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Mergers and Acquisitions Acquisitions

  • PARIS— France's finance minister says a possible PSA Group takeover of General Motors' German subsidiary Opel could help both companies if it doesn't lead to job cuts. Germany's economy minister, Brigitte Zypries, is heading Thursday to Paris to discuss the possible deal. Opel employs 19,000 people in Germany, where politicians are concerned about job losses...

  • LONDON/ FRANKFURT, Feb 22- French carmaker PSA Group aims to generate annual cost savings of between 1.5 billion and 2 billion euros from its proposed acquisition of Opel from General Motors, two sources told Reuters on Wednesday. The disclosure sparked concern for the future of GM's Opel and Vauxhall plants in Germany and Britain, home to most of the group's...

  • *Follows rejection of $143 bln Kraft takeover bid. LONDON, Feb 22- Unilever sought to show shareholders it can go it alone on Wednesday after rejecting Kraft Heinz's $143 billion bid, with the promise of a swift, far-reaching review. Kraft, backed by Warren Buffett and private equity firm 3 G, had wanted to buy Unilever, which is being advised by Centerview following...

  • NEW YORK— Unilever is reviewing options after rival Kraft Heinz withdrew a $143 billion takeover offer. Unilever and Kraft Heinz said in a joint press release on Sunday that Kraft Heinz had "amicably" abandoned its offer. The deal that was withdrawn would have combined Kraft Heinz products such as Oscar Mayer, Jell-O and Velveeta with Unilever's stable of brands,...

  • LONDON, Feb 22- Anglo-Dutch consumer goods group Unilever said it was reviewing its options to drive shareholder value, just days after it swiftly rejected a surprise $143 billion takeover bid from Kraft Heinz. Kraft, which is backed by Warren Buffett and the private equity firm 3 G, had wanted to buy Unilever as part of its strategy of buying competitors and...

  • LONDON, Feb 22- Britain's business minister said on Wednesday he will set out proposals over the government's stance towards the possible foreign takeover of British firms, particularly in critically important areas such as nuclear power, in the coming weeks. Anglo-Dutch firm Unilever rejected a $143 billion bid from U.S. rival Kraft Heinz last week and Prime...

  • SAO PAULO, Feb 22- Ternium SA has agreed to buy Thyssenkrupp AG's CSA steel plant for 1.26 billion euros, ending five years of attempts by the German industrial firm to offload the loss-making Brazilian mill. Including debt, the deal announced by the two companies late on Tuesday gives CSA, the largest foreign investment project ever in Brazil, an enterprise value...

  • TORONTO, Feb 21- Canada's main stock index closed at a record high on Tuesday, with energy shares leading broad-based gains as oil prices climbed, while Restaurant Brands International Inc jumped more than 7 percent after it announced an acquisition. Gains for the Toronto Stock Exchange's S&P/TSX composite index came as data showed the fastest pace of growth...

  • Feb 21- Billionaire investor Carl Icahn has taken a stake in Bristol-Myers Squibb Co and sees the drugmaker as a possible takeover target, according to a report published on Tuesday that sent the company's shares from a loss to more than 2 percent higher. Earlier on Tuesday, Bristol-Myers said it added three directors to its board, a move supported by JANA...

  • Feb 21- Lodging real estate investment trust Ashford Hospitality Trust Inc offered to buy FelCor Lodging Trust Inc in a deal valued at about $1.27 billion and launched a proxy battle for the control of the company's board. Reuters calculation of the deal value is based on FelCor's 137.5 million shares outstanding as of Sept. 30. FelCor's shares closed up 9.7...

  • Feb 21- Chemical maker Tronox Ltd announced plans on Tuesday to buy the titanium dioxide business of Cristal, a subsidiary of Saudi Arabia's Tasnee, for $1.67 billion cash and new shares. The deal will help Cristal pay its outstanding bank debt of $1.673 billion in Saudi Arabia, Tronox said in a statement. Those banks include The Saudi British Bank, an affiliate of...

  • TORONTO, Feb 21- Canada's main stock index reached a new record high on Tuesday, led by Restaurant Brands International Inc after it announced an acquisition, while heavyweight financial and energy shares also gained as oil prices rose. The Toronto Stock Exchange's S&P/TSX composite index gained as data showed the fastest pace of growth in euro zone business...

  • Feb 21- Lodging real estate investment trust Ashford Hospitality Trust Inc offered to buy FelCor Lodging Trust Inc in a deal valued at about $1.27 billion and launched a proxy battle for the control of the company's board. FelCor's shares rose as much as 13 percent to $8.16 on Tuesday, but were trading well below the offer price of $9.27 per share.

  • The deal would be the first East Coast property for Vail, and Stowe would be added to the company's network of 10 resorts. Vail would acquire all of Stowe resort's mountain operations, including skier services, such as food and beverage facilities and rental and lift offices on Mount Mansfield and nearby Spruce Peak. The Stowe resort, now owned by the Mount...

  • Verizon, Yahoo agree on revised deal

    The companies have agreed to reduce the price Verizon will pay to acquire Yahoo's operating business by $350 million.

  • Feb 20- Acquire, slash costs, repeat. Billionaire investor Warren Buffet and buyout firm 3 G Capital's failed $143 billion bid to combine their food conglomerate Kraft Heinz Co with Unilever Plc shows their winning formula now needs a growth boost. "Perhaps Kraft will now acquire another medium-sized U.S. food company, like General Mills Inc, Kellogg Co, or...

  • BERLIN— Germany's economy minister plans to discuss the future of General Motors' Opel subsidiary during a visit to Paris on Thursday. A spokesman for Brigitte Zypries said Monday the issue of a possible takeover by France's PSA Group would play a "big role" in talks with her French counterpart. The German government was caught off guard last week by news about a...

  • *Kraft camp feared UK political opposition to takeover. LONDON, Feb 20- Kraft Heinz Co's rapid retreat from its surprise $143 billion bid for Unilever in the face of stiff resistance from the company and politicians sent shares in the Anglo-Dutch group 8 percent lower on Monday. Britain's response was also a concern after Prime Minister Theresa May signalled...

  • NEW YORK— Shares in Unilever, the owner of brands like Hellman's, Lipton, and Knorr, are down sharply after rival Kraft Heinz withdrew a $143 billion takeover offer. The deal would have combined Kraft Heinz products such as Oscar Mayer, Jell-O and Velveeta with Unilever's stable of brands, which include food as well as other consumer goods like Dove soap and...

  • Unilever, Kraft-Heinz deal buzz not over yet

    Tressis Gestion CIO Daniel Lacalle responds to news that Kraft Heinz has dropped its bid to buy Unilever.