Tyson Foods is reported to be acquiring Keystone Foods from Marfrig for US$2.5B.
As reported on July 30, we had tracked Tyson executives completing its due diligence over the past 3 months. Our CAI product saw Tyson’s private jets making visits to Keystone headquarters in West Chester, PA followed by visits to Keystone processing plants in Alabama, Georgia and Kentucky.
Cisco today announced its intention to buy Ann Arbor, MI-based security firm, Duo Security for $2.35B.
Executives from Cisco took a corporate jet to to Ann Arbor to finalize terms with the private company on July 26.
Fortive Corp announced the purchase of Austin based Accruent Inc for US$2bn.
We tracked the company visiting Austin for the first time in May followed by a visit to Accruent’s parent company Genstar Capital in San Francisco on 3 separate occasions the following month. This is the second acquisition we were able to track for Fortive using our Corporate Aviation Intelligence software. In early June, the company had purchased JnJ’s sterilization products business.
Tyson Foods is reportedly close to buying Keystone Foods, a subsidiary of Marfrig Global Foods SA and a supplier of chicken nuggets to McDonald’s.
We saw Tyson foods flying to 3 key locations associated with Keystone foods including its HQ in West Chester, PA and two processing plants in Alabama and Georgia within the past quarter.
Synovus Financial Corp., the second largest bank in Georgia, announced today it is buying Florida’s largest community bank FCB Financial Holdings, Inc. for US $2.9bn. We tracked Synovus’ private jet as it traveled from its Georgia-based headquarters to Fort Lauderdale on June 13, 2018, near where FCB is based.
Boeing is rumored to be working out a deal to sell 777x widebody jets to Saudi Arabian Airlines.
Our Corporate Aviation Data tracked Boeing executives travelling to Saudi Arabia in mid-June – a country they haven’t visited in over a year.
Canadian miner Barrick Gold furthered its partnership with Chinese company Shandong Gold Group.
We tracked Barrick recently making multiple trips to China and Argentina where both firms have mutual assets.
Conagra announced a formal takeover offer for Pinnacle today for US$8.1bn.
Last week we highlighted that we have been able to closely track Conagra’s flights to the HQ of Pinnacle since May 2017 and the recent increase in flight from HQ to HQ was a good M&A signal.
Pinnacle Foods and Conagra are again in discussions for a merger. We tracked Conagra executives arriving in Morristown, NJ from Chicago on two planes on June 12th and they have been to the area 6 times in the past several weeks.
Conagra’s flight frequency to the area is similar to its behaviour in May 2017, when Conagra approached Pinnacle Foods with a takeover offer.
Boeing executives were in Bangalore on Friday to announce the expansion of the firm’s Engineering and Technology Center – accommodating another 1,000 employees to drive aerospace innovation.
Although Boeing executives are global jet-setters (pardon the pun), rarely do they touch down in India. Our Corporate Aviation Intelligence data tracked Boeing executives arriving in Bangalore on the 14th – days ahead of the announcement.
Washington-based industrial giant Fortive has agreed to pay US$2.7b for Johnson & Johnson’s sterilization products business, as reported yesterday.
On May 8th, Fortive executives flew from their headquarters in Everett, Washington to Teterboro, New Jersey to meet with Johnson & Johnson executives. There was a second flight to Teterboro on June 1st.
Drugmaker Allergan Plc (AGN) said it plans to sell two of its smaller businesses, the women’s health and infectious disease units. We looked at all the potential suitors in our CAI flight data over recent weeks to see if any executives have flown to Dublin for the purposes of a meeting with Allergan management.
Mylan (MYL) flew from their HQ in Canonsburg, PA to Dublin on May 25th, while pharma giant Pfizer (PFE) followed suit, flying 2 jets from White Plains, NY on the 28th.
Minneapolis based Polaris Industries has signed an agreement to purchase Boat Holdings LLC for US$805m.
Polaris’ management had taken 4 flights to meet with Boat Holding’s executives on May 17, May 8, April 26 and March 29 prior to the announcement of the deal.
Today Kroger announced that they would acquire Home Chef, a private meal kit company, for US$700m.
Kroger executives flew from Cincinnati to Chicago, on Feb 21, confirming that discussions were already underway when rumours of the deal came out on April 6th. Kroger flew multiple time again to Chicago following the rumour and the most recent flight was on May 22nd to finalize the transaction.
