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Acquisitions

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  • BlackBerry buys minority stake in healthcare IT firm Tuesday, 15 Apr 2014 | 8:00 AM ET

    Waterloo, Ontario- based BlackBerry, a pioneer in the smartphone industry, has fallen on hard times as its market share has waned in recent years.

  • UPDATE 1-Google to buy drone-maker Titan Aerospace Monday, 14 Apr 2014 | 3:18 PM ET

    April 14- Google Inc has acquired solar-powered drone maker Titan Aerospace as the Web search giant ramps up plans to deliver wireless Internet access to remote parts of the world. The 20- person company will remain in New Mexico for the foreseeable future, Raburn said, with all employees joining Google.

  • April 14- TIAA-CREF, a retirement services provider to non-profit organizations such as universities and hospitals, said it would acquire asset manager Nuveen Investments for $6.25 billion, seeking to expand its mutual fund and municipal bond offerings. Lazard Ltd and J.P. Morgan Securities LLC advised TIAA-CREF.

  • April 14- Insurer Endurance Specialty Holdings Ltd said it offered to acquire Aspen Insurance Holdings Ltd for about $3.2 billion in cash and stock. Endurance's offer of $47.50 per share represents a premium of about 21 percent to Aspen's Friday close on the New York Stock Exchange.

  • April 14- Asset manager TIAA-CREF will buy rival Nuveen Investments for $6.25 billion including debt, the Wall Street Journal reported, quoting top executives from both companies. The transaction, set to be officially announced Monday, would create a firm with nearly $800 billion under management, the Journal reported.

  • *WH Group, shareholders seeking $5.3 bln in Hong Kong IPO. HONG KONG, April 14- Two senior executives of China's biggest pork producer WH Group Ltd received a combined $600 million payout for helping the Chinese company seal last year's record $4.9 billion takeover of U.S.-based Smithfield Foods Inc, an unusually high incentive for an acquisition.

  • April 14- A Chinese consortium bought the Las Bambas copper mine in Peru from Glencore Xstrata for $6 billion, the high end of analysts' forecasts in China's biggest acquisition of a mine, showing the strength of its long-term need for copper.

  • *Glencore says proceeds will materially de-leverage balance sheet. Glencore agreed to sell Las Bambas to secure approval from China's competition authorities for its takeover of miner Xstrata because Beijing feared the merged group would have too much power over the copper market.

  • CORRECTED-China's Alibaba to buy AutoNavi Friday, 11 Apr 2014 | 10:45 AM ET

    April 11- Chinese digital mapping and navigation firm AutoNavi Holdings Ltd agreed to be acquired by e-commerce firm Alibaba Group Holding Ltd in a deal valuing the company at about $1.5 billion. AutoNavi said the company's shareholders will receive $5.25 per ordinary share, or $21 per American Depositary Share.

  • China's Alibaba to buy AutoNavi for $1.5 bln Friday, 11 Apr 2014 | 10:28 AM ET

    April 11- Chinese digital mapping and navigation firm AutoNavi Holdings Ltd agreed to be acquired by e-commerce firm Alibaba Group Holding Ltd for $1.5 billion. AutoNavi said the company's shareholders will receive $5.25 per ordinary share, or $21 per American Depositary Share.

  • TORONTO/ VANCOUVER, April 10- Goldcorp Inc raised its hostile takeover offer for Osisko Mining Corp on Thursday, squeaking above a white knight bid by Yamana Gold Inc and heightening a bidding war that has helped inject life into a depressed gold mining sector.

  • *Battle for Deoleo turned political this week. MADRID, April 10- The board of Spain's Deoleo, the world's top olive oil bottler, agreed on Thursday to back a takeover bid from British private equity fund CVC Capital Partners.

  • TORONTO/ VANCOUVER, April 10- Goldcorp Inc raised its hostile takeover offer for Osisko Mining Corp on Thursday, squeaking above a white knight bid by Yamana Gold Inc and heightening a bidding war that has helped inject life into a depressed gold mining sector.

  • WASHINGTON, April 10- The European packaging company Ardagh Group S.A. won U.S. antitrust approval to buy Saint-Gobain Containers Inc after agreeing to sell six of its nine glass container manufacturing plants in the United States, the Federal Trade Commission said on Thursday.

  • Ardagh wins U.S. go-ahead to buy Saint Gobain unit Thursday, 10 Apr 2014 | 11:39 AM ET

    WASHINGTON, April 10- The European packaging company Ardagh Group S.A. won U.S. antitrust approval to buy Saint-Gobain Containers Inc after agreeing to sell six of its nine glass container manufacturing plants, the Federal Trade Commission said on Thursday.

  • TORONTO, April 10- Goldcorp Inc hiked its hostile takeover offer for smaller Canadian gold miner Osisko Mining Corp to about C $3.6 billion on Thursday as it sought to top a complex white knight bid from Yamana Gold Inc..

  • The deal announced by Ladbrokes on Wednesday follows a similar-sized acquisition last September when Ladbrokes- Britain's second-biggest bookmaker- bought online company Bookmaker.com. au and launched a website in Australia.

  • *Beats nil-premium merger proposal from Australia's Myer. SYDNEY, April 9- South African retailer Woolworths Holdings Ltd is set to buy Australia's second-largest department store David Jones for $2 billion, trumping an offer from Australian rival Myer Holdings Ltd with a hefty premium.

  • April 8- A six-year-old online news startup has agreed to buy the Anchorage Daily News, the largest daily newspaper in Alaska, from the McClatchy Co for $34 million, the two companies announced on Tuesday. Alice Rogoff, publisher of the online-only Alaska Dispatch, said the deal was meant to serve Alaskans, many of whom still read a print newspaper.

  • WASHINGTON/ NEW YORK, April 8- Comcast Corp sought to rebut critics of its planned $45.2 billion takeover of Time Warner Cable Inc, arguing that newcomers like Google Inc and Apple Inc would ensure competition in both Internet and video markets.