Mergers and Acquisitions Acquisitions

  • Shares of Supervalu were up 8.7 percent at $4.95 in late morning trading in New York on Thursday, giving the company a market capitalization of $1.3 billion. Supervalu, based in Eden Prairie, Minnesota, announced its intention to spin off Save-A-Lot a year ago. The buyout firms that made offers for Save-A-Lot were hoping to take advantage of a so-called tax shield...

  • KIGALI, Sept 28- Rwanda's national airline said it expects the number of its passengers to rise to one million over the next five years, boosted by the launch of new routes after the acquisition of new Airbus planes. John Mirenge, the company chief executive officer, said at a ceremony to receive the plane at Kanombe International Airport in the capital Kigali that...

  • **Brewer's shares up 2 pct, touch record high of $111.22. **SABMiller shareholders overwhelmingly back brewer's $100 bln- plus takeover by Anheuser-Busch InBev, clearing the last big hurdle for merger. **Molson Coors also set to buy SABMiller's stake in the MillerCoors venture in U.S. for $12 bln, following SABMiller's acquisition.

  • *Deal adds Africa, Latin American markets to AB InBev. LONDON/ BRUSSELS, Sept 28- SABMiller shareholders overwhelmingly backed the brewer's $100 billion- plus takeover by Anheuser-Busch InBev on Wednesday, clearing the last big hurdle for one of the largest corporate mergers in history. For the maker of Budweiser, Corona and Stella Artois it provides entry into...

  • DETROIT, Sept 28- Detroit automotive supplier Piston Group said on Wednesday it has finalized the purchase of Takata Corp's vehicle interiors subsidiary, Irvin Automotive, which will raise Piston's annual revenue to $1.8 billion from $1.3 billion.

  • BERLIN— Germany's Lufthansa says it is taking over Brussels Airlines, exercising its option to acquire the remaining 55 percent stake in its parent company, SN Airholding. Lufthansa, which already owns 45 percent of the company, said Wednesday that the supervisory board was exercising a call option for the remaining stake. Lufthansa, Germany's largest airline,...

  • *Deal adds Africa, Latin American markets to AB InBev. LONDON, Sept 28- SABMiller shareholders backed the brewer's $100- billion- plus takeover by rival Anheuser-Busch InBev by a large majority on Wednesday, paving the way for one of the biggest corporate mergers in history. Criticism of the takeover offer grew over the summer, after a steep fall in sterling...

  • LONDON— A deal worth over $100 billion to combine the world's two biggest beer companies cleared its last major hurdle Wednesday when the shareholders of SABMiller approved the takeover by Budweiser maker Anheuser-Busch InBev. SABMiller shareholders approved the 79 billion pound deal— dubbed Megabrew— despite opposition from some investors who saw their...

  • BRUSSELS, Sept 28- Anheuser-Busch InBev said on Wednesday that it would retain its existing name after a planned $100- billion- plus takeover of rival SABMiller. AB InBev Chief Executive Carlos Brito, who will head the combined company, outlined the rationale for the deal- including the creation of the first global brewer with new fast-growing African and Latin...

  • LONDON, Sept 28- Sainsbury's, Britain's second biggest supermarket, on Wednesday reported another drop in quarterly underlying sales and cautioned that it did not expect a change to competitive market conditions any time soon. The firm, which earlier this month completed its 1.4 billion pounds takeover of Argos-owner Home Retail, said sales at stores open...

  • LONDON, Sept 28- Sainsbury's, Britain's second biggest supermarket, on Wednesday reported another drop in quarterly underlying sales and cautioned that it did not expect a change to competitive market conditions any time soon. The firm, which earlier this month completed its 1.4 billion pounds takeover of Argos-owner Home Retail, said sales at stores open...

  • A trader works on the floor of the New York Stock Exchange.

    Buying Twitter would be a challenge for a number of reasons. The struggling social network pays out so much stock to its employees, The New York Times reports.

  • Sept 26- TransCanada Corp said on Monday its unit, Columbia Pipeline Group, offered to buy Columbia Pipeline Partners LP for about $848 million in cash. The $15.75 per common unit offer represents a premium of 11.3 percent to Columbia Pipeline Partners' 30- day average closing price as of Sept. 23, TransCanada said. TransCanada, Canada's second-largest pipeline...

  • CBOE buys BATS for $3.2B

    CBOE is buying BATS for $32.50 per share, reports CNBC's Andrew Ross Sorkin

  • NEW YORK— Chemtura's stock is up more than 17 percent in premarket trading after the specialty chemicals company agreed to a $2.5 billion acquisition offer from Germany's Lanxess. Chemtura shareholders will receive $33.50 per share in cash for each share they own. Lanxess Chairman and CEO Matthias Zachert said that the acquisition diversifies its business...

  • ATLANTIC CITY, N.J.— Cash-strapped Atlantic City thinks it has found a way to pay off debt while fighting off a threatened state takeover. Mayor Don Guardian said Monday the city's Municipal Utilities Authority will buy the city-owned former Bader Field airport property for about $100 million. Atlantic City is nearing default on a $73 million emergency state...

  • Jack Dorsey, CEO of Twitter

    Two sources said Twitter was looking for at least $30 billion to sell, Recode reports.

  • BISMARCK, N.D.— The company developing the four-state Dakota Access oil pipeline has purchased a portion of a historic North Dakota ranch where a violent protest occurred earlier this month due to what tribal officials said was construction crews destroying burial and cultural sites. Morton County records show Dallas- based Energy Transfer Partners...

  • Palm trees stand in front of the Marina Del Rey Marriott hotel in Marina Del Rey, California, U.S., on Monday, March 21, 2016.

    In total, 30 brands will fall under the Marriott umbrella to create the world's largest hotel chain with more than 1.1 million rooms.

  • Marriott International closed Friday morning on its $13 billion acquisition of Starwood Hotels& Resorts Worldwide, bringing together its Marriott, Courtyard and Ritz Carlton brands with Starwood's Sheraton, Westin, W and St. Marriott now eclipses Hilton Worldwide's 773,000 rooms and the 766,000 that are part of the Intercontinental Hotels Group family,...