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Acquisitions

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  • July 2- U.S health insurer Aetna Inc is nearing an agreement to buy rival Humana Inc for about $34 billion in a cash and stock deal, people familiar with the matter told Reuters on Thursday. One person said Aetna's offer would value Humana at about $230 per share and that a deal could be announced as early as Friday. A $230 per share offer would be at a premium of nearly...

  • LONDON, July 2- BP's $18.7 billion settlement over the 2010 Gulf of Mexico spill draws a line under years of uncertainty to allow it to focus once again on growth but could make it an acquisition target. The British energy giant, whose shares are still some 35 percent below their value before the largest offshore spill in U.S. history, still faces headwinds from the...

  • Scripps buys controlling share in Polish broadcaster Thursday, 2 Jul 2015 | 8:19 AM ET

    WARSAW, Poland— The U.S. media company Scripps Networks Interactive Inc. has finalized an agreement for a controlling stake in Poland's largest commercial broadcaster, a 584- million-euro deal that comes as the U.S. company expands into Europe. Scripps Networks Interactive, which is based in Knoxville, Tennessee, on Thursday announced the completion of the...

  • SAN FRANCISCO, July 1- PayPal Inc said it would buy digital money transfer provider Xoom Corp for $890 million as it muscles into a growing international remittance market and expand in countries like Mexico, India and China ahead of a spinoff from eBay Inc.. The acquisition would allow Xoom to expand into new markets with less execution risk, Xoom CEO John Kunze...

  • PayPal to buy Xoom for $890 million cash Wednesday, 1 Jul 2015 | 6:44 PM ET

    NEW YORK— Ebay's PayPal unit is buying Xoom for $890 million cash in a bid to expand into international money transfers. Xoom is a San Francisco- based digital money transfer provider. PayPal said Xoom's presence in 37 countries including key markets like Mexico, India, the Philippines, China and Brazil will accelerate its expansion.

  • July 1- PayPal Inc said it would buy digital money transfer provider Xoom Corp for about $890 million in enterprise value as it tries to expand in markets such as Latin America, India and China ahead of a spinoff from eBay Inc.. The offer price of $25 per share in cash represents a premium of about 21 percent to Xoom's Wednesday closing price of $20.70.

  • Paypal to buy digital money transfer provider Xoom Wednesday, 1 Jul 2015 | 5:48 PM ET

    July 1- PayPal Inc, the electronic payments division of eBay Inc, said it would buy digital money transfer provider Xoom Corp for about $890 million in enterprise value. The offer price of $25 per share represents a premium of 21 percent to Xoom's Wednesday closing price of $20.70. Paypal said the deal, expected to close in the fourth quarter of 2015, will slightly...

  • JBS USA Pork to buy Cargill pork business for $1.45 bln Wednesday, 1 Jul 2015 | 4:48 PM ET

    July 1- Cargill Inc said JBS USA Pork would buy its U.S.-based pork business for $1.45 billion. The acquisition includes two meat processing plants in Iowa and Illnois. JBS USA is a unit of Brazil- based meat processing company JBS S.A..

  • WASHINGTON, July 1- The United States filed a lawsuit on Wednesday to stop Sweden's Electrolux AB, which owns the Frigidaire and Tappan brands, from buying General Electric Co's appliance business, the Justice Department said in a statement. "Electrolux's proposed acquisition of General Electric's appliance business would leave millions of Americans...

  • NEW YORK— RadioShack will live on after its bankruptcy. That means Standard General can use the name on the more than 1,740 RadioShack stores it bought in April. As part of the deal, Standard General will also acquire RadioShack's other brands, including Enercell batteries and Auvio speakers.

  • NEW YORK, July 1- Star bond fund manager Bill Gross will be getting help running his struggling Janus Capital Group Inc mutual fund from Kapstream Capital Pty Ltd's Kumar Palghat, Janus said on Wednesday after acquiring a majority stake in Kapstream. Gross, who began managing the Janus Global Unconstrained Bond Fund in October, will continue to be primary...

  • MADRID, July 1- Power group UIL Holdings said on Wednesday it would quickly address regulators' concerns after its $3 billion takeover by Spain's Iberdrola was rejected by a U.S. antitrust watchdog in a preliminary decision. Iberdrola agreed in February to buy UIL to gain presence in Connecticut, Massachusetts, Maine and New York as part of an expansion plan in...

  • MADRID, July 1- Power group UIL Holdings said on Wednesday it would quickly address regulators' concerns after its $3 billion takeover by Spain's Iberdrola was rejected by a U.S. antitrust watchdog in a preliminary decision. Iberdrola agreed in February to buy UIL, a company with presence in Connecticut, Massachusetts, Maine and New York, to expand in the United...

  • July 1- Constellation Brands Inc reported a better-than-expected quarterly profit, helped by higher sales of its Corona and Modelo beers, and said it would buy the Meiomi wine brand for about $315 million. The alcoholic beverage maker raised its adjusted earnings forecast for the year ending February to $4.80- $5 per share from $4.70- $4.90 per share, driven by...

  • *Shares surge 17 pct to A $7.77 but below bid price of A $9.05 Asciano's former parent, Toll Holdings, agreed to sale in Jan. SYDNEY, July 1- Canada's Brookfield Asset Management has approached Australia's Asciano Ltd with a $6.8 billion takeover bid, but uncertainty about whether the deal would go through capped gains in the stock price of the rail freight firm.

  • The Seoul Central District Court said the proposed takeover of Samsung C&T by Cheil Industries is legal and fair, clearing ways for Samsung to put the merger to a shareholder vote on July 17. Samsung said in May Cheil will take over Samsung C&T because construction and trading businesses needed new revenue sources, while Cheil, which operates businesses in...

  • Canadian government approves Cirque du Soleil sale Tuesday, 30 Jun 2015 | 7:00 PM ET

    OTTAWA, Ontario— The Canadian government has approved the sale of Cirque du Soleil to a group headed by a U.S. private equity firm and its Chinese partners. Industry Minister James Moore said Tuesday the application to acquire the famed circus troupe was deemed an overall economic benefit for Canada. TPG is acquiring a 60 percent stake, Chinese investment firm...

  • Prime is Sun Life's third acquisition of an asset manager since January. Once all three close, Sun Life will oversee about C $50 billion in assets for third parties, the company said. Toronto- based Sun Life, Canada's third-largest insurer, said the acquisition of Prime, which has about $13 billion in assets under management, would be in cash, but it did not disclose...

  • Toronto- based Sun Life did not disclose the value of the deal. Sun Life followed that up last month with the C $560 million acquisition of North American real estate investment manager Bentall Kennedy Group. Prime Advisors, which had about $13 billion in assets under management as of May 31, will operate as a standalone unit of Sun Life Investment Management, Sun...

  • TORONTO, June 29- A CIBC Wood Gundy investment adviser is pushing Extendicare Inc, a Canadian operator of senior care centers, to pay a special dividend of at least C $100 million and make other changes following the sale of its U.S. business. Markham, Ontario- based Extendicare has been narrowing its geographic focus to long-term senior care centers in Canada.