LONDON— Britain's Aviva says it is in talks to buy another insurer, Friends Life for over 5.6 billion pounds in a deal that would create the country's leading insurance, savings and asset management company by number of customers. The companies issued a statement Friday announcing they had reached agreement on the financial terms of a transaction under which...» Read More
WASHINGTON, May 27- U.S. regulators should challenge the proposed $45 billion merger of the two largest American cable providers, Comcast Corp and Time Warner Cable Inc, the New York Times said in an editorial in Tuesday's newspaper.
*Hillshire Brands shares jump after Pilgrim's Pride bid. *Cisco shares up on Deutsche Bank upgrade, price target hike. NEW YORK, May 27- U.S. stocks rose on Tuesday with the S&P 500 hitting a fresh record high supported by merger activity and as expectations for rate cuts at the European Central Bank stoked bids for equities.
*Hillshire Brands shares jump after Pilgrim's Pride bid. *Cisco shares up on Deutsche Bank upgrade, price target hike. *Aeropostale jumps after it secures $150 mln credit facility.
*Hillshire Brands shares jump after Pilgrim's Pride bid. NEW YORK, May 27- U.S. stock index futures rose on Tuesday, ahead of a data-heavy session, as expectations for rates cuts by the European Central Bank stoked bids for equities even as the benchmark S&P 500 index closed at a record on Friday.
Pilgrim's Pride is offering to acquire meat producer Hillshire Brands in a deal worth about $5.52 billion.
EDINBURGH, May 27- European shares edged higher on Tuesday, supported by hopes for more mergers and acquisitions activity that helped UK shares outperform mainland Europe.
Emilia Falcetti, Analyst, Japan Healthcare Equity Research at Cantor Fitzgerald, discusses whether Asian pharmaceuticals will follow their global peers in "ditching the diversification model."
The "Squawk on the Street" crew weigh in on the potential merger between tobacco companies Reynolds American and Lorillard.
Activist investor William Ackman told Allergan's board that the CEO has a 'disabling' conflict of interest because a takeover means losing his job.
CNBC's Meg Tirrell reports both Pfizer and AstraZeneca CEOs are facing tough questions by the UK Parliament on the possible merger.
Valeant said it planned to "improve" its $47 billion takeover offer for drugmaker Allergan, a day after the U.S. company rejected the bid.
U.S. medical firm Allergan rejected the unsolicited takeover offer from Valeant Pharmaceuticals, saying it substantially undervalued the company.
Packaged food company Hillshire Brands said it would acquire Pinnacle Foods for about $6.6 billion, including debt, in a cash and stock deal.
Apple knows music and Beats knows putting music in peoples' ears - but beyond that, Wall Street can't see much point in putting the two together.
The $35 billion merger between Omnicom and Publicis has collapsed as challenges proved too immense for the partners.
Comcast's plan to merge with Time Warner Cable is expected to face criticism when U.S. lawmakers meet for a second time to discuss the deal.
Comcast is merging with Time Warner Cable and within a year the X1 cable service should be available to customers in L.A. as well as in New York.
Baoshan Iron and Steel (Baosteel) and Aurizon Holdings launched a A$1.14 billion ($1.06 billion) takeover bid for Aquila Resources.
Employees at Pfizer Inc's U.S. research centers may want to dust off their resumes if the company's proposed acquisition of Britain's AstraZeneca comes to fruition.
As rivals assessed what Pfizer's play for AstraZeneca could mean for the industry, one aspect touched nearly everyone: What it could mean for a U.S. tax loophole.