Mergers and Acquisitions Acquisitions

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  • MILAN, March 10- Italian coffee maker Lavazza sees revenues reaching as much as 1.7 billion euros this year, up nearly 20 percent on 2015, after the purchase of French brand Carte Noire, it said on Thursday. The Turin- based group said it had finalised the acquisition of Carte Noire to become the market leader for coffee in France, confirming what sources told...

  • MEXICO CITY, March 9- Oil companies have paid Mexico's oil regulator nearly $80 million for seismic data ahead of an auction for deep water fields, suggesting robust interest in the tender despite a lasting slump in the price of crude. Company executives say the sum reflects only a fraction of their spending in the past year to acquire geological data ahead of the...

  • BRUSSELS, March 8- European Union antitrust enforcers have resumed their investigation into U.S. oilfield services provider Halliburton Co's proposed takeover of Baker Hughes and will decide by July 11 whether to approve the $35 billion deal. The European Commission, which halted the investigation on Feb. 18, said it had received further information from...

  • RIO DE JANEIRO/ MELBOURNE, March 7- Iron ore rivals Vale SA and Fortescue Metals Group said on Monday they were in talks that could lead to Brazil's Vale buying a minority stake in Australia- based Fortescue as well as working together to blend iron ore for China. Fortescue Chief Executive Nev Power told reporters the non-binding agreement could see Vale acquire...

  • *Old Mutual to update on strategic review on March 11. Sky News reported on Saturday the 9 billion pound company was working on a plan to split itself up and that this could trigger a takeover battle for its operations which include banking, insurance and asset management. Private equity firms Cinven and Warburg Pincus have tabled a multi-billion pound joint...

  • *Foxconn says CEO Gou at Sharp meeting in Bangkok. TAIPEI/ TOKYO, March 7- Talks for Taiwan's Foxconn to acquire a majority stake in Japan's Sharp Corp are "on the right track," people familiar with the matter said on Monday, after a last-minute hitch over contingent liabilities caused delays last month. Terry Gou, chief executive of Foxconn, is in Bangkok to...

  • MADRID, March 4- Mexican billionaire Carlos Slim's holding company Inversora Carso said on Friday it would launch a full takeover bid for Spanish building and infrastructure company FCC at a price of 7.60 euros per share. Inversora Caros, which already owned 27.4 percent of FCC said its stake had increased to 36.6 percent after it bought into a 709.5-...

  • 4 stocks, 4 trades: AMBA, AMC, HP, NMBL

    Ambarella cuts guidance, AMC to buy Carmike, HP tops estimates, Nimble shares fall.

  • March 3- AMC Entertainment Holdings will acquire Carmike Cinemas Inc in a deal valued at about $1.1 billion, including debt, making the combined company the largest U.S. theater chain. Chinese property and investment firm Dalian Wanda Group had acquired AMC Entertainment for $2.6 billion in 2012.. Dalian Wanda Group also agreed to acquire a majority stake in...

  • BOSTON, March 3- Northern Trust Corporation is beefing up its alternative assets business by buying hedge fund of funds manager Aurora Investment Management, the trust bank said. The deal will unite Chicago based Aurora, which had been owned by Natixis Global Asset Management and oversees roughly $5.7 billion, with its cross-town neighbor, Northern Trust's 50...

  • March 2- General Electric Co said it would sell its India commercial lending and leasing businesses to a consortium of former GE Capital executives and Aion Capital Partners as it looks to trim itself and focus on its industrial businesses. Aion has partnered with former GE Capital executives Pramod Bhasin and Anil Chawla for the acquisition.

  • March 2- U.S. drug distributor McKesson Corp said it would buy drugstore chain Rexall Health from Katz Group for C $3 billion to strengthen its position in Canada's pharmaceutical supply chain. Under the deal, which will be funded by a mix of cash and debt, McKesson will gain access to about 470 retail pharmacies, and the acquisition should help leverage its...

  • March 2- Drug distributor McKesson Corp said it would buy Rexall Health from Katz Group for C $3 billion to strengthen its position in Canada's pharmaceutical supply chain. As part of the transaction, McKesson intends to buy Rexall Health's business, including about 470 retail pharmacies, McKesson said. The acquisition, which will be funded by a mix of cash and...

  • *$1.6 bln price tag lower than expectations of $3- 3.5 bln. *Sale may help it gain regulatory approval from Beijing. HONG KONG/ LONDON, March 2- China Resources Beer has agreed to buy SABMiller's stake in their CR Snow venture for a less-than-expected $1.6 billion, removing another regulatory obstacle to the London- based brewer's takeover by Anheuser-Busch InBev.

  • *CME also considering bid for LSE- Bloomberg. March 1- New York Stock Exchange owner ICE said it may make a rival bid for London Stock Exchange, raising the prospect of a takeover battle with Deutsche Boerse and lifting LSE shares to a record high on Tuesday. LSE Chief Executive Xavier Rolet has been one of the most vocal advocates of consolidation.

  • *CME also considering bid for LSE- Bloomberg. March 1- New York Stock Exchange owner ICE said it may make a rival bid for London Stock Exchange, raising the prospect of a takeover battle with Deutsche Boerse and lifting LSE shares to a record high on Tuesday. Atlanta- based Intercontinental Exchange Inc said it had not yet approached LSE and may not pursue a deal at all,...

  • The acquisition is being announced during the RSA security conference in San Francisco and expected to close later this year subject to regulatory review. IBM said it intends to retain the roughly 100 employees working at Resilient Systems, including Chief Executive Officer John Bruce, a former vice president at Symantec, and Chief Technology Officer Bruce...

  • *Option to buy voting rights from Dieter Manz. FRANKFURT, Feb 28- Chinese power and electrical group Shanghai Electric has agreed to buy at least a quarter of German technology group Manz in a deal that could lead to a full takeover offer, Manz said on Sunday. So far this year ChemChina has agreed to buy German industrial machinery maker KraussMaffei for $1 billion,...

  • Feb 26- U.S. industrial conglomerate United Technologies on Friday rejected a $90.7 billion offer by rival aerospace supplier Honeywell International Inc, saying that pursuing a merger would be "irresponsible" toward its shareholders. United Tech's filing came hours after Honeywell spelled out the details of its $90.7 billion offer to acquire United Tech,...

  • *CEOs of Sharp, Foxconn meeting in China- source. TOKYO/ TAIPEI, Feb 26- Sharp Corp and Foxconn agreed on Friday to extend a deadline for takeover talks by 1-2 weeks, a person familiar with the matter said, after the Taiwanese firm had put the deal on hold to clarify "new material information." Shares in Sharp slid 11 percent on Friday after sources said the delay was over...