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Mergers and Acquisitions Mergers

  • *Citi business's EBITDA $46 mln, revenue $107 mln in 2016. *LSE sees $30 mln in revenue synergy benefits in first 3 years. May 30- London Stock Exchange is to buy Citigroup's Yield Book fixed-income analytics service and its related indexing business for $685 million in cash, the LSE's first big deal since its merger with Deutsche Boerse fell through in March.

  • SAUDI'S ALAWWAL BANK PICKS JPMORGAN TO ADVISE ON MERGER - SOURCES.

  • DUBAI, May 29- Saudi Arabian lender Alawwal Bank, 40 percent owned by Royal Bank of Scotland, has picked JPMorgan to advise it on a proposed merger with Saudi British Bank, sources familiar with the matter told Reuters on Monday. Senior management of SABB and Alawwal held talks with advisers on Sunday to discuss the principle of the merger and timeframe for its...

  • WILMINGTON, Del., May 26- Private equity firms paid fair value for PetSmart Inc when they bought the retailer for $8.7 billion in 2015, a Delaware judge ruled on Friday, dealing a blow to hedge funds that try to wring cash from merger deals through a strategy known as appraisal. BC Partners Inc led a consortium of private equity investors that acquired PetSmart for...

  • MUNICH, May 26- German industrial gases group Linde's supervisory board is due to vote on a merger agreement with U.S. peer Praxair on June 1, two people close to the matter told Reuters on Friday. The all-share merger of equals, intended to create a market leader that will overtake France's Air Liquide, had fallen behind schedule because of the complexity of talks...

  • MUNICH, May 26- German industrial gases group Linde's supervisory board is due to meet on Thursday to vote on a merger agreement with U.S. peer Praxair, two people familiar with the matter told Reuters on Friday. One of the people said there were still some unanswered questions regarding the deal, without providing details. The two companies said on Wednesday they...

  • Edgar Bronfman's venture plays

    Edgar Bronfman Jr., Accretive LLC, talks about creating value for companies, and explains how Global Thermostat works.

  • Time Inc. 'begging to be a media company': Edgar Bronfman

    Edgar Bronfman Jr., Accretive LLC, and former Warner Music Group CEO, shares his thoughts on Time Inc.'s likely future.

  • Music is a 'compelling' content story: Edgar Bronfman

    Edgar Bronfman Jr., Accretive LLC, and former Warner Music Group CEO, weighs in on the allure of music streaming. Consumers love music and ultimately it is better under a subscription model, says Bronfman.

  • Media content and distribution is a tough marriage: Edgar Bronfman

    Edgar Bronfman Jr., Accretive LLC, and former Warner Music Group CEO, provides insight to the media landscape and why there could be difficulties ahead as consolidation occurs in the industry.

  • CHICAGO, May 24- Shares of Bunge Ltd scaled to a 22- month peak on Wednesday after merger overtures by Glencore Plc's agriculture unit whetted investors' appetite for consolidation in the commodities sector. Meanwhile, foreign players like Glencore and China's Cofco Group are eager to gain a foothold in the United States- the world's top agricultural products...

  • CHICAGO, May 24- Commodity trader Glencore Plc's confirmation on Tuesday that it sought a tie up with grains trader Bunge Ltd likely signals the start of a wave of consolidation and partnering in the industry, as middlemen struggle to make profits amid a massive global food glut. Bunge and other top grains traders-- who make money by buying, selling, storing,...

  • *Says plan can help cos exceed save more than $3 bln post merger. May 24- Activist investor Daniel Loeb's Third Point LLC said Dow Chemical and DuPont could unlock $20 billion in additional value by tweaking their plan to split into three companies following their merger. Third Point had a 1.29 percent stake as of March 31, making it Dow's seventh-largest investor,...

  • May 24- Activist investor Daniel Loeb's Third Point LLC said Dow Chemical and DuPont could create $20 billion in additional shareholder value by tweaking their plan to split into three companies following the merger. The $130- billion merger is expected to close in August, after which the combined company will split into three, focusing on agriculture,...

  • May 24- Activist investor Daniel Loeb's Third Point LLC weighed in on the DowDuPont merger, suggesting the companies could create $20 billion of additional value by "optimizing" their plan to combine and then split into three companies. The $130- billion merger between Dow Chemical and DuPont is expected to close in August after which the combined company will...

  • *AGM on May 29 to approve $400 mln cash call. FRANKFURT, May 24- Hapag-Lloyd and Arab sector peer UASC are focused on speedy integration, Hapag's chief executive said after the German company announced completion of their delayed merger to creates the world's fifth-biggest shipping company. "We now not only have a very strong market position in Latin America and...

  • Proton Holdings Saga vehicles move along the assembly line at the company's factory in Shah Alam, Selangor, Malaysia.

    Chinese automaker Geely will be taking a 49.9 percent stake in Malaysia's iconic, home-grown, but long-struggling carmaker Proton.

  • CHICAGO, May 24- Commodity trader Glencore Plc's confirmation on Tuesday that it sought a tie up with grains trader Bunge Ltd likely signals the start of a wave of consolidation and partnering in the industry, as middlemen struggle to make profits amid a massive global food glut. Bunge and other top grains traders-- who make money by buying, selling, storing,...

  • *Merged entity fits Beijing push for SOE consolidation. HONG KONG/ BEIJING, May 23- Chinese state-owned Sinochem and ChemChina are in merger talks to create the world's biggest industrial chemicals firm, to be headed by Sinochem chief Ning Gaoning, four people with knowledge of the negotiations said. A deal could be announced by the end of the year, the people said,...

  • LONDON/ DUBAI, May 23- Gulf-based bidders have emerged for the part-owned subsidiary of United Arab Shipping Company whose sale is key to finalizing the merger between UASC and German container shipping line Hapag Lloyd, sources close to the matter said. Last week, sources told Reuters that Hapag Lloyd was close to completing the 7- 8 billion-euro merger after...