* Shougang Group And Hebei Iron & Steel Group Will Combine
Into Northern China Steel Group- Bloomberg, citing sources
Read more
Sunday, July 31, 2016
GSK creates $715 mln bioelectronics company with Alphabet unit
LONDON, Aug 1 (Reuters) - GlaxoSmithKline said on
Monday it had teamed up with Alphabet's life sciences
unit to create a new company focused on fighting diseases by
targeting electrical signals in...
Read more
Monday it had teamed up with Alphabet's life sciences
unit to create a new company focused on fighting diseases by
targeting electrical signals in...
Read more
UPDATE 1-Didi to buy Uber China operations in deal valuing combined firm at $35 bln - media
Aug 1 (Reuters) - China's dominant ride hailing firm Didi
Chuxing will buy Uber Technologies Inc's operations in China in
a deal that will end bruising competition between the two firms,
the Wall...
Read more
Chuxing will buy Uber Technologies Inc's operations in China in
a deal that will end bruising competition between the two firms,
the Wall...
Read more
UPDATE 2-Tesla, SolarCity set to announce merger on Monday -sources
July 31 (Reuters) - Tesla Motors Inc and SolarCity
Corp could announce they have agreed to merge as early
as Monday, people familiar with the matter said, setting the
stage for a campaign to convince...
Read more
Corp could announce they have agreed to merge as early
as Monday, people familiar with the matter said, setting the
stage for a campaign to convince...
Read more
BRIEF-Uber said to merge China business with Didi in $35 billion deal - Bloomberg, citing sources
* Uber said to merge China business with Didi in $35 billion deal - Bloomberg, citing
sources
Source text - (http://bloom.bg/2akzz3h)
Further company coverage:
(Bengaluru Newsroom)
Read more
sources
Source text - (http://bloom.bg/2akzz3h)
Further company coverage:
(Bengaluru Newsroom)
Read more
Tesla, SolarCity set to announce merger on Monday -sources
July 31 (Reuters) - Tesla Motors Inc and SolarCity
Corp could announce they have agreed to merge as early
as Monday, according to people familiar with the matter.
Read more
Corp could announce they have agreed to merge as early
as Monday, according to people familiar with the matter.
Read more
UPDATE 1-Chinese consortium agrees $4.4 bln deal for Caesars online games
July 30 (Reuters) - A Chinese consortium that includes game
developer Shanghai Giant Network Technology Co Ltd and
e-commerce company Alibaba Group Holding Ltd founder
Jack Ma has agreed to acquire...
Read more
developer Shanghai Giant Network Technology Co Ltd and
e-commerce company Alibaba Group Holding Ltd founder
Jack Ma has agreed to acquire...
Read more
PRESS DIGEST- British Business - Aug. 1
Aug 1 (Reuters) - The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
Saturday, July 30, 2016
Chinese consortium agrees $4.4 bln deal for Caesars online games-sources
July 30 (Reuters) - A Chinese consortium that includes game
developer Shanghai Giant Network Technology Co Ltd and
e-commerce company Alibaba Group Holding Ltd founder
Jack Ma has agreed to acquire...
Read more
developer Shanghai Giant Network Technology Co Ltd and
e-commerce company Alibaba Group Holding Ltd founder
Jack Ma has agreed to acquire...
Read more
Fosun strikes first Brazil deal with purchase of fund manager Rio Bravo
HONG KONG, July 30 (Reuters) - Fosun Group said on Saturday
it has agreed to buy Brazilian fund manager Rio Bravo
Investimentos, in the Chinese conglomerate's first acquisition
in Latin America.
Read more
it has agreed to buy Brazilian fund manager Rio Bravo
Investimentos, in the Chinese conglomerate's first acquisition
in Latin America.
Read more
Friday, July 29, 2016
Mexico's Alpek to pay up to $700 mln for Petrobras' petchem assets- source
SAO PAULO, July 29 (Reuters) - Mexico's Alpek SA de CV
is expected to offer up to $700 million for
Brazilian state-run oil company Petroleo Brasileiro SA's
petrochemicals units in the northeastern...
Read more
is expected to offer up to $700 million for
Brazilian state-run oil company Petroleo Brasileiro SA's
petrochemicals units in the northeastern...
Read more
BRIEF-Sky, Discovery/Liberty Global participating in auction for Formula One- WSJ
* Sky, Discovery/Liberty Global participating in auction
for Formula One; winner of auction could emerge in next few
weeks - WSJ, citing sources
Source text : http://on.wsj.com/2aiEg1w
(Bengaluru...
Read more
for Formula One; winner of auction could emerge in next few
weeks - WSJ, citing sources
Source text : http://on.wsj.com/2aiEg1w
(Bengaluru...
Read more
BRIEF-Linear Technology to pay Analog $490 mln, if merger is terminated
* If merger agreement is terminated, Linear will be
obligated to pay to Analog a termination fee equal to $490
million in cash
Read more
obligated to pay to Analog a termination fee equal to $490
million in cash
Read more
UPDATE 2-Delaware judge proposes October trial over removal of Viacom directors
July 29 (Reuters) - A Delaware judge on Friday ruled that
Sumner Redstone's lawyers must defend in a trial his move to
oust five directors from Viacom Inc's board and
suggested that he wants to get a...
Read more
Sumner Redstone's lawyers must defend in a trial his move to
oust five directors from Viacom Inc's board and
suggested that he wants to get a...
Read more
Private equity firms focused on Hewlett Packard asset sales -sources
July 29 (Reuters) - Buyout firms are focused on acquiring
some software assets that Hewlett Packard Enterprise Co (HPE)
has been considering divesting, worth between $6 billion
and $8 billion,...
Read more
some software assets that Hewlett Packard Enterprise Co (HPE)
has been considering divesting, worth between $6 billion
and $8 billion,...
