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Mergers and Acquisitions Acquisitions

  • May 18- The head of the U.S. House Armed Services Committee introduced legislation on Thursday to cut cost overruns at the Pentagon by overhauling the way it buys everything from common off-the-shelf goods to services and intellectual property. Representative Mac Thornberry, a Texas Republican, told reporters, "if you're buying office supplies, you ought to be...

  • LONDON, May 18- British wholesaler Booker still expects its 3.7 billion pound takeover by Tesco to be completed by early 2018 at the latest, it said after reporting annual results on Thursday, despite regulatory hurdles that analysts said could make the timetable optimistic. Though the companies announced the deal in January, Britain's Competition& Markets...

  • BRUSSELS, May 18- European Union antitrust regulators fined Facebook 110 million euros on Thursday for giving misleading information during a vetting of its deal to acquire messaging service WhatsApp in 2014.. Calling it a "proportionate and deterrent fine," the European Commission, which acts as the EU's competition watchdog, said Facebook had said it could...

  • LONDON, May 18- Booker, the British wholesaler that has agreed a $4.8 billion takeover by Tesco, said it still expected the deal to complete by early 2018 at the latest as it reported a 15 percent rise in annual profit. The two sides announced the combination in January and although both companies are currently engaging with Britain's Competition and Markets...

  • LONDON, May 18- Booker, the British wholesaler that has agreed to a 3.7 billion pound takeover by Tesco, on Thursday reported a 15 percent rise in annual profit, reflecting progress across the catering and retail supply sides of the business. It said it made a pretax profit of 174 million pounds in the year to March 24. "We are continuing to assist the UK competition...

  • LONDON, May 17- Britain has sold its last remaining stake in Lloyds Banking Group, making the lender the first to re-emerge from British state ownership in a symbolic step for the country's recovering banking sector. This involved Lloyds, Britain's biggest retail lender, being rescued after an ill-fated government-brokered takeover of rival HBOS.

  • LONDON, May 16- Britain is set to sell its remaining stake in Lloyds Banking Group on Wednesday, making the lender the first to re-emerge from British state ownership in a symbolic step for the country's recovering banking sector. This involved Lloyds, Britain's biggest retail lender, being rescued after an ill-fated government-brokered takeover of rival...

  • LONDON, May 16- Spain's Euskaltel said on Tuesday it had bought Telecable from Britain's Zegona for 701 million euros to create northern Spain's leading integrated telecoms operator. Zegona, set up to invest in European technology, media and telecoms companies, bought Telecable in 2015. "When we acquired Telecable in 2015, we identified the opportunity for...

  • Investment in energy sector has been opportunity driven: DCC CEO

    DCC CEO Tommy Breen speaks about his company's double-digit growth and its acquisition of companies in certain business sectors.

  • JOHANNESBURG, May 15- UK- based telecoms group Vodafone moved to consolidate two of its African interests on Monday with the transfer of a 35 percent stake in Kenya's Safaricom to majority-owned South African subsidiary Vodacom. The 34.6 billion-rand deal, structured as an acquisition of the stake by Vodacom in return for new shares, is the latest move by...

  • TORONTO, May 12- PrivateBancorp shareholders on Friday voted to approve a C $4.9 billion purchase by Canadian Imperial Bank of Commerce, ending an 11- month takeover saga. CIBC, which is the most domestically focused of Canada's largest banks, has coveted a major U.S. acquisition to diversify from its home market. CIBC has the largest exposure among Canada's...

  • CALGARY, Alberta, May 11- Enbridge Inc, North America's largest energy infrastructure company, said on Thursday it may acquire more assets and forecast a rise in adjusted earnings this year following its purchase of Spectra Energy Corp.. Calgary, Alberta- based Enbridge, which reported a lower-than-expected profit for the first quarter on Thursday, said it...

  • The $2.1 billion facility comprises a $1 billion five-year credit facility, plus an incremental $250 million optional accordion, and a new $850 million five-year term loan, the company said. The company said last month it would acquire the 81 percent of Epix it does not already own from Viacom Inc and Lionsgate Entertainment Corp for about $1 billion.

  • PARIS/ LONDON, May 11- Neptune Oil& Gas has agreed to acquire a majority stake in French utility Engie's exploration and production business for $3.9 billion, the latest private equity-backed firm to enter the international energy sector. The deal, expected to close in the first quarter of 2018, includes several fields in the UK and Norwegian North Sea and assets...

  • Verizon strikes deal to buy Straight Path

    Verizon will buy Straight Path for $184 per share in stock, as Straight Path terminates its prior deal with AT&T, reports CNBC's Andrew Ross Sorkin.

  • *InVentiv owned by PE firms Advent, Thomas H. Lee Partners. May 10- INC Research Holdings Inc said on Wednesday it would buy fellow contract research services provider inVentiv Health Inc in a $4.6 billion deal to tap into the growing demand from healthcare companies for laboratory services. InVentiv, which is equally owned by private equity firms Advent...

  • PARIS, May 10- AXA Chief Executive Thomas Buberl plans to overhaul the group's U.S. operations, proposing to float its American life insurance and asset management businesses in 2018 in order to free up capital and pursue takeover targets elsewhere. In the past investors have questioned whether AXA needs to retain two separate asset managers- AXA IM which is...

  • Abercrombie has hired investment bank Perella Weinberg Partners to handle the takeover approaches, the two sources said, asking not to be identified because the matter is confidential. Based in New Albany, Ohio, Abercrombie has a market capitalization of $862 million. It operated 709 stores in the United States and 189 stores outside the United States as of the...

  • Cramer Remix: The casino stock to buy if you’re playing your cards safe

    Jim Cramer dealt out his thoughts on the Macau casino stocks and chose his winner of the group.

  • NEW YORK, May 8- Florida utility company NextEra Energy Inc asked Texas regulators on Monday to reconsider a decision that threatens to kill its roughly $18 billion bid to acquire bankrupt Energy Future Holding Corp, the majority owner of Oncor, Texas' largest power network. The three-member Public Utility Commission of Texas has until June 7 to respond to...