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Mergers and Acquisitions Acquisitions

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  • TORONTO, March 25- Canada's competition watchdog on Wednesday approved Postmedia's proposed takeover of Quebecor Inc's Sun Media English-language newspapers and digital assets, paving the way for one publisher to control a majority of the English-language dailies across Canada. The deal will bring some 175 newspapers and publications, including the...

  • ZURICH, March 25- Swiss bank Vontobel said it had the firepower for more deals, after agreeing to buy a majority stake in Britain's TwentyFour Asset Management and announcing takeover talks for a German-based asset manager. Zurich- based Vontobel has been restrained in acquisitions since buying Commerzbank's Swiss arm in 2009, despite stressing it has the...

  • March 24- Kraft Foods Group Inc, maker of Velveeta cheese and Oscar Mayer meats, is in talks to be acquired by Brazilian private equity firm 3 G Capital, a source familiar with the matter told Reuters on Tuesday. 3 G teamed up with Warren Buffett's Berkshire Hathaway Inc to acquire Ketchup maker H.J. The Wall Street Journal first reported on the possible deal and said...

  • March 24- Private equity firm 3 G Capital is in talks to acquire Kraft Foods Group Inc, a source familiar with the matter told Reuters on Tuesday. Based on Tuesday's close at $61.32, Kraft had a market capitalization of $36.06 billion. The company had 588.13 million shares outstanding as of March 2, according to Thomson Reuters data.

  • March 24- Private equity firm 3 G Capital is in talks to acquire Kraft Foods Group Inc, Wall Street Journal reported on Tuesday, citing people familiar with the matter.

  • *Pirelli rises after takeover bid from ChemChina. LONDON, March 23- European shares slipped from multi-year highs on Monday, with car stocks hurt by a rise in the euro and lingering worries over Greece leading investors to book profits. Traders said that lingering uncertainty over Greece was also pegging back European stock markets.

  • Pirelli rises after takeover bid from ChemChina. Shares in Pirelli outperformed, rising 2.5 percent after China National Chemical Corp agreed to buy the Italian tire maker in a 7.1 billion euro deal. The acquisition, agreed with Pirelli shareholders on Sunday, will see state-owned ChemChina take over the world's fifth-largest tire maker and one of the...

  • European shares slip from 7-1/2 year high Monday, 23 Mar 2015 | 5:06 AM ET

    *Pirelli rises after takeover bid from ChemChina. PARIS, March 23- European shares slipped on Monday, taking a breather following recent sharp gains, while shares in Pirelli rose 3.5 percent after China National Chemical Corp agreed to buy the tyre maker in a 7.1 billion euro deal. The acquisition, agreed with Pirelli shareholders on Sunday, will see state-owned...

  • European shares pause; Pirelli rises after deal Monday, 23 Mar 2015 | 4:08 AM ET

    PARIS, March 23- European shares slipped on Monday, taking a breather following recent sharp gains, while shares in Pirelli rose 2.1 percent after China National Chemical Corp agreed to buy the tyre maker in a 7.1 billion euro deal. The acquisition, agreed with Pirelli shareholders on Sunday, will see state-owned ChemChina take over the world's fifth-largest...

  • WASHINGTON, March 22- The head of the U.S. House Armed Services Committee plans to introduce legislation on Wednesday as part of a six-year drive aimed at speeding up and improving the way the Pentagon buys arms at a time of rapid gains in technology by Russia and China. The legislation includes six measures proposed by Pentagon acquisition chief Frank Kendall,...

  • WASHINGTON, March 22- The U.S. Defense Department is taking aggressive action to bolster the security of U.S. weapons systems against cyberattacks, including issuing new rules for acquisitions that will be finalized in coming months, officials told Reuters. Increased focus on cybersecurity could create opportunities for Lockheed Martin Corp, General...

  • PARIS, March 22- New York- based property developer Thor Equities has bought the building that houses one of French nightlife's best-known clubs, Le Queen, formerly Le Central, on the Champs-Elysees in Paris, the Financial Times reported. Paris commercial real estate was in increasing demand last year despite France's sluggish 0.4 percent economic growth rate.

  • March 20- Simon Property Group Inc, the No.1 U.S. mall owner, raised its offer for Macerich Co three days after its smaller rival rejected its earlier offer, adopted a poison pill and changed board structure to prevent a hostile takeover. Simon Property raised on Friday its cash-and-stock offer for Macerich to $95.50 per share from $91.00. Simon Property said its...

  • *Sabadell attracted by UK economic conditions, margin. LONDON/ MADRID, March 20- Spain's Banco Sabadell could look to expand further in Britain after agreeing a 1.7 billion pound takeover of TSB, one of the biggest cross-border banking deals since the financial crisis of 2007-09.. Sabadell, Spain's fifth-biggest bank, said it planned to grow TSB into a...

  • LONDON/ MADRID, March 20- British bank TSB has agreed to a 1.7 billion pounds takeover by Spanish lender Banco Sabadell in one of the biggest cross-border banking deals since the financial crisis of 2007-09.. Sabadell, Spain's fifth-biggest bank, said it planned to grow TSB into a significant challenger to Britain's "Big Four" lenders: Barclays, HSBA.L, Royal Bank...

  • The strategy usually involves buying stock in a Delaware- incorporated company that is being acquired and then filing a claim that gets a judge to determine the fair price for the shares in a process known as appraisal. But now the top corporate lawyers in Delaware, where about two-thirds of Fortune 500 companies are chartered, are proposing an amendment to the...

  • March 16- Buyout firm Apollo Global Management LLC is in advanced talks to acquire most of the assets of Digital First Media, publisher of the Denver Post and San Jose Mercury News, for around $400 million, according to people familiar with the matter. Apollo has so far prevailed over rival Cerberus Capital Management LP in the auction for Digital First Media, the...

  • WARSAW, March 16- U.S. media group Scripps Networks Interactive agreed to buy a majority stake in Polish broadcaster TVN for 584 million euros, gaining a foothold in a TV advertising market where revenues beat the global average and grew 6 percent last year. Scripps, which owns the Travel Channel, the Food Network and other channels, said on Monday it would buy the...

  • March 13- CRT Capital said it entered into a deal with Sterne Agee Group Inc and Stifel Financial Corp to buy Sterne Agee's institutional equity business. Terms of the deal were not disclosed. CRT said on Friday the acquisition would include Sterne Agee's equity sales, trading and research distribution platform.

  • Jay-Z completes acquisition of music streamer Aspiro Friday, 13 Mar 2015 | 5:25 AM ET

    STOCKHOLM, March 13- Hip-hop star Jay-Z's bid for Scandinavia music streamer Aspiro has succeeded after owners representing more than 90 percent of shares in the Swedish-listed firm accepted the $54 million offer. Married to pop star Beyonce, Jay-Z has had a number of business interests, including 40/ 40 Club sports bars and Rocawear clothing.