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Mergers and Acquisitions Mergers

  • ESSEN, Germany, Nov 24- German industrial company Thyssenkrupp reported a 12 percent fall in annual operating profit and gave a cautious outlook that underlined the urgency of finding a lasting solution for its struggling steel business. Backed by activist investor Cevian, which has increased its stake this year to almost 20 percent, Thyssenkrupp is striving...

  • FRANKFURT, Nov 23- The finance chief of Deutsche Boerse warned on Wednesday rivals in the United States and China would become dominant if the German group's planned merger with the London Stock Exchange was blocked by European regulators. Gregor Pottmeyer said the planned $28 billion tie-up, announced earlier this year, was necessary after competitors in...

  • *Q3 net profit 394 million shekels vs 377 million forecast. JERUSALEM, Nov 23- Bezeq Israel Telecom renewed pressure on regulators to allow it to merge its services on Wednesday, as growth in broadband Internet services helped it post a smaller-than-expected fall in quarterly profit. Israel's Communications Ministry has been reluctant to allow Bezeq-- a...

  • *Investigation into $8 bln merger of Samsung Group affiliates. SEOUL, Nov 23- South Korean prosecutors raided the offices of Samsung Group on Wednesday, a prosecution official said, after media reports of alleged links with a confidante of President Park Geun-hye who has been indicted in an influence-peddling scandal. NPS, the world's third-largest pension...

  • BERLIN, Nov 22- Deutsche Boerse expects to hear what objections the European Commission has to its planned merger with London Stock Exchange in the second week of December, the German firm's chief executive told Reuters on Tuesday. That will be the next data point really, " Carsten Kengeter said on the sidelines of a digital conference in Berlin.

  • Symantec rallying on LifeLock acquisition

    Greg Clark, CEO, Symantec, discusses his company's acquisition of ID protection firm, LifeLock.

  • *Abu Dhabi banks recover following denial of merger talks. *Shuaa Capital surges as new stakeholder seen as positive. DUBAI, Nov 21- Stock markets in the Gulf diverged on Monday with Saudi Arabia's index cooling for a third session as investors book profits on lofty prices while Abu Dhabi rebounded slightly.

  • Nov 21- London Stock Exchange Group Plc said on Monday that it would acquire business and financial information provider Mergent Inc.. LSEG, which agreed to merge with German rival Deutsche Boerse to create a giant European trading house, said the Mergent business will be a part of its information services division. The company did not disclose the terms of the...

  • *Abu Dhabi's UNB, ADCB, ADIB drop after denying merger rumors. DUBAI, Nov 20- Shares of three of Abu Dhabi's top lenders pulled back on Sunday after the banks denied they were in merger talks, while Saudi shares were hit by profit taking. Abu Dhabi's index dropped 1.7 percent as Union National Bank retreated 5.2 percent and Abu Dhabi Commercial Bank lost 2.7 percent...

  • FRANKFURT, Nov 18- U.S. packaging group Westrock has put a unit making soap dispensers and perfume sprayers up for sale in a potential $1 billion deal, as it seeks to streamline its portfolio after a recent merger, three people close to the matter said. The Westrock unit- dubbed a home, health and beauty business- posted earnings before interest, taxes, depreciation...

  • BARCELONA, Nov 17- Russian internet company Mail.ru is a "natural" business partner for mobile operator Megafon but there are no plans for an outright merger, Mail.ru Chief Financial Officer Matthew Hammond said on Thursday. Speaking to investors at the Morgan Stanley European Tech, Media and Telecoms Conference here, Hammond said there were clearly areas for...

  • PARIS, Nov 17- Private equity firm Ardian said on Thursday it had entered exclusive talks with Equistone Partners to buy the fund's controlling stake in Unither Pharmaceuticals, a medical packaging manufacturer. Unither, founded in 1993, has sales of more than 250 million euros and employs more than 1,200 staff. Healthcare has been a key area for merger and...

  • DUBAI, Nov 16- Abu Dhabi bank shares surged on Wednesday because of renewed speculation that the government might merge more banks as part of an efficiency drive, while other regional markets rebounded, encouraged by strong global bourses and oil prices. The Abu Dhabi index jumped 2.6 percent, its largest single-day gain since June, but trading volume continued...

  • Nov 15- German container shipping line Hapag-Lloyd is set to secure EU antitrust approval for its merger with United Arab Shipping Company after the latter agreed to pull out from some vessel sharing agreements, two people familiar with the matter said on Tuesday. The combined company, valued at about 7 to 8 billion euros, would be the world's fifth largest...

  • BRUSSELS, Nov 15- EU antitrust regulators are set to clear German container shipping line Hapag-Lloyd's merger with United Arab Shipping Company after the latter agreed to withdraw from some vessel sharing agreements, two people familiar with the matter said on Tuesday. The combined company, valued at about 7 to 8 billion euros, would be the world's fifth...

  • Perella Weinberg, Tudor Pickering to combine

    CNBC's Kate Kelly reports the latest on these two well-known boutique investment banks joining forces.

  • MILAN/ PARIS, Nov 14- UniCredit and Societe Generale declined to comment on talk of a possible merger between them after their shares rose on speculation about a tie-up. Rumors about a possible merger between the French and Italian banks have been doing the rounds for several years and have re-emerged after Jean-Pierre Mustier, a former investment banking boss...

  • MILAN/ PARIS, Nov 14- UniCredit and Societe Generale declined to comment on talk of a possible merger between them after their shares rose on speculation about a tie-up. Rumours about a possible merger between the French and Italian banks have been doing the rounds for several years and have re-emerged after Jean-Pierre Mustier, a former investment banking...

  • MILAN, Nov 14 (Reuters)- European shares rose sharply on Monday, underpinned by gains among bank sector stocks, while debt collector Intrum Justitia soared to a record high after a merger deal and Siemens rose after a software acquisition. By 0933 GMT, Europe's STOXX 600 index rose 1.1 percent. Europe's STOXX Bank was among the biggest sectoral gainers on Monday, up...

  • NEW YORK, Nov 11- Biotechnology companies, whose U.S. shares soared Wednesday after Republican Donald Trump's presidential election, may soon see another benefit: an uptick in biotech M&A. Despite a few headline-grabbing deals, such as Pfizer Inc's $14 billion acquisition of cancer drugmaker Medivation Inc in August, overall life sciences dealmaking is down...