urbanSTL

It's behind a pay wall, but Square is "believed to be looking at locations near its current office in Cortex but also is exploring the possibility of opening a downtown office."

http://www.bizjournals.com/stlouis/news ... ffice.html

Maybe not the best place to post this, but bad news for Express Scripts. They're probably losing their biggest customer, representing 17% of revenues. Their stock dropped 13% yesterday.

http://www.stltoday.com/business/local/ ... f3b4b.html

If there are job losses, I predict they will be at the Minneapolis location. The St Louis HQ has become very much the corporate office, while Minneapolis is more the 'general' workforce. I think we'll avoid a hit on this one.

Lumeris Aquires Analytics Company

http://www.bizjournals.com/stlouis/news ... mpany.html

Express Scripts' market value is down by about 1/3 since the end of last year. Analysts think they could be a takeover target:

http://www.stltoday.com/business/local/ ... 97658.html

I don't even want to entertain an acquisition of ESI. They represent a very large portion of our GDP, if I'm not mistaken. The PD article is very much assumption based, IMO. It also doesn't take into account that any acquisition of Express Scripts is actually very unlikely.

A simple google search on this topic will produce a litany of articles from places like Business Insider and Barron's that all are reporting that Anthem wants to reach a resolution with ExpressScripts, albeit unlikely. None of them make any allusion to this making Express Scripts a target for acquisition, but they do say that this loss will most likely make Express Scripts move to acquire a competitor to make up for lost revenue.

This article says how ESI will more than likely ink a deal with Aetna. Aetna's contract with CVS will expire...in 2019.

https://www.bloomberg.com/gadfly/articl ... -cuts-deep

http://www.barrons.com/articles/ailing- ... 1493438760

Either way, thanks to the PD for giving me heart failure at 3 AM.

Post is on the hunt for another one.

https://www.bloomberg.com/news/articles ... st-conagra

^ Word. Love me some mustard on my Gus' pretzels while washing it down with a Vess.

I would love to see St Louis go after Kellogg's in Battle Creek, MI, or another Fortune 500 that's based in a small town. I'm surprised Greitens hasn't been going after these types of corporations.


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Foreign companies just love us

Report: Swiss mining giant making takeover approach for Bunge Ltd.

http://www.bizjournals.com/stlouis/news ... roach.html


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The St. Louis Bunge is already a subsidiary of a larger multi-national company HQ'ed and controlled from elsewhere - just Iike Nestle-Purina or AB-InBev - but yeah, these transactions rarely seem to turn out well.

I'm surprised we haven't seen any acquisition activity from energizer or edgewell. I figured after the split at least one of them (especially whomever wound up less leveraged) would go on a shopping spree. Hopefully that's still in the cards.

wabash wrote: ↑

May 24, 2017

The St. Louis Bunge is already a subsidiary of a larger multi-national company HQ'ed and controlled from elsewhere - just Iike Nestle-Purina or AB-InBev - but yeah, these transactions rarely seem to turn out well.

Pretty good follow up article in PD explaining some of the driving forces behind an expected wave of consolidations in the ag commodity business. Also discusses the talk that Bungee had concerning consolidating North American operations with another commodity broker as well as note who the big players are..

As Wabash noted, someone loses in consolidation. I wonder how much people at ADM should worry and if in the larger picture if St. Louis region might gain at end of day but not necessarily be anything more then a NA Headquarter location. In other words, Multi national corporation uses Bunge to gobble up other corporate assets before the privately held companies do & therefore consolidates sales & back offices in St. Louis with its strong central location, IT services and ag/seed science presence.

http://www.stltoday.com/business/local/ ... 62a79.html

"Mallinckrodt said to be exploring sale of generic drugs business"

http://www.stltoday.com/business/local/ ... db62f.html

St Louis has lost 13,000 jobs in the last two months...per PD


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Chalupas54 wrote: ↑

May 31, 2017

St Louis has lost 13,000 jobs in the last two months...per PD


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Monthly job numbers always seem out of whack to me IMO. Especially St Louis with some big swings in the last year without the big layoff and or job announcements.

After acquiring Health Net Centene jumps 58 spots to #66 on the 2017 Fortune 500

^And Olin joins the list at 467 after merging with Dow's Chlor-Alkali business.

Post will join next year following the Weetabix acquisition.

moorlander wrote: ↑

Jun 08, 2017

After acquiring Health Net Centene jumps 58 spots to #66 on the 2017 Fortune 500

Crying over spilled milk here, but wouldn't it have been great to have #66 downtown?!

MattnSTL wrote:

moorlander wrote: ↑

Jun 08, 2017

After acquiring Health Net Centene jumps 58 spots to #66 on the 2017 Fortune 500

Crying over spilled milk here, but wouldn't it have been great to have #66 downtown?!

They'd have all of BPV under development. That would have been something!

Noticed a couple STL companies made acquisitions lately.

TricorBraun makes Canadian acquisition

http://www.bizjournals.com/stlouis/news ... ition.html

Proficient acquires Chicago firm

http://www.bizjournals.com/stlouis/news ... -firm.html

jshank83 wrote: ↑

Jun 27, 2017

Proficient

Perficient*

Centene keeps growing:

http://www.stltoday.com/business/local/ ... da058.html