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Acquisitions

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  • MUMBAI, April 30- An Indian court has temporarily halted generic drugmaker Sun Pharmaceutical Industries Ltd's $3.2 billion takeover of rival Ranbaxy Laboratories Ltd until it decides on a petition for a probe into alleged insider trading.

  • April 30- Exelon Corp, the largest U.S. nuclear power producer, said it would buy Pepco Holdings Inc for $6.83 billion to create the biggest electric and gas utility in the U.S. Exelon's $27.25 per share cash offer represents a near 20 percent premium to Pepco Holdings' Tuesday close of $22.79 on the New York Stock Exchange.

  • ZURICH, April 30- Brazilian-Swiss private bank J. Safra Sarasin has agreed to buy Morgan Stanley's Swiss private banking unit, beefing up its business with the wealthy in the Middle East and Latin America.

  • LONDON, April 30- The root of the problems which led to the near collapse of Britain's Co-operative Bank lay in its 2009 takeover of the Britannia Building Society and poor management controls, an independent review commissioned by the bank concluded.

  • UPDATE 2-Qatari fund buys UK's Heritage Oil for $1.6 bln Wednesday, 30 Apr 2014 | 4:20 AM ET

    LONDON, April 30- British oil company Heritage Oil agreed a 924 million pound takeover offer from a fund owned by the former chief executive of Qatar's sovereign wealth fund. Its suitor, Al Mirqab Capital, is the private investment vehicle of Qatar's Sheikh Hamad Bin Jassim Bin Jabor Al Thani and his family.

  • LONDON, April 29- Pfizer Chief Executive Ian Read flew into London on Tuesday to pitch his planned $100 billion takeover of rival British drugmaker AstraZeneca to government ministers and urge them not to obstruct the deal. A spokesman for the U.S. company said Read was meeting a number of key "stakeholders" in Britain, but declined to give further details.

  • UPDATE 1-Energy Future files for bankruptcy Tuesday, 29 Apr 2014 | 7:11 AM ET

    April 29- Leading Texas power company Energy Future Holdings filed for bankruptcy on Tuesday, seven years after its record leveraged buyout stacked it with debt just as prices for its electricity plunged.

  • April 29- A unit of Texas power company Energy Future Holdings, Texas Competitive Electric Holdings Co LLC, filed for bankruptcy on Tuesday, seven years after Energy Future's record leveraged buyout stacked it with debt just as electricity prices plunged.

  • *Structure of proposed deal for AstraZeneca sparks concerns. April 28- A wave of tax-driven overseas deal-making by U.S. companies gained momentum with drugmaker Pfizer Inc's announcement on Monday that it had made takeover bids for UK rival AstraZeneca Plc, fueling political concerns about tax "reflagging" strategies.

  • *Pfizer works on next move in takeover bid for Astrazeneca. Leading the Nasdaq down was Amazon.com, which extended Friday's sharp drop a day after its earnings report. Shares of Pfizer gained 4.2 percent to $32.04 after the U.S. drugmaker was said to be working on its next move in a potential bid to take over Britain's AstraZeneca Plc.

  • *Pfizer works on next move in takeover bid for Astrazeneca. Leading the Nasdaq down was Amazon.com, which extended Friday's sharp decline a day after its earnings report.

  • NEW YORK, April 28- Shares of AstraZeneca surged on Monday after a takeover offer, lifting global equity markets on speculation of further corporate deal-making, while crude oil prices fell on increased U.S. sanctions against Russia over the Ukraine crisis.

  • *Comcast aims to win regulatory approval for Time Warner Cable deal. April 28- Comcast Corp offered to sell 1.4 million pay TV subscribers to Charter Communications Inc for $7.3 billion as part of a transaction aimed at winning regulatory approval for its proposed $45 billion takeover of Time Warner Cable.

  • STOCKHOLM, April 28- Swedish drugmaker Meda rejected an improved takeover offer from U.S. generics firm Mylan which one person familiar with the matter said valued Meda at around $9 billion including debt, driving its shares sharply back down.

  • *Comcast aims to win regulatory approval for Time Warner Cable deal. April 28- Comcast Corp offered to sell 1.4 million pay TV subscribers to Charter Communications Inc for $7.3 billion, as part of a wider transaction aimed at winning regulatory approval for its proposed $45 billion takeover of Time Warner Cable.

  • UPDATE 1-Meda board rejects new Mylan offer Monday, 28 Apr 2014 | 2:50 AM ET

    STOCKHOLM, April 28- Swedish drugmaker Meda has rejected an improved takeover offer from U.S. generics firm Mylan, saying it was confident in its future as an independent company and its biggest shareholder did not support the bid.

  • UPDATE 1-Pfizer confirms desire to buy AstraZeneca Monday, 28 Apr 2014 | 2:28 AM ET

    LONDON, April 28- U.S. drugmaker Pfizer made a bid approach to AstraZeneca in January and contacted its British rival again on April 26 seeking to renew discussions about a takeover, the U.S. firm said on Monday. A Pfizer bid for AstraZeneca would be one of the largest ever pharmaceuticals deals.

  • April 27- German drugmaker Bayer AG is exploring the sale of its $10 billion plastics unit to focus on growing its health business, Bloomberg reported citing people with knowledge of the matter.

  • April 25- Prestige Brands Holdings Inc, a marketer and distributor of healthcare and cleaning products, said it would buy rival Insight Pharmaceuticals Corp for $750 million in cash to expand its range of feminine care products.

  • April 24- Zimmer Holdings Inc said on Thursday it would buy rival orthopedic products maker Biomet Inc for more than $13 billion, the latest deal in a wave of consolidations in the healthcare industry. The deal is expected to take Zimmer from the fourth-largest seller of orthopedics products to No. 2, behind Johnson& Johnson.