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Acquisitions

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  • March 4- Private equity firms Bain Capital LLC and Golden Gate Capital Corp are competing to acquire Ann Inc, the struggling U.S. women's retailer and owner of the Ann Taylor brand, according to people familiar with the matter. The negotiations with the buyout firms make Ann, which has a market capitalization of $1.6 billion, the latest retailer to seek a leveraged...

  • Starboard says Staples needs to "improve" board Wednesday, 4 Mar 2015 | 9:58 AM ET

    March 4- Activist investor Starboard Value LP asked office supplies retailer Staples Inc to "improve" the composition of its board to complete the acquisition of Office Depot Inc and fully integrate its smaller rival. Starboard, which did not suggest any candidate for the board in a letter to Staples on Wednesday, said the combined company could be worth $32- $37...

  • *Sale a major step in Citi's plan to sell unwanted assets. Springleaf shares touch record high, Citi marginally higher. March 3- Springleaf Holdings Inc said it would buy Citigroup Inc's OneMain Financial Holdings Inc for $4.25 billion in cash, creating the largest subprime lender in the United States.

  • TOKYO, March 3- Canon Inc Chief Executive Fujio Mitarai said the company had both the funds and willingness for more acquisitions this year, even after a planned 23.6 billion-Swedish-crown takeover of network video surveillance leader Axis AB. Asked about Canon's offer for Axis, which represented a premium of nearly 50 percent to the share price prior to the...

  • SAO PAULO, March 2- Potash Corporation of Saskatchewan Inc, the world's largest fertilizer company by market value, agreed on Monday to pay about $56 million for a 9.5 percent stake in Brazilian rival Fertilizantes Heringer SA, the latest effort by Potash to grow in Latin America's largest economy. Under terms of the agreement, PotashCorp will acquire the stake...

  • PayPal to acquire mobile wallet provider Paydient Monday, 2 Mar 2015 | 11:55 AM ET

    NEW YORK— EBay's PayPal payment unit is acquiring mobile wallet operator Paydient ahead of PayPal's spinoff as the mobile payment sector heats up. They also provide the mobile wallet platform for MCX, a mobile pay consortium whose members include many of the world's largest retailers, including Walmart, Target, Sears, CVS and many others. Competition in the...

  • SAN FRANCISCO— Hewlett-Packard is buying wireless networking company Aruba Networks for about $2.7 billion, in what amounts to HP's first major acquisition since its disastrous purchase of a British software company in 2011.. Aruba, based in Sunnyvale, California, makes Wi-Fi networking systems for shopping malls, corporate campuses, hotels and...

  • LONDON, Feb 27- British Airways-owner International Airlines Group raised its 2015 profit forecast by more than 20 percent, outperforming struggling continental rivals and sending its shares to an all-time high. IAG, which is trying to acquire Ireland's Aer Lingus, said on Friday that the profit increase would be driven by cost control across the group and...

  • LONDON, Feb 27- British Airways-owner International Airlines Group increased its 2015 profit forecast by more than 20 percent, outperforming weaker continental rivals and sending its shares to an all-time high. IAG, which is trying to acquire Ireland's Aer Lingus, said on Friday that the profit increase would be driven by cost control across the group and...

  • LONDON, Feb 27- Nikon, the 98- year-old Japanese company best known for its cameras, has agreed to buy British retinal imaging firm Optos for 259.3 million pounds as it moves into the medical sector. Nikon has previously said it intended to enter the medical sector to leverage its optical technologies and the Japanese group sees buying Optos as an important step...

  • *Salesforce.com climbs after results, outlook. Among the top boosts for the Nasdaq and S&P 500 were shares of Avago Technologies, which jumped 14.7 percent to $129.25. The company reached a deal to acquire Emulex for $8 per share.

  • Here is a timeline of key events for Monte dei Paschi in the wake of the takeover: November 2007- Monte dei Paschi offers Spain's Santander 9 billion euros cash for Antonveneta, an Italian regional lender, just months after Santander paid 6.6 billion euros for it. January 2008- Monte dei Paschi announces a 5 billion euros rights issue, a 1 billion euro convertible...

  • In a 2006 audit, the Bank of Italy found that Antonveneta was inefficient, inadequately governed and filled with debts likely to default. Months later, the Bank of Italy approved its takeover with few reservations. "Clearly the Bank of Italy overestimated the strength of Monte dei Paschi at the time," said Nicolas Veron, a senior fellow at the Bruegel think tank.

  • Feb 24- Office Depot Inc said it expected sales to fall this year, mainly due to weak demand for office supplies and a stronger dollar. Office Depot's North America retail sales fell 7 percent in the fourth quarter, including the acquisition of OfficeMax. Staples said earlier this month that it would acquire Office Depot to better compete with online retailers.

  • MILAN, Feb 24- Italian aerospace and defence group Finmeccanica has agreed to sell its rail business to Hitachi Ltd in a deal which will cost the Japanese conglomerate up to 1.9 billion euros and cut Finmeccanica's debt by 15 percent. For Hitachi the acquisition will give it a stronger foothold in Europe where it competes with the world's top three train makers-...

  • Feb 24- Office supply retailer Office Depot Inc said it expected sales to fall this year due to challenging market conditions and a stronger dollar. Office Depot's North America retail sales fell 7 percent in the fourth quarter, including the acquisition of OfficeMax. This price gap is expected to hurt North America retail same-store sales at both Staples and...

  • BOCA RATON, Fla.— Office Depot, which is being acquired by Staples in a $6 billion deal, reported Tuesday that its fiscal fourth-quarter loss narrowed as sales improved. The office supplies company lost $84 million, or 15 cents per share, for the period ended Dec. 27. Office Depot Inc. had a fiscal 2014 adjusted profit of 22 cents per share on revenue of $16.1 billion.

  • BRUSSELS— The European Union opened an in-depth probe of General Electric's $14.1 billion takeover of the power division of French company Alstom on Monday fearing higher prices and less choice. In international business, the European Commission wields major power since its rejection of a multinational deal has thwarted mergers and takeovers in the past,...

  • Feb 23- Rare disease drugmaker PTC Therapeutics Inc is exploring a potential sale amid takeover interest from several pharmaceutical companies, including Shire Plc and BioMarin Pharmaceutical Inc, according to people familiar with the matter. The stock of PTC Therapeutics, which has a market valuation of roughly $2 billion, rose as much as 25 percent to...

  • WASHINGTON, Feb 23- Novartis AG has won U.S. antitrust approval to buy GlaxoSmithKline's oncology drugs, with conditions, the U.S. Federal Trade Commission said on Monday. The deal is one of three related transactions announced in April 2014 in which GlaxoSmithKline would buy Novartis' global vaccine business, except for flu vaccines, Novartis would buy Glaxo's...