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Acquisitions

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  • Parent company Trump Entertainment Resorts, which Icahn is acquiring, says Stockton University should have bought the shuttered Atlantic Club at the opposite end of town for its campus instead of the Showboat. McDevitt said it is immoral for Icahn, through Trump Entertainment, to block the Showboat redevelopment when the company is sitting on the vacant...

  • March 30- Fortune Brands Home& Security Inc said it would acquire Norcraft Cos Inc for $441.4 million to expand its bathroom and kitchen cabinet business. Fortune, which makes MasterBrand cabinets and Moen faucets, will pay $25.50 per share, a premium of 11.4 percent to Norcraft's Friday closing price. Norcraft, a seller of kitchen and bathroom cabinets in North...

  • March 30- Ireland's Horizon Pharma Plc said it would acquire U.S. drugmaker Hyperion Therapeutics Inc in an all-cash deal worth about $1.1 billion.

  • ZURICH, March 30- Switzerland's Dufry plans to raise around 3.6 billion euros through a mixture of debt and equity financing for its planned takeover of Italy's World Duty Free, Dufry said on Monday. The company expects to raise at least 2.1 billion euros through a rights issue, and up to 1.5 billion euros via long-term debt instruments. On Saturday, Dufry said it...

  • BEIJING, March 29- The chairman of China National Chemical Corp said on Sunday he hopes to re-list Italy's Pirelli on the Italian stock exchange after his firm agreed earlier this month to acquire the world's fifth-largest tyre maker. Ren Jianxin also warned that a counterbid for Pirelli would hurt the Italian firm's investors and long-term strategy.

  • March 27- Intel Corp is in talks to buy fellow chipmaker Altera Corp in a deal likely to top $10 billion, according to a source familiar with the matter, making it Intel's biggest purchase ever and the latest merger in the quickly consolidating semiconductor sector. The acquisition of Altera, which makes programmable chips widely used in cellphone towers, the...

  • March 27- Intel Corp is in talks to buy fellow chipmaker Altera Corp in a deal likely to top $10 billion, making it Intel's biggest purchase and the latest merger in the quickly consolidating semiconductor sector, the Wall Street Journal reported on Friday. An acquisition of Altera, which makes programmable chips widely used in cellphone towers, the military and...

  • UPDATE 1-Intel in talks to buy Altera -WSJ report Friday, 27 Mar 2015 | 4:13 PM ET

    March 27- Intel Corp is in talks to buy fellow chipmaker Altera Corp in a deal that would likely top $10 billion, marking the latest merger in the semiconductor business, the Wall Street Journal reported on Friday. An acquisition of Altera, which makes programmable chips widely used in cellphone towers, the military and other industrial applications,...

  • Rival bidders reach deal over Kenya's Rea Vipingo Friday, 27 Mar 2015 | 3:08 AM ET

    NAIROBI, March 27- Kenya's Centum Investment has reached a deal with the majority owners of sisal grower Rea Vipingo after a protracted takeover battle between the two sides for the agricultural company. James Mworia, the chief executive of Centum, told Reuters on Friday his company would buy Rea Vipingo's land at the coast for 2 billion shillings while REA...

  • March 26- Builders FirstSource Inc, a U.S. supplier of residential building products, is in discussions to acquire peer ProBuild Holdings Inc for approximately $1.5 billion, including debt, three people familiar with the matter said on Thursday. The negotiations between Builders FirstSource and privately held ProBuild are ongoing and may not lead to an...

  • Outbound Chinese buyers confounding the doubters Thursday, 26 Mar 2015 | 7:25 PM ET

    Backed by cheap funding and a huge home market, mostly state-owned Chinese firms are snapping up overseas assets in a $391 billion shopping spree.

  • Heinz Co, owned by 3 G Capital and Warren Buffett's Berkshire Hathaway Inc, is acquiring a majority stake in Kraft Foods Group Inc to create the third-largest North American food company, executives said on Wednesday. Shares of Kraft were up more than 38 percent near $85 in morning trading. The deal would provide Heinz with access to Kraft brands, which it says are...

  • TORONTO, March 25- Canada's competition watchdog on Wednesday approved Postmedia's proposed takeover of Quebecor Inc's Sun Media English-language newspapers and digital assets, paving the way for one publisher to control a majority of the English-language dailies across Canada. The deal will bring some 175 newspapers and publications, including the...

  • ZURICH, March 25- Swiss bank Vontobel said it had the firepower for more deals, after agreeing to buy a majority stake in Britain's TwentyFour Asset Management and announcing takeover talks for a German-based asset manager. Zurich- based Vontobel has been restrained in acquisitions since buying Commerzbank's Swiss arm in 2009, despite stressing it has the...

  • HJ Heinz buys Kraft to build $28 billion food giant Wednesday, 25 Mar 2015 | 6:14 AM ET

    The combination of the two companies— each more than a century old— was engineered by Warren Buffett's Berkshire Hathaway and Brazilian investment firm 3 G Capital, which teamed up just two years ago to buy Heinz. Still, the early plans outlined by Kraft and Heinz executives in a conference call Wednesday focused largely on the savings that would be achieved...

  • March 24- Kraft Foods Group Inc, maker of Velveeta cheese and Oscar Mayer meats, is in talks to be acquired by Brazilian private equity firm 3 G Capital, a source familiar with the matter told Reuters on Tuesday. 3 G teamed up with Warren Buffett's Berkshire Hathaway Inc to acquire Ketchup maker H.J. The Wall Street Journal first reported on the possible deal and said...

  • March 24- Private equity firm 3 G Capital is in talks to acquire Kraft Foods Group Inc, a source familiar with the matter told Reuters on Tuesday. Based on Tuesday's close at $61.32, Kraft had a market capitalization of $36.06 billion. The company had 588.13 million shares outstanding as of March 2, according to Thomson Reuters data.

  • March 24- Private equity firm 3 G Capital is in talks to acquire Kraft Foods Group Inc, Wall Street Journal reported on Tuesday, citing people familiar with the matter.

  • NEW YORK— Printer maker Lexmark International will buy software developer Kofax Ltd. for about $1 billion. Lexmark says the purchase nearly doubles the size of its enterprise software business, giving that unit about $700 million in annual revenue. Lexmark, based in Lexington, Kentucky, had $3.7 billion in adjusted revenue in its latest fiscal year, while Kofax...

  • *Pirelli rises after takeover bid from ChemChina. LONDON, March 23- European shares slipped from multi-year highs on Monday, with car stocks hurt by a rise in the euro and lingering worries over Greece leading investors to book profits. Traders said that lingering uncertainty over Greece was also pegging back European stock markets.