After tracking Nestle private jets flying into Seattle, WA to finalize their partnership with Starbucks (as detailed on May 7), we tracked Starbucks’ private jet leaving its HQ and flying to Shanghai on May 14th to kickoff its international strategy.
Our Corporate Aviation Data accurately tracks Starbucks’ movements, which consistently line up with significant corporate events.
Appaloosa Management president David Tepper has reached a deal to buy NFL’s Carolina Panthers, the team announced today.
CAI data shows two Appaloosa owned jets landing near the Panthers HQ in Charlotte, North Carolina. Both jets departed on May 9th from Appaloosa Management’s main areas of operation; Miami Beach and New Jersey.
Quandl’s Corporate Aviation Data covers 3,100 private companies, including those like Tepper’s Appaloosa, allowing you to track deals that others might miss.
On April 29th we spotted Nissan Motor Co. fly from Paris (HQ of its parent Renault) to Houston, TX. Notably, Nissan has flown to Nevada (1x), California (5x), New Jersey (3x), Washington (1x) and South Carolina (1x) within the past six months. This is in line with the Japanese firm’s plans to expand its manufacturing operations in the United States.
Swiss company, Nestle SA signed an agreement to sell Starbucks products globally. We tracked Nestle private jets flying from its US headquarters to Seattle, WA on May 6th to finalize the partnership.
Marathon Petroleum Corp. said it would acquire pipeline and refining company Andeavor for USD 23.3 billion, a deal that would create the largest US fuel maker. We found Marathon jets flying from its own headquarters in Ohio to Andeavor’s San Antonio, Texas headquarters on two separate occasions in the last three months. The flights were on February 12th and most recently March 25th.
Comcast announced on April 25, 2018 a USD 30.68 billion bid for UK broadcaster Sky plc. We tracked Comcast’s private jet flying from its headquarters in Philadelphia to Sky’s headquarters in London on March 20, 2018.
Textron Inc. announced on April 18, 2018 that it would sell its tools and test equipment business to Emerson Electric Co. for USD 810 million. CAI data shows that Emerson executives flew from Cleveland, Ohio to North Kingstown, Rhode Island (near Textron headquarters) on March 8.
Today we’re offering a glimpse of the insights our customers are leveraging right now through our Corporate Aviation Intelligence data product (CAI).
Bookmark this page as we will provide updates with definitive records of announced M&A activity that was detectable in advance through our data.
Tel Aviv-based Lumenis is courting acquirers. Data shows a potential acquirer flying direct to Tel Aviv this month.
UPDATE (05/09): Though Amazon reportedly made a bid for Flipkart, the Indian e-commerce company has accepted Walmart’s offer for USD 16 billion instead. We tracked Walmart flying to India in January.
Amazon is rumored to bid for Flipkart, but so are others. Data shows multiple prospects flying to India within an appropriate timeframe.
Cigna Corporation announced the purchase of Express Scripts for USD $67 billion on March 8, 2018. Executives flew from HQ to HQ (Hartford, CT to St. Louis, MO) in Q4 2017.
Keurig Green Mountain Inc. agreed in late January to take control of Dr Pepper Snapple Group Inc. in a deal valued at USD 18.7 billion.
Supporting corporate travel included the fully owned Keurig Cessna departing HQ in Bedford, Mass on 11/20/17 and flying to Dallas.
We have seen exactly zero flights by the Target jet to Kroger HQ in Cincinnati, Ohio, since the Shipt acquisition was announced on December 13, 2017. This is in contrast to quarters 3 and 4, 2017, when the Gulfstream made regular visits to the Buckeye state.
Does this put to rest the rumor of an acquisition between Target and Kroger? Our take: the visits were oriented around Target’s then-pending acquisition of Shipt, a long-time Kroger partner. Nothing more, nothing less.
Packaging company WestRock Co agreed to buy smaller rival KapStone Paper and Packaging Corp for about USD 3.5 billion in late January.
Our data indicates visits from WestRock HQ in Marieta, GA to Vernon Hills, IL one week before the acquisition was announced.
This feed offers investors structured data on the trips taken worldwide by executives from 4700 companies (1300 public, 3400 private).
With this data we deliver key insights on corporate actions, with an emphasis on M&A. All data is ticker-mapped and all tail numbers are resolved to company names. To learn more, contact us.