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Mergers and Acquisitions Acquisitions

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  • ATHENS, Aug 26- Azerbaijan's state-owned oil company SOCAR had confirmed its interest in acquiring a stake in Greek gas grid operator DESFA, with a deal possible by the end of the year, Greece's privatisation agency said on Wednesday. Greece's privatisation agency HRADF and Hellenic Petroleum met SOCAR officials on Wednesday and all the parties reiterated...

  • Greece sees gas grid deal with Azeri SOCAR progressing Wednesday, 26 Aug 2015 | 6:53 AM ET

    ATHENS, Aug 26- Greece's privatization agency said on Wednesday that Azerbaijan's state-owned oil company SOCAR had confirmed its interest in acquiring a stake in Greek gas grid operator DESFA, with a deal possible by the end of the year. "All the parties involved reiterate their commitment to complete the deal as soon as possible," HRADF, the Greek privatization...

  • JNJ sheds Splenda in sweet deal Wednesday, 26 Aug 2015 | 6:00 AM ET
    JNJ sheds Splenda in sweet deal

    Heartland Food Products Group gets a little sweeter after buying Splenda from Johnson and Johnson.

  • Industry executives and defense officials said they expected the Army to announce an initial contract valued at up to $9 billion late on Tuesday for 17,000 of 55,000 vehicles to be built for the Army and Marine Corps in coming years,. The Pentagon's Defense Acquisition Board, led by chief arms buyer Frank Kendall, met on Tuesday to review the acquisition...

  • MILAN, Aug 25- Mitsubishi Electric has agreed to buy Italian air conditioning company DeLclima for 664 million euros in cash, the latest Asian acquisition in the European country. The Japanese group will buy 74.97 percent of DeLclima from its top investor De Longhi at 4.44 euros per share and then launch a mandatory public tender offer, according to a joint...

  • NEW YORK, Aug 21- When Hormel Foods Corp, maker of Spam canned meat, said it was buying Applegate Farms in May, fans of the organic and natural meat company lamented its takeover by Big Food on social media and questioned whether product quality would go down. Big food and beverage makers such as Campbell Soup Co, General Mills Inc and Coca-Cola Co, facing sluggish U.S....

  • Remark Media announced Thursday it was buying the website that boasts 3.4 million monthly visitors from family-owned Greenspun Corp., based in Henderson, in a deal expected to close in mid-September. A Remark financial filing said the deal includes $15.5 million in cash and $9.5 million in Remark stock, $10 million in future stock options and up to $3 million...

  • Valeant buys Sprout in $1 billion cash deal Thursday, 20 Aug 2015 | 7:32 AM ET
    Valeant buys Sprout in $1 billion cash deal

    Michael Pearson, Valeant Pharma chairman & CEO, and Cindy Whitehead, Sprout Pharma CEO, discuss Valeant's acquisition of Sprout and its new female libido drug Addyi. With CNBC's Meg Tirrell.

  • WINSTON-SALEM, N.C.— The commercial bank BB&T will renew its push into mid- Atlantic states with a roughly $1.8 billion acquisition of National Penn, which runs branches in Pennsylvania, New Jersey and Maryland. Winston-Salem, North Carolina- based BB&T announced the acquisition late Monday, a couple of weeks after it closed its purchase of Susquehanna...

  • Separately, FIH Mobile, a unit of Taiwan's Foxconn, the trading name of Hon Hai Precision Industry Co, said it was acquiring a 4.27 percent stake in Snapdeal for $200 million via its Singapore- based subsidiary Wonderful Stars Pte.. Sources told Reuters this month that Snapdeal was set to raise $500 million from China's Alibaba Group Holding, Japan's SoftBank...

  • Treasuries climbed in June to their highest level in 16 months, data from the U.S. Treasury Department showed on Monday, as worries about Greece and Chinese equities prompted a flight to safe havens. Treasuries totaled $69.8 billion in June, the largest since February 2014, when inflows hit $90.5 billion. As Greece struggled, China was in its own tailspin, courtesy...

  • Europe shares knocked by disappointing U.S. data Monday, 17 Aug 2015 | 10:29 AM ET

    *Alstom surges on signs that GE deal to get approval. Benchmark indexes in Paris and Milan held up relatively well, however, with shares of French industrial group Alstom outperforming on bets its takeover will be approved. Alstom shares rose 7 percent after two people familiar with the matter told Reuters that General Electric was expected to get EU approval...

  • The prosecutor in Stuttgart said on Monday that former Porsche communications chief Anton Hunger had been charged with helping former chief executive Wendelin Wiedeking and ex-finance chief Holger Haerter to prepare and publish alleged false statements they made between March and October 2008 during Porsche's botched attempted takeover of...

  • Zulily gets a new owner Monday, 17 Aug 2015 | 10:00 AM ET
    Zulily gets a new owner

    Liberty Interactive buying Zulily for $2.5 billion in cash and stock.

  • Deal-making hopes, earnings lift Europe shares Monday, 17 Aug 2015 | 6:39 AM ET

    *Alstom surges on signs that GE deal to get approval. LONDON, Aug 17- European stocks rose on Monday, rebounding from losses last week caused by worries over currency devaluation in China, with French industrial group Alstom outperforming on bets its takeover will be approved. Alstom shares rose 6.9 percent after two people familiar with the matter told Reuters...

  • TORONTO, Aug 14- Canadian telecom and media company BCE Inc said on Friday it has sold its 15 percent stake in the Globe and Mail to the Woodbridge Company, giving the investment vehicle of Canada's Thomson family full control of the country's biggest national newspaper. That deal brought into the Postmedia fold some 175 newspapers and publications including...

  • Aug 14- Woodbridge Company Ltd, the investment vehicle of Canada's Thomson family, gained full control of Canadian media company Globe and Mail Inc by acquiring the 15 percent stake owned by telecommunications company BCE Inc. BCE did not mention the financial details of the deal. Woodbridge also owns a majority stake in Thomson Reuters Corp..

  • GE continues its asset sale Friday, 14 Aug 2015 | 8:00 AM ET
    GE continues its asset sale

    Goldman Sachs is buying $16 billion in assets from General Electric.

  • Taiwan stocks inch higher; Ta Chong Bank, HTC rally Thursday, 13 Aug 2015 | 9:53 PM ET

    TAIPEI, Aug 14- Taiwan stocks edged up on Friday, led by strength in financial shares on positive sentiment after Yuanta Financial said it would acquire Ta Chong Bank in a deal valued at about $1.8 billion. Ta Chong, partially owned by Carlyle Group, surged by the daily 10 percent limit to multi-year highs, lifting the financial subindex by 1.4 percent.

  • NBCUniversal's digital media push Thursday, 13 Aug 2015 | 6:00 AM ET
    NBCUniversal's digital media push

    NBCUniversal takes a $200 million stake in Vox Media.