Mergers and Acquisitions Mergers

  • *Investigation linked to merger of Samsung Group affiliates. *Some 30 lawmakers break away from ruling Saenuri Party. SEOUL, Dec 21- South Korea on Wednesday issued an arrest warrant for a daughter of the woman at the centre of President Park Geun-hye's corruption scandal and investigators raided the National Pension Service over possible links to the scandal.

  • *Investigation linked to merger of Samsung Group affiliates. *Some 30 lawmakers break away from ruling Saenuri Party. SEOUL, Dec 21- South Korea on Wednesday issued an arrest warrant for a daughter of the woman at the center of President Park Geun-hye's corruption scandal and investigators raided the National Pension Service over possible links to the scandal.

  • FRANKFURT, Dec 20- German industrial gases group Linde and U.S. suitor Praxair have agreed an outline for a $65 billion- plus merger, with the combined company to be run out of the United States by Praxair's chief executive. The agreement, unveiled on Tuesday, comes after Praxair provided new assurances to Linde over jobs and corporate governance in Germany,...

  • The Justice Department said it approved the deal on condition that AMC and Carmike divest theaters in 15 markets and take steps to ensure that National Cinemedia and Screenvision, the two companies that make and sell pre-show advertising entertainment, remain viable. The Justice Department expressed two concerns over the merger. The first had to do with loss...

  • BRUSSELS, Dec 20- The European Commission has charged Facebook Inc with providing misleading information during its takeover of the online messaging service WhatsApp, opening the company to a possible fine of 1 percent of its turnover. However, the statement of objections sent to Facebook will not affect the EC's approval of the $22 billion merger in 2014, the...

  • FRANKFURT, Dec 20- German industrial gases group Linde and U.S. suitor Praxair have agreed an outline for a $65 billion- plus merger, with the combined company to be run out of the United States by Praxair's chief executive. The agreement, unveiled on Tuesday, comes after Praxair provided new assurances to Linde over jobs and corporate governance in Germany,...

  • Rite Aid to sell 865 stores to Fred's, stock jumps

    The drugstore chain says it plans to sell 865 stores to Fred's for $950 million in cash.

  • LONDON/ FRANKFURT, Dec 20- A merger of German container shipping line Hapag-Lloyd and United Arab Shipping Company is likely to take months to complete, partly due to financing issues blamed on a deep industry downturn, sources familiar with the deal say. Hapag-Lloyd signed a binding agreement with UASC in July to form the world's fifth-largest line, valued at...

  • *LSE says sale to Euronext subject to European Commission review. London Stock Exchange Group Plc and Deutsche Boerse said on Tuesday that LSE was in discussions about selling the French subsidiary of LCH.Clearnet to address anti-trust concerns raised by the European Commission in relation to their planned merger. LSE and Deutsche Boerse also hope that...

  • *CEO to be based at Praxair HQ in Connecticut. FRANKFURT, Dec 20- Linde AG, the German company that revived merger talks this month with U.S. rival Praxair Inc, has come to an agreement with its counterpart on key aspects of an all-share deal to create a $65 billion industrial gases group. Under the proposed merger, existing Linde and Praxair shareholders would each...

  • *Would create 2nd- largest bank in Qatar, largest Islamic bank. DUBAI/ DOHA, Dec 19- Qatari banks Masraf Al Rayan, Barwa Bank and International Bank of Qatar have begun initial talks for a potential merger, the banks said on Monday, in a deal that would create the Gulf state's second-largest bank. Masraf Al Rayan is already the second-largest bank in Qatar by market...

  • Dec 19- Delta Air Lines Inc said on Monday it would end its codeshare agreement with Alaska Air Group Inc as the latter would focus on its merger with Virgin America Inc.. Delta said the sales of flights under DL- and AS-coded flight numbers flown on Delta and Alaska aircraft respectively would cease, effective May 1. Delta and Alaska codeshare on only a small number...

  • The move comes after Danbury, Connecticut- based Praxair provided new assurances to Munich, Germany- based Linde over corporate governance and jobs, the sources said. Its previous bid to create a $65 billion industrial gas giant failed in September amid disagreements over these issues. German unions IG BCE and IG Metall have struck a deal with Linde's...

  • From left Amazon founder Jeff Bezos, Alphabet CEO Larry Page, and Facebook COO Sheryl Sandberg listen during a meeting with technology industry leaders at Trump Tower in New York, NY on Wednesday, Dec. 14, 2016.

    Most technology CEOs that met with Donald Trump this week have been silent — and that says a lot, Swisher said.

  • He bought Viacom through a hostile takeover in 1987, and later added Paramount Pictures and CBS. He split Viacom from CBS in 2006.. The announcement that Redstone is stepping down from the board came just days after he and Shari Redstone withdrew a proposal for CBS and Viacom to explore a merger.

  • LONDON, Dec 16- European stocks climbed to an 11- month high on merger and acquisition speculation on Friday, while the dollar's rally paused as investors adjusted their portfolios to cope with any faster-than-expected increases in U.S. interest rate. Japan's Nikkei gained 0.7 percent after rising to a one-year peak on the export prospects from a weaker yen.

  • Marissa Mayer, chief executive officer of Yahoo! Inc.

    The wireless provider may explore a price cut or possible exit from the $4.83 billion deal, according to Bloomberg.

  • MILAN, Dec 15- Popolare di Vicenza and Veneto Banca are preparing to sell 8 billion euros in bad loans, the head of credit manager Credito Fondiario said on Thursday, as the two Italian regional banks study a possible merger. The two lenders held 8.5 billion euros in bad debts at the end of June, out of a total of 17 billion euros in doubtful loans- which represent 38...

  • Irene Rosenfeld, CEO of Mondelez International

    Kraft-Heinz is planning to acquire Mondelez, which is currently in the midst of a $3 billion cost saving program, according to a report.

  • Dec 14- Boutique investment banks have grabbed a record share of the global merger and acquisition fee pool off larger Wall Street rivals this year but their stock price performance is trailing bigger peers. M&A levels have slowed and without major lending and trading desks, these firms are not in line for the sort of boost their larger rivals are expected to...