CAIRO, Dec 24- Kellogg Co, the world's largest maker of breakfast cereals, raised its bid for Egyptian snack maker Bisco Misr on Wednesday, topping a rival offer from UAE's Abraaj in an intensifying $144 million takeover battle. Kellogg's latest bid, for 89.86 Egyptian pounds per share, came on the heels of an offer earlier in the day by Abraaj Asset Management for...» Read More
As many as 2 billion people drink tea every morning but are they as loyal as their coffee-loving counterparts? Starbucks CEO Howard Schultz intends to find out.
Paul Walsh, CEO of Diageo, discusses his company's agreement to acquire 53.4 percent of India's United Spirits. "India is a very attractive market, and we just got the number one player in that market," he says.
Barton Crockett, Director and Senior Media & Entertainment Analyst at Lazard Capital Markets explains why he sees continued margin expansion in Disney's theme parks business. He is positive on Disney's acquisition strategy.
As two big mergers were announced this week — Disney acquiring Lucasfilm for $4.05 billion, and PVH set to buy Warnaco in a $2.9 billion deal — one appeared to have a lot more room to run, the CNBC “Fast Money” pros said Wednesday.
Warren Buffett, Berkshire Hathaway CEO, says he feels some of the acquisition prices are getting out of control, but adds he is "salivating" to do another acquisition.
Mad Money host Jim Cramer shares his final thoughts of the day.
James Moorman, S&P Capital IQ analyst, discusses how the wireless landscape could change if Softbank acquires 75 percent of Sprint.
CNBC's David Faber reports the latest details on news that Japanese mobile carrier Softbank is in talks to acquire 75 percent of Sprint Nextel, in a deal that could top $12.8 billion.
CNBC's David Faber reports Japan's Softbank is in talks to acquire a majority stake in Sprint Nextel.
CNBC's David Faber has the latest details on a report Softbank is negotiating to buy 75 percent of Sprint Nextel.
Hedge fund heavy weights have been swapping investment ideas at the annual Value Investing Congress. Barry Rosenstein, Jana Partners founder, and CNBC's David Faber, discuss owning Agrium.
Energy-hungry China may not be done yet on the acquisition trail.
The memory of its failed 2005 bid for Unocal still fresh, China's state-controlled CNOOC Ltd. has put lessons learned into practice and "networked strongly" with regulators in Canada and the U.S., smoothing the way for its $15.1 billion all-cash deal to buy Canadian oil producer Nexen Inc.
CNBC's David Faber reports the latest details on GlaxoSmithKline's takeover bid for Human Genome Science.
CNBC's David Faber reports Dennis Woodside is taking over as CEO of Motorola Mobility as Google acquires the company.
CNBC's David Faber reports Eaton Corporation is buying Cooper Industries in a transaction valued at $11.8 billion.
Will Facebook's shares trade below its IPO price of $38? Darren Chervitz, Jacob Internet Fund research director, and Dick Grasso, former NYSE chairman & CEO, weigh in the future of the social networking company and discuss Yahoo's impending deal with Alibaba.
Liberty Media's John Malone is making an effort to take control of Sirius XM Radio, and the company's boss Mel Karmazin is trying to prevent it. CNBC's David Faber reports on the details.
Was Facebook's board all but left out of the picture in the company's acquisition of Instagram? Spencer Ante, WSJ deputy bureau chief, weighs in on the $1B deal.
Shares of Wells Fargo are down 2 percent today, despite a better than expected earnings report. Timothy Sloan, Wells Fargo CFO, discusses the state of the U.S. economy and the housing market.