Mergers and Acquisitions Acquisitions

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  • 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...

  • *Q4 net profit falls to 24 mln Swiss francs. *Proposes steady dividend of 0.40 francs per share. ZURICH, Feb 17- Clariant had its worst day on the stock market in five months on Wednesday after its chief executive threw cold water on lingering speculation the Swiss specialty chemicals maker could be a takeover target.

  • Feb 16- Private equity firm Apollo Global Management LLC will buy ADT Corp in the biggest leveraged buyout so far this year to create a business with nearly a third of North America's electronic security products market. Shares of ADT, which makes burglary alarm and video surveillance systems for homes and businesses, jumped as much as 53.7 percent to $41.30 on...

  • The combined company, to be headquartered in Boca Raton in Florida, will have proforma annual revenue of more than $4.2 billion. Barclays, Citigroup Global Markets Inc, Deutsche Bank, Royal Bank of Canada and PSP Investments Credit USA LLC are providing the financing for the deal. BofA Merrill Lynch and Goldman Sachs are ADT's financial adviser for the...

  • RIO DE JANEIRO Feb 15- Royal Dutch Shell, Europe's largest oil company, expects to make robust investments in Brazil's offshore, hoping to quadruple oil and gas output there by the end of the decade, its chief executive officer said on Monday. CEO Ben Van Beurden spoke in Brazil shortly after Shell's $52 billion takeover of rival BG Group Plc, approved in late...

  • NEW YORK, Feb 10- New York Governor Andrew Cuomo on Wednesday urged federal regulators to block KeyCorp's plan to acquire First Niagara Financial Group Inc, saying the merger would impede retail banking competition and cost thousands of jobs upstate. The request, unusual for a sitting governor, came 3-1/ 2 months after Cleveland- based KeyCorp announced plans to...

  • *Asahi eyes overseas growth as beer sales fall in Japan. TOKYO, Feb 10- Asahi Group Holdings Ltd has reached a preliminary deal to buy SABMiller PLC's Peroni and Grolsch beer brands for over 400 billion yen, the Nikkei daily reported, as part of efforts to offset slow growth at home. But the company has sought grow outside Japan where beer sales have fallen over the...

  • *Lonmin focused on turning cash positive. CAPE TOWN, Feb 9- Platinum producer Lonmin will not "shy away" from any merger or takeover but for now the company is focused on its plan to survive tough market conditions, its chief executive said on Tuesday. Should it be of benefit to our shareholders and stakeholders it's not something we would shy away from, "CEO Ben Magara...

  • PARIS, Feb 8- Casino could beat a 4 billion euro asset disposal target this year following the sale of its Thai business, the French retailer's finance chief said on Monday. The sale of a 58.6 percent stake in Big C for 3.1 billion euros, excluding debt, to Thailand's TCC Group is part of a plan by Casino to reduce its 6 billion euros of debt. Casino's sale of its Big C...

  • The Magic Tree House books

    Lionsgate revealed on Thursday that it had acquired "The Magic Tree House" books for an undisclosed sum and will be developing live-action films.

  • LONDON, Feb 5- CK Hutchison Holdings Ltd has received the EU's list of objections to its takeover of Telefonica's O2, which will create Britain's biggest mobile operator and cut the number of networks to three, a person familiar with the situation said. European Union antitrust regulators launched a full investigation last October into Hutchison's 10.3...

  • By Makiko Yamazaki and J.R. Wu. OSAKA, Japan/ TAIPEI, Feb 5- Taiwan's Foxconn is aiming to finalise a deal to acquire Sharp Corp by the end of the month, after the two firms reached a consensus on most points at a meeting on Friday, Foxconn Chief Executive Officer Terry Gou said. The Apple Inc supplier has offered to invest around 659 billion yen in Sharp, sources familiar...

  • *Gou to hold news conference in Osaka at 0600 GMT. TAIPEI/ TOKYO, Feb 5- Foxconn Chief Executive Officer Terry Gou is in Osaka to meet executives of Japan's Sharp Corp, a Sharp spokesman said, one day after the struggling electronics maker said it was focusing on the Taiwan firm's takeover bid over a rival offer from a Japanese state-backed fund.

  • Feb 4- State Street Corp is nearing a deal to acquire General Electric Co's $115 billion asset management business, according to people familiar with the matter, as the U.S. industrial conglomerate continues to shed unloved assets. State Street, a Boston- based asset manager, has prevailed over other bidders, including Goldman Sachs Group Inc, for the business, and...

  • MADRID, Feb 4- Mexican billionaire Carlos Slim is set to launch a full takeover bid for Spanish building and infrastructures firm FCC after a planned rights issue due to be approved soon, a source familiar with the matter said. Slim's holding company Inversora Carso group, is currently FCC's main shareholder with a 27.43 percent stake, closely followed by Esther...

  • *China needs top notch waste management technology. FRANKFURT, Feb 4- Beijing Enterprise is buying German waste management company Energy from Waste for 1.4 billion euros as China sets about tackling its pollution and waste recycling problems. China set a target to spend about $16 billion between 2013 and 2016 to improve sewage disposal and garbage treatment...