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Acquisitions

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  • DSW buys stake in Canada's Town Shoes for $62M Tuesday, 15 Apr 2014 | 7:47 AM ET

    COLUMBUS, Ohio— DSW will spend about $62 million to establish an operating base in Canada, acquiring a 44 percent stake in the footwear and accessories retailer Town Shoes. The Columbus, Ohio, company said Tuesday that it will have the right to purchase the rest of Town Shoes after four years.

  • Aaron's buys Progressive Finance, cuts outlook Tuesday, 15 Apr 2014 | 7:33 AM ET

    ATLANTA— Furniture leasing company Aaron's has agreed to buy online rent-to-own finance company Progressive Finance Holdings for $700 million in cash in a bid to turn around its business even as it cut its first-quarter outlook.

  • Google buys drone maker Titan Aerospace Monday, 14 Apr 2014 | 3:54 PM ET

    NEW YORK— Google has bought Titan Aerospace, a maker of solar-powered drones, saying it could help bring Internet access to remote parts of the world as well as solve other problems.

  • UPDATE 1-Google to buy drone-maker Titan Aerospace Monday, 14 Apr 2014 | 3:18 PM ET

    April 14- Google Inc has acquired solar-powered drone maker Titan Aerospace as the Web search giant ramps up plans to deliver wireless Internet access to remote parts of the world. The 20- person company will remain in New Mexico for the foreseeable future, Raburn said, with all employees joining Google.

  • Glencore buys oil-explorer Caracal for $1.35B Monday, 14 Apr 2014 | 12:01 PM ET

    Glencore says it has reached an agreement to buy all outstanding Caracal shares for 5.50 pounds each, a 61 percent premium on the Canadian-based firm's stock price Friday. The two companies announced the deal Monday, a day after Glencore said it was selling its Las Bambas copper mine project in Peru to a Chinese consortium for $5.85 billion in cash.

  • April 14- TIAA-CREF, a retirement services provider to non-profit organizations such as universities and hospitals, said it would acquire asset manager Nuveen Investments for $6.25 billion, seeking to expand its mutual fund and municipal bond offerings. Lazard Ltd and J.P. Morgan Securities LLC advised TIAA-CREF.

  • April 14- Insurer Endurance Specialty Holdings Ltd said it offered to acquire Aspen Insurance Holdings Ltd for about $3.2 billion in cash and stock. Endurance's offer of $47.50 per share represents a premium of about 21 percent to Aspen's Friday close on the New York Stock Exchange.

  • April 14- Asset manager TIAA-CREF will buy rival Nuveen Investments for $6.25 billion including debt, the Wall Street Journal reported, quoting top executives from both companies. The transaction, set to be officially announced Monday, would create a firm with nearly $800 billion under management, the Journal reported.

  • *WH Group, shareholders seeking $5.3 bln in Hong Kong IPO. HONG KONG, April 14- Two senior executives of China's biggest pork producer WH Group Ltd received a combined $600 million payout for helping the Chinese company seal last year's record $4.9 billion takeover of U.S.-based Smithfield Foods Inc, an unusually high incentive for an acquisition.

  • April 14- A Chinese consortium bought the Las Bambas copper mine in Peru from Glencore Xstrata for $6 billion, the high end of analysts' forecasts in China's biggest acquisition of a mine, showing the strength of its long-term need for copper.

  • *Glencore says proceeds will materially de-leverage balance sheet. Glencore agreed to sell Las Bambas to secure approval from China's competition authorities for its takeover of miner Xstrata because Beijing feared the merged group would have too much power over the copper market.

  • US levies more sanctions over Crimea takeover Friday, 11 Apr 2014 | 4:10 PM ET

    WASHINGTON— The U.S. Treasury Department on Friday sanctioned the former vice speaker of the Ukrainian parliament, six Crimean separatist leaders and a Crimea-based gas company over Russia's takeover of the Crimean Peninsula.

  • CORRECTED-China's Alibaba to buy AutoNavi Friday, 11 Apr 2014 | 10:45 AM ET

    April 11- Chinese digital mapping and navigation firm AutoNavi Holdings Ltd agreed to be acquired by e-commerce firm Alibaba Group Holding Ltd in a deal valuing the company at about $1.5 billion. AutoNavi said the company's shareholders will receive $5.25 per ordinary share, or $21 per American Depositary Share.

  • China's Alibaba to buy AutoNavi for $1.5 bln Friday, 11 Apr 2014 | 10:28 AM ET

    April 11- Chinese digital mapping and navigation firm AutoNavi Holdings Ltd agreed to be acquired by e-commerce firm Alibaba Group Holding Ltd for $1.5 billion. AutoNavi said the company's shareholders will receive $5.25 per ordinary share, or $21 per American Depositary Share.

  • Ahead of the Bell: H&R Block Friday, 11 Apr 2014 | 8:13 AM ET

    NEW YORK— H&R Block's shares climbed almost 7 percent before the opening bell Friday after the tax preparer found someone to acquire its banking business. BofI Federal Bank will also offer H&R Block- brand financial programs like Emerald Prepaid Master Card and Emerald Advance lines of credit under a program management agreement between the two companies.

  • Amazon to buy digital comics company Thursday, 10 Apr 2014 | 4:46 PM ET

    SEATTLE— Online retailer Amazon said Thursday it's buying digital comics company comiXology for an undisclosed sum. Amazon said the acquisition will help it offer more and better digital comic books and graphic novels. Shares of Amazon.com Inc. fell $14.79, or 4.5 percent, to $317. amid a broader market sell-off.

  • TORONTO/ VANCOUVER, April 10- Goldcorp Inc raised its hostile takeover offer for Osisko Mining Corp on Thursday, squeaking above a white knight bid by Yamana Gold Inc and heightening a bidding war that has helped inject life into a depressed gold mining sector.

  • *Battle for Deoleo turned political this week. MADRID, April 10- The board of Spain's Deoleo, the world's top olive oil bottler, agreed on Thursday to back a takeover bid from British private equity fund CVC Capital Partners.

  • TORONTO/ VANCOUVER, April 10- Goldcorp Inc raised its hostile takeover offer for Osisko Mining Corp on Thursday, squeaking above a white knight bid by Yamana Gold Inc and heightening a bidding war that has helped inject life into a depressed gold mining sector.

  • WASHINGTON, April 10- The European packaging company Ardagh Group S.A. won U.S. antitrust approval to buy Saint-Gobain Containers Inc after agreeing to sell six of its nine glass container manufacturing plants in the United States, the Federal Trade Commission said on Thursday.

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