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Mergers and Acquisitions Acquisitions

  • Feb 24- Canada's MacDonald Dettwiler and Associates Ltd said it would buy U.S.-based satellite imagery provider DigitalGlobe Inc for about C $3.10 billion, the biggest deal yet in a fast-consolidating earth-imaging satellite market. DigitalGlobe's satellites supply high-resolution images to its customers such as the U.S. Department of Defense and...

  • Feb 24- Canada's MacDonald Dettwiler and Associates Ltd, a provider of satellite data used for surveillance and communications, said it would buy U.S.-based DigitalGlobe Inc for about C $3.10 billion to strengthen its position in the satellite imagery market. DigitalGlobe's satellites help provide high-resolution images to its customers such as the U.S....

  • LONDON, Feb 24- The head of French carmaker PSA played down the threat to British factories when he discussed the potential takeover of GM's European operations with union officials and politicians in London on Friday. The British visit was the latest part of a charm offensive by Carlos Tavares, chief executive of Peugeot-maker PSA, after news broke last week...

  • Feb 24- Canada's MacDonald Dettwiler and Associates Ltd, a provider of satellite data used for surveillance and communications, said it would buy U.S.-based DigitalGlobe Inc for about C $3.10 billion to strengthen its position in the satellite imagery market. DigitalGlobe's satellites help provide high-resolution images to its customers such as the U.S....

  • Feb 24- MacDonald Dettwiler and Associates Ltd said on Friday it had agreed to buy U.S.-based DigitalGlobe Inc for about C $3.10 billion to strengthen its position in the lucrative satellite imagery market. DigitalGlobe in 2014 used crowdsourcing to search for a missing Malaysia Airlines jetliner, inviting internet users to comb through satellite images...

  • HONG KONG— A Chinese wire and cable maker is buying independent studio Millennium Films, which produced "Rambo" and "The Expendables." Recon Holding said Thursday it is taking a 51 percent stake in Millennium for $100 million. The company, based in Yixing near Shanghai, is controlled by Tony Xia.

  • FRANKFURT, Feb 23- Buyout firm Advent International raised the stakes in a battle for German generic drugs maker Stada Arzneimittel on Thursday with a 3.6 billion euro takeover offer, giving management until Monday to respond. Advent said it offered 58 euros per share, limited until Monday, and made its takeover conditional on receiving an endorsement from...

  • Feb 23- Bonduelle on Thursday said it struck a deal to buy Ready Pac Foods, a privately held California producer of fresh, prepared salads and other produce, in a move expected to significantly expand the French company's U.S. presence. Bonduelle, established in 1853, owns four brands of canned, frozen and fresh vegetables and has operations in Canada and across...

  • PARIS, Feb 23- France's Safran has rejected criticism by a UK hedge fund over the strategy, structure and financial terms of a proposed $9 billion friendly bid for Zodiac Aerospace and says it stands by its plans to acquire the seats manufacturer. Stepping up a war of words over its agreed offer to create the world's third largest aerospace supplier, the French...

  • PARIS, Feb 23- France's Safran rejected criticism by a UK hedge fund concerning the strategy, structure and financial terms of a proposed $9 billion friendly bid for Zodiac Aerospace and said it stood by its plans to acquire the seats manufacturer. Stepping up a war of words over its agreed offer to create the world's third largest aerospace supplier, the French...

  • *Advent makes binding 58 euros/ share offer. FRANKFURT, Feb 23- Buyout firm Advent International raised the stakes in the three-way bidding tussle for German drug company Stada Arzneimittel on Thursday with a 3.6 billion euro takeover offer, giving management until Monday to respond. Previous expressions of interest, which have been non-binding, were 56 euros...

  • SYDNEY, Feb 23- The first attempt at an acquisition by Australia's South32 following its spinoff from BHP Billiton has raised competition concerns over control of the local coking coal market. Australia's chief competition regulator on Thursday said it was concerned South32's proposed $200 million acquisition of Peabody Energy's Metropolitan colliery...

  • SYDNEY, Feb 23- The first attempt at an acquisition by Australia's South32 following its spinoff from BHP Billiton has raised competition concerns with regulators over control of the domestic coking coal market. Australia's chief competition regulator on Thursday said it was concerned South32's proposed $200 million acquisition of Peabody Energy's...

  • PARIS— France's finance minister says a possible PSA Group takeover of General Motors' German subsidiary Opel could help both companies if it doesn't lead to job cuts. Germany's economy minister, Brigitte Zypries, is heading Thursday to Paris to discuss the possible deal. Opel employs 19,000 people in Germany, where politicians are concerned about job losses...

  • LONDON/ FRANKFURT, Feb 22- French carmaker PSA Group aims to generate annual cost savings of between 1.5 billion and 2 billion euros from its proposed acquisition of Opel from General Motors, two sources told Reuters on Wednesday. The disclosure sparked concern for the future of GM's Opel and Vauxhall plants in Germany and Britain, home to most of the group's...

  • *Follows rejection of $143 bln Kraft takeover bid. LONDON, Feb 22- Unilever sought to show shareholders it can go it alone on Wednesday after rejecting Kraft Heinz's $143 billion bid, with the promise of a swift, far-reaching review. Kraft, backed by Warren Buffett and private equity firm 3 G, had wanted to buy Unilever, which is being advised by Centerview following...

  • NEW YORK— Unilever is reviewing options after rival Kraft Heinz withdrew a $143 billion takeover offer. Unilever and Kraft Heinz said in a joint press release on Sunday that Kraft Heinz had "amicably" abandoned its offer. The deal that was withdrawn would have combined Kraft Heinz products such as Oscar Mayer, Jell-O and Velveeta with Unilever's stable of brands,...

  • LONDON, Feb 22- Anglo-Dutch consumer goods group Unilever said it was reviewing its options to drive shareholder value, just days after it swiftly rejected a surprise $143 billion takeover bid from Kraft Heinz. Kraft, which is backed by Warren Buffett and the private equity firm 3 G, had wanted to buy Unilever as part of its strategy of buying competitors and...

  • LONDON, Feb 22- Britain's business minister said on Wednesday he will set out proposals over the government's stance towards the possible foreign takeover of British firms, particularly in critically important areas such as nuclear power, in the coming weeks. Anglo-Dutch firm Unilever rejected a $143 billion bid from U.S. rival Kraft Heinz last week and Prime...

  • SAO PAULO, Feb 22- Ternium SA has agreed to buy Thyssenkrupp AG's CSA steel plant for 1.26 billion euros, ending five years of attempts by the German industrial firm to offload the loss-making Brazilian mill. Including debt, the deal announced by the two companies late on Tuesday gives CSA, the largest foreign investment project ever in Brazil, an enterprise value...