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Acquisitions

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  • 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...

  • 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...

  • 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...

  • 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...

  • 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...

  • *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...

  • *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...

  • HONG KONG, Jan 14- China's e-commerce giant Alibaba Group Holding Ltd said on Wednesday it had bought a controlling stake in online marketing company AdChina, an investment aimed at bolstering its advertising business. Alibaba did not close the size of the deal or the stake it would take in AdChina, a Shanghai- based firm founded in 2007. The internet marketing...

  • Jan 13- Pet supply retailer PetSmart Inc disclosed on Tuesday it was in talks to acquire or merge with a privately held rival, but ended talks over competition and antitrust concerns. PetSmart succumbed to calls from Jana Partners LLC and other large shareholders for a sale last month by agreeing to be bought by a private equity consortium led by BC Partners Ltd...

  • ZURICH/ LOS ANGELES Jan 12- Roche Holding will acquire a majority stake in molecular and genomic analysis business Foundation Medicine, it said on Monday, signalling its determination to expand in cancer immunotherapy by paying a hefty mark-up on the U.S. company's current price. The deal will help the world's largest maker of cancer drugs push ahead in...

  • Great day for Foundation Medicine: CEO   Monday, 12 Jan 2015 | 7:29 AM ET
    Great day for Foundation Medicine: CEO

    CNBC's Meg Tirrell, and Michael Pellini, Foundation Medicine president & CEO, discuss the benefits of Roche's majority stake in Foundation Medicine.

  • TEL AVIV, Jan 12- Genband, a U.S. maker of software for telecoms and cable TV operators, aims to revolutionise phone-based customer services by ending consumer frustration at being kept on hold in a seemingly endless loop of recorded options messages. The Texas- based company, majority owned by JPMorgan's One Equity Partners, paid $50 million in 2013 to acquire...

  • ZURICH/ LOS ANGELES Jan 12- Roche Holding will acquire a majority stake in molecular and genomic analysis firm Foundation Medicine Inc for up to $1.18 billion, it said on Monday, in a move to bolster the Swiss drugmaker's personalised cancer treatments. The drugmaker said it will tender for about 15.6 million Foundation shares at $50 a share, worth up to about $780...