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Mergers and Acquisitions Acquisitions

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  • *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...

  • 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...

  • LONDON, July 30- AstraZeneca revenue fell by a smaller-than-expected 7 percent in the second quarter, as income from spinning off assets offset generic competition to older medicines and a strong dollar. Chief Executive Pascal Soriot, who fended off a $118 billion takeover attempt by Pfizer last year, is banking on a promising pipeline of new drugs-...

  • July 29- PartnerRe Ltd, the reinsurance company that has a $6.6 billion merger agreement with Axis Capital Holdings, is now willing to negotiate a new deal with rival suitor Exor SpA, according to people familiar with the matter. This would be the first time that Bermuda- based PartnerRe negotiates a potential merger with Exor since the Italian investment...

  • FRANKFURT, July 29- Germany's HeidelbergCement has re-emerged as a global M&A player with the 6.7 billion-euro takeover of Italcementi, after spending the best part of a decade repairing the damage from its last major acquisition. But on Tuesday night, the firm announced an agreement to buy 45 percent of Italcementi for 1.67 billion euros and bid for the rest,...

  • Jarden CEO: Don't need deals to make our numbers Wednesday, 29 Jul 2015 | 10:44 AM ET
    Jarden CEO: Don't need deals to make our numbers

    Jarden Corp. CEO James Lillie, discusses the company's growth strategy after the acquisition of disposable cutlery maker Waddington, and the state of the consumer.

  • LONDON, July 29- British investor Neil Woodford is backing a start-up biopharmaceutical firm whose first venture will be to launch clinical trials of three drugs developed by Novartis. It said has raised $119 million from Woodford Investment and Invesco Perpetual among others, and has acquired drug programmes from Novartis for the treatment of brittle bone...

  • FRANKFURT, July 28- German drugs packaging firm Gerresheimer has agreed to buy U.S. plastic vial maker Centor for $725 million in cash, giving it a leading position in the world's biggest drugs market and lifting its shares to an all-time high. Shares in Gerresheimer jumped more than 15 percent to 65.33 euros, valuing the company at 2.05 billion euros.

  • Gerresheimer buys U.S. plastic vials maker Centor Tuesday, 28 Jul 2015 | 6:44 AM ET

    FRANKFURT, July 28- German drugs packaging firm Gerresheimer has agreed to buy U.S. plastic vial maker Centor for $725 million in cash, giving it a leading position in the world's biggest drugs market and lifting its shares to an all-time high. Shares in Gerresheimer jumped more than 15 percent to 65.33 euros, valuing the company at 2.05 billion euros.

  • July 28- Hikma Pharmaceuticals Plc. *Acquires Roxane Laboratories, transforming its position in us generics market. *Under terms of acquisition, on closing of transaction Hikma will pay gross consideration of $1.18 billion in cash and will issue 40 million new Hikma shares to Boehringer.

  • NEW YORK, July 27- Allergan plc CEO Brent Saunders is ready to put the $36 billion his company will net from the sale of its generics business to Teva Pharmaceutical Industries Ltd to work, possibly with another large, "transformational" merger. As head of Actavis, he then sealed a $66 billion purchase of Botox-maker Allergan, beating out rival suitor Valeant...

  • Comcast, Discovery renew distribution agreement Monday, 27 Jul 2015 | 3:17 PM ET

    Under the deal, Comcast's Xfinity TV customers in the United States will get Discovery's 12 U.S. networks, allowing them to access both past and current Discovery content on mobile devices for the first time. Discovery and Comcast had previously clashed over Comcast's scuttled deal to acquire Time Warner Cable Inc earlier this year. Comcast had accused...

  • Allergan to own 10% stake in Teva Monday, 27 Jul 2015 | 3:14 PM ET
    Allergan to own 10% stake in Teva

    CNBC's Meg Tirrell reports Teva is buying Allergan's generic drugs unit, giving Allergan a 10 percent stake in Teva.

  • NEW YORK, July 27- Allergan CEO Brent Saunders said on Monday the company will use the $36 billion it nets from the sale of its generics business to Teva for more deals, including large, "transformational" merger opportunities. Saunders, who led the $66 billion combination of Actavis and Allergan that closed only a few months ago, told investors that it would use the...