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Mergers and Acquisitions Acquisitions

  • AMSTERDAM, April 12- Rebel shareholders in Dutch paint maker Akzo Nobel want to oust the company chairman after Akzo refused to engage in takeover talks with U.S. rival PPG Industries. Elliott Investors, one of Akzo's largest shareholders, said in a statement it was one of a group of investors that meets the Dutch legal threshold of 10 percent support needed to...

  • NEW YORK/ PARIS, April 11- Altice USA, the cable operator that Netherlands- based Altice NV put together by acquiring Cablevision and Suddenlink Communications, on Tuesday filed for an initial public offering that seeks to raise $1 billon to $2 billion, according to a source familiar with the matter. Last week John Malone's Liberty Interactive Corp said it would...

  • BAAR, Switzerland, April 11- Sika shareholders attacked the Swiss chemical company's founding family for pushing through a proposal for a smaller dividend increase-- the latest twist in a bitter takeover battle with France's Saint-Gobain. The Burkard family's call for a dividend of 96 Swiss francs per bearer share, rather than the board's proposed 102 franc...

  • LONDON, April 11- Singapore's $344 billion GIC led the sovereign investor pack in the first three months of 2017, sealing two of the biggest investments of the quarter. GIC teamed up with private equity firm Hellman& Friedman in a $1.9 billion deal for a 75 percent stake in Spain's Allfunds Bank, and paired with Paramount Group to acquire 60 Wall Street, a "trophy...

  • TAIPEI, April 11- Chinese tech conglomerate LeEco, whose businesses stretch from smartphones to electric vehicles, has abandoned a $2 billion proposed acquisition of U.S. consumer electronics company Vizio, the company said on Tuesday. However, in March, the company successfully secured $2.2 billion for expansion from investors including property...

  • The deal is subject to approval by the Committee on Foreign Investment in the United States, a government panel that reviews acquisitions by foreign entities for potential national security risks. The buyer is Unic Capital Management, a subsidiary of Sino IC Capital that was founded last year, the companies said in a news release. Sino IC Capital was...

  • *Flipkart to acquire eBay's India business. India is the world's fastest-growing internet services market as a rising middle class increasingly shops online. Amazon announced last year it would invest over $5 billion in India, and has recently expanded into online video and grocery shopping in the country.

  • FRANKFURT, April 10- Buyout groups Bain Capital and Cinven won the backing of German generic drugmaker Stada's management with a surprise improvement on its previous takeover proposal, valuing the company at about 5.3 billion euros. The private equity consortium is offering 65.28 euros per share and a dividend of 0.72 euro per Stada share, the company said in a...

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  • Shares of Akorn, which has a market value of about $3.7 billion, were up 10 percent at $32.60 in aftermarket trading. In September, the company made its biggest deal ever with the acquisition of Spain's private hospital chain Quironsalud for 5.8 billion euros, including assumed debt. Bloomberg had reported earlier in the day that Fresenius was weighing a bid for...

  • Shares of Akorn, which has a market value of about $3.7 billion, were up 10 percent at $32.60 in aftermarket trading. In September, the company made its biggest deal ever with the acquisition of Spain's private hospital chain Quironsalud for 5.8 billion euros, including assumed debt. Bloomberg had reported earlier in the day that Fresenius was weighing a bid for...

  • EU ANTITRUST REGULATORS TO CLEAR TWENTY-FIRST CENTURY FOX PLAN TO ACQUIRE THE REST OF UK PAY-TV GROUP SKY- SOURCES.

  • BEIJING, April 6- China's Ant Financial tried to soothe security concerns about its proposed $880 million takeover MoneyGram International Inc on Thursday, saying it intends to store U.S. user data locally once the deal closes. Ant's bid comes amid heightened tension between China and the United States over trade. It will be subject to a review by the Committee...

  • PARIS, April 6- The French government said on Thursday it had reached a preliminary deal clearing the way for Italy's Fincantieri to acquire a 48 percent stake in shipbuilder STX France, as Italian buyers aim to take control of the firm. France, which will retain its 33 percent stake in STX, had at one point contemplated nationalising the firm and was reluctant to...

  • BEIJING, April 6- China's Ant Financial tried to soothe security concerns about its proposed $880 million takeover MoneyGram International Inc on Thursday, saying it intends to store U.S. user data locally once the deal closes. Ant's bid comes amid heightened tension between China and the United States over trade. It will be subject to a review by the Committee...

  • April 5- Hydrogen fuel cell maker Plug Power Inc said on Wednesday Amazon.com Inc had acquired the right to buy up to 23 percent of the company and that it would supply batteries to power forklifts used by the online retailer in its warehouses. Amazon shares rose as much as 1.9 percent to a record high of $923.72 before ending 0.3 percent higher at $909.28.

  • "In no way would we do an acquisition that affected our debt ratios and impacted our existing business in a material way, but we do view ourselves as a global consolidator," Chairman Richard Baker said from the Netherlands, where the company is planning to open more than a dozen Hudson's Bay and Saks OFF 5th stores. The stock, which had fallen more than 10 percent this...

  • April 5- MGM Holdings Inc said it would acquire the 81 percent of Epix it does not already own from two of its partners in the premium U.S. channel, Viacom Inc and Lionsgate Entertainment Corp, for about $1.03 billion. Viacom has a 50 percent stake in Epix, while Lionsgate holds 31.2 percent. The deal would give MGM, a privately held U.S. movie studio best known for its...