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Mergers and Acquisitions Acquisitions

  • JERUSALEM, March 29- Bank of Israel Governor Karnit Flug urged the government to use excess tax revenues to invest in infrastructure and education, rather than cutting taxes further. Israel's tax revenues have been higher than expected over the past year and stand to get a 4 billion shekel boost from capital gains tax if Intel's planned $15.3 billion takeover...

  • March 29- Brokerage Cowen Group Inc's shares surged 19 percent on Wednesday after Chinese conglomerate CEFC China said it agreed to acquire a stake of about 20 percent in the U.S. company for $100 million. The deal, the latest in a series of investments by Chinese firms in U.S. companies, will also give the CEFC the right to appoint three directors to the New York-...

  • March 29- Chinese conglomerate CEFC China said on Wednesday it would acquire an about 20 percent stake in U.S. brokerage Cowen Group Inc for about $100 million. CEFC China has also agreed to provide Cowen with $175 million in debt financing, the companies said. CEFC will pay $18 for each Cowen Class A share, representing a 29.5 percent premium to the stock's Tuesday...

  • WASHINGTON, March 28- Euronet Worldwide Inc ramped up its fight against China's Ant Financial Services Group in trying to acquire MoneyGram International Inc, urging the U.S. government to closely scrutinize the rival Chinese bid saying it raises "significant national security risks." The bidding war comes at a time of rising tensions between China and the...

  • *Executives see scope to lure Middle East shoppers online. DUBAI, March 28- Souq.com will expand its workforce and operations after Amazon clinched a deal to buy 100 percent of the Middle East online retailer, executives from both firms said. Amazon and Souq.com said earlier on Tuesday they had agreed on the takeover, despite an eleventh-hour bid by Dubai...

  • *Executives see scope to lure Middle East shoppers online. DUBAI, March 28- Souq.com will expand its workforce and operations after Amazon clinched a deal to buy 100 percent of the Middle East online retailer, executives from both firms said. Amazon and Souq.com said earlier on Tuesday they had agreed on the takeover, despite an eleventh-hour bid by Dubai...

  • *Executives see scope to lure Middle East shoppers online. DUBAI, March 28- Souq.com will expand its workforce and operations after Amazon clinched a deal to buy 100 percent of the Middle East online retailer, executives from both firms said. Amazon and Souq.com said earlier on Tuesday they had agreed on the takeover, despite an eleventh-hour bid by Dubai...

  • DUBAI, March 28- Amazon.com has agreed to buy Middle East online retailer Souq.com, thwarting a last-minute bid by Dubai billionaire Mohamed Alabbar's Emaar Malls. In a deal document seen by Reuters, Goldman said the acquisition would accelerate Amazon's entry into "attractive Middle East countries with significant growth potential given e-commerce only...

  • On the lookout for machine learning acquisition

    Twitter CEO Jack Dorsey tells CNBC about his payment business Square - launching in the U.K. Tuesday - and how artificial intelligence can play a role.

  • LONDON, March 28- British housebuilder Redrow said on Tuesday it did not intend to make an offer to buy fellow builder Bovis just over two weeks after its approach was rejected as too low. Bovis, whose CEO quit in January following a profit warning resulting from a failure to build enough homes on time, has been subject to takeover speculation since a major...

  • March 27- Bank holding company Home BancShares Inc said it would acquire regional lender Stonegate Bank in a cash-and-stock deal valued at about $778.4 million. Florida- based Stonegate will merge into Home BancShares' unit, Centennial Bank. Stonegate shareholders will receive proceeds of about $749.8 million, which consists of about $50 million in cash and...

  • March 27- The owner of Ferrocarril Mexicano, Mexico's largest railroad operator, is nearing a deal to acquire Florida East Coast Railway for more than $2 billion, including debt, people familiar with the matter said on Monday. The acquisition would come at a sensitive time for relations between the United States and Mexico, following a pledge by U.S.

  • March 27- The owner of Ferrocarril Mexicano, Mexico's largest railroad operator, is nearing a deal to acquire Florida East Coast Railway for more than $2 billion, including debt, people familiar with the matter said on Monday. Grupo Mexico has prevailed in an auction for Florida East Coast Railway and is now negotiating final terms with the U.S. regional...

  • AMSTERDAM, March 24- A team of executives from U.S. paint maker PPG left the Netherlands on Friday without meeting their counterparts at Akzo Nobel during a two-day charm offensive to win support for their proposed takeover of their Dutch rival. Akzo Nobel shares were down 0.1 percent at 77.84 euros on Friday afternoon, well below the 89.6 euros implied by PPG's...

  • JOHANNESBURG, March 24- South Africa's Capitec Bank has purchased a 40 percent stake in Latvia's Creamfinance for 21 million euros, the lender said on Friday, its first acquisition outside its home market. Capitec has grown from a startup to a bank of nearly 8 million clients within 15 years in a banking sector long dominated by Barclays Africa Group, Standard...

  • March 24- Canyon Bridge Capital Partners LLC, the China- backed buyout fund that agreed to acquire Lattice Semiconductor Corp in November for $1.3 billion, has resubmitted the deal for U.S. government review, three people familiar with the matter said. The move comes after the Committee on Foreign Investment in the United States, a government panel which reviews...

  • SINGAPORE/ SEOUL, March 24- A little-known South Korean group is in advanced talks to acquire a stake in AirAsia Bhd's aircraft leasing unit, according to three people familiar with the matter. Two of the people said a deal would value AirAsia's fully-owned unit, Asia Aviation Capital, at roughly $900 million. A successful deal would mark South Korea's biggest...

  • PARIS, March 23- Anglo American's diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVMH in De Beers Diamond Jewellers for an undisclosed amount, taking full ownership of the retail operation. "More fully integrating the De Beers Diamond Jewellers brand and store network will enable us to deliver an even more...

  • CNBC's Gemma Acton updates on the shareholder reaction to PPG's takeover bid for Dutch paint maker AkzoNobel.

  • discontent among shareholders on AkzoNobel

    CNBC's Gemma Acton updates on discontent among shareholders in AkzoNobel over a potential takeover from PPG.