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Acquisitions

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  • Time Warner shares jumped 15.3 percent to $81.86 before the bell as Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down. *A partnership struck between IBM and Apple Inc will serve to boost indexes. IBM shares gained 1.8 percent to $191.85 and Apple advanced 2.1 percent to $97.35 in premarket.

  • Rejected Fox bid for Time Warner shows growth mood Wednesday, 16 Jul 2014 | 9:06 AM ET

    NEW YORK— In a move that aims to counter consolidation among TV distributors, Rupert Murdoch's Fox has made an unsolicited takeover offer for rival media giant Time Warner for about $76 billion in cash and stock.

  • Ahead of the Bell: Report details Time Warner bid Wednesday, 16 Jul 2014 | 8:19 AM ET

    Shares of Time Warner soared in premarket trading Wednesday after The New York Times reported that the media giant had rejected an $80 billion takeover bid from Rupert Murdoch's Twenty-First Century Fox.

  • 3M to spend about $885M to buy subsidiary stake Wednesday, 16 Jul 2014 | 7:22 AM ET

    ST. PAUL, Minn.— 3 M will take full control of its Sumitomo subsidiary by acquiring the 25 percent of the company that it doesn't already own for $885 million. The maker of Post-it notes established the subsidiary in 1961 as a joint venture with Sumitomo Electric Industries and NEC Corp. 3 M acquired NEC's stake in 2003, increasing its stake to 75 percent.

  • MILAN- July 16- Italy's GTECH will buy U.S. slot machine maker International Game Technology for $6.4 billion including debt, shifting the lottery operator's centre of gravity away from its struggling domestic market.

  • July 16- Italian lottery operator GTECH SpA said it will buy Las Vegas- based slot machine maker International Game Technology for $4.7 billion in cash and stock to increase its scale and offerings in the global gaming market. The company has received binding commitments of $10.7 billion from Credit Suisse, Barclays and Citigroup to finance the deal.

  • Mexican bread maker Grupo Bimbo to buy Ecuador's Supan Tuesday, 15 Jul 2014 | 6:12 PM ET

    MEXICO CITY, July 15- Mexico's Grupo Bimbo, one of the world's largest bread makers, said on Tuesday it had agreed to buy Ecuadorian peer Supan, as it seeks to widen its presence in South America. Grupo Bimbo did not mention the cost of the acquisition in its statement announcing the deal.

  • CVS to buy South Florida Hispanic pharmacy chain Tuesday, 15 Jul 2014 | 2:54 PM ET

    MIAMI— CVS Caremark is set to buy a South Florida drugstore chain that has historically catered to Hispanic customers. CVS announced the agreement to acquire Navarro Discount Pharmacy on Monday after stock markets had closed.

  • LHC to acquire Life Care Home Health Tuesday, 15 Jul 2014 | 10:37 AM ET

    LAFAYETTE, La.— Lafayette- based home nursing firm LHC Group will buy 14 home health agencies from a Tennessee company for $10 million in cash. Life Care Home Health Inc.' s agencies are spread across seven states. The Life Care agencies are in Arizona, Colorado, Massachusetts, Rhode Island, Tennessee, Utah and Washington.

  • *Albermale to pay $50.65 in cash and 0.4803 in stock. July 15- Chemicals maker Albemarle Corp said it would buy rival Rockwood Holdings Inc for $6.2 billion to tap the fast-growing demand for lithium products used in mobile phone and automobile batteries. Rockwood shareholders will get $50.65 in cash and 0.4803 Albemarle shares for each share they own.

  • J&J 2Q profit climbs 13 percent on new-drug sales Tuesday, 15 Jul 2014 | 8:23 AM ET

    Still, J&J shares fell in midday trading after company officials cited two drags on second-half revenue: the June 30 sale of its Ortho-Clinical Diagnostics business for about $4 billion, and expected new competition for Olysio, J&J's new treatment for chronic hepatitis C. In midday trading, shares were down $1.71, or 1.6 percent, at $103.67.

  • July 15- Reynolds American Inc said it would buy rival Lorillard Inc for about $25 billion, merging two of the world's biggest cigarette makers amid a slowdown in sales. Reynolds, whose brands include Camel and Pall Mall, offered $68.88 per Lorillard share, representing a premium of 2.5 percent to Lorillard's Monday closing.

  • Tobacco firm Reynolds American to buy Lorillard Tuesday, 15 Jul 2014 | 7:28 AM ET

    Camel cigarette maker Reynolds American Inc.' s $25 billion deal to buy Newport maker Lorillard Inc. creates a formidable No. 2 tobacco company in the U.S. behind Marlboro maker Altria.

  • July 15- Chemicals maker Albemarle Corp said it would buy rival Rockwood Holdings Inc for $6.2 billion to bulk up its lucrative specialty chemical offerings. Rockwood shareholders will get $50.65 in cash and 0.4803 Albemarle shares for each share they own. Albemarle's shares closed at $72.62 on the New York Stock Exchange on Monday.

  • Albemarle to buy Rockwood in a $6.2 bln deal Tuesday, 15 Jul 2014 | 6:12 AM ET

    July 15- Specialty chemical company Albemarle Corp said it would buy rival Rockwood Holdings Inc in a cash-and-stock deal valued at about $6.2 billion. Rockwood shareholders will get $50.65 in cash and 0.4803 Albemarle shares for each share they own. The offer translates to $85.53 per share, a 13 percent premium to Rockwood's Monday closing price.

  • US companies look overseas for tax bill relief Monday, 14 Jul 2014 | 3:05 PM ET

    Generic drugmaker Mylan Inc. said Monday it will become part of a new company organized in the Netherlands in a $5.3 billion deal to acquire some of Abbott Laboratories' generic-drugs business.

  • AECOM acquires URS for $6 billion     Monday, 14 Jul 2014 | 2:15 PM ET

    In a $6 billion deal, engineering giant AECOM Technology Corporation, announced its acquisition of rival URS. AECOM Technology Corporation CEO Mike Burke discusses the deal, the regulatory environment outside the U.S., and his confidence in regards to paying down debt.

  • July 14- Generic drugmaker Mylan Inc said on Monday it would buy Abbott Laboratories' branded specialty and generics business in developed markets outside the United States in a $5.3 billion deal that will bolster its product line and also cut its tax bill.

  • BUZZ-PROFESSIONAL DIVERSITY NETWORK INC: TO ACQUIRE NAPW INC@ July 14-** Online professional network. operator's shares up 15.5 pct at $4.88 after deal to take over owner of National Association of Professional Women. **Company will issue 6.3 million shares for all outstanding shares of NAPW and pay $3.5 million in cash to sole shareholder of NAPW.

  • Crumbs files for Chapter 11; could be acquired Monday, 14 Jul 2014 | 12:25 PM ET

    NEW YORK— An investor group that includes investor and reality TV star Marcus Lemonis said it plans to acquire Crumbs Bake Shop out of bankruptcy. Crumbs, which filed for Chapter 11 bankruptcy reorganization Friday in New Jersey, said it agreed to be acquired by Lemonis and Fischer Enterprises, the company behind Dippin' Dots ice cream.