Mergers and Acquisitions Acquisitions

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  • NEW YORK, April 5- U.S. drug maker Pfizer Inc agreed on Tuesday to terminate its $160 billion agreement to acquire Botox maker Allergan Plc, in a major victory to U.S. The decision to end the biggest tax "inversion" ever attempted, which would have seen Pfizer slash its tax bill by redomiciling to Ireland where Allergan is registered, came a day after the U.S.

  • NEW YORK, April 5- U.S. drug maker Pfizer Inc's agreed on Tuesday to terminate its $160 billion agreement to acquire Botox maker Allergan Plc, in a major victory to U.S. The decision to end the biggest tax "inversion" ever attempted, which would have seen Pfizer slash its tax bill by redomiciling to Ireland where Allergan is registered, came a day after the U.S.

  • NEW YORK, April 5- U.S. drug maker Pfizer Inc's $160 billion agreement to acquire Botox maker Allergan Plc was on the brink of being abandoned on Tuesday, after the U.S. President Barack Obama' s administration could change the rules again to thwart a deal, according to the source. Obama on Tuesday called global tax avoidance a "huge problem" and urged Congress to take...

  • *Agency can seek 15- day extension; this would be its 4th. JOHANNESBURG/ LONDON, April 4- South Africa's competition watchdog wants to extend the deadline again for its investigation of Anheuser-Busch InBev's planned $106 billion takeover of SABMiller, raising the possibility of a delay for the beer industry's biggest-ever deal. "This transaction raises...

  • JOHANNESBURG, April 4- South Africa's competition watchdog said it will request an extension to Tuesday's deadline to complete an investigation of Anheuser-Busch InBev's planned $106 billion takeover of SABMiller. "This transaction raises certain concerns which should be considered and addressed," said Competition Commission spokesman Itumeleng...

  • The Brazilian newspaper, without citing sources for its information, said early Sunday that Blackstone had hired JP Morgan Chase& Co. to help it consider acquiring a controlling stake in BR Malls, which is based in Rio and is Brazil's biggest mall operator. The paper said the acquisition would amount to Brazil's biggest-ever real estate transaction and would...

  • RIO DE JANEIRO, April 3- Investment firm Blackstone Group LP hired advisers from JP Morgan Chase& Co. to consider acquiring a controlling stake in Brazilian shopping mall operator BR Malls Participacoes SA, a newspaper reported on Sunday. Rio de Janeiro daily O Globo, without citing sources for its information, said the acquisition would amount to Brazil's...

  • April 1- Private equity firm Silver Lake Partners has agreed to acquire a minority stake in Ancestry.com in a deal that values the privately held genealogy website at $2.6 billion, including debt, people familiar with the matter said on Friday. GIC, Singapore's sovereign wealth fund and an existing investor in Ancestry, will increase its stake and hold as much...

  • *Poland's Alior Bank buys GE's BPH for $329 mln. WARSAW, April 1- Poland's Alior Bank has agreed to buy Bank BPH from General Electric for 1.225 billion zloty and said it will look to make another acquisition this year after moving into the country's top 10.. PZU plans to build Poland's fifth-largest bank through Alior, which will raise its assets to 60 billion...

  • LONDON/ PORT TALBOT, Wales, March 31- Prime Minister David Cameron said there was no guarantee a buyer could be found for Britain's biggest steel producer after Tata Steel announced it was pulling out, and a state takeover was not the answer. Tata's biggest plant in Port Talbot, south Wales, is losing around $1.4 million a day as a result of depressed steel prices and...

  • March 30- The Canada Pension Plan Investment Board said it invested 480 million euros to support the acquisition of Dutch car leasing company LeasePlan by a consortium of investors. A group of investors agreed in July to buy LeasePlan for about 3.7 billion euros from Global Mobility Holding, a joint venture between Volkswagen and banker Friedrich von Metzler.

  • TOKYO, March 30- Taiwan's Foxconn agreed to acquire a two-thirds stake in Japan's Sharp Corp for $3.5 billion, securing a big discount to its original offer after a month of wrangling over the ailing Japanese electronic maker's potential liabilities. The deal marks the biggest takeover in Japan's technology industry, but also the end of independence for the...

  • TOKYO/ TAIPEI, March 30- Taiwan's Foxconn agreed to acquire Sharp Corp at a big discount to its original offer after a month of wrangling that sowed more doubts over whether the two companies can work well together and fend off fierce competition from smartphone display rivals. Foxconn, formally known as Hon Hai Precision Industry Co, will pay about $3.5 billion...

  • Metro split plans is a ‘logical step’: Analyst

    Bernstein retail analyst Richard Clarke says Metro’s decision to split into two separate companies enables more targeted management teams and greater transparency.

  • TOKYO/ TAIPEI, March 30- Taiwan's Foxconn is set to agree on Wednesday to acquire Sharp Corp, gaining a big discount to its original offer after a month of wrangling about potential liabilities that sowed more doubt about whether the two firms will be able to work well together. Foxconn, formally known as Hon Hai Precision Industry Co, is likely to cut its initial 489...

  • *UK arm's performance deteriorates sharply- Tata. MUMBAI, March 30- India's Tata Steel, Britain's largest steelmaker, is considering the sale of its entire UK business to stem heavy losses, a move that would draw a line under its almost decade-long foray into Britain's declining steel industry. Blaming high manufacturing costs, domestic market weakness and...

  • TOKYO, March 30- Taiwan's Foxconn is planning to overhaul Sharp Corp's management including replacing its CEO after a multi-billion-dollar takeover of the Japanese display maker expected to be announced on Wednesday, the Yomiuri newspaper reported. Sources have said that the original offer price of 489 billion yen is likely to be reduced by around 100...

  • MUMBAI, March 30- India's Tata Steel, Britain's largest steelmaker, is considering the sale of its entire UK business to stem heavy losses, a move that would draw a line under its almost decade-long foray into Britain. After a marathon board meeting in Mumbai, the Indian steel giant said in a statement in the early hours of Wednesday that the financial performance...

  • TORONTO, March 29- Canadian engineering firm Stantec Inc said on Tuesday it had agreed to purchase MWH, a water resources infrastructure company based in Colorado, for $793 million in cash. Stantec said the acquisition of MWH, which has 6,800 employees worldwide, would make it a global leader in water resources infrastructure, increasing its presence in the...

  • Hagie, a leading U.S. crop sprayer manufacturer, employs about 400 people at its Clarion, Iowa manufacturing facility. "It is notable that Hagie basically put itself on sale, because they had a financial advisor involved," said Jim Corridore, analyst at S&P Global Market Intelligence. NCP, Inc, a Des Moines, Iowa investment bank was the exclusive financial advisor to...