Mergers and Acquisitions Acquisitions

  • 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...

  • In addition to its namesake brand, Elizabeth Arden is known for celebrity brand perfumes such as those of Taylor Swift.

    Revlon said it is buying Elizabeth Arden for about $419.3 million in cash, a deal uniting two well-known names in the world of beauty and cosmetics.

  • VANCOUVER, June 17- Shareholders of Reservoir Minerals Inc, a small mining company with a large copper deposit in Serbia, voted in favor of a takeover by fellow Canadian miner Nevsun Resources Ltd, Reservoir's chairman said on Friday. The eleventh-hour sweetener comes after two Reservoir shareholders, China- based smelting company Shandong Xiangguang Group...

  • FRANKFURT, June 17- Germany's BASF SE, the world's largest chemical producer, is buying Albemarle Corp's surface-treatment unit Chemetall for $3.2 billion in cash, bolstering its automotive coatings business, the companies said on Friday. It is also the first major takeover under Chief Executive Kurt Bock, who has focused more on cutbacks and divestments...

  • June 15- FireEye Inc hired Morgan Stanley to explore a sale but has since rejected at least two takeover offers this year- including one from Symantec Corp- as they were below its expectations, Bloomberg reported. The cyber security company was looking for offers of $30 per share or more, Bloomberg reported, citing people familiar with the matter.

  • June 15- New York state regulators on Wednesday approved European telecom group Altice NV's acquisition of Cablevision Systems Corp, a $17.7 billion deal that would create the fourth-largest U.S. cable provider. The unanimous approval by the New York State Public Service Commission with conditions means the Dutch company has cleared the final regulatory...