urbanSTL

^ It looks like the potential Ascenision buy may not be as large of a company as earlier speculated as the company reported it was not a "material" acquisition. But they are welcome downtown anytime!

Also, Stifel is continuing to work it... it picked up a couple of London firms and just acquired a unit of Legg Mason that is based in Baltimore.

Seems like we're still in recession here with every month theres job layoffs... I hope everything changes soon and we start to gain jobs

^^This is just another step in the process of eliminating the St. Louis office, IMO. I've talked to former employees, that are shocked there is still a STL office. I think long term, these jobs will be moved to Omaha. It was most likely, more cost effective, to keep the employees there, due to the lease, employees refusing to move..etc.. etc... I think now that many have been indoctrinated into the ConAgra way, maybe their more likely to move to Omaha, when that day comes. They have likely seen some people trickling out since the buy-out. In a nutshell, I do not expect this office to be here in the future.

Man did downtown really just lose 160-200 jobs this week? Thank god for the Webster announcement

Medtronic to buy Covidien for $42.9B
U.S. medical device manufacturer Medtronic announced Sunday night that it has agreed to buy Ireland-based competitor Covidien for $42.9 billion in cash and stock.

The combined company would have its executive offices in Dublin, where it could benefit from Ireland's lower corporate tax rates. But the merged company would continue to operate in Minneapolis, where Medtronic employs more than 8,000, the companies said in a statement.

more
http://www.stltoday.com/business/local/ ... b2c09.html

How big is covidian in STL? How many do they employ and is it mainly back office?

I don't think Covidien has a significant presents in St. Louis, back office or otherwise. This shouldn't have a significant impact on employment here.

They used to own Mallickrodt (which was their pharmaceutical division), but spun it off about a year ago. They're incorporated in Dublin (like Covidien) but headquartered in Hazelwood.

^ You could argue that the spin off turned out pretty good for St. Louis considering Geoff's nextstl post about Millinckrodt's $200 million planned expansion/modernization for its north riverfront facility.

The capital the owners receive will also be good. They can always use it to start another company. As long as they stay in STL.

http://www.stltoday.com/business/column ... f5e46.html

Buyers remorse..... ?

On the positive side, you can look to one St. Louis based company that has done well recently being the big fish in the pond.

Pure speculation, but does anyone think that Acension is entertaining a corporate relocation to CWE/Cortex? Can't help but think of Kopeland (if I got the name right) teaming up with Koman and bringing in a high powered architect to design a signature building for a specific anchor tenant.

http://www.stltoday.com/business/local/ ... e0d54.html

Ascension, the parent company of the nation's largest nonprofit health care system, reported income from operations rose 34 percent to about $606 million for the year ended June 30, 2014.

Ascension officials say the significant increase in both income and revenue was thanks to the acquisition of Tulsa, Okla.-based Marian Health System in April 2013, which included 35 hospitals throughout Wisconsin, Minnesota, Oklahoma and Kansas.

roger wyoming II wrote:Ascension is one of the companies that has zero visibility with their HQ location.

I guess it's tough to have visibility when you're boxed in by The Parking Spot (structured parking), The Parking Spot 2 (covered parking), and The Parking Spot 3 (surface lot parking).

Shipworks was purchased by Stamps.com for $22mil.

http://www.bizjournals.com/stlouis/blog ... llion.html

Peabody Energy should start their corporate transition by acquiring SunEdison.

Ronnoco coffee just completed it's 4th acquisition in. 18 months and has moving all the jobs and production to StL.

http://m.stltoday.com/business/local/ro ... touch=true

http://www.stltoday.com/business/local/ ... c6b78.html

Post has acquired MOM Brands Co. Adding some good brands to their portfolio.