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Mergers and Acquisitions Acquisitions

  • FRANKFURT/ WASHINGTON, Dec 2- President Barack Obama blocked a Chinese investment fund from acquiring the U.S. business of German semiconductor equipment maker Aixtron because the deal posed a risk to American national security, the Treasury Department said on Friday. In 2012, Obama ordered Ralls Corp, owned by China's Sany Group, to sell its interest in wind...

  • Dec 2- Aixtron SE's takeover by China's Fujian Grand Chip Investment Fund may soon be on the list of deals called off due to increased U.S. regulatory scrutiny. --China's Unisplendour Corp Ltd scrapped a $3.8 billion investment in Western Digital Corp after CFIUS said it would investigate the transaction. --China's Tsinghua Unigroup Ltd abandoned its offer to buy...

  • ZURICH, Dec 2- Actelion's silence speaks volumes to the dozens of event-driven hedge funds piling into the Swiss biotech firm, betting that Johnson& Johnson's approach will result in an outright takeover and handsome returns. A source familiar with the matter has told Reuters the two companies are discussing a bid of close to $27 billion, or 250 Swiss francs per...

  • FRANKFURT, Dec 2- Aixtron will have to take action to balance income and costs, including potential job cuts, if U.S. President Barack Obama blocks its takeover by China's Fujian Grand Chip Investment Fund. Last month, the Committee on Foreign Investment in the United States recommended that Aixtron's sale to the Chinese investment fund be stopped due to...

  • President Barack Obama about whether a takeover by China's Fujian Grand Chip Investment Fund could proceed, clouding the troubled German chip maker's outlook. Last month, the Committee on Foreign Investment in the United States recommended that Aixtron's sale to the Chinese investment fund be stopped due to security concerns. Aixtron shares were down 3.5...

  • CHICAGO, Dec 1- U.S. agricultural commodities trader Archer Daniels Midland Co has sold its 19.9 percent stake in GrainCorp Ltd to underwriters UBS just three years after a failed bid to wholly acquire the Australian grain handler, ADM said on Thursday. ADM's A $2.8 billion bid to buy Australia's largest listed grain handler was blocked by government...

  • Dec 1- Cummins Inc, a U.S. manufacturer of engines for large trucks, is preparing to explore the sale of a business that makes filters and coolants, potentially valuing it at more than $1.5 billion, according to people familiar with the matter. The move comes as weak heavy-duty truck production in North America and poor global demand for power generation equipment...

  • Dec 1- Parker-Hannifin Corp, which makes motion and control systems for the industrial and aerospace markets, said on Thursday it would buy air filtration systems maker Clarcor Inc for about $4.3 billion, including debt. Clarcor's strong presence in the United States and high percentage of recurring after-market sales would benefit Parker-Hannifin, the...

  • Twitter needs to clean up the platform: Chris Sacca

    Lowercase Capital Founder, Chris Sacca tells CNBC why he believes Twitter would be better if it was acquired.

  • Rockwell's shares were up 2.7 percent at $95.20 in extended trading on Wednesday, while B/E Aerospace was down 3.4 percent at $58.00. "We remain confident that the acquisition of B/E Aerospace will create significant value for our shareholders," a Rockwell spokeswoman said. In October, Rockwell Collins struck a deal to buy aircraft interior maker B/E Aerospace,...

  • Nov 30- Activist investor Starboard Value LP has acquired a stake in aircraft component maker Rockwell Collins Inc and is questioning its $6.4 billion purchase of B/E Aerospace Inc, a person familiar with the matter said on Wednesday. Starboard, Rockwell Collins and B/E Aerospace did not immediately respond to requests for comment. In October, Rockwell...

  • Nov 30- Takeda Pharmaceutical Co Ltd's negotiations to acquire Valeant Pharmaceuticals International Inc's Salix stomach-drug business have stalled over price disagreements, people familiar with the matter said on Wednesday. Shares of Valeant were down more than 8 percent at $15.71 on Wednesday after the Wall Street Journal reported that the talks had...

  • CHICAGO, Nov 29- Pilgrim's Pride Corp, the world's second-largest chicken producer, will buy smaller rival GNP Company in a $350 million deal that will increase its organic and antibiotic-free product offerings, the companies said on Tuesday. The sale comes after GNP, owned by privately held Maschhoff Family Foods, said in February that it planned to remove all...

  • LONDON, Nov 29- U.S. healthcare company Johnson& Johnson has raised its offer for Actelion, a source told Reuters on Tuesday, stepping up pressure on the Swiss biotech firm to accept a takeover deal. Actelion shares closed up 10 percent at 209 Swiss francs, just off a record high, following news of the higher offer. Actelion co-founder and Chief Executive Jean-Paul...

  • CHICAGO, Nov 29- Pilgrim's Pride Corp, the world's second-largest chicken producer, said on Tuesday it will buy smaller rival GNP Company in a $350 million deal that will increase its organic and antibiotic-free offerings. Pilgrim's shares were up 2.1 percent at $18.35 in afternoon trading, broadly in line with other meat producers such as Tyson Foods Inc..

  • MILAN/ LONDON, Nov 29 (Reuters)- European shares rose slightly on Tuesday, helped by a strong rebound in Italian banks, while reports of a improved takeover offer sent Swiss biotech Actelion rallying to a fresh all-time high. Italy's bank index rose 4.1 percent, helped by a Reuters report that the European Central Bank stands ready to buy more Italian bonds if a...

  • SAN FRANCISCO/ NEW YORK/ HONG KONG Nov 28- Canyon Bridge Capital Partners, a buyout fund that agreed to acquire U.S.-based chip maker Lattice Semiconductor Corp for $1.3 billion earlier this month, is funded partly by cash originating from China's central government and also has indirect links to its space program, Chinese corporate filings show.

  • SAN FRANCISCO/ NEW YORK/ HONG KONG Nov 28- Canyon Bridge Capital Partners, a buyout fund that agreed to acquire U.S.-based chip maker Lattice Semiconductor Corp for $1.3 billion earlier this month, is funded partly by cash originating from China's central government and also has indirect links to its space program, Chinese corporate filings show.

  • SAN FRANCISCO/ NEW YORK/ HONG KONG Nov 28- Canyon Bridge Capital Partners, a buyout fund that agreed to acquire U.S.-based chip maker Lattice Semiconductor Corp for $1.3 billion earlier this month, is funded partly by cash originating from China's central government and also has indirect links to its space program, Chinese corporate filings show.

  • ZURICH, Nov 28- Actelion Chief Executive Jean-Paul Clozel's desire to keep Europe's biggest biotech company independent after building it from scratch, means Johnson& Johnson will have to pay a steep premium if a takeover is to succeed. Analysts estimate a deal could be as high as 250 Swiss francs per share, valuing Actelion at around $26 billion, or $6 billion...