Mergers and Acquisitions Acquisitions

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  • Jan 20- Staples Inc said it would give itself three more months before calling off its proposed $6.3 billion- acquisition of Office Depot Inc, giving the companies time to fight an antitrust lawsuit with the Federal Trade Commission. Staples said on Wednesday it would extend the termination date of the proposed acquisition to May 16 from Feb. 4, the previous...

  • Spanish-language broadcaster, has bought a 40 percent stake in Onion Inc, the company that owns the site as well as film review website The A.V. Club and satire site ClickHole. "The communications company has acquired a good chunk of Onion Inc as of, and may acquire the remainder down the line," Onion Chief Executive Mike McAvoy said in a memo to employees.

  • Bitcoin exchange Kraken buys Coinsetter, Cavirtex Tuesday, 19 Jan 2016 | 10:16 AM ET

    NEW YORK, Jan 19- Global bitcoin exchange Kraken said on Tuesday it is acquiring digital currency exchanges Coinsetter and Cavirtex, strengthening its expansion in North America. But Coinsetter has certainly a cautious approach to the United States and it doesn't have contingent liabilities hanging around its head and that's pretty appealing to us. "

  • HELSINKI, Jan 19- U.S. biotechnology company Acorda Therapeutics Inc. announced on Tuesday an agreed $363 million cash bid for all of the shares in Finland's Biotie Therapies. The company will offer 0.294 euros for each Biotie share, a premium of about 95 percent compared with the closing price on Monday. Biotie shares had jumped 79 percent to 0.27 euros by 0824...

  • *Potentially first U.S. cargo to head to Asia after ban lifted. TOKYO/ SINGAPORE, Jan 19- Japan's Cosmo Oil Co has purchased a U.S. crude oil cargo, the first by a buyer in the region since the ending of a four-decade ban on most U.S. crude exports and potentially the first in Asia, two sources familiar with the matter said on Tuesday. While exports of U.S. crude have already...

  • *Value of Brazil's M&A deals slumped 30 pct last year. SAO PAULO, Jan 15- Banco Bradesco BBI SA, which ended last year as the top-ranked advisor for mergers and acquisitions in Brazil for the first time in nearly two decades, expects a worsening recession and weakening currency to fuel takeover activity in coming months. The investment banking unit of Banco...

  • LONDON, Jan 15- Japan's Asahi Group Holdings and Spain's S.A. Damm have submitted offers for SABMiller's Peroni and Grolsch beer brands alongside a handful of private equity bidders, three sources with direct knowledge of the matter said on Friday. The two brands, which are to be sold as part of Anheuser-Busch InBev's $100 billion- plus takeover of SABMiller, have...

  • NEW YORK, Jan 15- For KKR& Co LP, the private equity firm behind some of the world's largest leveraged buyouts, the acquisition of U.S. outdoor retailer Mills Fleet Farm for a little more than $1.2 billion should have been a formality. The New York- based firm, run by legendary dealmakers Henry Kravis and George Roberts, was almost a handshake away from clinching the...

  • BERNE/ SAO PAULO, Jan 14- Switzerland's BancaStato has emerged as a prospective buyer of BSI, the Swiss private bank bought last year for $1.3 billion by Brazil's embattled Grupo BTG Pactual SA, while bigger rival Julius Baer suggested it would not be bidding. "BancaStato sent a non-binding letter of intent for the acquisition of the capital stock of BSI SA.

  • BEIJING, Jan 14- Flanked by models in white sequin dresses, amid booming music and dazzling lights, China's richest man savoured his latest entertainment triumph this week, the announcement of a $3.5 billion deal to take over a Hollywood blockbuster movie studio. Acquiring Legendary Entertainment puts Wang Jianlin and his conglomerate, the Dalian Wanda Group,...

  • UPDATE 1-Bitcoin firm buys industry publication CoinDesk Wednesday, 13 Jan 2016 | 2:06 PM ET

    The editorial and business teams at CoinDesk will merge with DCG's new events platform, doubling its size and forming a new New York- based subsidiary focused on providing news coverage, research, and events. CoinDesk's headquarters were moved to New York from London, Selkis said. The media outfit currently has 10 employees, plus contributors spread across two...

  • Bitcoin firm buys industry publication CoinDesk Wednesday, 13 Jan 2016 | 11:35 AM ET

    NEW YORK, Jan 13- Digital Currency Group, a holding firm focused on investing and developing businesses that deal in bitcoin and other cryptocurrencies, has acquired the industry publication CoinDesk, the company said in a statement on Wednesday. The editorial and business teams at CoinDesk will merge with DCG's new events platform, doubling its size and...

  • Jan 13- David Tepper- led hedge fund Appaloosa Management LP sued to prevent SunEdison Inc's yieldco from taking over some of Vivint Solar Inc's assets after SunEdison acquires the rooftop panel installer. Appaloosa is seeking "immediate injunctive relief", given that SunEdison's acquisition of Vivint could close "at any time," the hedge fund said in a filing in a...

  • Jan 12- Health insurer Anthem Inc, which is buying rival Cigna Corp, said it expected its adjusted net income to rise to over $10.80 per share in 2016 from $10.16 estimated for 2015.. Anthem, which is acquiring Cigna for $47 billion, is optimistic about getting antitrust approval for the merger, Chief Executive Joseph Swedish told Reuters on Monday.

  • Grindr sells stake to Chinese company Tuesday, 12 Jan 2016 | 1:38 AM ET
    Grindr dating app signage on balloons

    Grindr, the popular dating and social networking app for gay men, has found itself a match, the NYT reports.

  • TOKYO, Jan 12- Japan's Asahi Group Holdings is considering acquiring Grolsch and Peroni, two beer brands owned by SABMiller PLC, to secure growth beyond a saturated and aging home market, a source familiar with the matter said on Tuesday. "The two brands have a high presence in developed markets, and there's very little risk that financial results will deteriorate...

  • *Deal offers $18 and 0.1482 Shire ADS per Baxalta share. LONDON, Jan 11- Drugmaker Shire Plc clinched its six-month pursuit of Baxalta International Inc on Monday with an agreed $32 billion cash and stock offer, catapulting it to a leading position in treating rare diseases. Shareholders will receive $18 in cash and 0.1482 Shire American depositary share per...

  • *Deal offers $18 and 0.1482 Shire ADS per Baxalta share. LONDON, Jan 11- Drugmaker Shire Plc clinched its six-month pursuit of Baxalta International Inc on Monday with an agreed $32 billion cash and stock offer, catapulting it to a leading position in treating rare diseases. Shareholders will receive $18 in cash and 0.1482 Shire American depositary share per...

  • IHS, which provides information and analytics to customers from airspace and shipping to government security, will pay $650 million for U.S.-based Oil Price Information Service to add real-time pricing information to its energy analytics business. In November 2015, another pricing agency, London- based Argus Media, the second largest of the PRAs after...

  • CHICAGO, Jan 11- Arch Coal, the second-largest U.S. coal miner, filed for Chapter 11 bankruptcy protection on Monday with a plan to cut $4.5 billion in debt from its balance sheet in the midst of a prolonged downturn in the coal industry. Missouri- based Arch Coal has been saddled with debt since its $3.4 billion acquisition of International Coal Group in 2011, which...