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Mergers and Acquisitions Acquisitions

  • *Jan-Sept net profit at 4.1 mln euros. LJUBLJANA, Nov 10- Household appliances maker Gorenje said on Thursday that Panasonic, which looked at making a bid for the Slovenian company earlier this year, had decided against a takeover deal. It also said it expected to end 2016 with a group net profit of 7.6 million euros, up from a profit of 4.1 million euros in the first...

  • The family announced this week it had launched Dolan Family Ventures to invest in data and technology and analytics companies. In its first deal, Dolan Family Ventures on Thursday said it has acquired New York- based Analytics Media Group, and is launching a new business called 605.. "Our goal is to get the right data and analysis in place to allow people to spend...

  • Tesla buys German engineering firm to ramp up production

    The electric automaker is expected to add about 1-thousand jobs in Germany over the next few years.

  • SAO PAULO, Nov 8- Brazilian buyout firm 3 G Capital is seeking to raise $8 billion to $10 billion through a new fund to finance an acquisition, website Brazil Journal said on Tuesday, citing sources close to the company. There is market speculation that 3 G wants to acquire Oreo-maker Mondelez International Inc through its Kraft Heinz Co unit, according to the news...

  • LONDON, Nov 8- Singapore Exchange has completed its takeover of the privately-owned Baltic Exchange, sealing an 87 million pound deal for one of London's oldest institutions, the groups said on Tuesday. The deal received UK regulatory approval last month after Baltic shareholders unanimously approved the takeover on Sept. 26. The Baltic's new chief executive,...

  • Nov 5- Oracle Corp said on Saturday its proposed $9.3 billion acquisition of cloud storage company NetSuite Inc will move forward after more than half of eligible NetSuite shareholders backed the bid. Oracle offered to buy NetSuite in July for $109 a share to respond to challenges from rival enterprise software companies such as Workday Inc and...

  • The consortium, made up of funds advised by BC Partners, Medina Capital Advisors and Longview Asset Management, will own CenturyLink's portfolio of 57 data centers at the close of the deal, expected to be in the first quarter of 2017.. Reuters reported exclusively last month that BC Partners was in the pole position to acquire the portfolio.

  • Nov 3- Viacom Inc, the owner of Comedy Central, Nickelodeon and MTV, is in talks to acquire Argentine broadcaster Television Federal SA from phone carrier Telefonica SA for up to $385 million, according to people familiar with the deal. On Monday, Viacom named Bob Bakish, the head of its international business, as interim chief executive, effective Nov. 15.

  • BERLIN, Nov 3- The new boss of Adidas announced plans on Thursday to overhaul struggling fitness brand Reebok, including cuts at its Boston base and store closures, and also predicted the sale of its golf business by the end of the year, albeit at a loss. Rorsted said Adidas would streamline its Boston- based organisation and create a global brand team dedicated to...

  • SYDNEY, Nov 3- Australia's South32 said on Thursday it will pay $200 million to acquire Peabody Energy's Metropolitan coal mine in Australia amid a resurgence in demand for coal to make steel. Peabody, the biggest U.S. coal miner, filed for bankruptcy protection in April after a sharp drop in coal prices left it unable to service its $10.1 billion debt, much of it...

  • Nov 2- Valeant Pharmaceuticals International Inc is exploring a sale of its eye-surgery equipment business, which could fetch as much as $2.5 billion, the Wall Street Journal reported. The sale process is in an early stage and Valeant may still decide not to sell the business, the Journal reported, citing people familiar with the matter. The indebted drugmaker...

  • 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.