Read more
UPDATE 1-Pennsylvania attorney general announces Hershey trust reform deal
HARRISBURG, Penn., July 29 (Reuters) - The Pennsylvania
Attorney General's office unveiled on Friday the terms of a
reform agreement with the charitable trust that controls Hershey
Co that includes a...
Read more
Attorney General's office unveiled on Friday the terms of a
reform agreement with the charitable trust that controls Hershey
Co that includes a...
Read more
EU mergers and takeovers (July 29)
BRUSSELS, July 29 (Reuters) - The following are mergers
under review by the European Commission and a brief guide to the
EU merger process:
Read more
under review by the European Commission and a brief guide to the
EU merger process:
Read more
UPDATE 1-SABMiller board to recommend final AB InBev offer
LONDON, July 29 (Reuters) - The board of brewer SABMiller
will recommend shareholders approve the final takeover
offer by Anheuser Busch InBev, the company said on
Friday, capping a week of high...
Read more
will recommend shareholders approve the final takeover
offer by Anheuser Busch InBev, the company said on
Friday, capping a week of high...
Read more
Brazil's Barra to study buying Petrobras asset sold to Statoil
RIO DE JANEIRO, July 29 (Reuters) - Brazil's Barra Energia
do Brasil Petróleo e Gás, which owns 10 percent of the giant
Carcara offshore oil prospect, will study invoking its right of
first refusal...
Read more
do Brasil Petróleo e Gás, which owns 10 percent of the giant
Carcara offshore oil prospect, will study invoking its right of
first refusal...
Read more
UPDATE 1-Call center software maker Interactive Intelligence explores sale-sources
July 29 (Reuters) - Interactive Intelligence Group Inc
, a U.S. provider of software and services for call
center operators, is exploring strategic alternatives, including
a potential sale, according...
Read more
, a U.S. provider of software and services for call
center operators, is exploring strategic alternatives, including
a potential sale, according...
Read more
BRIEF-SABMiller says board to recommend final AB InBev offer
* Board has now met formally to consider revised and final
offer for entire issued and to be issued share capital of
SABMiller as announced by Anheuser-Busch Inbev SA/NV on July 26
2016
Read more
offer for entire issued and to be issued share capital of
SABMiller as announced by Anheuser-Busch Inbev SA/NV on July 26
2016
Read more
BRIEF-Sanofi, Pfizer, Gilead & Celgene interested in Medivation - CNBC citing sources
* Sanofi, Pfizer, Gilead & Celgene interested in Medivation
as company asks for indications of interest by mid-August - CNBC
citing sources
Further company coverage:
(Bengaluru Newsroom: +1 646...
Read more
as company asks for indications of interest by mid-August - CNBC
citing sources
Further company coverage:
(Bengaluru Newsroom: +1 646...
Read more
Deals of the day- Mergers and acquisitions
July 29 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Friday:
Read more
acquisitions and disposals were reported by 1330 GMT on Friday:
Read more
UPDATE 1-Blockbuster drug Humira's sales drive AbbVie's profit
July 29 (Reuters) - AbbVie Inc posted
higher-than-expected quarterly profit and revenue, driven by
demand for flagship drug Humira, and raised its earnings
forecast for the year.
Read more
higher-than-expected quarterly profit and revenue, driven by
demand for flagship drug Humira, and raised its earnings
forecast for the year.
Read more
UPDATE 1-NextEra to buy bankrupt Energy Future and its stake in Oncor
July 29 (Reuters) - Power producer NextEra Energy Inc
said it had agreed to buy reorganized Energy Future
Holdings Corp and its stake in Oncor Electric Delivery Co in a
deal with enterprise value of...
Read more
said it had agreed to buy reorganized Energy Future
Holdings Corp and its stake in Oncor Electric Delivery Co in a
deal with enterprise value of...
Read more
UPDATE 2-SABMiller offer is compelling and final - AB InBev CEO
* Brazil beer volume down 4.5 pct after 10 pct drop in Q1
(Updates with more on SABMiller shareholders)
Read more
(Updates with more on SABMiller shareholders)
Read more
AB InBev cuts Brazil outlook as homes in on SABMiller
BRUSSELS, July 29 (Reuters) - Anheuser-Busch InBev,
the world's largest brewer, cut its guidance for growth this
year in Brazil due to the struggling economy on Friday and said
it aimed to seal the...
Read more
the world's largest brewer, cut its guidance for growth this
year in Brazil due to the struggling economy on Friday and said
it aimed to seal the...
Read more
Thursday, July 28, 2016
PRESS DIGEST - Wall Street Journal - July 29
July 29 (Reuters) - The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Read more
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Read more
Japan's MUFG agrees to buy Guggenheim's fund administration business
TOKYO, July 29 (Reuters) - Mitsubishi UFJ Financial Group
(MUFG) has agreed to buy a fund administration business
from Chicago-based investment and advisory firm Guggenheim
Partners, extending a...
Read more
(MUFG) has agreed to buy a fund administration business
from Chicago-based investment and advisory firm Guggenheim
Partners, extending a...
Read more
UPDATE 1-Brazil's Petrobras in talks to sell assets to Mexico's Alpek
SAO PAULO, July 28 (Reuters) - Brazil's state-run oil
company Petroleo Brasileiro SA said in a statement on
Thursday it is in exclusive talks for 60 days with Mexico's
Alpek over the potential sale...
Read more
company Petroleo Brasileiro SA said in a statement on
Thursday it is in exclusive talks for 60 days with Mexico's
Alpek over the potential sale...
Read more
Monte dei Paschi says considering letters from by Passera, UBS
MILAN, July 28 (Reuters) - Italy's Monte dei Paschi di Siena
said on Thursday it had received two letters from
former Italian industry minister Corrado Passera and Swiss bank
UBS, amid reports that...
