×

Mergers and Acquisitions Acquisitions

  • July 6- The energy unit of Warren Buffett's Berkshire Hathaway Inc is nearing a deal to acquire Oncor Electric Delivery Company LLC, which would allow the utility to exit a three-year-long bankruptcy, according to people familiar with the matter. Berkshire Hathaway Energy's deal for Dallas- based Oncor would come after the Public Utility Commission of Texas...

  • Warren Buffett's Berkshire Hathaway Energy has neared a deal to acquire Oncor, with details coming as soon as Thursday.

  • LJUBLJANA, July 6- Slovenian generic drugs producer Krka said it was in talks to buy a small Chinese pharmaceutical company as it announced a 31 percent rise in first-half profit on Thursday. Krka reported a net profit of 91.7 million euros for the first half of the year, according to an initial estimate with final figures due to be released on July 27.

  • July 6- Private equity firm Centerbridge Partners L.P. said on Thursday it would buy enterprise software companies Syncsort Inc and Vision Solutions Inc from Clearlake Capital Group L.P. for $1.26 billion. Evercore ISI and Jefferies Group were financial advisers to Syncsort and Vision Solutions, while Bank of America Merrill Lynch and Credit Suisse were...

  • July 6- Private equity firm Centerbridge Partners L.P. said it would buy enterprise software companies Syncsort Inc and Vision Solutions Inc from Clearlake Capital Group L.P. for $1.26 billion. Clearlake Capital will merge the two firms and sell a significant stake in the combined company to Centerbridge. Clearlake will retain a "meaningful" stake in the...

  • July 5- Halliburton Co said on Wednesday it has acquired oilfield equipment supplier Summit ESP Inc, a move that helps the third largest oilfield services company by revenue enhance its presence in the artificial lift business. Tulsa, Oklahoma- based Summit ESP, which is backed by Oklahoma energy and banking billionaire George Kaiser, makes electric...

  • July 5- Oilfield services provider Halliburton Co said on Wednesday it would buy oilfield equipment supplier Summit ESP Inc, which is backed by Oklahoma energy and banking billionaire George Kaiser. Tulsa, Oklahoma- based Summit ESP makes pumps used to maintain well pressure to increase oil and gas production in aging wells. The company has expanded quickly in...

  • *Robert Parker Wine Advocate was set up in 1978. PARIS, July 5- Michelin, the tyre giant and owner of the Michelin gourmet restaurant guide, has bought a 40 percent stake in the Robert Parker Wine Advocate- the fine wine guide of influential critic Robert Parker. Parker, who has had an unprecedented impact on the world of wine through his 100- point scoring system that...

  • *Amazon/Whole Foods deal positive for Ocado, CEO says. LONDON, July 5- British online grocer Ocado has seen a pick-up in enquiries from U.S. supermarket groups interested in possible partnership deals in the wake of Amazon's $13.7 billion deal to buy Whole Foods, its boss said on Wednesday. Amazon's takeover of Whole Foods has brought renewed focus on online...

  • NEW YORK, July 4- A new fund led by Greystar Real Estate Partners, the largest operator of apartments in the United States, will acquire luxury U.S. apartment developer Monogram Residential Trust Inc in a deal valued at about $3 billion, the companies said on Tuesday. Plano, Texas- based Monogram owns, operates and develops luxury apartment communities in coastal...

  • OSLO, July 4- Norway's sovereign wealth fund has acquired a 49- percent stake in an office and retail building in Washington D.C. for $190.8 million, in a joint venture with real estate partner Oxford Properties Group, the fund said on Tuesday. It was the second joint transaction with Oxford Properties in as many days. It has properties in London, Paris and New York,...

  • Quite rush for M&A in emerging markets: GSAM - Expect less deals from Chinese companies

    Sheila Patel, CEO of International at Goldman Sachs Asset Management, says that there has been a "quiet rush for M&A in the emerging markets."

  • Challenging to find assets that justify the price

    CNBC's Gemma Acton discusses appetite for mergers and acquisitions in 2017 so far.

  • WASHINGTON, July 3- Chipmaker Broadcom Limited has won U.S. antitrust approval to buy Brocade Communications Systems, the Federal Trade Commission said on Monday. The $5.5 billion deal, which already has won approval in Europe and Japan, is the latest in the chip industry as companies bulk up in response to growing demand for chips in connected devices and cars.

  • WASHINGTON, July 3- Chipmaker Broadcom Limited has won U.S. antitrust approval to buy Brocade Communications Systems with conditions, the Federal Trade Commission said on Monday.

  • July 3- Bankrate, an operator of websites comparing personal finance packages, said it would be acquired by marketing company Red Ventures for $1.24 billion. Bankrate shareholders will receive $14 per share, representing a 9 percent premium to the stock's Friday closing. The deal has an enterprise value of $1.4 billion.

  • There are reasonable people in the White House, Wilbur Ross in particular

    Paul Myners, vice chairman at Global Counsel, discusses investing in the U.S. given potential fiscal policy changes as well as why the U.K. is in "permanent garage sale state."

  • The board set July 19 as the record date for the spinoff of Brighthouse Financial Inc, with shares to be distributed on Aug. 4, subject to approval by the U.S. Securities and Exchange Commission, the company said. On Wednesday, Delaware insurance regulators approved Brighthouse's request to acquire key MetLife businesses operating in Delaware and do business in...

  • June 30- Warren Buffett's company will become the biggest shareholder in Bank of America Corp, after Berkshire Hathaway Inc on Friday invoked its right to acquire 700 million shares of the second-largest U.S. bank. Berkshire will take a roughly 7 percent ownership stake, worth about $17 billion based on Bank of America's closing price of $24.32 on Thursday.

  • *mySugr one of numerous diabetes apps. ZURICH, June 30- Roche has bought Vienna- based diabetes management platform mySugr for an undisclosed price, the Swiss drugmaker said on Friday, joining a crowd of companies expanding app-based digital health services. It has been working with Roche since 2014 and previously got funding from Roche's Venture Fund.