Mergers and Acquisitions Acquisitions

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  • TOKYO, Feb 26- Taiwan's Foxconn has put its takeover of Sharp Corp on hold after discovering previously undisclosed liabilities, sources said, throwing the acquisition in doubt and sending shares of the Japanese electronics maker tumbling. Loss-making Sharp announced on Thursday that it had agreed to be bought by Foxconn, a contract manufacturing firm...

  • TOKYO, Feb 26- Taiwan's Foxconn has put its takeover of Sharp Corp on hold after discovering previously undisclosed liabilities, sources said, throwing the acquisition in doubt and sending shares of the Japanese electronics maker tumbling. Loss-making Sharp announced on Thursday that it had agreed to be bought by Foxconn, a contract manufacturing firm...

  • *Foxconn says not yet signing deal in last-minute twist. *Sharp has previously undisclosed liabilities- sources. TOKYO/ TAIPEI, Feb 25- Taiwan's Foxconn put its takeover of electronics maker Sharp Corp on hold on Thursday after discovering previously undisclosed liabilities, sources said, throwing into doubt what was set to be the biggest takeover by a foreign...

  • *Sharp to issue shares worth around $4.4 bln. TOKYO/ TAIPEI, Feb 25- Sharp Corp on Thursday agreed to be bought by Foxconn in what would be the biggest takeover of a Japanese tech firm by a foreign company, but the Taiwanese company said it needed to clarify terms and was not ready to sign. The loss-making display maker said it would issue around $4.4 billion worth of new...

  • TOKYO, Feb 25- Taiwan's Foxconn will acquire two-thirds of ailing electronics maker Sharp, marking the largest acquisition of a Japanese tech firm by a foreign company and bolstering its position as Apple Inc's biggest supplier. Sharp said it would issue around $4.4 billion worth of new shares to Foxconn, known formally as Hon Hai Precision Industry Co....

  • *Foxconn has offered to invest over $5.8 bln in Sharp- source. TOKYO, Feb 25- Sharp Corp has agreed to a takeover by Taiwan's Foxconn, sources familiar with the matter said, the largest acquisition of a Japanese tech firm by a foreign company and one that will bolster Foxconn's position as Apple Inc's biggest supplier. "Sharp has the technology to build out the...

  • TAIPEI, Feb 25- Taiwan stocks rose on Thursday, led by shares in Hon Hai Precision after Japan's Sharp Corp decided to accept the Taiwanese tech company's rescue offer. Sharp's board on Thursday agreed to a takeover offer by Taiwan's Hon Hai, a source familiar with the matter said, in what would be the largest acquisition by a foreign company in Japan's insular...

  • BARCELONA/ TORONTO, Feb 24- BlackBerry said on Wednesday that it has acquired U.K.- based cyber security consultancy Encription, moving the company deeper into the services business as it continues to morph into a more software-focused entity amid its ongoing turnaround. The smartphone industry pioneer, which is pivoting to focus more on security software and...

  • TOKYO, Feb 24- The board of Japan's Sharp Corp began a two-day meeting on Wednesday to decide if it should accept a $5.9 billion takeover bid from Taiwan's Foxconn over an offer from a state-backed fund, a source with direct knowledge of the matter said. A deal with Foxconn, formally known as Hon Hai Precision Industry Co, would pave the way for the largest...

  • Feb 23- Silver Run Acquisition Corp, a U.S. investment vehicle, raised a greater-than-expected $450 million in an initial public offering on Tuesday aimed at funding the acquisition of energy companies, indicating investors see bargains amid the oil price rout. In the largest IPO so far this year, Silver Run priced 45 million shares at $10 each, selling 5 million...

  • LONDON, Feb 23- British engineering company Meggitt maintained its forecast for modest revenue growth this year, underpinning its stock price which soared on takeover speculation on Tuesday. Shares in the company, which issued a surprise profit warning in October and dropped out of Britain's blue-chip FTSE 100 share index in December, had jumped 11.3 percent...

  • Feb 23- MKS Instruments Inc, which makes instruments used in semiconductor manufacturing processes, said it agreed to buy Newport Corp, a manufacturer of laser-based products, for $980 million in an all-cash deal. MKS' offer of $23 per share represents a premium of about 53 percent to Newport's Monday's close. Newport's shares were trading at $22.60 before the...

  • Feb 23- Western Digital Corp said a unit of China's Unisplendour Corp Ltd terminated a deal to take a 15 percent stake in the company after a decision by the Committee on Foreign Investment in the United States to conduct an investigation. Unisplendour and Unis Union had agreed to acquire the stake for $3.78 billion in September. CFIUS, an inter-agency panel led...

  • Feb 23- Western Digital Corp said a unit of China's Unisplendour Corp Ltd terminated a deal to take a 15 percent stake in the company after a decision by the Committee on Foreign Investment in the United States to conduct an investigation. Unisplendour and Unis Union had agreed to acquire the stake for $3.78 billion. CFIUS, an inter-agency panel led by the...

  • *Deal valued at about $3.1 bln, including $2.3 bln debt. *Sysco dropped pursuit of smaller rival US Foods last year. Feb 22- Sysco Corp, the largest U.S. food distributor, said it would buy London- based food distributor Brakes Group from Bain Capital Private Equity in a deal valued at about $3.1 billion to strengthen its presence in Europe.

  • TOKYO, Feb 17- A Japanese state fund is making a final effort to secure a takeover of Sharp Corp as the ailing electronics maker considers a higher $5.8 billion offer from Taiwan's Foxconn, criticizing the composition of the company's board, sources said. Innovation Network Corporation of Japan officials are taking issue with two of Sharp's board members who...

  • Feb 19- Yahoo Inc officially launched the sale of its core business on Friday, a move seen as a positive step for frustrated investors but not enough to keep an activist hedge fund from pursuing a proxy fight against the struggling Internet company. The move follows more than three years of effort by CEO Marissa Mayer to turn around Yahoo by focusing on mobile apps...

  • SAO PAULO, Feb 18- BM&FBovespa SA, Brazil's sole financial exchange, on Thursday posted an unexpected fourth-quarter loss after writing down the value of assets stemming from the acquisition that created the company eight years ago. The asset impairment stemmed from BM&FBovespa's decision to lower profitability projections stemming from BM&F SA's...

  • *Concern remains over Riyadh's ability to implement reforms. DUBAI, Feb 18- Saudi Arabia's financial markets barely blinked on Thursday after its debt was downgraded- a sign that a charm offensive by Saudi economic officials, and determined action against speculators, have bought it time in the eyes of many investors. They have also stressed that they are...

  • TOKYO, Feb 17- A Japanese state fund is making a final effort to secure a takeover of Sharp Corp as the ailing electronics maker considers a higher $5.8 billion offer from Taiwan's Foxconn, criticizing the composition of the company's board, sources said. Innovation Network Corporation of Japan officials are taking issue with two of Sharp's board members who...