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Mergers

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  • PARIS/ ZURICH, March 16- Holcim called a halt on Monday to its merger with Lafarge, pressing the French company to renegotiate the deal terms and putting their plan to create the world's biggest cement maker at risk. But since then, diverging results, share prices and a surge in the Swiss franc against the euro have strengthened Holcim's position and led its largest...

  • Stop sign for Holcim/LaFarge deal   Monday, 16 Mar 2015 | 6:05 AM ET
    Stop sign for Holcim/LaFarge deal

    Holcim has reported that its deal with Lafarge can no longer go ahead in its present form. CNBC's Paris Correspondent, Stephane Pedrazzi, discusses further.

  • March 12- Levy Acquisition Corp, the blank-check acquisition vehicle of Chicago restaurateur Larry Levy, said it would buy U.S. fast-food chain Del Taco Inc for about $500 million, including debt. A Levy Acquisition unit will then merge into Del Taco, the company said on Thursday. Levy Acquisition said it plans to change its name to Del Taco Restaurants Inc and will...

  • TOKYO, March 10- Sharp Corp is not considering merging its troubled display business with rival Japan Display Inc, an executive said on Tuesday, adding that the unit was had a technological advantage over its competitors. He was responding to speculation that loss-making Sharp could merge its display business with Japan Display. Sharp is compiling a new...

  • TOKYO, March 6- Japan's Nikkei share average rose to a fresh 15- year high on Friday as encouraging comments from the European Central Bank lifted sentiment, but FamilyMart Co fell on news that it was in merger talks with UNY Group Holdings Co. The Nikkei ended 1.2 percent higher at 18,971.00 points, its best closing level since April 2000. FamilyMart dropped 2.2...

  • Will a FamilyMart-UNY merger be a gamechanger?   Thursday, 5 Mar 2015 | 10:10 PM ET
    Will a FamilyMart-UNY merger be a gamechanger?

    Peter Boardman, managing director at Tradewinds, discusses news of a potential merger between Japan's FamilyMart and UNY Group Holdings.

  • *FamilyMart falls, UNY rises on merger talk news. TOKYO, March 6- Japan's Nikkei share average rose to a fresh 15- year high on Friday as encouraging comments from the European Central Bank lifted sentiment, but FamilyMart Co tumbled on news that it was in merger talks with UNY Group Holdings Co. The Nikkei gained 1.1 percent to 18,965.86 points by midmorning, its...

  • *Europe shares dip off lows as Vivendi weighs. China rate cut helps lift Asian equities, gold. LONDON, March 2- European shares slipped from seven-year highs on Monday, weighed down by merger activity in the telecoms sector, while Asian stocks edged up after China cut interest rates at the weekend.

  • *China rate cut helps lift Asian shares, gold. LONDON, March 2- European shares clung to seven-year highs on Monday, lifted by merger activity in the telecoms sector, while Asian stocks edged up after China cut interest rates at the weekend. German manufacturing activity expanded further in February as new order rose, according to Markit's final purchasing...

  • LONDON, March 2- European shares kicked off March on a flat note on Monday, with a boost from merger activity in the telecoms sector offset by falls in media group Vivendi. The French media group said on Friday it had agreed to sell its remaining stake in telecoms company Numericable-SFR to Altice at 40 euros per share- well below Numericable-SFR's share price of...

  • LAUNCESTON, Australia, Feb 27- The market chatter over forming a giant Chinese oil major through merging PetroChina and Sinopec has ramped up again recently, but the motivations for such a deal struggle to stand up to scrutiny. The Chinese authorities are mulling joining China National Petroleum Corp, the parent of PetroChina, and China Petrochemical Corp, the...

  • *Cyberonics will have 54 pct of new group; Sorin 46 pct. MILAN, Feb 26- Italian medical device maker Sorin and its smaller U.S. peer Cyberonics Inc announced a merger on Thursday to create a global leader in cardiac surgery and neuromodulation with an equity value of $2.7 billion. Sorin's boss Andre-Michel Ballester will become chief executive and the board will be...

  • Sterne Agee deal makes us more relevant: Stifel CEO Tuesday, 24 Feb 2015 | 10:09 AM ET
    Stifel

    Stifel Financial's purchase of Sterne Agee is about becoming more relevant to clients, CEO Ron Kruszewski tells CNBC.

  • WASHINGTON, Feb 20- Sysco Corp is not holding settlement talks with the U.S. government to resolve a lawsuit aimed at stopping a $3.5 billion merger of the food distributor and its largest rival, a lawyer for Sysco said on Friday. The Federal Trade Commission has filed a complaint aimed at blocking Sysco's purchase of U.S. Foods Inc. The FTC said the deal would give...

  • MOSCOW, Feb 20- Russia's Eurasia Drilling said on Friday it was delaying a deal to sell a stake in the company to oil services giant Schlumberger while it waited for approval from a Russian regulator. Last month, Schlumberger said it planned to buy a 45.65 percent stake in Eurasia for about $1.7 billion, potentially paving the way for it to become the sole owner of...

  • NEW YORK/ WASHINGTON, Feb 19- The U.S. government filed a lawsuit on Thursday seeking to block a merger of the nation's two largest food distributors, US Foods Inc and Sysco Corp, which said it will fight the Federal Trade Commission action. Sysco and US Foods unveiled their $3.5 billion deal in December 2013. The FTC announcement sent Sysco's stock price lower, with...

  • UPDATE 1-FTC sues to block Sysco-US Foods merger Thursday, 19 Feb 2015 | 2:29 PM ET

    NEW YORK/ WASHINGTON, Feb 19- The Federal Trade Commission said on Thursday it has filed a lawsuit seeking to block a merger of Sysco Corp and US Foods Inc. Sysco and US Foods, the largest U.S. food distributors and the only ones with national reach, announced the $3.5 billion deal in December 2013. The tie-up has been controversial because Sysco and US Foods are the...

  • U.S. sues to stop proposed merger of Sysco, US Foods Thursday, 19 Feb 2015 | 2:15 PM ET

    WASHINGTON, Feb 19- U.S. antitrust regulators filed a lawsuit on Thursday aimed at stopping food distribution giant Sysco Corp from purchasing smaller rival US Foods, the Federal Trade Commission said on Thursday. Sysco and US Foods, the largest U.S. food distributors and the only ones with national reach, announced the $3.5 billion deal in December 2013.

  • Feb 19- The U.S. Federal Trade Commission is expected to file a lawsuit as early as Thursday seeking to block a merger of Sysco Corp and U.S. Foods, according to a person briefed on the matter. Representatives for the Federal Trade Commission declined to comment. Sysco and U.S. Foods did not immediately respond to requests for comment.

  • Regulators set to probe into GE, Alstom deal: sources Wednesday, 18 Feb 2015 | 6:42 PM ET
    General Motors GM

    General Electric's bid for Alstom's power equipment business is likely to face a full-scale investigation by EU antitrust regulators.