Acquisitions
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NEW YORK-- Nielsen Holdings NV has completed the $950 million sale of its expositions business to private equity firm Onex Corp.. Nielsen Holdings agreed to the sale in May. Onex has offices in New York, Toronto and London.
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LONDON, June 17- European shares recovered on Monday as talk of takeover activity in the telecoms sector helped stock markets claw back losses suffered in the previous week. The STOXX Europe 600 Telecoms Index was the best-performing sector, rising 1.6 percent after speculation that AT&T was interested in Spain's Telefonica, which was denied by Telefonica.
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ALLEGAN, Mich.-- Perrigo Co. said Monday that it bought the ophthalmic ointment and solution portfolio of Fera Pharmaceuticals LLC for $93 million in cash. Perrigo has been looking for an ophthalmic deal as part of its strategy to expand its presence in the niche topical medication market.
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LAS VEGAS-- Pinnacle has reached an agreement in principle with federal regulators on the structure of its proposed acquisition of rival Ameristar Casinos Inc..
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June 17- Starboard Value LP, a large shareholder in Smithfield Foods Inc, urged the world's largest pork producer to explore a breakup rather than go ahead with a planned $4.7 billion takeover by Chinese meat company Shuanghui International.
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NEW YORK-- Shares of drug developer Synergy Pharmaceuticals Inc. rose Friday after its chairman disclosed that he'd bought more of the company's stock. THE SPARK: In a form filed with the Securities and Exchange Commission, Gabriele Cerrone disclosed the purchase of 8,000 shares for $4.42 per share.
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Gracia Martore, President & CEO of Gannett Co., discusses her company's $1.5 billion acquisition of TV company Belo, as well as the direction the company is headed.
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June 13- Gannett Co Inc shares soared 27 percent to a five-year high after the largest U.S. newspaper chain struck a $1.5 billion deal for television company Belo Corp, dramatically increasing TV's importance to Gannett's results. Gannett's surge nearly equaled the entire purchase price, an unusual move for the buyer in a takeover.
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June 13- Media company Gannett Co Inc said on Thursday that it agreed to pay $1.5 billion in cash to buy Belo Corp and assume $715 million in debt, giving television company Belo an enterprise value of $2.2 billion.
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*Safeway to pay down debt, buy back shares with proceeds. TORONTO, June 12- Empire Co Ltd, the operator of Canadian grocery chain Sobeys, said it is acquiring Safeway Inc's assets in Canada for $5.7 billion, in a move that will nearly double its reach in the country's western provinces.
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Discussing whether financials are the most vulnerable sector, with the "Fast Money" traders; and 3D Systems is acquiring 80 percent of rival Phenix Systems, with Avi Reichental, 3D Systems CEO.
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LONDON, June 12- Hedge funds that bet Severn Trent would agree to a Canadian-led takeover are reeling from losses after the water company refused to talk, casting further doubt on their money-making abilities in an anaemic M&A environment.
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June 12- India's Apollo Tyres Ltd said it would buy U.S.-based Cooper Tire& Rubber Co for about $2.5 billion in a deal that would make it the world's seventh-largest tire maker. Apollo's cash offer of $35 per share represents a premium of about 43 percent to Cooper's closing price on Tuesday on the New York Stock Exchange.
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SAN FRANCISCO, June 11- Google Inc bought Israeli mapping startup Waze on Tuesday for an undisclosed sum, acquiring an online real-time mapping service to safeguard its own lead in one of the most crucial aspects of smartphone usage.
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Google bought Israeli mapping startup Waze on Tuesday for an undisclosed sum.
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SAN FRANCISCO, June 11- Google Inc bought Israeli mapping startup Waze on Tuesday for an undisclosed sum, acquiring an online real-time mapping service to safeguard its own lead in one of the most crucial aspects of smartphone usage.
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NEW YORK-- Hertz Corp. said Tuesday that its United Kingdom subsidiary acquired accident management provider CCL Vehicle Rentals Ltd.. Hertz said the move positions it for significant growth potential in the United Kingdom's $1.5 billion car and van insurance replacement market.
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Google is finalizing its deal with real-time, social-mapping company Waze, reports CNBC's Seema Mody.
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SAN FRANCISCO, June 10- Google Inc is finalizing a deal to acquire online mapping company Waze for $1.3 billion, according to a source familiar with the matter. Google and Waze declined to comment.
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SAO PAULO, June 10- Brazil's JBS SA will acquire Marfrig Alimentos SA's local poultry and pork unit for $2.75 billion in assumed debt, further extending its reach beyond its core beef business in a deal that throws a lifeline to its financially strapped rival.
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