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Mergers and Acquisitions Mergers

  • Les Moonves, president and chief executive officer of CBS Corp.

    If CBS and Viacom merge, CBS CEO Leslie Moonves should be given five years to turn around the company, Mario Gabelli says.

  • The Redstone family's National Amusements Inc holds 80 percent of the voting shares in CBS and Viacom, and has urged the two companies to consider a merger. "Give him five years," said Gabelli, who is the second-largest owner of voting shares of both Viacom and CBS after the Redstone family. Both CBS and Viacom have formed independent board committees to consider a...

  • Lowell McAdam, CEO, Verizon Communications

    The Verizon CEO said he was "not that shocked" about a Yahoo data breach where the user information of 500 million users was stolen.

  • NEW DELHI, Oct 11- India may merge two large state banks in the coming fiscal year once a cleanup of bad assets has run its course, the official overseeing a turnaround of the sector told Reuters, days before a new process to resolve stressed assets goes live. Consolidation of India's public-sector banks would represent a final step in rebuilding a financial...

  • Oct 10- Coca-Cola Co said it would exercise its right to buy Anheuser-Busch InBev's stake in bottler Coca-Cola Beverages Africa, following the brewer's merger with SABMiller.

  • While there is no certainty that CBS and Viacom will agree to a merger, Moonves is seeking to capitalize on his 10- year track record at the helm of CBS to gain as much influence as possible over the combined company, the people said on Monday. Lipton's law firm, Wachtell, Lipton, Rosen& Katz, has been a long-time advisor of CBS. Negotiations between Moonves and National...

  • SAO PAULO, Oct 10- Italian money manager Azimut Holding SpA is close to announcing the combination of Brazilian units AZ Quest Investimentos Ltda and AZ Legan Asset Management Ltda, two people with direct knowledge of the deal said on Monday. The combined firm could have about 4.3 billion reais in assets under management, said one of the people, who requested...

  • Jack Dorsey

    Shares of Twitter stock cratered on Monday after a report that potential bidders were backing off.

  • *William Hill rises on Amaya merger talks. LONDON/ MILAN, Oct 10 (Reuters)- European shares rose on Monday, reversing earlier weakness as oil stocks rallied on the back of stronger crude prices. Deutsche Bank rose 3.4 percent, reversing earlier losses after Austria's finance minister Hans Schelling said he believed the German lender's problems could be resolved...

  • Verizon pushes for $1B discount on Yahoo deal

    The telecom giant looks for a discount on its $4.8-billion agreement to buy Yahoo's core internet business

  • Cramer's stocks to watch:  Lam Research

    CNBC's Jim Cramer is keeping an eye on shares of Lam Research after the semiconductor equipment maker and KLA-Tencor ended merger talks.

  • *Elliott fought Samsung Group over merger of 2 arms in 2015. SEOUL, Oct 6- Samsung Electronics Co shares jumped to a record high on Thursday after activist investor Elliott Management submitted unsolicited proposals for a radical corporate makeover at the world's biggest smartphone maker. An attempt by the U.S. hedge fund to wring change at South Korea's...

  • *Elliott fought Samsung Group over merger of 2 arms in 2015. SEOUL, Oct 6- Samsung Electronics Co shares jumped to a record high on Thursday after activist investor Elliott Management submitted unsolicited proposals for a radical corporate makeover at the world's biggest smartphone maker. An attempt by the U.S. hedge fund to wring change at South Korea's...

  • Jack Dorsey

    Shares of Salesforce.com's stock dipped on Wednesday after reports that tied it more closely to the potential sale of Twitter.

  • The activist investor sent a letter to the world's No. 1 smartphone maker on Wednesday, spelling out changes that include splitting into a holding company and listing its operating company on the Nasdaq stock exchange. Elliott ultimately failed to derail Samsung C&T's merger with sister firm Cheil Industries Inc.. Other than Third Point, a hedge fund active in...

  • Marc Benioff, CEO of Salesforce.com

    Salesforce CEO Marc Benioff said that while he looks at a lot of acquisition properties, he passes on most of them.

  • The $27 billion hedge fund also said Samsung should consider other moves to benefit shareholders, including listing its operating company on the U.S. Nasdaq stock exchange, and paying a $37 billion special dividend from its $70 billion cash pile. Elliott said the new holding company should look at a possible all-stock merger with Samsung C&T Corp- the...

  • Elliott also said the new holding company should look at a possible all-stock merger with Samsung C&T Corp- the subsidiary that the New York hedge fund targeted in a heated shareholder battle last year. Samsung C&T is the defacto holding firm of the Samsung Group. Samsung C&T shareholders voted in favor of an all-stock takeover offer last July from Cheil...

  • Bejing, China

    Dealogic data shows China overtaking the U.S. as the world’s largest assets acquirer, according to the South China Morning Post.

  • Political risks have scared companies off inking deals, Dealogic says — except for Chinese and Japanese firms that hunt U.S. and European targets.