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Mergers and Acquisitions Acquisitions

  • A combination would be the third-biggest takeover in history and the largest acquisition of a UK- based company, according to Thomson Reuters data, triggering British fears over jobs. It would bring together some of the world's best known brands, from toothpaste to ice creams, and combine Kraft's strength in the U.S. with Unilever's in Europe and Asia.

  • *Unilever says $50/ shr bid too low. LONDON, Feb 17- Unilever rejected a surprise $143 billion takeover bid from U.S. food company Kraft Heinz Co on Friday, saying it saw no reason to discuss a deal which it said had no financial or strategic merit. A combination of the two multinationals would be the third-biggest takeover in history and the biggest ever acquisition...

  • FRANKFURT, Feb 17- German generic drugs company Stada has received a new takeover approach which values it at 3.6 billion euros, raising the stakes in a three-way bidding war and pushing its shares to a new record. Two people familiar with the matter identified the new bidder on Friday as buyout group Bain Capital. The company said earlier this week that buyout...

  • *New offer values Stada at 3.6 bln eur. FRANKFURT, Feb 16- German generic drugs company Stada said on Thursday it had received its third takeover approach, and at 58 euros per share, the latest offer was two euros higher than rival suitor Cinven Partners' offer. Private equity firm Advent International was the second prospective bidder though a price has not been...

  • *German, UK officials say reassured on jobs after GM contacts. *UK union says no assurances yet, seeks PSA meeting. LONDON/ FRANKFURT, Feb 16- Germany expects PSA Group's proposed acquisition of General Motors' Opel business to go ahead, a minister said on Thursday, after the U.S. carmaker sought to allay fears of large-scale plant closures.

  • Feb 16- Duke Energy Corp, the biggest U.S. power company by generation capacity, posted a quarterly loss, stemming from the sale of its international business last year. Net loss attributable to the Duke Energy was $227 million, or 33 cents per share, in the fourth quarter ended Dec. 31, compared with a profit of $477 million, or 69 cents per share, a year earlier.

  • MUNICH, Feb 16- Infineon signalled on Thursday that its $850 million purchase of Cree's Wolfspeed Power may collapse because of unspecified U.S. government security concerns. Infineon Chief Executive Officer Rheinhard Ploss told the chipmaker's annual shareholder meeting there was "a very significant risk that we will not be able to complete the takeover...

  • In separate rulings, federal judges struck down both deals as anticompetitive, at the request of the Justice Department. Cigna also filed a lawsuit in Delaware, seeking legal sanction for its decision to end the deal and approval for $13 billion in damages for its shareholders who did not receive the takeover premium. Anthem's lawsuit, which was also filed in...

  • Feb 15- Verizon Communications Inc has tentatively reached a revised deal that would lower by about $250 million the price to acquire Yahoo Inc's core internet business, Bloomberg reported on Wednesday. Verizon's deal to buy Yahoo's assets, including its digital advertising, email and media assets, was worth $4.83 billion when it was first announced.

  • Cigna also filed a lawsuit in Delaware, seeking legal sanction for its decision to end the deal and approval for $13 billion in damages for its shareholders who did not receive the takeover premium. President Donald Trump and Republicans have vowed to repeal and replace Obamacare, the national healthcare reform law that created new individual insurance and...

  • Cigna also filed a lawsuit in Delaware on Tuesday, seeking legal sanction for its decision to end the deal and approval for $13 billion in damages for its shareholders who did not receive the takeover premium. Anthem in its lawsuit, which was also filed in Delaware, is seeking a temporary restraining order to prevent Cigna from ending the deal, arguing there is...

  • *Hologic to pay $66 per Cynosure share. Feb 14- Hologic Inc said on Tuesday it would acquire medical aesthetics company Cynosure Inc for $1.65 billion as it looks to capitalize on an increase in medical procedures that are not traditionally reimbursed. Much of aesthetics is not subject to reimbursement risks, making it less cyclical, William Blair analyst...

  • *Hologic to pay $66 per Cynosure share. Feb 14- Hologic Inc said on Tuesday it would acquire medical esthetics company Cynosure Inc for $1.65 billion as it looks to capitalize on an increase in medical procedures that are not traditionally reimbursed. Much of esthetics is not subject to reimbursement risks, making it less cyclical, William Blair analyst...

  • *Opel business has struggled for profitability. For PSA, owner of the Peugeot, Citroen and DS brands, acquiring GM's Opel and Vauxhall brands would give it a 16.3 percent share of the European passenger car market, vaulting it into second place in the region, ahead of French rival Renault SA and behind Germany's Volkswagen AG. Germany's industrial union IG Metall...

  • *Opel business has struggled for profitability. In separate statements, GM which owns the Vauxhall and Opel brands, and the maker of Peugeot, Citroen and DS cars said they were looking at a number of "strategic initiatives" with the aim of increasing profitability and operating efficiency, including through a potential acquisition of Opel.

  • *Opel business has struggled for profitability. The maker of Peugeot, Citroen and DS cars is "exploring a number of strategic initiatives with GM with the aim of increasing its profitability and operating efficiency, including a potential acquisition of Opel," a spokesman said. Together, PSA and Opel would command a 16.3 percent share of the European car market...

  • The maker of Peugeot, Citroen and DS cars is "exploring a number of strategic initiatives with GM with the aim of increasing its profitability and operating efficiency, including a potential acquisition of Opel," a spokesman said. The confirmation came after sources told Reuters earlier on Tuesday that the two companies were in advanced discussions to combine...

  • LONDON, Feb 13- European shares gained on Monday as mining stocks touched a 2 1/ 2- year high on rising copper prices and mergers and acquisitions continued to drive shares, with takeover offers sending German drugmaker Stada to a record high. It led sectoral gainers in Europe as copper prices hit their highest in 20 months in heavy trade, driven up by supply worries...

  • FRANKFURT, Feb 13- Stada has invited rival suitors Cinven Partners and Advent International to the negotiating table, the German generic drugs and consumer care group said on Monday, after months of courtship. Stada's share price, inflated by persistent takeover speculation, and opposition from supervisory board chairman Carl Ferdinand Oetker, part of the...

  • Feb 13- The prospect of a bidding war drove shares in Stada 14 percent higher on Monday after the German drugmaker said it was weighing two takeover approaches, including one from private equity firm Cinven Partners which valued it at almost 3.5 billion euros. Cinven itself had been preparing a joint bid with Poland's unlisted Polpharma SA to combine the two...