×

Mergers and Acquisitions Acquisitions

  • June 8- Yahoo Inc shareholders on Thursday approved the company's pending sale of its core internet business to Verizon Communications Inc for $4.48 billion, according to preliminary results from a shareholder meeting. Yahoo expects that the deal will close on June 13, 2017. The company also said it extended a tender offer to buy back up to $3 billion shares to...

  • Jim Cramer

    A private Nordstrom would allow more spending to keep up with Amazon without getting killed by the investment community, Jim Cramer says.

  • Banco Popular deal made sense for Santander: Analyst

    John Raymond, senior analyst for European banks at Creditsights, speaks about the rationale behind Santander's move to rescue fellow Spanish bank Banco Popular.

  • Interest flying around Alitalia

    Class CNBC's Claudia Pensotti updates on the potential for Italian airline Alitalia to be bought up by one of its competitors.

  • MADRID, June 7- Spanish bank Santander on Wednesday said it would buy struggling rival Popular for one euro and carry out a capital increase of around 7 billion euros to cover the capital and provisions required to boost Popular's finances. Struggling under the weight of 37 billion euros of non-performing real estate assets left over from Spain's financial...

  • JOHANNESBURG, June 6- Datatec Ltd unveiled plans on Tuesday to sell its Westcon-Comstor American operations to Synnex Corp, a deal worth up to $800 million that allows the South African IT firm to offload part of a problematic business. Westcon-Comstor, a distributor of technology and services for network security and data centres mostly in the United States,...

  • June 2- Gigamon Inc, a U.S. network monitoring software maker targeted by activist hedge fund Elliott Management Corp, is preparing to hold talks with potential suitors interested in acquiring it, according to people familiar with the matter. Riverbed Technology, now owned by Thoma Bravo, bought Gigamon competitor Opnet in 2012 for $1 billion.

  • ST PETERSBURG, Russia, June 2- A $13 billion takeover by Russian oil major Rosneft of India's Essar Oil should close this month after delays caused by debts to Indian lenders, the head of State Bank of India said on Friday, adding she had "more or less" approved the deal. "There is a very real possibility this deal will close shortly and we expect to see this happening very...

  • BEIJING, June 2- Wu Xiaohui, the chairman of Anbang Insurance Group Co Ltd, is free to travel, a spokesman for the Chinese insurer said on Friday, denying a report that Wu had been prevented from leaving China. Anbang has emerged as one of China's most aggressive buyers of overseas assets in the past two years, spending more than $30 billion acquiring luxury hotels,...

  • JOHANNESBURG, June 2- South African telecoms operator Vodacom Group said on Friday its second biggest shareholder, the Public Investment Corporation, will vote in favor of its 34.6 billion rand takeover of Kenya's Safaricom. The PIC, which includes the Government Employees Pension Fund, holds a 15.63 percent interest in Vodacom Group. UK- based group Vodafone...

  • June 2- French crystal maker Baccarat said on Friday that Chinese investment group Fortune Fountain Capital has signed a commitment to acquire an 88.8 percent stake in the company from U.S investment firms Starwood Capital Group and L Catterton. Under the terms of the agreement Fortune Fountain Capital would pay 222.70 euros per share, valuing the company at...

  • June 1- Satellite builder OneWeb Ltd will look for other acquisitions or partnerships after a proposed takeover of Intelsat SA fell through, OneWeb founder and Executive Chairman Greg Wyler said on Thursday. OneWeb is among a handful of startups planning to build, launch and operate thousands of small satellites to provide internet access worldwide and...

  • June 1- Deere& Co said on Thursday it would buy privately held German company Wirtgen Group for about $4.88 billion to expand its road construction operations as it looks to cut down its dependence on its slowing farm business. Deere's share rose 3.1 percent to $126.29 in premarket trading, and were set to open at their highest ever. "The acquisition will help Deere...

  • AMSTERDAM, June 1- U.S. paints and coatings maker PPG Industries has dropped its attempt to buy Dutch rival Akzo Nobel in a 26.3 billion euro deal, stung by repeated rejections from the company, legal defeats and hostility from Dutch politicians. Although it has retained its independence, Akzo must make good on promises it made to appease shareholders unhappy...

  • AMSTERDAM, June 1- U.S. paints and coatings maker PPG Industries has dropped its attempt to buy Dutch rival Akzo Nobel in a 26.3 billion euro deal, stung by repeated rejections from the company, legal defeats and hostility from Dutch politicians. Although it has retained its independence, Akzo must make good on promises it made to appease shareholders unhappy...

  • AMSTERDAM, June 1- U.S. paints and coatings maker PPG Industries will not launch a formal bid for Dutch rival Akzo Nobel after repeated informal offers were rejected, it said on Thursday. In April, PPG had proposed a takeover deal then worth about 26.3 billion euros, or 95 euros per share. A large group of Akzo Nobel shareholders led by hedge fund Elliott Advisors on...

  • *Company could unload assets worth $50 bln. ZURICH, May 31- Novartis does not need a big acquisition to kick-start growth, Chief Executive Joe Jimenez told investors on Wednesday, playing down suggestions he could use proceeds from a slew of asset sales for a significant takeover. "Obviously, there's been a lot of speculation because that would be a lot of capital,"...

  • MOSCOW/ HONG KONG, May 31- A consortium of investors led by China's Fosun International Ltd will buy a 10 percent stake in Russia's top gold producer Polyus for $887 million, they said on Wednesday. Russia, the world's third largest gold producer, has been looking for investments in Asia, mainly in China, since the West imposed sanctions on Moscow due to its role in the...

  • MOSCOW, May 31- Russian tycoon Suleiman Kerimov's family said on Wednesday they were selling 10 percent of Russia's top gold producer Polyus to a consortium of investors led by China's Fosun International Ltd for $887 million. Polyus Gold International Limited said in a statement that it would sell 12,561,868 Polyus shares to the Fosun-led consortium for...

  • NEW YORK, May 30- First Data Corp has agreed to acquire smaller payments processing peer CardConnect Corp in a deal worth around $750 million, the companies said on Tuesday. First Data will pay $15.00 per share in cash for CardConnect, whose stock jumped to as much as $15.15, indicating some investors expect a better offer. The deal would be the largest acquisition...