Mergers and Acquisitions Mergers


  • mergers

    Huntington Bancshares agreed to buy Ohio-based FirstMerit for about $3.4 billion in a cash-and-stock deal.

  • *Sees 2016 operating profit of $2.95- $3.10/ shr vs est. The company's previous cost-reduction plan, launched under former CEO Ellen Kullman, had pegged cuts at $1.3 billion by the end of 2016 from 2013 levels. The company said it expects full-year operating earnings of $2.95- $3.10 per share, compared with analysts' average estimate of $3.10 per share, according to...

  • Jan 26- Huntington Bancshares Inc said on Tuesday it has agreed to buy Ohio- based FirstMerit Corp for about $3.4 billion in a cash-and-stock deal. Under terms of the deal, FirstMerit Corp will merge with a unit of Huntington Bancshares, and FirstMerit Bank, a unit of FirstMerit Corp, will merge with and into The Huntington National Bank, Huntington said.

  • The outlook for M&A in 2016

    Philip Whitchelo, VP of strategy and product marketing at Intralinks, says low inflation and interest rates are pushing companies to look to mergers in order to to grow.

  • Jan 25- Johnson Controls Inc and Tyco International Plc announced plans to merge, creating a company with revenue of more than $40 billion that will be based in low-tax Ireland- a sign that market volatility has not derailed strategic mergers. Mikwaukee-based Johnson Controls, which has a market value $23 billion, makes heating and ventilation systems and car...

  • Jan 25- Johnson Controls Inc, a U.S. maker of car batteries and heating and ventilation equipment, said it would merge with Ireland- based fire protection and security systems maker Tyco International Plc. The businesses of Johnson Controls and Tyco will be combined under Tyco International Plc, which will be renamed Johnson Controls Plc, after the deal closes.

  • Jan 25- Johnson Controls Inc, a maker of car batteries and heating and ventilation equipment, said on Monday it would merge with Ireland- based fire protection and security systems maker Tyco International Plc.

  • Johnson Controls and Tyco to merge

    Johnson Controls, a maker of car batteries and heating and ventilation equipment and Tyco, security systems maker, announced a merger deal.

  • Johnson Controls eyes deal with Tyco

    The manufacturer of car batteries and heating and ventilation equipment is combining with Tyco International.

  • An employee walks through the Johnson Controls and Saft Groupe SA factory, a joint venture producing Lithium-ion batteries in Nersac, France.

    Johnson Controls is in advanced talks to buy fire protection and security company Tyco International, people familiar with the matter told Reuters.

  • Sales at food retailer Ahold rise 21%

    Dick Boer, CEO of Ahold, discusses his company's strong fourth quarter which saw sales rise by 21 percent and talks about the U.S. consumer.

  • Canada's No. 2 railroad said its net income slipped to C $319 million, or C $2.08 per share, in the three months ended Dec.31, from C $451 million, or C $2.63 per share, a year earlier. Revenue slipped 4 percent to C $1.68 billion. CP says a merger would enhance competition and create new markets and options for customers across North America.

  • A woman is reflected on the black door of a General Electric (GE) refrigerator at a store selling electronics and appliances in Montebello, California on January 15, 2016.

    The Chinese economy still has "plenty of room for growth," GE's vice chairman tells CNBC.

  • BRUSSELS, Jan 20- U.S. cable group Liberty Global is set to secure EU approval for its 1.3- billion-euro bid for KPN's Belgian unit after pledging to divest assets to boost a rival, two people familiar with the matter said on Wednesday. This will be the first telecoms merger cleared by European Competition Commissioner Margrethe Vestager since she scuppered a...

  • Jan 20- Staples Inc said it would give itself three more months before calling off its proposed $6.3 billion- acquisition of Office Depot Inc, giving the companies time to fight an antitrust lawsuit with the Federal Trade Commission. Staples said on Wednesday it would extend the termination date of the proposed acquisition to May 16 from Feb. 4, the previous...

  • The publisher of the National Post, Toronto Sun and other major Canadian newspapers said last week that it was aiming to wring C $30 million more in annual cost savings. Postmedia said the cuts would be effective immediately for 35 jobs in Edmonton, 25 in Calgary and 12 in Ottawa. As part of a related change in sports coverage, five jobs were eliminated from the...

  • MUNICH, Jan 17- The European Union plans to take a harder look at whether the collection of vast troves of consumer data by big Internet companies violates competition rules, competition commissioner Margrethe Vestager said on Sunday. Since taking over as Europe's top antitrust enforcer in 2014, Vestager has stepped up investigations into U.S. web giants...

  • NEW YORK, Jan 15- Layoffs at chemical maker DuPont Co announced in late December, in preparation for its merger with Dow Chemical Co, create negative credit conditions for communities in Delaware and the state overall, a report said on Friday. Moody's Investors Service said the 1,700 jobs being cut in Delaware by DuPont represents a "significant" 24 percent of all...

  • LOMBARD, Ill., Jan 14- A potential merger of Canadian Pacific Railway Ltd and Norfolk Southern would make it hard for No. 3 U.S. railroad CSX Corp to survive alone and ratchet up pressure for more industry consolidation, the chairman of No. 2 U.S. railroad BNSF said on Thursday. "CSX would be at an enormous disadvantage and so there would be another step towards...

  • Mergers between U.S. banks could hit the highest level in a decade this year, Rafferty Capital's Richard Bove told CNBC on Thursday.