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  • May 18- Ascena Retail Group Inc, which runs Dressbarn and Lane Bryant women's clothing stores, said it agreed to buy rival Ann Inc, owner of LOFT and Ann Taylor, for $2.15 billion. That works out to $47 per share, representing a 21.4 percent premium to Ann's closing price of $38.71 on Friday. "With the addition of the Ann Taylor and LOFT brands, Ascena will become one of...

  • Ann Taylor will join a stable of retail clothing stores owned by Ascena, including Lane Bryant, Justice, Dress Barn and Cacique, giving the combined company annual sales of $7.3 billion. A push for the sale of the Ann Inc. began in earnest last August when major shareholders Engine Capital LP and its partner Red Alder LLC urged the board to put the company on the...

  • Ascena Retail to buy Ann Inc for about $2.15 bln Monday, 18 May 2015 | 7:38 AM ET

    May 18- Apparel retailer Ascena Retail Group Inc said it agreed to buy women's clothing maker Ann Inc for about $2.15 billion in cash and stock. Ascena's offer of $47 per share represents a 21.4 percent premium to Ann's closing price of $38.71 on Friday. Ascena said the offer does not require approval by its stockholders and expects the deal to close in the second...

  • SABMiller buys Meantime Brewing Company   Friday, 15 May 2015 | 7:00 AM ET
    SABMiller buys Meantime Brewing Company

    SABMiller is buying the Meantime Brewing Company. CNBC's Kate Rogers reports.

  • *Brait's second major deal in a month. The deal puts Brait, whose top shareholder is South African retail mogul Christo Wiese, in the middle of the crowded British high street, where New Look vies with Primark, part of AB Foods, Next and H&M. It is the second big deal in a month for Brait, one of Africa's largest investment houses which is also buying fitness chain Virgin...

  • May 14- Avago Technologies Ltd, looking to acquire a fellow chipmaker, has reached out to potential targets including Xilinx Inc, Renesas Electronics Corp and Maxim Integrated Products Inc, according to people familiar with the matter. Neither Silver Lake nor KKR still own stakes in Avago, but the former provided financing for Avago's $6.6 billion acquisition...

  • PayPal will list on the Nasdaq later this year Thursday, 14 May 2015 | 2:49 PM ET

    PayPal, which was founded in 1998, previously traded on the Nasdaq in 2001 under the same ticker, before being acquired by eBay in 2002.. Dan Schulman, who will become CEO and president of PayPal when it spins off from eBay, said in a statement Thursday that the ticker "represents our unbroken commitment to the spirit of the original vision that sparked the launch of...

  • The bid for Avon that apparently was not Thursday, 14 May 2015 | 12:44 PM ET

    Shares of Avon jumped as much as 20 percent after the takeover offer appeared on the website maintained by the Securities and Exchange Commission, a regulator that oversees stock markets. A company calling itself PTG Capital Partners said in a document filed with the SEC that it would pay $8 billion for Avon, an enormous premium for investors in the cosmetic...

  • RadioShack has a new owner   Thursday, 14 May 2015 | 8:54 AM ET
    RadioShack has a new owner

    Standard General bought the RadioShack brand name for $26.2 million in an auction.

  • *Germany, Brazil, Latam grow but Spain still contracting. Having recently bought rivals in Germany and Brazil and agreed the sale of its British business O2 UK to Hutchison Whampoa, Telefonica is now focused on fixing its domestic business, which has shrunk by 40 percent since 2009 and today accounts for just a quarter of revenues. Telefonica last month announced...

  • HONG KONG, May 14- China Vanke said on Thursday it would form a partnership with Dalian Wanda Group to jointly acquire land and develop real estate projects. Dalian Wanda officials in Beijing were not immediately available for comment. The parent company of Hong Kong- listed Dalian Wanda Commercial Properties Co, said last month it would follow an "asset-light"...

  • May 13- Danaher Corp said it would buy Pall Corp, a maker of water and air filters, for about $13.8 billion including debt and then split into two public companies. The company retaining the Danaher name will comprise Pall Corp and Danaher's existing life sciences and diagnostics, dental, water quality and product identification businesses.

  • May 13- Danaher Corp said it would buy Pall Corp, a maker of water and air filters, for about $13.8 billion including debt and then split into two public companies. The company retaining the Danaher name will comprise Pall Corp and Danaher's existing life sciences and diagnostics, dental, water quality and product identification businesses.

  • Danaher buying Pall for about $13.56 billion Wednesday, 13 May 2015 | 7:59 AM ET

    PORT WASHINGTON, N.Y.— Danaher will spend approximately $13.56 billion to acquire Pall Corp., a company that makes water filtration systems for airplane manufacturers, public works companies and notably, biopharmaceuticals. Danaher also announced Wednesday that it will split into two publicly traded companies. Danaher, which produces goods for the medical...

  • Verizon buys AOL for $4.4 billion in mobile video bet Tuesday, 12 May 2015 | 7:16 AM ET

    NEW YORK— After selling millions of Americans their mobile phones, Verizon now wants to capture their eyeballs, too. As its phone business slows down, the nation's largest wireless carrier is making a $4.4 billion bet that it can find growth in mobile video and advertising by buying AOL, one of the Internet's oldest brands, which has been through its own share of...

  • GE mulls concessions to win approval of Alstom deal Tuesday, 12 May 2015 | 3:24 AM ET
    The General Electric Co. (GE) logo is displayed during the company's annual meeting.

    General Electric said it would be willing to consider concessions in order to win European approval to acquire the power equipment unit of Alstom.

  • NEW YORK/ BRUSSELS, May 11- General Electric Co said on Monday for the first time it would be willing to consider concessions in order to win European approval to acquire the power equipment unit of France's Alstom. "We are willing to explore remedies to get this deal done even though again we believe in the merits of the deal," Steve Bolze, president and CEO of GE Power&...

  • HELSINKI— Finland's Fiskars says it has agreed to buy luxury home goods maker WWRD, whose brands include Waterford crystal and Wedgwood china, for $437 million. The Finnish home, garden and outdoor products maker on Monday said the purchase of WWRD from KPS Capital Partners, a New York- based private equity firm, is part of its strategy to become a leader in the...

  • May 11- Drugmaker Actavis Plc, which completed its $66 billion acquisition of Botox maker Allergan in March, reported a better-than-expected quarterly profit, helped by higher sales of its branded drugs in North America. Actavis forecast 2015 revenue of $20.5 billion to $21 billion on Monday. Actavis said first-quarter results included business from...

  • HELSINKI, May 11- Finnish home and garden products company Fiskars said it was buying china and glass maker WWRD for $437 million to put more focus on luxury brands and boost growth in the United States. WWRD, which manufactures under brands such as Wedgwood, Waterford and Royal Doulton, is currently owned by U.S. private equity firm KPS Capital Partners and has...