Mergers and Acquisitions Acquisitions

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  • LONDON, July 29- The board of brewer SABMiller will recommend shareholders approve the final takeover offer by Anheuser Busch InBev, the company said on Friday, capping a week of high drama about the fate of the consumer industry's biggest-ever merger. AB InBev raised its cash offer to most shareholders by a pound-per-share on Tuesday, after the recent fall in...

  • July 29- Power producer NextEra Energy Inc said it agreed to buy Energy Future Holdings Corp as well as the bankrupt Texas power company's stake in Oncor Electric Delivery Co in a deal with an enterprise value of about $18.4 billion. The deal will give NextEra access to Oncor, the operator of the largest network of power lines in Texas which it had tried to acquire...

  • OSLO, July 29- Norway's Statoil agreed on Friday to buy Petrobras' stake in an exploration licence off Brazil for $2.5 billion, a rare deal in an oil industry struggling with low prices. The purchase of the 66 percent stake from Brazil's state-led Petroleo Brasileiro SA will help Statoil secure future production as output from its mature fields declines.

  • *China approval conditional on joint venture stake sale. *Brazil beer volume down 4.5 pct after 10 pct drop in Q1. BRUSSELS/ BEIJING, July 29- Brewer Anheuser-Busch InBev cleared a major hurdle towards its takeover of SABMiller with regulatory approval from China on Friday, leaving the acquisition's future in the hands of the British company's board.

  • *Brazil beer volume down 4.5 pct after 10 pct drop in Q1. BRUSSELS, July 29- Anheuser-Busch InBev's chief executive urged SABMiller shareholders on Friday to recognise its improved takeover offer as a compelling last chance as it waits for its rival's view on the new $100- billion- plus bid. The maker of Budweiser, Stella Artois and Corona raised its bid for...

  • LONDON, July 28- AstraZeneca's chief executive believes a rival could spot the growing value of its drug pipeline but declined to say on Thursday if the group was likely to be a takeover target once more, two years after seeing off a bid from Pfizer. Citi analyst Andrew Baum suggested in a note this week that AstraZeneca's biotech expertise and advanced...

  • July 28- Duracell said it plans to close a battery-making plant in South Carolina that employs 430 people, making the announcement fewer than five months after being acquired by Warren Buffett's Berkshire Hathaway Inc.. Duracell said the move will lead to "some" job growth in LaGrange, which is about 330 miles southwest of Lancaster, and that Lancaster workers...

  • DUBAI, United Arab Emirates— Abu Dhabi's government-backed Mubadala Development Company has agreed to buy a 20- percent stake in Bahraini investment firm Investcorp. It also has stakes in Fairfield, Connecticut- based General Electric Co. and Washington- based private equity firm The Carlyle Group. Mubadala is in the process of being merged with the...

  • LONDON, July 28- Royal Dutch Shell missed quarterly profit expectations by more than $1 billion on Thursday after reporting a 72 percent plunge in earnings due to weak oil prices and high costs following its $54 billion takeover of BG Group. Shell's second-quarter current cost of supplies- its definition of net income- was $1 billion, much lower than the $2.1...

  • Now his company, Oracle, will spend $9.3 billion to acquire cloud upstart NetSuite. NetSuite is just the latest cloud acquisition by Oracle, and its biggest splurge in more than a decade. NetSuite, which was founded by a former Oracle executive, makes business software that runs in NetSuite's "cloud," or its own data centers, rather than on its customers' computers.

  • Oracle makes $109 per share bid for NetSuite

    Joel Fishbein, BTIG, discusses Oracle's expected $9.3 billion acquisition of NetSuite and whether there could be antitrust issues involved.

  • *Q2 profit falls 72 pct, misses estimates by $1.1 bln. LONDON, July 28- Royal Dutch Shell has disappointed investors with a 72 percent fall in quarterly profit that it blamed on weak oil prices and costs related to its $54 billion takeover of BG Group, showing how much strain it faces after the bumper deal. Shell missed analysts' estimates for second-quarter current...

  • LONDON, July 27- SABMiller has told employees to pause the integration of its operations with those of Anheuser-Busch InBev as the brewer's board weighs its sweetened takeover offer, two sources familiar with the matter said. Still, AB InBev's U.S.-listed shares fell 3 percent and shares of Molson Coors, which is set to take over SAB's U.S. operations, fell 5...

  • LONDON— SABMiller has suspended work on integrating its operations with those of Anheuser-Busch InBev while it reviews AB InBev's sweetened bid, raising concern about completion of the 79 billion pound takeover. The suspension, announced by SABMiller CEO Alan Clark in a memo to employees on Tuesday, came soon after AB InBev increased its cash offer to 45...

  • LONDON, July 27- SABMiller has asked employees to pause the process of integrating its operations with those of Anheuser-Busch InBev as the brewer's board weighs its sweetened takeover offer, according to two sources familiar with the matter. Still, AB InBev's U.S.-listed shares fell nearly 4 percent and shares of Molson Coors, which is set to take over SAB's...

  • LONDON, July 27- SABMiller has asked employees to pause the process of integrating its operations with those of Anheuser-Busch InBev as the brewer's board weighs its sweetened takeover offer, according to sources familiar with the matter. The pause in operations is not an indication of the board's thinking, said one of the sources, who declined to be identified...

  • *EFG first-half net profit down 54 pct to 22.3 mln Sfr. ZURICH, July 27- Swiss private bank EFG International is on track to complete its takeover of embattled wealth manager BSI in the fourth quarter, after reporting a smaller than expected drop in first-half profit, sending its shares up more than 20 percent. BSI's links to a scandal-hit Malaysian government fund...

  • *John Paul eyes sales of $170 mln in 2018 vs $60 mln in 2016. PARIS, July 27- AccorHotels said on Wednesday it had entered exclusive talks to buy concierge service provider John Paul, as it pushes further into new hospitality services and beefs up its response to the challenges of Airbnb. Under the terms of the deal, AccorHotels- the world's fifth-largest hotel group-...

  • PARIS, July 27- AccorHotels said on Wednesday it had entered exclusive talks to buy concierge service provider John Paul, further beefing up its response to the challenges of Airbnb. Under the terms of the deal, AccorHotels- the world's fifth-largest hotel group- will acquire 80 percent of John Paul for about $150 million in equity and debt, with the company's...

  • Bayer profits rise 5.7% in second quarter

    John Rountree, managing partner of Novasecta, discusses earnings at Bayer and the company's progress in acquiring Monsanto.