Mergers and Acquisitions Mergers

  • The bank also named Richard Yorke, who previously headed the international group, as chief operating officer for the wholesale banking business. Wells Fargo derives just 4 percent of its revenues from outside the United States. Wells Fargo now has operations in 42 countries and territories with close to 3,000 employees in Asia Pacific, Europe and the United...

  • TORONTO, Jan 19- Canada's main stock index edged higher on Thursday, helped by a jump in Canadian Pacific Railway shares on prospects of consolidation in the railroad industry and a rebound of uranium producer Cameco Corp.. Canadian Pacific Railway rose nearly 4 percent to C $200.11 a day after saying its chief executive, Hunter Harrison, would leave five months...

  • Jan 19- A federal judge is expected to block a proposed deal between health insurer Anthem Inc and Cigna Corp as soon as Thursday, the New York Post reported, citing sources. Anthem, which operates Blue Cross Blue Shield health insurance plans in 14 U.S. states, is trying to buy smaller rival Cigna. Judge Amy Berman Jackson of the U.S. District Court for the District of...

  • Jan 18- Alaska Air Group Inc said on Wednesday it expects to record $82 million in the fourth quarter in costs related to the $2.6 billion acquisition of Virgin America Inc.. The Seattle- based company said it expected unit revenue, a closely watched performance metric, for the fourth quarter ended Dec. 31, in the range of 11.24 cents to 11.29 cents, including Virgin...

  • FRANKFURT, Jan 17- Germany and the European Central Bank are pushing harder for Deutsche Boerse and the London Stock Exchange to give Frankfurt a greater role once they merge, now Britain is leaving the European Union, people involved said. As it stands, London is due to be the home of the main holding company of the merged exchanges and the joint board would also be...

  • *Says Syngenta will push expansion of biotech R&D in China. There will be some remedies in both the U.S. and the EU but I can't speak to any details, " Erik Fyrwald told Reuters on the sidelines of the World Economic Forum in Davos. Unveiling details about Syngenta's future role within ChemChina for the first time, Fyrwald also said Israel- based Adama, a maker of generic...

  • *Etihad mulls taking 30-40 pct stake in Lufthansa- Il Messaggero. MILAN, Jan 17- Germany's Lufthansa and Etihad Airways are in talks to possibly merge the two airlines, Italian newspaper Il Messaggero said in an unsourced report on Tuesday, boosting the German airline's share price. According to the paper, managers from both companies have for weeks been...

  • AT&T CEO: 'Very confident' AT&T-Time Warner deal gets done

    This is a "basic" vertical merger, says Randall Stephenson, AT&T CEO, providing his thoughts on the likelihood of a deal between AT&T and Time Warner.

  • Jan 17- The group created by the merger of Italy's Luxottica and France's Essilor will consider a listing in both Italy and France, as well as the United States, Luxottica founder Leonardo del Vecchio was quoted as saying on Tuesday. "The double listing is an option on the table which we will evaluate in the next days, and so will the listing on the U.S. market," said Del...

  • Difficult to comment on Engie rumors: Suez Env

    Suez Environnement CEO, Jean-Louis Chaussade weighs in on the merger talk seen in markets surrounding the firm and Engie.

  • Del Vecchio has long insisted that none of his six children should carry the burden of a big firm like Luxottica, which he founded in 1961 in Agordo, a tiny village in the Dolomite foothills in north-east Italy. Widely respected in Italy, Del Vecchio is credited with turning Luxottica into a global player with 7,800 shops in 150 countries by striking licensing...

  • Confident Syngenta and ChemChina will finish deal: CEO

    Syngenta CEO Erik Fyrwald discusses his upcoming deal with ChemChina.

  • *Del Vecchio to be CEO, executive chairman of merged group. *Del Vecchio to own between 31 pct and 38 pct of group. *Essilor chief to have same powers as Del Vecchio.

  • According to the research report published in the Times on Monday, there is a "good chance" Deutsche Boerse will relocate derivatives trading from London to Frankfurt. http://bit.ly/2jVIlff. LSEG and Deutsche Börse are committed to maintaining the strengths and capabilities of their respective operations in London and Frankfurt, "LSEG said in a statement.

  • PARIS— A new European eyewear giant worth more than 50 billion euros is set to emerge as Italy's Luxottica— owner of Ray-Ban and Oakley glasses— merges with French lens manufacturer Essilor. Shares jumped in both Luxottica, which is based in Milan, and Essilor, headquartered near Paris. The boards of Essilor and Luxottica approved the merger in meetings Sunday.

  • Opportunity for synergy between Luxottica and Essilor: Pro

    Deane McRobie, consumer and retail reporter at Mergermarket Group, discusses the latest deal between eyewear maker Luxottica and lens company Essilor.

  • *Del Vecchio to be CEO, executive chairman of merged group. *Del Vecchio to have between 31 pct and 38 pct of group. *Essilor's chief to have same powers as Del Vecchio.

  • MILAN/ PARIS, Jan 16- Italy's Luxottica and France's Essilor have agreed a 46- billion euro merger deal to create a global powerhouse in the eyewear industry with revenues of more than 15 billion euros, they said in a statement on Monday. The deal, one of Europe's largest cross-border tie-ups, brings together Luxottica, the world's top spectacles maker with brands...

  • Baker McKenzie: Cloud of uncertainty over investment

    Tim Gee, M&A partner at Baker McKenzie, gives his forecasts for the mergers and acquisitions space in 2017, despite uncertainty surrounding politics.

  • MILAN, Jan 16- Italy's Luxottica and France's Essilor have agreed a 46- billion euro merger deal to create a global powerhouse in the eyewear industry, two sources with knowledge of the matter said. Luxottica has a market value of around 24 billion euros, compared to Essilor's 22 billion euros, giving the merged group a combined market capitalisation of 46...