Read more
said on Thursday it had received two letters from
former Italian industry minister Corrado Passera and Swiss bank
UBS, amid reports that...
Read more
Goldcorp puts Los Filos mine in Mexico on block, eyes other sales
VANCOUVER, July 28 (Reuters) - Goldcorp Inc has put
its Los Filos gold and silver mine in Mexico on the block and is
also looking at selling two other non-core mines, chief
executive David Garofalo...
Read more
its Los Filos gold and silver mine in Mexico on the block and is
also looking at selling two other non-core mines, chief
executive David Garofalo...
Read more
UPDATE 1-Marcato makes second investment in a week with Terex stake
BOSTON, July 28 (Reuters) - Activist hedge fund Marcato
Capital Management announced its second big investment in a week
on Thursday, saying it snapped up a 5.1 percent stake in crane
and heavy...
Read more
Capital Management announced its second big investment in a week
on Thursday, saying it snapped up a 5.1 percent stake in crane
and heavy...
Read more
BRIEF-Dynamic Materials Q2 loss per share $0.05
* Expected to incur approximately $750,000 in remaining
restructuring charges during second half of 2016
Read more
restructuring charges during second half of 2016
Read more
UPDATE 5-Thomson Reuters misses on revenue, reaffirms outlook
July 28 (Reuters) - Thomson Reuters Corp's
revenue missed Wall Street expectations on Thursday, pushing
down the stock more than 2 percent, but the news and information
company reaffirmed its...
Read more
revenue missed Wall Street expectations on Thursday, pushing
down the stock more than 2 percent, but the news and information
company reaffirmed its...
Read more
BRIEF-Teck Resources says no urgency to sell infrastructure assets - CEO
* Still weighing possible sale of infrastructure assets like
Waneta dam, Neptune port but no urgency or pressure - Chief
Executive Donald Lindsay
Source text for Eikon:
Further company coverage:
...
Read more
Waneta dam, Neptune port but no urgency or pressure - Chief
Executive Donald Lindsay
Source text for Eikon:
Further company coverage:
...
Read more
Mass judge denies motion to dismiss lawsuit involving Sumner Redstone trust-filing
July 28 (Reuters) - A Massachusetts judge on Thursday denied
a motion to dismiss a case that will likely determine the
future of Sumner Redstone's $40 billion media, marking a victory
for Viacom Inc...
Read more
a motion to dismiss a case that will likely determine the
future of Sumner Redstone's $40 billion media, marking a victory
for Viacom Inc...
Read more
Telekom Austria exchangeable bond launched as free float deadline looms
VIENNA, July 28 (Reuters) - Citigroup said on Thursday
it was launching a bond of up to 400 million euros ($443.8
million) exchangeable into shares of Telekom Austria,
as a deadline approaches for...
Read more
it was launching a bond of up to 400 million euros ($443.8
million) exchangeable into shares of Telekom Austria,
as a deadline approaches for...
Read more
BRIEF-New Media earnings per share $0.21
* New Media announces second quarter 2016 results and
dividend of $0.33 per common share; announces the acquisition of
the Fayetteville Publishing Company
Read more
dividend of $0.33 per common share; announces the acquisition of
the Fayetteville Publishing Company
Read more
BRIEF-UK's CMA could accept undertakings on Acadia's Priory Group deal
* To look at Acadia's undertakings offer in relation to
acquisition of Priory Group No 1 Ltd in detail
Read more
acquisition of Priory Group No 1 Ltd in detail
Read more
UPDATE 1-Avnet's $911 mln deal for UK's Premier Farnell trumps rival bid
* Premier Farnell shares up as much as 17.3 pct
(Adds details, background, Daetwyler comment, share movement)
Read more
(Adds details, background, Daetwyler comment, share movement)
Read more
AstraZeneca a takeover target again? CEO not commenting
LONDON, July 28 (Reuters) - AstraZeneca declined to
comment on Thursday on whether the drugmaker could become a
takeover target once more, two years after it saw off a bid from
Pfizer.
Read more
comment on Thursday on whether the drugmaker could become a
takeover target once more, two years after it saw off a bid from
Pfizer.
Read more
South Africa's Sibanye Gold might be interested in Acacia assets - CEO
WESTONARIA, South Africa, July 28 (Reuters) - South Africa's
Sibanye Gold might be interested in the assets of
Barrick Gold's African unit Acacia Mining, its
chief executive said on Thursday.
Read more
Sibanye Gold might be interested in the assets of
Barrick Gold's African unit Acacia Mining, its
chief executive said on Thursday.
Read more
Avnet offers to buy UK's Premier Farnell for $911 mln
July 28 (Reuters) - U.S. electric component distributor
Avnet Inc agreed to buy Britain's Premier Farnell Plc
for 691 million pounds ($910.7 million) in cash,
becoming the second suitor for the...
Read more
Avnet Inc agreed to buy Britain's Premier Farnell Plc
for 691 million pounds ($910.7 million) in cash,
becoming the second suitor for the...
Read more
UPDATE 1-AstraZeneca earnings hit by waning cholesterol drug sales
* Drugmaker banking on cancer medicines for future growth
(Adds CEO comment and details on drugs)
Read more
(Adds CEO comment and details on drugs)
Read more
BRIEF-Blackbird Energy to acquire minority interest in Stage Completions
* Entered into an agreement for acquisition of an indirect
10% minority interest in stage completions inc
Read more
10% minority interest in stage completions inc
Read more
Wednesday, July 27, 2016
BRIEF-GE to sell its shares in GE Capital Interbanca SpA to Banca IFIS SpA
* Entered into an agreement with banca ifis s.p.a to sell
its shares in ge capital interbanca s.p.a in italy
Read more
its shares in ge capital interbanca s.p.a in italy
Read more
UPDATE 1-Technip upgrades 2016 target, costs savings ahead of schedule
PARIS, July 28 (Reuters) - French oil services company
Technip said on Thursday plans to cut spending due to
the fall in oil prices were ahead of schedule as it reported
better-than-expected second...
