Mergers and Acquisitions Mergers

More

  • *LSE confirms holding detailed talks on merger. LONDON/ FRANKFURT, Feb 23- Deutsche Boerse and the London Stock Exchange are taking a fresh run at a merger that would create a large European exchange operator potentially capable of facing down strong competition from the United States and Asia. Shares in both exchange operators jumped on the news, with LSE shares...

  • UTX-HON deal not dead yet: Pro

    I think there is a path forward, says Lisl Dunlop, Manatt, Phelps & Phillips, talking about possible antitrust issues if Honeywell and United Technologies merged and areas where it would make sense.

  • No deal for UTX/HON

    Deane Dray, RBC Capital Markets, discusses what a deal between United Technologies and Honeywell would mean for shareholders, the aerospace industry and the antitrust issues it could trigger.

  • Feb 22- United Technologies Corp on Monday disclosed merger talks with fellow aerospace component supplier Honeywell International Inc but said a deal would "face insurmountable regulatory obstacles." A merger of the two firms would create a behemoth with combined sales of more than $90 billion, a company responsible for a huge amount of equipment on...

  • Earlier, CNBC reported a deal would create a company with combined sales of more than $90 billion, merging a maker of jet engines with a supplier of airplane cockpits. United Technologies, which like many multinationals has been hurt by a strong dollar, unveiled a $1.5- billion restructuring plan to cut costs in December, citing slowing growth in China and...

  • A deal would create a company with combined sales of more than $90 billion. United Tech's shares were up 8 percent at $94.82 in afternoon trading, while Honeywell's were up 1.7 percent at $109. United Technologies spokesman John Moran declined comment.

  • Feb 22- Honeywell International Inc and United Technologies Corp have held talks about a merger, CNBC reported, citing people familiar with the situation. A deal would create a company with combined sales of more than $90 billion. The discussions occurred within the last two weeks and were focused on a deal in which Honeywell offered a premium, largely in stock...

  • SAO PAULO/ ZURICH, Feb 19- Grupo BTG Pactual SA is in talks to combine its Swiss-based private-banking unit with EFG International AG in a transaction that could be announced as early as next week, two sources with knowledge of the plan said on Friday. Shares in EFG were up 2.4 percent at 6.74 Swiss francs in Zurich at 1146 GMT. Zurich- based EFG and BTG Pactual agreed...

  • SAO PAULO/ ZURICH, Feb 19- Grupo BTG Pactual SA is in talks to combine its Swiss-based private-banking unit with EFG International AG in a transaction that could be announced as early as next week, two sources with knowledge of the plan said on Friday. Zurich- based EFG and BTG Pactual agreed not to adjust the value of the deal should BSI have to pay a fine related to a...

  • SAO PAULO/ ZURICH, Feb 19- Grupo BTG Pactual SA is in talks to combine its Swiss-based private-banking unit with EFG International AG in a transaction that could be announced as early as next week, two sources with knowledge of the plan said on Friday. Zurich- based EFG and BTG Pactual agreed not to adjust the value of the deal should BSI have to pay a fine related to a...

  • FRANKFURT, Feb 16- Drinks can makers Ball Corp and Rexam Plc have begun the process of selling assets, potentially worth more than $3 billion, to meet antitrust regulations ahead of their planned merger, several people familiar with the matter said. Ball said last week that it expects to close the merger in the first half of 2016, after receiving conditional...

  • Orange, Bouygues wouldn’t be straightforward deal

    Equinox Business Consulting director, Dave Millett says Orange and Bouygues deal would be more of a “carve-up” than a merger deal.

  • *Shell completes $53 billion acquisition. LONDON, Feb 15- Royal Dutch Shell on Monday sealed the $53 billion acquisition of British rival BG Group to form the world's top liquefied natural gas company, even as slumping oil prices cast a shadow on the upcoming years of transition. The success or otherwise of the complex merger will define the legacy of Shell Chief...

  • Healthcare consolidation not over: Nemours Capital

    David Benayoun, portfolio manager and founder at Nemours Capital, discusses the current state of the M&A activity, with specific reference to healthcare.

  • FRANKFURT, Feb 12- Nokia's best days of growth may be behind it for the foreseeable future, but what keeps investors on board one of Europe's biggest technology stocks is the progress it is making to deliver more consistent profits and shareholder returns. "Under good management, which I believe Nokia has, the operating margin of Alcatel's side of the business...

  • Banco Popolare and Banca Popolare di Milano are ready to announce a merger to create Italy's No. 3 bank if regulators give the green light.

  • How is regulation affecting Zurich?

    George Quinn, CFO of insurance-broker Zurich, says the changes that have happened to the regulatory regime are justified.

  • NEW YORK, Feb 10- New York Governor Andrew Cuomo on Wednesday urged federal regulators to block KeyCorp's plan to acquire First Niagara Financial Group Inc, saying the merger would impede retail banking competition and cost thousands of jobs upstate. The request, unusual for a sitting governor, came 3-1/ 2 months after Cleveland- based KeyCorp announced plans to...

  • NEW YORK, Feb 9- Shareholders of the former GFI Group Inc may pursue a lawsuit accusing two top executives of fraudulently causing them to sell their stock prematurely as part of a plan to take the firm's main brokerage unit private, a federal judge ruled on Tuesday. District Judge William Pauley in Manhattan said former GFI Chairman Michael Gooch, former Chief...

  • *Lonmin focused on turning cash positive. CAPE TOWN, Feb 9- Platinum producer Lonmin will not "shy away" from any merger or takeover but for now the company is focused on its plan to survive tough market conditions, its chief executive said on Tuesday. Should it be of benefit to our shareholders and stakeholders it's not something we would shy away from, "CEO Ben Magara...