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Acquisitions

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  • March 26- Builders FirstSource Inc, a U.S. supplier of residential building products, is in discussions to acquire peer ProBuild Holdings Inc for approximately $1.5 billion, including debt, three people familiar with the matter said on Thursday. The negotiations between Builders FirstSource and privately held ProBuild are ongoing and may not lead to an...

  • Outbound Chinese buyers confounding the doubters Thursday, 26 Mar 2015 | 7:25 PM ET

    Backed by cheap funding and a huge home market, mostly state-owned Chinese firms are snapping up overseas assets in a $391 billion shopping spree.

  • Heinz Co, owned by 3 G Capital and Warren Buffett's Berkshire Hathaway Inc, is acquiring a majority stake in Kraft Foods Group Inc to create the third-largest North American food company, executives said on Wednesday. Shares of Kraft were up more than 38 percent near $85 in morning trading. The deal would provide Heinz with access to Kraft brands, which it says are...

  • TORONTO, March 25- Canada's competition watchdog on Wednesday approved Postmedia's proposed takeover of Quebecor Inc's Sun Media English-language newspapers and digital assets, paving the way for one publisher to control a majority of the English-language dailies across Canada. The deal will bring some 175 newspapers and publications, including the...

  • ZURICH, March 25- Swiss bank Vontobel said it had the firepower for more deals, after agreeing to buy a majority stake in Britain's TwentyFour Asset Management and announcing takeover talks for a German-based asset manager. Zurich- based Vontobel has been restrained in acquisitions since buying Commerzbank's Swiss arm in 2009, despite stressing it has the...

  • HJ Heinz buys Kraft to build $28 billion food giant Wednesday, 25 Mar 2015 | 6:14 AM ET

    The combination of the two companies— each more than a century old— was engineered by Warren Buffett's Berkshire Hathaway and Brazilian investment firm 3 G Capital, which teamed up just two years ago to buy Heinz. Still, the early plans outlined by Kraft and Heinz executives in a conference call Wednesday focused largely on the savings that would be achieved...

  • March 24- Kraft Foods Group Inc, maker of Velveeta cheese and Oscar Mayer meats, is in talks to be acquired by Brazilian private equity firm 3 G Capital, a source familiar with the matter told Reuters on Tuesday. 3 G teamed up with Warren Buffett's Berkshire Hathaway Inc to acquire Ketchup maker H.J. The Wall Street Journal first reported on the possible deal and said...

  • March 24- Private equity firm 3 G Capital is in talks to acquire Kraft Foods Group Inc, a source familiar with the matter told Reuters on Tuesday. Based on Tuesday's close at $61.32, Kraft had a market capitalization of $36.06 billion. The company had 588.13 million shares outstanding as of March 2, according to Thomson Reuters data.

  • March 24- Private equity firm 3 G Capital is in talks to acquire Kraft Foods Group Inc, Wall Street Journal reported on Tuesday, citing people familiar with the matter.

  • NEW YORK— Printer maker Lexmark International will buy software developer Kofax Ltd. for about $1 billion. Lexmark says the purchase nearly doubles the size of its enterprise software business, giving that unit about $700 million in annual revenue. Lexmark, based in Lexington, Kentucky, had $3.7 billion in adjusted revenue in its latest fiscal year, while Kofax...

  • *Pirelli rises after takeover bid from ChemChina. LONDON, March 23- European shares slipped from multi-year highs on Monday, with car stocks hurt by a rise in the euro and lingering worries over Greece leading investors to book profits. Traders said that lingering uncertainty over Greece was also pegging back European stock markets.

  • Pirelli rises after takeover bid from ChemChina. Shares in Pirelli outperformed, rising 2.5 percent after China National Chemical Corp agreed to buy the Italian tire maker in a 7.1 billion euro deal. The acquisition, agreed with Pirelli shareholders on Sunday, will see state-owned ChemChina take over the world's fifth-largest tire maker and one of the...

  • European shares slip from 7-1/2 year high Monday, 23 Mar 2015 | 5:06 AM ET

    *Pirelli rises after takeover bid from ChemChina. PARIS, March 23- European shares slipped on Monday, taking a breather following recent sharp gains, while shares in Pirelli rose 3.5 percent after China National Chemical Corp agreed to buy the tyre maker in a 7.1 billion euro deal. The acquisition, agreed with Pirelli shareholders on Sunday, will see state-owned...

  • European shares pause; Pirelli rises after deal Monday, 23 Mar 2015 | 4:08 AM ET

    PARIS, March 23- European shares slipped on Monday, taking a breather following recent sharp gains, while shares in Pirelli rose 2.1 percent after China National Chemical Corp agreed to buy the tyre maker in a 7.1 billion euro deal. The acquisition, agreed with Pirelli shareholders on Sunday, will see state-owned ChemChina take over the world's fifth-largest...

  • Chinese state company launches bid for Italy's Pirelli Sunday, 22 Mar 2015 | 11:27 PM ET

    BEIJING— China's biggest state-owned chemical company announced plans Monday to acquire Italian tire manufacturer Pirelli, adding to a string of high-profile Chinese corporate purchases in Europe. ChemChina said it has agreed to buy a 26.2 percent stake in Pirelli Tyre S.p.A. from its biggest shareholder, Camfin S.p.A., which is controlled by the family of...

  • WASHINGTON, March 22- The head of the U.S. House Armed Services Committee plans to introduce legislation on Wednesday as part of a six-year drive aimed at speeding up and improving the way the Pentagon buys arms at a time of rapid gains in technology by Russia and China. The legislation includes six measures proposed by Pentagon acquisition chief Frank Kendall,...

  • WASHINGTON, March 22- The U.S. Defense Department is taking aggressive action to bolster the security of U.S. weapons systems against cyberattacks, including issuing new rules for acquisitions that will be finalized in coming months, officials told Reuters. Increased focus on cybersecurity could create opportunities for Lockheed Martin Corp, General...

  • PARIS, March 22- New York- based property developer Thor Equities has bought the building that houses one of French nightlife's best-known clubs, Le Queen, formerly Le Central, on the Champs-Elysees in Paris, the Financial Times reported. Paris commercial real estate was in increasing demand last year despite France's sluggish 0.4 percent economic growth rate.

  • March 20- Simon Property Group Inc, the No.1 U.S. mall owner, raised its offer for Macerich Co three days after its smaller rival rejected its earlier offer, adopted a poison pill and changed board structure to prevent a hostile takeover. Simon Property raised on Friday its cash-and-stock offer for Macerich to $95.50 per share from $91.00. Simon Property said its...

  • *Sabadell attracted by UK economic conditions, margin. LONDON/ MADRID, March 20- Spain's Banco Sabadell could look to expand further in Britain after agreeing a 1.7 billion pound takeover of TSB, one of the biggest cross-border banking deals since the financial crisis of 2007-09.. Sabadell, Spain's fifth-biggest bank, said it planned to grow TSB into a...