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Mergers and Acquisitions Acquisitions

  • *Deal brings together Newport, Kent and Pall Mall brands. LONDON, Oct 21- British American Tobacco has offered to buy U.S. tobacco company Reynolds American Inc in a $47 billion deal that would bring together Newport, Kent and Pall Mall cigarettes in the world's biggest listed tobacco company. The British group, which has a 42 percent stake in Reynolds, said its offer...

  • A pile of Benson & Hedges Gold cigarettes, produced by British American Tobacco Plc.

    British American Tobacco has offered to buy Reynolds American Inc. in a $47 billion cash-and-stock deal.

  • LONDON, Oct 21- British American Tobacco has offered to buy U.S. tobacco company Reynolds American Inc in a $47 billion deal that would bring together Newport, Kent and Pall Mall cigarettes in the world's biggest listed tobacco company. The British group, which has a 42 percent stake in Reynolds, said its offer valued the company's shares at $56.50, of which $24.13...

  • LONDON, Oct 21- British American Tobacco has offered to buy U.S. tobacco company Reynolds American Inc in a $47 billion deal bringing together Newport, Kent and Pall Mall cigarettes to create the U.S. market leader. The British group, which has a 42 percent stake in Reynolds, said its offer valued the company's shares at $56.50, of which $24.13 would be in cash and...

  • Carlos Ghosn, chairman and chief executive officer of Renault and Nissan Motor, left, shakes hands with Osamu Masuko, chairman and chief executive officer of Mitsubishi Motors, as they pose for a picture a during a news conference in Tokyo, Japan, on Thursday, Oct. 20, 2016.

    Nissan CEO, Carlos Ghosn, outlined to CNBC how he planned to help Mitsubishi Motors rebuild its image, following its most recent scandal.

  • NEW YORK, Oct 20- Bullish options on Varian Medical Systems Inc stock saw unusually heavy buying on Thursday before the shares spiked on an unsubstantiated report that General Electric could be in talks with the medical devices company about a possible takeover. Roughly 2,100 Varian Medical Systems call contracts betting on the shares rising above $100 by...

  • Oct 20- BNY Mellon Corp, the world's largest assets custodian, could be in the hunt for an acquisition to build its investment management arm, which analysts said could benefit from an exchange-traded fund provider to retail investors. Kyle Sanders, an equity analyst at Edward Jones, said the bank may expand its reach with ETFs, adding that there will be no shortage...

  • *Reports 4th- qtr adj. profit of $1.07/ shr vs est. Forecasts FY adj. profit of $4.85- $5.20/ shr, includes Rite Aid. The No. 1 U.S. drugstore operator by store count said it expected to divest the 500-1,000 stores it needs to shed to win approval for the $9.4 billion acquisition by the end of 2016, and now expects the deal to close on Jan. 27.

  • TOKYO, Oct 20- Nissan Motor Co Ltd said on Thursday it had completed a deal to take a controlling stake in Mitsubishi Motors Corp, and would be retaining the embattled automaker's chief executive in a bid to help it recover from a mileage cheating scandal. Japan's No. 2 automaker has agreed to make a 237 billion yen investment to acquire 34 percent of Mitsubishi...

  • The company said in October last year it would acquire Rite Aid for $9.4 billion to widen its footprint in the United States and negotiate for lower drug costs, but doubts have been cast on whether Kroger Co would proceed with buying the divested stores. Net income attributable to Walgreens rose to $1.03 billion, or 95 cents per share, in the fourth quarter ended...

  • TOKYO, Oct 20- Nissan Motor Co Ltd said on Thursday it had completed a deal to take a controlling stake in Mitsubishi Motors Corp, and would be retaining the embattled automaker's chief executive to ensure its recovery from a mileage cheating scandal. Japan's No. 2 automaker has agreed to make a 237 billion yen investment to acquire a 34 percent stake in Mitsubishi...

  • Oct 19- Brand licensors Authentic Brands Group LLC and Iconix Brand Group Inc are among several companies that have expressed interest in acquiring American Apparel LLC, the U.S. teen clothing retailer known for its sexually charged advertising, people familiar with the matter said. Negotiations could lead to American Apparel filing for bankruptcy for the...

  • Oct 18- Blackstone Group LP is the lead bidder to acquire Team Health Holdings Inc, the U.S. hospital staffing provider that has been the target of activist funds, including Jana Partners LLC, according to people familiar with the matter. Blackstone acquired Team Health from a consortium of investors that included Madison Dearborn Partners LLC in 2005, and...

  • ZURICH, Oct 18- One of Europe's most bitter takeover battles is set to enter a key stage soon when a court rules if the founding family of Swiss chemicals maker Sika can sell control to French rival Saint-Gobain. Investors see the ruling, due by the end of this year, as a test of minority shareholders' rights in Switzerland. The takeover battle began in 2014 when...

  • PARIS, Oct 17- PSA Group, the maker of Peugeot, Citroen and DS cars, said on Monday it was buying a stake in a French online second-hand car retailer as it expands into new areas of business. The deal will unlock "strong growth potential in a second-hand market that is twice the size of the new car market, but where we currently have little presence," said Marc Lechantre,...

  • 57 percent of firms looking at M&As: EY

    Steve Krouskos, global vice chair of transaction advisory services at EY, says that deal activity is on the rise, despite political nationalism and uneven growth geographically.

  • FRANKFURT, Oct 15- Leading German car industry manufacturer Continental on Saturday announced it had bought Hornschuch, a maker of films, foam laminates and artificial leather for cars and other applications, to help it expand into other industry sectors. Based in Weissbach, it has 1,800 employees and manufactures at four sites in Germany and the United States.

  • *Trafigura hires traders to form new oil desk in Mumbai. NEW DELHI/ SINGAPORE, Oct 14- A group led by Russian oil major Rosneft will acquire India's Essar Oil in a $12 to $13 billion deal including debt, two sources privy to the deal said, strengthening the ties between the world's largest oil producer and the world's fastest growing fuel consumer.

  • LONDON, Oct 14- Man Group, the world's biggest listed hedge fund, announced a rise in third-quarter assets under management, an acquisition and plans to buy back $100 million of shares, sending its stock as much as 17 percent higher on Friday. Man said it had $80.7 billion of assets under management at the end of September, up from $76.4 billion at the end of June and...

  • This is a sign Man Group is ready to go for acquisitions: Reporter

    CNBC's Gemma Acton reports on Man Group's strong third-quarter performance and says it has been a tough year for the asset manager.