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Mergers and Acquisitions Acquisitions

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  • NEW YORK, Aug 6- Generic drugmaker Mylan Inc's chief executive said on Thursday that acquiring Perrigo Co was not a must and that it has other options should Perrigo successfully fend off Mylan's $34 billion hostile offer. However, Mylan CEO Heather Bresch said in an interview that getting the Perrigo deal done remains a top priority and that she still believes...

  • Not surprised by Ackman's $5.5B stake in Mondelez: Analyst

    Alexa Howard, Sanford Bernstein senior analyst, weighs in on Bill Ackman's move to acquire a 7.5 percent stake in snack food maker Mondelez.

  • *Buys Singapore-based Classic Fine Foods. *Fewer new stores planned in Russia. DUESSELDORF, Aug 6- German retailer Metro AG has bought Singapore- based restaurant supplier Classic Fine Foods Group from private equity group EQT for $290 million to help it expand in the food delivery business in Asia and Europe.

  • Bill Ackman takes $5.5B stake in Mondelez Thursday, 6 Aug 2015 | 7:03 AM ET
    Bill Ackman takes $5.5B stake in Mondelez

    Pershing Square Capital Management now has a 7.5 percent position in food giant Mondelez, reports CNBC's Scott Wapner.

  • Bill Ackman takes $5.5B stake in Mondelez Thursday, 6 Aug 2015 | 6:34 AM ET
    Bill Ackman takes $5.5B stake in Mondelez

    Hedge fund Pershing Square Capital Management now has a 7.5 percent position in food giant Mondelez, reports CNBC's Scott Wapner.

  • JERUSALEM, Aug 5- El Al Israel Airlines said on Wednesday it was opening talks with Boeing to buy and lease up to 15 new Dreamliner aircraft over the next five years in a deal that could be worth $800- $900 million, its biggest-ever plane order. "El Al's board today authorised the company to hold talks with Boeing over the acquisition of wide-body Dreamliner aircraft...

  • *Adidas pays 220 mln euros for Runtastic. FRANKFURT, Aug 5- Adidas AG has bought fitness tracking app maker Runtastic, giving it access to a community of 70 million active users and helping it catch rivals in connected wearables. Fast-growing Under Armour Inc, which last year overtook Adidas as the second-biggest sportswear maker in the United States, earlier...

  • *Q2 refinery margins up to $17.42/ bbl from $14.54. Aug 5- HollyFrontier Corp posted a better-than-expected profit for the second straight quarter, showing that the U.S. refiner had put behind it a disruptive start to the year when it made a failed attempt at an acquisition and rebuffed a takeover offer. HollyFrontier was among the bidders for Citgo Petroleum Corp,...

  • *Medicaid memberships rise 10.8 pct. Last month, Anthem Inc said it would buy Cigna Corp and Aetna Inc announced the acquisition of Humana Inc.. The deals could present acquisition opportunities for WellCare and rival Centene Corp as Anthem and Aetna might have to sell some Medicare Advantage plans to satisfy antitrust regulators.

  • CHICAGO, Aug 4- Archer Daniels Midland Co's plans to acquire a privately held sweetener manufacturer in central China have fallen through, the U.S. agribusiness company's chief executive officer said on Tuesday. In May, the Chicago- based company said it had struck a deal to buy Meiweiyuan Biotechnology, in the central Chinese province of Hubei, to "better meet...

  • Aug 4- Handbag maker Coach Inc reported better-than-expected quarterly profit and sales, helped by the acquisition of luxury shoe brand Stuart Weitzman Holdings LLC and some recovery in demand in North America, its biggest market. Coach, which is facing fierce competition from newer entrants such as Michael Kors Holdings Ltd, Kate Spade& Co and Tory Burch LLC, is...

  • *HSBC to sell Brazil arm to Bradesco for $5.2 bln. HONG KONG/ LONDON, Aug 3- HSBC Holdings beat expectations with a 10 percent rise in first-half profit thanks to a strong performance in Hong Kong and said it had agreed a $5.2 billion sale of its business in Brazil. HSBC said its first-half profit growth was driven by an investing frenzy in Hong Kong among individual...

  • Private equity pioneer Kohlberg dies at age 90 Saturday, 1 Aug 2015 | 2:07 PM ET
    The New York Stock Exchange

    Jerome Kohlberg Jr., the veteran financier who pioneered leveraged-buyouts, died on Thursday at his home in Martha's Vineyard. He was 90.

  • Yahoo buys fashion website Polyvore Friday, 31 Jul 2015 | 6:24 PM ET

    July 31- Yahoo Inc said on Friday it agreed to buy fashion start-up Polyvore to help drive traffic and strengthen its mobile and social offerings. Yahoo, which did not disclose terms of the deal, said Polyvore will accelerate its' Mavens' growth strategy. Polyvore's co-founder and CEO Jess Lee was earlier part of Google Inc's associate manager program, which...

  • DUBLIN, July 31- Irish aircraft leasing firm Avolon said on Friday it was considering an unsolicited takeover bid of $31 per share from China's Bohai Leasing Co Ltd, which would value the firm at over $2.5 billion. Bohai, which earlier this month agreed to buy 20 percent of U.S.-listed Avolon for $429 million, was informed of the unsolicited offer and made its own...

  • BNP Paribas CFO: Rise in cost of risk due to M&A Friday, 31 Jul 2015 | 1:00 AM ET
    BNP Paribas CFO: Rise in cost of risk due to M&A

    Lars Machenil, CFO of BNP Paribas, discusses the company's second quarter earnings and explains why the cost of risk has increased.

  • If it acquires K+ S, Potash Corp, the world's biggest fertilizer producer, would finish building K+ S's Saskatchewan mine and operate it, selling its potash offshore through its Canpotex marketing arm, Chief Executive Jochen Tilk said during a conference call. Potash Corp said it intends to talk with K+ S management, despite K+ S's rejection this month of Potash...

  • July 30- European private equity firm PAI Partners said on Thursday it had agreed to sell Swissport International to China's HNA Group, a deal that will help the Swiss air cargo handler broaden its reach in Asia. HNA Group, the owner of China's Hainan Airlines, will pay 2.7 billion Swiss francs for Zurich- based Swissport. "The acquisition by HNA will enable the...

  • *HollyFrontier shares surge, Tesoro falls. July 30- Tesoro Corp held talks to buy smaller rival oil refiner HollyFrontier Corp earlier this year in a bid to join the top echelons of the competitive U.S. refining industry, according to people familiar with the matter. The sources did not disclose Tesoro's offer price for HollyFrontier, which has a market...

  • PARIS/ HELSINKI, July 30- Shares in telecom network gear makers Nokia and Alcatel-Lucent jumped on Thursday after both posted strong second-quarter results, giving a positive signal ahead of their pending merger. Nokia's 15.6 billion euro acquisition of Alcatel-Lucent announced in mid-April aims to position the company to better compete with market...