St. Louis Corporate Mergers, Acquisitions & Relocations

New and changing stores, restaurants, and businesses in the City of St. Louis
First unread post821 posts
Looks like there won't be a big exodus out of STL for Express Scripts, at least for now: http://www.stltoday.com/business/local/ ... op-story-1
^How many jobs will be lost is yet to be determined. The senior leaders at the companies are still determining how the merged company will be structured.
Well, Peabody is back in. STL has 10 Fortune 500 companies in 2018. Not bad.

https://www.bizjournals.com/stlouis/new ... -list.html
RTP Biz article highlighting St. Louis as a recent threat to their business model.

https://www.google.com/amp/s/www.bizjou ... h.amp.html

CTC: Chose St. Louis over RTP
Bayer Moving NAHQ from RTP to St. Louis. A potential loss of 1,500 employees for RTP.
BASF: Seems committed to RTP but can relocate their office in 3-years and already has a small manufacturing presence in STL.



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addxb2 wrote:
Tue May 29, 2018 7:40 am
RTP Biz article highlighting St. Louis as a recent threat to their business model.

https://www.google.com/amp/s/www.bizjou ... h.amp.html

CTC: Chose St. Louis over RTP
Bayer Moving NAHQ from RTP to St. Louis. A potential loss of 1,500 employees for RTP.
BASF: Seems committed to RTP but can relocate their office in 3-years and already has a small manufacturing presence in STL.
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Just an FYI: In 2013, BASF had their Pest Control division in St. Louis. Once BASF began to consolidate NA operations, Pest Control moved to RTP.

https://www.bizjournals.com/stlouis/new ... om-st.html
Bayer will find $300 million less in synergies due to divesture of more business units than anticipated. I would think that this is a good thing for STL. Not only will there be less synergies in the form of layoffs (I hope), the fact that Bayer had to sell of several units that overlap with Monsanto's should keep more of the operations here in STL. Most notably, Bayer had to sell off their equivalent to Round-Up. Obviously, there is a long way to go before we know the true impact of this deal, but there are signs that point to the impact of this deal being less than first anticipated.

http://www.stltoday.com/business/local/ ... 244D77E2ED
addxb2 wrote:
Tue May 29, 2018 7:40 am
RTP Biz article highlighting St. Louis as a recent threat to their business model.

https://www.google.com/amp/s/www.bizjou ... h.amp.html

CTC: Chose St. Louis over RTP
Bayer Moving NAHQ from RTP to St. Louis. A potential loss of 1,500 employees for RTP.
BASF: Seems committed to RTP but can relocate their office in 3-years and already has a small manufacturing presence in STL.

Sent from my iPhone using Tapatalk
For the sake of pure speculation on my part, could a BAYER NAHQ be a possible anchor tenant for ATT One Center? Bob Clark Clayco group would have the national recognition and no doubt the ability to pull it off for BAYER. Southwest growing presence at Lambert would certainly support domestic HQ travel needs and, as many note, International flights to most European cities are rather easy one stop connection.

Following Bayer is pretty interesting right now with the various articles popping up including what are they going to do about their pharma RD. The one thing that seems unique to me is how the Europeans are more willing to look at say St. Louis vs. say the coast because that is where we have to be. Or another way to put it, it seems to be much more of cost basis decision vs. what I think is the overblown emphasis on talent. Big Corporations have the ability to seek out, find and develop talent & St Louis does have the educational institutions in Wash U, SLU & UMSL

http://www.stltoday.com/business/local/ ... 5eea1.html
Hopefully it could also trigger a flight to FRA!
Rawlings is being sold to a group which includes Major League Baseball:

http://www.stltoday.com/business/local/ ... 11197968C6
framer wrote:
Tue Jun 05, 2018 11:55 am
Rawlings is being sold to a group which includes Major League Baseball:

http://www.stltoday.com/business/local/ ... 11197968C6
That's a good thing for Rawlings and IMO for the St. Louis-based employees specifically; I can't see them wanting to agressively cost-cut just to prop up share prices, and maybe I'm wrong but I don't see them feeling the need to relocate the HQ to another city.

Speaking of the HQ being that it's now at least partially owned by MLB, it makes all the sense in the world to move the headquarters from a random suburban office into a shiny new building in the middle of an exciting development right next to one of the jewels of the sport!

Right?

-RBB
I would assume the same considering the MLB already has a relationship with the Cardinals, you'd hope a move to an MLB owned property would be cyclically good for them (pay yourself for services you already provide).
Serious question.

What are the odds of St. Louis being able to woo Bayer out of North Carolina?

