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  • *AbbVie to pay $261.25 per share in cash and stock. The deal gives AbbVie access to Pharmacyclics' cancer drugs portfolio, lessening the Chicago- based company's dependence on its rheumatoid arthritis drug Humira that accounts for most of its sales. "Imbruvica is not only complementary to AbbVie's oncology pipeline, it has demonstrated strong clinical...

  • AbbVie will spend about $21 billion to buy fellow drugmaker Pharmacyclics and add another major revenue producer to a portfolio that already includes the world's top-selling drug. AbbVie executives told analysts on Thursday that their company could reap more than $7 million in annual sales from Imbruvica in a few years. While AbbVie touted the potential...

  • AbbVie will pay $261.25 per share in cash and stock, a 13 percent premium to Pharmacyclics stock's closing price on Wednesday on the Nasdaq. Pharmacyclics stockholders can elect cash, AbbVie stock or a combination, subject to proration, the company said in a statement. "Imbruvica is not only complementary to AbbVie's oncology pipeline, it has demonstrated...

  • March 4- U.S. solar project developer SunEdison Inc is expanding into the fast-growing market for grid energy storage with the acquisition of a startup that pairs big batteries with solar installations. SunEdison said its purchase of Solar Grid Storage LLC, to be announced on Thursday, will allow it to begin building a storage plan across the country, Tom Leyden,...

  • DENVER— IBM announced the purchase of AlchemyAPI, a small Denver startup, on Wednesday as part of its effort to expand its Watson cognitive computing system. The move comes as Armonk, New York- based IBM is shifting away from hardware to focus on business analytics, cloud computing and mobile services. Last year, the company invested more than $1 billion in Watson,...

  • SAN FRANCISCO— Uber Technologies is buying digital mapping specialist deCarta in a deal that may help the rapidly growing ride-hailing service lessen its dependence on navigation services from Google and Apple, an imposing pair of potential rivals. The deCarta deal comes a month after an unconfirmed report that Google Inc. is planning a rival ride-hailing...

  • Nielsen acquires data and technology company eXelate Wednesday, 4 Mar 2015 | 12:54 PM ET

    NEW YORK— Nielsen said Wednesday it is buying eXelate, a company that provides data and technology to buy and sell ads that get seen by the right audience. Nielsen said the acquisition will let its clients improve their advertising effectiveness and help media companies sell their content better. Financial terms were undisclosed and Nielsen did comment on the...

  • UPDATE 1-Starboard says Staples needs to "improve" board Wednesday, 4 Mar 2015 | 10:49 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. Office Depot's shares were slightly down at $9.42. The hedge fund's founder and Chief Executive Jeffrey Smith in January pushed Staples to...

  • 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...