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Mergers and Acquisitions Acquisitions

  • April 4- Cenovus Energy said on Tuesday it priced a $2.9 billion offering of senior notes to fund the acquisition of assets in Western Canada from ConocoPhillips. Last week, the company agreed to buy oil sands and natural gas assets from ConocoPhillips in a cash-and-stock deal valued at C $17.7 billion. The notes offering is expected to close on or about April 7...

  • NEW YORK, April 4- San Francisco startup Wyre Inc, a cross-border payments firm, has acquired a Beijing- based platform, Chief Executive Michael Dunworth told Reuters on Tuesday, in what he said was the first acquisition by a U.S. company of a Chinese blockchain business in the corporate payments space. Wyre's purchase of Remitsy strengthens the U.S. firm's push...

  • ZURICH, April 4- Swiss engineering group ABB has bought Austrian industrial automation company Bernecker& Rainer, a move that fits in with its strategy of expanding its products to better challenge German rival Siemens on the factory floor. ABB gave no purchase price for Bernecker& Rainer Industrie-Elektronik when it announced the deal on Tuesday, but a person...

  • ZURICH, April 4- Swiss engineering group ABB has bought Austrian industrial automation company Bernecker& Rainer, a move that fits in with its strategy of expanding its products to better challenge German rival Siemens on the factory floor. ABB gave no purchase price for Bernecker& Rainer Industrie-Elektronik when it announced the deal on Tuesday, but a person...

  • Mergermarket: 3,554 deals worth $678.5 billion in Q1 2017

    In light of a recent Mergermarket report, CNBC’s Gemma Acton comments on deal-making activity during the course of 2017’s first quarter.

  • LONDON, April 2- British consumer goods group Reckitt Benckiser is considering the sale of its foods business, which includes French's, its top-selling U.S. mustard brand, to help fund its $16.6 billion takeover of baby food maker Mead Johnson, British newspaper The Sunday Times said. The maker of Durex condoms and Nurofen painkillers has told banks it plans to...

  • TORONTO, March 31- Victor Li, co-chairman of Husky Energy Inc and son of one of Asia's richest men, has agreed to acquire Reliance Home Comfort, a Canadian provider of heating and cooling systems, from U.S. investment firm Alinda Capital Partners for C $2.8 billion, Reliance said on Friday. Li's acquisition comes through his CKP Canada vehicle, a unit of Hong Kong...

  • March 30- Cross-border M&A had its strongest start since 2007, driving first-quarter global volumes up 7 percent, as optimism over U.S. The biggest deal since the start of the year was U.S. healthcare and consumer conglomerate Johnson& Johnson's $30 billion agreement in January to acquire Swiss biotechnology firm Actelion Ltd.. Anglo-Dutch consumer goods...

  • TORONTO, March 30- Canadian Imperial Bank of Commerce said on Thursday it had raised its takeover offer for PrivateBancorp Inc by 20 percent to about $4.9 billion, after some of the Chicago- based lender's shareholders opposed an initial bid. The move came ahead of a June 29 deadline for the deal to be approved and about nine months after the Canadian bank made its...

  • March 30- Boston Scientific Corp said on Thursday it would buy Swiss medical device maker Symetis SA for $435 million, a deal that will help the U.S. company expand in the European market. Boston Scientific in February recalled its Lotus valve devices from Europe and other regions following reports of a faulty locking mechanism. The acquisition would allow...

  • *Unit, World's Foremost Bank, provides branded credit cards. The unit, called World's Foremost Bank, was supposed to be bought by Capital One last year, but the deal wasn't able to get timely regulatory approval. Cabela's in October last year agreed to be bought by rival Bass Pro Shops in a deal valued at $5.5 billion, uniting two of the country's largest hunting and...

  • *Unit, World's Foremost Bank, provides branded credit cards. The unit, called World's Foremost Bank, was supposed to be bought by Capital One last year, but the deal wasn't able to get timely regulatory approval. Cabela's in October last year agreed to be bought by rival Bass Pro Shops in a deal valued at $5.5 billion, uniting two of the country's largest hunting and...

  • The gun library room of a Cabela's store in Gainesville, VA.

    Synovus Financial Corp will buy the financial unit of outdoor goods retailer Cabela's Inc , a source familiar with the matter told Reuters.

  • JERUSALEM, March 29- Bank of Israel Governor Karnit Flug urged the government to use excess tax revenues to invest in infrastructure and education, rather than cutting taxes further. Israel's tax revenues have been higher than expected over the past year and stand to get a 4 billion shekel boost from capital gains tax if Intel's planned $15.3 billion takeover...

  • March 29- Brokerage Cowen Group Inc's shares surged 19 percent on Wednesday after Chinese conglomerate CEFC China said it agreed to acquire a stake of about 20 percent in the U.S. company for $100 million. The deal, the latest in a series of investments by Chinese firms in U.S. companies, will also give the CEFC the right to appoint three directors to the New York-...

  • March 29- Chinese conglomerate CEFC China said on Wednesday it would acquire an about 20 percent stake in U.S. brokerage Cowen Group Inc for about $100 million. CEFC China has also agreed to provide Cowen with $175 million in debt financing, the companies said. CEFC will pay $18 for each Cowen Class A share, representing a 29.5 percent premium to the stock's Tuesday...

  • WASHINGTON, March 28- Euronet Worldwide Inc ramped up its fight against China's Ant Financial Services Group in trying to acquire MoneyGram International Inc, urging the U.S. government to closely scrutinize the rival Chinese bid saying it raises "significant national security risks." The bidding war comes at a time of rising tensions between China and the...

  • *Executives see scope to lure Middle East shoppers online. DUBAI, March 28- Souq.com will expand its workforce and operations after Amazon clinched a deal to buy 100 percent of the Middle East online retailer, executives from both firms said. Amazon and Souq.com said earlier on Tuesday they had agreed on the takeover, despite an eleventh-hour bid by Dubai...

  • *Executives see scope to lure Middle East shoppers online. DUBAI, March 28- Souq.com will expand its workforce and operations after Amazon clinched a deal to buy 100 percent of the Middle East online retailer, executives from both firms said. Amazon and Souq.com said earlier on Tuesday they had agreed on the takeover, despite an eleventh-hour bid by Dubai...

  • *Executives see scope to lure Middle East shoppers online. DUBAI, March 28- Souq.com will expand its workforce and operations after Amazon clinched a deal to buy 100 percent of the Middle East online retailer, executives from both firms said. Amazon and Souq.com said earlier on Tuesday they had agreed on the takeover, despite an eleventh-hour bid by Dubai...