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Acquisitions

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  • UPDATE 3-Reynolds, Lorillard confirm takeover talks Friday, 11 Jul 2014 | 8:32 AM ET

    *Lorillard market value is $22.9 bln. LONDON, July 11- U.S. cigarette maker Reynolds American Inc is in talks to acquire rival Lorillard Inc in a multi-billion dollar deal that would include the sale of some brands to Britain's Imperial Tobacco Group Plc, the companies said on Friday.

  • NEW YORK, July 11- General Electric Co's second-quarter earnings report next Friday comes soon after it prevailed in a two-month fight to acquire the power assets of France's Alstom.

  • LONDON, July 11- Imperial Tobacco, the world's fourth-largest tobacco group, said on Friday it was in talks with Reynolds and Lorillard to acquire certain assets and brands that could be sold by the two companies. Reynolds and Lorillard are in advanced talks about a deal that would merge the No.2 and No.3 U.S. cigarette makers, Reuters has previously reported.

  • *CIMB aims to acquire RHB and Malaysia Building Society. KUALA LUMPUR, July 10- Malaysia's CIMB Group Holdings Bhd is seeking to acquire two lenders to create the country's biggest bank in a move that is likely to push larger rival Maybank and others in the region to bulk up too.

  • *CIMB aims to acquire RHB and Malaysia Building Society- source. KUALA LUMPUR, July 10- Malaysia's CIMB Group Holdings Bhd is seeking to acquire two lenders to create the country's biggest bank, a source familiar with the deal said, a move that is likely to push larger rival Maybank and others in the region to bulk up too.

  • *CIMB, RHB and Malaysia Building Society to seek merger- reports. KUALA LUMPUR, July 10- CIMB Group Holdings Bhd, Malaysia's second largest bank, is seeking to acquire two other lenders to create the country's biggest bank, media reports said.

  • *AbbVie retracts claim that Shire investors support bid. LONDON, July 9- U.S. drugmaker AbbVie has been forced to retract comments by its chief executive about shareholder support for its $51 billion bid for Shire after being caught out by British takeover rules.

  • *AbbVie retracts claim that Shire investors support bid. LONDON, July 9- U.S. drugmaker AbbVie has been forced to retract comments by its chief executive about shareholder support for its bid for Shire after being caught out by British takeover rules.

  • LONDON, July 9- U.S. drugmaker AbbVie has been forced to retract comments by its chief executive about shareholder support for its bid for Shire after being caught out by British takeover rules. "AbbVie confirms that it has not received any written commitments of support and accordingly retracts the statements," it said on Wednesday.

  • Pershing Square offers slate for Allergan board Monday, 7 Jul 2014 | 3:49 PM ET

    July 7- William Ackman's Pershing Square Capital Management proposed on Monday a slate of six directors for the board of Allergan Inc as the hedge fund presses forward with its $53 billion takeover bid with Valeant Pharmaceuticals International Inc for the Botox maker.

  • LONDON/ FRANKFURT July 7- U.S. agribusiness Archer Daniels Midland has agreed to buy Swiss-German natural ingredient company Wild Flavors for 2.3 billion euros to enter the flavouring and the health-conscious food sectors.

  • July 7- Touchscreen chipmaker Atmel Corp said it would buy Newport Media, a maker of low-power Wi-Fi and bluetooth gear, for $140 million to gain ground in a technology that helps connect everything through the Internet. Atmel's shares were down 1 percent in early trading on Thursday.

  • ADM buys ingredients company Wild Flavors for $3B Monday, 7 Jul 2014 | 6:45 AM ET
    A truck passes in front Archer-Daniels-Midland Co. (ADM) signage displayed on the side of a grain storage bin at an ADM grain elevator in Niantic, Illinois.

    ADM said it is buying food flavors and specialty ingredients company Wild Flavors for 2.2 billion euros ($3 billion) in cash.

  • PARIS, July 7- French gas and power group GDF Suez has bought the UK facilities management business of Australian property group Lend Lease, the firm said in a statement on Monday.

  • July 7- U.S. agricultural commodities group Archer Daniels Midland said it is buying food flavors and specialty ingredients company Wild Flavors for 2.2 billion euros in cash and will assume about 136 million euros of net debt. Hans-Peter Wild, son of founder Rudolf Wild, owns 65 percent of the company, while private equity firm KKR owns 35 percent.

  • July 7- Archer Daniels Midland said it is buying food flavors and specialty ingredients company Wild Flavors for 2.2 billion euros in cash and will assume about 0.1 billion euros of net debt.

  • GE names China CEO to integrate Alstom's power assets Thursday, 3 Jul 2014 | 12:37 PM ET

    July 3- General Electric Co said on Thursday that the president and CEO of its China business will lead the integration of the U.S. conglomerate's proposed acquisition of the power assets of France's Alstom.

  • Earlier Standard General had loaned its American Apparel shares to Charney, according to regulatory documents, allowing him to boost his stake in the company from about 27 percent to 43 percent. Charney had hoped to gain majority control, but American Apparel countered with an anti-takeover plan that prompted him to change his strategy.

  • Google streams into Songza     Wednesday, 2 Jul 2014 | 9:09 AM ET

    Google has acquired music streaming service Songza. The "Squawk on the Street" news team discuss who this deal benefits.

  • *Say Turkish state bank Ziraat Bank interested in Asya. ISTANBUL/ DUBAI, July 2- Qatar Islamic Bank and Turkey's Bank Asya have ended exclusive talks over QIB acquiring a stake in the Turkish lender, four sources close to the matter told Reuters, with valuation concerns said to be behind the decision.