GO
Loading...

Mergers

More

  • *Intel climbs on earnings, outlook. *Time Warner rebuffs $80 bln bid from 21st Century Fox. Time Warner shares jumped 16.4 percent to $82.63 as the best performer on the S&P 500 after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.

  • *Intel climbs on earnings, outlook. *Time Warner rebuffs $80 bln bid from 21st Century Fox. Time Warner shares jumped 18.1 percent to $83.87 as the biggest boost to the S&P 500 after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.

  • Time Warner shares jumped 15.3 percent to $81.86 before the bell as Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down. *A partnership struck between IBM and Apple Inc will serve to boost indexes. IBM shares gained 1.8 percent to $191.85 and Apple advanced 2.1 percent to $97.35 in premarket.

  • Time Warner rejects $80B offer from 21st Century Fox Wednesday, 16 Jul 2014 | 7:45 AM ET
    The Time Warner Center in New York City.

    Twenty-First Century Fox made an $80 billion takeover bid in recent weeks for Time Warner but was rebuffed, sources said. The New York Times reports.

  • *Portugal Telecom salvages Oi merger but cuts stake. *Portugal Telecom shares jump in relief. LISBON, July 16- Portugal Telecom has been forced to take a cut in its share of the merger with Brazil's Grupo Oi after a holding company of the Espirito Santo family failed to repay more than $1 billion it owed to the telco.

  • LISBON, July 16- Portugal Telecom has agreed to revise terms of a merger with Brazil's Oi to reflect a lower valuation of the Portuguese company after a holding company of the troubled Espirito Santo family failed to repay a $1 billion loan.

  • Rio de Janeiro- based Oi and Portugal Telecom agreed to keep the terms of their merger unaltered for now, the paper said, adding that Portugal Telecom will continue to have a 37 percent stake in CorpCo, as the company resulting from the merger is known. Efforts to reach Lisbon- based Portugal Telecom were unsuccessful.

  • What the Reynolds deal says about e-cig leader blu Tuesday, 15 Jul 2014 | 5:28 PM ET
    A woman smoking a 'Blu' e-cigarette

    A huge merger between tobacco giants Reynolds American and Lorillard will see electronic cigarette leader blu go to another company.

  • NEW YORK/ LONDON, July 15- When Imperial Tobacco Group Plc agreed Tuesday to buy a group of brands from Reynolds American Inc and Lorillard Inc as part of their merger, the British company insisted the assets include Lorillard's blu e-cigarette unit.

  • Shareholders of Rio de Janeiro- based Oi want to push Portugal Telecom to agree to have a smaller stake in CorpCo, as the company resulting from the merger is known, depending on the outcome of the debt negotiations later on Tuesday, said the source, who requested anonymity because of the sensitivity of the issue. The family owns about 10 percent of Portugal Telecom.

  • *Debt owed to Portugal Telecom, which is merging with Brazil's Grupo Oi. By 2200 GMT Rioforte is supposed to repay 847 million euros in maturing debt to the country's largest telecom services provider, Portugal Telecom, currently in the throes of a tie-up with Brazil's Grupo Oi, which is likely to amend the terms of the deal in the event of a default.

  • July 15- Reynolds American Inc said it would buy rival Lorillard Inc for about $25 billion, merging two of the world's biggest cigarette makers amid a slowdown in sales. Reynolds, whose brands include Camel and Pall Mall, offered $68.88 per Lorillard share, representing a premium of 2.5 percent to Lorillard's Monday closing.

  • Portugal's BES shares slump as group debt falls due Tuesday, 15 Jul 2014 | 7:42 AM ET

    *Debt owed to Portugal Telecom, which is merging with Brazil's Grupo Oi. The debt is owed to the country's largest telecom services provider, Portugal Telecom, currently in the throes of a tie-up with Brazil's Grupo Oi, which is likely to amend the terms of the deal in the event of a default.

  • Reynolds to acquire rival Lorillard, ditch Kool Tuesday, 15 Jul 2014 | 7:34 AM ET

    Reynolds American on Tuesday announced plans to acquire Lorillard in a deal the company valued at $27.4 billion.

  • How US drug firms plan to evade taxes Tuesday, 15 Jul 2014 | 5:35 AM ET

    Increasingly, drug makers and medical device companies have found a way to self-medicate when it comes to taxes and regulation.

  • TOKYO, July 15- Japan's Nikkei share average climbed to a 1-1/ 2- week high on Tuesday after Citigroup's strong earnings and a merger and acquisition deal in the U.S. healthcare industry lifted sentiment. The Bank of Japan's policy meeting outcome got a muted reaction from the market.

  • *Fed Chair Janet Yellen's testimony awaited. *Otsuka soars on new drug application to FDA. TOKYO, July 15- Japan's Nikkei share average climbed on Tuesday with all sectors rising, helped by gains on Wall Street on Citigroup's strong earnings and a merger and acquisition deal in the healthcare industry.

  • Kodiak got bought. Who else may be a target? Monday, 14 Jul 2014 | 1:01 PM ET
    A gas flare is seen at an oil well near Williston, North Dakota.

    The $6 billion buyout of Kodiak Oil & Gas is renewing attention on energy firms in North Dakota's Bakken formation.

  • *Citigroup up after earnings, settlement. NEW YORK, July 14- U.S. stocks rose on Monday, sparked by the latest flurry of merger activity and earnings from Citigroup, putting the S&P 500 on pace to climb for a second straight session.

  • COLUMN-Profiting from the urge to merge Monday, 14 Jul 2014 | 11:29 AM ET

    One of the oldest and largest funds in this niche is the Merger Fund, which manages nearly $6 billion.