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Mergers

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  • Zale shareholder TIG opposes merger with Signet Friday, 9 May 2014 | 3:46 PM ET

    May 9- Zale Corp shareholder TIG Advisors LLC opposed the jeweler's proposed merger with Signet Jewelers Ltd, calling the $21 million offer inadequate and unfair to Zale stockholders. Zale shares rose as much as 4.2 percent to $22.08 on the New York Stock Exchange in late trading on Friday.

  • LONDON/ NEW YORK/ PARIS May 9- The $35 billion merger of U.S.-based Omnicom and France's Publicis collapsed on Friday after a battle for control destroyed plans to create the world's largest advertising agency. "I have not been able to convince John that balance is balance," Publicis Chief Executive Maurice Levy said of his Omnicom counterpart John Wren.

  • Apple + Beats: Wall Street says why bother? Friday, 9 May 2014 | 7:48 AM ET
    The Apple store on Fifth Avenue in New York City.

    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.

  • *CEO Maurice Levy says Publicis needs to be bigger. PARIS, May 9- Advertising agency Publicis will probably return money to shareholders and pursue smaller acquisitions this year as it seeks to get back on track after the failure of a $35 billion merger with U.S. peer Omnicom.

  • Too big to work? Why ad giants called off merger Thursday, 8 May 2014 | 10:24 PM ET
    Omnicom CEO John Wren and Publicis CEO Maurice Levy after announcing a merger of their companies

    The $35 billion merger between Omnicom and Publicis has collapsed as challenges proved too immense for the partners.

  • May 8- The proposed $35 billion merger between Omnicom Group Inc, the No. 1 U.S. advertising company, and French rival Publicis Groupe SA has been called off, according to a person familiar with the situation.

  • WASHINGTON, May 8- Lawmakers expressed concern about combining the top two U.S. cable operators at a congressional hearing Thursday to discuss Comcast's plan to merge with Time Warner Cable Inc..

  • WASHINGTON, May 8- Lawmakers expressed concern about combining the top two U.S. cable operators at a congressional hearing Thursday to discuss Comcast's plan to merge with Time Warner Cable Inc..

  • Comcast to face House critics at merger hearing Thursday, 8 May 2014 | 7:03 AM ET
    David Cohen, executive vice president of Comcast Corp., left, speaks during a Senate Judiciary Committee hearing with Arthur Minson Jr., executive vice president and chief financial officer of Time Warner Cable Inc., in Washington, D.C.

    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.

  • Among the critics due to testify is Dave Schaeffer, CEO of Cogent Communications Group Inc, which has been a high-speed go-between for Netflix and Comcast. In February, Netflix Inc agreed to pay Comcast an unknown sum to connect directly.

  • NEW YORK, May 7- In a deal that could pave the way for a major law firm merger, Washington law and lobbying firm Patton Boggs has agreed to pay $15 million to settle claims by Chevron Corp that it tried to enforce an $18 billion pollution judgment in Ecuador against the oil company it knew was obtained through fraud and corruption.

  • May 7- Mondelez International Inc and competitor D.E Master Blenders 1753 are merging their coffee businesses in a deal aimed at taking on market leader Nestle SA. The merger announced on Wednesday will marry Mondelez's grocery coffee brands such as Carte Noire and Gevalia with D.E Master Blenders' L'OR, Pilao and Senseo brands.

  • *CEO says eyes acquisition opportunities from Lafarge/ Holcim merger. HEIDELBERG, Germany, May 7- HeidelbergCement could seize opportunities to snap up assets from rivals Lafarge and Holcim which may be forced into disposals to get the go-ahead from regulators for their planned merger.

  • May 6- Merck& Co Chief Executive Kenneth Frazier said he does not expect a wave of giant mergers in the drug industry despite a spate of recent activity, adding that Merck will seek out promising medicines rather than lower taxes in any future deals.

  • Comcast to bring high-speed service to LA and NYC Monday, 5 May 2014 | 12:50 PM ET
    A Comcast truck in Pompano Beach, Florida

    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.

  • Trucks load coal at the Baosteel Group Corp. facilities in Shanghai, China.

    Baoshan Iron and Steel (Baosteel) and Aurizon Holdings launched a A$1.14 billion ($1.06 billion) takeover bid for Aquila Resources.

  • May 4- B/E Aerospace, a $9 billion maker of aircraft cabin interior products, said Sunday it was exploring strategic alternatives including a possible sale, merger or spin off of the company or selected businesses.

  • Los Angeles, May 4- Within a year after its $45 billion acquisition of Time Warner Cable Inc closes, Comcast Corp aims to make its advanced X1 cable service available in areas such as New York and Los Angeles and other markets where it will gain a commanding new presence.

  • 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.

  • NEW YORK, May 3- Employees at Pfizer Inc's U.S. research centers, such as the La Jolla, California site that specializes in cancer drugs, may want to dust off their resumes if the company's proposed acquisition of Britain's AstraZeneca comes to fruition.