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Mergers and Acquisitions Mergers

  • WASHINGTON, Sept 27- The U.S. Senate voted on Wednesday to confirm the head of the Justice Department's Antitrust Division, which will decide the fate of deals like AT&T Inc's proposed purchase of Time Warner Inc and the merger of Bayer AG and Monsanto Co.. The Senate voted 73 to 21 to confirm Delrahim. The Senate also confirmed Heath Tarbert, by a vote of 87 to 8, to be...

  • PARIS/ FRANKFURT, Sept 27- Investors welcomed a merger of the rail businesses of Germany's Siemens and France's Alstom, billed as creating a European champion, but French unions and politicians said France was giving Germany control and risking jobs. The tie-up, set to help the companies counter the rise of China's state-owned CRRC, represents an industrial win...

  • PARIS/ FRANKFURT, Sept 27- Investors welcomed a merger of the rail businesses of Germany's Siemens and France's Alstom, billed as creating a European champion, but French unions and politicians said France was giving Germany control and risking jobs. The tie-up, set to help the companies counter the rise of China's state-owned CRRC, represents an industrial win...

  • *Koike says "not interested" in merger with Democratic Party. TOKYO, Sept 27- A new political party led by Tokyo Governor Yuriko Koike is floating populist slogans such as ending nuclear power and freezing a sales tax hike ahead of a general election next month, but voters may find few other big policy gaps with the ruling Liberal Democratic Party.

  • *Merger promises annual cost cuts of 470 mln euros. PARIS/ FRANKFURT, Sept 27- A merger of the rail businesses of Germany's Siemens and France's Alstom, billed as creating a European champion, was welcomed by investors but criticised in France as giving away control to Germany and risking job cuts. The tie-up, set to help the European companies counter the rapid rise...

  • *Merger promises annual cost cuts of 470 mln euros. PARIS/ FRANKFURT, Sept 27- A merger of the rail businesses of Germany's Siemens and France's Alstom, billed as creating a European champion, was welcomed by investors but criticized in France as giving away control to Germany and risking job cuts. The tie-up, set to help the European companies counter the rapid rise...

  • Take Heed, this tech company is about to change the way you watch sports

    Ari Emanuel, WME|IMG Co-CEO, and Mati Kochavi, AGT founder and CEO, talk about their venture to enhance the way viewers experience sporting events.

  • LONDON, Sept 27- European stocks climbed to a 10- week high on Wednesday led by banks ahead of an update on U.S. tax reform, while Alstom shares surged after its rail merger with Siemens. The pan-European STOXX 600 gained 0.3 percent to hit its highest level since July 20, while euro zone stocks rose 0.4 percent. Britain's FTSE was up 0.3 percent.

  • LONDON, Sept 27- Europe's main benchmarks climbed to a new ten-week high on Wednesday as deals remained front and centre, while a weaker euro also supported indexes which had dipped this summer as the strong currency dented earnings expectations. UK's FTSE gained 0.4 percent. Merger and acquisition news stole the spotlight with Alstom shares rising to their...

  • Political angle to Siemens/Alstom deal will have direct impact on value creation: Coutts

    Sven Balzer, senior investment strategist at Coutts, weighs in on a potential merger between Germany's Siemens and France's Alstom.

  • *Signs of political backlash in France. MUNICH/ PARIS, Sept 27- German industrial group Siemens AG and French rival Alstom SA agreed to merge their rail operations, creating a European champion to better withstand the international advance of China's state-owned CRRC Corp Ltd.. Siemens will own 50 percent plus a few shares of the joint venture, to be called...

  • Siemens, Alstom potential merger part of Macron moving France forward: Pro

    Valentijn van Nieuwenhuijzen, chief investment officer at NN Investment Partners, weighs in on a potential merger between Siemens and Alstom.

  • *Signs of political backlash in France. MUNICH/ PARIS, Sept 26- German industrial group Siemens AG and French rival Alstom SA agreed on Tuesday to merge their rail operations, creating a European champion to better withstand the international advance of China's state-owned CRRC Corp Ltd.. Siemens will own 50 percent plus a few shares of the joint venture, while...

  • FRANKFURT/ PARIS, Sept 26- German industrial group Siemens and French rival Alstom agreed on Tuesday to merge their rail operations, creating a European champion to better withstand the international advance of Chinese state-owned CRRC. Siemens will own 50 percent of the joint venture, the companies said, while Alstom will supply Henri Poupart-Lafarge as...

  • WASHINGTON, Sept 26- The U.S. Justice Department has filed an antitrust lawsuit against Parker-Hannifin with a goal of un-doing its merger with Clarcor Inc, a source familiar with the situation said on Tuesday.

  • FCC Chairman Ajit Pai said "most reasonable people see a fiercely competitive marketplace" citing intense price competition carriers. The FCC would need to approve any merger as would the Justice Department. In 2014, the FCC and Justice Department told the carriers they would not back a merger and the companies abandoned merger talks.

  • *Share sale comes after preliminary deal on steel merger. FRANKFURT/ DUESSELDORF, Sept 26- Thyssenkrupp raised almost 1.4 billion euros in a share placing on Tuesday to help fund the industrial goods businesses that will stay with the firm after the planned merger of its steel operations with Tata Steel next year. "We will use that time to strengthen our...

  • *Signs of political backlash in France. MUNICH/ PARIS, Sept 26- Siemens and Alstom are expected to announce a deal merging their rail operations on Tuesday, a Franco-German industrial breakthrough for President Emmanuel Macron but a move already riling opposition politicians. Siemens is expected to announce the rail deal with Alstom on Tuesday rather than...

  • *Signs of political backlash in France. MUNICH/ PARIS, Sept 26- French politicians voiced concerns on Tuesday that a planned multibillion dollar merger of the rail assets of Alstom and Siemens could give the German company the upper hand. Siemens is expected to opt for a deal with Alstom rather an alternative with Canada's Bombardier, two sources familiar with...

  • MUNICH/ PARIS, Sept 26- French transportation and manufacturing group Alstom plans to pay its shareholders a special dividend if a deal to merge with Siemens' rail business goes through, two sources familiar with the matter told Reuters on Tuesday. The special dividend would even out the value of Siemens and Alstom, which has too much cash on its balance sheet, to...