Mergers and Acquisitions Acquisitions

  • Eva Air’s Rimowa amenity kits in Crytal Green and classic Prosecco colors

    French luxury group LVMH has agreed to buy an 80 percent stake in German high-tech luggage maker Rimowa for $716 million.

  • PARIS, Oct 4- French luxury group LVMH, owner of the Louis Vuitton brand, has agreed to buy an 80 percent stake in high-tech luggage maker Rimowa for 640 million euros, its first acquisition in Germany. Founded in Cologne in 1898, Rimowa has built a reputation for designing lightweight and easy to use luggage and expects revenue of over 400 million euros this year.

  • PARIS, Oct 4- French luxury group LVMH, owner of the Louis Vuitton brand, has agreed to buy an 80 percent stake in German high-tech luggage maker Rimowa for 640 million euros. Founded in Cologne in 1898, luggage and leather goods maker Rimowa expects a 2016 revenue of over 400 million euros. Alexandre Arnault, one of the sons of LVMH boss Bernard Arnault, will become...

  • Oct 3- Bass Pro Shops said on Monday it will acquire Cabela's Inc for $5.5 billion, combining two meccas for outdoor enthusiasts, even as the deal may face antitrust scrutiny given that the hunting and fishing retailers overlap in several U.S. states. Their overlap in Texas, Missouri and Kansas will likely raise antitrust concerns. "Both Cabela's and Bass Pro Shops...

  • Oct 3- Motorhome maker Winnebago Industries Inc said on Monday it would buy privately held Grand Design Recreational Vehicle Co, a maker of towable recreational vehicles, in a cash-and-stock deal valued at $500 million. The company said it expected to fund the transaction through a combination of $395 million in cash and $105 million in new Winnebago shares.

  • Oct 3- Motorhome maker Winnebago Industries Inc said on Monday it would buy privately held Grand Design Recreational Vehicle Co, a maker of towable recreational vehicles, in a cash-and-stock deal valued at $500 million. The company said it expected to fund the transaction through a combination of $395 million in cash and $105 million in new Winnebago shares.

  • Oct 3- Motorhome maker Winnebago Industries Inc said on Monday it would buy Grand Design Recreational Vehicle Co, a maker of towable recreational vehicles, in a cash-and-stock deal valued at $500 million. The combined company will have proforma revenue of about $1.4 billion, Winnebago said. Forest City, Iowa- based Winnebago reported revenue of $977 million for...

  • Cabela's store

    A consortium of Bass Pro Shops, Goldman Sachs and Capital One is in the lead to acquire U.S. outdoor gear retailer Cabela's.

  • Oct 2- A consortium of Bass Pro Shops, Goldman Sachs Group Inc's private equity arm and Capital One Financial Corp is in the lead to acquire U.S. outdoor gear retailer Cabela's Inc, according to people familiar with the matter. It would come close to a year after Cabela's said it would explore strategic alternatives, including a potential sale, after coming under...

  • Oct 2- A consortium of Bass Pro Shops, Goldman Sachs Group Inc's private equity arm and Capital One Financial Corp is in the lead to acquire U.S. outdoor gear retailer Cabela's Inc, according to people familiar with the matter. But the deal is set to value Cabela's well in excess of $4 billion, according to the sources. The Bass Pro consortium has so far prevailed over a...

  • ISTANBUL, Sept 30- Turkish investment bank Unlu& Co aims to complete the acquisition of an Iranian brokerage in the next six months and become the first Turkish financial services firm to operate in Iran since the easing of sanctions, its chairman said on Friday. Turkish trade with Iran has since risen some 30 percent. Turkish Prime Minister Binali Yildirim said...

  • Jesse Cohn, Elliott Management

    Elliott Management said it bought 8.1 percent stake in Mentor Graphics, calling on the company to pursue "strategic opportunities."

  • Small, new banks doing well in post-Brexit world: CEO

    Rishi Khosla, CEO of OakNorth Bank, explains why Brexit has benefited smaller banks.

  • *Elliott's stake comes months after Carl Icahn exited investment. Elliott's broad range of investments across the tech industry are overseen by portfolio manager Jesse Cohn, who also leads its private equity investing arm, Evergreen, based in Menlo Park, California. In June, it partnered with Francisco Partners to acquire Dell Inc's software assets in a deal...

  • Shares of Supervalu were up 8.7 percent at $4.95 in late morning trading in New York on Thursday, giving the company a market capitalization of $1.3 billion. Supervalu, based in Eden Prairie, Minnesota, announced its intention to spin off Save-A-Lot a year ago. The buyout firms that made offers for Save-A-Lot were hoping to take advantage of a so-called tax shield...

  • KIGALI, Sept 28- Rwanda's national airline said it expects the number of its passengers to rise to one million over the next five years, boosted by the launch of new routes after the acquisition of new Airbus planes. John Mirenge, the company chief executive officer, said at a ceremony to receive the plane at Kanombe International Airport in the capital Kigali that...

  • **Brewer's shares up 2 pct, touch record high of $111.22. **SABMiller shareholders overwhelmingly back brewer's $100 bln- plus takeover by Anheuser-Busch InBev, clearing the last big hurdle for merger. **Molson Coors also set to buy SABMiller's stake in the MillerCoors venture in U.S. for $12 bln, following SABMiller's acquisition.

  • *Deal adds Africa, Latin American markets to AB InBev. LONDON/ BRUSSELS, Sept 28- SABMiller shareholders overwhelmingly backed the brewer's $100 billion- plus takeover by Anheuser-Busch InBev on Wednesday, clearing the last big hurdle for one of the largest corporate mergers in history. For the maker of Budweiser, Corona and Stella Artois it provides entry into...

  • DETROIT, Sept 28- Detroit automotive supplier Piston Group said on Wednesday it has finalized the purchase of Takata Corp's vehicle interiors subsidiary, Irvin Automotive, which will raise Piston's annual revenue to $1.8 billion from $1.3 billion.

  • *Deal adds Africa, Latin American markets to AB InBev. LONDON, Sept 28- SABMiller shareholders backed the brewer's $100- billion- plus takeover by rival Anheuser-Busch InBev by a large majority on Wednesday, paving the way for one of the biggest corporate mergers in history. Criticism of the takeover offer grew over the summer, after a steep fall in sterling...