Read more
Technip said on Thursday plans to cut spending due to
the fall in oil prices were ahead of schedule as it reported
better-than-expected second...
Read more
Fosun agrees to buy KKR-backed Indian drug maker for $1.4 bln -source
HONG KONG, July 28 (Reuters) - Shanghai Fosun Pharmaceutical
Group Co Ltd has agreed to buy Gland
Pharma - which is backed by KKR & Co LP - for about $1.4
billion, a person with direct knowledge of...
Read more
Group Co Ltd has agreed to buy Gland
Pharma - which is backed by KKR & Co LP - for about $1.4
billion, a person with direct knowledge of...
Read more
UPDATE 1-Fosun agrees to buy KKR-backed Indian drugmaker for $1.4 bln -source
* Formal announcement likely Thursday -source
(Adds details context on Fosun, India's drug market, Gland
Pharma sale)
Read more
(Adds details context on Fosun, India's drug market, Gland
Pharma sale)
Read more
AllianceBernstein says will not proceed with Visium deal
July 27 (Reuters) - Asset manager AllianceBernstein Holding
LP said on Wednesday it will not proceed with a deal to
buy a fund from hedge fund Visium Asset Management LP.
Read more
LP said on Wednesday it will not proceed with a deal to
buy a fund from hedge fund Visium Asset Management LP.
Read more
BRIEF-AllianceBernstein says will not proceed with Visium Fund transaction
* " having determined that an opportunity involving Visium
Global Fund was not feasible, we will not proceed with
transaction"
Read more
Global Fund was not feasible, we will not proceed with
transaction"
Read more
PRESS DIGEST- British Business - July 28
July 28 (Reuters) - The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
BRIEF-Goldcorp Q2 loss per share $0.09
* Says 2016 guidance reconfirmed for gold production of
between 2.8 and 3.1 million ounces, at AISC of between $850 and
$925 per ounce
Read more
between 2.8 and 3.1 million ounces, at AISC of between $850 and
$925 per ounce
Read more
BRIEF-Hutchinson Technology says U.S. DOJ has opened an investigation relating to sale of suspension assemblies
* Says received a letter on july 26, 2016 from antitrust
division of U.S. Department of justice
Read more
division of U.S. Department of justice
Read more
UPDATE 2-Barrick Gold profit lifts, plans Australian mine sale
TORONTO, July 27 (Reuters) - Barrick Gold Corp, the
world's largest gold producer, reported a rise in second-quarter
profit on Wednesday and said it plans to sell its 50 percent
stake in a western...
Read more
world's largest gold producer, reported a rise in second-quarter
profit on Wednesday and said it plans to sell its 50 percent
stake in a western...
Read more
UPDATE 2-Wellness platform Sharecare to buy health business from Healthways
July 27 (Reuters) - Sharecare Inc, a U.S. health and
wellness online platform co-founded by TV personality Dr. Oz,
has agreed to acquire the healthy living business of peer
Healthways Inc, the...
Read more
wellness online platform co-founded by TV personality Dr. Oz,
has agreed to acquire the healthy living business of peer
Healthways Inc, the...
Read more
BRIEF-Marriott International Q2 earnings per share $0.96
* For FY sees standalone comparable systemwide REVPAR on
constant dollar basis will grow 3 percent in N. America, outside
n. America and worldwide
Read more
constant dollar basis will grow 3 percent in N. America, outside
n. America and worldwide
Read more
UPDATE 1-Wellness platform ShareCare to buy health business from Healthways -sources
July 27 (Reuters) - ShareCare Inc, a U.S. health and
wellness online platform co-founded by TV personality Dr. Oz,
has agreed to acquire the healthy living business of peer
Healthways Inc.
Read more
wellness online platform co-founded by TV personality Dr. Oz,
has agreed to acquire the healthy living business of peer
Healthways Inc.
Read more
BRIEF-Teva gets U.S. FTC clearance for Actavis Generics deal
* Teva receives clearance from the U.S. Federal Trade
Commission for Actavis Generics acquisition
Read more
Commission for Actavis Generics acquisition
Read more
Teva purchase of Allergan generics business approved with conditions
WASHINGTON, July 27 (Reuters) - Teva Pharmaceutical
Industries Ltd won U.S. antitrust approval to purchase
Allergan Plc's generics business, after agreeing to
divest more than 75 generic drugs to...
Read more
Industries Ltd won U.S. antitrust approval to purchase
Allergan Plc's generics business, after agreeing to
divest more than 75 generic drugs to...
Read more
CORRECTED-Petrobras expects bids for BR fuel unit by November -CEO
BRASILIA, July 27 (Reuters) - Brazil's state-controlled oil
company Petróleo Brasileiro SA expects to receive binding offers
for a controlling stake in its fuel distribution unit, BR
Distribuidora,...
Read more
company Petróleo Brasileiro SA expects to receive binding offers
for a controlling stake in its fuel distribution unit, BR
Distribuidora,...
Read more
SABMiller pauses integration work with AB InBev -sources
LONDON, July 27 (Reuters) - SABMiller has asked
employees to pause the process of integrating its operations
with those of Anheuser-Busch InBev as the brewer's
board weighs its sweetened takeover...
Read more
employees to pause the process of integrating its operations
with those of Anheuser-Busch InBev as the brewer's
board weighs its sweetened takeover...
Read more
Owners of Polish retail chain Zabka tap JPMorgan for $1.1 billion sale - sources
LONDON/WARSAW, July 27 (Reuters) - Private equity firm Mid
Europa Partners is pressing ahead with the sale of its Polish
convenience chain Zabka Polska and has asked JPMorgan to
handle negotiations...
