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Mergers and Acquisitions Mergers

  • *To create South Africa giant with 60 pct market share. JOHANNESBURG, Feb 13- South Africa's PPC Ltd proposed merging with its nearest rival Afrisam Group on Monday, in a renewed attempt to combine the two and an effort to lead consolidation. Shares in PPC, which is valued at about 11 billion rand and did not give details of the proposed merger, were up 2.29 percent at...

  • **South Africa's biggest cement maker PPC Ltd is in merger talks with its nearest rival Afrisam Group, seeking to overcome valuation squabbles that sunk previous tie-up efforts. **Japan's Kirin Holdings Co said it would sell its Brazilian unit to Heineken NV subsidiary Bavaria S.A. for 2.2 billion Brazilian reais. **Dalian Wanda Group, owned by China's richest man...

  • **South Africa's biggest cement maker PPC Ltd is in merger talks with its nearest rival Afrisam Group, seeking to overcome valuation squabbles that sunk previous tie-up efforts. **Japan's Kirin Holdings Co said it would sell its Brazilian unit to Heineken NV subsidiary Bavaria S.A. for 2.2 billion Brazilian reais. **Dalian Wanda Group, owned by China's richest man...

  • Despite uncertainties, the M&A scene will be active this year, says JPMorgan.

    A busy year from M&A plays is expected even amid uncertainties from China and Trump's administration, JPMorgan’s co-head of APAC M&A said.

  • SEOUL, South Korea— South Korean prosecutors summoned Samsung heir Lee Jae-yong for questioning over bribery allegations again on Monday, less than a month after a Seoul court rejected their request for his arrest. The merger helped Lee, the billionaire vice chairman of technology giant Samsung Electronics, promote a father-to-son transfer of leadership...

  • Enfimil infant formula, made by Mead Johnson Nutrition Co., sits on display in a supermarket in New York, U.S.

    Reckitt Benckiser has agreed to buy U.S. baby formula maker Mead Johnson Nutrition.

  • MILAN, Feb 10- European shares were slightly higher on Friday, on track to end the week in positive territory as healthy corporate earnings, solid economic data and merger activity helped set aside worries over the region's political stability. "Sentiment today is supported by good economic data from China, Italy and the UK... but the week has seen ups and downs as...

  • PARIS, Feb 10- Renault and alliance partner Nissan are ready to pursue a closer tie-up, Chief Executive Carlos Ghosn said on Friday, but not before the French state sells its stake in the French carmaker. Ghosn, who heads both manufacturers, said a 2015 stand-off over French government voting rights had persuaded Nissan that no further consolidation was possible...

  • People walk past an office building of health insurer Anthem in Los Angeles.

    Anthem will appeal a federal court ruling rejecting its $54 billion merger with Cigna and asked for an expedited hearing to make its case.

  • Judge blocks Anthem-Cigna merger

    A federal judge blocked Anthem's proposed $54-billion acquisition of its smaller rival Cigna.

  • Stocks to Watch: February 9, 2017

    Coca-Cola, Twitter, Anthem, and Cigna stocks are making headlines on Walll Street.

  • The U.S. Justice Department sued in July to stop Anthem's purchase of Cigna, a deal that would have created the largest U.S. health insurer by membership, and Aetna Inc's planned $33 billion acquisition of Humana. The merger would have worsened an already highly concentrated market and is likely to raise prices, Judge Amy Berman Jackson of the U.S. District Court...

  • SACRAMENTO, Calif.— Predicting diminished competition and likely higher costs, a federal judge rejected Anthem Inc.' s bid to buy rival health insurer Cigna Corp.. Last month, another federal judge rejected Aetna's roughly $34- billion bid to buy rival Humana, citing in part concerns about competition in hundreds of Medicare advantage markets.

  • People walk past an office building of health insurer Anthem in Los Angeles.

    The ruling marks another victory for anti-trust officials, who sued the companies in July last year to stop the deal.

  • The U.S. Justice Department sued in July to stop Anthem's purchase of Cigna, a deal that would have created the largest U.S. health insurer by membership, and Aetna Inc's planned $33 billion acquisition of Humana. The merger would have worsened an already highly concentrated market and is likely to raise prices, Judge Amy Berman Jackson of the U.S. District Court...

  • SACRAMENTO, Calif.— A federal judge on Wednesday rejected Anthem Inc.' s bid to buy rival health insurer Cigna Corp., saying the merger would likely lead to higher costs, less competition and diminished innovation. Last month, another federal judge rejected Aetna's roughly $34- billion bid to buy rival Humana, citing in part concerns about competition in...

  • Feb 8- A federal judge on Wednesday ruled against U.S. health insurer Anthem Inc's proposed $54 billion merger with smaller rival Cigna Corp, derailing an unprecedented effort to consolidate the country's health insurance industry. The U.S. Justice Department sued in July to stop Anthem's purchase of Cigna, a deal that would have created the largest U.S. health...

  • Feb 8- A U.S. federal judge on Wednesday blocked health insurer Anthem Inc's proposed $54 billion merger with smaller rival Cigna Corp, a deal that would have created the largest U.S. health insurer by membership. Cigna is entitled to receive from Anthem a reverse termination fee of $1.85 billion if the deal fails to win regulatory approval.

  • JUDGE BLOCKS MERGER OF ANTHEM INC AND CIGNA CORP- COURT ORDER.

  • The new Apple TV is displayed during an Apple media event in San Francisco, September 9, 2015.

    "Using an Apple TV is actually worse than using cable used to be," said Ross Gerber, CEO of Gerber Kawasaki.