Mergers and Acquisitions Acquisitions

  • NEW YORK, June 23- California Insurance Commissioner Dave Jones on Thursday urged national antitrust regulators to block health insurer Aetna Inc's proposed $34 billion acquisition of Humana Inc.. Jones a week ago also called for the U.S. Justice Department to stand against Anthem Inc's proposed acquisition of Cigna Corp. He said that one of his concerns is...

  • *AB Inbev to acquire SABMiller in $100 billion- plus deal. PRETORIA, June 23- South Africa's Food and Allied Workers Union said on Thursday it will strike and may take legal action if no agreement is reached with brewer Anheuser-Busch InBev on SABMiller's plan to give blacks a larger role in the business. AB InBev, the world's largest brewer, last month gained...

  • June 23- Chinese online travel company Qunar Cayman Islands Ltd said a unit of private equity fund Ocean Imagination LP offered to acquire the company. Shares of the company, which has a market value of about $3.80 billion, were trading up at $28.85 before the bell on Thursday. Ocean Management Ltd, the unit of Ocean Imagination, will fund the deal with debt and...

  • The forecast cut overshadowed the Red Hat's plan to buy back up to $1 billion in stock and sent the company's shares down 5.5 percent to $75.36 in extended trading on Wednesday. Red Hat did not disclose financial terms of the 3 scale deal, but said its expects the acquisition to increase its adjusted operating expenses for fiscal 2017 by about $5 million, or 3 cents...

  • SAN FRANCISCO/ DETROIT, June 22- Elon Musk may have "zero doubt" over the common sense of Tesla Motors' proposed acquisition of rooftop solar company SolarCity, but a merger of the two cash-burning companies at a crucial time in the electric car firm's growth plan carries financial risk Tesla can ill afford, investors and analysts say. The proposed stock deal, worth...

  • June 22- Tesla Motors Inc Chief Executive Officer Elon Musk said on Wednesday that the proposed acquisition of SolarCity Corp could eventually push the electric car maker's valuation to $1 trillion, but investors were skeptical. Shares of Tesla were down nearly 7 percent at $204.50, putting its market capitalization at $29.8 billion. The much smaller...

  • June 22- Tesla Motors Inc Chief Executive Elon Musk said on Wednesday that the proposed acquisition of his SolarCity could eventually push the electric car maker's valuation to $1 trillion, but investors disagreed. Tesla stock opened at $198.26, down nearly 10 percent from its Tuesday close. SolarCity opened at $23.27, up 10 percent.

  • Tesla bids $2.8 billion for SolarCity

    CNBC's Phil LeBeau reports Tesla shares drop after offering between $26.50 and $28.50 per share for Solar City.

  • CHICAGO, June 21- Package delivery company FedEx Corp on Tuesday reported a quarterly loss due to mark-to-market pension adjustments and expenses related to acquiring Dutch package delivery company TNT, and said it did not know how those two factors would affect its earnings for the coming fiscal year. When asked by analysts what issues in the upcoming U.S....

  • GEORGETOWN, Del., June 21- The Delaware judge ruling on the dispute that could scuttle Energy Transfer Equity's takeover of rival pipeline company Williams Cos Inc said his decision could hinge on whether Energy Transfer's tax lawyers had been working in good faith. The company's units closed 17.4 percent higher at $14.32 after the judge's comments on Tuesday.

  • BERLIN, June 21- The supervisory board of German industrial robot maker Kuka has given Chief Executive Till Reuter a free hand for negotiations concerning a 4.5 billion euro takeover bid by China's Midea, sources said on Tuesday. The supervisory board includes Hubert Lienhard, head of engineering firm Voith and billionaire Friedhelm Loh, Kuka's two biggest...

  • GEORGETOWN, Del., June 21- The Delaware judge ruling on the dispute that could scuttle Energy Transfer Equity's takeover of rival pipeline company Williams Cos Inc said his decision could hinge on whether Energy Transfer's tax lawyers had been working in good faith. "It's just whether Latham& Watkins made a good-faith decision on tax," said Vice Chancellor Sam...

  • BEIJING/ HELSINKI/ TOKYO, June 21- China's biggest gaming group Tencent Holdings Ltd is to buy a majority stake in' Clash of Clans' mobile game maker Supercell from SoftBank Group Corp in a deal valued at roughly $8.6 billion. Finnish mobile games maker Supercell will now have Tencent's backing as it pushes more aggressively into China's online gaming market.

  • June 21- Impax Laboratories Inc said it would buy a portfolio of generic drugs from Teva Pharmaceutical Industries Ltd and Allergan Plc for about $586 million. The deal is part of the divestiture process mandated by the U.S. Federal Trade Commission in relation to Teva's acquisition of Allergan's generics business for $40.5 billion. Impax Chief Executive...

  • BEIJING/ TOKYO/ HELSINKI, June 21- China's biggest gaming group Tencent Holdings Ltd is to buy a majority stake in Finland's Supercell, which makes the' Clash of the Clans' mobile game, from SoftBank Group Corp, in a deal valued at roughly $8.6 billion. Supercell, also creator of' Boom Beach' and' Hay Day', has a handful of successful games and gets a significant amount of...

  • BEIJING, June 21- China's biggest gaming and social network company Tencent Holdings said on Tuesday it will buy most of Finnish mobile gaming firm Supercell from SoftBank Group Corp and other shareholders in a deal valued at roughly $8.6 billion. Tencent will, over three instalments, acquire about 84.3 percent of Supercell via a wholly owned consortium,...

  • GEORGETOWN, Del., June 20- Williams Cos Inc and Energy Transfer Equity LP sparred in court on Monday over a tax dispute that threatens to scuttle their $20 billion merger just one week before Williams shareholders vote on the deal to create one of the world's largest pipeline companies. Williams is asking a judge to force ETE to complete the takeover, alleging that...

  • June 20- Twitter Inc said on Monday it acquired London- based Magic Pony Technology, a machine-learning startup that specializes in working with images, to deliver better video and picture content. "Magic Pony's technology... will be used to enhance our strength in live and video and opens up a whole lot of exciting creative possibilities for Twitter," Twitter Chief...

  • LONDON, June 20- Consumer goods group Reckitt Benckiser has temporarily licensed the K-Y brand of personal lubricants in the United Kingdom to a British unit of Germany's Stada, a UK watchdog said on Monday. The UK Competition and Markets Authority said last year that the acquisition of K-Y by Reckitt, which already owns the Durex brand, could reduce competition...

  • June 19- U.S. antitrust regulators are concerned about health insurer Anthem Inc's proposed acquisition of Cigna Corp and not sure the companies can offer enough concessions to maintain competition in the industry, the Wall Street Journal reported on Sunday. Both companies have scheduled meetings this week with top U.S. Department of Justice officials, the...