Mergers and Acquisitions Divestments

More

  • MEXICO CITY, Feb 2- Mexican airport operator OMA said on Tuesday it had sold more than 33 million shares that had been pledged as collateral under a credit agreement between a subsidiary of embattled construction firm ICA and Germany's Deutsche Bank. OMA said in a statement that the sale of 33,162,600 Series B shares, more than 8 percent of the company's shares,...

  • MEXICO CITY, Feb 2- Mexican airport operator OMA said on Tuesday it had sold more than 33 million shares that had been pledged as collateral under a credit agreement between a subsidiary of embattled construction firm ICA and Germany's Deutsche Bank. OMA said in a statement that the sale of 33,162,600 Series B shares, more than 8 percent of the company's shares,...

  • Feb 2- Yahoo Inc said on Tuesday it was exploring strategic alternatives in addition to the continued pursuit of the reverse spin-off of its Internet business. Yahoo said it would simplify its product portfolio and that it had begun to explore divesting non-strategic assets. The company also said it would cut about 15 percent of its workforce and close offices...

  • RIO DE JANEIRO, Jan 29- Hypermarcas SA, the largest Brazilian producer of personal care goods, said on Friday its board has agreed to the sale of its contraception division to Britain's Reckitt Benckiser for 675 million reais.

  • If successful, the deal would help the Swiss bank win market share in a highly-competitive wealth management market in Asia, led by global players such as UBS and Citigroup. Credit Suisse is evaluating the synergies it could extract from Barclays' portfolio of high net-worth individuals in Asia, one of the sources said, cautioning a deal was not certain.

  • AMSTERDAM, Jan 22- Philips's plan to shed its lighting businesses suffered a setback on Friday when a $3.3 billion deal to offload the components division to Asian buyers was blocked by the United States on security grounds. The agreement to sell an 80 percent stake in the Lumileds division based in California ran into opposition from the Committee on Foreign...

  • BRUSSELS, Jan 20- U.S. cable group Liberty Global is set to secure EU approval for its 1.3- billion-euro bid for KPN's Belgian unit after pledging to divest assets to boost a rival, two people familiar with the matter said on Wednesday. This will be the first telecoms merger cleared by European Competition Commissioner Margrethe Vestager since she scuppered a...

  • JAKARTA, Jan 20- Indonesia will reach a decision on whether to accept Freeport McMoRan Inc's $1.7 billion divestment price for its unit in the country by the end of the first quarter, a mines ministry official said on Wednesday. Under agreements reached in 2014, the U.S. mining giant must sell the government a greater share of the Grasberg copper and gold mine in...

  • Jan 15- General Electric Co said it would sell its appliance business to China's Haier Group for $5.4 billion in cash, another step in its push to sell its non-core assets and project itself as a technology company. The deal comes weeks after GE walked away from a deal to sell the business to Sweden's Electrolux for $3.3 billion, following months of opposition from...

  • Signage for 1Malaysia Development Bhd. (1MDB) is displayed at the site of the Tun Razak Exchange (TRX) project in Kuala Lumpur, Malaysia.

    The chief executive of a troubled, deeply indebted Malaysian investment fund strongly rejected accusations of a cover-up, Channel NewsAsia reported.

  • TORONTO, Jan 13- Canada's Shaw Communications Inc said on Wednesday that it would sell its media unit to Corus Entertainment Inc for C $2.65 billion, gaining funding for its Wind Mobile purchase and sending its shares up nearly 7 percent. Corus, which operates a network of Canadian radio stations and prominent children's television channels including YTV,...

  • Jan 12- Printing services company Lexmark International Inc is considering the possibility of divesting its hardware and software assets separately to revive interest in its sale process, according to people familiar with the matter. Last year it bought Kofax Ltd for about $1 billion, a company which provides data services to financial, insurance and...

  • PARIS/ FRANKFURT, Jan 11- French private equity firm Ardian is seeking to profit from a shake-up of the oil industry after raising a record 2.65 billion euros infrastructure fund. "As an indication of the change, Saudi Aramco has announced to divest stakes of some oil-related assets and we will look at them," he said, adding the new fund could invest 20 percent of its...

  • Sequenom to cut jobs, divest North Carolina operations Thursday, 7 Jan 2016 | 3:06 PM ET

    Jan 7- Diagnostic device maker Sequenom Inc said on Thursday it will cut 110 jobs, or about 20 percent of its workforce, and divest its North Carolina operations.

  • Jan 7- U.S. conglomerate General Electric Co said it signed $157 billion in transactions in 2015 as part of its efforts to divest most of its finance business, GE Capital. An active sales process is ongoing for the remaining international businesses while the company continues to close the previous deals, GE Capital Chief Executive Keith Sherin said.

  • Jan 5- Several major Yahoo Inc. The shareholders said they would prefer that than wait for Yahoo to go through with its plan to seek a tax-free spin-off of the operation, which includes Yahoo's sports and news sites as well as its popular email service. The IRS helped to kill off a previous Yahoo plan to spinoff its stake in Chinese ecommerce giant Alibaba Group...

  • Jan 4- Johnson and Johnson is seeking to sell its manufacturer of active pharmaceutical ingredients, Noramco, in a move that could value the division at as much as $800 million, according to people familiar with the matter. The unit has annual earnings before interest, taxes, depreciation and amortization of more than $70 million, some of the people added.

  • ATHENS/ TORONTO, Dec 22- Greece's third-largest lender Eurobank agreed to sell an 80 percent stake in its Eurolife ERB insurance subsidiary to Canada's Fairfax Financial Holdings Ltd for 316 million euros on Tuesday, deepening ties between the two firms. Toronto- based investment holding firm Fairfax, led by well known contrarian investor Prem Watsa has made...

  • MUMBAI/ LONDON, Dec 22- Britain's troubled steel sector received a boost on Tuesday with news that Tata Steel is in talks to sell its struggling British-based unit to investment firm Greybull Capital, according to statements from the two firms. "This is an extremely critical time for the whole industry, and we have been working hard to explore all options that...

  • MUMBAI/ LONDON, Dec 22- Tata Steel is in talks to sell its struggling British-based unit to investment firm Greybull Capital, the two firms said in a statement on Tuesday. "This is an extremely critical time for the whole industry, and we have been working hard to explore all options that could provide a future for the Long Products Europe business," said Karl Koehler,...