GO
Loading...

Mergers

More

  • Williams, Access Midstream Partners amend deal terms Monday, 27 Oct 2014 | 12:00 AM ET

    Under the revised terms, Williams Partners will merge with a subsidiary of Access Midstream in a unit-for-unit exchange at a ratio of 0.86672 common units of Access Midstream for every Williams common unit. Williams first proposed the merger in June, with Access Midstream acquiring William Partners at an exchange ratio of 0.85 plus an additional $0.81 per...

  • *Monte Paschi hires UBS, Citi to review options, including merger. MILAN/ ROME, Oct 26-- Italy's Monte dei Paschi di Siena faces a 2.1 billion euro funding shortfall that could force it to seek a merger, after a European banking review revealed serious weak points in the Italian financial system. The historic Tuscan lender, which was founded in 1472 and carried out a 5-...

  • Oct 24- Banana producer Chiquita Brands International Inc said it would start takeover talks with Brazil's Grupo Cutrale and Safra Group after its shareholders voted against a proposed merger with Irish rival Fyffes Plc. Fyffes' shares fell 5 percent to 94 euro cents in Dublin after the collapse of the deal, which would have created a company domiciled in...

  • Chiquita holders reject plans to merge with Fyffes Friday, 24 Oct 2014 | 9:40 AM ET

    CHARLOTTE, N.C.— Chiquita shareholders have rejected plans to merge with Irish fruit importer Fyffes that would have made the world's largest banana supplier. Chiquita and Fyffes PLC have given notice to terminate their agreement. The proposed agreement with Fyffes was an all-stock deal, with the companies planning to incorporate in Dublin to take advantage...

  • Brazilian companies raise Chiquita offer to $681M Thursday, 23 Oct 2014 | 10:19 AM ET

    NEW YORK— Brazilian companies Cutrale and Safra said they are again raising their bid for banana producer Chiquita, to $681 million— a day before Chiquita shareholders are expected to vote on a combination with Irish fruit importer Fyffes. It has repeatedly rejected offers from investment firm Safra Group and juice company Cutrale Group, preferring to merge...

  • Oct 22- Abbott Laboratories and Mylan Inc said on Wednesday they would go ahead with their $5.3 billion deal in which Mylan will buy part of Abbott's overseas generics business and set up headquarters in the Netherlands, but they tweaked the terms of the transaction. Treasury on Sept. 22 made changes to the corporate tax rules that govern such "inversion" merger...

  • TORONTO, Oct 21- Canadian Pacific Railway Ltd is still open to a merger with one of the two bigger eastern U.S. carriers even after talks with CSX Corp failed, though a hostile bid is unlikely, Chief Executive Hunter Harrison said on Thursday. Norfolk Southern Corp is the other of the two bigger U.S. railways based east of Chicago. Without mentioning Norfolk Southern...

  • SAO PAULO, Oct 21- Shareholders of Chiquita Brands International Inc. should consider alternatives to a proposed merger with Irish produce firm Fyffes Plc, proxy advisory firm Glass Lewis said on Tuesday. Shareholders are set to vote on Fyffes' revamped all-stock offer of $11.80 per Chiquita share at a special meeting on Oct. 24. "We expect shareholders may...

  • UPDATE 1-U.S. ad spending boosts Omnicom third quarter Tuesday, 21 Oct 2014 | 8:29 AM ET

    Oct 21- Omnicom Group Inc, the No. 1 U.S. advertising company, reported quarterly revenue and profit above analysts' expectations, boosted by higher ad spending in the United States. Omnicom, whose merger with France's Publicis Groupe SA was aborted in May, said revenue rose 7.4 percent to $3.75 billion in the third quarter while ad revenue rose 12.5 percent.

  • AbbVie to pay Shire $1.64B fee over nixed merger Monday, 20 Oct 2014 | 5:49 PM ET

    NORTH CHICAGO, Ill.— AbbVie is walking away from its proposed $55 billion takeover bid of Shire and has agreed to pay the rival drugmaker a $1.64 billion breakup fee. The two companies said Monday that they deal was off following the decision last week by AbbVie's board to withdraw support from the proposed acquisition. North Chicago- based AbbVie had envisioned...

