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Mergers and Acquisitions Acquisitions

  • 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...

  • Jim Cramer on "Mad Money"

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

  • Cramer explains how Coach and Sinclair's takeovers help us value stocks

    Jim Cramer says the deals announced by Coach and Sinclair Broadcast Group can shed light on market valuation.

  • Customers carry Coach Inc. shopping bags after shopping at a store during a charity preview event on the eve of the grand opening of the Outlet Shoppes of The Bluegrass in Simpsonville, Kentucky.

    Jim Cramer says the deals announced by Coach and Sinclair Broadcast Group can shed light on market valuation.

  • The deal values Medical Solutions at around $500 million, according to people familiar with the matter. Faced with large patient volumes and nursing shortages, more and more hospitals are searching for reliable, qualified nurses, said Matthew Hobart, a partner at TPG Growth. Medical Solutions' previous majority owner, Beecken Petty O'Keefe& Company, which...

  • NEW YORK, May 8- Institutional Shareholder Services urged PrivateBancorp stockholders to reject Canadian Imperial Bank of Commerce's latest takeover offer, citing possible Canadian housing market contagion that could undermine the $4.9 billion cash-and-stock bid. CIBC raised the cash element of its offer for Chicago- based PrivateBancorp on Thursday...

  • Sinclair to buy Tribune Media for $43.50 per share

    The "Squawk on the Street" crew discusses Sinclair's $3.9 billion deal to buy Tribune Media.

  • Coach to buy Kate Spade in deal worth $2.4B

    Retailer Coach has struck a deal to acquire Kate Spade ofr $18.50 per share in cash, reports "Squawk Box's" Andrew Ross Sorkin.

  • First Horizon's offer price of $40.83 per share represents a discount of about 3 percent to Capital Bank's Wednesday closing. The combined company will have $40 billion in assets and $32 billion in deposits and will operate more than 300 branches across the Southeast, including Tennessee, South Carolina, Florida and Virginia. First Horizon will offer 1.750...

  • CIBC said on Thursday it would offer $27.20 in cash for each PrivateBancorp share, $3 more than its previous offer. CIBC had raised its takeover offer for PrivateBancorp by 20 percent to about $4.9 billion in March, after some of the Chicago- based lender's shareholders opposed the initial bid. Based upon CIBC's last close of $79.58 on the New York Stock Exchange,...