GO
Loading...

Mergers

More

  • 3 Malaysian banks announce proposed merger Thursday, 9 Oct 2014 | 8:01 AM ET

    CIMB Group Holdings Berhad, RHB Capital Berhad and Malaysia Building Society Berhad said they have submitted the proposed merger to the country's central bank. CIMB, the country's No. 2 lender, and its smaller rival RHB, ranked fourth, will merge via a share swap, the banks said in a joint statement. Analysts said it will be the fourth largest in the region after three...

  • Oct 8- If Actavis Plc proceeds with a purchase of Botox maker Allergan Inc for potentially more than $60 billion, it will represent the biggest bet yet by one of the traditional generic drugmakers on the upside of expanding branded medicine holdings. Reuters reported on Tuesday that Actavis plans to approach Allergan about a potential merger, providing an...

  • Oct 8- Activist investor Elliott Management Corp is urging data storage products maker EMC Corp to spin off its VMWare Inc virtualization software unit or pursue other merger opportunities in its first public letter to the company. EMC's structure of combining several businesses obscures enormous value, Elliott Management said in a 13- page letter that it...

  • Investors couldn't overlook HP's 'dead' side Tuesday, 7 Oct 2014 | 4:21 PM ET
    HP logos sit on boxes of printer cartridges, produced by Hewlett-Packard Co.

    Hewlett-Packard had no choice but to split—investors just couldn't look past the dead part of the company, says Michael Yoshikami.

  • NEW YORK, Oct 7- Actavis Plc plans to make a new approach for Allergan Inc about a potential merger, as the Botox maker warms up to the possibility of a sale, said people familiar with the matter. Actavis, which held informal conversations with Allergan in recent months about a possible combination, would like to take a hard look at buying the company and could reach...

  • *Rio jumps after rejects merger approach by Glencore. LONDON, Oct 7- A key European equity index dropped to a 1 1/ 2- month low on Tuesday as the International Monetary Fund cut its growth estimates for the euro zone's three largest economies and German industrial output data disappointed. Market bets on a European economic recovery faded as the IMF downgraded its...

  • *Rio jumps after rejects merger approach by Glencore. LONDON, Oct 7- European shares dropped to a 1 1/ 2- month low on Tuesday as the International Monetary Fund cut its growth estimates for the euro zone's three largest economies and German industrial output data came in lower than expected. Market bets on a European economic recovery faded as the IMF downgraded...

  • MILAN, Oct 7- Italian carmaker Fiat said on Tuesday its merger into holding group Fiat Chrysler Automobiles would be effective as of Oct. 12 after all conditions for the tie-up were met. Shares in FCA will start trading on the New York Stock Exchange on Oct. 13, Fiat said in a statement. The stock will also begin trading on the Milan bourse on the same day, subject to the...

  • *Glencore approached Rio Tinto about a merger in July. *Rio says no talks with Glencore after rejecting bid. MELBOURNE/ LONDON, Oct 7- Rio Tinto has rejected a takeover approach from smaller rival Glencore Plc, snubbing a blockbuster deal that would have created a $160 billion mining and commodities trading giant.

  • *Glencore approached Rio Tinto about a merger in July. *No further talks with Glencore after rejecting bid-Rio. MELBOURNE, Oct 7- Rio Tinto rejected a merger approach from smaller rival Glencore Plc to create a $160 billion mining and trading giant in August just as the price of its most profitable product, iron ore, slid toward a five-year low.

  • Glencore's Rio Tinto bid a 'smart move': Pro     Tuesday, 7 Oct 2014 | 3:00 AM ET

    Jessica Ground, U.K. equities fund manager at Schroders, says Glencore's merger bid for Rio Tinto was a "smart move" as it would give it access to the iron ore market.

  • Rio Tinto rejected Glencore merger bid     Tuesday, 7 Oct 2014 | 1:05 AM ET

    Rio Tinto rejected a merger approach from rival Glencore in August, the miner said on Tuesday. CNBC's anchors discuss what it means for the sector.

  • *Glencore approached Rio Tinto about a merger in July. *No further talks with Glencore after rejecting bid-Rio. MELBOURNE, Oct 7- Rio Tinto rejected a merger approach from smaller rival Glencore Plc to create a $160 billion mining and trading giant in August just as the price of its most profitable product, iron ore, hit a five-year low.

  • New health care acquisition worth $12.2B Monday, 6 Oct 2014 | 8:53 AM ET

    The announcement is the latest in a recent spate of multibillion-dollar healthcare sector deals.

  • WASHINGTON, Oct 3- The U.S. Federal Communications Commission said on Friday it paused its "shot-clock" on the review of the proposed $45 billion merger between the two largest U.S. cable providers, Comcast Corp and Time Warner Cable Inc.. The FCC, which will determine whether the deal is in the public interest, said it is stopping its informal 180- day clock to review...

  • Bingham is in talks to combine with Morgan, Lewis& Bockius of Philadelphia in a deal that could be approved as soon as this month, and Bingham could file for bankruptcy if the deal doesn't go through, management has told people at the firm. In a firm meeting last week, Bingham managing partner Steven Browne told partners that the firm was exploring other options...

  • NEW YORK, Oct 3- Shares of Salix Pharmaceuticals Ltd were higher in premarket trading on Friday, up 3.2 percent to $156 in heavy volume. Separately, Credit Suisse upgraded the stock to "neutral" from "underperform" and raised its price target to $155 from $139. Futures snapshot at 0814 EDT:.

  • Going in through back door for M&A deal profits Friday, 3 Oct 2014 | 8:00 AM ET

    Mergers have hit a level not seen since the financial crisis, and there is a way for investors to profit from the M&A frenzy—in one trade.

  • Raleigh, North Carolina- based Salix, which makes drugs for gastrointestinal disorders, said in July it would merge with Cosmo's Irish subsidiary, a deal that would allow Salix to move its tax domicile abroad in a practice known as inversion. The development path of the pipeline continued in the meantime, so this termination has no effect on value creation, "said...

  • Bingham is in talks to combine with Morgan, Lewis& Bockius of Philadelphia in a deal that could be approved as soon as this month, and Bingham could file for bankruptcy if the deal doesn't go through, management has told people at the firm. In a firm meeting last week, Bingham managing partner Steven Browne told partners that the firm was exploring other options...