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Mergers and Acquisitions Acquisitions

  • *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...

  • July 10- Canadian cable company Cogeco Communications Inc said on Monday its Atlantic Broadband unit would buy MetroCast's assets for about $1.4 billion, expanding its presence in the United States. In April, U.S. cable mogul John Malone's Liberty Interactive Corp said it would acquire Alaska- based cable provider General Communication Inc while...

  • PARIS, July 10- French state-controlled power group EDF said on Monday it had agreed to sell stakes in the New NP reactor business formed from the restructuring of nuclear group Areva to Mitsubishi Heavy Industries and Assystem. EDF said the acquisition confirmed New NP's valuation at 2.5 billion euros and cleared the way for other companies to acquire equity...

  • MEXICO CITY, July 7- Mexican billionaire Carlos Slim's America Movil has completed its purchase of rights to 60 megahertz of spectrum from Grupo MVS, America Movil said on Friday. In November, America Movil said its wireless subsidiary had agreed to purchase 60 MHz of spectrum in the 2.5 GHz band. America Movil has said the acquisition boosts its offer of...

  • July 7- Berkshire Hathaway Energy, a unit of Warren Buffett's Berkshire Hathaway Inc, said on Friday it would acquire Oncor Electric Delivery Company LLC in a deal that puts Oncor's equity value at about $11.25 billion. Berkshire Hathaway Energy said it agreed to buy reorganized Energy Future Holdings Corp, Dallas- based Oncor's bankrupt parent, for $9 billion...

  • July 6- The energy unit of Warren Buffett's Berkshire Hathaway Inc is nearing a roughly $18 billion deal to acquire Oncor Electric Delivery Company LLC, people familiar with the matter said, three years after the utility's parent entered bankruptcy. The deal is a bold bet by Buffett that he can win approval for the acquisition from Texas regulators, after they...

  • July 6- The energy unit of Warren Buffett's Berkshire Hathaway Inc is nearing a deal to acquire Oncor Electric Delivery Company LLC, allowing the utility to exit a three-year bankruptcy, according to people familiar with the matter. It also represents a return to a previously soured investment for Buffet, who in 2013 lost $873 million on his bonds in Oncor's...