Mergers and Acquisitions Acquisitions

  • The company's recently launched breast cancer treatment, Ibrance, generated sales of $514 million, up from $140 million in the year-ago quarter and eclipsing the average Wall Street expectation of $496 million, compiled by Evercore ISI. Pfizer, which in April terminated its $160 billion tax inversion deal to acquire Irish drugmaker Allergan Plc, said it...

  • The largest U.S. drugmaker's revenue rose to $13.15 billion in the second quarter from $11.85 billion, a year earlier. The company's net income fell to $2.02 billion, or 33 cents per share, from $2.63 billion, or 42 cents per share. Pfizer in April terminated its $160 billion tax inversion deal to acquire Irish drugmaker Allergan Plc..

  • NEW YORK, Aug 1- Pipeline company Williams Cos Inc on Monday laid out plans to move forward as a standalone company and invest $1.7 billion in its master limited partnership, Williams Partners, in the wake of the breakup of its more than $20 billion takeover by Energy Transfer Equity LP. Shortly following the deal's collapse in June, nearly half of Williams' board...

  • NEW YORK, Aug 1- Pipeline company Williams Cos Inc on Monday laid out plans to move forward as a standalone company and invest $1.7 billion in its master limited partnership, Williams Partners, in the wake of the breakup of its more than $20 billion takeover by rival Energy Transfer Equity LP in June. "I don't think there's anybody positioned the way Williams is...

  • Aug 1- Cloud-based software maker Salesforce.com Inc said on Monday it agreed to acquire document-editing startup Quip for about $582 million. Salesforce has an existing investment in Quip, whose word-processing platform is designed to be used by teams to edit documents or spreadsheets on mobile devices, wearables and desktops. Quip Chief Executive Bret...

  • Aug 1- Verizon Communications Inc said on Monday it would buy GPS vehicle tracking firm Fleetmatics Group Plc for about $2.4 billion in cash to bolster its expansion into the connected vehicle and fleet management market. Shares in Fleetmatics soared 39 percent to $59.60 while Verizon dipped 0.7 percent to $55.01. Fleetmatics, with North American...

  • *Tesla offers 0.110 of its shares per SolarCity share. Aug 1- SolarCity Corp agreed to be acquired by sister company Tesla Motors Inc in a deal worth $200 million less than the initial offer, sending shares of both companies down in early trading on Monday. Electric vehicle maker Tesla expects to achieve "significant" cost savings and "dramatic improvements" in...

  • Aug 1- Pfizer Inc said it had acquired privately held gene therapy developer Bamboo Therapeutics Inc in a deal worth up to $645 million to boost its presence in the treatment of rare diseases. The U.S. Food and Drug Administration has yet to approve any gene therapies but Europe has approved two- a treatment from GlaxoSmithKline for a rare immune disorder in...

  • PARIS, Aug 1- French cheese producer Bel Group, famous for its La Vache qui rit brand, has started talks with LBO France to buy a majority stake in marmalade maker MON in a drive for leadership in the healthy snacks market. MOM Group- which owns the Materne marmalade and Pom'Potes and GoGo Squeez fruit drink brands- employs 1,300 people and owns two production sites in...

  • Aug 1- Tesla Motors Inc said it would buy solar panel installer SolarCity Corp for $2.6 billion in shares to form a one-stop clean energy shop. The deal is a major part of Tesla Chief Executive Elon Musk's master plan "part deux" that calls for the company to offer consumers a single source of hardware to power a low-carbon lifestyle. SolarCity's shares, which had...

  • *Deal could be valued at close to $1 bln. PARIS/ JAKARTA, Aug 1- Indonesian state energy firm Pertamina plans to buy a one quarter stake in France's Maurel et Prom from its boss and extend the offer to take over the rest of the Africa- focused oil company in a deal that could value it at close to $1 billion. Pertamina said the acquisition of the 24.5 percent stake from...

  • *Jaona Investment takes 6.55 pct stake. DUBAI, July 31- Billionaire Dubai businessman Mohamed Alabbar led two investor groups that recently bought a combined 16.45 percent stake in Dubai- based courier Aramex, a source familiar with the matter said. Aramex said earlier on Sunday in a bourse filing that its founder Fadi Ghandour had sold his 9.9 percent stake held...

  • July 30- A Chinese consortium that includes game developer Shanghai Giant Network Technology Co Ltd and e-commerce company Alibaba Group Holding Ltd founder Jack Ma has agreed to acquire Caesars Interactive Entertainment Inc's online games unit for $4.4 billion in cash, the companies said. Caesars Interactive Entertainment is currently owned by Caesars...

  • July 30- A Chinese consortium that includes game developer Shanghai Giant Network Technology Co Ltd and e-commerce company Alibaba Group Holding Ltd founder Jack Ma has agreed to acquire Caesars Interactive Entertainment Inc's online games unit for $4.4 billion in cash, people familiar with the matter said. Caesars Interactive Entertainment is...

  • The agreement, which comes after an investigation of several months by the Attorney General's office over the trust's governance, compensation and expenses, could offer the clarity needed for Mondelez to make a new bid to acquire Hershey. The Attorney General's office had accused the trust of breaking the terms of a 2013 reform agreement.

  • The agreement, which comes after an investigation of several months by the Attorney General's office, could offer the clarity needed for Mondelez to make a new bid to acquire Hershey. The Attorney General's office had accused the trust of breaking the terms of a 2013 reform agreement with the trust, particularly with regards to spending, expenses, salary and...

  • *79 bln pound deal would be biggest takeover of UK company. LONDON/ BRUSSELS, July 29- The board of brewer SABMiller will recommend its shareholders approve a sweetened takeover offer by Anheuser-Busch InBev, the company said on Friday, capping a week of high drama about the fate of the consumer industry's biggest-ever merger. Its earlier offer had been made less...

  • LONDON, July 29- The board of brewer SABMiller will recommend its shareholders approve a sweetened takeover offer by Anheuser Busch InBev, the company said on Friday, capping a week of high drama about the fate of the consumer industry's biggest-ever merger. AB InBev added a pound-per-share to its cash offer on Tuesday to quash investor dissent over a deal that...

  • LONDON, July 29- The board of brewer SABMiller will recommend shareholders approve the final takeover offer by Anheuser Busch InBev, the company said on Friday, capping a week of high drama about the fate of the consumer industry's biggest-ever merger. AB InBev raised its cash offer to most shareholders by a pound-per-share on Tuesday, after the recent fall in...

  • July 29- Power producer NextEra Energy Inc said it agreed to buy Energy Future Holdings Corp as well as the bankrupt Texas power company's stake in Oncor Electric Delivery Co in a deal with an enterprise value of about $18.4 billion. The deal will give NextEra access to Oncor, the operator of the largest network of power lines in Texas which it had tried to acquire...