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Acquisitions

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  • Family Dollar delays vote on Dollar Tree deal Tuesday, 23 Dec 2014 | 10:59 AM ET

    MATTHEWS, N.C.— Family Dollar says it has delayed a shareholder vote on its proposed acquisition by Dollar Tree until Jan. 22. Family Dollar Stores Inc. has been courting multiple buyout offers. The judge determined that Family Dollar's board acted reasonably in not negotiating with Dollar General, because of antitrust risks and uncertainty that regulators...

  • NEW YORK, Dec 23- Patent risk management company RPX Corp on Tuesday announced a $900 million deal to buy most of the patents owned by Rockstar Consortium, formed by Apple Inc. and other major technology firms in 2011 following the bankruptcy of Nortel Network Corp.. The consortium last year also sued several handset manufacturers whose phones operate on...

  • *Nutreco falls as Cargill drops takeover bid. *FTSE up but pares gains as UK external deficit rises. Dutch animal feed company Nutreco also fell, sliding 5 percent after U.S. commodities company Cargill said it was dropping a bid for Nutreco.

  • Caesars Entertainment to buy affiliate Monday, 22 Dec 2014 | 8:13 AM ET

    LAS VEGAS— Caesars Entertainment Corporation says it will buy an affiliate as it tries to smooth the reorganization of a struggling division and balance its debt load. The Las Vegas casino giant says the merger with Caesars Acquisition Company will give it $1.7 billion in cash it needs to guarantee loans in a proposed bankruptcy deal it's pitched to creditors...

  • World's largest gambling company grows bigger... Monday, 22 Dec 2014 | 7:21 AM ET

    The world's largest gambling company will acquire affiliate, Caesars Acquisition, in effort to restructure its $18.4 billion debt.

  • TOKYO, Dec 22- Japanese stocks briefly hit a two-week high on Monday morning, led by oil-related shares on rebounding crude prices and as Showa Shell Sekiyu surged over 25 percent on a media report of an impending takeover bid. Oil refiner Showa Shell Sekiyu was the highlight of the session, surging 25.6 percent after media reported the oil refiner was in talks to...

  • UPDATE 1-China's Fosun raises offer for Club Med Friday, 19 Dec 2014 | 3:48 AM ET

    PARIS, Dec 19- Chinese billionaire Guo Guangchang on Friday sweetened his bid for struggling Club Mediterranee at the last minute, trumping a 24 euros offer from Italian tycoon Andrea Bonomi in France's longest-running takeover battle. The new offer was made by Gaillon Invest II, majority controlled by Guo's Fosun conglomerate. It now includes Fosun with a...

  • BANGKOK, Dec 19- Thai Union Frozen Products PCL may need to raise equity capital to lower its debt-to-equity ratio after a $1.5 billion acquisition of U.S. tuna producer Bumble Bee Seafoods, the company's chief executive said on Friday. TUF's debt-to-equity ratio will more than double to 2.0 from 0.8 after the acquisition, Thai Union's President and Chief...

  • *Third acquisition for Thai Union so far this year. Thai Union, which makes "Chicken of the Sea" brand tuna and counts Wal-Mart Stores Inc and Costco Wholesale Corp among its clients, said on Friday its biggest-ever purchase will give it North America's largest seafood brands like Bumble Bee, Brunswick and Sweet Sue. Bumble Bee is the third acquisition deal this...

  • BANGKOK, Dec 19- Thai Union Frozen Products PCL, the world's largest canned tuna producer, said on Friday it has signed an agreement to acquire 100 percent of North American tuna company Bumble Bee Foods for $1.51 billion from a private equity firm. The deal is part of a plan by Thai Union, the world's largest canned tuna producer, to boost the group's portfolio of...

  • Aer Lingus rejects bid by British Airways parent Thursday, 18 Dec 2014 | 11:24 AM ET

    DUBLIN— Irish airline Aer Lingus has rejected a takeover bid by the International Consolidated Airlines Group, the parent company of British Airways and Spain's Iberia. Those gains were sharply pared after IAG issued a statement confirming its proposal had been rejected by the Aer Lingus board, but the stock still finished Dublin trading up 9 percent at a...

  • SAO PAULO, Dec 17- Brazilian billionaire Abilio Diniz agreed to buy a 10 percent stake in Carrefour SA's Brazilian unit, a source with direct knowledge of the situation said on Wednesday, potentially strengthening its ability to take on the supermarket chain Diniz's father founded. Under terms of the deal, Diniz, whose Peninsula Participações holding...

  • AMSTERDAM, Dec 17- Philips has agreed to acquire U.S.-based medical device maker Volcano Corp for $1.2 billion including debt, its largest healthcare acquisition in seven years and a bid to cash in on an ageing population's need for more complex treatments. But at $18 per Volcano share, a premium of 57 percent to its Tuesday closing price, Wednesday's deal...

  • Philips to buy US medical imaging firm Volcano Wednesday, 17 Dec 2014 | 2:17 AM ET

    AMSTERDAM— Royal Philips NV said Wednesday it has agreed to acquire U.S. medical equipment maker Volcano Corp. for $1.2 billion in a deal that would beef up its presence in technology which allows doctors to see inside patients' hearts and veins during treatment. In an agreement backed by Volcano's management, Philips will offer $1 billion for Volcano's stock,...

  • BEIJING, Dec 17- Chinese Internet giant Baidu Inc agreed to buy a stake in Uber as the online car-hailing service seeks to gain ground on rivals with powerful backers in one of the world's biggest transportation markets. Baidu is the latest big-name investor, joining the likes of Goldman Sachs and Google Inc, to place a bet on the fast-growing transportation...

  • Dec 17- Philips will acquire Volcano Corp, a U.S.-based medical device maker, for $1.2 billion including debt, to expand in the image-guided therapy market. Philips will offer $18 per share for Volcano, the companies said in a statement on Wednesday. The offer is at a premium of about 57 percent to Volcano's closing price on the Nasdaq on Tuesday.

  • Campbell Soup innovates with organics  Tuesday, 16 Dec 2014 | 4:27 PM ET

    Campbell Soup Company CEO Denise Morrison, shares her consumer forecast, and discusses how her company is making products more available to consumers.

  • Repsol to buy Talisman Energy  Tuesday, 16 Dec 2014 | 9:11 AM ET

    CNBC's David Faber reports Canada's Talisman Energy has agreed to be acquired by Spain's Repsol for $3.8 billion. Jim Cramer provides insight on the deal.

  • Spain's Repsol buys Canada's Talisman for $8.3 bln Tuesday, 16 Dec 2014 | 4:26 AM ET

    MADRID— Spanish energy company Repsol is buying Canadian oil firm Talisman Energy for $8.3 billion, a combination that would be among the 15 largest privately owned oil and gas companies in the world, Repsol said Tuesday. Repsol S.A. said Talisman's incorporation will increase Repsol's output by 76 percent to 680,000 barrels of oil equivalent per day, and boost...

  • LONDON, Dec 16- InterContinental Hotels Group, one of the world's largest hoteliers, has agreed to buy U.S.-focused Kimpton Hotels& Restaurants for $430 million to boost its exposure to the faster-growing boutique hotel sector. IHG, home to the Crowne Plaza, Holiday Inn and InterContinenal brands, said on Tuesday that the cash acquisition would be earnings...