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Mergers and Acquisitions Mergers

  • *Siemens in talks with both Alstom and Bombardier- source. MUNICH, Sept 21- Siemens is in talks to merge its rail business with that of either Alstom or Bombardier and will pick a preferred partner within days for further negotiations, a person familiar with the matter told Reuters on Thursday. Rail mergers have become a trend over the last few years as global...

  • PARIS, Sept 21- French publishers La Martiniere Groupe and Media-Participations announced talks over a merger that could create a group with combined revenues of more than 560 million euros, in the latest sign of consolidation in the industry. La Martiniere, which owns the well-known Parisian literary publishing house Le Seuil, had 2016 revenues of 206...

  • German Commerzbank is pictured in front of their headquarters in Frankfurt, central Germany.

    The German government favors a merger of state-backed Commerzbank with France's BNP Paribas, German weekly WirtschaftsWoche reported on Thursday, citing financial sources.

  • UniCredit's viability a big question

    Class CNBC's Claudia Pensotti weighs in on the viability of Italian bank UniCredit to merge with German counterpart Commerzbank.

  • **Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations, creating the continent's No.2 steelmaker with revenues of 15 billion euros. **Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the...

  • **Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations, creating the continent's No.2 steelmaker with revenues of 15 billion euros. **Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the...

  • *Expect annual synergies of 400 mln- 600 mln euros. *Thyssenkrupp will shift 4 bln euros in liabilities. ESSEN, Germany/ MUMBAI, Sept 20- Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations, creating the continent's No.2 steelmaker with revenues of 15 billion euros.

  • *Italy's top bank eyes Germany's Commerzbank- sources. FRANKFURT, Sept 20- Italy's UniCredit has recently told Berlin it is interested in eventually merging with state-backed Commerzbank, two people familiar with the matter said, a combination that would create one of Europe's biggest banks. Italy's largest bank, which is scouting for potential partners in...

  • FRANKFURT, Sept 20- Italy's UniCredit has recently expressed an interest to the German government about merging with state-backed Commerzbank, two people familiar with the matter said, adding that any deal would only come in the medium term. Italy's largest bank signalled its interest for what would likely be an all-share deal that could come once...

  • *Expect annual synergies of 400 mln- 600 mln euros. *Thyssenkrupp will shift 4 bln euros in liabilities. ESSEN, Germany/ MUMBAI, Sept 20- Sure, Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations to create the continent's No.2 steelmaker.

  • LONDON, Sept 20- Hedge funds have trimmed bets on a fall in shares of Clariant, just as activist investor Corvex increases pressure on the Swiss chemicals company to ditch a $20 billion M&A deal with rival Huntsman. Clariant and Huntsman announced their merger in May valued at about $20 billion, but Corvex, run by New York- based Keith Meister, took a stake in Clariant...

  • *Expect annual synergies of 400- 600 million euros. ESSEN, Germany, Sept 20- Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations in a preliminary deal that would create the continent's No.2 steelmaker after ArcelorMittal. The companies say they need to consolidate to address overcapacity in the European...

  • BERLIN, Sept 20- German Economy Minister Brigitte Zypries said on Wednesday that employees were not yet convinced about plans for Germany's Thyssenkrupp and India's Tata Steel to merge and added that all affected parties needed to accept any deal. Thyssenkrupp and Tata Steel struck a preliminary deal on Wednesday to merge their European steel operations in...

  • *Expect annual synergies of 400- 600 million euros. FRANKFURT, Sept 20- Germany's Thyssenkrupp and India's Tata Steel struck a preliminary deal on Wednesday to merge their European steel operations in a 50-50 joint venture to create the continent's No.2 steelmaker after ArcelorMittal. The companies say they need to consolidate to address overcapacity in the...

  • BERLIN— Germany's Thyssenkrupp and Tata Steel of India signed a preliminary deal on Wednesday to merge their European steel operations, a combination that could lead to up to 4,000 job cuts. The new entity is to be called Thyssenkrupp Tata Steel and be managed by what Thyssenkrupp called a "lean holding company" based in the Netherlands. "We will not be putting any...

  • *Expect annual synergies of 400- 600 million euros. FRANKFURT, Sept 20- Germany's Thyssenkrupp and India's Tata Steel struck a preliminary deal on Wednesday to merge their European steel operations in a 50-50 joint venture to create the continent's No.2 steelmaker after ArcelorMittal. Thyssenkrupp shares were indicated up more than 5 percent in pre-market...

  • An employee beside a blast furnace cast house at ThyssenKrupp AG's steel plant in Duisburg, Germany.

    Thyssenkrupp and Indian peer Tata Steel struck a preliminary agreement to combine their European steel operations in a 50-50 joint venture.

  • ZURICH, Sept 19- The activist investor fighting Clariant's planned $20 billion merger with Huntsman Corp has built a 15.1 percent stake that makes it the biggest shareholder in the Swiss chemicals maker. In a letter to Clariant's board of directors, White Tale Holdings, a vehicle created by investor Keith Meister's Corvex hedge fund and New York's 40 North,...

  • *See annual synergies of 400- 600 million euros. FRANKFURT, Sept 20- Thyssenkrupp and Indian peer Tata Steel on Wednesday struck a preliminary agreement to combine their European steel operations in a 50-50 joint venture, creating the continent's No.2 steelmaker after ArcelorMittal. The MoU, widely expected after Thyssenkrupp last week said a deal could still...

  • FRANKFURT, Sept 20- Thyssenkrupp and Indian peer Tata Steel on Wednesday signed a memorandum of understanding to combine their European steel operations in a 50-50 joint venture, the German company said in a statement on Wednesday.