×

Mergers and Acquisitions Acquisitions

  • SINGAPORE, July 13- Global Logistic Properties has picked a Chinese private equity consortium over a Warburg Pincus-led group for final talks to acquire Asia's biggest warehouse operator, two sources familiar with the matter said on Thursday. After months of negotiations, a special committee of GLP's independent directors is aiming to finalise a deal this...

  • July 12- American Airlines Inc said on Wednesday that state-owned Qatar Airways has revised its antitrust filing with U.S. regulators seeking clearance to buy up to a 10 percent stake in the U.S. carrier, but there were no details provided on the new filing. Separately, American said it is ending code-share agreements with both Qatar Airways and Abu Dhabi's...

  • July 12- American Airlines Inc said on Wednesday that state-owned Qatar Airways has revised its antitrust filing with U.S. regulators seeking clearance to buy up to a 10 percent stake in the U.S. carrier, but there were no details provided on the new filing. Separately, American said it is ending code-share agreements with both Qatar Airways and Abu Dhabi's...

  • CHICAGO— An investment group led by a former Chicago alderman along with a coalition of labor unions is close to acquiring the Chicago Sun-Times, the group's leader said Wednesday. Chicago Federation of Labor secretary-treasurer Bob Reiter said the Sun-Times will retain its independence in reporting on labor unions. Eisendrath came forward with a bid to buy...

  • SAO PAULO, July 12- Canada's Brookfield Asset Management has signed an exclusivity agreement to acquire power transmission lines owned by Brazil's J&F Investimentos SA, which is selling off assets to pay a record corruption-related fine, two people with knowledge of the matter said on Wednesday. J&F is accelerating the pace of talks to sell assets as...

  • BOSTON, July 12- A post-doctoral associate at Massachusetts Institute of Technology was arrested on Wednesday on charges he engaged in insider trading ahead of news that Sibanye Gold Ltd planned to acquire Stillwater Mining for $2.2 billion, prosecutors said. Fei Yan, 31, was arrested by the Federal Bureau of Investigation in Massachusetts after federal...

  • *Germany tightens foreign takeover rules in key sectors. *Europeans unhappy about lack of equal access to China. LONDON/ BERLIN/ FRANKFURT, July 12- Germany has become the first European Union country to tighten its rules on foreign corporate takeovers, following a series of Chinese deals giving access to Western technology and expertise.

  • *Germany tightens foreign takeover rules in key sectors. *Europeans unhappy about lack of equal access to China. LONDON/ BERLIN/ FRANKFURT, July 12- Germany has become the first European Union country to tighten its rules on foreign corporate takeovers following a series of Chinese deals giving access to Western technology and expertise.

  • *Tesco/Booker deal referred to phase 2 investigation. LONDON, July 12- Britain's competition regulator has referred supermarket Tesco's proposed 3.7 billion pound takeover of wholesaler Booker for a detailed investigation, granting a request from the companies to "fast track" the process. Tesco, Britain's biggest retailer, and Booker announced the cash and...

  • BERLIN, July 12- Germany has approved rules to make it easier to block the sale of strategically important companies to investors from outside the European Union, prompted by concerns about China acquiring German expertise by that route. The purchase of German robotics maker Kuka by Chinese company Midea last year fuelled concerns that China was gaining...

  • *Tesco/Booker deal referred to phase 2 investigation. LONDON, July 12- Britain's competition regulator has referred supermarket Tesco's proposed 3.7 billion pounds takeover of wholesaler Booker for a detailed investigation, granting a request from the companies to "fast track" the process. Tesco, Britain's biggest retailer, and Booker announced the cash and...

  • BEIJING, July 12- A Chinese fund part-owned by congolomerate CITIC Ltd has paid $1.1 billion for some of Dow Chemical Co's corn seed business in Brazil, in a further sign of China's fast-expanding role in the global seed sector. The deal will boost China's share of the global seed business, which is being remade by a series of huge mergers. These include the $43...

  • July 11- Private equity firm EQT said on Tuesday it has agreed to acquire U.S. drug development consultancy Certara for $850 million, including debt, from Arsenal Capital Partners, another buyout firm. Last year, Stockholm, Sweden- based EQT made its first major U.S. healthcare investment, buying Press Ganey Holdings Inc, a provider of patient satisfaction surveys,...

  • *Toshiba confirms it is in talks with other suitors. TOKYO, July 11- Toshiba Corp is in talks with Western Digital Corp and Taiwan's Foxconn, as well as with an already preferred bidder, as it seeks to revive a stalled $18 billion sale of its chip business, banking sources said on Tuesday. The Japanese conglomerate confirmed it was in talks with suitors, but did not name...

  • NEW YORK, July 10- Mergers and acquisitions for fashion retailers are like a crop top t-shirt: a risk best braved by a select few and avoided after a certain age. The biggest acquisition, Apollo Global Management's roughly $3.1 billion leveraged buyout of Claire's Stores Inc, restructured in 2016.. The second-largest acquisition, J. Crew Group Inc, which TPG...

  • NEW YORK, July 10- Mergers and acquisitions for fashion retailers are like a crop top t-shirt: a risk best braved by a select few and avoided after a certain age. The biggest acquisition, Apollo Global Management's roughly $3.1 billion leveraged buyout of Claire's Stores Inc, restructured in 2016.. The second-largest acquisition, J. Crew Group Inc, which TPG...

  • NEW YORK, July 10- Mergers and acquisitions for fashion retailers are like a crop top t-shirt: a risk best braved by a select few and avoided after a certain age. The biggest acquisition, Apollo Global Management's roughly $3.1 billion leveraged buyout of Claire's Stores Inc, restructured in 2016.. The second-largest acquisition, J. Crew Group Inc, which TPG...

  • Oncor CEO says Berkshire Hathaway has the edge over Elliott in bidding, for now

    Jim Cramer sits down with Bob Shapard, the CEO of Oncor Energy, to track the high-profile rival bids for his electric utility.

  • Robert Shapard, CEO of Oncor Electric.

    Jim Cramer sits down with Bob Shapard, the CEO of Oncor Energy, to track the high-profile rival bids for his electric utility.

  • NEW YORK, July 10- Vintage Capital has offered to buy Rent-A-Center Inc for around $800 million, according to a letter seen by Reuters, in a move that would add another rent-to-own company to the private equity firm's portfolio. "While there are multiple avenues we would be eager to explore... today Vintage proposes to acquire 100 percent of the common stock... in a...