Mergers and Acquisitions Mergers

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  • This transaction is about growth: Syngenta chairman Wednesday, 3 Feb 2016 | 2:26 AM ET
    This transaction is about growth: Syngenta chairman

    Michel Demaré, chairman of Syngenta, says the takeover deal with state-owned ChemChina is good value for shareholders.

  • ChemChina to buy Sygenta for $43 billion Wednesday, 3 Feb 2016 | 1:19 AM ET
    ChemChina to buy Sygenta for $43 billion

    CNBC's Julia Chatterley reports from Basel on Syngenta and the takeover deal by ChemChina, a Chinese state-owned company.

  • *Andrew Liveris orchestrated $130 bln merger with rival DuPont. Feb 2- Dow Chemical's chief executive Andrew Liveris, fresh from orchestrating a $130 billion merger with U.S. rival DuPont, on Tuesday announced plans to retire by mid-2017, a step he takes after years of pitched battles with an activist shareholder unhappy with his leadership.

  • Dow Chemical CEO Liveris to retire by mid-2017 Tuesday, 2 Feb 2016 | 11:44 AM ET
    Andrew N. Liveris, CEO of The Dow Chemical Company.

    Dow Chemical reported better-than-expected quarterly profit on higher margins and that its CEO will retire by mid-2017.

  • *Q4 earnings/shr 93 cents vs est 70 cents. *Shares up as much as 4 pct at $44.46. Activist investor Daniel Loeb of hedge fund Third Point has been calling for the removal of Liveris from the merged company.

  • *Q4 earnings/shr 93 cents vs est 70 cents. *Shares up as much as 4 pct at $44.46. Dow is targeting an additional $300 million from cost savings in 2016, building on the $345 million it realized last year, Chief Financial Officer Howard Ungerleider said on a post-earnings call.

  • *Q4 earnings/shr 93 cents vs est 70 cents. *Shares up 3.3 pct at $44 premarket. Shares of the company, which is merging with DuPont, were up 3.3 percent at $44 in premarket trading.

  • NEW YORK— Dow Chemical on Tuesday reported a surge in its fourth-quarter profit on gains from the sale of its chlorine operations and lower costs from sinking oil prices. The profit boost comes as the Midland, Michigan- based company moves toward closing a merger with DuPont Co. in the second half of the year that would create a giant chemical company.

  • Expect M&A from ALL big oil firms: Top analyst Monday, 1 Feb 2016 | 2:32 PM ET
    Oil barrels sinking in oil

    Evercore ISI's Doug Terreson expects all oil majors to do a big deal, starting in the first half of this year.

  • Inversion deals: Greed, or good business? Sunday, 31 Jan 2016 | 9:04 AM ET
    Johnson Controls

    Nearly 50 U.S. companies have used inversions to reincorporate overseas in recent years. Is it good business or greed?

  • MADRID, Jan 29- The potential tie-up between Spanish energy firm Gamesa and Siemens's wind business would involve the German engineering group owning just over half, a source directly involved in the talks said. "It is roughly a merger of equals. The source added that the corporate headquarters of the combined entity would be located in Spain.

  • US energy M&A hits 5-year low amid 'survival mode' Thursday, 28 Jan 2016 | 9:00 AM ET
    An oilfield worker fills his truck with water at a filling station before heading to a drilling site in the Permian Basin oil field on January 20, 2016 in the oil town of Andrews, Texas.

    Dealmaking in America's oil patch plunged in Q4 as corporations preserved cash in the face of falling crude prices and tight capital markets.

  • Such a deal would accelerate Rome's push for consolidation of Italy's banks, although it would be tricky to pull off as Popolare di Milano is already in the advanced stages of merger talks with Banco Popolare, the sources said. As well as helping Rome deliver on its promises to overhaul Italy's banking system, it would ensure Monte dei Paschi stays in Italian...

  • Jan 26- DuPont Chief Executive Edward Breen said on Tuesday that anti-trust regulators were likely to show "very little" concern about the company's pending merger with Dow Chemical Co and were not expected to seek significant asset sales. Dupont and Dow plan to form a giant chemical and seed producer that would have a market value of about $95 billion at current...

  • Jan 26- Chemicals and seed producer DuPont is unlikely to have to make significant asset sales to get regulatory clearance for its merger with Dow Chemical Co, DuPont CEO Edward Breen told Reuters. DuPont and Dow are merging to form a behemoth with an estimated combined market value of about $95 billion as of Monday's closing. Analysts have speculated that the...

  • Huntington Bancshares to buy FirstMerit Tuesday, 26 Jan 2016 | 9:24 AM ET
    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 Tuesday, 26 Jan 2016 | 1:30 AM ET
    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...