Mergers and Acquisitions Mergers

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  • TOKYO, July 11- Talks between Japan's Idemitsu Kosan Co Ltd and its founding family on Monday did not yield any agreement regarding the family's opposition to the oil refiner's proposal to buy rival Showa Shell Sekiyu KK, the family's lawyer said. On Monday, Idemitsu Kosan President Takashi Tsukioka and colleagues met family members including Shosuke...

  • July 11- London Stock Exchange Group Plc and Deutsche Boerse are considering lowering the approval threshold they need to achieve from the German exchange's investors to push their deal through, as they try to keep the merger on track following Britain's vote to leave the European Union. "The fact that Deutsche Boerse is considering lowering the threshold...

  • July 11- London Stock Exchange Group Plc, whose shareholders overwhelmingly voted to approve a plan to merge with Deutsche Boerse, said on Monday the companies were evaluating the potential lowering of the approval threshold for the German Exchange's investors. Deutsche Boerse said on Sunday it was concerned that the 75 percent threshold for its...

  • FRANKFURT, July 10- Deutsche Boerse AG is considering lowering the approval threshold for its proposed merger with London Stock Exchange Group Plc from shareholders representing 75 percent of its shares, the German exchange said on Sunday. London Stock Exchange Group said on July 7 that the U.S. and Russian authorities had approved the $27 billion merger.

  • NEW YORK/ WASHINGTON, July 8- Aetna Inc executives met with top Justice Department antitrust officials on Friday to convince the government that asset sales it proposed would address potential competitive problems that could threaten its deal to buy rival Humana Inc, according to a source familiar with the matter. Aetna's plan to buy Humana would combine two...

  • SAO PAULO, July 8- A minority investor in Oi SA, Brazil's largest fixed-line phone carrier, has called for the replacement of most of its board after the company filed for the country's biggest-ever bankruptcy protection. Battle lines on the board remain from an ill-fated 2013 merger with Portugal Telecom, pitched as a lifeline for Brazil's struggling national...

  • SAO PAULO, July 8- A minority investor in Oi SA, Brazil's largest fixed-line phone carrier, has called for the replacement of most of its board after the company filed for the country's biggest-ever bankruptcy protection. Battle lines on the board remain from an ill-fated 2013 merger with Portugal Telecom, pitched as a lifeline for Brazil's struggling national...

  • July 8- U.S. municipal bond funds reported $738 million of inflows for the week ended July 6, according to Lipper data on Friday that was corrected from the previous day. As reported by Reuters on Thursday, the data appeared to be distorted by the merger of two state-specific funds run by American Funds into its broader Tax-Exempt Bond Fund of America.

  • BRUSSELS, July 8- CK Hutchison Holdings and Vimpelcom are set to win EU antitrust approval for their deal to merge their rival Italian mobile network operators after agreeing concessions to help a new competitor break into the market, two people familiar with the matter said on Friday. Approval of the 21.8- billion-euro deal to merge Hutchison's 3 Italia with...

  • LONDON, July 7- Royal Dutch Shell has changed its redundancy terms so it can claim tax refunds that some UK workers would otherwise have been able to claim on redundancy payments, internal documents seen by Reuters show. The move comes as the Hague- based oil giant is slashing 5,000 jobs this year following the collapse in oil prices and its merger with smaller UK...

  • July 8- Video conferencing equipment maker Polycom Inc said it agreed to be bought by a private equity firm for about $1.7 billion, scrapping a three-month old deal with Canada's Mitel Networks Corp.. The private equity firm, Siris Capital Group, offered $12.50 a share in cash for Polycom, representing a premium of 15 percent to Polycom's close on Thursday.

  • July 8- Video conferencing equipment maker Polycom Inc said it agreed to be bought by a private equity firm for about $1.7 billion, scrapping a three-month old deal with Canada's Mitel Networks Corp.. The private equity firm, Siris Capital Group, offered $12.50 a share in cash for Polycom, representing a premium of 15 percent to Polycom's close on Thursday.

  • July 7- London Stock Exchange Group said on Thursday that U.S. and Russian authorities had approved its $27 billion merger with Deutsche Boerse, giving it the first set of regulatory clearances needed to create a European exchange giant. LSEG shareholders and industry experts have also questioned the viability of the deal after Britain's shock vote to leave...

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  • FRANKFURT, July 5- Deutsche Boerse signaled on Tuesday that the headquarters of the European giant to be created from its merger with the London Stock Exchange Group may have to be outside the United Kingdom after the Brexit vote. However, Germany's financial market regulator said last week that London could not host the headquarters of the merged group once...

  • Deal-making in the U.K. suffered due to uncertainties in the lead up to, and surrounding, Britain's decision to quit the EU, according to a report.

  • *Third attempt by Iliad's Niel to expand outside France. BRUSSELS/ PARIS, July 4- France's Iliad is in exclusive talks on a deal to create a fourth Italian mobile telecoms operator that would smooth the way for CK Hutchison Holdings to merge its 3 Italia with Vimpelcom's Wind, sources close to the matter said on Monday. It is the third attempt by billionaire Xavier...