I have heard a few people discuss this around my office, and I curious if this is actually...a thing.
On Bayer and NC...I don't think I understand the question.

That's all happening.

https://www.stltoday.com/business/local ... ea13b.html

[i]The St. Louis region will become Bayer’s North American headquarters and retain its presence as a leading hub of biotech research. Bayer’s crop science researchers, for instance, will join Monsanto’s research campus in Chesterfield after moving from their current home in North Carolina.

The timing of that move — and the precise scope of how many employees will come and go from St. Louis-area facilities — remains uncertain, with Condon saying that it “is going to take probably a year” to unfold.

“Some people will move immediately, some people will take longer,” Condon said. “This also depends on family situations — kids at school and whatever.”[/i]
soulardx wrote:
Mon Jul 30, 2018 8:44 am
On Bayer and NC...I don't think I understand the question.

That's all happening.

https://www.stltoday.com/business/local ... ea13b.html

The St. Louis region will become Bayer’s North American headquarters and retain its presence as a leading hub of biotech research. Bayer’s crop science researchers, for instance, will join Monsanto’s research campus in Chesterfield after moving from their current home in North Carolina.

The timing of that move — and the precise scope of how many employees will come and go from St. Louis-area facilities — remains uncertain, with Condon saying that it “is going to take probably a year” to unfold.

“Some people will move immediately, some people will take longer,” Condon said. “This also depends on family situations — kids at school and whatever.”
Oh, I seriously did not know that. However, that would explain all of the Bayer advertisements around St Louis. I kinda wish local media would actually tout that more, doesn't seem like that big of a loss of Monsanto, but seems like a huge gain with Bayer.

Is this being perceived as a loss in NC?
^^ Thanks, I didn't know either. Probably the best outcome you could ask for.

Now I need to go change up my post about ATT buildings and think of a company that has a presence or would entertain a relocation
Chalupas54 wrote:
Mon Jul 30, 2018 9:17 am
Oh, I seriously did not know that. However, that would explain all of the Bayer advertisements around St Louis. I kinda wish local media would actually tout that more, doesn't seem like that big of a loss of Monsanto, but seems like a huge gain with Bayer.

Is this being perceived as a loss in NC?
It would seem so, yes. Came up a while back tangentially when St. Louis landed the Sugarcane firm.
Sugarcane firm picks St. Louis over RTP for North American research HQThe Triangle has lost to St. Louis before when it comes to ag-tech. Bayer, for example, is moving its North American headquarters to St. Louis once its Monsanto deal closes.
And there are several other headlines within the last few years. And job numbers. The Bayer move was expected to cost RTP about three hundred jobs. (Some of which they're making up as BASF expands on buying assets Bayer is selling.) I don't get the feeling they're counting it a devastating blow, but I definitely think we're on RTP's radar.
Unfortunately I wouldn't anticipate Bayer making much of an impact in urban St. Louis. Their campuses in North Carolina are VERY suburban. I'm sure they will just build around the existing Monsanto Campus in the county.
Carl Icahn to push against Cigna's acquisition of Express Scripts
https://www.wsj.com/articles/carl-icahn ... 1533150217
Apparently Republic Airlines is nearing a deal to buy Trans States Holdings, which is headquartered in Bridgeton near Lambert. Trans States Holdings owns Trans States Airlines, GoJet Airlines, and Compass Airlines, which operate regional jets for the US3.

https://twitter.com/jonostrower/status/ ... 0946388992
^That would fit with their offloading the evacuation trainer, sadly. Not a great time to be a regional. Looks like United is making a bid for ExpressJet as well. American and Delta have been cutting back on outside regionals at a ferocious pace (handing the business over to their subsidiaries.) If United does that too (and they just might, in order to have a better pilot pipeline) that leaves a lot less space for companies like Trans States and Republic. So maybe their ownership is thinking "get out now while the getting is good." And here I was very much hoping they were thinking of something bigger with their upcoming orders.

Anyway, the United Story, per Bloomberg: United Explores Investing in Regional Airline ExpressJet
Senniger Powers is merging with Stinson Leonard Street. The move will see the Senniger lawyers relocate from downtown to the Stinson offices in Clayton. Stinson is HQed in KC.

https://www.bizjournals.com/stlouis/new ... merge.html

In other news, Core & Main is on an acquisition binge. They have purchased four companies in the last year and, from the sounds of their press releases, they are nowhere near done. For reference, Core & Main is headquartered here (Maryland Heights)...they were spun off of HD Supply last year (HQed in Atlanta) when a private equity firm bought them.

https://www.bizjournals.com/stlouis/new ... es-an.html