Acquisitions
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HOUSTON-- Hi-Crush Partners will spend about $125 million to acquire D&I Silica in a cash-and-stock deal that will broaden its operations in Midwest. "We are now well-positioned to deliver our high-quality sand where, when and how our customers want it, and at the best price," Hi-Crush co-CEO Bob Rasmus said.
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The tech giant hopes its redesigned look will impress users and investors, reports CNBC's Jon Fortt.
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Feike Sijbesma, CEO of DSM, talks about the need for companies to "reinvent" themselves and DSM's acquisition strategy.
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NEW YORK, May 13- The $23 billion sale of ketchup maker H.J.Heinz Co to Berkshire Hathaway Inc and buyout firm 3 G Capital, Avis Budget Group's takeover of Zipcar, and the $6.9 billion leveraged buyout of BMC Software, have one common link: Kirkland& Ellis LLP.
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NEW YORK-- Perion Network Ltd., which offers instant messaging, photo sharing and other online services, said Monday that its net income grew more than sevenfold in the first quarter, bolstered by an acquisition. The Israeli company earned $2.9 million, or 22 cents per share, for the period ended March 31. A year earlier Perion earned $370,000, or 4 cents per share.
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MUNCIE, Ind.-- First Merchants Corp. will buy CFS Bancorp Inc. for $114.7 million in an all-stock. Shareholders in CFS, based in Munster, Ind., will receive 0.65 shares of First Merchants common stock for each of their CFS shares.
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DUBLIN, May 13- Irish drugmaker Elan Corporation has agreed a $1 billion royalties deal that could soothe concerns about its potentially risky acquisition strategy and fend off a takeover bid from Royalty Pharma.
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Elan stepped up its bid to keep its independence on Monday by agreeing a $1 billion deal to buy 21 percent of the royalties that U.S. company Theravance receives from GlaxoSmithKline.
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*Elan to acquire newly approved Breo as part of $1 bln deal. DUBLIN, May 13- Elan stepped up its bid to keep its independence on Monday by agreeing a $1 billion deal to buy 21 percent of the royalties that U.S. company Theravance receives from GlaxoSmithKline for its respiratory drugs.
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*ISS says Sprint offer is Clearwire's best option. May 10- The biggest U.S. proxy advisory firms were divided on Sprint Nextel Corp's proposed acquisition of Clearwire Corp, with ISS advising Clearwire shareholders to vote for the deal and Glass Lewis urging them to vote against it.
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May 10- Clearwire Corp shareholders should vote in favor of a proposed acquisition by Sprint Nextel Corp, given a lack of better options to keep the company afloat, influential proxy advisory firm ISS said on Friday. Sprint, which already owns 52 percent of Clearwire's shares, has proposed paying $2.97 per share for the rest.
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*Chairman threatens to sell company if Sprint bid fails. May 9- Acquiring Sprint Nextel is so important to Dish Network Corp founder and Chairman Charlie Ergen that he said on Thursday he may have to put the satellite TV company up for sale unless it prevails in its bidding war for Sprint with Japan's SoftBank Corp..
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May 9- Freeport-McMoRan Copper& Gold Inc said on Thursday it does not plan to raise its offer for Plains Exploration& Production Co, calling the terms of the friendly deal "best and final." CR Intrinsic, a unit of high-profile hedge fund SAC Capital Advisors, has said it plans to vote its 3.8 percent stake against the acquisition.
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May 9- Shares in Barnes& Noble Inc rose 32 percent in premarket trading on Thursday after a report that its partner Microsoft Corp is considering an offer to acquire all of Nook Media's digital assets.
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ALGIERS, May 9- The Algerian government will seek a new valuation for Vimpelcom's local mobile phone unit Djezzy before acquiring 51 percent of it, a government source told Reuters. Russia's Vimpelcom acquired Djezzy as part of a $6 billion deal to buy the assets of Egyptian firm Orascom Telecom.
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James Woolery, Cadwalader Wickersham & Taft, discusses the impact of investor activism on public companies.
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James Woolery, Cadwalader Wickersham & Taft, provides an insider's look at the some of the biggest mergers and acquisitions on Wall Street.
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*Petronas makes first ever acquisition in Brazil. *OGX blocks are 95 km offshore Rio de Janeiro state. KUALA LUMPUR/ RIO DE JANEIRO, May 8- Malaysian state oil firm Petroliam Nasional Bhd agreed on Wednesday to pay $850 million for a 40 percent stake in a Brazilian offshore oil field controlled by Brazil's OGX Petroleo e Gas SA.
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HONG KONG, May 8- Dairy products maker China Mengniu Dairy Co Ltd said on Wednesday it planned to buy 26.92 percent of China Modern Dairy Holdings Ltd for HK $3.18 billion to secure a stable, long-term premium milk supply.
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May 7- U.S. power company FirstEnergy Corp said on Tuesday it hired an adviser and started implementing its plan to sell up to 1,240 megawatts of unregulated non-core hydro generation assets.