Read more
Europa Partners is pressing ahead with the sale of its Polish
convenience chain Zabka Polska and has asked JPMorgan to
handle negotiations...
Read more
BRIEF-SABMiller said to order halt to AB InBev integration work - BBG, citing sources
* SABMiller Plc management has asked employees to stop work
on integrating operations with that of Anheuser-Busch InBev-
Bloomberg, citing sources
Source text - http://bloom.bg/2axANbS
Read more
on integrating operations with that of Anheuser-Busch InBev-
Bloomberg, citing sources
Source text - http://bloom.bg/2axANbS
Read more
McDonald's to create 5,000 jobs in Britain
LONDON, July 27 (Reuters) - McDonald's Corp said on
Wednesday it would create over 5,000 jobs in Britain by the end
of 2017, in a sign of its commitment to the country despite the
challenging...
Read more
Wednesday it would create over 5,000 jobs in Britain by the end
of 2017, in a sign of its commitment to the country despite the
challenging...
Read more
Stay local, act fast: tiny Spanish bank offers survival manual for Italian peers
ONTINYENT, Spain, July 27 (Reuters) - The patient had made
an appointment to see the surgeon at his consulting room in the
local hospital, but when he arrived, he told Dr Antonio
Carbonell he wasn't...
Read more
an appointment to see the surgeon at his consulting room in the
local hospital, but when he arrived, he told Dr Antonio
Carbonell he wasn't...
Read more
Mondelez CEO confirms made offer to purchase Hershey
LOS ANGELES, July 27 (Reuters) - Mondelez International Inc
Chief Executive Irene Rosenfeld on Wednesday confirmed
that the company made an offer to purchase Hershey Co.
Read more
Chief Executive Irene Rosenfeld on Wednesday confirmed
that the company made an offer to purchase Hershey Co.
Read more
EU mergers and takeovers (July 27)
BRUSSELS, July 27 (Reuters) - The following are mergers
under review by the European Commission and a brief guide to the
EU merger process:
Read more
under review by the European Commission and a brief guide to the
EU merger process:
Read more
BRIEF-Exelon says unit to acquire retail electricity and natural gas business from ConEdison Solutions
* Constellation acquiring retail electricity and natural gas
business from Conedison Solutions
Read more
business from Conedison Solutions
Read more
REFILE-Iliad's Niel says holds no Telecom Italia shares or options
PARIS, July 27 (Reuters) - Iliad founder and
majority owner Xavier Niel is no longer financially exposed to
Italy's number one telecoms operator Telecom Italia,
his personal holding NJJ Holding said...
Read more
majority owner Xavier Niel is no longer financially exposed to
Italy's number one telecoms operator Telecom Italia,
his personal holding NJJ Holding said...
Read more
Australia foreign investment watchdog OKs $6.8 bln Asciano takeover
SYDNEY, July 27 (Reuters) - Australia's foreign investment
watchdog cleared the A$9.1 billion ($6.8 billion) buyout of port
and rail freight giant Asciano Ltd, the company said on
Wednesday, paving...
Read more
watchdog cleared the A$9.1 billion ($6.8 billion) buyout of port
and rail freight giant Asciano Ltd, the company said on
Wednesday, paving...
Read more
PRESS DIGEST - Wall Street Journal - July 27
July 27 (Reuters) - The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Read more
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Read more
Tuesday, July 26, 2016
UPDATE 3-Tesla's Musk sees 'modest' capital raise for next strategic turn
SPARKS, Nevada, July 26 (Reuters) - Tesla Motors Inc's
next strategic turn could cost the electric car maker
"tens of billions" of dollars over the long term, but will
likely require only a "modest"...
Read more
next strategic turn could cost the electric car maker
"tens of billions" of dollars over the long term, but will
likely require only a "modest"...
Read more
Samsonite says shareholders back Tumi deal, completion in early August
HONG KONG, July 27 (Reuters) - Samsonite International S.A.
said its shareholders have approved its plan to buy
luggage maker Tumi Holdings Inc, as the world's biggest
luggage group expands in the...
Read more
said its shareholders have approved its plan to buy
luggage maker Tumi Holdings Inc, as the world's biggest
luggage group expands in the...
Read more
UPDATE 1-Telefonica Brasil boosts merger outlook, but profit down
SAO PAULO, July 26 (Reuters) - Telefonica Brasil SA
, the biggest telecommunications company in the
country, raised its forecast for savings from a major merger,
although one-time personnel costs...
Read more
, the biggest telecommunications company in the
country, raised its forecast for savings from a major merger,
although one-time personnel costs...
Read more
LogMeIn to merge with Citrix's GoTo unit in all-stock deal
July 26 (Reuters) - LogMeIn Inc and a unit of
Citrix Systems Inc that makes software products such as
GoToMeeting said on Tuesday they are merging in an all-stock
deal to create a $1.8 billion...
Read more
Citrix Systems Inc that makes software products such as
GoToMeeting said on Tuesday they are merging in an all-stock
deal to create a $1.8 billion...
Read more
UPDATE 2-Energisa prices Brazil stock offering near ceiling amid heavy demand
SAO PAULO, July 26 (Reuters) - Energisa SA priced an
offering of new stock near the upper end of a suggested range on
Tuesday, signaling an upbeat industry outlook and strong
investor demand...
Read more
offering of new stock near the upper end of a suggested range on
Tuesday, signaling an upbeat industry outlook and strong
investor demand...
