×

Mergers and Acquisitions Acquisitions

  • He bought Viacom through a hostile takeover in 1987, and later added Paramount Pictures and CBS. He split Viacom from CBS in 2006.. The announcement that Redstone is stepping down from the board came just days after he and Shari Redstone withdrew a proposal for CBS and Viacom to explore a merger.

  • HONG KONG, Dec 16- First Capital Securities Co Ltd plans to acquire JPMorgan Chase& Co's minority stake in a Chinese joint venture, in what would be the first departure by a prominent global investment bank from China's securities sector. The Shenzhen- listed securities group said in an exchange filing on Friday that it would buy the 33.3 percent stake in joint...

  • JOHANNESBURG/ LONDON, Dec 15- Anheuser-Busch InBev will sell its stake in South Africa's Distell Group to state-owned pension fund Public Investment Corp, it said on Thursday, as agreed during its takeover of SABMiller. South Africa's Competition Commission made the disposal a condition of the $100 billion takeover. Distell's other large shareholders,...

  • Dec 14- General Electric Co said on Wednesday it would sell its $3 billion industrial solutions business, which makes electrical equipment, as part of a push to focus on its core businesses. The industrial conglomerate expects to raise about $4 billion from the sale of the unit as well as the previously announced sale of its water business, GE said in an investor...

  • LONDON, Dec 14- South Africa's Rand Merchant Investment Holdings ramped up its presence in the British insurance market on Wednesday with the purchase of a 30 percent stake in Hastings, driving the UK firm's shares to 2-1/ 2 month highs. RMI has a majority stake in OUTsurance, which offers motor and home insurance in Africa, Australia and New Zealand, and minority...

  • NEW YORK/ ZURICH, Dec 14- Switzerland's Actelion Ltd confirmed it was in talks about a "strategic transaction", with a report that Sanofi had filled the gap left after U.S. healthcare group Johnson& Johnson ended its takeover bid. Actelion's shares were indicated 3.7 percent lower on Wednesday after The Wall Street Journal, citing people familiar with the matter,...

  • SYDNEY, Dec 14- A group including private equity firm KKR and Macquarie Group Ltd on Wednesday offered up to A $7.3 billion to buy Australian lottery operator Tatts Group, threatening a takeover deal with Tabcorp Holdings Ltd.. The consortium, also including Morgan Stanley Infrastructure and First State Superannuation Scheme, has the advantage of not needing...

  • SYDNEY, Dec 14- A consortium advised by Macquarie Group Ltd on Wednesday offered up to A $7.3 billion to buy Australian lottery operator Tatts Group, threatening a takeover deal with Tabcorp Holdings Ltd. The consortium, including private equity giant KKR, has the advantage of not needing approval from the competition regulator, which is closely examining the...

  • MILAN/ PARIS, Dec 13- French tycoon Vincent Bollore has raised the stakes in a battle with Silvio Berlusconi's Mediaset by saying Vivendi could buy up to a fifth of the Italian broadcaster, stirring talk of a hostile takeover bid. On Monday the French firm had said it had 3 percent of Mediaset but aimed to raise that to 20 percent as part of plans to expand in southern...

  • MILAN/ PARIS, Dec 13- French tycoon Vincent Bollore has raised the stakes in a battle with Silvio Berlusconi's Mediaset by saying Vivendi could buy up to a fifth of the Italian broadcaster, stirring talk of a hostile takeover bid. The French company on Monday had said it had 3 percent of Mediaset but aimed to raise that to 20 percent as part of plans to expand in...

  • MILAN/ LONDON, Dec 13 (Reuters)- European shares rose on Tuesday, helped by a rally in Italy's biggest bank UniCredit on plans to bolster its balance sheet, while takeover speculation allowed Mediaset to make its best one-day gain ever. Mediaset surged 31.9 percent, the biggest gainer in Europe, after French media group Vivendi said it owned a 3 percent stake in the...

  • By Agnieszka Flak and Gwénaëlle Barzic. MILAN/ PARIS, Dec 13- French tycoon Vincent Bollore has raised the stakes in a battle of nerves with Silvio Berlusconi's Mediaset by saying Vivendi could buy up to a fifth of the Italian broadcaster, stirring talk of a hostile takeover bid. Vivendi, led by chairman and biggest shareholder Bollore, now owns 3 percent of...

  • LONDON, Dec 13- Italian banks surged in choppy trading on Tuesday, supported by Unicredit's latest efforts to bolster its balance sheet and a surge in Mediaset on takeover speculation. Italy's banking index rose more than 3 percent, helped by a 7 percent rise in UniCredit after it unveiled plans to raise 13 billion euros in the country's biggest share issue.

  • MILAN, Dec 13- Shares in Italian broadcaster Mediaset jumped more than 20 percent on Tuesday on the expectations of a possible hostile takeover bid by French media group Vivendi, which has declared it wants to build a 20 percent stake in Mediaset. Vivendi, led by chairman and biggest shareholder Vincent Bollore, said on Monday that it now owns 3 percent of Mediaset...

  • COPENHAGEN, Dec 13- The acquisition of German shipping company Hamburg Süd will replace some 60 percent of revenue lost when A.P. The energy division, which includes exploration and production, tankers and drilling, made up a quarter of Maersk's revenue last year, around $9.8 billion. "We intend to replace that lost turnover quickly through organic and...

  • Large listed deals have been lapsing: Dealreporter

    Lucinda Guthrie, deputy global editor at Dealreporter, takes a look at how M&A has performed in 2016, and where M&A activity is heading in the future.

  • PARIS, Dec 12- Private equity firm AnaCap Financial Partners said on Monday it had signed an agreement with Barclays to acquire its French retail banking business after the bank completed consultations with employees. AnaCap Financial Partners said it aims to build a leading independent wealth manager in France, relaunch mortgage lending, improve digital...

  • *UniCredit to book 2.2 bln euros net capital gain. PARIS, Dec 12- French fund management company Amundi is to buy asset manager Pioneer from Italian bank UniCredit for 3.55 billion euros, and will finance the deal with a debt and equity issue. For Amundi, which is majority owned by French bank Credit Agricole, the acquisition of Pioneer will strengthen its...

  • LONDON, Dec 11- A major shareholder in British pay-TV company Sky will vote against Twenty-First Century Fox's $14 billion takeover bid, the investor told Reuters on Sunday, while another said it is unhappy about the offer. The deal would give Fox control of a pay-TV network spanning 22 million households in Britain, Ireland, Austria, Germany and Italy.

  • LONDON, Dec 11- A major shareholder in British pay-TV Sky told Reuters on Sunday that it would vote against a takeover bid from Rupert Murdoch's Twenty-First Century Fox as the offer was too low. On Friday, Rupert Murdoch's Fox made an offer of 10.75 pounds a share in cash, backed by Sky's independent directors, in its second attempt to buy the 61- percent of the firm...