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Mergers and Acquisitions Acquisitions

  • DALLAS— An Austin-based driller said this week that it's buying about 71,000 acres of land in the energy-rich Permian Basin for $2.8 billion, becoming the latest energy company to make a major investment in the region. The deal comes just a few weeks after Exxon Mobil Corp. announced it was buying the Permian Basin holdings of the Bass family, of Fort Worth, in a...

  • *Signals growing protectionist sentiment in Italy. ROME, Feb 8- Italy's government is concerned about the vulnerability of its companies to foreign takeover, particularly those it considers of national importance, and is moving to defend them. Rome is drafting new corporate transparency rules to force buyers who build up significant minority stakes in...

  • NEW YORK— Time Warner, being acquired by AT&T, reported a 65 percent decline in profit during the fourth quarter. The New York company, which owns cable channel HBO and TV and movie studio Warner Bros., still expects the $85 billion takeover deal by AT&T Inc. to be completed later this year. Earnings, adjusted for non-recurring costs and to account for discontinued...

  • *Approval still outstanding in U.S., EU, China, others. FRANKFURT/ ZURICH, Feb 8- Swiss pesticides and seeds group Syngenta pushed back the expected closure of its agreed $43 billion takeover by ChemChina to the second quarter of 2017, but said it was making progress in winning regulatory approval for the deal. The transaction is important for China, the world's...

  • PARIS, Feb 8- France's biggest drugmaker, Sanofi, which missed out on a major takeover deal last month, said on Wednesday it expected 2017 earnings per share to be stable or slightly lower. "In 2017 and beyond we will continue to simplify and reshape the company," Chief Executive Olivier Brandicourt told journalists. Under pressure from investors to land a...

  • ZURICH, Feb 8- Swiss pesticides and seeds group Syngenta expects its $43 billion takeover by ChemChina to close in the second quarter of 2017 as it makes progress in winning regulatory approval for the deal, it said on Wednesday. The transaction is important for China, the world's largest agricultural market, which is seeking to secure the food supply for its huge...

  • SEOUL, Feb 7- South Korea's SK Hynix Inc has submitted an initial bid to acquire a stake in Toshiba Corp's memory chip business, a person familiar with the matter told Reuters on Tuesday. Toshiba in January said it would sell a minority stake of less than 20 percent in its memory business to offset multi-billion dollar writedowns stemming from U.S. nuclear power...

  • SEOUL, Feb 7- South Korea's SK Hynix Inc has submitted an initial bid to acquire a stake in Toshiba Corp's memory chip business, a person familiar with the matter told Reuters on Tuesday. The person said it has not been decided how much a stake SK Hynix, the world's No. 2 memory chip maker, will acquire in Toshiba's memory business as the deal is in early stages.

  • A man walks past a Macy's department store on January 5, 2017, in Washington, DC.

    Hudson's Bay Co has made a takeover approach for struggling retailer Macy's Inc, people familiar with the matter said.

  • Feb 3- Hudson's Bay Co has made a takeover approach for struggling retailer Macy's Inc, people familiar with the matter said, trying to push further into the U.S. market where it already owns the Lord& Taylor and Saks Fifth Avenue chains. Macy's, the host of New York's annual Thanksgiving Day parade, is in the midst of a turnaround engineered by Chairman and Chief...

  • Feb 3- Alphabet Inc's Google said on Friday it would sell its satellite imaging business, Terra Bella, to Planet Labs, a San Francisco- based private satellite operator founded by former NASA scientists. As part of the deal, Planet Labs will acquire the Terra Bella business including the SkySat constellation of satellites, Alphabet said. http://bit.ly/2kqmTfL.

  • Feb 3- Hudson's Bay Co has made a takeover approach for retailer Macy's Inc, which has struggled with a turnaround, people familiar with the matter said, as the owner of the Lord& Taylor and Saks Fifth Avenue chains tries to push further into the U.S. market. Shares of Macy's, which had a market value of about $9.4 billion as of Thursday's close, rose 7 percent to $32.81 in...

  • SAO PAULO, Feb 3- A Brazilian merger creating the world's largest for-profit education company could hamper competition and lead to higher costs for consumers, antitrust agency Cade said on Friday. The agency's preliminary finding was contained in a report by its economic studies department, which gauged the impact of the proposed takeover of Estácio...

  • HELSINKI, Feb 2- Finnish network equipment maker Nokia reported its quarterly profits fell less than expected, helped by cost cuts and the acquisition of Alcatel-Lucent, and said the tough global market was starting to stabilise. Nokia and its rivals, Sweden's Ericsson and China's Huawei, have struggled lately as telecom operators' demand for faster 4 G mobile...

  • *Includes Dow Chemical's EAA business in U.S., Spain. SEOUL, Feb 2- South Korea's SK Innovation said on Thursday it will acquire Dow Chemical Co's ethylene acrylic acid business for $370 million, a move that will expand its range of high value-added chemical products. The acquisition, made through its unit SK Global Chemical Co Ltd, will include Dow Chemical's EAA...

  • NEW YORK, Feb 1- BlackRock Inc is pushing further into the private infrastructure market with an agreement to buy First Reserve Corp's Energy Infrastructure Funds unit. The 37- member energy infrastructure team at First Reserve, which manages $3.7 billion in two funds, will join BlackRock, the New York- based asset manager said in a statement on Wednesday.

  • Jan 30- Keysight Technologies Inc, a provider of software and equipment to the electronics industry, said on Monday it would buy U.S. data technology company Ixia for about $1.6 billion in cash in a bid to increase its software and security portfolio. Ixia would be its largest acquisition since it bought Britain's Anite Plc, a company that tests handsets and...

  • Mallinckrodt Pharmaceuticals offices in St. Louis.

    Full and fair disclosure is at the heart of our nation's securities laws. Take Mallinckrodt.

  • SAO PAULO, Jan 27- Brazilian petrochemical company Braskem SA agreed to buy a controlling stake in environmental services company Cetrel SA for 610 million reais from Odebrecht Utilities SA, Braskem said on Friday in a securities filing. Odebrecht Utilities is an arm of Brazilian engineering group Odebrecht SA, which is ensnared in the country's...

  • MILAN, Jan 27- European shares pulled back on Friday with UBS dragging bank stocks lower after posting a drop in full-year profit, while Britain's biggest supermarket Tesco surged after a 3.7 billion-pound takeover deal to buy a supplier. The pan-European STOXX 600 index was down 0.3 percent at its close, while the UK's FTSE 100 rose 0.3 percent, supported by...