Mergers and Acquisitions Acquisitions

  • April 15- Mitel Networks Corp said on Friday it would buy fellow voice and telephony gear maker Polycom Inc for about $1.96 billion in cash and stock, satisfying a demand from hedge fund Elliott Management. Polycom stockholders will get $3.12 in cash and 1.31 Mitel shares for each of their shares, or $13.68 based on the closing price of a Mitel common share on April...

  • JOHANNESBURG, April 14- Anheuser-Busch InBev will invest 1 billion rand to support small South African farmers as part of concessions agreed with the government to secure regulatory approval for its $100 billion- plus takeover of SABMiller, it said on Thursday. The world's biggest brewer said the concessions, which also include a five-year freeze on layoffs,...

  • JOHANNESBURG, April 14- South Africa's Oakbay Investments has failed to restore ties with at least one of the four banks which have ostracized the company over allegations that its owners have undue political influence in the country. Howa was speaking shortly after Oakbay completed a 2.1 billion rand takeover of Optimum Coal Holdings, whose future was...

  • CAIRO, April 14- Egypt's Beltone Financial will pursue its acquisition of CI Capital, the investment banking arm of the country's largest-listed bank, despite delays in regulatory approval, its deputy managing director Ahmed Salem said on Thursday. Commercial International Bank agreed in February to sell CI Capital to billionaire Naguib Sawiris' OTMT for...

  • ITV considers takeover of Entertainment One

    David Neuhauser, managing director of Livermore Partners, discusses reports that ITV is considering a takeover of Entertainment One.

  • People walk past a McDonald's restaurant on April 21, 2007 in Shenyang of Liaoning Province, China.

    McDonald's is targeting private equity firms for its planned sale of 2,800 restaurants in North Asia, people familiar with the matter told Reuters.

  • SAO PAULO, April 13- China State Grid is very interested in acquiring energy transmission projects in Brazil belonging to Abengoa SA and is conducting due diligence on the assets, the director of electric energy regulator Aneel said on Wednesday. Reuters reported earlier this month that officials from State Grid were in Brazil and visiting Abengoa's...

  • WASHINGTON, April 12- A California administrative law judge recommended approving Charter Communications Inc's proposed acquisition of Time Warner Cable and Bright House Networks with some significant conditions, according to a decision made public late on Tuesday. California is the last state where the deal still faces approval. In California, the...

  • The acquisition marks the latest effort by Cincinnati- based Scripps, which has 33 local television and 34 radio stations across the country, to ramp up its digital offering to appeal to millennials. "There is a ton of evidence that humor is the lens through which millennials see the world," said Adam Symson, chief digital officer at Scripps, citing shows like "The...

  • Alibaba's big buy

    CNBC's Susan Li looks at Alibaba's $1 billion investment in Southeast Asian online retailer, Lazata.

  • BEIJING/ BENGALURU, April 12- Alibaba Group Holding Ltd has agreed to buy a controlling stake in Southeast Asian online retailer Lazada Group for about $1 billion, its biggest deal overseas, as the Chinese ecommerce giant seeks fertile new turf while growth slows at home. Lazada, founded by Germany's Rocket Internet in 2012, is headquartered in Singapore and...

  • BEIJING/ BENGALURU, April 12- Alibaba Group Holding Ltd said on Tuesday it has agreed to buy a controlling stake in Southeast Asia online retailer Lazada Group for about $1 billion, its biggest deal overseas, as the Chinese e-commerce giant seeks fertile new turf while growth slows at home. Lazada, founded by Germany's Rocket Internet in 2012, is headquartered in...

  • Signage for 1Malaysia Development Bhd. (1MDB) is displayed at the site of the Tun Razak Exchange (TRX) project in Kuala Lumpur, Malaysia.

    Abu Dhabi's wealth fund said a subsidiary never received $3.5 billion that troubled 1MDB sent to a British Virgin Islands firm with a similar name.

  • SAO PAULO, April 11- Brazil's BM&FBovespa SA is arranging loan financing to fund its 12.9 billion reais takeover of rival Cetip SA Mercados Organizados as both companies agreed to form a giant financial exchange with a presence from Mexico to Chile. BM&FBovespa Chief Executive Officer Edemir Pinto, who will run the combined entity, declined to elaborate on the...

  • SAO PAULO, April 11- BM&FBovespa SA is currently arranging loan financing for the acquisition of rival Cetip SA Mercados Organizados, a deal that could cost Brazil's largest financial exchange up to 12.9 billion reais, mostly in cash. BM&FBovespa Chief Executive Officer Edemir Pinto said on Monday the deal will create "billions of reais" in cost savings in back...

  • SAO PAULO, April 8- BM&FBovespa SA, Latin America's largest financial bourse, took over rival Cetip SA Mercados Organizados in a transaction valued at almost 12 billion reais, creating a giant with growing presence in regional financial markets spanning from Mexico to Chile. Cetip is Latin America's largest depositary of financial securities with a vast...

  • SAO PAULO, April 8- BM&FBovespa SA, Latin America's largest financial bourse, will buy rival Cetip SA Mercados Organizados, creating a giant with a market value of over $11 billion and growing regional presence spanning from Mexico to Chile. Under terms of a revamped, unsolicited offer unveiled on Friday, BM&FBovespa agreed to pay Cetip shareholders 30.75 reais...

  • CHICAGO/ WASHINGTON, April 8- The U.S. Justice Department on Friday urged a regulator to reject a voting trust Canadian Pacific Railway Ltd has proposed as part of its takeover bid for Norfolk Southern Corp, saying it could hurt competition and would violate rules. In mid-November, CP disclosed a $28 billion offer for Norfolk, Virginia- based company, which has...

  • *European pharma shares gain after Pfizer/Allergan deal collapse. LONDON, April 8- In a drug sector awash with cash, even U.S. government moves to call time on an acquisition boom aren't dousing hopes for more takeover deals as companies look to expand. Treasury set out regulations this week to curb tax-avoiding corporate "inversions," resulting in the collapse of...

  • April 8- NXP Semiconductors NV is considering a sale of its standard products business and has received interest from Chinese buyers, Bloomberg reported on Friday, citing sources familiar with the matter. NXP, whose shares were up about 3 percent in early U.S. trading, may seek at least $2 billion for the unit, which makes semiconductor parts used in consumer...