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Mergers and Acquisitions Acquisitions

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  • Aug 12- Buyout firm TPG Capital LP is in advanced talks to acquire Ellucian Company LP, in a deal that could value the U.S. provider of software to universities and colleges at $3.5 billion, including debt, people familiar with the matter said. Ellucian's owners, private equity firms Hellman& Friedman LLC and JMI Equity, are in the final stages of negotiating the deal...

  • Aug 12- AT&T Inc, the No.2 U.S. telecom company, said it expected double-digit consolidated revenue growth in percentage terms for the rest of 2015, citing gains from the purchase of DirecTV. AT&T, which closed the acquisition of DirecTV in July, forecast 2015 adjusted profit of $2.62- $2.68 per share. The company has also been expanding its footprint in Mexico,...

  • Aug 11- By separating moonshots from moneymakers, Google founders Larry Page and Sergey Brin are now free to pursue more quixotic business ideas such as glucose-monitoring contact lenses, Internet-connected, high-altitude balloons and even immortality. "In the near term, investors are going to focus on the core business and give them some leeway," said...

  • Symantec selling assets Tuesday, 11 Aug 2015 | 10:00 AM ET
    Symantec selling assets

    Symantec misses with Q2 earnings; sells Veritas information management business.

  • Shares of Mallinckrodt, which makes generic and specialty drugs as well as medical imaging agents, were little changed in afternoon trading on Monday. Dublin- based Mallinckrodt said it would focus on selling more of Therakos's devices in the United States, where it is approved only for a form of blood cancer. Mallinckrodt's purchase of Therakos from...

  • *Baxalta CEO says can get to Shire bid value on its own. LONDON, Aug 10- Shire Chief Executive Flemming Ornskov is stepping up his campaign to get Baxalta to the negotiating table as he pushes the benefits a $30 billion takeover offer to the U.S. biotech company's shareholders. Shares in Shire and Baxalta both rose on Monday, helped by a bullish note from Cowen analyst...

  • Shares of Mallinckrodt, which makes generic and specialty drugs as well as medical imaging agents, were little changed in afternoon trading on Monday. Dublin- based Mallinckrodt said it would focus on selling more of Therakos's devices in the United States, where it is approved only for a form of skin cancer. Mallinckrodt's purchase of Therakos from investment...

  • Shire CEO steps up drive to get Baxalta board talking Monday, 10 Aug 2015 | 11:20 AM ET

    LONDON, Aug 10- Shire Chief Executive Flemming Ornskov is stepping up his campaign to get Baxalta to the negotiating table as he pushes the benefits a $30 billion takeover offer to the U.S. biotech company's shareholders. He has a fight on his hands, with investors in newly listed Baxalta arguing he must pay more, although one person close to the Dublin- based...

  • *Mallinckrodt shares up flat in early trading. Aug 10- Dublin- based drugmaker Mallinckrodt Plc said it would buy immunotherapy company Therakos Inc in a deal valued at about $1.33 billion, its second major acquisition this year aimed at strengthening its hospital offerings. Mallinckrodt's purchase of Therakos from investment firm The Gores Group comes...

  • BEIJING, Aug 10- Alibaba Group Holding Ltd will invest $4.6 billion in top-tier Chinese electronics retailer Suning Commerce Group Co Ltd, its biggest step yet into China's burgeoning alliances between online and offline firms. Alibaba is paying 28.3 billion yuan for a 19.99 percent stake in Suning, which will in turn invest 14 billion yuan to acquire 1.1...

  • Aug 10- Drugmaker Mallinckrodt Plc said it would buy immunotherapy company Therakos Inc from investment firm The Gores Group in a deal valued at about $1.33 billion to strengthen its presence in hospitals. Therakos is a maker of immune cell therapy, which is delivered through extracorporeal photopheresis- a form of therapy used to treat patients with skin...

  • FRANKFURT/ HELSINKI, Aug 10- Nokia is hiring software experts, testing new products and seeking sales partners as it plots its return to the mobile phone and consumer tech arena it abandoned with the sale of its handset business. It sold its handset business to Microsoft in late 2013 and has since focused squarely on making telecoms network equipment.

  • TOKYO, Aug 9- Japan's Sumitomo Life Insurance Co is in talks to buy U.S. life insurer Symetra Financial Corp, the Nikkei business daily reported on Sunday. Sumitomo Life is looking to acquire Washington- based Symetra for a fee estimated between 400 to 500 billion yen, the Nikkei said without citing sources. In February, Dai-ichi Life Insurance Co bought Alabama-...

  • Aug 6- Credit card lender Capital One Financial Corp is in exclusive talks to acquire General Electric Co's U.S. healthcare finance unit, in a deal likely to top $10 billion, according to people familiar with the matter. The potential deal could bulk up Capital One's existing healthcare lending operations and bring GE one step closer to achieving its target of...

  • Aug 6- Credit card lender Capital One Financial Corp is in exclusive talks to acquire General Electric Co's U.S. healthcare finance unit, in a deal likely to top $10 billion, according to people familiar with the matter. Capital One has outbid other potential buyers in an auction for the unit, the people said on Thursday, cautioning that the negotiations are...

  • NEW YORK, Aug 6- Generic drugmaker Mylan Inc's chief executive said on Thursday that acquiring Perrigo Co was not a must and that it has other options should Perrigo successfully fend off Mylan's $34 billion hostile offer. However, Mylan CEO Heather Bresch said in an interview that getting the Perrigo deal done remains a top priority and that she still believes...

  • Not surprised by Ackman's $5.5B stake in Mondelez: Analyst

    Alexa Howard, Sanford Bernstein senior analyst, weighs in on Bill Ackman's move to acquire a 7.5 percent stake in snack food maker Mondelez.

  • *Buys Singapore-based Classic Fine Foods. *Fewer new stores planned in Russia. DUESSELDORF, Aug 6- German retailer Metro AG has bought Singapore- based restaurant supplier Classic Fine Foods Group from private equity group EQT for $290 million to help it expand in the food delivery business in Asia and Europe.

  • Bill Ackman takes $5.5B stake in Mondelez Thursday, 6 Aug 2015 | 7:03 AM ET
    Bill Ackman takes $5.5B stake in Mondelez

    Pershing Square Capital Management now has a 7.5 percent position in food giant Mondelez, reports CNBC's Scott Wapner.

  • Bill Ackman takes $5.5B stake in Mondelez Thursday, 6 Aug 2015 | 6:34 AM ET
    Bill Ackman takes $5.5B stake in Mondelez

    Hedge fund Pershing Square Capital Management now has a 7.5 percent position in food giant Mondelez, reports CNBC's Scott Wapner.