2016 The Biggest American Companies Now Owned by the Chinese
Stephen Gandel
March 18, 2016
On Friday, Starwood Hotels agreed to be acquired by Anbang, a Chinese insurance company that is rapidly buying up U.S. hotels, for over $13 billion. Marriott, which had previously made a deal to buy Starwood, is reportedly considering a counter bid. But it’s unlikely that Marriott will be able win a bidding war with the Chinese insurer, which was originally bankrolled by state-owned enterprises and has a war chest of cash filled up by Chinese investors eager for returns.
If it goes through, the Starwood deal would be the largest acquisition ever of a U.S. company by a Chinese firm. Recently, Chinese firms have been on a buying spree. This year, Chinese firms have spent $103 billion on acquisitions of foreign firms, not just in the U.S. That’s nearly as much in two and a half months as the $107 billion that Chinese firms spent on foreign purchases in all of last year, which itself was a record.
Here are the biggest U.S. firms to be swallowed, or are soon to be swallowed, by a Chinese company, according to
1) Starwood Hotels
Deal size: $14.3 billion
Acquirer: Anbang Insurance
Date (announced): March 14, 2016
2) Smithfield Foods
Deal size: $7.1 billion
Acquirer: Shuanghui International
Date: May 29, 2013
3) Ingram Micro
Deal size: $6.3 billion
Acquirer: Tianjin Tianhai Investement Development Co.
Date (announced): February 17, 2016
4) General Electric Appliance Business
Deal size: $5.4 billion
Acquirer: Qingdao Haier Co.
Date (announced): January 15, 2016
Stephen Gandel
March 18, 2016
On Friday, Starwood Hotels agreed to be acquired by Anbang, a Chinese insurance company that is rapidly buying up U.S. hotels, for over $13 billion. Marriott, which had previously made a deal to buy Starwood, is reportedly considering a counter bid. But it’s unlikely that Marriott will be able win a bidding war with the Chinese insurer, which was originally bankrolled by state-owned enterprises and has a war chest of cash filled up by Chinese investors eager for returns.
If it goes through, the Starwood deal would be the largest acquisition ever of a U.S. company by a Chinese firm. Recently, Chinese firms have been on a buying spree. This year, Chinese firms have spent $103 billion on acquisitions of foreign firms, not just in the U.S. That’s nearly as much in two and a half months as the $107 billion that Chinese firms spent on foreign purchases in all of last year, which itself was a record.
Here are the biggest U.S. firms to be swallowed, or are soon to be swallowed, by a Chinese company, according to Dealogic.
- ADVERTISEMENT -
1) Starwood Hotels
Deal size: $14.3 billion
Acquirer: Anbang Insurance
Date (announced): March 14, 2016
It is the latest hotel acquisition by the Chinese insurer, which last year bought the company that owns New York’s Waldorf-Astoria. Also this week, Anbang announced its was buying a number of hotels owned by Blackstone. Starwood would add 1,300 hotels around the world to Anbang’s portfolio.
2) Smithfield Foods
Deal size: $7.1 billion
Acquirer: Shuanghui International
Date: May 29, 2013
At the time of the deal, Minxin Pei, a professor of government at Claremont McKenna College, wrote, “Some people saw the move by Shuanghui, a private firm based in Henan, as a masterstroke to expand its ability to supply a fast-growing market with premium-brand pork at higher prices. Some view the purchase as a means to acquire valuable hog-farming and processing technology. Others worry that Shuanghui might use Smithfield as a channel to sell its products in the U.S.”
3) Ingram Micro
Deal size: $6.3 billion
Acquirer: Tianjin Tianhai Investement Development Co.
Date (announced): February 17, 2016
No. 62 on the Fortune 500, Ingram Micro agreed earlier this year to be bought by a Chinese firm that specializes in aviation and logistics.
4) General Electric Appliance Business
Deal size: $5.4 billion
Acquirer: Qingdao Haier Co.
Date (announced): January 15, 2016
(*China tried to by Whirlpool but the company said, NO!)
5) Terex Corp.
Deal size: $5.4 billion
Acquirer: Zoomlion Heavy Industry Science
Date (announced): January 26, 2016
6) Legendary Entertainment Group
Deal size: $3.5 billion
Acquirer: Dalian Wanda
Date (announced): January 12, 2016
It is the largest China-Hollywood deal to date.
"Hello Moto!"
7) Motorola Mobility
Deal size: $3.1 billion
Acquirer: Lenovo
Date: January 12, 2014
Love to go to the movies?
8) AMC Entertainment Holdings
Deal size: $2.6 billion
Acquirer: Dalian Wanda
Date: May 20, 2012
What's really scary? China owns the Chicago Stock Exchange!
That's just starting with 2016. China made the largest company buy in history when it bought Walmart/Sams Club and their domestic holdings for over half a trillion dollars!
