Mergers and Acquisitions
Acquisitions
Sept 20- Toys "R" Us Inc has been making $400 million in interest payments on its debt every year, largely due to its $6.6 billion leveraged buyout in 2005. The bankruptcy filing was the culmination of an unsuccessful seven-month effort by Toys "R" Us to find relief from its $5.2 billion debt pile, according to bankruptcy court filings and people familiar with the...
Sept 20- Toys "R" Us Inc has been making $400 million in interest payments on its debt every year, largely due to its $6.6 billion leveraged buyout in 2005. The bankruptcy filing was the culmination of an unsuccessful seven-month effort by Toys "R" Us to find relief from its $5.2 billion debt pile, according to bankruptcy court filings and people familiar with the...
Jim Cramer says three tie-ups, including the potential deal between T-Mobile and Sprint, justified his bullishness in a red-hot market.
FRANKFURT/ BRUSSELS, Sept 19- German chemicals group BASF has strengthened its nylon business by agreeing to buy the global polyamide business from Belgian rival Solvay for 1.6 billion euros. The acquisition complements BASF's engineering plastics portfolio and enhance its access to key growth markets in Asia and South America, BASF said on Tuesday.
SAN FRANCISCO— The Valero Energy petroleum company says it is giving up plans to acquire the last independently owned petroleum terminal in the San Francisco Bay Area. California Attorney General Xavier Becerra had sued to block the transaction. Becerra says Valero's purchase of the Plains All American Pipeline facility would have put all three Northern...
The "Squawk on the Street" news team talks about Northrop's deal to acquire missile maker Orbital ATK.
CNBC's Morgan Brennan takes a closer look at Northrop Grumman's bid to buy Orbital for about $134.50 per share.
CNBC's Andrew Ross Sorkin reports details of Northrop's bid to buy Orbital in a deal valued at $134.50 per share.
*Dangote Cement interested in acquiring all of PPC's shares. JOHANNESBURG, Sept 14- Africa's richest man Aliko Dangote has joined the race to buy South African cement maker PPC, which is already the subject of a takeover bid valuing the company at $700 million. Dangote Cement, which is controlled by Dangote and is the biggest cement maker in Africa with a capacity...
LONDON, Sept 14- Rupert Murdoch's Twenty-First Century Fox Inc will have to prove it can uphold broadcasting standards in Britain to secure its $15 billion takeover of broadcaster Sky following concerns over his Fox News operations. Britain's Culture and Media Secretary Karen Bradley on Thursday referred the bid to the Competition and Markets Authority...
President Donald Trump blocked a Chinese-backed private equity firm from buying a U.S.-based chipmaker on Wednesday, sending a clear signal to Beijing that Washington will oppose takeover deals that involve technologies with potential military applications. Canyon Bridge Capital Partners' planned $1.3- billion acquisition of Lattice Semiconductor...
Jim Cramer dishes out a message to the chowderheads who violated his top rule of investing.
Jim Cramer dishes out a message to the chowderheads who violated his top rule of investing.
President Donald Trump blocked a Chinese-backed private equity firm from buying a U.S.-based chipmaker on Wednesday, sending a clear signal to Beijing that Washington will oppose takeover deals that involve technologies with potential military applications. Canyon Bridge Capital Partners' planned $1.3- billion acquisition of Lattice Semiconductor...
WASHINGTON, Sept 13- The Federal Reserve on Wednesday approved the purchase of Scottrade Financial Services by Toronto-Dominion Bank, as had been expected.
TOKYO— Toshiba's long meandering sale of its computer memory business took another turn Wednesday, as the Japanese nuclear and electronics company's announcement of a deal with a consortium was immediately met with opposition from U.S. joint venture partner Western Digital. But Western Digital has begun legal action, opposing the sale to anyone else.
Sept 12- Health insurer Centene Corp said on Tuesday it would buy New York- focused, privately held Fidelis Care for $3.75 billion. The acquisition would help Centene expand its government sponsored healthcare coverage with a leadership position in New York, the country's second largest managed care state by membership, the company said.
*UK to widen scope of regulatory scrutiny. *UK worried about standards at Fox News. LONDON, Sept 12- Rupert Murdoch's planned $15 billion takeover of European broadcaster Sky was thrown into doubt on Tuesday when Britain toughened its stance on the deal over concerns about standards at his U.S. Fox News network.
RIYADH, Saudi Arabia— The Kingdom Holding Company, run by Saudi billionaire Prince Alwaleed bin Talal, says it will acquire from Credit Agricole a 16.2 percent stake in Banque Saudi Fransi in a deal valued at around $1.5 billion. Kingdom Holding is acquiring the stake from Credit Agricole SA's corporate and investment banking arm, positioning Alwaleed's...
*Plans to announce $18.3 bln deal on Wednesday- report. Tokyo, Sept 12- Japan's embattled Toshiba Corp is still in discussions with various parties over the $18 billion sale of its memory chip business just a day before its latest, self-imposed deadline, people involved in the talks told Reuters on Tuesday. Earlier on Tuesday, the Nikkan Kogyo business daily...
