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Capital Goods Industrial Conglomerates

  • *Agreed Akorn bid of $34 per share. FRANKFURT, April 24- German healthcare conglomerate Fresenius SE& Co KGaA revved up the pace of its deals by acquiring U.S. generic drugmaker Akorn Inc for $4.75 billion, and in a separate agreement, the biosimilars unit of German peer Merck KGaA. A lot has been done in that area in the recent past, "Fresenius Chief Executive Stephan...

  • FRANKFURT, April 24- Acquisitive German healthcare conglomerate Fresenius SE& Co KGaA revved up its deals pace by acquiring U.S. generic drugmaker Akorn Inc for $4.75 billion, and in a separate deal, the biosimilars unit of German peer Merck KGaA. In a transaction that has the backing of Akorn's management, Fresenius will pay $34 per share and take on Akorn's net...

  • April 24- German healthcare conglomerate Fresenius SE& Co KGaA is close to acquiring generic drugmaker Akorn Inc in an all-cash deal valuing the company at more than $4 billion, people familiar with the matter said on Monday. The deal values Akorn in the region of $33 to $35 per share, said the sources. Akorn shares were hovering around $32 on Monday afternoon in New...

  • BRASILIA, April 23- The Brazilian government may increase the corruption fine that engineering conglomerate Odebrecht agreed to pay in a multi-billion dollar leniency deal signed last year, newspaper Folha de S.Paulo reported on Sunday. Odebrecht, once Latin America's biggest builder, struck a deal with Brazil, the United States and Switzerland in December...

  • BRASILIA, April 23- The Brazilian government may increase the corruption fine that engineering conglomerate Odebrecht agreed to pay in a multi-billion dollar leniency deal signed last year, newspaper Folha de S.Paulo reported on Sunday. Odebrecht, once Latin America's biggest builder, struck a deal with Brazil, the United States and Switzerland in December...

  • BRASILIA, April 23- The Brazilian government may increase the corruption fine that engineering conglomerate Odebrecht agreed to pay in a multi-billion dollar leniency deal signed last year, newspaper Folha de S.Paulo reported on Sunday. Odebrecht, once Latin America's biggest builder, struck a deal with Brazil, the United States and Switzerland in December...

  • BRASILIA, April 23- The Brazilian government may increase the corruption fine that engineering conglomerate Odebrecht agreed to pay in a multi-billion dollar leniency deal signed last year, newspaper Folha de S.Paulo reported on Sunday. Odebrecht, once Latin America's biggest builder, struck a deal with Brazil, the United States and Switzerland in December...

  • TOKYO, April 21- Japanese electronics conglomerate Panasonic Corp has raised its offer to buy out subsidiary PanaHome Corp, in an effort to satisfy the housebuilder's shareholders, who were unhappy with the original bid. In a statement on Friday, Panasonic said it had decided to make an all-cash offer to buy the rest of PanaHome in a deal worth 92.4 billion yen.

  • It was not clear if the diversification into the domestic market was related to the loss of many international routes when the United Nations slapped economic sanctions on North Korea for its nuclear and ballistic missile programs. But any U.S. action on Air Koryo would not be binding on other nations and would have little effect unless joined by China and...

  • TOKYO, April 21- Toshiba Corp creditor Sumitomo Mitsui Trust Bank said it fully supports the troubled electronics conglomerate as it battles to survive by shedding a pair of core businesses. As a member of its main creditor group, we will provide as much support as possible, " Masaru Hashimoto, who became president of SMTB this month, said in an interview.

  • NEW YORK, April 19- Billionaire investor Warren Buffett supports Wells Fargo& Co's management and board of directors, and has likely already voted shares owned by him and and his conglomerate, Berkshire Hathaway Inc, in line with the bank's official suggestions, a representative told Reuters. Wells Fargo's board is facing a threat at a shareholder meeting next...

  • SHANGHAI, April 19- China's central bank has relaxed some of the curbs on cross-border capital outflows it put in place just months ago to shore up the yuan currency, banking sources said on Wednesday. The first easing of the measures comes as China's leaders and financial markets feel more confident that pressure on the yuan and the country's foreign exchange...

  • However, cost controls and lower taxes helped the healthcare conglomerate beat Wall Street profit forecasts. With Actelion, J&J expects 2017 sales of $75.4 billion to $76.1 billion and adjusted earnings of $7.00 to $7.15 per share. Without Actelion, J&J maintained its prior forecast for sales of $74.1 billion to $74.8 billion and adjusted earnings of $6.93 to...

  • BRASILIA, April 17- Some Brazilian ministers will very probably step down because of the plea bargain testimonies of engineering conglomerate Odebrecht SA, President Michel Temer said on Monday.

  • SEOUL, April 17- South Korean prosecutors on Monday charged ousted president Park Geun-hye and Lotte Group chairman Shin Dong- bin with bribery in the latest twist to a corruption scandal that rocked the country for months. Lotte, South Korea's fifth-biggest conglomerate, is grappling with the Chinese shutdown of dozens of its stores in China, after it agreed to...

  • TOKYO, April 14- Japan's Toshiba Corp is likely to win creditors' approval for offering its prized memory chip business stake as collateral for new loans and loan commitments worth around 1 trillion yen, sources briefed about the matter said on Friday. The approval is crucial for the troubled conglomerate, which needs billions of dollars in fresh funding to tide...

  • *Mobile remains a core focus for the IDG Capital. BEIJING, April 14- IDG Capital, a private equity and venture capital firm, will deploy greater resources and time in companies as they grow, in contrast to some quick exits in the past, Global Chairman Hugo Shong told Reuters in an interview. IDG Capital, which together with China Oceanwide Holdings Group recently...

  • April 12- Warren Buffett's Berkshire Hathaway Inc withdrew its application to the Federal Reserve to boost its ownership stake in Wells Fargo& Co above 10 percent, and is instead selling 9 million shares to keep it below that threshold. Wells Fargo has been beset since September by a scandal over its creation of unauthorized customer accounts.

  • TOKYO, April 11- Toshiba Corp filed twice-delayed business results on Tuesday without an endorsement from its auditor and warned its very survival was in doubt, deepening a prolonged crisis at the Japanese conglomerate. The filing carried a disclaimer from auditor PricewaterhouseCoopers Aarata LLC that it was unable to form an opinion of the results,...

  • *Drive to consolidate given urgency by China's ambitions. FRANKFURT/ BERLIN, April 11- German industrial conglomerate Siemens and Canada's Bombardier are in talks to combine their rail operations in a joint venture, two people close to the matter told Reuters on Tuesday. The news was earlier reported by Bloomberg, lifting Siemens shares to a record high of...