Mergers and Acquisitions Acquisitions

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  • SAN FRANCISCO, May 13- Apple Inc's $1 billion investment in Chinese ride sharing company Didi Chuxing intensifies a race to acquire technology, talent and market access in a rapidly evolving global personal transportation market. "We are making the investment for a number of strategic reasons, including a chance to learn more about certain segments of the...

  • SAN FRANCISCO, May 13- Apple Inc's $1 billion investment in Chinese ride sharing company Didi Chuxing intensifies a race to acquire technology, talent and market access in a rapidly evolving global personal transportation market. "We are making the investment for a number of strategic reasons, including a chance to learn more about certain segments of the...

  • BEIJING, May 13- China's outbound M&A deals could rise to $150 billion this year, smashing last year's record as abundant liquidity allows firms to upgrade their technology and acquire brands, a top executive at the country's leading domestic investment bank said. But this could soar to $130 billion- $150 billion for the year with deals like state-owned...

  • OTTAWA, May 12- Canada's Competition Bureau said on Thursday it would not block Lowe's Companies Inc's proposed purchase of Canadian firm Rona Inc, saying it was satisfied the deal would not substantially lessen competition. The C $3.2 billion takeover bid, which Lowe's unveiled in February, will help the U.S. home improvement retailer compete with Home Depot.

  • *Says proposed deal different from others in Europe. European Union antitrust regulators on Wednesday rejected Hutchison's plan to acquire O2 UK from Spain's Telefonica, a decision which cast doubts on prospects for approval of the Vimpelcom-Hutchison deal in Italy. "It's going to be reviewed on its own merits by Europe and this transaction is very different...

  • SINGAPORE, May 12- Chinese tycoon Wang Jianlin's Wanda Cinema Line Corp, the country's biggest cinemas operator, said on Thursday it plans to acquire movie-making affiliate Wanda Media for 37.2 billion yuan in cash and shares. Wanda Cinema, whose parent Dalian Wanda Group acquired U.S. film studio Legendary Entertainment in January for about $3.5 billion, said...

  • PARIS, May 12- Casino said on Thursday it would spend up to $196 million to take its e-commerce unit Cnova private, nearly two years after listing it on Nasdaq as difficulties in Brazil derailed plans to create a broad e-commerce business. Casino said it would reorganise Cnova's troubled business in Brazil, merging it with another of its units, appliance retailer...

  • MOSCOW, May 12- Telecoms firm Vimpelcom said on Thursday it still expected to merge its Italian business with that of CK Hutchison Holdings around the end of 2016, a day after European regulators blocked a separate Hutchison deal. European Union antitrust regulators on Wednesday rejected Hutchison's plan to acquire O2 UK from Spain's Telefonica, a decision...

  • Nissan acquires 34% stake in Mitsubishi

    Carlos Ghosn, CEO of Nissan, explains why the auto-maker has decided to become the single largest stakeholder of Mitsubishi Motors.

  • Boost organic growth is Alstom’s first priority: CEO

    Alstom CEO, Henri Poupart-Lafarge, reveals what acquisitions the engineer firm is looking into, while commenting on the resumption of its dividend and France’s labor reforms.

  • LONDON, May 11- European tourism group TUI said it planned to sell its specialist group of adventure and education holiday brands, leaving it to focus on its main revenue-generating tourism business after it sold Hotelbeds last month. Separately, it said it would expand the presence of its main holiday and cruise group in France through a deal to acquire Canada-...

  • *1st- quarter adjusted profit $3.04/ shr vs est $3.01. The Dublin drugmaker on Tuesday said the planned $40 billion sale of its generics business to Teva Pharmaceutical Industries will close next month and that it will use $8 billion of the money to pay down company debt. Allergan, known as Actavis Inc until it bought Botox-maker Allergan Inc last year and took on...

  • Vivint Solar has filed a lawsuit in Delaware against SunEdison alleging that the solar company willfully breached its obligations under their merger agreement and is seeking damages. Investors began to lose confidence in SunEdison's expansion, when the company announced a $2.2 billion deal to acquire Vivint in July. The Vivint deal also led to a lawsuit by...

  • JERUSALEM, May 9- Israeli chipmaker TowerJazz swung to a profit in the first quarter, boosted by the acquisition of a U.S. plant, and said it expects revenue to increase further in the next three quarters. Net profit for the first three months of 2016 included a 49 cent- a-share gain from the acquisition of a plant in San Antonio in February. Ellwanger said his company "...

  • PARIS, May 9- Total said on Monday it has agreed to buy France based battery manufacturer Saft Groupe for 950 million euros, as it seeks to expand its renewable energies business and complements the acquisition in 2011 of a majority stake in U.S. solar power systems maker SunPower. Under the deal announced on Monday Total has filed an offer for Saft shares with...

  • LONDON, May 6- Excalibur Steel, the management buyout vehicle interested in purchasing Tata Steel's UK assets, will meet bankers on Friday to seek financing for the deal. Tata UK executive Stuart Wilkie, who leads the group, said that will hold talks with one British and three international banks to present the buyout plan. Excalibur and Sanjeev Gupta's metals...

  • NEW YORK, May 5- Energy Transfer Equity LP Chief Executive Kelcy Warren said on Thursday the pipeline company cannot complete an agreed-upon $21 billion takeover of rival Williams Cos Inc because of tax issues. It is already suing ETE in Delaware to stop a controversial offering of preferred shares to its top shareholders, including Warren.

  • NEW YORK, May 5- Energy Transfer Equity LP Chief Executive Kelcy Warren said on Thursday the pipeline company cannot complete an agreed-upon $21 billion takeover of rival Williams Cos Inc because of tax issues. Energy Transfer units were up $1.01, or 8.3 percent, at $13.21 on Monday morning. Williams shares rose 49 cents, or 2.5 percent, to $19.73.

  • LONDON, May 4- Royal Dutch Shell reduced its 2016 spending plans on Wednesday by another 10 percent from the target set in February when it completed the acquisition of BG Group, and said it could cut further if needed. In its first results since the deal that transformed it into the world's top liquefied natural gas producer, Shell trimmed spending to $30 billion...

  • What's happening with Royal Dutch Shell?

    Jason Gammel, equities analyst at Jefferies, discusses Royal Dutch Shell, its acquisition of BG and how it is responding to oil prices.