Mergers and Acquisitions Mergers

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  • March 3- Chipmaker Broadcom Ltd, the company created following the merger of Avago and Broadcom, said it would cut about 1,900 jobs across businesses globally. Broadcom also reported a 4 percent fall in first-quarter revenue to $1.77 billion. The company said it expects to take charges of about $650 million related to the job cuts through 2018..

  • Dow CEO Andrew Liveris will get $52.8 million in cash, stock and other payments, including about $40 million he is already entitled to on his retirement, DowDuPont said in a regulatory filing. DuPont's Edward Breen, who replaced Ellen Kullman as CEO in October, will get $27.2 million, DowDuPont said. The news of Liveris's retirement was seen as a victory for Daniel...

  • March 3- DowDuPont, the entity to be created by the merger of DuPont with Dow Chemical Co, said the chief executives of the two companies would get a combined $80 million in "golden parachute" payments after DowDuPont splits into three. Dow CEO Andrew Liveris will get $52.8 million in cash, stock and other payments, while DuPont CEO Edward Breen will get $27.2 million,...

  • Honeywell said it expects 2017 sales of $42.2 billion to $43.2 billion. A merger would have created a behemoth, with nearly $100 billion in revenue, responsible for much of the equipment on commercial airliners and many military aircraft and raised concerns for companies like Airbus Group and Boeing Co, as well as the Pentagon. For 2016, the company expects...

  • *CME also considering bid for LSE- Bloomberg. March 1- New York Stock Exchange owner ICE said it may make a rival bid for London Stock Exchange, raising the prospect of a takeover battle with Deutsche Boerse and lifting LSE shares to a record high on Tuesday. LSE Chief Executive Xavier Rolet has been one of the most vocal advocates of consolidation.

  • *CME also considering bid for LSE- Bloomberg. March 1- New York Stock Exchange owner ICE said it may make a rival bid for London Stock Exchange, raising the prospect of a takeover battle with Deutsche Boerse and lifting LSE shares to a record high on Tuesday. Atlanta- based Intercontinental Exchange Inc said it had not yet approached LSE and may not pursue a deal at all,...

  • Shares in LSEG, which had a market capitalisation of $13 billion as on Monday, rose as much as 8.8 percent to a record high of 2914 pence on Tuesday morning. ICE is planning a counter bid for LSEG in an attempt to scuttle a merger with Deutsche Boerse, Bloomberg reported earlier on Monday citing sources. Atlanta- based ICE must make an offer for LSEG no later than March...

  • Feb 26- U.S. industrial conglomerate United Technologies on Friday rejected a $90.7 billion offer by rival aerospace supplier Honeywell International Inc, saying that pursuing a merger would be "irresponsible" toward its shareholders. United Tech's filing came hours after Honeywell spelled out the details of its $90.7 billion offer to acquire United Tech,...

  • Feb 26- Honeywell International Inc Chief Executive David Cote was sporting the casual jeans and sweater he often likes to wear in the office when he was visited by his then-counterpart at United Technologies Corp in 2012, Louis Chenevert. With Honeywell's stock trading at around $55, Chenevert had come to discuss offering $65 per share to merge the two U.S....

  • Feb 26- U.S. industrial conglomerate United Technologies Corp on Friday rejected a $90.7 billion offer by rival aerospace supplier Honeywell International Inc, saying that pursuing a merger would be "irresponsible" toward its shareholders. A combined company would have almost $100 billion in annual sales, and double-digit earnings growth after they slash...

  • *This time, Chris Hohn's TCI has a stake in LSE. LONDON, Feb 26- Eleven years after winning a high-profile battle to prevent Deutsche Boerse and the London Stock Exchange from merging, hedge fund TCI stands to gain if the latest round of talks between Europe's biggest exchanges leads to a deal. This time, though, TCI owns a stake in the London Stock Exchange and has done...

  • BRUSSELS, Feb 26- Italy's antitrust authority wants to decide the fate of telecoms firm Hutchison's plan to merge its Italian subsidiary with a unit of Vimpelcom, pitting it against the EU competition authority which is currently reviewing the case. The Italian watchdog has asked the European Commission, which has been scrutinizing Hutchison's proposal to...

  • Feb 26- Dow Chemical Co agreed to pay $835 million to settle a decade-long lawsuit on price fixing, saying it had less chance of winning its petition at the Supreme Court after the death of Justice Antonin Scalia. Dow, which is in the process of merging with Dupont, said on Friday it decided to settle, without admitting any wrongdoing, citing "growing political...

  • LONDON/ MILAN, Feb 26- Traders using the London Stock Exchange and Deutsche Boerse hope a merger between the two will result in lower costs for them, though some were skeptical any savings from the deal would be passed on. Europe's biggest financial exchanges announced this week that they were making a third attempt at a merger to create a European trading...

  • *Carsten Kengeter to lead company; Xavier Rolet to retire. LONDON, Feb 26- Europe's biggest financial exchanges said on Friday their proposed merger is effectively bullet-proofed against a British vote on European Union membership. If Britons were to vote to leave the EU, then even if trading volumes in stocks and other instruments moved out of London the likely...

  • Larry Bossidy: Honeywell, United Technology 'good combination'

    Larry Bossidy, former Honeywell chairman and CEO, weighs in on talks about a merger between United Technologies and Honeywell and the antitrust concerns about such a deal.

  • *Carsten Kengeter to lead company; Xavier Rolet to retire. LONDON, Feb 26- The chief executive of the London Stock Exchange, Xavier Rolet, is to retire after a planned merger with German rival Deutsche Boerse that will see the combined firm have its main listing in the British capital. With a British vote on European Union membership planned for June 23, the firms...

  • LONDON, Feb 26- The chief executive of the London Stock Exchange, Xavier Rolet, is to retire after a planned merger with German rival Deutsche Boerse that will see the combined firm have its main listing in the British capital. The group would be a UK Plc domiciled in London, but would also be listed on the Frankfurt Stock Exchange, the firms said in a statement on...

  • FRANKFURT/ LONDON Feb 25- Deutsche Boerse and the London Stock Exchange Group are counting on lessons learnt from past missteps and behind-the-scenes talks with politicians to make sure there are no barriers to finally creating a giant European trading house. The EU Commission has to approve the deal as well as regulators in Britain and in the German state of...

  • Antitrust lawyer on Honeywell-United Technologies overlaps

    Former head of the DOJ's antitrust division Christine Varney of Cravath, Swaine & Moore, discusses the potential merger of Honeywell and United Technologies.