Mergers and Acquisitions Acquisitions

  • LISBON, Sept 22- Angolan investor Isabel dos Santos signaled on Thursday she had agreed for her telecoms firm Unitel to take control of Banco BPI's Angolan arm, allowing the Portuguese bank to sidestep risk provisions that could have strained its finances. BPI, which is subject to a takeover bid from Spain's Caixabank, offered on Tuesday to sell a 2 percent stake...

  • NEW YORK— Lennar will spend $643 million to acquire luxury homebuilder WCI Communities Inc., tying up two of the largest home construction companies in Florida as the U.S. real estate market continues to heat up. On Tuesday, Lennar reported a 5 percent jump in third-quarter profit and its revenue continues to rise as it delivers more homes. Lennar also said that...

  • *France's Jean-Yves Le Drian to visit India to sign deal. NEW DELHI, Sept 21- India's cabinet cleared the purchase of 36 Rafale fighter jets from Dassault Aviation on Wednesday, paving the way for signing a deal that Prime Minister Narendra Modi is betting on to modernise the air force, a government source told Reuters. The acquisition is part of a $150- billion...

  • *France's Jean-Yves Le Drian to visit India to sign deal. NEW DELHI, Sept 21- India's cabinet cleared the purchase of 36 Rafale fighter jets from Dassault Aviation on Wednesday, paving the way for signing a deal that Prime Minister Narendra Modi is betting on to modernize the air force, a government source told Reuters. The acquisition is part of a $150- billion...

  • Sept 21- General Mills Inc reported a drop in quarterly net sales for the fifth straight quarter, hurt mainly by weak demand for its Yoplait yogurt and Progresso soup and the sale of its Green Giant frozen vegetable business. The maker of Cheerios cereal said net earnings attributable to the company fell to $409 million, or 67 cents per share, in the first quarter...

  • MILAN/ LONDON, Sept 20- Italian oil major Eni has delayed the planned $3.4 billion sale of its domestic retail business, sources said, as political uncertainty caused by an upcoming referendum on democratic reform hinders major deals across the country. The delay in selling the gas and power business, estimated to be worth up to 3 billion euros, follows the...

  • SAN FRANCISCO, Sept 20- Shares of MGT Capital Investments, led by anti-virus software pioneer John McAfee, dropped 21 percent on Tuesday after it said the New York Stock Exchange denied approval of the listing of shares for a planned merger with anti-spyware company D-Vasive Inc.. As part of the deal, MGT said it would issue 43.8 million shares to acquire assets...

  • MILAN/ LONDON, Sept 20- Italian oil major Eni has delayed the planned $3.4 billion sale of its domestic retail business, sources said, as political uncertainty caused by an upcoming referendum on democratic reform hinders major deals across the country. The delay in selling the gas and power business, estimated to be worth up to 3 billion euros, follows the...

  • Sept 20- Todd Combs, one of Warren Buffett's stockpicking deputies at Berkshire Hathaway Inc, has joined the board of JPMorgan Chase& Co, expanding the conglomerate's already deep ties to the financial services industry. Buffett has credited him with triggering Berkshire's largest acquisition, the $32.1 billion takeover in January of aircraft parts maker...

  • Botox-maker Allergan is bulking up its drug pipeline with two acquisitions announced Tuesday, both of which target liver disease. Allergan PLC said it's acquiring Tobira Therapeutics Inc. and two potential liver disease treatments in a deal that could be worth almost $1.7 billion. Shares of Dublin- based Allergan slipped nearly 3 percent, or $6.62, to $238.67.

  • PARIS/ TOKYO, Sept 20- Renault SA and Nissan Motor Co announced on Tuesday they would buy French software development company Sylpheo as they compete with global automakers and tech firms to develop new services including ride hailing and car sharing. The French and Japanese automakers said that the acquisition, under which they would absorb Sylpheo's 40...

  • CNBC's Geoff Cutmore speaks to Phosagro CEO Andrey Guryev, who views the recent Bayer/Monstanto deal as a positive for the agrochemical industry.

  • CHICAGO, Sept 19- Wal-Mart Stores Inc on Monday said it has completed the acquisition of internet retailer Jet.com after agreeing to pay about $3 billion for the e-commerce startup last month. Wal-Mart Chief Executive Doug McMillon announced the closing of the deal, which was pending regulatory approval, in a blog post on the retailer's website.

  • Sept 19- Shareholders in acquiring companies should be thankful: mergers and acquisitions are down sharply this year. "When it comes to M&A- management promises to the contrary- the whole is often less than the sum of the parts," analysts at S&P Global led by Richard Tortoriello wrote. This accords reasonably well with earlier work by Sandra Mortal of the University...

  • CHICAGO, Sept 19- Wal-Mart Stores Inc on Monday said it has completed the acquisition of internet retailer Jet.com after agreeing to pay about $3 billion for the e-commerce startup last month. Wal-Mart Chief Executive Doug McMillon announced the closing of the deal, which was pending regulatory approval, in a blog post on the retailer's website.

  • Sept 19- Tesla Motors Inc said on Monday its proposed acquisition of SolarCity Corp could be delayed because of shareholder lawsuits alleging board members breached their fiduciary duty, the latest hurdle to a $2.6 billion deal. A hearing is scheduled on Oct. 18 in Delaware. Since Tesla Chief Executive Officer Elon Musk is the biggest shareholder in both Tesla...

  • CHICAGO, Sept 19- Wal-Mart Stores Inc on Monday said it has completed the acquisition of internet retailer Jet.com after agreeing to pay about $3 billion for the e-commerce startup last month.

  • NEW YORK— Wal-Mart said Monday it has completed its deal to buy fast-growing Jet.com for $3 billion in cash plus $300 million in stock, an acquisition aimed at helping the world's largest retailer attract younger and more affluent customers to drive online sales. As part of the deal, which was announced in early August, Jet.com co-founder and CEO Marc Lore will...

  • Sept 19- Elon Musk-led Tesla Motor Inc said on Monday its proposed acquisition of SolarCity Corp could be delayed due to shareholder lawsuits challenging the deal. The company said four lawsuits were filed in Delaware between Sept. 1 and Sept. 16 and a potential injunction on the proposed $2.6 billion merger could delay the closing of the deal.

  • Sept 19- Elon Musk-led Tesla Motor Inc said on Monday its proposed acquisition of SolarCity Corp could be delayed due to shareholder lawsuits challenging the deal. Four lawsuits were filed in Delaware between Sept. 1 and Sept. 16, the company said in a regulatory filing. The lawsuits allege, among other things, that both Tesla and SolarCity board members breached...