Read more
BRIEF-LogMeIn says if deal terminated, co to pay Citrix termination fee of $62 mln
* Deal provides that co will reimburse Citrix's, GetGo's
expenses up to $10 million if merger agreement is terminated by
either party
Read more
expenses up to $10 million if merger agreement is terminated by
either party
Read more
BRIEF-S&P lowers Analog Devices rating to 'BBB' from 'A-' on acquisition plan
* Analog Devices Inc rating is lowered to 'BBB' from 'A-' on
acquisition plan; outlook negative
Read more
acquisition plan; outlook negative
Read more
UPDATE 1-China's LeEco to buy U.S. TV maker Vizio for $2 bln
July 26 (Reuters) - China's Le Holdings Co Ltd,
also known as LeEco, said on Tuesday it would buy U.S. consumer
electronics company Vizio Inc for $2 billion.
Read more
also known as LeEco, said on Tuesday it would buy U.S. consumer
electronics company Vizio Inc for $2 billion.
Read more
UPDATE 2-Nidec seen as frontrunner for Emerson's motor unit - sources
July 26 (Reuters) - Japan's Nidec Corp has emerged
as the frontrunner to buy Emerson Electric Co's motors
and drives unit in a deal estimated to be about $1 billion,
according to two sources familiar...
Read more
as the frontrunner to buy Emerson Electric Co's motors
and drives unit in a deal estimated to be about $1 billion,
according to two sources familiar...
Read more
BRIEF-Amerijet Holdings says co being acquired by ZS Fund LP
* Amerijet Holdings Inc says co being acquired by ZS Fund
L.P from an affiliate of H.I.G. Capital
Source text:
(Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223
8780)
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L.P from an affiliate of H.I.G. Capital
Source text:
(Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223
8780)
Read more
UPDATE 1-Spain's OHL in talks over buyout of Mexican unit
MADRID, July 26 (Reuters) - Spanish construction group OHL
confirmed on Tuesday it was in preliminary talks with
an unnamed investment fund over a joint bid to take its Mexican
unit private.
Read more
confirmed on Tuesday it was in preliminary talks with
an unnamed investment fund over a joint bid to take its Mexican
unit private.
Read more
BRIEF-Republic Bank to buy Oak Mortgage Co
* Republic Bank to acquire Marlton-based Oak Mortgage
Company expands into residential mortgage lending
Read more
Company expands into residential mortgage lending
Read more
BRIEF-LVMH CFO says Marc Jacobs brand is not for sale
* CFO says Marc Jacobs brand is not for sale, believes in
long-term value of the brand
Source text for Eikon:
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long-term value of the brand
Source text for Eikon:
Further company coverage:
(Reporting by Paris Newsroom)
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UPDATE 4-Verizon posts subscriber gain shortfall, says Yahoo to fuel media push
July 26 (Reuters) - Verizon Communications Inc
disappointed Wall Street on Tuesday by reporting a
smaller-than-expected subscriber gain for its main wireless
business, and its CEO gave few details...
Read more
disappointed Wall Street on Tuesday by reporting a
smaller-than-expected subscriber gain for its main wireless
business, and its CEO gave few details...
Read more
BRIEF-Cars.com reaches agreement to acquire Dealerrater
* Cars.com - Terms of transaction were not disclosed
Source text for Eikon:
Further company coverage:
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Read more
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom; +1 646 223 8780)
Read more
BRIEF-A10 Networks says acquires Appcito
* Says new a10 harmony-based cloud offerings that integrate
appcito technology will be available beginning in 2016
Source text for Eikon:
Further company coverage:
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appcito technology will be available beginning in 2016
Source text for Eikon:
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Investment firm to fuse startup culture with U.S. intelligence complex
SAN FRANCISCO, July 26 (Reuters) - A Silicon Valley venture
capitalist, an ex-Navy SEAL and a former U.S. Central
Intelligence Agency officer have banded together to form a
company to fund and...
Read more
capitalist, an ex-Navy SEAL and a former U.S. Central
Intelligence Agency officer have banded together to form a
company to fund and...
Read more
Dow, DuPont seek EU okay for $130 bln deal with concessions
BRUSSELS, July 26 - U.S. chemical giants Dow Chemical Co
and DuPont have offered concessions in a bid to
allay EU antitrust concerns about their proposed $130 billion
merger.
Read more
and DuPont have offered concessions in a bid to
allay EU antitrust concerns about their proposed $130 billion
merger.
Read more
DuPont profit rises 8.5 percent as costs fall
July 26(Reuters) - Chemicals and seeds producer DuPont
reported an 8.5 percent rise in quarterly profit, helped
by lower costs.
Read more
reported an 8.5 percent rise in quarterly profit, helped
by lower costs.
Read more
UPDATE 2-Brewer AB InBev raises offer for rival SABMiller
* SABMiller reviewing stance with shareholders
(Adds more on SABMiller reaction, analyst comment)
Read more
(Adds more on SABMiller reaction, analyst comment)
Read more
BRIEF-Marketing Group acquires Ulysses Ltd, enters American market
* Enters American market via acquisition of Ulysses Ltd and its subsidiaries Wilkin
Marketing, Skye, Marker Metro and Clickverta
Read more
Marketing, Skye, Marker Metro and Clickverta
Read more
McDonald's seeks franchise partners for Singapore, Malaysia stores
HONG KONG/SINGAPORE, July 26 (Reuters) - McDonald's Corp
said it is seeking franchise partners for its
restaurants in Malaysia and Singapore as part of its move to
away from direct ownership and...
Read more
said it is seeking franchise partners for its
restaurants in Malaysia and Singapore as part of its move to
away from direct ownership and...
Read more
BRIEF-SABMiller says to continue review revised AB InBev offer
* Notes announcement by AB InBev that it has made a revised
and final offer for entire issued and to be issued share capital
of SABMiller
Read more
and final offer for entire issued and to be issued share capital
of SABMiller
Read more
S.Korea's NHN Entertainment in talks over potential purchase of McDonald's unit
SEOUL, July 26 (Reuters) - South Korea's NHN Entertainment
Corp said on Tuesday it was in talks with KG Group,
parent of electronic payment service provider KG Chemical Corp
, about potentially...
