Mergers and Acquisitions Acquisitions

  • Yahoo! President and CEO Marissa Mayer delivers a keynote during the Yahoo Mobile Developers Conference on February 18, 2016 at The Masonic in San Francisco, California.

    CNBC's Landon Dowdy reports Yahoo CEO Marissa Mayer is stepping down from the board along with five other directors, and changing the company name to Altaba.

  • Jan 9- Candy and pet food conglomerate Mars Inc is buying veterinary hospital operator VCA Inc for $7.7 billion in a deal that will give the maker of Pedigree pet food an even bigger share of the $4 billion global pet healthcare market. McLean, Virginia- based Mars is already the biggest pet food company in the world- it held a quarter of the $71.77 billion global pet...

  • Jan 9- Mars Inc is buying pet hospital operator VCA Inc for $7.7 billion in a deal that will tighten the Whiskas and Pedigree pet food maker's grip on the pet care market. The combination of Mars Petcare and VCA will dominate the veterinary care industry in the United States, grabbing an even bigger share of the nearly $4 billion global pet care market.

  • Japanese drugmaker Takeda Pharmaceutical has agreed to buy U.S. cancer drug developer Ariad Pharmaceuticals in a $4.7 billion deal. Takeda will pay $24 in cash for each Ariad share, a premium of nearly 75 percent to the stock's $13.74 closing price Friday. Cambridge, Massachusetts- based Ariad Pharmaceuticals Inc. develops treatments for rare forms of...

  • Jan 9- Candy and pet food maker Mars Inc said it would buy VCA Inc, which runs hospitals for animals, for $7.7 billion. Mars, the maker of Whiskas and Pedigree pet products, will pay $93 per share, a premium of 31.4 percent to VCA's Friday closing price. The enterprise value of the deal is $9.1 billion including $1.4 billion in debt, the companies said in a statement on...

  • NEW YORK— UnitedHealth Group is buying surgical center operator Surgical Care Affiliates for about $2.3 billion in a cash-and-stock deal that will add to its outpatient holdings. The acquisition will be funded with between 51 percent and 80 percent of UnitedHealth stock. Shares of Surgical Care Affiliates Inc. climbed $7.82, or 16.1 percent, to $56.57 in...

  • HONG KONG— Fast-food giant McDonald's is selling a controlling stake in its China business to a group of investors led by state-owned Chinese conglomerate Citic in a deal worth up to $2.1 billion, the companies said Monday. Under the terms of the deal, Citic Ltd. and its investment management unit Citic Capital will acquire 52 percent of the business while...

  • NEW DELHI, Jan 6- A subsidiary of China's top carmaker SAIC Motor Corp plans to acquire certain General Motors manufacturing assets in India, a filing with the country's competition watchdog showed on Friday. As part of a side deal, General Motors also plans to buy out SAIC's 9.2 percent stake in SAIC General Motors Investment- a joint venture it formed with the...

  • Brexit caused an immediate stop to PE deals

    Stewart Licudi, head of financial sponsors at William Blair, discusses the deal space for 2017, adding that healthcare and tech are the sectors to watch.

  • Jan 5- A plan by rooftop solar company Sungevity Inc to tap the public markets withered as investors fretted about the dismal performance of solar stocks and an incoming U.S. president who has expressed skepticism about renewable energy, according to executives at Sungevity and its would-be buyer. But Easterly, set up as an acquisition vehicle by private...

  • Verizon exec unsure whether Yahoo deal will close

    Dow Jones reports Marni Walden of Verizon says she can't say with confidence that the deal will get done.

  • Marni Walden EVP president of product and new business innovation at Verizon.

    Verizon is unsure whether the Yahoo deal will go through, a top executive said, reported Dow Jones on Thursday.

  • Jan 4- Bankrupt renewable energy company SunEdison Inc has reached a deal with a spinoff company that helps clear the way for a $150 million sale of its solar materials business to a Chinese buyer, according to court papers filed on Tuesday. In addition, SunEdison Semiconductor gets an administrative expense claim of nearly $2.7 million and a general unsecured...

  • Dec 30- U.S. fishing and hunting equipment retailer Cabela's Inc, which is being bought by privately held rival Bass Pro Shops, said the Federal Trade Commission had sought more information from the companies about the deal. On Friday, Cabela's said Capital One had informed the company that it does not expect to get approval for acquiring the credit card business,...

  • FRANKFURT, Dec 30- China's Midea said it will complete its takeover of German robotics maker Kuka in the first half of January after the United States authorities gave the deal a green light. The bid for Kuka, a high-tech robotics manufacturer, sparked controversy in Germany amid fears that key technologies were falling into foreign hands at a time when China...

  • Dec 29- Johnson& Johnson is negotiating a deal to acquire Swiss biotechnology company Actelion Ltd that would separate its commercialized portfolio from its research and development assets, people familiar with the matter said on Thursday. This deal structure would allow J&J to acquire Actelion with a cash offer in the region of $260 per share, a little more...

  • Hard for Actelion to walk away from high prices

    John Rountree, managing partner at Novasecta, discusses his expectations of the pharma space in 2017.

  • Zurich, Dec 29- Swiss airline catering company Gategroup Holding said on Thursday it was buying Air France KLM's catering business Servair for 237.5 million euros, including debt, to create the world's leading inflight catering group. Air France-KLM said in May it was entering exclusive negotiations with Gategroup's parent Chinese aviation and shipping...

  • WASHINGTON, Dec 27- Healthcare company Abbott Laboratories has won U.S. antitrust approval for its proposed $25 billion acquisition of medical device maker St. Jude Medical Inc, the U.S. Federal Trade Commission said on Tuesday. Jude's vascular closure device and Abbott's steerable sheath to Japan- based Terumo Corp. In October, Abbott said the companies would...

  • WASHINGTON, Dec 27- Healthcare company Abbott Laboratories has won U.S. antitrust approval for its proposed $25 billion acquisition of medical device maker St. Jude Medical Inc, the U.S. Federal Trade Commission said on Tuesday. Jude's vascular closure device and Abbott's steerable sheath to Japan- based Terumo Corp. In October, Abbott said the companies would...