Mergers and Acquisitions Acquisitions

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  • Sept 1- Discount retailer Dollar Tree Inc's quarterly sales rose less than analysts expected due to intense competition from retailers such as Wal-Mart Stores Inc and as it focused on closing the acquisition of Family Dollar Stores Inc.. Dollar Tree's sales forecast for the current quarter also fell short of Wall Street's estimates, sending the company's...

  • HONG KONG/ LONDON, Sept 1- BG Group plc, which is being acquired by Royal Dutch Shell plc, has put up for sale its 22.2 percent stake in the huge Thai Bongkot offshore gas field valued at around $1.2 billion, people familiar with the matter said. BG has hired Morgan Stanley to run the sale process and wants to close the deal by the end of this year, one of the people said.

  • SHANGHAI, Sept 1- China's major brokerage, Guotai Junan Securities Co, said on Tuesday that it will increase its equity fund dedicated to supporting markets- answering Beijing's call for listed firms to bolster their backing for struggling stock markets. Guotai Junan's board agreed to use 20 pct of its net assets for a fund dedicated to buying shares to support...

  • Aug 31- Investment firm Pleasant Lake Partners LLC offered to buy analog chipmaker MagnaChip Semiconductor Corp in a deal valuing the South Korea- based company at about $346 million. The company engaged Barclays as its financial adviser for the process. MagnaChip's total revenue fell 5.8 percent to $162 million in the second quarter ended June 30, from a year...

  • Aug 31- Hedge fund Pleasant Lake Partners said it offered to buy analog chipmaker MagnaChip Semiconductor Corp in a deal valuing the South Korea- based company at $345.7 mln. Pleasant Lake's offer of $10 per share is at premium of 29.2 percent to MagnaChip's Friday closing price. Pleasant Lake already owns 9.9 percent of MagnaChip.

  • MYL shareholders approve PRGO deal Friday, 28 Aug 2015 | 9:00 AM ET
    MYL shareholders approve PRGO deal

    Mylan shareholders back proposed Perrigo purchase.

  • WFC banking on GE deal Friday, 28 Aug 2015 | 9:00 AM ET
    WFC banking on GE deal

    Wells Fargo is the front-runner to buy GE's railcar financing unit. - Bloomberg

  • A new home for the 'Jolly Green Giant' Friday, 28 Aug 2015 | 6:00 AM ET
    A new home for the 'Jolly Green Giant'

    B&G Foods in late-stage talks to buy Green Giant from General Mills. - Reuters

  • WASHINGTON/ BEIJING, Aug 28- The chairman of China's Tsinghua Unigroup travelled to the United States this week to meet with board members of Micron Technology and try to revive a politically fraught takeover bid of the U.S. chipmaker, people familiar with the matter said. Senator Charles Schumer of New York called on the inter-agency Committee on Foreign...

  • Aug 27- Dollar General Corp, the No.2 U.S. discount retailer by store count, reported quarterly sales that fell slightly below analysts estimates and said it expects same-store sales growth for the year to be at the low-end of its forecast. Dollar General slipped from the No.1 spot after it lost a takeover battle for smaller rival Family Dollar Stores Inc to...

  • Abbott denies rumors on St. Jude deal Thursday, 27 Aug 2015 | 8:00 AM ET
    Abbott denies rumors on St. Jude deal

    Abbott denies FT speculation about a St. Jude's acquisition.

  • SLB acquisition to create oilfield juggernaut Wednesday, 26 Aug 2015 | 8:00 AM ET
    SLB acquisition to create oilfield juggernaut

    A Schlumberger-Cameron International deal may bring about an oil industry breakthrough.

  • ATHENS, Aug 26- Azerbaijan's state-owned oil company SOCAR had confirmed its interest in acquiring a stake in Greek gas grid operator DESFA, with a deal possible by the end of the year, Greece's privatisation agency said on Wednesday. Greece's privatisation agency HRADF and Hellenic Petroleum met SOCAR officials on Wednesday and all the parties reiterated...

  • Greece sees gas grid deal with Azeri SOCAR progressing Wednesday, 26 Aug 2015 | 6:53 AM ET

    ATHENS, Aug 26- Greece's privatization agency said on Wednesday that Azerbaijan's state-owned oil company SOCAR had confirmed its interest in acquiring a stake in Greek gas grid operator DESFA, with a deal possible by the end of the year. "All the parties involved reiterate their commitment to complete the deal as soon as possible," HRADF, the Greek privatization...

  • JNJ sheds Splenda in sweet deal Wednesday, 26 Aug 2015 | 6:00 AM ET
    JNJ sheds Splenda in sweet deal

    Heartland Food Products Group gets a little sweeter after buying Splenda from Johnson and Johnson.

  • Industry executives and defense officials said they expected the Army to announce an initial contract valued at up to $9 billion late on Tuesday for 17,000 of 55,000 vehicles to be built for the Army and Marine Corps in coming years,. The Pentagon's Defense Acquisition Board, led by chief arms buyer Frank Kendall, met on Tuesday to review the acquisition...

  • MILAN, Aug 25- Mitsubishi Electric has agreed to buy Italian air conditioning company DeLclima for 664 million euros in cash, the latest Asian acquisition in the European country. The Japanese group will buy 74.97 percent of DeLclima from its top investor De Longhi at 4.44 euros per share and then launch a mandatory public tender offer, according to a joint...

  • NEW YORK, Aug 21- When Hormel Foods Corp, maker of Spam canned meat, said it was buying Applegate Farms in May, fans of the organic and natural meat company lamented its takeover by Big Food on social media and questioned whether product quality would go down. Big food and beverage makers such as Campbell Soup Co, General Mills Inc and Coca-Cola Co, facing sluggish U.S....

  • Valeant buys Sprout in $1 billion cash deal Thursday, 20 Aug 2015 | 7:32 AM ET
    Valeant buys Sprout in $1 billion cash deal

    Michael Pearson, Valeant Pharma chairman & CEO, and Cindy Whitehead, Sprout Pharma CEO, discuss Valeant's acquisition of Sprout and its new female libido drug Addyi. With CNBC's Meg Tirrell.

  • Separately, FIH Mobile, a unit of Taiwan's Foxconn, the trading name of Hon Hai Precision Industry Co, said it was acquiring a 4.27 percent stake in Snapdeal for $200 million via its Singapore- based subsidiary Wonderful Stars Pte.. Sources told Reuters this month that Snapdeal was set to raise $500 million from China's Alibaba Group Holding, Japan's SoftBank...