2020 U.S Businesses now owned by China
Stephen Gandel
March 18, 2016
On Friday, Starwood Hotels agreed to be acquired by Anbang, a Chinese insurance company that is rapidly buying up U.S. hotels, for over $13 billion. Marriott, which had previously made a deal to buy Starwood, is reportedly considering a counter bid. But it’s unlikely that Marriott will be able win a bidding war with the Chinese insurer, which was originally bankrolled by state-owned enterprises and has a war chest of cash filled up by Chinese investors eager for returns.
If it goes through, the Starwood deal would be the largest acquisition ever of a U.S. company by a Chinese firm. Recently, Chinese firms have been on a buying spree. This year, Chinese firms have spent $103 billion on acquisitions of foreign firms, not just in the U.S. That’s nearly as much in two and a half months as the $107 billion that Chinese firms spent on foreign purchases in all of last year, which itself was a record.
Here are the biggest U.S. firms to be swallowed, or are soon to be swallowed, by a Chinese company, according to
1) Starwood Hotels
Deal size: $14.3 billion
Acquirer: Anbang Insurance
Date (announced): March 14, 2016
2) Smithfield Foods
Deal size: $7.1 billion
Acquirer: Shuanghui International
Date: May 29, 2013
3) Ingram Micro
Deal size: $6.3 billion
Acquirer: Tianjin Tianhai Investement Development Co.
Date (announced): February 17, 2016
4) General Electric Appliance Business
Deal size: $5.4 billion
Acquirer: Qingdao Haier Co.
Date (announced): January 15, 2016
Stephen Gandel
March 18, 2016
On Friday, Starwood Hotels agreed to be acquired by Anbang, a Chinese insurance company that is rapidly buying up U.S. hotels, for over $13 billion. Marriott, which had previously made a deal to buy Starwood, is reportedly considering a counter bid. But it’s unlikely that Marriott will be able win a bidding war with the Chinese insurer, which was originally bankrolled by state-owned enterprises and has a war chest of cash filled up by Chinese investors eager for returns.
If it goes through, the Starwood deal would be the largest acquisition ever of a U.S. company by a Chinese firm. Recently, Chinese firms have been on a buying spree. This year, Chinese firms have spent $103 billion on acquisitions of foreign firms, not just in the U.S. That’s nearly as much in two and a half months as the $107 billion that Chinese firms spent on foreign purchases in all of last year, which itself was a record.
Here are the biggest U.S. firms to be swallowed, or are soon to be swallowed, by a Chinese company, according to Dealogic.
- ADVERTISEMENT -
1) Starwood Hotels
Deal size: $14.3 billion
Acquirer: Anbang Insurance
Date (announced): March 14, 2016
It is the latest hotel acquisition by the Chinese insurer, which last year bought the company that owns New York’s Waldorf-Astoria. Also this week, Anbang announced its was buying a number of hotels owned by Blackstone. Starwood would add 1,300 hotels around the world to Anbang’s portfolio.
2) Smithfield Foods
Deal size: $7.1 billion
Acquirer: Shuanghui International
Date: May 29, 2013
At the time of the deal, Minxin Pei, a professor of government at Claremont McKenna College, wrote, “Some people saw the move by Shuanghui, a private firm based in Henan, as a masterstroke to expand its ability to supply a fast-growing market with premium-brand pork at higher prices. Some view the purchase as a means to acquire valuable hog-farming and processing technology. Others worry that Shuanghui might use Smithfield as a channel to sell its products in the U.S.”
3) Ingram Micro
Deal size: $6.3 billion
Acquirer: Tianjin Tianhai Investement Development Co.
Date (announced): February 17, 2016
No. 62 on the Fortune 500, Ingram Micro agreed earlier this year to be bought by a Chinese firm that specializes in aviation and logistics.
4) General Electric Appliance Business
Deal size: $5.4 billion
Acquirer: Qingdao Haier Co.
Date (announced): January 15, 2016
(*China tried to by Whirlpool but the company said, NO!)
5) Terex Corp.
Deal size: $5.4 billion
Acquirer: Zoomlion Heavy Industry Science
Date (announced): January 26, 2016
6) Legendary Entertainment Group
Deal size: $3.5 billion
Acquirer: Dalian Wanda
Date (announced): January 12, 2016
It is the largest China-Hollywood deal to date.
"Hello Moto!"
7) Motorola Mobility
Deal size: $3.1 billion
Acquirer: Lenovo
Date: January 12, 2014
Love to go to the movies?
8) AMC Entertainment Holdings
Deal size: $2.6 billion
Acquirer: Dalian Wanda
Date: May 20, 2012
What's really scary? China owns the Chicago Stock Exchange!
That's just starting with 2016. China made the largest company buy in history when it bought Walmart/Sams Club and their domestic holdings for over half a trillion dollars!
2020 U.S Businesses now owned by China
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