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Mergers and Acquisitions Acquisitions

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  • Sept 3- Medtronic Plc, the world's largest standalone medical device maker, reported a 70 percent rise in quarterly revenue, helped by higher sales across its business lines, in part due to the acquisition of surgical products provider Covidien Plc. An improving U.S. economy and the impact of the affordable care act has driven an increase in the number of surgical...

  • AOL to buy mobile ad company Millennial Media Thursday, 3 Sep 2015 | 9:54 AM ET

    NEW YORK— AOL, now owned by Verizon, plans to buy mobile advertising company Millennial Media in a deal worth about $248 million. Millennial Media, based in Baltimore, runs a marketplace where publishers and marketers can buy ads or sell ad space on mobile websites, videos and apps. AOL is paying $1.75 for each share of Millennial Media, a 31 percent premium from its...

  • NEW YORK— Westport Innovations, the Canadian maker of truck engines that run on natural gas, said Tuesday that it plans to expand into making alternative-fuel engines for cars and construction equipment by buying Fuel Systems Solutions. Shares of Westport Innovations Inc. fell 17 cents, or almost 5 percent, to $3.37 in afternoon trading Tuesday.

  • Sept 1- Discount retailer Dollar Tree Inc's quarterly sales rose less than analysts had expected as it focused on integrating Family Dollar stores amid intense competition from mass retailers such as Wal-Mart Stores Inc. Analysts had touted Dollar Tree's acquisition of Family Dollar as a game changer for the smaller discount retailer, as it propelled the...

  • Sept 1- Discount retailer Dollar Tree Inc's quarterly sales rose less than analysts expected due to intense competition from retailers such as Wal-Mart Stores Inc and as it focused on closing the acquisition of Family Dollar Stores Inc.. Dollar Tree's sales forecast for the current quarter also fell short of Wall Street's estimates, sending the company's...

  • HONG KONG/ LONDON, Sept 1- BG Group plc, which is being acquired by Royal Dutch Shell plc, has put up for sale its 22.2 percent stake in the huge Thai Bongkot offshore gas field valued at around $1.2 billion, people familiar with the matter said. BG has hired Morgan Stanley to run the sale process and wants to close the deal by the end of this year, one of the people said.

  • SHANGHAI, Sept 1- China's major brokerage, Guotai Junan Securities Co, said on Tuesday that it will increase its equity fund dedicated to supporting markets- answering Beijing's call for listed firms to bolster their backing for struggling stock markets. Guotai Junan's board agreed to use 20 pct of its net assets for a fund dedicated to buying shares to support...

  • Aug 31- Investment firm Pleasant Lake Partners LLC offered to buy analog chipmaker MagnaChip Semiconductor Corp in a deal valuing the South Korea- based company at about $346 million. The company engaged Barclays as its financial adviser for the process. MagnaChip's total revenue fell 5.8 percent to $162 million in the second quarter ended June 30, from a year...

  • Aug 31- Hedge fund Pleasant Lake Partners said it offered to buy analog chipmaker MagnaChip Semiconductor Corp in a deal valuing the South Korea- based company at $345.7 mln. Pleasant Lake's offer of $10 per share is at premium of 29.2 percent to MagnaChip's Friday closing price. Pleasant Lake already owns 9.9 percent of MagnaChip.

  • Bristol-Myers buys rights to fibrosis drug Monday, 31 Aug 2015 | 9:22 AM ET

    NEW YORK— Bristol-Myers Squibb Co. is paying up to $1.25 billion for the rights to a developing fibrosis drug in a deal that also gives it the right buy drug developer Promedior Inc.. The drug candidate has already been granted special FDA designations allowing for speedier development and a faster review process. Under the terms of the deal, Bristol-Myers...

  • DETROIT— Dan Gilbert's ownership presence in downtown Detroit has kept growing, with the addition of a vacant 38- story office tower and adjacent buildings to his stable of properties. Book Tower, the attached 13- floor Book Building and an adjacent two-story community center have been bought by Bedrock Real Estate Services. "This project is going to be one of...

  • MYL shareholders approve PRGO deal Friday, 28 Aug 2015 | 9:00 AM ET
    MYL shareholders approve PRGO deal

    Mylan shareholders back proposed Perrigo purchase.

  • WFC banking on GE deal Friday, 28 Aug 2015 | 9:00 AM ET
    WFC banking on GE deal

    Wells Fargo is the front-runner to buy GE's railcar financing unit. - Bloomberg

  • A new home for the 'Jolly Green Giant' Friday, 28 Aug 2015 | 6:00 AM ET
    A new home for the 'Jolly Green Giant'

    B&G Foods in late-stage talks to buy Green Giant from General Mills. - Reuters

  • WASHINGTON/ BEIJING, Aug 28- The chairman of China's Tsinghua Unigroup travelled to the United States this week to meet with board members of Micron Technology and try to revive a politically fraught takeover bid of the U.S. chipmaker, people familiar with the matter said. Senator Charles Schumer of New York called on the inter-agency Committee on Foreign...

  • Aug 27- Dollar General Corp, the No.2 U.S. discount retailer by store count, reported quarterly sales that fell slightly below analysts estimates and said it expects same-store sales growth for the year to be at the low-end of its forecast. Dollar General slipped from the No.1 spot after it lost a takeover battle for smaller rival Family Dollar Stores Inc to...

  • Abbott denies rumors on St. Jude deal Thursday, 27 Aug 2015 | 8:00 AM ET
    Abbott denies rumors on St. Jude deal

    Abbott denies FT speculation about a St. Jude's acquisition.

  • Monsanto abandons takeover bid for Swiss rival Syngenta Wednesday, 26 Aug 2015 | 11:16 AM ET

    WASHINGTON— Agricultural business giant Monsanto is abandoning its takeover bid for competitor Syngenta AG after the Swiss chemical producer rejected its latest offer of nearly $47 billion. A combination with Basel- based Syngenta would have made Monsanto the world's largest producer of farming chemicals, in addition to its market-leading seed business.

  • SLB acquisition to create oilfield juggernaut Wednesday, 26 Aug 2015 | 8:00 AM ET
    SLB acquisition to create oilfield juggernaut

    A Schlumberger-Cameron International deal may bring about an oil industry breakthrough.

  • 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...