match Expectations

    Despite concerns about global growth, economic bellwether UPS (NYSE:UPS) posted an in-line 4% dip in second-quarter profits on Tuesday and reaffirmed its full-year g...

  6. UPS CEO: Fiscal Policy a Drag for Business

    UPS Chairman and CEO Scott Davis told FOX Business on Wednesday while the economy is on the right track, the White House's fiscal policy has been a drag on business....

  7. UPS CEO: Fiscal Policy a Drag for Business

    UPS CEO Scott Davis discusses the U.S. economy, global growth, politics and his succession plans.

‹ Prev1234Next ›
Freebase CC-BY
Source: Scott Davis on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL