Mergers and Acquisitions
Mergers
*Sixt owns 50 percent of BMW's car-sharing firm DriveNow. FRANKFURT, Aug 17- German carmakers Daimler and BMW may be in talks to combine their car-sharing services Car2Go and DriveNow, the chief executive of car rental company and DriveNow partner Sixt hinted on Thursday. Asked whether Sixt was involved in merger talks with Daimler and BMW, Chief Executive Erich...
FRANKFURT, Aug 17- German carmakers Daimler and BMW may be in talks to combine their car-sharing services Car2Go and DriveNow, the chief executive of car rental company and DriveNow partner Sixt hinted on Thursday. Asked whether Sixt was involved in merger talks with Daimler and BMW, Chief Executive Erich Sixt said: "At the last press conference I made clear that...
Insolvent German airline Air Berlin aims to strike deals to sell assets to two or more buyers by the end of September, before a government loan keeping its planes in the air runs out, its chief executive said.
Jim Cramer explains why the Yelp and GrubHub working together could give both companies a shot in the arm.
Jim Cramer reveals the one stock worth buying any time there’s a decline.
Jim Cramer reveals the one stock worth buying any time there’s a decline.
Jim Cramer explains why the Yelp and GrubHub working together could give both companies a shot in the arm.
Jim Cramer explains why the Yelp and GrubHub working together could give both companies a shot in the arm.
Jefferies research increased its price target on Fiat Chrysler after rumors that a Chinese auto parts maker made a bid on the company.
LONDON— Tata Steel and British authorities said Friday they have agreed on a plan to restructure the firm's British pension scheme, ending one aspect of uncertainty for 130,000 current and retired steelworkers. The deal addresses one obstacle to a proposed merger between Tata's British businesses and Germany's Thyssenkrupp. Tata Steel Group Executive...
Aug 11- India's Tata Steel Ltd has received regulatory approval for a deal to cut its UK pension scheme liabilities, it said on Friday, paving the way for a possible merger between its British and European steel businesses and those of Germany's Thyssenkrupp. The pensions deal "represents the best possible structural outcome for the members of the British Steel...
*Q3 EBIT 620 mln eur vs Reuters poll avg 493 mln eur. FRANKFURT, Aug 10- Thyssenkrupp will not be rushed into any deal with Tata Steel to merge their European steel businesses, its chief financial officer said, pouring cold water on investor hopes for a quick agreement. Britain's Sky News reported on Wednesday that Tata Steel was on the brink of detaching its British...
LONDON, Aug 9- The bulk annuity market in Britain was worth nearly 5 billion pounds in the first half and may top 10 billion this year for the third year in a row, consultant Hymans Robertson said on Wednesday. Companies such as Tata Steel UK have also found their huge pension liabilities have hampered merger plans. Scottish Widows, part of Lloyds Banking Group, and...
THE HAGUE, Netherlands— Net profit at Dutch-Belgian supermarket giant Ahold Delhaize, operator of U.S. chains including Stop& Shop and Giant, soared 68 percent in the second quarter to 355 million euros as the company benefited from savings generated by last year's merger of the Ahold and Delhaize groups. The company said Wednesday that sales rose 67 percent to...
Ahold Delhaize CEO Dick Boer discusses earnings and competition from online retail giant Amazon.
ZURICH, Aug 8- Following a formula pioneered by their corporate raider father-in-law, two men are stirring up the chemicals sector with a push to halt Clariant's $20 billion merger with Huntsman. Known as the "two Davids", David Winters and David Millstone are married to Samuel Heyman's daughters and manage the privately held, multi-billion-dollar business...
Standard Life CEO Keith Skeoch discusses earnings and the rationale behind his company's merger with Aberdeen Asset Management.
NEW YORK, Aug 4- Viacom Inc could gain a leg up in negotiations with distributors and ward off declines in U.S. ad revenue and sales by finding a merger partner, analysts said on Friday. Shares of Viacom, which owns MTV and Comedy Central, plunged as much as 13 percent on Friday, a day after it forecast lower sales to U.S. pay-TV companies and streaming video services this...
*Says $20 billion merger is best way to create value. ZURICH, Aug 4- A big investor in Clariant and Huntsman backs the chemical companies' planned $20 billion merger, saying it would unlock synergies and lift profits more than any alternative from activists seeking to derail the deal. Alex Roepers, whose Atlantic Investment Management is the 13th- largest investor...
*Works council chief unaware of any break up deliberations. FRANKFURT, Aug 2- Thyssenkrupp's works council is not pushing for a break up of the group, its leader said on Wednesday, after a newspaper reported trade union IG Metall was keen to explore such a move as an alternative to a steel merger with Tata. Negotiations have been hampered by Tata's large steel...
