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Mergers and Acquisitions Acquisitions

  • TORONTO, Dec 7- Chicago- based PrivateBancorp on Wednesday postponed a shareholder vote due Thursday on a proposed takeover by Canadian Imperial Bank of Commerce, saying shareholders needed more time to consider it. Major Canadian banks are looking for growth in the United States to offset sluggish growth in their domestic market. However, some...

  • STUTTGART, Dec 7- German auto supplier ZF has launched the sale of its Body Control Systems division, Chief Executive Stefan Sommer said, seeking to shed assets it no longer deems essential after its takeover of rival TRW. "We are at a very early stage," Sommer told journalists at the Stuttgart Economic Press Club in remarks embargoed for Wednesday.

  • Dec 6- GoDaddy Inc, a U.S.-based website domain name provider, said on Tuesday it would buy peer Host Europe Group for 1.69 billion euros, including debt, as it seeks to expand beyond the initial set-up of websites. GoDaddy has branched into the more profitable business of hosting websites for small businesses and consumers and the HEG deal will help it accelerate...

  • Dec 6- GoDaddy Inc, a U.S.-based website domain name provider, said on Tuesday that it would buy peer Host Europe Group for 1.69 billion euros, including debt, as it seeks to expand beyond the initial set-up of websites. The deal gives the company a five-year jump in Europe, GoDaddy Chief Executive Blake Irving said in an interview. HEG is one of Europe's largest...

  • LONDON, Dec 6- British tourism company Thomas Cook said it would pay 55.8 million pounds to take full control of a jointly owned network of 764 travel shops in Britain which it had run with partner The Co-operative Group. Thomas Cook said on Tuesday that the deal for it to buy minority stakes in the network came about after the Co-Op announced plans to exit the joint...

  • LONDON, Dec 6- British tourism company Thomas Cook said it would pay 55.8 million pounds to take full control of a jointly owned network of 764 travel shops in Britain which it had run with partner The Co-operative Group. Thomas Cook said on Tuesday that the deal for it to buy minority stakes in the network came about after the Central England Co-Operative...

  • Treasury Secretary Jack Lew on Monday asking for the acquisition of U.S. chip maker Lattice Semiconductor Corp by a fund with ties to China's government to be blocked over security concerns. The letter follows a Reuters report last week that revealed that Canyon Bridge Capital Partners, the buyout fund that agreed to acquire Lattice for $1.3 billion, is funded...

  • Dec 5- Sanofi is considering a bid for Swiss biotech company Actelion, rivaling an offer made by U.S. healthcare company Johnson& Johnson, Bloomberg reported, citing people familiar with the matter. J&J said last month it was in preliminary talks with Actelion about a potential takeover of Europe's largest biotech firm, which was then valued at about $20 billion.

  • Dramatic crescendo in Chinese outbound M&A activity

    Hernan Cristerna, co-head of global M&A at JP Morgan, says that mergers and acquisitions worldwide in 2016 have remained resilient despite uncertainty.

  • FRANKFURT, Dec 3- German semiconductor equipment maker Aixtron will explore with its Chinese suitor what can be salvaged of the planned takeover after a U.S. presidential order ruled the deal posed a national security risk, the company said on Saturday. President Barack Obama blocked China's Fujian Grand Chip Investment Fund from acquiring Aixtron's U.S....

  • FRANKFURT/ WASHINGTON, Dec 2- President Barack Obama blocked a Chinese investment fund from acquiring the U.S. business of German semiconductor equipment maker Aixtron because the deal posed a risk to American national security, the Treasury Department said on Friday. In 2012, Obama ordered Ralls Corp, owned by China's Sany Group, to sell its interest in wind...

  • Dec 2- Aixtron SE's takeover by China's Fujian Grand Chip Investment Fund may soon be on the list of deals called off due to increased U.S. regulatory scrutiny. --China's Unisplendour Corp Ltd scrapped a $3.8 billion investment in Western Digital Corp after CFIUS said it would investigate the transaction. --China's Tsinghua Unigroup Ltd abandoned its offer to buy...

  • ZURICH, Dec 2- Actelion's silence speaks volumes to the dozens of event-driven hedge funds piling into the Swiss biotech firm, betting that Johnson& Johnson's approach will result in an outright takeover and handsome returns. A source familiar with the matter has told Reuters the two companies are discussing a bid of close to $27 billion, or 250 Swiss francs per...

  • FRANKFURT, Dec 2- Aixtron will have to take action to balance income and costs, including potential job cuts, if U.S. President Barack Obama blocks its takeover by China's Fujian Grand Chip Investment Fund. Last month, the Committee on Foreign Investment in the United States recommended that Aixtron's sale to the Chinese investment fund be stopped due to...

  • President Barack Obama about whether a takeover by China's Fujian Grand Chip Investment Fund could proceed, clouding the troubled German chip maker's outlook. Last month, the Committee on Foreign Investment in the United States recommended that Aixtron's sale to the Chinese investment fund be stopped due to security concerns. Aixtron shares were down 3.5...

  • CHICAGO, Dec 1- U.S. agricultural commodities trader Archer Daniels Midland Co has sold its 19.9 percent stake in GrainCorp Ltd to underwriters UBS just three years after a failed bid to wholly acquire the Australian grain handler, ADM said on Thursday. ADM's A $2.8 billion bid to buy Australia's largest listed grain handler was blocked by government...

  • Dec 1- Cummins Inc, a U.S. manufacturer of engines for large trucks, is preparing to explore the sale of a business that makes filters and coolants, potentially valuing it at more than $1.5 billion, according to people familiar with the matter. The move comes as weak heavy-duty truck production in North America and poor global demand for power generation equipment...

  • Dec 1- Parker-Hannifin Corp, which makes motion and control systems for the industrial and aerospace markets, said on Thursday it would buy air filtration systems maker Clarcor Inc for about $4.3 billion, including debt. Clarcor's strong presence in the United States and high percentage of recurring after-market sales would benefit Parker-Hannifin, the...

  • Twitter needs to clean up the platform: Chris Sacca

    Lowercase Capital Founder, Chris Sacca tells CNBC why he believes Twitter would be better if it was acquired.

  • Rockwell's shares were up 2.7 percent at $95.20 in extended trading on Wednesday, while B/E Aerospace was down 3.4 percent at $58.00. "We remain confident that the acquisition of B/E Aerospace will create significant value for our shareholders," a Rockwell spokeswoman said. In October, Rockwell Collins struck a deal to buy aircraft interior maker B/E Aerospace,...