Mergers and Acquisitions Acquisitions

More

  • *Gou to hold news conference in Osaka at 0600 GMT. TAIPEI/ TOKYO, Feb 5- Foxconn Chief Executive Officer Terry Gou is in Osaka to meet executives of Japan's Sharp Corp, a Sharp spokesman said, one day after the struggling electronics maker said it was focusing on the Taiwan firm's takeover bid over a rival offer from a Japanese state-backed fund.

  • Feb 4- State Street Corp is nearing a deal to acquire General Electric Co's $115 billion asset management business, according to people familiar with the matter, as the U.S. industrial conglomerate continues to shed unloved assets. State Street, a Boston- based asset manager, has prevailed over other bidders, including Goldman Sachs Group Inc, for the business, and...

  • MADRID, Feb 4- Mexican billionaire Carlos Slim is set to launch a full takeover bid for Spanish building and infrastructures firm FCC after a planned rights issue due to be approved soon, a source familiar with the matter said. Slim's holding company Inversora Carso group, is currently FCC's main shareholder with a 27.43 percent stake, closely followed by Esther...

  • *China needs top notch waste management technology. FRANKFURT, Feb 4- Beijing Enterprise is buying German waste management company Energy from Waste for 1.4 billion euros as China sets about tackling its pollution and waste recycling problems. China set a target to spend about $16 billion between 2013 and 2016 to improve sewage disposal and garbage treatment...

  • TOKYO, Feb 4- Sharp Corp has chosen Taiwan's Foxconn as its preferred bidder in takeover talks, sources with knowledge of the decision said- paving the way for the biggest acquisition by a foreign company in Japan's insulated tech sector. That was more than double the amount proposed by a state-backed fund, the Innovation Network Corp of Japan.

  • TOKYO, Feb 4- Sharp Corp's CEO Kozo Takahashi said the company was focusing on talks with Taiwan's Hon Hai Precision Industry and that the two companies had built up trust in the three years of jointly operating a plant in Japan. Sharp earlier decided to give Hon Hai, also known as Foxconn, preferred negotiating rights in takeover talks, choosing its more generous...

  • *Hon Hai offered to invest around 700 bln yen- source. TOKYO, Feb 4- Struggling electronics maker Sharp Corp has decided to give Taiwan's Foxconn preferred negotiating rights in takeover talks, choosing its more generous offer over a rescue plan from a Japanese state-backed fund, sources with knowledge of the decision said. A Sharp executive plans to go to Taiwan...

  • LONDON— British-based drugmaker GlaxoSmithKline posted a loss of 428 million pounds for the fourth quarter of 2015— compared with a profit of over 1 billion pounds for the same period a year earlier— as the company moved to integrate new businesses. Those deals included GSK's sale of its cancer-drug business to Novartis in a swap for the Swiss company's...

  • NEW YORK— Lowe's is expanding its footprint in Canada with a $2.3 billion acquisition of the home improvement retailer Rona. Chairman and CEO Robert Niblock said in a written statement Wednesday that the acquisition gives Lowe's exposure in Quebec, a province of more than 8 million people, where Lowe's currently has no presence. Lowe's has had limited...

  • *Aimed at helping to boost security of China food supply. BASEL, Switzerland, Feb 3- China made its boldest overseas takeover move yet when state-owned ChemChina agreed a $43 billion bid for Swiss seeds and pesticides group Syngenta on Wednesday. China is looking for ways to secure security of food supply for its population and the Syngenta deal will give it...

  • *China targeting deals that can upgrade its economy. The landmark acquisition comes at a time when M&A deals are already at a record high and as China battles to reverse currency outflows that undermine its yuan currency and eat into foreign exchange reserves. Syngenta is a prime example as the acquisition will give China instant global leadership in the...

  • Pfizer earnings fall but tops Street 4Q forecasts Tuesday, 2 Feb 2016 | 6:55 AM ET

    Pfizer Inc.' s fourth-quarter profit fell by half due to higher costs for production, administration and restructuring, but new revenue from an acquisition helped the world's second-biggest drugmaker beat Wall Street expectations. For the first time in five years, Pfizer posted higher revenue, excluding the impact of unfavorable exchange rates, as its 2015...

  • Iran signs deal to buy 20 more airplanes Tuesday, 2 Feb 2016 | 4:36 AM ET

    TEHRAN, Iran— Iran's national carrier has signed an agreement to buy 20 new passenger airplanes with an option for 20 more from French-Italian aircraft manufacturer ATR, Iranian media reported Tuesday. The purchase comes a week after Iran Air signed a deal to buy 118 planes from the European consortium Airbus, signaling a major effort to develop the civilian...

  • Axiall said on Friday that it had rejected Westlake's $1.4 billion takeover offer, saying it undervalued the company- an argument that Brigade Capital agreed with. Brigade Capital said in a letter to Axiall's board that it opposed the use of a "poison pill" with respect to Westlake's offer of $20 per share. Axiall shares were down 2.6 percent at $17.46 in afternoon...

  • MILAN, Feb 1- Italy's Lavazza will seal the purchase of French coffee brand Carte Noire in the next few weeks in a deal worth about 750 million euros, two sources close to the matter told Reuters. The acquisition will make Lavazza the market leader for coffee in France, a country which is the second largest coffee market in Europe and the fourth biggest in the world.

  • Abbott to buy medical test provider Alere Monday, 1 Feb 2016 | 8:50 AM ET

    NEW YORK— Abbott Laboratories will buy Alere for $4.8 billion as it tries to expand its medical-testing business. The deal is worth $5.8 billion when restricted stock, stock options and preferred shares are included, the company said Monday. Alere Inc., based in Waltham, Massachusetts, makes tests used to diagnosis the flu, HIV, malaria and several other diseases...

  • NEW YORK— Dominion Resources will spend approximately $4.4 billion to acquire Questar in a big reach to the West for the East Coast energy company. Questar is in the Rockies and a principal source of gas supply to Western states. Questar shareholders will receive $25 per share, a 23 percent premium to its Friday closing price of $20.39.

  • *Nokia, Alcatel fall after Samsung settlement. LONDON, Feb 1- European shares fell on Monday, pulled lower by telecom equipment stocks amid investor disappointment over the terms of a deal between Nokia and Samsung to settle a legal dispute. Shares in Nokia and Alcatel-- which Nokia is in the process of acquiring-- slumped around 10 percent after traders expressed...

  • LONDON, Jan 29- BT Group completes the acquisition of the country's biggest mobile network operator EE on Friday, opening the way to creating a single integrated network offering a combination of telecoms and TV services that competitors are scrabbling to match. Regulators waved through the deal, reasoning the little overlap between BT's fixed lines and EE's...

  • Jan 28- Oilfield services provider Baker Hughes Inc, which is being acquired by larger rival Halliburton Inc, said it expected global rig count to decline by as much as 30 percent in 2016, as the slump in oil prices shows no signs of abating. Net loss attributable to Baker Hughes was $1.03 billion, or $2.35 per share, in the three months ended Dec. 31, compared with a...