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Acquisitions

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  • DUBAI, United Arab Emirates— Qatar Airways said Friday it has bought nearly 10 percent of the parent company of British Airways and Spain's Iberia, deepening wealthy Qatar's business ties to Europe and intensifying competition with the airline's fast-growing Gulf rivals. "It makes sense for us to work more closely together in the near term and we look forward...

  • Atlantic City casino workers demonstrated outside the New York City offices of billionaire investor Carl Icahn on Thursday to protest the elimination of benefits at a casino he is poised to acquire. He is taking over the bankrupt Trump Entertainment Resorts, which owns the Trump Taj Mahal casino. "I feel like we made our point," said Valerie McMorris, a cocktail...

  • Jan 28- Camel cigarettes maker Reynolds American Inc's shareholders approved its $25 billion acquisition of Newport menthol cigarette maker Lorillard Inc, a deal that would combine the No.2 and No.3 U.S. cigarette companies. A combination of Reynolds and Lorillard would create an entity that would control about 40 percent of the U.S. cigarettes market.

  • Reynolds American shareholders approve to buy Lorillard Wednesday, 28 Jan 2015 | 9:40 AM ET

    Jan 28- Camel cigarettes maker Reynolds American Inc's shareholders approved its $25 billion acquisition of smaller rival Lorillard Inc.. The proposed deal, which was announced last July, has attracted intense antitrust scrutiny as it seeks to combine the No.2 and No.3 U.S. cigarette makers. About 451 million of Reynolds' outstanding shares were voted in...

  • 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...