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Mergers and Acquisitions Acquisitions

  • NEW YORK, Dec 21- Private equity firm Berkshire Partners LLC said on Wednesday it would acquire a significant minority stake in Kendra Scott Design Inc, in a deal that sources said values the Austin, Texas- based jewelry company at more than $1 billion. Scott's jewelry, much of which is priced under $100, has been worn by celebrities such as Sofia Vergara and Mindy...

  • *Actelion, J&J say in exclusive talks. ZURICH/ FRANKFURT, Dec 21- Swiss biotech company Actelion has turned back to prospective bidder Johnson& Johnson for exclusive talks about a "strategic transaction", in an about-turn that appears to sideline rival suitor Sanofi. The French company has signalled it remained keen to make a takeover deal after being trumped in...

  • ZURICH, Dec 21- The takeover battle surrounding Actelion heated up on Wednesday when the Swiss biotech company said it had begun exclusive talks with former suitor Johnson& Johnson about a "strategic transaction". The announcement could dash the hopes of French drugmaker Sanofi, which has been circling Actelion and which had making good progress in its...

  • NEW YORK, Dec 20- The surprise selection of Michel Vounatsos to run Biogen Inc signals a shift toward a more commercial management focus after years of targeting ambitious scientific gains, and likely keeps the U.S. biotech in play as a takeover target. Vounatsos joined Biogen as chief commercial officer in April after 20 years leading various commercial...

  • The Justice Department said it approved the deal on condition that AMC and Carmike divest theaters in 15 markets and take steps to ensure that National Cinemedia and Screenvision, the two companies that make and sell pre-show advertising entertainment, remain viable. The Justice Department expressed two concerns over the merger. The first had to do with loss...

  • BRUSSELS, Dec 20- The European Commission has charged Facebook Inc with providing misleading information during its takeover of the online messaging service WhatsApp, opening the company to a possible fine of 1 percent of its turnover. However, the statement of objections sent to Facebook will not affect the EC's approval of the $22 billion merger in 2014, the...

  • PARIS, Dec 20- French oil and gas major Total said on Tuesday it will buy a 23 percent stake in Tellurian Investments, a private U.S. gas projects operator, for $207 million as it pursues its drive to secure more downstream gas market share. Total, which is paying $5.85 a share for the stake, and Tellurian will jointly develop an integrated gas project, from producing...

  • WASHINGTON, Dec 20- AMC Entertainment Holdings has won U.S. antitrust approval to buy smaller Carmike Cinemas Inc in a $1.2 billion deal that would create the biggest U.S. movie chain. The Justice Department announced on Tuesday that it approved the deal on condition that AMC and Carmike divest theaters in 15 markets and sell most of its holdings in National...

  • Dec 20- Drugmaker Allergan Plc said on Tuesday it would buy LifeCell, a regenerative medicine unit owned by privately held Acelity LP Inc, for $2.9 billion in cash, bringing the number of deals it has made this year to an even dozen. Allergan Chief Executive Brent Saunders has described the company's acquisition strategy as being one of "stepping stones."

  • Dec 20- Allergan Plc said it would buy LifeCell, a regenerative medicine unit owned by privately held Acelity LP Inc, for $2.9 billion in cash. The acquisition will add LifeCell's dermal matrix products to Allergan's portfolio of medical aesthetics, breast implants and tissue expanders. Acellular dermal matrices are commonly used in breast reconstruction...

  • *Suez shares top performer on Paris' SBF-120. PARIS, Dec 20- Shares in French utility Suez climbed on Tuesday after business radio station BFM reported that Engie- which already owns 33 percent of Suez- was examining a full takeover bid. BFM reported that Engie's chief executive, Isabelle Kocher, had been lobbying leading French conservative and centre-right...

  • *Suez shares top performer on Paris' SBF-120 market. PARIS, Dec 20- Shares in French utility Suez climbed on Tuesday after business radio station BFM reported that Engie- which already owns 33 percent of Suez- was examining a full takeover bid for it. Suez shares rose by around 4 percent, making them the top-performing stock on France's SBF-120 equity index, which was...

  • Dec 19- Delta Air Lines Inc, which has expanded its own operations in the Pacific Northwest, will end its codeshare agreement next year with Alaska Air Group Inc, which is acquiring Virgin America Inc, Delta said on Monday. Delta and Alaska codeshare on only a small number of flights as Delta's growth in Seattle has reduced the need for codeshare flying, the company...

  • *Idemitsu buys 31.3 pct Showa Shell. TOKYO, Dec 19- Idemitsu Kosan Co said on Monday it completed the purchase of just under a third of rival refiner Showa Shell Sekiyu KK, cutting the amount of shares it planned to buy after facing opposition from Idemitsu's founding family. Idemitsu had planned to buy 33.3 percent of Showa Shell from Royal Dutch Shell before...

  • BEIJING/ DUBAI, Dec 19- Privately-run CEFC China Energy is in advanced talks to secure a stake to develop onshore oilfields in the United Arab Emirates under a 40- year deal, two industry sources with knowledge of the discussions said on Monday. CEFC is in discussions with state-owned Abu Dhabi National Oil Co. to try to acquire 10 percent of the Abu Dhabi Company...

  • Merge and Acquisition

    Toronto-based insurance group Fairfax Financial has agreed to buy Swiss insurer Allied World Assurance for $4.9 billion in cash and stock.

  • PARIS, Dec 19- Iran has finalised an agreement with Airbus to acquire 100 jetliners, the first of which is tentatively expected to be delivered in mid-January, a senior official said on Monday. Iran, which last week finalised a parallel deal with Boeing for 80 jets, has reached agreements with foreign leasing firms to finance a total of 77 aircraft, including 42 from...

  • Dec 18- Toronto- based insurance group Fairfax Financial Holdings Ltd has agreed to buy Swiss insurer Allied World Assurance Company Holdings AG for $4.9 billion in cash and stock, the companies said on Sunday. Fairfax will pay owners of Allied World $54 per share- $10 in cash and $44 in Fairfax stock. Allied World would operate "on a decentralized basis" within the...

  • The offer with dividend amounted to $54 per share for Allied World, or an 18 percent premium above the insurance company's closing price on Friday, the release said.

  • HONG KONG, Dec 18- China Vanke Co Ltd, the mainland's biggest property company by sales, said on Sunday it was terminating a key agreement to acquire a property development arm of Shenzhen Metro Group after it failed to get the approval of some of its major shareholders. Fearing a hostile takeover attempt by Baoneng, Vanke announced in June it had agreed to buy the...