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Mergers and Acquisitions Mergers

  • *Most proposals could be implemented without Congress approval. *Says CFTC, SEC must work more closely but no merger is needed. WASHINGTON, Oct 6- The U.S.

  • ZURICH, Oct 6- Activist investors seeking to block specialty chemical maker Clariant's $20 billion merger with Huntsman Corp own "significantly more" than 15 percent of Clariant shares and want to increase their stake, they told a Swiss newspaper. "We already own more than 15 percent and we're not done buying," White Tale investors David Millstone and David Winter...

  • *Merger talks fails to boost Arabian Cement. DUBAI, Oct 5- Most Gulf stock markets fell on Thursday, with Qatar falling for a third straight session to a new five-year low, but shares in Kuwaiti telecommunications operator Zain jumped on a rumour that Oman Telecommunications might expand its stake in the firm. Saudi-based insurer Metlife AIG ANB Cooperative...

  • *Merger talks fails to boost Arabian Cement. DUBAI, Oct 5- Most Gulf stock markets fell on Thursday, with Qatar falling for a third straight session to a new five-year low, but shares in Kuwaiti telecommunications operator Zain jumped on a rumor that Oman Telecommunications might expand its stake in the firm. Saudi-based insurer Metlife AIG ANB Cooperative...

  • FRANKFURT/ LONDON, Oct 5- Doubts are growing among Clariant investors whether the Swiss chemicals maker will be able to drive through a $20 billion merger with Huntsman Corp in the face of opposition from an activist investor. White Tale Holdings became the largest shareholder in Clariant last month with a 15.2 percent stake, and a source close to the investor...

  • Oct 5- German industrial gases group Linde urged investors to tender their shares in an exchange offer for its planned $80 billion merger with U.S. peer Praxair as a deadline approaches to reach 75 percent acceptance. The planned all-share merger of equals will create a global leader to overtake France's Air Liquide with a combined market value of $80 billion,...

  • *Monsanto CEO Hugh Grant says concerns by Brazil competition regulator Cade over Bayer merger a "normal step" in review process Source text for Eikon: Further company coverage:.

  • T-Mobile, Sprint deal talks moving forward: Sources

    CNBC's David Faber has the update on merger talks between T-Mobile and Sprint as some shareholders express frustration with the deal price.

  • ZURICH, Oct 3- The number of banks in Iran should at least halve over the next six years, with closures and mergers needed to modernise an industry laden with toxic loans, one of the country's top bankers said on Tuesday. Parviz Aghili, chief executive of Middle East Bank, estimated at a conference in Zurich that a full re-organisation of the Iranian banking sector's...

  • MUMBAI, Oct 3- India's Reliance Communications is reworking a planned $1.7 billion stake sale in its tower assets after scrapping a proposed merger of its wireless arm with smaller rival Aircel, as its shares tumbled to an all-time low. RCom, as the company is known, said it is in talks with Canada's Brookfield to sell all of its tower arm, instead of a 51 percent stake...

  • MUMBAI, Oct 3- Shares of India's Reliance Communications tumbled as much as 7.8 percent in early trade on Tuesday to an all-time low after the company scrapped a proposed merger of its wireless arm with rival Aircel, raising doubts about a debt-reduction plan. Shares in RCom were trading at 17.90 rupees, down 6.77 percent, at 0400 GMT, after dropping to a low of 17.70...

  • MUMBAI, Oct 2- Reliance Communications is reassessing debt repayment options after a deal to merge its wireless arm with smaller rival Aircel was scrapped, dealing a fresh blow to the embattled Indian telecoms company. Widely known as RCom and controlled by wealthy businessman Anil Ambani, the company is saddled with net debt of about $6.8 billion.

  • *Tata UK profit just 106 mln stg despite EU steel price surge. LONDON/ FRANKFURT, Oct 2- Plagued by poor earnings, Britain's biggest steel plant, located in Port Talbot, is likely to be first in line for job and output cuts after the planned European merger of Thyssenkrupp and Tata Steel, industry sources told Reuters. "They'll only invest in the UK operations if they...

  • MUMBAI, Oct 2- Embattled Indian telecom company Reliance Communications Ltd faced another setback on Sunday after a deal to merge its wireless business with smaller rival Aircel was called off, raising fresh doubts about its debt-repayment plans. Controlled by billionaire Anil Ambani, RCom had net debt of 443.45 billion Indian rupees at the end of March.

  • MUMBAI, Oct 1- Embattled Indian telecom company Reliance Communications Ltd faced another setback on Sunday after a deal to merge its wireless business with smaller rival Aircel was called off, raising fresh doubts about its debt repayment plans. RCom has been trying to reduce its debt by 250 billion rupees by merging its wireless business with Aircel and by...

  • MUMBAI, Oct 1- Embattled Indian telecom company Reliance Communications Ltd faced another setback on Sunday after a deal to merge its wireless business with smaller rival Aircel was called off, raising fresh doubts around its debt restructuring plans. RCom has been trying to reduce its debt by 250 billion rupees by merging its wireless business with Aircel...

  • NEW YORK/ LONDON, Sept 28- The value of mergers and acquisitions globally dropped slightly in the third quarter of 2017, as big deals worth more than $10 billion were scarce given uncertainty about economic policy in the U.S. and Europe in particular, leaving dealmakers to feast on a plethora of smaller transactions. The value of global merger and acquisitions...

  • NEW YORK/ LONDON, Sept 28- The value of global mergers and acquisitions dropped slightly in the third quarter of 2017, as big deals worth more than $10 billion were scarce given uncertainty about economic policy in the U.S. and Europe in particular, leaving dealmakers to feast on a plethora of smaller transactions. The value of global merger and acquisitions...

  • Rite Aid said retail pharmacy sales decreased 3.4 percent in the second quarter, while pharmacy services revenue dropped 8.7 percent as it participated in fewer regions offering Medicare Part D prescription drugs. The company's total revenue fell 4.4 percent to $7.7 billion in the three months ended Sept. 2, just missing analysts average estimate of $7.8...

  • Rite Aid's net income rose to $170.7 million, or 16 cents per share, in the second quarter ended Sept. 2, from $14.8 million, or 1 cent per share, a year ealier. The latest quarter includes a $325 million termination fee. Total revenue fell to $7.68 billion from $8.03 billion.