PARIS, Dec 19- Chinese billionaire Guo Guangchang on Friday sweetened his bid for struggling Club Mediterranee at the last minute, trumping a 24 euros offer from Italian tycoon Andrea Bonomi in France's longest-running takeover battle. The new offer was made by Gaillon Invest II, majority controlled by Guo's Fosun conglomerate. It now includes Fosun with a...» Read More
*Syngenta declines to comment on report of Monsanto talks. ZURICH, June 24- Syngenta's shares jumped on Tuesday after a media report that the Swiss crop chemical maker had been in talks about a $40 billion takeover by U.S. rival Monsanto Co to create the world's largest agrochemical company.
TORONTO, June 24- Two large groups of investors that control roughly 20 percent of the shares of Tuckamore Capital Management Inc have gone public with their discontent over a management-led buyout of the firm, being sponsored by Birch Hill, a private equity player.
LONDON/ MADRID, June 24- Private equity firm KKR is to buy a one-third stake in indebted Spanish group Acciona's international wind farms arm for 417 million euros, the companies said on Tuesday, with a view to listing the business next year.
Scott McNealy, Sun Microsystems co-founder, shares his thoughts on the future of the PC and the "Internet of things."
How in the day and age of the cloud and back-up could this happen, asks Scott McNealy, Sun Microsystems co-founder, sharing his frustration with the IRS losing emails.
LONDON/ MADRID, June 24- Private equity firm KKR is to buy a one-third stake in the energy arm of Spain's Acciona for 417 million euros, the companies said on Tuesday, as they move to develop one of the world's largest renewable energy portfolios. The government measures have particularly hurt profit at Acciona's wind farms.
Franklin Lakes, New Jersey- based Western World offers auto and property insurance and, within Validus, it will operate as an independent business led by its current management team. Validus provides reinsurance and insurance services and operates through its three Bermuda- based units- Reinsurance Ltd, Talbot Holdings Ltd and AlphaCat Managers Ltd..
*After losing out on SFR, Bouygues finds Alstom solution. Martin Bouygues, the 62 year-old tycoon who runs the politically influential construction-to-television group founded by his father, has chalked up a win on the Alstom takeover saga only two months after losing a battle to buy larger mobile operator rival Vivendi's SFR.
June 23- Allergan Inc on Monday advised investors not to sell their shares to Valeant Pharmaceuticals International which launched a hostile takeover offer for the California- based Botox maker last week, saying it was "grossly inadequate."
Wisconsin Energy struck a $5.71 billion deal to buy Integrys Energy, creating a larger, more diverse electric and natural gas company.
*Siemens CEO earns praise for shrewd moves in Alstom battle. On Friday, the French government announced it had chosen U.S. conglomerate General Electric over Siemens and its bidding partner Mitsubishi Heavy Industries in the contest to acquire the energy assets of Alstom.
June 23- Wisconsin Energy Corp said it would buy Integrys Energy Group Inc for $5.71 billion to create a larger, more diverse Midwest electric and natural gas delivery company.
June 23- Harbinger Group Inc, the holding company for Spectrum Brands, said it had offered to buy retailer Central Garden& Pet Co for $10 per share, or acquire its pet business for $750 million. The $10 per share offer represents an 11.1 percent premium to Central Garden's Friday closing price.
June 23- Wisconsin Energy Corp said it would buy Integrys Energy Group Inc for $5.71 billion to create a larger, more diverse Midwest electric and natural gas delivery company. The combined company, which will be named WEC Energy Group Inc, will serve more than 4.3 million gas and electricity customers in Wisconsin, Illinois, Michigan and Minnesota.
June 23- Canadian engineering and construction company SNC-Lavalin Group Inc said on Monday that it would acquire British energy services provider Kentz Corp Ltd for about 1.164 billion pounds in cash to expand its offerings in the oil and gas sector.
In a country where owning a car has long been a symbol of luxury and success, around 85 percent of Chinese car buyers still buy cars with cash.
SHANGHAI/ HONG KONG, June 23- In a country where owning a car has long been a symbol of luxury and success, around 85 percent of Chinese car buyers still buy cars with cash. These young people are willing to buy big-ticket items like a car on credit- a behaviour unheard of some 15 years ago in China- and have led carmakers to boost their financing units in the mainland.
The failed Tokyo-based bitcoin exchange, Mt.Gox, received court approval on Tuesday to begin Chapter 15 bankruptcy proceedings in the United States.
Sitting atop LA's shaky sports scene, the Stanley Cup champs may never fetch a higher price for their corporate owners.
Chipmaker SanDisk said it would buy flash storage device maker Fusion-io for about $1.1 billion.