Earlier this week, members of the Universal Postal Union (UPU) approved a proposal, known as “Option V,” enabling certain member countries to self-declare rates for the delivery of inbound international bulky letters and packets beginning July 1, 2020. The decision was significant as the U.S. will now remain a member of the UPU after threatening to pull out a year ago.
Read MoreM&A moved to the fore this week with a couple of high value transactions and several smaller tuck-in deals. Ahead of its Investor Day this week, simulation software provider ANSYS (ANSS) agreed to acquire Livermore Software Technology Corporation (“LSTC”) for $775 million in cash and stock, representing an EV/Sales multiple of 12.4x based on the midpoint of expected contribution in 2020.
Read MoreFollowing a 13D/A filing by controlling shareholder Dell Technologies (DELL) disclosing merger discussions, Pivotal Software (PVTL) confirmed that the company is negotiating an agreement to be acquired by VMware (VMW) for $15.00 per share in cash, representing a premium of nearly 81% to the close price prior to the disclosure.
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