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Mergers and Acquisitions Divestments

  • LONDON/ MADRID, Oct 26- Banco Santander is nearing a deal to sell its U.S. unit TotalBank to Chile's Banco de Crédito e Inversiones, two sources familiar with the matter told Reuters, in a move to clean up its balance sheet by shedding non-core assets. BCI owns City National Bank of Florida and was recently in talks with TotalBank's former owner Banco Popular, the...

  • Oct 26- General Electric Co is exploring divesting its transportation and healthcare information technology businesses, as it seeks to reshape its portfolio under new Chief Executive John Flannery, people familiar with the matter said. Such a move would help GE to meet more than half of its stated goal of shedding more than $20 billion worth of assets, the...

  • Graeme Roustan, who owns less than 1 percent of Power Corp, said in a letter to the company chairman that the group should sell assets including its interests in Pargesa Holding SA, renewable energy unit Power Energy and asset manager China AMC, among others. Roustan said in his letter that Power Corp is invested in too many unrelated sectors, with some portfolio...

  • *Oil liquids unit to be sold for about $580 mln. *Noble flags company loss of $1.1 bln to $1.25 bln for Q3. SINGAPORE, Oct 23- Struggling commodities trader Noble Group agreed to sell its Americas- focused oil trading business to Vitol for about $580 million as part of a debt-cutting strategy, and warned of a big loss for its third quarter.

  • *Noble flags company loss of $1.1 bln to $1.25 bln for Q3. SINGAPORE, Oct 23- Struggling commodities trader Noble Group agreed to sell its Americas- focused oil liquids business to Vitol for about $580 million as part of a debt-cutting strategy, and warned of a big loss for its third quarter. Annisa Lee, Nomura's head of Asia ex- Japan's flow credit analysis, said the...

  • *Flags loss of $1.1 bln to $1.25 bln for Q3. SINGAPORE, Oct 23- Struggling commodities trader Noble Group agreed to sell its Americas- focused oil liquids business to Vitol for about $580 million as part of a debt-cutting strategy, and warned of a big loss for its third quarter. In a statement on Monday, Noble also warned of a total net loss of $1.1 billion to $1.25...

  • SINGAPORE, Oct 23- Struggling Noble Group agreed to sell its Americas- focused oil liquids business to Vitol for about $580 million, as part of its strategy to shrink its businesses to cut debt. In a statement on Monday, Noble said the gross consideration of the sale would be $1.4 billion and after deducting indebtedness of about $836 million, the cash proceeds...

  • SINGAPORE, Oct 23- Struggling Noble Group agreed to sell its Americas- focused oil liquids business to Vitol for a gross consideration of $1.4 billion, as part of its strategy to shrink its businesses to cut debt.

  • 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...

  • 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...