Mergers and Acquisitions Acquisitions

  • Aug 26- Diagnostic-testing company Alere Inc said on Friday it sued Abbott Laboratories in an attempt to force the company to move ahead with its $5.8 billion takeover of Alere. It said the complaint was filed Thursday in Delaware Chancery Court yesterday and should be made publicly available next week. Alere has received two U.S. Department of Justice...

  • Aug 26- Apollo Global Management LLC said on Friday it would buy cloud services provider Rackspace Hosting Inc in a deal valued at $4.3 billion, as the private-equity firm increases its investments in the technology sector.

  • BRUSSELS— The world's largest brewer, AB Inbev, expects to cut about 3 percent of its total workforce— equivalent to thousands of jobs— once it completes its huge takeover of its closest rival, SABMiller. The company headquartered in Leuven, Belgium, has about 150,000 workers while the London- based SABMiller claims to have around 70,000.. It expects losses at...

  • WASHINGTON, Aug 25- Tesla Motors Inc has won U.S. antitrust approval to buy solar panel installer SolarCity Corp, moving closer to its goal of creating a carbon-free energy and transportation company. The Federal Trade Commission said on Thursday that the deal was approved. Tesla shares closed down 0.7 percent at $220.96 and SolarCity shares ended 0.6 percent...

  • WASHINGTON, Aug 25- Tesla Motors Inc has won U.S. antitrust approval to buy solar panel installer SolarCity Corp, the Federal Trade Commission said on Thursday. The deal was on a listing of proposed transactions that won quick approval because the merging companies have few or no overlaps. The deal was announced on Aug. 1.

  • WASHINGTON, Aug 25- Tesla Motors Inc has won U.S. antitrust approval to buy solar panel installer SolarCity Corp, the Federal Trade Commission said on Thursday. The deal was on a listing of proposed transactions that won quick approval because the merging companies have few or no overlaps. The deal was announced on Aug. 1 and is part of an effort by Tesla to improve...

  • WASHINGTON, Aug 25- Tesla Motors Inc has won U.S. antitrust approval to buy solar panel installer SolarCity Corp, the Federal Trade Commission said on Thursday. The deal was on a listing of proposed transactions that have won "early termination." The deal was announced on Aug. 1 and is part of an effort by Tesla to improve economies of scale in electrical energy...

  • The $622- million purchase by the Qatar Investment Authority comes as the Doha fund increases its investments in the U.S. as the small country on the Arabian Peninsula tries to cope with low global oil and gas prices. The trust owns a total of 14 office properties and six retail properties around the New York area. Tiny Qatar, an OPEC member, is a strong regional ally...

  • One Kings Lane

    One Kings Lane fetched less than $30 million in its recent sale to Bed Bath & Beyond, Recode reports.

  • LONDON— A British court has ruled that two groups of shareholders in brewing company SABMiller should vote separately on the 79 billion pound takeover offer made by rival Anheuser-Busch InBev, effectively giving smaller investors an outside chance to derail the deal. While smaller shareholders will receive cash for their stakes, SABMiller's two biggest...

  • Pfizer acquires biotech firm Medivation for $14 Billion

    Alex Tarrant, assistant editor at Dealreporter Europe, Mergermarket Group, shares his views on the deal between Pfizer and Medivation.

  • NEW YORK, Aug 22- Keith Meister, who runs hedge fund Corvex Management LP, said on Monday that he planned to nominate candidates to replace pipeline company Williams Cos Inc's entire board. Corvex and another top shareholder, Soroban Capital Partners, previously held board seats and have agitated for change at the company for years. After the takeover collapsed...

  • LONDON, Aug 22 (Reuters)- European stocks rose on Monday after falling the week before, as Swiss chemical company Syngenta gained after U.S. regulators cleared a takeover bid for the company by ChemChina. Syngenta rose up 10.6 percent, the top STOXX Europe 600 riser, after the Committee on Foreign Investment in the U.S. cleared ChemChina's $43 billion bid, making it...

  • Aug 22- Advertising technology startup Media.net said on Monday it had been acquired for about $900 million in cash by a group of Chinese investors. Zhiyong said Miteno will now focus on expanding Media.net' s presence in China, following the company's successful run in the United States. The company is based in Dubai and New York and is led by technology...

  • Pfizer will pay about $14 billion to buy cancer drug developer Medivation in a cash deal aimed at fortifying its hold in one of the hottest and most lucrative areas of medicine. The New York drugmaker said Monday that the acquisition will stock its product portfolio with leading treatments for the most common cancers in men and women by adding Medivation's...

  • LONDON, Aug 22- European markets bounced back on Monday, recovering from a sharp fall over the previous week as Swiss chemical company Syngenta jumped after a bid for it by ChemChina was cleared by a U.S. watchdog. Syngenta was up 11.9 percent, the top STOXX Europe 600 riser after U.S. regulator CFIUS cleared ChemChina's $43 billion takeover, removing significant...

  • *Considering various options including US chip firm deal: Renesas. TOKYO, Aug 22- Japan's Renesas Electronics Corp is in the final stages of negotiations to acquire U.S. chipmaker Intersil Corp for as much as 300 billion yen, an industry source familiar with the deal said on Monday. Intersil could not be reached for comment outside business hours in the United...

  • BEIJING— China National Chemical Corp. said Monday a U.S. national security panel has cleared its proposed acquisition of Swiss agrochemicals giant Syngenta. Shares in Syngenta jumped over 11 percent to 423 Swiss francs on Monday's news of the security clearance. The Syngenta bid comes amid a spree of global acquisitions by Chinese companies that are...

  • Aug 21- ChemChina's $43 billion acquisition of Syngenta AG is in the final stages of being cleared by the Committee on Foreign Investment in the United States, which scrutinizes deals for national security implications, people familiar with the matter said. Syngenta shares ended trading on Friday at 380.80 Swiss Francs, some 100 Swiss Francs less than what...

  • Aug 21- ChemChina's $43 billion acquisition of Syngenta AG is in the final stages of being cleared by the Committee on Foreign Investment in the United States, which scrutinizes deals for national security implications, people familiar with the matter said. A positive end to the CFIUS review would remove significant uncertainty over whether the acquisition...