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Mergers and Acquisitions Acquisitions

  • LONDON, Feb 17- U.S. food company Kraft Heinz Co made a surprise $143 billion offer for Unilever in a bid to build a global consumer goods giant, although it was flatly rejected on Friday by the maker of Lipton tea and Dove soap. A combination would be the third-biggest takeover in history and the largest acquisition of a UK- based company, according to Thomson Reuters...

  • Aetna is doubling the quarterly dividend it pays shareholders and buying back stock as it regroups from its failed attempt to acquire rival health insurer Humana. The Hartford, Connecticut, insurer had said Tuesday that it was calling off plans to buy Humana Inc. for roughly $34 billion. Aetna had paused its dividend increases after announcing the Humana bid...

  • A combination would be the third-biggest takeover in history and the largest acquisition of a UK- based company, according to Thomson Reuters data, triggering British fears over jobs. It would bring together some of the world's best known brands, from toothpaste to ice creams, and combine Kraft's strength in the U.S. with Unilever's in Europe and Asia.

  • NEW YORK— U.S. food giant Kraft Heinz Co. said that its bid to acquire Europe's Unilever had been rejected, but that it would still try to hammer out a deal. Brands: More than 200, including Oscar Mayer, Jell-O, Velveeta, Ore-Ida, Classico, Capri Sun, Grey Poupon, Planters, Maxwell House, Kool-Aid and Philadelphia. Brands: More than 400, including Dove, Hellman's, Lipton,...

  • A combination would be the third-biggest takeover in history and the largest acquisition of a UK- based company, according to Thomson Reuters data, triggering British fears over jobs. It would bring together some of the world's best known brands, from toothpaste to ice creams, and combine Kraft's strength in the U.S. with Unilever's in Europe and Asia.

  • *Unilever says $50/ shr bid too low. LONDON, Feb 17- Unilever rejected a surprise $143 billion takeover bid from U.S. food company Kraft Heinz Co on Friday, saying it saw no reason to discuss a deal which it said had no financial or strategic merit. A combination of the two multinationals would be the third-biggest takeover in history and the biggest ever acquisition...

  • FRANKFURT, Germany— Employee representatives and union leaders at General Motor's Opel subsidiary say they're ready for "constructive talks" with France's PSA Group about a possible takeover— but will push to keep current jobs and factories. They said "our objective must be to seize the existing opportunities to safeguard employment and sites to create a...

  • FRANKFURT, Feb 17- German generic drugs company Stada has received a new takeover approach which values it at 3.6 billion euros, raising the stakes in a three-way bidding war and pushing its shares to a new record. Two people familiar with the matter identified the new bidder on Friday as buyout group Bain Capital. The company said earlier this week that buyout...

  • *New offer values Stada at 3.6 bln eur. FRANKFURT, Feb 16- German generic drugs company Stada said on Thursday it had received its third takeover approach, and at 58 euros per share, the latest offer was two euros higher than rival suitor Cinven Partners' offer. Private equity firm Advent International was the second prospective bidder though a price has not been...

  • *German, UK officials say reassured on jobs after GM contacts. *UK union says no assurances yet, seeks PSA meeting. LONDON/ FRANKFURT, Feb 16- Germany expects PSA Group's proposed acquisition of General Motors' Opel business to go ahead, a minister said on Thursday, after the U.S. carmaker sought to allay fears of large-scale plant closures.

  • Feb 16- Duke Energy Corp, the biggest U.S. power company by generation capacity, posted a quarterly loss, stemming from the sale of its international business last year. Net loss attributable to the Duke Energy was $227 million, or 33 cents per share, in the fourth quarter ended Dec. 31, compared with a profit of $477 million, or 69 cents per share, a year earlier.

  • MUNICH, Feb 16- Infineon signalled on Thursday that its $850 million purchase of Cree's Wolfspeed Power may collapse because of unspecified U.S. government security concerns. Infineon Chief Executive Officer Rheinhard Ploss told the chipmaker's annual shareholder meeting there was "a very significant risk that we will not be able to complete the takeover...

  • In separate rulings, federal judges struck down both deals as anticompetitive, at the request of the Justice Department. Cigna also filed a lawsuit in Delaware, seeking legal sanction for its decision to end the deal and approval for $13 billion in damages for its shareholders who did not receive the takeover premium. Anthem's lawsuit, which was also filed in...

  • Feb 15- Verizon Communications Inc has tentatively reached a revised deal that would lower by about $250 million the price to acquire Yahoo Inc's core internet business, Bloomberg reported on Wednesday. Verizon's deal to buy Yahoo's assets, including its digital advertising, email and media assets, was worth $4.83 billion when it was first announced.

  • FRANKFURT, Germany— German politicians are expressing concern about a possible takeover of General Motors' Opel division by France's PSA Group, maker of Peugeot and Citroen cars. Opel employs 19,000 people in Germany out of a total work force of 38,000. And it's an election year in Germany, which means politicians are particularly sensitive to anything that...

  • Cigna also filed a lawsuit in Delaware, seeking legal sanction for its decision to end the deal and approval for $13 billion in damages for its shareholders who did not receive the takeover premium. President Donald Trump and Republicans have vowed to repeal and replace Obamacare, the national healthcare reform law that created new individual insurance and...

  • Cigna also filed a lawsuit in Delaware on Tuesday, seeking legal sanction for its decision to end the deal and approval for $13 billion in damages for its shareholders who did not receive the takeover premium. Anthem in its lawsuit, which was also filed in Delaware, is seeking a temporary restraining order to prevent Cigna from ending the deal, arguing there is...

  • *Hologic to pay $66 per Cynosure share. Feb 14- Hologic Inc said on Tuesday it would acquire medical aesthetics company Cynosure Inc for $1.65 billion as it looks to capitalize on an increase in medical procedures that are not traditionally reimbursed. Much of aesthetics is not subject to reimbursement risks, making it less cyclical, William Blair analyst...

  • *Hologic to pay $66 per Cynosure share. Feb 14- Hologic Inc said on Tuesday it would acquire medical esthetics company Cynosure Inc for $1.65 billion as it looks to capitalize on an increase in medical procedures that are not traditionally reimbursed. Much of esthetics is not subject to reimbursement risks, making it less cyclical, William Blair analyst...

  • *Opel business has struggled for profitability. For PSA, owner of the Peugeot, Citroen and DS brands, acquiring GM's Opel and Vauxhall brands would give it a 16.3 percent share of the European passenger car market, vaulting it into second place in the region, ahead of French rival Renault SA and behind Germany's Volkswagen AG. Germany's industrial union IG Metall...