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Acquisitions

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  • The acquisition vehicle, dubbed Quinpario Acquisition Corp 2, has so far outbid private equity firms, including American Securities LLC, in the auction for Royal Adhesives, the people said on Friday. Arsenal Capital Partners, the buyout firm that owns Royal Adhesives, may still decide to sell the company to American Securities or another bidder, the people added.

  • Frontier buying $10.5B in assets from Verizon  Friday, 6 Feb 2015 | 9:49 AM ET

    Frontier Communications CEO Maggie Wilderotter, discusses details of Frontier's purchase of part of Verizon's business in three states.

  • Feb 6- Communications equipment maker Harris Corp said it would buy defense contractor Exelis Inc in a cash-and-stock deal valued at about $4.75 billion. The offer of $23.75 per share is a premium of about 34 percent to Exelis's Thursday close, and values the company at about $4.44 billion based on Exelis's shares outstanding as of Oct. 28. McLean, Virginia- based...

  • Feb 5- British drinks can maker Rexam Plc said it is in talks to be bought by U.S. rival Ball Corp for 4.3 billion pounds, a deal that would form an industry giant better equipped to withstand rising aluminium costs. Rexam said it had received a proposal from Broomfield, Colorado- based Ball valuing it at 610 pence per share. Rexam's London- traded shares closed...

  • Feb 5- British beverage can maker Rexam Plc said it was in talks to be potentially bought by U.S. rival Ball Corp in an offer that values the company at about 4.29 billion pounds. The offer from Ball Corp, which like Rexam controls 21 percent of the global market for beverage cans, values the British firm at 610 pence per share, two thirds of which would be paid in cash.

  • Feb 5- Beverage can maker Rexam Plc said it was in talks to be potentially bought by U.S. rival Ball Corp in an offer that values the company at about 4.29 billion pounds. The offer from Ball Corp, which like Rexam controls about 21 percent of the market for beverage cans, values Rexam at 610 pence per share, a 36 percent premium to the stock close on Wednesday.

  • Feb 5- Shares in Rexam Plc, the world's second-largest beverage can maker by revenue, rose as much as 12 percent after two UK newspapers reported there was market chatter about U.S. private equity firms' potential interest in the company. The Independent said on Thursday there were rumors that Rexam was a potential takeover target for U.S. private equity firms.

  • SEOUL/ HONG KONG, Feb 5- The chairman of Hyundai Motor Co and his son on Thursday offered to sell a $1 billion stake in logistics affiliate Hyundai Glovis, a month after a similar attempt failed because investors questioned its rationale. If the entire stake isn't sold, deal manager Citigroup will acquire the remainder, Hyundai Motor said in a statement.

  • *Staples' shares fall over 10 pct, Office Depot's rise 1.5 pct. Feb 4- Staples Inc, the No. 1 U.S. office supplies retailer, agreed to buy No. 2 Office Depot Inc in a $6.3 billion deal designed to help it better compete against Wal-Mart Stores Inc and online rivals such as Amazon.com Inc.. "The same factors that the FTC cited in the Office Depot/ OfficeMax deal are present here,"...

  • Feb 4- Staples Inc, the No. 1 U.S. office supplies retailer, agreed to buy No. 2 Office Depot Inc in a $6.3 billion deal designed to help it better compete against Wal-Mart Stores Inc and online rivals such as Amazon.com Inc.. The deal, which will likely come under close scrutiny from antitrust regulators, values Office Depot at $11.00 per share, based on Staples' closing...

  • Macy's to buy BlueMercury in $210 million deal  Wednesday, 4 Feb 2015 | 8:02 AM ET
    Marla Malcolm Beck, Bethesda native and founder of the successful apothecary beauty boutiques 'bluemercury'.

    Terry Lundgren, Macy's chairman & CEO, and Marla Beck, BlueMercury CEO, discuss details of Macy's acquisition of the beauty products retailer. This is a new avenue of growth for Macy's, says Lundgren.

  • Feb 4- Staples Inc, the No. 1 U.S. office supplier, agreed to buy nearest rival Office Depot Inc in a $6.3 billion cash-and-stock deal to better compete against online and big-box retailers. Staples said it would pay $7.25 per share in cash and 0.2188 of its shares for each Office Depot share. The offer, which is likely to face close antitrust scrutiny, values Office...

  • Feb 3- Diversified chemicals maker Tronox Ltd said it would acquire FMC Corp's Alkali Chemicals division for $1.64 billion to expand in faster-growing developing economies. Tronox said all of Alkali Chemicals' revenue is booked in the United States, enabling the company to utilize its U.S. tax attributes to offset Alkali Chemicals' pretax income.

  • Feb 3- J M Smucker Co, the maker of Folgers coffee, said it would buy pet food maker Big Heart Pet Brands, known for brands such as Meow Mix and Milk-Bone, for $3.2 billion to enter the pet food market. Big Heart, formerly Del Monte Corp, changed its name following the sale of its fruit, vegetable, and other consumer foods business in February last year.

  • Lenovo's big challenge ahead  Monday, 2 Feb 2015 | 10:46 PM ET

    After better-than-expected third-quarter revenue, Lenovo's decision to re-launch Motorola into China will be its biggest challenge ahead, says Jean-Louis Lafayeedney, Technology Analyst at SG-Ji.

  • Feb 2- Verizon Communications Inc is nearing wrapping up deals to sell more than $10 billion in assets, the Wall Street Journal reported, citing people familiar with the matter. Divesting assets could also help Verizon repurchase some shares it issued after it announced the Vodafone deal, he added. In 2013, Verizon announced its plans to acquire the 45 percent...

  • Feb 2- Food distributor Sysco Corp said it would sell 11 distribution centers run by takeover target US Foods Inc to Performance Food Group to satisfy antitrust concerns. Sysco's $3.5 billion offer for US Foods is awaiting approval from the Federal Trade Commission as the deal would combine the two largest U.S. food distributors. Sysco and US Foods are the only...

  • Feb 2- Mylan Inc said it would buy Indian drugmaker Famy Care Ltd's female health businesses for about $750 million in cash and $50 million in contingent payments to expand its line of women's health products. Monday's announcement marks Mylan's second deal with an Indian drugmaker after it bought Bangalore- based Strides Arcolab's injectable drugs unit for...

  • Feb 2- Food distributor Sysco Corp said it would sell 11 distribution centers run by takeover target US Foods Inc to Performance Food Group to satisfy antitrust concerns. The centers generated $4.6 billion in revenue in US Foods' most recent fiscal year, Sysco said on Monday. Sysco announced its agreement to buy US Foods for $3.5 billion in December 2013.

  • Wilmington, Del., Jan 30- Hedge funds lost a court bid to get extra cash for their shares of online family research site Ancestry.com Inc, in a ruling involving an increasingly popular hedge fund strategy. A Delaware judge ruled on Friday that a private equity firm paid a fair value of $32 per share in 2012 to acquire Ancestry.com and rejected hedge fund claims the...