Mergers and Acquisitions Acquisitions

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  • Iran signs deal to buy 20 more airplanes Tuesday, 2 Feb 2016 | 4:36 AM ET

    TEHRAN, Iran— Iran's national carrier has signed an agreement to buy 20 new passenger airplanes with an option for 20 more from French-Italian aircraft manufacturer ATR, Iranian media reported Tuesday. The purchase comes a week after Iran Air signed a deal to buy 118 planes from the European consortium Airbus, signaling a major effort to develop the civilian...

  • Axiall said on Friday that it had rejected Westlake's $1.4 billion takeover offer, saying it undervalued the company- an argument that Brigade Capital agreed with. Brigade Capital said in a letter to Axiall's board that it opposed the use of a "poison pill" with respect to Westlake's offer of $20 per share. Axiall shares were down 2.6 percent at $17.46 in afternoon...

  • MILAN, Feb 1- Italy's Lavazza will seal the purchase of French coffee brand Carte Noire in the next few weeks in a deal worth about 750 million euros, two sources close to the matter told Reuters. The acquisition will make Lavazza the market leader for coffee in France, a country which is the second largest coffee market in Europe and the fourth biggest in the world.

  • Abbott to buy medical test provider Alere Monday, 1 Feb 2016 | 8:50 AM ET

    NEW YORK— Abbott Laboratories will buy Alere for $4.8 billion as it tries to expand its medical-testing business. The deal is worth $5.8 billion when restricted stock, stock options and preferred shares are included, the company said Monday. Alere Inc., based in Waltham, Massachusetts, makes tests used to diagnosis the flu, HIV, malaria and several other diseases...

  • NEW YORK— Dominion Resources will spend approximately $4.4 billion to acquire Questar in a big reach to the West for the East Coast energy company. Questar is in the Rockies and a principal source of gas supply to Western states. Questar shareholders will receive $25 per share, a 23 percent premium to its Friday closing price of $20.39.

  • *Nokia, Alcatel fall after Samsung settlement. LONDON, Feb 1- European shares fell on Monday, pulled lower by telecom equipment stocks amid investor disappointment over the terms of a deal between Nokia and Samsung to settle a legal dispute. Shares in Nokia and Alcatel-- which Nokia is in the process of acquiring-- slumped around 10 percent after traders expressed...

  • LONDON, Jan 29- BT Group completes the acquisition of the country's biggest mobile network operator EE on Friday, opening the way to creating a single integrated network offering a combination of telecoms and TV services that competitors are scrabbling to match. Regulators waved through the deal, reasoning the little overlap between BT's fixed lines and EE's...

  • Jan 28- Oilfield services provider Baker Hughes Inc, which is being acquired by larger rival Halliburton Inc, said it expected global rig count to decline by as much as 30 percent in 2016, as the slump in oil prices shows no signs of abating. Net loss attributable to Baker Hughes was $1.03 billion, or $2.35 per share, in the three months ended Dec. 31, compared with a...

  • Jan 26- U.S. crane maker Terex Corp received a takeover approach from China's Zoomlion Heavy Industry Science and Technology Co, which it rebuffed, Bloomberg reported. Terex continues to focus on completing its merger with Finland's Konecranes Oyj, Bloomberg reported on Tuesday, citing people familiar with the matter. Terex and Konecranes had agreed on an...

  • Huntington Bancshares to buy FirstMerit Tuesday, 26 Jan 2016 | 9:24 AM ET
    mergers

    Huntington Bancshares agreed to buy Ohio-based FirstMerit for about $3.4 billion in a cash-and-stock deal.

  • Jan 26- Huntington Bancshares Inc said on Tuesday it has agreed to buy Ohio- based FirstMerit Corp for about $3.4 billion in a cash-and-stock deal. Under terms of the deal, FirstMerit Corp will merge with a unit of Huntington Bancshares, and FirstMerit Bank, a unit of FirstMerit Corp, will merge with and into The Huntington National Bank, Huntington said.

  • Will Johnson Controls-Tyco deal be smooth-sailing? Monday, 25 Jan 2016 | 10:34 PM ET
    Will Johnson Controls-Tyco deal be smooth-sailing?

    Brian Langenberg, founder of Langenberg & Company, explains why Johnson Controls' move to buy Tyco International is a strategically good deal.

  • Jan 25- Johnson Controls Inc, a U.S. maker of car batteries and heating and ventilation equipment, said on Monday it had agreed to acquire Ireland- based peer Tyco International Plc in a $16.5 billion deal aimed at lowering its tax bill. By redomiciling to Tyco's headquarters in Cork, Ireland, Johnson Controls would become the latest major U.S. company to carry out a...

  • Jan 24- Johnson Controls Inc, a U.S. manufacturer of car batteries and heating and ventilation equipment, is in advanced talks to buy fire protection and security company Tyco International Plc, people familiar with the matter said. A deal between Johnson Controls and Tyco, which have market capitalizations of $23 billion and $13 billion respectively, would...

  • Johnson Controls, Tyco in merger talks Sunday, 24 Jan 2016 | 4:07 PM ET
    An employee walks through the Johnson Controls and Saft Groupe SA factory, a joint venture producing Lithium-ion batteries in Nersac, France.

    Johnson Controls is in advanced talks to buy fire protection and security company Tyco International, people familiar with the matter told Reuters.

  • Jan 24- Johnson Controls Inc, a U.S. manufacturer of car batteries and heating and ventilation equipment, is in advanced talks to buy fire protection and security company Tyco International Plc, people familiar with the matter said. A deal between Johnson Controls and Tyco, which have market capitalizations of $23 billion and $13 billion respectively, would...

  • Visual China buys Corbis Entertainment Friday, 22 Jan 2016 | 8:23 PM ET

    Jan 22- Chinese image licensing company Visual China Group said it acquired on Friday the image division and content licensing unit of photo library Corbis Entertainment, owned by Microsoft Corp's co-founder Bill Gates. The company signed another deal with media service provider Getty Images to distribute Corbis' images and content to customers, thus...

  • WILMINGTON, Del., Jan 21- A U.S. judge will decide on Monday whether teen retailer American Apparel can exit bankruptcy under the control of hedge funds or if he will allow a takeover bid by investors working with its controversial former chief executive, Dov Charney. Los Angeles- based American Apparel Inc, known for its "Made in the U.S.A." fashion and sexually...

  • Jan 21- Radisson hotels owner Carlson Cos Inc is exploring a sale of its hotel business among other strategic alternatives, the Wall Street Journal reported on Thursday. A merger or a partnership are the other alternatives the company is exploring, the Journal reported, citing people familiar with the matter. Carlson was not immediately available for comment.

  • CORRECTED-IBM buys Ustream to build on cloud offerings Thursday, 21 Jan 2016 | 12:30 PM ET

    Jan 21- International Business Machines Corp said on Thursday it bought Ustream Inc, an online video streaming service provider, to boost its cloud offerings for businesses. However, the Fortune magazine reported on Wednesday, citing sources familiar with the deal, that the transaction could be valued at $130 million. The company reported on Thursday that...