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Mergers and Acquisitions Mergers

  • LONDON/ FRANKFURT, May 18- German shipping line Hapag Lloyd is close to completing a merger with United Arab Shipping Company after UASC's shareholders agreed terms to repay outstanding debts, sources familiar with the talks told Reuters. It would give Hapag Lloyd access to bigger ships on the major Asia to Europe trade route. Sources also told Reuters in March...

  • NEW YORK, May 17- OneWeb, the U.S. satellite startup backed by Japan's SoftBank Group Corp, has increased its merger proposal for Intelsat SA by offering Intelsat's creditors a smaller discount for their bonds than it had before. "We're at the absolute limit on what we're prepared 1/ 8 to offer 3/ 8 for this business, and we're simply not willing to negotiate any further,"...

  • *Patheon shares surge 33.5 pct to $34.70 premarket. Shares of Patheon were up about 33 percent in premarket trading, just shy of the offer price of $35 per share, representing a premium of about 35 percent to Patheon's Friday close. The contract research space is in the midst of a wave of consolidation with INC Research Holdings Inc last week saying it would merge...

  • Vishal Harnal, 500 Startups, weighs in on consolidation in the Indian e-commerce market as companies deal with Amazon's entry to the market.

  • SAO PAULO, May 12- B3 Bolsa Balcão Brasil SA, Brazil's largest exchange operator, posted a 56 percent drop in quarterly net income on Friday due to the costs of a merger creating the company out of rivals BM&FBovespa SA and Cetip SA Mercados Organizados. Net profit fell from a year earlier to 209 million reais, far below a Thomson Reuters consensus of 504 million...

  • NEW YORK, May 12- Anthem Inc on Friday called off a $54 billion deal to buy Cigna Corp, one day after the second-largest U.S. health insurer lost a Delaware business court ruling that could have kept alive the chances of a combination. Anthem and Cigna have been in legal disputes since the U.S. Justice Department won its case to block the merger that would have created...

  • NEW YORK, May 12- Anthem Inc said on Friday it notified Cigna Corp that their $54 billion merger deal was off after it lost a Delaware business court ruling on Thursday and also said it would not pay Cigna a $1.85 billion merger break-up fee. Cigna was suing in Delaware to terminate the merger while Anthem pursued appeals of the antitrust decision.

  • NEW YORK, May 12- Anthem Inc said on Friday it notified Cigna Corp that the $54 billion merger deal was off after it lost a Delaware business court ruling on Thursday and also said it would not pay Cigna the $1.85 billion merger break-up fee. Anthem and Cigna have been in legal disputes since the U.S. Justice Department won its case to block the merger of the two health...

  • French tycoon Vincent Bollore took a first step on Thursday in his attempt to merge media giant Vivendi and advertising company Havas, two groups he controls through his family-run conglomerate.

  • Judge Travis Laster of Delaware's Court of Chancery denied Anthem's request for a preliminary injunction but stayed implementation of his ruling until noon on Monday to give the insurer time to decide if it will pursue an appeal to the Delaware Supreme Court. The U.S. Justice Department and 11 states sued last year to stop the $54 billion merger, which would...

  • DELAWARE JUDGE DENIES ANTHEM INC'S REQUEST FOR PRELIMINARY INJUNCTION, ALLOWING CIGNA CORP TO END $54 BLN MERGER.

  • PARIS, May 11- French tycoon Vincent Bollore took a first step on Thursday in his attempt to merge media giant Vivendi and advertising company Havas, two groups he controls through his family-run conglomerate. Vivendi said it was making an offer to buy Group Bollore's 60 percent stake in advertising group Havas for 9.25 euros a share, a premium of 8.8 percent over...

  • *Liveris to retire as chairman of DowDuPont in July 2018. *Investments include expanding Dow's Texas cracker. 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.

  • 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.