MATTHEWS, N.C.— Family Dollar has told shareholders to reject an unsolicited, $9.1 billion takeover bid from its rival, Dollar General. Family Dollar is currently trying to arrange a sale to another bargain chain, Dollar Tree Inc..» Read More
NEW YORK— TRW Automotive is selling its engine valve business to Federal-Mogul Holdings Corp. for $385 million as the maker of airbags, steering wheels and emergency braking systems seeks to focus on its car safety products business. Federal-Mogul said the acquisition will help boost its powertrain business.
CNBC's David Faber and Jim Cramer discuss Microsoft's potential buy of Sweden's "Mojang," the maker of the "Minecraft" video game. Cramer says Xbox is not core to Microsoft and this is the beginning of a spin off.
LONDON, Sept 10- London Stock Exchange Group said on Wednesday that its shareholders have approved the company's planned $2.7 billion takeover of U.S. index compiler and asset management firm Frank Russell.
Sept 8- General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, said it would acquire organic food producer Annie's Inc for about $820 million to expand its presence in the fast-growing U.S. natural foods market. General Mills's offer of $46 per share in cash represents a premium of about 37.3 percent to Annie's Inc's Monday closing.
General Mills will acquire organic food producer Annie's for about $820M in cash as it works to boost its presence in the natural food space.
SAO PAULO, Sept 8- Banana producer Chiquita Brands International Inc has postponed a shareholder vote on a plan to merge with Fyffes Plc in order to engage in discussions with Safra Group and Grupo Cutrale regarding a $611 million unsolicited takeover bid.
Sept 8- Ryanair Holdings Plc, Europe's largest low-cost carrier, signed a deal on Monday to buy 100 Boeing Co 737 MAX jetliners for up to $11 billion, launching a new version of the single-aisle plane that will allow it to squeeze in more passengers.
SAO PAULO, Sept 8- Banana producer Chiquita Brands International Inc adjourned a shareholder vote on a plan to merge with Fyffes Plc in order to engage in discussions with Grupo Cutrale and Safra Group regarding a $611 million unsolicited takeover bid.
Sept 8- Banana producer Chiquita Brands International Inc said Fyffes Plc has granted it a waiver to engage in discussions with Cutrale and Safra Group regarding their $611 million takeover bid. Chiquita, which last month rejected the bid from the Brazilian companies, has been attempting to close a merger with Fyffes, announced in March.
GCA makes ATMs and cash-advance kiosks, while Austin, Texas- based Multimedia Games makes video slot machines. GCA, based in Las Vegas, is paying $36.50 for each share of Multimedia Games. That's a 31 percent premium from Multimedia Games' closing price of $27.78 on Friday.
STOCKHOLM— Sweden's Electrolux is buying the appliances business of General Electric for $3.3 billion, boosting its presence on the North American market, the companies said Monday. The acquisition is the largest ever for Stockholm- based Electrolux, ranked as the world's second biggest home appliance maker after U.S. rival Whirlpool.
Sept 5- Dish Network Corp's chairman, Charlie Ergen, recently contacted Deutsche Telekom AG to express interest in acquiring the German company's unit, T-Mobile US Inc, Bloomberg reported, citing people with knowledge of the matter.
Sept 5- Family Dollar Stores Inc rejected Dollar General Corp's sweetened takeover bid, saying the offer still did not address antitrust concerns, raising the prospect that the No. 1 U.S. deep discount chain will go "hostile" with its offer.
Sept 5- Family Dollar Stores Inc rejected Dollar General Corp's $9.1 billion sweetened takeover offer, saying the offer did not address antitrust concerns and was unlikely to be approved.
Sept 5- Family Dollar Stores Inc rejected Dollar General Corp's $9.1 billion sweetened takeover offer, saying it was not reasonably likely to be completed on the terms proposed.
*Deal could attract Middle Easterners to Africa. DUBAI/ LAGOS, Sept 4- Qatar National Bank on Thursday bought a 12.5 percent stake in Ecobank for about $200 million, its latest purchase in a drive to be the biggest bank in the Middle East and Africa by 2017..
DUBAI, Sept 4- Qatar National Bank, the Gulf's largest bank, said on Thursday it was acquiring a 12.5 percent stake in pan-African lender Ecobank Transnational Incorporated.
TORONTO, Sept 3- Manulife Financial Corp said on Wednesday it has agreed to acquire the Canadian operations of Standard Life Plc for about C $4 billion in cash, in a deal that significantly expands the insurer's presence in Quebec.
Sept 3- Oil logistics specialist Buckeye Partners LP said it will pay $860 million for control of Trafigura's prized oil facilities in the Texas shale hub, while expectations rise that Washington will relax its ban on crude oil exports.
BARCELONA, Sept 2- Though speculation is rife of a new Pfizer bid, AstraZeneca's chief executive is not holed up with advisers in London or New York. Strict British takeover rules limit what Soriot and other players can say about Pfizer's abortive attempt to buy AstraZeneca and the possibility of a resumption of talks.