Mergers and Acquisitions Acquisitions

NEW DELHI/ MUMBAI, Aug 20- A consortium led by Russian oil major Rosneft will announce on Monday completion of a $12.9 billion deal to acquire Indian private refiner Essar Oil, strengthening ties between the world's largest oil producer and the fastest growing fuel consumer. The purchase is the biggest foreign acquisition ever in India and Russia's largest...

HONG KONG/ BEIJING, Aug 17- CEFC China Energy, which has grown from a niche oil trader to a sprawling energy conglomerate, is in talks to acquire a stake in Russian state oil giant Rosneft, three people with direct knowledge of the discussions said. Russia has overtaken Saudi Arabia as China's biggest oil supplier, and Rosneft is by far Russia's biggest and most...

Aug 16- The energy unit of Warren Buffett's Berkshire Hathaway Inc said on Wednesday it will "stand firm" on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not increase its offer. Elliott Management Corp, the largest creditor of Oncor's bankrupt parent Energy Future Holdings Corp, has tried to best Berkshire's offer for...

Aug 16- The energy unit of Warren Buffett's Berkshire Hathaway Inc said on Wednesday it will "stand firm" on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not increase its offer. Elliott Management Corp, the largest creditor of the bankrupt parent of Oncor Electric Delivery Co, has tried to best Berkshire Hathaway Inc's...

NEW YORK, Aug 16- Swiss digital currency exchange ShapeShift AG said on Wednesday it has acquired Seattle- based KeepKey Holder LLC, a maker of devices known as digital wallets, in an all-bitcoin deal. KeepKey's wallet, which sells for about $100, stores digital currencies. ShapeShift's chief executive officer, Erik Voorhees, said in an interview the acquisition...

MOSCOW, Aug 16- The acquisition of a 51 percent stake in Russia's Eurasia Drilling Co by U.S. oilfield services giant Schlumberger "has big problems" in the current political situation, the head of Russia's competition watchdog said on Wednesday. Schlumberger applied to the watchdog for approval to buy the stake in late July in a deal which is widely seen as...

KHOBAR, Saudi Arabia, Aug 16- Saudi Basic Industries Corp has completed the purchase of the 50 percent that it did not already own in its petrochemical venture with Shell Arabia, a unit of Royal Dutch Shell, for $820 million, SABIC said on Wednesday. "Completion of this deal shows the clear momentum behind Shells global, value-driven $30 billion divestment...

CARACAS, Aug 15- Canadian miner Crystallex is seeking to seize shares in a subsidiary of Venezuelan state oil company PDVSA that owns U.S. refiner Citgo as part of a dispute over Venezuela's 2008 takeover of the Las Cristinas gold mine, according to court filings. Crystallex on Monday asked the U.S. District Court in Delaware to attach shares in Delaware- based PDV...

VF said it now expects its 2017 revenue to rise 3.5 percent to $11.85 billion, which includes about $200 million from Williamson-Dickie. VF, the maker of Timberland and Wrangler clothing, said it also expects the acquisition to add 2 cents to its current-year earnings forecast of $2.94 per share. Barclays was VF's financial adviser on the deal and Davis Polk and...

VF said it now expects its 2017 revenue to rise 3.5 percent to $11.85 billion, which includes about $200 million from Williamson-Dickie. VF, the maker of Timberland and Wrangler clothing, said it also expects the acquisition to add 2 cents to its current-year earnings forecast of $2.94 per share. Barclays was VF's financial adviser on the deal and Davis Polk and...

LONDON/ PARIS, Aug 11- Chinese food commodities trader COFCO International is restructuring operations in Europe which will involve relocation and job cuts, as the state owned firm continues to integrate businesses it bought three years ago, sources say. COFCO group, which owns trading arm COFCO International, agreed in 2014 to acquire Rotterdam-...

TOKYO, Aug 10- Cash-strapped Toshiba Corp has staved off delisting after its accounting won auditor approval, albeit with a stern rebuke, leaving its listed status largely dependent on whether it can complete the stalled sale of its chip business by March. "It's cleared the first hurdle," said Makoto Kikuchi, chief executive at Myojo Asset Management.

NEW YORK, Aug 10- Payments firm PayPal Holdings Inc has agreed to acquire online lending company Swift Financial in a bid to expand its business that provides working capital to merchants. PayPal has been offering short-term loans to its smaller merchants through a division called PayPal Working Capital since 2013. The company has lent more than $3 billion to...

*Headquarters will be in U.S., international base in UK. Shares in Worldpay, Britain's biggest payment provider, closed 1.28 percent higher at 388.5 pence after Wednesday's announcement of the deal, which marks the second biggest takeover of a British company this year after China Investment Corporation's $13.8 billion purchase in June of London- based...

*Cash profit A $9.88 bln vs A $9.83 bln analyst f'cast. Australia's mortgage leader flagged the sale of its life insurance business and hiked dividends, sending its shares sharply higher, but any good news was eclipsed by the fallout of bombshell criminal allegations. The comments from the chairwoman of Australia's second-biggest lender struck a different...

LONDON— Payments processor Vantiv has agreed to buy British rival WorldPay in an 8 billion pound deal that will create a giant in the sector. Vantiv, based in Cincinnati, Ohio, will pay 3.97 pounds a share in cash, stock and dividends for Worldpay, 24 percent more than the closing price on July 3, when news of the talks became public. The takeover will combine Vantiv's...

LONDON, Aug 9- U.S. credit card processing company Vantiv moved closer to creating a $29 billion global payments powerhouse on Wednesday with a formal offer to buy Britain's Worldpay for 8 billion pounds. The combined company will be renamed "Worldpay" and will be headquartered in Cincinnati with a primary listing in New York and a secondary listing in London.

*Cash profit A $9.88 bln vs A $9.83 bln analyst f'cast. Australia's mortgage leader flagged the sale of its life insurance business and hiked dividends, sending its shares sharply higher, but any good news was clouded by the ongoing fallout of bombshell criminal allegations. The comments from the chairwoman of Australia's second-biggest lender struck a...