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Acquisitions

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  • NEW YORK, June 20- U.S. health insurer Anthem Inc said on Saturday it had offered $47 billion in cash and stock for smaller rival Cigna Corp but that the deal was stalled over Cigna CEO David Cordani's role in the merged company. Insurers Aetna Inc and Cigna are participating in an auction to acquire another rival, Humana Inc, according to a person familiar with the...

  • NEW YORK, June 19- Shares of mall operator Macerich Co fell as much as 7.3 percent on Friday on reports rival Simon Property Group Inc was selling a 3.6 percent stake, months after its failed takeover bid. The shares had been offered in a range of $80.50 to $81 a share, lower than Macerich's close of $82.45 a share on Thursday, sources said. Simon in March offered $95.50 a...

  • June 18- Activist hedge fund Jana Partners LLC took a stake in ConAgra Foods Inc and said it was prepared to nominate directors to the company's board to help address "persistent underperformance" since the acquisition of RalCorp in 2013.. Jana Partners, whose 7.2 percent stake makes it the second-largest shareholder in the Slim Jim Beef Jerky maker, said the...

  • June 18- PBF Energy Inc agreed to pay $322 million to acquire the 189,000- barrel-per-day Chalmette oil refinery in Louisiana and related assets from Exxon Mobil Corp and Venezuela's national oil company, Petroleos de Venezuela SA. The purchase marks PBF's entrance into the U.S. Gulf Coast, where it had lost out on a bid in 2011 for Texas City Refinery, then owned...

  • LONDON, June 18- Asset management company Baillie Gifford, oil producer Dragon Oil's largest independent investor, said an increased takeover offer from majority owner Emirates National Oil Co "materially undervalued" the company. ENOC, which owns 54 percent of Dragon Oil, increased its bid to buy out minority shareholders to 750 pence per share on Tuesday,...

  • Heinz Co said on Thursday that Warren Buffett's Berkshire Hathaway Inc has become its majority shareholder by exercising a warrant ahead of the ketchup maker's planned merger with Kraft Foods Group Inc. In a regulatory filing, Heinz said Berkshire exercised a warrant to acquire about 46.2 million shares for nearly $462,000 this week. Heinz owners would get a...

  • NY-listed Chinese firm Qihoo gets go-private bid Wednesday, 17 Jun 2015 | 8:10 PM ET
    Zhou Hongyi, Chairman and CEO of Qihoo 360.

    Qihoo 360 said it received a buyout offer, adding to a long list of Chinese tech firms that have gotten offers to drop their New York listings.

  • June 17- Jimmy Lee, one of JPMorgan Chase& Co's most senior investment bankers, died on Wednesday, the bank's chief executive said in a statement. "We're in total shock," said one senior JPMorgan banker. He advised on the merger of United Airlines and Continental Airlines to form United Continental Holdings Inc, the takeover of Wall Street Journal publisher Dow Jones...

  • June 17- Hill-Rom Holdings Inc, a maker of hospital equipment, wound-care and surgical products, said it would buy privately held Welch Allyn for about $2.05 billion to expand into the point-of-care diagnostics market. Welch Allyn shareholders will receive $1.625 billion in cash and about 8.1 million newly-issued shares of Hill-Rom common stock.

  • Hill-Rom to acquire Welch Allyn for about $2.05 bln Wednesday, 17 Jun 2015 | 7:13 AM ET

    June 17- Hill-Rom Holdings Inc said it would acquire privately held Welch Allyn for about $2.05 billion to develop healthcare technologies for patients and caregivers. Welch Allyn shareholders will receive $1.625 billion in cash and about 8.1 million newly-issued shares of Hill-Rom common stock. At the closing of the deal, expected in September, Welch...

  • *Deal values Anite at about 388 mln stg. June 17- Keysight Technologies Inc, a maker of electronic measurement instruments, said it would buy Britain's Anite Plc in a cash deal valued at about 388 million pounds. Keysight's offer of 126 pence per share represents a 22.3 percent premium to Anite's closing price on Tuesday.

  • June 17- Keysight Technologies Inc, a maker of electronic measurement instruments, will buy Britain's Anite Plc in a cash deal valued at about 388 million pounds. The acquisition of Anite, which tests handsets and telecom networks, will help Keysight expand its portfolio into software design and validation, Keysight Chief Executive Ron Nersesian said in a...

  • June 16- Mylan NV's largest stakeholder, Abbott Laboratories, said it would back Mylan's proposed acquisition of Perrigo Co Plc, potentially helping Mylan fend of interest from Teva Pharmaceutical Industries Ltd. Abbott, which has a 14.5 percent stake in Mylan, said on Tuesday that it supported Mylan's "standalone strategy" and believed acquiring Perrigo...

  • June 15- Health insurer Cigna Corp has rebuffed a takeover offer from larger rival Anthem Inc that valued the company at about $45 billion, the Wall Street Journal reported. Cigna shares jumped 18 percent to a record high of $162.16 on Monday, while Anthem's stock was up 2 percent at $163.98 on the New York Stock Exchange. At $175 per share, Cigna would be valued at...

  • *Hudson's Bay pledges to keep all Kaufhof staff. DUESSELDORF, Germany, June 15- Hudson's Bay Co is buying Germany's leading department store chain, Kaufhof, from Metro for 2.8 billion euros, giving the Saks owner a launch pad to expand into Europe. Hudson's Bay, whose shares rose as much as 13.4 percent, said it would sell at least 40 of Kaufhof's owned or partially...

  • June 15- Drugstore operator CVS Health Corp said it will acquire Target Corp's U.S. pharmacy and clinics businesses in a $1.9 billion deal that will help it bargain with drug makers for lower prices. "The addition of the Target pharmacy adds significant purchasing clout for pharmaceuticals," FBR Capital markets analyst Steven Halper wrote in a note.

  • June 15- Drugstore operator CVS Health Corp said it will acquire Target Corp's U.S. pharmacy and clinics businesses for about $1.9 billion to boost sales and prescription volumes. CVS's shares were up 0.4 percent at $102.65 in premarket trading on Monday, while Target's were flat at $79.50. Barclays is CVS's financial adviser, while Target's is Goldman Sachs.

  • LONDON, June 15- Dragon Oil Plc said it agreed to an increased takeover offer by Emirates National Oil Co after the Dubai- based group increased its offer to buy out the company's minority shareholders. Shares in Dragon Oil rose as much as 9.6 percent to 734 pence on the London Stock Exchange on Monday morning. Dragon Oil, which produces oil from the Cheleken field in...

  • *Hudson's Bay pledges to keep all Kaufhof staff. DUESSELDORF, Germany, June 15- Canadian retailer Hudson's Bay is buying German department store chain Kaufhof from Metro for 2.8 billion euros as a launch pad to expand into Europe. Hudson's Bay, which operates department stores in Canada and U.S. luxury chains Saks Fifth Avenue and Lord& Taylor, said the deal, due to...

  • LONDON, June 11- The European Commission said on Thursday it had approved the acquisition of Archer Daniels Midland Co's cocoa business by Olam International Ltd.. The $1.3 billion deal, Olam's biggest ever, will catapult the Singapore- based commodities firm into the top tier of global suppliers to the growing chocolate business. Olam will acquire one of the...