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Mergers and Acquisitions Divestments

  • WASHINGTON, Oct 17- General Electric has agreed to make payments to the U.S. government after failing to divest a subsidiary as quickly as agreed following a merger approval, the Justice Department said on Tuesday. The department, which did not say how big the payments are, said that they are to begin on Jan. 1 and continue "until the divestitures in each...

  • BERLIN— German pharmaceutical giant Bayer AG has reached a 5.9 billion euro deal to sell parts of its Crop Science unit to German chemical company BASF to alleviate regulatory concerns over its planned takeover of U.S. seed and weed-killer company Monsanto Co.. Monsanto last year accepted an offer from Bayer to pay $57 billion to its shareholders and assume $9...

  • Oct 10- Pfizer said on Tuesday it was considering the sale or spin-off of its consumer healthcare business, shaking up the industry and potentially putting a headache pill to lip balm operation worth some $15 billion up for grabs. The move comes as Germany's Merck KGaA is also looking to divest its non-prescription products, including brands such as Seven Seas...

  • Oct 10- Pfizer said on Tuesday it was considering the sale or spin-off of its consumer healthcare business, shaking up the industry and potentially putting a headache pill to lip balm operation worth some $15 billion up for grabs. The move comes as Germany's Merck KGaA is also looking to divest its non-prescription products, including brands such as Seven Seas...

  • Oct 10- Pfizer said on Tuesday it was considering the sale or spin-off of its consumer healthcare business, shaking up the industry and potentially putting a headache pill to lip balm operation worth as much as $14 billion up for grabs. The move comes as Germany's Merck KGaA is also looking to divest its non-prescription products, including brands such as Seven...

  • Oct 9- U.S. industrial conglomerate Honeywell International Inc said on Monday it would disclose the results of its portfolio review before markets open on Tuesday. Honeywell is resisting pressure from activist hedge fund Third Point LLC, which has urged the company to spin off its entire aerospace division, a move Third Point believes could create $20...

  • Oct 8- Honeywell International Inc plans to spin off non-core assets and create at least two new publicly listed companies, as the U.S. industrial conglomerate seeks to streamline its business, according to people familiar with the matter. The move would represent the first major shakeup at the Morris Plains, New Jersey- based company since Darius Adamczyk...

  • Laredo and private equity firm Energy& Minerals Group said they would sell the unit, Medallion Gathering& Processing LLC, for $1.83 billion to infrastructure fund Global Infrastructure Partners. Williams Capital Group analyst Gabriele Sorbara said Laredo's estimated net proceeds of $825 million missed the brokerage's expectation of $892 million and...

  • JAKARTA/ TORONTO, Sept 29- Freeport-McMoRan Inc, the world's second-largest publicly traded copper company, strongly disagrees with a proposed divestment plan by the government of Indonesia, according to a company letter reviewed by Reuters on Friday. The Sept. 28 letter to Indonesia's finance ministry reflects persistent and deep divisions between...

  • JAKARTA/ TORONTO, Sept 29- Freeport-McMoRan Inc, the world's second-largest publicly traded copper company, strongly disagrees with a proposed divestment plan by the government of Indonesia, the company said in a Sept. 28 letter to the state. Freeport, which agreed in late August to divest a 51- percent stake in its Indonesian operations to the government under a...

  • JAKARTA/ TORONTO, Sept 29- Freeport-McMoRan Inc, the world's second-largest publicly traded copper company, strongly disagrees with a proposed divestment plan by the government of Indonesia, the company said in a Sept. 28 letter to the state. Freeport, which agreed in late August to divest a 51- percent stake in its Indonesian operations to the government under a...

  • JAKARTA/ TORONTO, Sept 29- Freeport-McMoRan Inc, the world's second-largest publicly traded copper company, strongly disagrees with a proposed divestment plan by the government of Indonesia, the company said in a Sept. 28 letter to the state. Freeport, which agreed in late August to divest a 51- percent stake in its Indonesian operations to the government under a...

  • JAKARTA/ TORONTO, Sept 29- Freeport-McMoRan Inc, the world's second-largest publicly traded copper company, strongly disagrees with a proposed divestment plan by the government of Indonesia, the company said in a Sept. 28 letter to the state. Freeport, which agreed in late August to divest a 51- percent stake in its Indonesian operations to the government under a...

  • FREEPORT PROPOSES INITIAL DIVESTMENT OF MAJORITY STAKE IN INDONESIAN UNIT AS SOON AS POSSIBLE VIA IPO, FULL DIVESTMENT OVER YEARS-LETTER.

  • FREEPORT MAINTAINS ANY DIVESTMENT MUST REFLECT FAIR MARKET VALUE OF INDONESIAN UNIT THROUGH TO 2041 VS GOVT'S PROPOSAL OF 2021- LETTER.

  • Sept 29- Carlyle Group LP signed a definitive agreement to sell Klenk Holz AG, its German building materials unit, to Binderholz GmbH, the private equity firm said on Friday. The terms of the deal, which is expected to close by the end of the year, were not disclosed in a Carlyle statement. http://bit.ly/2fDMW5j. Carlyle acquired Klenk Holz in 2013 from a trust of...

  • TOKYO, Sept 28- Japan's Toshiba Corp said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key- albeit not its last- hurdle as it scrambles for funds to stave off a potential delisting. "This consortium has so many members that it is going to be hard to come to consensus and agree on who's going to take...

  • TOKYO, Sept 28- Japan's Toshiba Corp said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key- albeit not its last- hurdle as it scrambles for funds to stave off a potential delisting. It can go back to being a normal company, "said Hideki Yasuda at Ace Research Institute. Pressure from the Japanese...

  • TOKYO, Sept 28- Japan's Toshiba Corp said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key- albeit not its last- hurdle as it scrambles for funds to stave off a potential delisting. Pressure from the Japanese government, changing alliances among suitors and a slew of revised bids has drawn out...

  • TOKYO, Sept 28- Toshiba Corp has signed a deal to sell its chip unit to a consortium led by Bain Capital LP for 2 trillion yen, overcoming a key hurdle as it scrambles for funds to stave off a potential delisting. Toshiba's board agreed last week to sell the unit, the world's second biggest producer of NAND chips, to the Bain group. However, the signing was delayed because...