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Acquisitions

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  • RICHMOND, Va.— Camel cigarette maker Reynolds American Inc.' s planned $25 billion takeover of Newport seller Lorillard Inc. is moving forward after shareholders approved the deal at special shareholder meetings Wednesday. The transaction, which Reynolds and Lorillard value at about $27 billion including debt, would also create a powerhouse in menthol...

  • Jan 27- Chocolate maker Hershey Co is in late-stage talks to acquire Krave, a maker of healthy beef, turkey and pork jerky snacks, according to people familiar with the matter. The deal is expected to value Sonoma, California- based Krave at between $200 million and $300 million, the people said this week. It sells to retailers that include Target Corp, Vitamin Shoppe...

  • *IAG would operate Aer Lingus as separate brand. DUBLIN, Jan 27- The board of Irish airline Aer Lingus has recommended an improved 1.36- billion-euro takeover offer from the owner of British Airways which now must sooth government concerns to win shareholder approval. Aer Lingus said its recommendation is subject to being satisfied with how IAG proposes to...

  • DUBLIN— Aer Lingus said Tuesday it supports a takeover bid by British Airways parent IAG, putting the Irish national airline with its trademark shamrock tailfins on course for foreign acquisition nine years after its privatization. The government, which retained a 25.1 percent share when it privatized Aer Lingus in 2006, opposed Ryanair's ambitions and has...

  • The star of "Shaolin Soccer" and "Red Cliff" and Huang Youlong, her husband, paid more than HK $3 billion for 9.18 percent of Alibaba Pictures Group Ltd, according to Hong Kong stock exchange filings. This month, Alibaba Pictures unveiled its first movie project under its new ownership, a romance to be produced by acclaimed Hong Kong director Wong Kar- wai.

  • Jan 26- Pipeline company Energy Transfer Partners LP said on Monday it would buy affiliate Regency Energy Partners LP for about $11 billion, the latest example of master limited partnerships trying to simplify their structures and lift returns. Unlike the $44 billion deal industry leader Kinder Morgan Inc led last year to fold all of its units into a...

  • Jan 26- Cereal maker Post Holdings Inc said it would acquire privately held rival MOM Brands Co for about $1.15 billion in cash and stock to expand in the bagged and hot cereal categories. Post has been aggressively pursuing deals since it was spun off from Ralcorp Holdings in 2012. The cereal maker said in April that it would buy egg and dairy producer and...

  • DUBLIN— Aer Lingus announced Monday that British Airways parent IAG has made an improved takeover offer of 2.55 euros per share, and the board of the Irish airline says it is considering the proposal. Instead, Aer Lingus said acceptance of IAG's all-cash offer would require "irrevocable commitments" from the two biggest shareholders: rival budget carrier...

  • Jan 23- Expedia Inc has acquired online travel agency Travelocity from technology company Saber Corp for $280 million in cash, the companies said in a statement on Friday, as consolidation in the online booking industry continues. The deal follows a 2013 marketing agreement in which Expedia Inc's technology powered platforms for Travelocity's U.S. and...

  • Family Dollar shareholders approve Dollar Tree takeover Thursday, 22 Jan 2015 | 11:09 AM ET

    Family Dollar shareholders voted on Thursday to approve a takeover bid by rival Dollar Tree, despite higher competing offers from Dollar General. Dollar General's pursuit of Family Dollar is now likely finished. Family Dollar said it rejected Dollar General's bids because it expected that it would be harder to get regulatory approval for the deal even...

  • Jan 22- Audio products maker Harman International Industries said it would acquire two privately held companies for a combined $950 million in cash and stock to bulk up its offerings for the "connected car." Harman, home to brands such as JBL, Mark Levinson and Harman Kardon, said it would buy Symphony Teleca, a software services company, for $780 million, and Israel-...

  • Icahn nominates two directors to Gannett board Thursday, 22 Jan 2015 | 9:13 AM ET

    Jan 22- Activist investor Carl Icahn nominated two directors to USA Today publisher Gannett Co Inc's board. Icahn, who owned about 6.6 percent of Gannett as of Sept. 30, said he was concerned about the decisions the company may make in anticipation of its proposed spinoff. I would not be surprised if either company became the target of a takeover attempt, "Icahn wrote...

  • Kinder Morgan names Kean CEO to succeed Richard Kinder Wednesday, 21 Jan 2015 | 5:31 PM ET

    HOUSTON— Kinder Morgan Inc. said Wednesday that its founder Richard Kinder will step down as CEO in June and serve as chairman of the company. Kinder Morgan announced separately that it is acquiring oil and gas processing company Hiland Partners in a deal worth $3 billion, including roughly $1 billion in debt. Kinder Morgan says the purchase will give it access...

  • Kinder Morgan acquires Hiland Partners Wednesday, 21 Jan 2015 | 5:11 PM ET

    HOUSTON— Kinder Morgan says it is acquiring oil and gas processing company Hiland Partners in a deal worth $3 billion, including roughly $1 billion in debt. Kinder Morgan says the deal will give it access to some of the Bakken's most attractive and economically viable areas. Kinder Morgan says the acquisition will add modestly to its cash available to pay...

  • *Deal to help Dalian diversify, expand in entertainment. BEIJING, Jan 21- China's biggest property conglomerate, Dalian Wanda Group Co, has bought 20 percent of Spanish soccer champions Atletico Madrid for 45 million euros, becoming the first Mainland company to invest in a premier European club. Under terms of the investment, Dalian will spend an additional 15...

  • NEW YORK— Twitter said Tuesday that it plans to buy Indian mobile marketing company ZipDial as it tries to reach new users in developing regions. The San Francisco company did not disclose financial details or when it expects the deal to close. Founded in 2010, ZipDial has created campaigns for beverage maker PepsiCo and toy maker Mattel Inc., according to its...

  • *Halliburton says job cuts to be in line with primary competitors. Jan 20- Oilfield service providers Baker Hughes Inc and Halliburton Co plan to cut thousands of jobs as drilling activity slows further due to a steep fall in crude oil prices. Baker Hughes, which is being acquired by Halliburton in a near- $35 billion deal, said earlier in the day it would lay off 7,000...

  • Twitter buys Indian mobile marketing start-up ZipDial Tuesday, 20 Jan 2015 | 1:02 AM ET

    Jan 20- Twitter Inc on Tuesday said it will buy Indian mobile phone marketing start-up ZipDial, reportedly for $30 million to $40 million, as the U.S. microblogging service looks to expand in the world's second-biggest mobile market. The start-up's clients include International Business Machines Corp, Yum! Techcrunch, citing unidentified sources, reported...

  • Depomed to pay $1 bln for J&J pain drug franchise Thursday, 15 Jan 2015 | 4:15 PM ET

    Jan 15- Depomed Inc on Thursday said it has agreed to pay $1.05 billion to acquire the U.S. rights to Johnson& Johnson's Nucynta opioid pain drug franchise, giving the smaller company a new flagship product expected to significantly add to revenue and earnings. Over the 12 months ending in September, the Nucynta franchise had sales of $166 million- something of an...

  • *S.Korea firm offered up to $7.5 bln to buy Canada firm- source. SEOUL, Jan 15- South Korea's Samsung Electronics Co Ltd said on Thursday that it had no plan to buy Canada's Blackberry Ltd, denying a Reuters report on a takeover approach. Samsung recently offered to buy BlackBerry for as much as $7.5 billion, seeking its valuable patents as it battles Apple in the...