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Mergers and Acquisitions Acquisitions

  • CNBC's Gemma Acton updates with Dutch paint maker AkzoNobel's first-quarter earnings, as well as PPG's attempt to buy the company.

  • CNBC's Gemma Acton speaks about AkzoNobel's first-quarter earnings.

  • HOUSTON, April 18- Centurion Midstream Group LLC said it acquired a petroleum marketing and transportation business that operates in West Texas from Agave Energy Holdings, a subsidiary of Lucid Energy Group. Price of the purchase was not disclosed. Ken Douglas, Centurion's chief financial officer, said the deal will expand the Dallas- based company's Permian...

  • April 18- Private equity firm Warburg Pincus LLC said on Tuesday it had agreed to acquire a majority equity stake in CityMD, a privately held urgent care provider with a large presence in the New York metropolitan area. CityMD was founded in 2010 by Richard Park and other physicians as a single Manhattan practice. It now has nearly 68 U.S. locations, most of which are...

  • LONDON/ SHANGHAI/ NEW YORK, April 18- Post Holdings is buying leading British breakfast cereal brand Weetabix from China's Bright Food Group Co Ltd for 1.4 billion pounds, giving the U.S.-focused company a European base on which to build. The acquisition of Weetabix's manufacturing and distribution assets in Europe should also allow Post to more easily digest...

  • April 18- U.S. drug distributor Cardinal Health Inc said on Tuesday it would buy medical device maker Medtronic Plc's medical supplies businesses for $6.1 billion in cash. Cardinal Health is acquiring the patient care, deep vein thrombosis and nutritional insufficiency units from Medtronic. Cardinal Health said it would finance the acquisition with cash...

  • SHANGHAI, April 18- Fidelity& Guaranty Life, a U.S. annuities and life insurer, said on Tuesday it has terminated its agreement to be acquired by China's Anbang Insurance group. Reuters reported earlier that the Chinese insurer would let its agreement to acquire FGL for $1.6 billion lapse after failing to secure all the necessary regulatory approvals.

  • China's Ant Financial has raised its offer for electronic payment firm MoneyGram International and the deal was unanimously approved by the U.S. firm's board, outbidding rival Euronet Worldwide.

  • April 16- China's Anbang Insurance Group will let its agreement to acquire U.S. annuities and life insurer Fidelity& Guaranty Life for $1.6 billion lapse, after failing to secure all the necessary regulatory approvals, people familiar with the matter said on Sunday. While Anbang's FGL acquisition had received clearance from the Committee on Foreign...

  • TOKYO, April 14- Toshiba Corp on Friday denied a Bloomberg report that the company had temporarily suspended all meetings and decisions over the sale of its memory chip business to address concerns raised by an industry partner. "It is not true Toshiba has put the chip sale process on hold," a Toshiba spokesman told Reuters. Shares in Toshiba plunged more than 8...

  • NEW YORK, April 13- T-Mobile US Inc bid $8 billion and Dish Network Corp $6.2 billion to win the bulk of broadcast airwaves spectrum for sale in a government auction, the U.S. Federal Communications Commission said on Thursday. The two carriers accounted for more than two-thirds of $19.8 billion in winning bids, the FCC said. Comcast Corp agreed to acquire $1.7...

  • *To get $300 mln from Biogen, $170 mln from Roche upfront. April 13- Bristol-Myers Squibb Co said on Thursday it would license two of its drugs to Biogen Inc and Roche Holding AG for an upfront fee of $470 million. The Wall Street Journal reported in February that billionaire investor Carl Icahn had taken a stake in Bristol and saw the company as a possible takeover...

  • LONDON, April 13- Anglo-Dutch consumer group Unilever has decided to work with Morgan Stanley and Goldman Sachs on the sale of its margarine and spreads business, which was announced last week, sources told Reuters on Thursday. The sale, which could fetch as much as 6 billion pounds, is expected to kick off later this year, the sources said, following a far-reaching...

  • April 12- Staff of the Ontario Securities Commission on Wednesday filed a statement of allegations accusing former Aston Hill Financial Inc executives of securities law violations in connection with a leaked takeover offer in 2014 by online gambling company Amaya Inc.. The OSC staff alleged that Ben Cheng, then president of Aston Hill Financial, became...

  • AMSTERDAM, April 12- Rebel shareholders in Dutch paint maker Akzo Nobel want to oust the company chairman after Akzo refused to engage in takeover talks with U.S. rival PPG Industries. Elliott Investors, one of Akzo's largest shareholders, said in a statement it was one of a group of investors that meets the Dutch legal threshold of 10 percent support needed to...

  • NEW YORK/ PARIS, April 11- Altice USA, the cable operator that Netherlands- based Altice NV put together by acquiring Cablevision and Suddenlink Communications, on Tuesday filed for an initial public offering that seeks to raise $1 billon to $2 billion, according to a source familiar with the matter. Last week John Malone's Liberty Interactive Corp said it would...

  • BAAR, Switzerland, April 11- Sika shareholders attacked the Swiss chemical company's founding family for pushing through a proposal for a smaller dividend increase-- the latest twist in a bitter takeover battle with France's Saint-Gobain. The Burkard family's call for a dividend of 96 Swiss francs per bearer share, rather than the board's proposed 102 franc...

  • LONDON, April 11- Singapore's $344 billion GIC led the sovereign investor pack in the first three months of 2017, sealing two of the biggest investments of the quarter. GIC teamed up with private equity firm Hellman& Friedman in a $1.9 billion deal for a 75 percent stake in Spain's Allfunds Bank, and paired with Paramount Group to acquire 60 Wall Street, a "trophy...

  • TAIPEI, April 11- Chinese tech conglomerate LeEco, whose businesses stretch from smartphones to electric vehicles, has abandoned a $2 billion proposed acquisition of U.S. consumer electronics company Vizio, the company said on Tuesday. However, in March, the company successfully secured $2.2 billion for expansion from investors including property...

  • The deal is subject to approval by the Committee on Foreign Investment in the United States, a government panel that reviews acquisitions by foreign entities for potential national security risks. The buyer is Unic Capital Management, a subsidiary of Sino IC Capital that was founded last year, the companies said in a news release. Sino IC Capital was...