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Mergers and Acquisitions Mergers

  • Viacom-CBS deal breakdown

    National Amusements asks the boards of CBS and Viacom to discontinue their exploration of a potential combination, CNBC's Julia Boorstin reports.

  • NEW YORK, Dec 12- Sumner Redstone's National Amusements said Monday it has stopped pushing its media properties CBS and Viacom to merge, citing progress by Viacom's new leadership, in place only a few weeks. CBS shares rose 1.8 percent, touching a nearly 2-1/ 2 year high after CNBC cited a report that Verizon Communications Inc was interested in buying the company.

  • NEW YORK, Dec 12- Sumner Redstone's National Amusements said Monday it has stopped pushing its media properties CBS and Viacom to merge, citing progress by Viacom's new leadership, in place only a few weeks. CBS shares rose 1.2 percent. While Viacom and CBS never entered negotiations around pricing, the two parties were far apart on what Viacom could be valued in a...

  • NEW YORK, Dec 12- Sumner Redstone's privately-held National Amusements on Monday withdrew its merger proposal for CBS and Viacom, citing prospects for a turnaround at Viacom under its new leadership. CBS shares were down 3 percent at $60.69. The letter also said " CBS continues to perform exceptionally well under Les Moonves," the company's longtime CEO.

  • FRANKFURT, Dec 12- European Union competition regulators have whittled down their concerns about the merger of Deutsche Boerse and London Stock Exchange Group to focus mainly on clearing of derivatives contracts, two sources familiar with the situation said. The EU's executive European Commission, which must approve the merger for it to go ahead, is due to...

  • NEW YORK, Dec 12- Sumner Redstone's privately-held National Amusements on Monday withdrew its merger proposal for CBS and Viacom, according to three sources familiar with the situation who wished to remain anonymous. CBS shares were down 3.6 percent at $60.33. Shari Redstone and her father, 93- year-old Sumner Redstone, control 80 percent of CBS and Viacom...

  • Dec 12- Shari Redstone, vice chair of Viacom Inc and the daughter of controlling shareholder Sumner Redstone, has withdrawn her support for a merger between CBS Corp and Viacom, CNBC reported on Monday.

  • *Latest move in Qatar energy sector to reduce costs. DOHA, Dec 11- Qatar will merge state-owned liquefied natural gas producers Qatargas and RasGas Co Ltd, the chief executive of Qatar Petroleum said on Sunday, in the Gulf state's latest reaction to lower energy prices. While Qatar is more focused on gas than oil, it too has been forced into reorganisations, with QP...

  • The primary disputes in Friday afternoon's testimony were whether traditional Medicare, which is managed by the government, competes with Medicare Advantage, run by insurers, and whether Aetna pulled out of some public Obamacare exchanges out of anger after the department filed its lawsuit. The government has shown that once a person signs up for Medicare...

  • Labor leader Jeremy Corbyn speaks during a live TV debate on June 20, 2016 in London, England.

    Sky said, however, a formal offer has not been made, nor is there any certainty that Fox will make an offer to acquire Sky.

  • *Europe and Asia's top banana distributors to join forces. DUBLIN, Dec 9- Japan's Sumitomo Corp has agreed to buy Fyffes for 751 million euros in a deal that will merge the largest banana distributors in Asia and Europe and provide a windfall to shareholders in the Irish company. Sumitomo said it had secured acceptances from 27 percent of shareholders, including...

  • Fundamental problem is lack of profitability of banks in Italy

    Gianluca Corradi, head of UK banking practice at Simon-Kucher, discusses the Italian banking system and possible solutions to its lack of capital.

  • Trump will be positive for M&A: EY

    Steve Krouskos, global vice chair of transaction advisory services at EY, predicts 2017 to be record year for M&A in terms of volume.

  • BOSTON, Dec 8- Dupont Chief Executive Ed Breen said on Thursday the incoming administration of U.S. While Trump was critical of other large mergers during the campaign, Breen said many U.S. Justice Department officials reviewing the merger are career employees. European Union antitrust regulators said on Nov. 9 they had received key data from the companies and...

  • Pandora radio

    The strategy could give Pandora leverage if satellite radio company SiriusXM pursues serious negotiations about a potential deal.

  • FRANKFURT, Dec 7- Germany's Linde agreed to revive talks with U.S. rival Praxair to create a $65 billion industrial gases giant which will have its main operations run from Connecticut, two sources familiar with the deal said on Wednesday. But a combined company will have its operating base in Danbury, Connecticut, where Praxair is headquartered and Praxair's...

  • WASHINGTON, Dec 7- AT&T Inc's planned $85.4 billion acquisition of Time Warner Inc will increase innovation and bring "better-priced options" to consumers upset by high cable bills, AT&T Chief Executive Randall Stephenson told lawmakers on Wednesday. Senator Al Franken, also a Democrat, expressed the same concern and pressed Time Warner CEO Jeffrey Bewkes on...

  • LONDON, Dec 7- Tata Steel UK offered British unions a deal guaranteeing jobs and investment on Wednesday in return for pension cuts, moving the company closer to merging its European assets with Germany's Thyssenkrupp. Britain's largest steelmaker offered to guarantee production at the country's largest steel plant in Port Talbot, Wales, for five years, and to...

  • FRANKFURT, Dec 7- German industrial gases group Linde has invited U.S. rival Praxair to resume merger negotiations after Praxair offered concessions on the division of power in the combined entity, defusing a dispute which led to the collapse of talks two months ago. At the same time Linde's chief executive Wolfgang Buechele has stepped down with immediate...

  • FRANKFURT, Dec 7- German industrial gases group Linde on Wednesday invited U.S. rival Praxair to negotiate a merger of equals after Praxair defused some contentious issues that had led to the failure of an initial approach. Linde also said after a meeting of its supervisory board on Wednesday that its Chief Executive Wolfgang Buechele would step down sooner...