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Mergers and Acquisitions Acquisitions

  • 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...

  • BUDAPEST, May 30- Warsaw led a retreat in central European shares as investors, underwhelmed by dividend payments and takeover offers announced by some companies on Tuesday, booked profits from the multi-year highs of recent weeks. Bucharest retained its momentum and again set a new nine-year high on Tuesday, but Warsaw had shed 1.2 percent and Prague 0.6...

  • BUDAPEST, May 30- Warsaw lead a retreat of Central European shares as investors, underwhelmed by dividend payments and takeover offers announced by some companies on Tuesday, booked profits from multi-year highs of recent weeks. Bucharest retained its momentum and again set a new nine-year high on Tuesday, but Warsaw shed 1 percent, Prague 0.6 percent and...

  • PPG having a board meeting to decide whether to go hostile

    CNBC's Gemma Acton updates with the latest on a proposed takeover of Dulux maker AkzoNobel by PPG.

  • May 26- Soft drink maker PepsiCo Inc is in talks to acquire All Market Inc, the owner of coconut water brand Vita Coco, whose celebrity investors include Madonna and Matthew McConaughey, people familiar with the matter said on Friday. PepsiCo did not respond to a request for comment, while Vita Coco declined to comment. Founded in 2004 by two childhood friends in New...