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Mergers and Acquisitions Mergers

  • May 11- Dow Chemical Co, which is merging with DuPont, said Chief Executive Andrew Liveris would retire as chairman of the combined DowDuPont company in July 2018. Liveris said in February 2016 he would retire by mid-2017, following a prolonged battle with hedge fund manager Daniel Loeb, who had been questioning his leadership. The investment plans include the...

  • NEW YORK, May 11- Intelsat SA on Thursday extended for a second time a deadline for its bondholders to decide whether to accept a haircut on their holdings, a concession necessary for the debt-laden satellite operator's merger with its peer OneWeb Ltd.. The deadline for a bond swap that would cut creditors' debt was extended until Monday, May 15, Luxembourg- based...

  • NEW DELHI, May 11- Five trade unions at top coal producers in India will go on a three-day strike in June to protest against a proposed merger of the coal miners' provident fund with the employees' provident fund, they said. Barring those on emergency duty, all workers will join the strike, Rajendra Prasad Singh of the Indian National Trade Union Congress said.

  • Customers enter a Verizon Wireless store in New York.

    Verizon won an intense bidding war to buy Straight Path for more than $3 billion, the Wall Street Journal reported, citing sources.

  • *Core profit 5.55 bln euros vs 5.48 bln in Reuters poll. FRANKFURT, May 11- T-Mobile US will very likely be part of merger talks in the United States and its strong position there should give it time to find the best fit, its parent Deutsche Telekom said on Thursday. "Purely theoretically, we can see several advantages to consolidation and convergence," Deutsche...

  • May 10- SoftBank's bid to merge its satellite technology startup with Intelsat SA teetered on Wednesday, as some Intelsat creditors held up the deal and a few made a last-minute offer to rescue it, people familiar with the matter said. The merger is contingent upon an offer to Intelsat creditors to accept a $3.6 billion haircut on their bonds, which is set to expire...

  • A woman wears Snapchat's Spectacles on the floor of the New York Stock Exchange during the company's initial public offering in New York, March 2, 2017.

    The hardware represents a tiny fraction of total Snaps.

  • By Georgina Prodhan and Jörn Poltz. MUNICH, May 10- The chairman of German industrial gases group Linde got an effective green light on Wednesday for his long-desired $70 billion merger with U.S. peer Praxair despite a protest vote by shareholders dismayed at the way he is pushing it through. Wolfgang Reitzle was endorsed by 94.47 percent of shareholders at...

  • *Cuts dividend to 4 cents/ shr from 19 cents. The company's decision not to sell itself also ended speculation about a merger with U.S. broadcasting and publishing group Meredith Corp, which according to a source, had offered Time $18 per share. Chief Executive Richard Battista faced pointed questions on a post-earnings call, with investor and billionaire hedge...

  • MUNICH, May 10- The chief executive of German industrial gases group Linde defended a planned $70 billion merger with U.S. peer Praxair at the company's annual shareholder meeting, despite fierce trade union opposition that has raised investor concerns. Aldo Belloni said on Wednesday the merger would create value "for everyone involved, especially for you the...

  • MUNICH, May 10- German industrial gases group Linde expects to complete its planned $70 billion merger of equals with U.S. peer Praxair in 2018 if negotiations are successfully completed, Chief Executive Aldo Belloni told shareholders on Wednesday. The planned all-share deal has met unexpectedly strong opposition from labor representatives, including...

  • Abercrombie & Fitch is working with an investment bank to field takeover interest from other retailers, sources said on Tuesday.

  • MUNICH, Germany, May 9- The chairman of German industrial gases group Linde expects its merger agreement with U.S. peer Praxair to be finalized within weeks, he told Reuters, reiterating his determination to get the deal done despite union opposition. Negotiations to create a global leader with a market value of about $70 billion have made slower progress than...

  • LONDON, May 9- French companies have spent more on overseas acquisitions so far this year than in the same period over the past decade, marking a sharp rebound from 2016, Thomson Reuters data released on Tuesday showed. Outbound merger and acquisition activity by French firms has reached $40.8 billion so far in 2017, up from less than $5 billion over the same...

  • LONDON, May 9- French companies have spent more on overseas acquisitions so far this year than in the same period over the past decade, marking a sharp rebound from 2016 when political uncertainty limited their appetite for doing major deals, Thomson Reuters data shows. Outbound merger and acquisition activity by French firms has reached $40.8 billion so far in...

  • LONDON, May 9- French companies have spent more on overseas acquisitions so far this year than in the same period over the past decade, marking a sharp rebound from 2016 when political uncertainty limited their appetite for doing major deals, Thomson Reuters data shows. Outbound merger and acquisition activity by French firms has reached $40.8 billion so far in...

  • LONDON, May 9- French companies have spent more on overseas acquisitions so far this year than in the past decade, marking a sharp rebound from 2016 when political uncertainty limited their appetite for doing major deals, Thomson Reuters data shows. Outbound merger and acquisition activity by French firms has reached $40.8 billion so far in 2017, up from less...

  • NEW YORK, May 8- Verizon Communications Inc does not see an urgent need to undertake a big strategic merger or acquisition, its chief executive said on Monday, as some Wall Street analysts have urged the wireless company to do. Some analysts believe Verizon needs a more transformative acquisition than its $4.48 billion deal for Yahoo Inc's core business to...

  • NEW YORK, May 8- With the U.S. stock market near record highs, hedge fund managers presented ideas that largely depend on rising property values and corporate mergers for growth at a high-profile investment event in New York on Monday. Shares in Toronto- listed DHX Media Ltd, which owns rights to popular children's television shows including "Bob the Builder" and "...

  • WILMINGTON, Del./ WASHINGTON, May 8- Health insurer Anthem Inc asked a Delaware judge on Monday to give it more time to try to win approval for a merger with rival Cigna Corp, which is seeking to end the deal and collect a $1.85 billion break-up fee. Anthem asked Vice Chancellor Travis Laster of Delaware's Court of Chancery to grant a 60- day preliminary injunction...