Read more
Corp said on Tuesday it was in talks with KG Group,
parent of electronic payment service provider KG Chemical Corp
, about potentially...
Read more
Ofcom orders BT to run Openreach as separate company
LONDON, July 26 (Reuters) - British regulator Ofcom on
Tuesday said BT's network division should become a
legally separate company within the telecoms group, to boost
broadband coverage and avoid the...
Read more
Tuesday said BT's network division should become a
legally separate company within the telecoms group, to boost
broadband coverage and avoid the...
Read more
UPDATE 1-Ofcom orders BT to run network division as separate company
LONDON, July 26 (Reuters) - British regulator Ofcom on
Tuesday said BT's network division should become a
legally separate company within the telecoms group, to improve
broadband coverage and avoid...
Read more
Tuesday said BT's network division should become a
legally separate company within the telecoms group, to improve
broadband coverage and avoid...
Read more
Monday, July 25, 2016
PRESS DIGEST- Financial Times - July 26
July 26 (Reuters) - The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
PRESS DIGEST- British Business - July 26
July 26 (Reuters) - The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
COLUMN-Ongoing shareholder suit could be snag for Yahoo sale: Frankel
NEW YORK July 25 (Reuters) - Yahoo announced plans Monday to
sell its Internet communications business to Verizon for $4.83
billion while retaining its $40 billion stakes in Yahoo Japan
and Alibaba,...
Read more
sell its Internet communications business to Verizon for $4.83
billion while retaining its $40 billion stakes in Yahoo Japan
and Alibaba,...
Read more
BRIEF-Klondex to acquire the hollister mine
* Klondex announces agreement to acquire the hollister mine
and c$100 million subscription receipt offering
Read more
and c$100 million subscription receipt offering
Read more
BRIEF-Element Financial Corp board unanimously approves plan to separate into two market leading companies
* Board unanimously approved plans to proceed with
reorganization of element into two separate publicly-traded
companies
Read more
reorganization of element into two separate publicly-traded
companies
Read more
BRIEF-Anchor Bancorp retains investment banking firm to pursue strategic alternatives
* Engaged Keefe Bruyette & Woods to assist it in identifying
and evaluating various strategic options
Read more
and evaluating various strategic options
Read more
UPDATE 1-Hedge fund Marcato takes stake in Buffalo Wild Wings
BOSTON, July 25 (Reuters) - Activist hedge fund Marcato
Capital Management said on Monday it had acquired a 5.1 percent
stake in casual restaurant chain Buffalo Wild Wings, sending the
company's...
Read more
Capital Management said on Monday it had acquired a 5.1 percent
stake in casual restaurant chain Buffalo Wild Wings, sending the
company's...
Read more
UPDATE 1-SunOpta draws private equity interest, 2nd activist emerges-sources
July 25 (Reuters) - Canadian organic food company SunOpta
Inc, already under pressure from U.S. hedge fund
Tourbillon Capital Partners LP, is being prodded by a second
activist shareholder to explore...
Read more
Inc, already under pressure from U.S. hedge fund
Tourbillon Capital Partners LP, is being prodded by a second
activist shareholder to explore...
Read more
Hedge fund Marcato takes stake in Buffalo Wild Wings
BOSTON, July 25 (Reuters) - Activist hedge fund Marcato
Capital Management said on Monday it had acquired a 5.1 percent
stake in casual restaurant chain Buffalo Wild Wings.
Read more
Capital Management said on Monday it had acquired a 5.1 percent
stake in casual restaurant chain Buffalo Wild Wings.
Read more
SunOpta draws private equity interest, 2nd activist emerges-sources
July 25 (Reuters) - Canadian organic food company SunOpta
Inc, already under pressure from U.S. hedge fund
Tourbillon Capital Partners LP, is being prodded by a second
activist shareholder to explore...
Read more
Inc, already under pressure from U.S. hedge fund
Tourbillon Capital Partners LP, is being prodded by a second
activist shareholder to explore...
Read more
EverBank working with UBS to explore sale - Bloomberg
July 25 (Reuters) - Florida-based EverBank Financial Corp
is exploring a sale after receiving interest from a
potential buyer, Bloomberg reported on Monday, citing people
familiar with the matter.
Read more
is exploring a sale after receiving interest from a
potential buyer, Bloomberg reported on Monday, citing people
familiar with the matter.
Read more
UPDATE 3-Verizon to buy Yahoo's core business for $4.8 bln in digital ad push
NEW YORK, July 25 (Reuters) - Verizon Communications Inc
said on Monday it would buy Yahoo Inc's core
internet properties for $4.83 billion in cash to expand its
digital advertising and media...
Read more
said on Monday it would buy Yahoo Inc's core
internet properties for $4.83 billion in cash to expand its
digital advertising and media...
Read more
BRIEF-Purpose investments- co and redwood asset management entered definitive agreement pursuant to which co will acquire all outstanding shares of redwood
* Purpose Investments and Redwood Asset Management entered
definitive agreement pursuant to which company will acquire all
outstanding shares of Redwood
Read more
definitive agreement pursuant to which company will acquire all
outstanding shares of Redwood
Read more
DEALTALK-Buyout funds eye alliances for SABMiller's Pilsner, east Europe brands
LONDON/PRAGUE, July 25 (Reuters) - U.S. and European buyout
funds are gearing up for SABMiller's sale of its central
and eastern European beer brands, with some seeking to
join forces to snap up...
Read more
funds are gearing up for SABMiller's sale of its central
and eastern European beer brands, with some seeking to
join forces to snap up...
