Comcast and Time Warner Cable have entered negotiations to sell cable assets worth up $20 billion to Charter Communications in a deal aimed to allay Washington's concerns about their proposed merger.» Read More
Global drinks firm Diageo on Tuesday announced the launch of a tender offer to acquire up to 26 percent more in India's United Spirits.
WH Group and some of its shareholders launched an up to $5.3 billion initial public offering in Hong Kong last week, the second-biggest ever listing by a food and beverage company. Yang Zhijun, an executive director in charge of investment, merger and acquisitions and financing for WH Group, was issued another 245.6 million ordinary shares.
April 14- Blackstone and Goldman Sachs' investment arm are set to buy Ipreo from KKR in a private equity secondary deal that values the data company at $975 million, the Financial Times reported, citing people familiar with the matter. Ipreo was formed by the merger of i-Deal and Hemscott in 2006, with the backing of Veronis, Merrill Lynch and Citigroup.
ATHENS, April 10- Swiss cement producer Holcim's plans to merge with French peer Lafarge and create the world's biggest cement maker will be subject to an extensive review, the European Union's antitrust chief said on Thursday.
Former Time Warner CEO Gerald Levin, gives his strong support for the merger between Comcast and Time Warner Cable. Right now we're in an explosion of programming. Let these companies have the opportunity to create new businesses, says Levin.
WASHINGTON, April 9- The U.S. Senate Judiciary Committee's chairman on Wednesday urged Comcast Corp to extend its commitment to Internet neutrality beyond 2018 as the cable company's executive reassured lawmakers the proposed merger with Time Warner Cable Inc would not hurt consumers.
*Beats nil-premium merger proposal from Australia's Myer. SYDNEY, April 9- South African retailer Woolworths Holdings Ltd is set to buy struggling Australian department store operater David Jones for $2 billion after trumping an offer from Myer Holdings Ltd, it was announced on Wednesday.
WASHINGTON, April 9- Executives from Comcast Corp and Time Warner Cable Inc are expected to defend their plan to merge as they go before the Senate Judiciary Committee on Wednesday, the first hearing since the $45.2- billion deal was announced in February.
South African retailer Woolworths Holdings is set to buy Australia's second-largest department store David Jones for $2 billion,.
*Beats nil-premium merger proposal from Australia's Myer. SYDNEY, April 9- South African retailer Woolworths Holdings Ltd is set to buy Australia's second-largest department store David Jones for $2 billion, trumping an offer from Australian rival Myer Holdings Ltd with a hefty premium.
WASHINGTON/ NEW YORK, April 8- Comcast Corp sought to rebut critics of its planned $45.2 billion takeover of Time Warner Cable Inc, arguing that newcomers like Google Inc and Apple Inc would ensure competition in both Internet and video markets.
WASHINGTON/ NEW YORK, April 8- Comcast Corp's merger with Time Warner Cable Inc would not deprive consumers of TV or broadband choices and would help the two companies compete against newcomers including Google Inc and Apple Inc in the video market, Comcast told U.S. regulators on Tuesday.
April 8- Qunar Cayman Islands Ltd, the operator of Baidu Inc's travel website, is in talks with Ctrip.com International Ltd for a merger or partnership, Bloomberg reported, citing two people familiar with the matter. Qunar, which is 55 percent owned by Baidu, operates the Qunar.com travel website, while CTrip owns the CTrip.com travel website.
MONTERREY/MEXICO CITY, April 8- The merger between Switzerland's Holcim and France's Lafarge presents Mexican cement firm Cemex with a golden opportunity to snap up divested assets, but a heavy debt load means it is unlikely to make any big buys soon.
SHANGHAI, April 8- Insurers in China, including Chinese-based foreign insurers, will be allowed to acquire and merge with each other for the first time, according to rules issued by the Chinese insurance regulator seen by Reuters on Tuesday.
*Holcim will hold 53 pct of merged entity. PARIS, April 7- Switzerland's Holcim unveiled an all-share deal to buy France's Lafarge on Monday to create the world's biggest cement maker with combined sales of 32 billion euros. Shares in Lafarge rose 4 percent at the open, the top gainer on France's blue-chip CAC 40 index, while shares in Holcim were up 5.4 percent.
*Holcim, Lafarge climb after confirming merger deal. PARIS, April 7- European stocks dropped in early trading on Monday, halting a three-week rally and tracking a sell-off on Wall Street on Friday where a number of high-growth companies mostly in the tech and biotech sectors tumbled.
Switzerland's Holcim unveiled an all-share deal to buy France's Lafarge on Monday to create the world's biggest cement maker with combined sales of 32 billion euros. Holcim shares were up 5.6 percent while Lafarge gained 3.8 percent.
Swiss-based Holcim and its French counterpart, Lafarge, said the new company would be named LafargeHolcim and be headquartered in Switzerland. The plan is for Holcim board member Wolfgang Reitzle to serve as chairman of the merged entity, while Lafarge's chairman and chief executive Bruno Lafont becomes its CEO.
PARIS, April 7- Cement makers Lafarge and Holcim said on Monday that two-thirds of the divestments needed for their merger to satisfy competition watchdogs would be in Europe and the rest outside of the continent.