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Mergers and Acquisitions Acquisitions

  • Brocade stock jumps on Broadcom deal

    Chipmaker Broadcom will buy the network gear maker in a deal valued at $5.5-billion.

  • Chipmaker Broadcom could acquire the network gear maker sometime this week.

  • Spin-off deals can be a win-win: Cass Business School

    The tie up between Baker Hughes and GE has put a spotlight on the value corporate spin offs can bring to investors. Scott Moeller, director of M&A research center at Cass Business School, discusses.

  • ATLANTIC CITY, N.J., Nov 1- New Jersey on Tuesday rejected Atlantic City's recovery plan, saying it was unlikely to achieve financial stability, setting the stage for a possible state takeover of the cash-strapped gambling hub. The plan, which would cut costs, borrow money and raise $110 million through a land sale, did not go far enough, New Jersey Department of...

  • Nov 1- Gannett Co Inc, the publisher of USA Today, said on Tuesday it had abandoned plans to buy Tronc Inc, the publisher of the Chicago Tribune and the Los Angeles Times. Bloomberg reported in early October that Gannett was offering $18.50 to $19 per share. Gannett, the biggest U.S. newspaper publisher by circulation, made an unsolicited $12.25 per share takeover...

  • Gannett ends talks to buy Tronc

    Gannett has terminated discussions to acquire Tronc, reports CNBC's Andrew Ross Sorkin.

  • Nov 1- Pfizer Inc, the largest U.S. drugmaker, reported a 38 percent fall in quarterly net income on Tuesday, largely due to an impairment charge related to the pending sale of its Hospira infusion therapy business. The company said its net income fell to $1.32 billion, or 21 cents per share, in the third quarter, from $2.13 billion, or 34 cents per share, a year earlier.

  • Oct 31- Telecommunications company CenturyLink Inc said it would buy Level 3 Communications Inc in a cash-and-stock deal with an equity value of about $24 billion to expand its fiber optic network and high-speed data services for business clients. The offer of about $66.50 per share represents a premium of 42 percent to Level 3' s Wednesday close, before the...

  • Oct 31- Telecom company CenturyLink Inc said on Monday it would buy Level 3 Communications Inc in a cash-and-stock deal with an equity value of about $24 billion to expand its fiber optic network and high-speed data services. Level 3 shares were up about 5.5 percent at $57 in premarket trading while CenturyLink's shares were down 11.2 percent at $27.

  • Oct 31- Telecom company CenturyLink Inc said on Monday it would buy Level 3 Communications Inc in a cash-and-stock deal for an equity value of $19.43 billion to expand its fiber optic network and high-speed data services. Level 3 shares were up about 5.5 percent at $57 in premarket trading while CenturyLink's shares were down 11.2 percent at $27.

  • The Sony Cooperation logo is seen at a trade fair in Yokohama, Japan, February 25, 2016.

    Sony cut its annual profit outlook due to losses related to the sale of its battery business.

  • Oct 31- Telecom company CenturyLink Inc said on Monday it would buy Level 3 Communications Inc in a cash-and-stock deal for equity value of $19.43 billion to expand its fiber optic network and high-speed data services. CenturyLink will offer $26.50 in cash and 1.4286 of its shares for each Level 3 share held. Level 3' s shares were up 3.9 percent at $56.15 in light...

  • WPP either in line with expectations or better

    Tom Singlehurst, director and head of the European media team at Citigroup, weighs in on WPP's third-quarter data.

  • Singapore's largest bank, DBS Group, is buying ANZ's retail banking and wealth management units in five Asian countries.

  • *Cuts operating profit outlook to Y270 bln vs Y309 bln estimate. TOKYO, Oct 31- Sony Corp cut its annual profit outlook due to losses related to the sale of its battery business- disappointing a market that had been hoping for an upward revision on buoyant sales momentum for PlayStation 4 and the launch of its virtual reality headset. Sony now expects to post 270...

  • TOKYO, Oct 31- Sony Corp said on Monday it was cutting its annual profit outlook due to impairment losses related to the sale of its battery business to Murata Manufacturing Co.. The consumer electronics giant now expects to post 270 billion yen in operating profit for the year ending in March, down 30 billion yen from its previous forecast made in July.

  • Buying growth has become key to growing business: Panmure

    The U.K. M&A market is heating up, as a weaker sterling makes British businesses look like a bargain. Panmure Gordon Head of M&A, Karri Vuori, weighs in.

  • According to the first person, who requested anonymity because the plan remains under analysis, an initial public offering of Intermédica could help Boston- based Bain Capital recoup part of the investment it made on the acquisition of the company and prepare for new deals. By selling a piece of the company to investors in an IPO, Bain Capital wants to...

  • GE in talks with Baker Hughes

    Steven Winoker, Bernstein senior analyst, weighs in on partnership talks between General Electric and Baker Hughes and what it potentially means for both companies.

  • *Qualcomm offers $110 per NXP share, premium of 11.5 pct. Oct 27- Smartphone chipmaker Qualcomm Inc agreed to buy NXP Semiconductors NV for about $38 billion in the biggest-ever deal in the semiconductor industry, making it the leading supplier to the fast-growing automotive chips market. "The pace of innovation in automobile and IoT will increase dramatically...