×

Mergers and Acquisitions Acquisitions

  • The former Wilmington executives are President Robert Harra, Chief Financial Officer David Gibson, Controller Kevyn Rakowski and Chief Credit Officer William North. Prosecutors accused the defendants of hiding Wilmington's deteriorating finances from October 2009 to November 2010, resulting in the company's takeover by Buffalo, New York- based M&T Bank...

  • SAO PAULO, Sept 22- The Brazilian unit of U.S.-based commodities trader Bunge Ltd said on Friday it reached an agreement to acquire a minority stake in Agrícola Alvorada, a mid-sized grains trader located in Brazil's top soy producing state of Mato Grosso. Bunge said in a statement that the deal will strengthen its grains sourcing activities in Brazil.

  • Sept 22- Phillips 66 Partners LP said on Friday it would buy pipeline and other assets from parent Phillips 66 in a $2.4 billion deal that strengthens the master limited partnership's presence in the prolific Bakken basin. The company is acquiring a 25 percent interest in two of the refiner's pipelines in the Bakken basin- Dakota Access LLC and Energy Transfer...

  • Sept 22- Phillips 66 Partners LP, the master limited partnership of Phillips 66, said it would buy assets from the refiner in a deal valued at $2.4 billion, including debt, in its biggest acquisition ever. The MLP said it would buy a 25 percent interest in two of the refiner's pipelines in the Bakken basin, and a 100 percent interest in the Merey Sweeny LP coke...

  • Google strikes $1.1 billion deal with HTC

    CNBC's Deirdre Bosa reports details of Google's deal with HTC's Pixel division.

  • TOKYO, Sept 21- Asahi Group Holdings, Japan's largest brewer, is ready to spend "billions of dollars" on acquisitions, having spent $11 billion over the past year to acquire beer brands across Europe from Anheuser-Busch InBev. Asahi president Akiyoshi Koji said "bolt-on" acquisitions in Europe, including beer makers and distributors, were a priority, as the company...

  • FRANKFURT, Sept 21- Lufthansa is interested in acquiring as many as 80 planes from rival Air Berlin with its priority on securing planes it already leases, the group's chief executive said. Lufthansa is competing with several other airlines for parts of Air Berlin, including easyJet and Thomas Cook's Condor, with bidders especially interested in its Niki...

  • SYDNEY, Sept 21- Commonwealth Bank of Australia has agreed to sell its life insurance unit to Hong Kong- based AIA Group for $3.1 billion, in the biggest Asian buyout of an Australian financial firm. The deal, which ranks among the top 10 insurance M&A in the Asia Pacific region excluding Japan, will see AIA acquiring CBAs life insurance business in Australia and...

  • *HTC to hold press conference at 0200 GMT. HONG KONG/ TAIPEI, Sept 21- Alphabet Inc's Google is set to announce a deal to acquire part of Taiwanese firm HTC Corp's smartphone operations for about $1 billion, a source with direct knowledge of the matter said on Thursday. HTC said in a filing to the stock exchange that it would hold a news conference at 10:00 a.m. Taipei...

  • HONG KONG/ TAIPEI, Sept 21- Alphabet Inc's Google is set to announce a deal to acquire part of Taiwanese firm HTC Corp's smartphone operations for about $1 billion, a source with direct knowledge of the matter said on Thursday. The deal will not involve the purchase of a direct stake and HTC will continue to run its remaining smartphone business, the source said,...

  • Albertsons' expansion into meal kits, which deliver fresh ingredients and recipes to subscribers, comes less than a month after Amazon.com Inc's entry into the grocery market with its acquisition of Whole Foods Market. Albertsons said Plated meal kits would be offered at its store locations, online, and through a variety of distribution options.

  • FRANKFURT/ HELSINKI, Sept 20- Finnish power company Fortum is in advanced talks to buy for 3.8 billion euros German utility E.ON' s remaining stake in Uniper, the power stations and trading business it spun off last year. State-controlled Fortum is focused on carbon-free power generation, mainly in the Nordic region and Russia, and has been looking for a deal since...

  • 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...

  • 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...

  • John Legere

    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.

  • Northrop Grumman to buy Orbital ATK in $7.8B deal

    The "Squawk on the Street" news team talks about Northrop's deal to acquire missile maker Orbital ATK.

  • Northrup buying Orbital for about $7.8 billion

    CNBC's Morgan Brennan takes a closer look at Northrop Grumman's bid to buy Orbital for about $134.50 per share.

  • An artist's concept of Northrop Grumman's Long Range Strike Bomber.

    CNBC's Andrew Ross Sorkin reports details of Northrop's bid to buy Orbital in a deal valued at $134.50 per share.