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Mergers

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  • Reynolds, Lorillard set meetings to vote on merger Friday, 12 Dec 2014 | 6:24 PM ET

    WINSTON-SALEM, N.C.— Cigarette makers Reynolds American Inc. and Lorillard Inc. have scheduled special shareholder meetings to vote on their planned $25 billion merger. Reynolds announced the deal in July to combine the two companies, creating a formidable No. 2 to Richmond, Virginia- based rival Altria Group Inc., owner of Philip Morris USA.

  • Dec 11- Activist investor Starboard Value wants to merge office-supply chains Staples Inc and Office Depot Inc, CNBC reported, citing people familiar with the matter. Starboard, known for its aggressive shareholder activism, disclosed a 5.1 percent stake in Staples and boosted its holdings in Office Depot to nearly 10 percent, regulatory filings showed on...

  • LAUNCESTON, Australia, Dec 11- If you were looking for a sign that coal prices have finally bottomed out, then the ramping up of merger and acquisition activity is often a good indicator. In the past few days, a flurry of announcements have hit the headlines, including Anglo American's proposed sale of coal assets in Australia and South Africa, and Peabody Energy and...

  • Dec 10- Walgreen Co said Chief Executive Greg Wasson would retire and hand the reins on an interim basis to the head of Alliance Boots Holdings Ltd, a move that follows a series of events that has tested investor confidence in the U.S. drugstore chain. Walgreen said Wasson would step down shortly after it completes the purchase of the 55 percent it does not already...

  • Renasant of Miss. buying Ga. bank in $258M deal Wednesday, 10 Dec 2014 | 6:45 PM ET

    JACKSON, Miss.— Mississippi- based regional bank Renasant Corp. said Wednesday that it will acquire Georgia- based Heritage Financial Group, the parent of HeritageBank of the South for $258 million in stock. The merger will move Renasant, based in Tupelo, into southern Georgia and northern Florida for the first time and slightly bolster the bank's position in the...

  • Dec 10- U.S. drugstore chain operator Walgreen Co said Chief Executive Greg Wasson would retire after the completion of the company's pending merger with Alliance Boots Holdings Ltd.. Walgreen shares were up 2.3 percent in extended trading. Stefano Pessina, executive chairman of Alliance Boots, would serve as acting CEO, Walgreen said.

  • Walgreen CEO to retire after Alliance Boots' merger Wednesday, 10 Dec 2014 | 5:06 PM ET

    Dec 10- U.S. drugstore chain operator Walgreen Co said Chief Executive Greg Wasson would retire after the completion of its pending merger with Alliance Boots Holdings Ltd.. Walgreen shares were up 2.1 percent in extended trading. Stefano Pessina, executive chairman of Alliance Boots, would serve as acting CEO, Walgreen said.

  • Walgreen CEO Wasson will retire after Boots deal Wednesday, 10 Dec 2014 | 4:39 PM ET

    NEW YORK— Walgreen President and CEO Greg Wasson will retire after the drugstore chain completes its merger with Alliance Boots, which runs the largest drugstore chain in the United Kingdom. Wasson, who started his career at Walgreen, has overseen big changes to Walgreen Co.' s business since he became CEO in February 2009. Early in his tenure Walgreen acquired...

  • Merger momentum to continue in 2015, EY says Monday, 8 Dec 2014 | 3:15 PM ET

    NEW YORK— A banner year for mergers and acquisitions will be followed by more deals next year as executives grow more confident in the strength of the U.S. economy, according to the consultancy firm EY. On Monday, drugmaker Merck announced that it was spending $8.4 billion to buy Cubist Pharmaceuticals in another sign of the recovering confidence in the market...

  • Sika execs against Saint-Gobain bid; Shares tank Monday, 8 Dec 2014 | 11:07 AM ET
  • Hanwha Holdings to merge 2 solar units Monday, 8 Dec 2014 | 7:13 AM ET

    The company said that its unit, Hanwha SolarOne Co Ltd, will buy another unit, Q Cells Investment Co Ltd, in an all-stock transaction valued at about $1.2 billion.

  • Dollar General trims sales guidance Thursday, 4 Dec 2014 | 12:43 PM ET
    A customer walks into a Dollar General store near Montpelier, Vermont.

    Dollar General reined in its full-year sales forecast and said it remained committed to buying Family Dollar Stores.

  • Dec 4- Dollar General Corp reined in its full-year sales forecast on Thursday and said it remained committed to buying Family Dollar Stores Inc, which would solidify its place as the No. 1 U.S. discount retailer. Dollar General will lose its top position if it fails to upend a merger agreement between Family Dollar and Dollar Tree Inc.. Dollar General took its $80-...

  • Dec 4- Dollar General Corp reined in its full-year sales forecast and said it remained committed to buying Family Dollar Stores Inc, a deal that would allow it to keep its position as the No. 1 U.S. discount retailer. Dollar General will lose its top position if it fails to upend a merger agreement between Family Dollar and Dollar Tree Inc.. Dollar General took its $80...

  • Dollar General acquisition would be a 'big deal'  Thursday, 4 Dec 2014 | 5:40 AM ET

    The potential Dollar General purchase of Family Dollar would be a "big deal" in the retail space, especially for investors, says Patrick McKeever, managing director and senior equity analyst at MKM Partners.

  • *CNNC and CGN pooling resources to compete globally. Plans have already been submitted to the State-Owned Assets Supervision and Administration Commission to merge the China National Nuclear Corporation with the China General Nuclear Power Corporation, said Xu Lianyi, a former government official and industry consultant. "The merger between CGN and CNNC...

  • Plans have already been submitted to the State-Owned Assets Supervision and Administration Commission to merge the China National Nuclear Corporation with the China General Nuclear Power Corporation, said Xu Lianyi, a former government official and industry consultant. "The merger between CGN and CNNC is inevitable," said Xu, speaking on the sidelines of an...

  • European shares gain on ECB stimulus bets; Greece leads Wednesday, 3 Dec 2014 | 9:57 AM ET

    *Greece, Spain, Italy lead rally ahead of ECB meeting. *Telenor, TeliaSonera rally after deal to merge units. LONDON, Dec 3- European stocks rose on Wednesday, led by shares in Greece, Italy and Spain, as investors bet the European Central Bank would signal further economic stimulus at a policy meeting on Thursday.

  • Dealmaking is only in the 5th inning: Schwarzman Wednesday, 3 Dec 2014 | 8:29 AM ET
    Steve Schwarzman, co-founder, chairman and chief executive officer of Blackstone Group LP.

    Blackstone Group's Steve Schwarzman also tells CNBC: "I don't think the Fed will throw us into a next recession."

  • *Telenor, TeliaSonera rally after unit merger deal. PARIS, Dec 3- European stocks rose in early trading on Wednesday, with Nordic telecom operators Telenor and TeliaSonera rallying after agreeing to merge their Danish operations. Shares in Germany's sportswear firm Adidas AG and food retailer Metro featured among the top losers, hurt by worries over the two...