Mergers and Acquisitions Acquisitions

  • JOHANNESBURG, June 30- South Africa cleared Anheuser-Busch Inbev's $100 billion- plus deal to acquire SABMiller on Thursday, putting the world's largest brewer "on track" to complete the merger within the next six months. The Competition Tribunal, which gives the final word on mergers in Africa's most industrialized country, said in a statement that...

  • TOKYO, June 30- Japan's anti-monopoly regulator has approved Canon Inc's acquisition of Toshiba Corp's medical equipment unit, but issued a warning over the way they carried out the deal, which antitrust experts have called questionable. The Fair Trade Commission said on Thursday the method may be in violation of antitrust laws. "Canon thought the deal would be...

  • TOKYO, June 30- Japan's anti-monopoly regulator has approved Canon Inc's acquisition of Toshiba Corp's medical equipment unit, but issued a warning over the way they carried out the deal, which antitrust experts have called questionable. Toshiba, hurt by an accounting scandal and in a hurry to raise cash before closing its books for the business year that ended...

  • Brexit's impact on M&A

    Karri Vuori, head of M&A at Panmure Gordon, discusses the potential impact of the U.K.'s decision to leave the EU on mergers and acquisitions.

  • *Asia's share of global M&A surges to 66 pct in H1 2016. HONG KONG, June 30- Foreign takeover bids by little-known Chinese companies, from real estate firms to a vacuum cleaner maker, are driving a surge in the due diligence industry as their targets and even rival suitors seek to answer the question, "Who are these guys?" "There are question marks around some of the...

  • HONG KONG, June 30- Foreign takeover bids by little-known Chinese companies, from real estate firms to a vacuum cleaner maker, are driving a surge in the due diligence industry as their targets and even rival suitors seek to answer the question, "Who are these guys?" Chinese outbound M&A activity has more than doubled in two years, hitting a record $120 billion in...

  • June 29- Energy Transfer Equity walked away from its more than $20 billion takeover of Williams Cos Inc on Wednesday after months of lawsuits and heated arguments between the rival pipeline companies. A Delaware judge ruled last week that ETE could terminate the deal after Tuesday over tax issues that were raised by the company's lawyers.

  • CHICAGO, June 29- Monsanto Co is in talks with Bayer AG and other companies regarding "alternative strategic options," a month after it rejected the German company's $62- billion takeover offer, the U.S. seed producer said on Wednesday. "Monsanto remains the partner of choice in this industry and I assure you that we will continue to actively explore these...

  • June 29- Energy Transfer Equity walked away from its more than $20 billion takeover of Williams Cos Inc on Wednesday after months of lawsuits and heated arguments between the rival pipeline companies. A Delaware judge ruled last week that ETE could terminate the deal after Tuesday over tax issues that the company's lawyers raised. It has previously said...

  • CHICAGO, June 29- Monsanto Co said on Wednesday it was in talks with Bayer AG and other companies regarding "alternative strategic options," a month after the U.S. seed producer rejected the German company's $62 billion takeover offer. Monsanto, which also reported lower-than-expected sales for the sixth straight quarter, said there was "no formal update on the...

  • June 29- Monsanto Co said it was in talks with Bayer AG's management and others regarding "alternative strategic options," a month after the U.S. seed producer rejected the German company's $62 billion takeover offer. The net income attributable to Monsanto plunged more than 37 percent to $717 million, or $1.63 per share, in the third quarter ended May 31.

  • June 29- Canadian Imperial Bank of Commerce said it would buy Chicago- based PrivateBancorp Inc in a cash-and-stock deal valued at about $3.8 billion to expand its business. CIBC said on Wednesday it would pay $47 per share for PrivateBancorp. This represents a premium of about 31 percent, based on the closing price of the two companies stocks on Tuesday.

  • The deal has also won antitrust approval in Europe and Brazil. The two companies account for 60 percent of beverage can supply in North America, 69 percent in Europe and 74 percent in Brazil, according to Morningstar analysts. European packaging maker Ardagh Group has agreed to buy divested assets for $3.42 billion, including 12 plants in Europe, eight in the...

  • Idemitsu agreed late last year to buy Showa Shell for about $4 billion, creating what would be Japan's No.2 refiner by capacity. However, opposition from the founding family and related parties, which together hold 33.92 percent of Idemitsu shares, could be enough to veto the takeover, Kyodo and Jiji News said. The merger of Idemitsu, which has close ties with Iran,...

  • TOKYO, June 28- The founding family of Idemitsu Kosan Co is opposed to the Japanese refiner's planned takeover of smaller rival Showa Shell Sekiyu, Kyodo and other local media reported. But opposition from the founding family and related parties, which together hold 33.92 percent of Idemitsu shares, could be enough to veto the takeover, Kyodo and Jiji News said.

  • June 28- Liquid Telecom and Royal Bafokeng Holdings will buy South African telecoms operator Neotel for 6.55 billion rand from India's Tata Communications and minority shareholders, the acquiring companies said on Tuesday. "Liquid Telecom is partnering with Royal Bafokeng Holdings, a South African investment group, which has committed to take a 30 percent...

  • June 27- Ride-sharing service Lyft has hired investment bank Qatalyst Partners, the Wall Street Journal reported on Monday, citing people familiar with the matter. Qatalyst Chairman Frank Quattrone has contacted companies including large automakers about acquiring a stake in Lyft, the Journal said, citing the people. Qatalyst was also Qlogic Corp's...

  • NEW YORK, June 27- Williams Cos Inc shareholders voted on Monday for the pipeline company's agreed upon takeover by rival Energy Transfer Equity, while Williams appeals a court ruling that would allow ETE to walk away from the more than $20 billion deal. Williams is appealing a ruling in Delaware Court of Chancery on Friday that said Energy Transfer, or ETE, had not...

  • NEW YORK, June 27- Williams Cos Inc shareholders voted on Monday for the pipeline company's agreed upon takeover by rival Energy Transfer Equity, while Williams appeals a court ruling that would allow ETE to walk away from the more than $20 billion deal. Williams is appealing a ruling in Delaware's Supreme Court on Friday by Vice Chancellor Sam Glasscock, who...

  • BRUSSELS, June 27- EU antitrust authorities will rule by Aug. 1 whether to allow Sony Corp buy out the Michael Jackson estate's stake in its music publishing joint venture, a move which rivals such as Warner Music Group say gives Sony too much power. Sony signed a deal in March to acquire the stake that the deceased pop star held in Sony/ATV Music Publishing, the...