Mergers and Acquisitions Acquisitions

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  • BRUSSELS, Dec 10- U.S. drinks can maker Ball Corp is set to win EU approval for its 4.43- billion-pound takeover of Rexam Plc with an improved package of concessions, two people familiar with the matter said on Thursday. The deal however triggered concerns in the European Commission that it would drive up prices for companies and consumers. Rexam's shares rose as...

  • Dec 9- A potential $130 billion merger of Dow Chemical Co and DuPont could prompt a renewed flurry of takeover bids for European rivals with Switzerland's Syngenta AG the most likely target. Syngenta, the world's largest agrochemicals company, fended off a $47 billion offer from U.S. group Monsanto in August and reportedly rejected a $42 billion pursuit by...

  • *QIA to take 10.5 pct of Accor, Kingdom Holding 5.8 pct. PARIS, Dec 9- AccorHotels is buying the owner of luxury hotels including London's Savoy and New York's Plaza, in a cash-and-share deal worth $2.9 billion that will also raise the U.S. profile of Europe's largest hotel group. The share issue will leave the Qatar Investment Authority with a 10.5 percent stake in...

  • *CSC to buy Xchanging for 190 p/shr in cash. *Xchanging recommends CSC offer over Capita bid. Dec 9- British outsourcing company Xchanging Plc agreed to be bought by Computer Sciences Corp for about 480 million pounds after the U.S. technology consulting company topped an offer from Capita Plc.

  • Dec 9- Technology consulting company Computer Sciences Corp will buy Xchanging Plc for about 480 million pounds, the companies said, beating out other suitors in a bidding war for the insurance-focused outsourcing company. The cash offer of 190 pence per share represents a premium of about 72 percent to Xchanging's closing price on Oct. 2, the day before the...

  • SAN FRANCISCO/ BENGALURU, Dec 8- Yahoo Inc is weighing a sale of its core Internet business and will not sell its stake in Chinese e-commerce firm Alibaba Group Holding Ltd, CNBC reported, with an announcement as soon Wednesday. Yahoo could not immediately be reached for comment. Yahoo is also considering what to do with its stake in Yahoo Japan, according to the CNBC...

  • SAN FRANCISCO/ BENGALURU, Dec 8- Yahoo Inc is weighing a sale of its core business and will not sell of its stake in Alibaba Group Holding Ltd, CNBC reported, a sharp reversal that came after pressure from an activist investor. Yahoo's shares were up nearly 2 percent in after hours trading. Yahoo faced pressure from activist investor Starboard Value LP to sell the...

  • Outlook for M&A in 2016

    Professor Scott Moeller, director of the M&A research centre at Cass Business School, discusses the latest in M&A, in particular Keurig, and AB InBev’s deal with SABMiller.

  • SYDNEY, Dec 8- Australian detention camp operator Broadspectrum Ltd on Tuesday advised shareholders to take no action on a takeover offer from Spanish infrastructure giant Ferrovial SA, suggesting it undervalued the company. Broadspectrum, the firm running Australia's controversial offshore camps for asylum seekers, said Ferrovial had not had any access...

  • FRANKFURT, Dec 7- NXP has completed its nearly $12 billion deal to buy Freescale, doubling the proportion of auto-related revenue to 40 percent to create the world's top maker of automotive electronics, it said on Monday. NXP automotive unit chief executive Kurt Sievers said in an interview that the combination will allow the company to assemble a range of...

  • Microprocessors sit on a circuit board displayed on the NXP Semiconductors NV pavilion at the Mobile World Congress in Barcelona, Spain, on Monday, March 2, 2015.

    NXP has closed its nearly $12 billion deal to acquire Freescale, creating the world's top maker of automotive electronics, the company said on Monday.

  • FRANKFURT, Dec 7- NXP has closed its nearly $12 billion deal to acquire Freescale, doubling the proportion of auto-related revenue to 40 percent to create the world's top maker of automotive electronics, the company said on Monday. Automotive unit Chief Executive Kurt Sievers said in an interview that the deal would allow NXP to assemble a range of discreet...

  • AMSTERDAM, Dec 7- Fluor Corporation said on Monday it would buy Dutch engineering and construction firm Stork from its private equity owner Arle Capital, for $755 million. Fluor said the acquisition would combine well with its own operations in the same industry and give it access to Stork's customer base, which spans the globe but is most focused in Europe.

  • LONDON, Dec 7- British outsourcing firm Serco said on Monday it expected revenue and trading profit to fall in 2016, due to the sale of its offshore call center business and a number of lost contracts. Serco has suffered over the past few years, following problems with government contracts that included overcharging the British government for monitoring...

  • RIGA/ PARIS, Dec 3- Latvia's parliament approved an 80 million-euro cash injection for AirBaltic on Thursday, lifting a potential hurdle for the state-owned airline to complete the acquisition of CSeries passenger jets from Canada's Bombardier. The green light follows a government decision to prevent the state-owned airline separately importing jets...

  • Dec 3- Office supplies retailer Staples Inc is willing to sell more assets to win antitrust approval for its $6.3 billion takeover of Office Depot Inc, Bloomberg reported on Thursday, citing two people familiar with the matter. Under the deal announced in February, Staples had offered to divest about half of Office Depot's assets with revenues of up to $1.25...

  • RJF to acquire Deutsche Bank Private Client Services

    Paul Reilly, Raymond James Financial CEO, discusses the acquisition of DB's private client group and weighs in on the future of financial advisors.

  • PARIS/ SINGAPORE, Dec 3- French shipping giant CMA CGM has obtained firm commitments from banks to finance the takeover of Singapore's Neptune Orient Lines, which has a market value of $2.2 billion, two people familiar with the deal said. CMA CGM, which is in exclusive talks to initially buy nearly 67 percent of NOL from state investor Temasek Holdings, has tapped...

  • *Proposed merger between Barloworld Transport Ltd and Aspen Logistics Services Ltd. *Recommended to competition tribunal that merger whereby BWT intends to acquire Aspen be approved, with conditions. *Post-Merger, BWT will control Aspen.

  • NEW YORK, Dec 2- Investors who made early bets on Marissa Mayer's ability to turn around Yahoo Inc were well rewarded for their faith: the share price has more than doubled and widely outperformed the broader stock market since she took over as president and CEO in July 2012. The board of Yahoo is weighing a sale of its core Internet business when it meets this week...