  • Oct 20- Allergan Inc shareholder Paulson& Co is urging the Botox maker to merge with specialty pharmaceutical company Shire Plc as an alternative to a deal with hostile bidder Valeant Pharmaceuticals International Inc, according to two people familiar with the matter. The hedge fund, which earlier supported a deal with Valeant, told Allergan CEO David Pyott...

  • Lorillard CEO to get $44M after Reynolds merger Monday, 20 Oct 2014 | 12:21 PM ET

    RICHMOND, Va.— The CEO of Newport cigarette maker Lorillard Inc. is set to receive more than $44 million following the planned $25 billion merger with Reynolds American Inc., regulatory filings show. Murray Kessler is one of several Lorillard executives to receive compensation if they're terminated after the deal closes, according to a filing with the...

  • Oct 20- Allergan Inc shareholder Paulson& Co is urging the Botox maker to merge with specialty pharmaceutical company Shire Plc as an alternative to a deal with hostile bidder Valeant Pharmaceuticals, according to two people familiar with the matter. The hedge fund told Allergan CEO David Pyott that it would support a deal with Shire, the sources said.

  • ISS reverses position; backs Fyffes-Chiquita deal Monday, 20 Oct 2014 | 11:51 AM ET

    A proxy advisory firm has reversed its position and is now urging Chiquita shareholders to vote in favor of a proposed merger with Irish fruit company Fyffes. The company agreed in March to merge with Irish fruit company Fyffes in an all-stock deal that would create the largest banana company in the world. Under the amended agreement, Fyffes shareholders will...

  • Oct 20- Canadian Pacific Railway Ltd said on Monday that it had ended talks to buy CSX Corp and that the two companies planned no further discussions, sending shares of the No. 3 U.S. railroad operator down more than 3 percent. Neither side had confirmed the talks, initially reported by the Wall Street Journal a week ago. However, analysts had said service problems...

  • Canadian Pacific ends CSX deal talks Monday, 20 Oct 2014 | 7:48 AM ET

    Canadian Pacific Railway has ended talks with U.S. counterpart CSX about a possible combination and plans no more discussions. Several reports had surfaced recently that CSX Corp. had rejected a merger offer from Canadian Pacific Railway Ltd. Both railroads declined to comment on the deal talk, but CSX CEO Michael Ward did say last week that the Surface...

  • Goldman's $100M spreadsheet error Friday, 17 Oct 2014 | 6:40 PM ET
    Traders work at the Goldman Sachs booth on the floor of the New York Stock Exchange.

    A spreadsheet mix-up led Goldman to misrepresent the number of outstanding shares in Tibco Software, the NYT reports.

  • Yara, CF Industries abandon merger talks Friday, 17 Oct 2014 | 4:31 AM ET

    STOCKHOLM— Norway's Yara International and Deerfield, Illinois- based CF Industries have abandoned merger talks that would have created a massive player in the fertilizer industry. Torger Kvidal, the CEO of Yara International ASA, said Friday that despite significant synergies, "in the end it became clear that we would not be able to agree on terms that would be...

  • CHICAGO, Oct 16- The head of a U.S. Senate subcommittee raised concerns in a letter on Thursday to the U.S. Attorney General and head of the top U.S. rail regulator about a potential merger between Canadian Pacific Railway Ltd and CSX Corp, and called on them both to fully review the antitrust implications of any such deal. "Given recent concerns about shipping delays...

  • *Shire shares tumble as AbbVie reconsiders bid. Aside from concerns about the global economy, Chicago- based AbbVie said it was reconsidering its $55 billion takeover of the company weeks after the U.S. government moved to curb deals designed to reduce tax, throwing the vitality of merger and acquisition activity into doubt. U.S.-listed shares of Shire tumbled...