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Acquisitions

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  • 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...

  • In a 2006 audit, the Bank of Italy found that Antonveneta was inefficient, inadequately governed and filled with debts likely to default. Months later, the Bank of Italy approved its takeover with few reservations. "Clearly the Bank of Italy overestimated the strength of Monte dei Paschi at the time," said Nicolas Veron, a senior fellow at the Bruegel think tank.

  • Feb 24- Office Depot Inc said it expected sales to fall this year, mainly due to weak demand for office supplies and a stronger dollar. Office Depot's North America retail sales fell 7 percent in the fourth quarter, including the acquisition of OfficeMax. Staples said earlier this month that it would acquire Office Depot to better compete with online retailers.

  • MILAN, Feb 24- Italian aerospace and defence group Finmeccanica has agreed to sell its rail business to Hitachi Ltd in a deal which will cost the Japanese conglomerate up to 1.9 billion euros and cut Finmeccanica's debt by 15 percent. For Hitachi the acquisition will give it a stronger foothold in Europe where it competes with the world's top three train makers-...

  • Feb 24- Office supply retailer Office Depot Inc said it expected sales to fall this year due to challenging market conditions and a stronger dollar. Office Depot's North America retail sales fell 7 percent in the fourth quarter, including the acquisition of OfficeMax. This price gap is expected to hurt North America retail same-store sales at both Staples and...

  • BOCA RATON, Fla.— Office Depot, which is being acquired by Staples in a $6 billion deal, reported Tuesday that its fiscal fourth-quarter loss narrowed as sales improved. The office supplies company lost $84 million, or 15 cents per share, for the period ended Dec. 27. Office Depot Inc. had a fiscal 2014 adjusted profit of 22 cents per share on revenue of $16.1 billion.

  • BRUSSELS— The European Union opened an in-depth probe of General Electric's $14.1 billion takeover of the power division of French company Alstom on Monday fearing higher prices and less choice. In international business, the European Commission wields major power since its rejection of a multinational deal has thwarted mergers and takeovers in the past,...

  • Feb 23- Rare disease drugmaker PTC Therapeutics Inc is exploring a potential sale amid takeover interest from several pharmaceutical companies, including Shire Plc and BioMarin Pharmaceutical Inc, according to people familiar with the matter. The stock of PTC Therapeutics, which has a market valuation of roughly $2 billion, rose as much as 25 percent to...

  • WASHINGTON, Feb 23- Novartis AG has won U.S. antitrust approval to buy GlaxoSmithKline's oncology drugs, with conditions, the U.S. Federal Trade Commission said on Monday. The deal is one of three related transactions announced in April 2014 in which GlaxoSmithKline would buy Novartis' global vaccine business, except for flu vaccines, Novartis would buy Glaxo's...

  • Feb 23- Rupert Murdoch's Twenty-First Century Fox Inc held preliminary takeover talks with Discovery Communications Inc with a view to creating a $100 billion entertainment giant, the Australian Financial Review reported on Monday. Fox, which like other broadcasters is battling a shift to on-demand TV, denied there had been any talks with Discovery, which...

  • Feb 23- Rupert Murdoch's Twenty-First Century Fox Inc has held preliminary takeover talks with Discovery Communications Inc with a view to creating a $100 billion entertainment giant, the Australian Financial Review reported on Monday. Senior executives from both companies met about two weeks ago to discuss a potential takeover bid, the newspaper...

  • Canadian drugmaker Valeant Pharmaceuticals International Inc. has agreed to buy Salix Pharmaceuticals Ltd. for about $10 billion in cash. The deal is a win for Valeant, which made several offers to buy Allergan last year, but was repeatedly rebuffed by the Botox-maker. Allergan agreed to be acquired by Ireland- based Actavis in November.

  • NEW YORK, Feb 22- Canada's Valeant Pharmaceuticals International Inc. agreed to acquire gastrointestinal drugmaker Salix Pharmaceuticals Ltd. in an all-cash deal valued at about $10.1 billion, the two companies said on Sunday. The deal is the largest ever for Laval, Quebec- based Valeant, which lost a take-over contest for Allergan Inc last year.

  • Valeant to acquire Salix in $14.5 bln deal Sunday, 22 Feb 2015 | 4:46 PM ET

    NEW YORK, Feb 22- Valeant Pharmaceuticals International Inc. agreed to acquire Salix Pharmaceuticals Ltd. for $158.00 per share, or a total enterprise value of $14.5 billion, the two companies said on Sunday. The transaction, an all-cash tender offer for all the outstanding shares of Salix, was approved by the boards of directors of both companies, the companies...

  • Drugmaker Valeant to buy Salix for $14.5 billion Sunday, 22 Feb 2015 | 4:07 PM ET

    Salix, a maker of gastrointestinal drugs that has been courted by at least four potential suitors over the last year, has finally found a buyer.

  • Under pressure, European private equity specializes Sunday, 22 Feb 2015 | 4:25 AM ET

    Outgunned by Chinese and Middle Eastern funds and lacking U.S. rivals' breadth, European private equity is narrowing its view to specific industries.

  • NEW YORK/ FRANKFURT, Feb 20- Warren Buffett's Berkshire Hathaway Inc said on Friday it had agreed to buy German motorcycle apparel and accessories retailer Detlev Louis Motorrad-Vertriebs GmbH for a little more than 400 million euros. The purchase enables Buffett, known for his optimism about the United States and the investment opportunities it offers, to...