GO
Loading...

Mergers

More

  • Fiat Chrysler crowns merger with Wall Street debut Sunday, 12 Oct 2014 | 6:29 AM ET

    *FCA trading on NYSE opens 1330 GMT Monday, followed by Milan. *Wall Street debut comes at difficult time for auto industry. MILAN, Oct 12- Fiat Chrysler Automobiles makes its Wall Street debut to great fanfare on Monday, shifting the carmaker's centre of gravity away from Italy and capping a decade of canny dealmaking and tough restructuring by CEO Sergio...

  • NEW YORK/ BOSTON, Oct 10- Fidelity Investments, the largest shareholder in Actavis Plc, has increased its holdings in takeover-target Allergan in recent months and would be supportive of a potential merger between the two drugmakers, according to people familiar with the matter. The additions would likely make Fidelity the No.8 shareholder in Allergan,...

  • Market ripe for M&A, says JPMorgan exec Thursday, 9 Oct 2014 | 12:11 PM ET
    James B. Jimmy Lee, vice chairman of JPMorgan Chase.

    A top banker with nearly 40 years of experience on Wall Street says he can't "remember a better time to do a deal."

  • 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.