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Mergers

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  • GM CEO dismisses talk of merger with Fiat Chrysler Thursday, 23 Apr 2015 | 11:11 AM ET

    DETROIT— General Motors CEO Mary Barra is dismissing any talk of a possible merger with Fiat Chrysler Automobiles. Barra tells analysts on a conference call that the company is focused on making its business more efficient and taking full advantage of its global size. Fiat Chrysler CEO Sergio Marchionne recently floated the idea of merging with GM or another...

  • *Yoox/ Net-a-Porter merger may be a game-changer. PARIS, April 23- The merger of the world's two biggest online fashion stores, Net-a-Porter and Yoox, sends a warning to luxury brands to embrace the Internet with more vim after years of resistance. Top brands such as Prada and LVMH's Christian Dior still baulk at the idea of selling clothing online as well as through...

  • BlaBlaCar co-founder talks growth plans   Thursday, 23 Apr 2015 | 5:10 AM ET
    BlaBlaCar co-founder on expansion plans

    Could BlaBlaCar be the next success story for Europe, as it makes more acquisitions and expansion plans? Nicolas Brusson, co-founder and COO of BlaBlaCar, talks about the company's recent developments.

  • Pace $2.1B takeover extends tax inversion deals Thursday, 23 Apr 2015 | 3:04 AM ET
    Pace DZX3000

    Pace, the world's largest maker of TV set-top boxes, has agreed a $2.1 bn takeover by Arris, a US networking equipment maker.

  • WASHINGTON, April 22- The U.S. Federal Communications Commission's staff has recommended that the agency designate Comcast Corp's proposed $45 billion acquisition of Time Warner Cable Inc for a hearing, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

  • Old media pushes bask against Verizon's custom TV Wednesday, 22 Apr 2015 | 4:08 PM ET
    Verizon

    A battle is brewing between Verizon and media companies who provide content to its FiOS TV service.

  • April 22- Generic drugmaker Teva Pharmaceutical Industries Ltd said it could "promptly" divest some operations to obtain regulatory clearance for its proposed $40 billion takeover of smaller rival Mylan NV. Mylan, which has said a merger with Teva would be bad fit, plans to make a new offer for Perrigo Co Plc in the near term, CNBC reported on Wednesday.

  • The sealed memorandum was one of many documents that Sysco has filed in its fight with the Federal Trade Commission's over whether it can merge with No. 2 US Foods. "In one instance, the FTC claims Sysco and US Foods would control 100 percent of the market in San Diego. The U.S. government filed a lawsuit in February seeking to block Sysco's $3.5 billion takeover of US...

  • April 22- Food distributor Sysco Corp said it had filed a memorandum opposing the U.S. Federal Trade Commission's efforts to block its proposed merger with smaller rival U.S. Foods Inc.. Sysco, the largest U.S. food distributor, unveiled its plan to buy US Foods, the second-largest, in December 2013. The U.S. government filed a lawsuit in February seeking to block...

  • April 22- Food distributor Sysco Corp said it had filed a memorandum opposing the U.S. Federal Trade Commission's efforts to block its proposed merger with smaller rival U.S. Foods Inc.. Sysco said it filed the memorandum on Tuesday in the U.S. Federal District Court for the District of Columbia, opposing the FTC's motion for preliminary injunction against the...

  • Coventry plant closes after gaming company merger Wednesday, 22 Apr 2015 | 7:00 AM ET

    Rhode Island- based GTECH and International Game Technology completed a $6.4- billion merger earlier this month. The Providence Journal reports workers were notified Tuesday that the Coventry plant would be closing by the end of the year. Information from: The Providence Journal, http://www.providencejournal.com.

  • WASHINGTON, April 21- U.S. Federal Communications Commission officials studying the proposed merger of Comcast Corp and Time Warner Cable Inc are scheduled to brief FCC commissioners' staff on their review on Wednesday, according to two sources familiar with the plan. Comcast's merger with Time Warner Cable would combine the nation's two largest cable...

  • BP CEO 5 years after spill: We're a different company

    BP CEO Bob Dudley discusses how BP has changed in five years since the Gulf oil spill, and consolidation in the energy industry. Dudley says no company has approached him about buying BP.

  • US STOCKS-Wall St mixed as earnings offset merger news Tuesday, 21 Apr 2015 | 11:58 AM ET

    Travelers, DuPont and IBM weighed the most on the Dow industrials. IBM also mentioned currency effects when it reported a fall in revenue late on Monday. Dupont was down 2.6 percent at $70.92 and IBM fell 1 percent to $164.41.

  • PARIS/ HELSINKI/ STOCKHOLM, April 21- Nokia's acquisition of smaller rival Alcatel-Lucent may avoid the pitfalls that befell earlier telecom network equipment marriages, thanks to a revolution over the past decade in how products are launched and developed. Nokia has promised 900 million euros of cost savings by 2019 from the Alcatel-Lucent acquisition,...

  • ZURICH, April 21- U.S. shareholder adviser ISS has recommended Holcim investors back the Swiss cement maker's proposed merger with France's Lafarge ahead of next month's shareholder vote on the $40 billion tie-up. Backing from ISS is a boost to Zurich- based Holcim as it seeks to win the support of two-thirds of investors at a shareholder meeting on May 8 in order...

  • Teva proposes Mylan acquisition   Tuesday, 21 Apr 2015 | 9:38 AM ET
    Teva proposes Mylan acquisition

    CNBC's Meg Tirrell reports on whether Teva's bid for Mylan makes sense.

  • ZURICH, April 21- U.S. shareholder adviser ISS has recommended Holcim investors back the Swiss cement maker's proposed merger with France's Lafarge ahead of next month's vote on the deal, a source familiar with the recommendation told Reuters on Tuesday. The recommendation comes before an extraordinary general meeting on May 8 where Holcim needs the backing...

  • April 20- Halliburton Co's decision to cut fewer jobs and keep its logistics network intact to capitalize on its pending merger with Baker Hughes Inc could give Schlumberger NV an edge at a time when cost cuts look like the best way forward. "I think in the very near term, Schlumberger is going to make more money than Halliburton because it's not carrying the extra...

  • Cable merger far from done   Monday, 20 Apr 2015 | 6:30 AM ET
    Cable merger far from done

    CNBC's Kate Rogers reports on the latest in the planned Comcast-Time Warner Cable merger.