Read more
BRIEF-Workspace Property Trust to buy 108 properties for $969 mln from Liberty Property Trust
* Workspace Property Trust to buy 108 properties for $969
million from Liberty Property Trust
Read more
million from Liberty Property Trust
Read more
UPDATE 1-E*Trade to buy online brokerage OptionsHouse for $725 mln
July 25 (Reuters) - E*Trade Financial Corp said it
would buy the parent of online brokerage OptionsHouse for $725
million in cash, as the company looks to better compete in
derivatives trading.
Read more
would buy the parent of online brokerage OptionsHouse for $725
million in cash, as the company looks to better compete in
derivatives trading.
Read more
BRIEF-Bind Therapeutics says two bidders join Pfizer's stalking horse bid
* Bids are in addition to pfizer inc.'s initial stalking
horse bid of approximately $20 million under section 363 of u.s.
Bankruptcy code
Read more
horse bid of approximately $20 million under section 363 of u.s.
Bankruptcy code
Read more
BRIEF-Verizon's Marni Walden, asked if Marissa Mayer is staying- "due to abnormal process, have yet to determine who new leaders will be" - CNBC
* Verizon's Marni Walden on CNBC, asked if Marissa Mayer is
staying - "due to abnormal process, have yet to determine who
new leaders will be"
Source text: (http://bit.ly/2a5uSOK)
(Bengaluru...
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staying - "due to abnormal process, have yet to determine who
new leaders will be"
Source text: (http://bit.ly/2a5uSOK)
(Bengaluru...
Read more
RPT-DEALTALK-U.S. government's bid to block insurance mergers could spawn new ones
July 22 (Reuters) - The potential bust-up of two mega deals
among America's largest health insurance companies may have an
unintended result - more mergers.
Read more
among America's largest health insurance companies may have an
unintended result - more mergers.
Read more
BRIEF-Teradata acquires Big Data Partnership Consultancy
* Teradata acquires big data partnership consultancy,
expands open source analytics services
Read more
expands open source analytics services
Read more
Deals of the day- Mergers and acquisitions
July 25 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1000 GMT on Monday:
Read more
acquisitions and disposals were reported by 1000 GMT on Monday:
Read more
BT willing to give greater autonomy to Openreach unit-chairman
LONDON, July 25 (Reuters) - BT is willing to give
more autonomy to its Openreach network division, creating an
independent board with a greater say over investment, its
chairman said on Monday ahead...
Read more
more autonomy to its Openreach network division, creating an
independent board with a greater say over investment, its
chairman said on Monday ahead...
Read more
UPDATE 1-LVMH sells Donna Karan to G-III in $650 million deal
PARIS, July 25 (Reuters) - French luxury group LVMH
has agreed to sell Donna Karan International to
American manufacturing and licensing company G-III Apparel Group
in a deal valuing the fashion...
Read more
has agreed to sell Donna Karan International to
American manufacturing and licensing company G-III Apparel Group
in a deal valuing the fashion...
Read more
Sunday, July 24, 2016
G-III Apparel Group to buy Donna Karan from LVMH
PARIS, July 25 (Reuters) - U.S fashion designer G-III
Apparel Group Ltd. reached a definitive agreement to
buy Donna Karan International from French luxury group LVMH
for an enterprise value of $650...
Read more
Apparel Group Ltd. reached a definitive agreement to
buy Donna Karan International from French luxury group LVMH
for an enterprise value of $650...
Read more
BRIEF-G-III Apparel Group to buy Donna Karan International from LVMH
* G-Iii will acquire donna karan international in a transaction with an enterprise value of
$650 million
Read more
$650 million
Read more
PRESS DIGEST - Wall Street Journal - July 25
July 25 (Reuters) - The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Read more
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Read more
PRESS DIGEST- Financial Times - July 25
July 25 (Reuters) - The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
UPDATE 1-Verizon to announce $5 billion deal to buy Yahoo Monday -source
July 24 (Reuters) - Verizon Communications Inc will
announce an agreement on Monday to buy Yahoo Inc for
about $5 billion, according to a person familiar with the
matter.
Read more
announce an agreement on Monday to buy Yahoo Inc for
about $5 billion, according to a person familiar with the
matter.
Read more
PRESS DIGEST- British Business - July 25
July 25 - The following are the top stories on the business
pages of British newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
pages of British newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
Verizon to announce $5 billion deal to buy Yahoo Monday -source
July 24 (Reuters) - Verizon Communications Inc will
announce an agreement on Monday to buy Yahoo Inc for
about $5 billion, according to a person familiar with the
matter.
Read more
announce an agreement on Monday to buy Yahoo Inc for
about $5 billion, according to a person familiar with the
matter.
Read more
Aeropostale accuses Sycamore Partners of 'loan to own' scheme
July 23 (Reuters) - Bankrupt U.S. teen retailer Aeropostale
filed a motion against its lender, private equity
firm Sycamore Partners, in bankruptcy court late on Friday,
accusing it of plotting a...
Read more
filed a motion against its lender, private equity
firm Sycamore Partners, in bankruptcy court late on Friday,
accusing it of plotting a...
Read more
Corporate raiders seek Brexit bargains in Britain
LONDON, July 24 (Reuters) - Overseas buyers lured by a
plunge in the pound are looking to snare British companies on
the cheap, ensuring a steady flow of deals since Britain voted
to leave the...
Read more
plunge in the pound are looking to snare British companies on
the cheap, ensuring a steady flow of deals since Britain voted
to leave the...
Read more
Saturday, July 23, 2016
REFILE-UPDATE 2-Hershey Trust reaches in-principle reform agreement
July 22 (Reuters) - The board of the charitable trust that
controls Hershey Co said on Friday it had reached an
in-principle agreement with the Pennsylvania Attorney General's
office that would avoid...
Read more
controls Hershey Co said on Friday it had reached an
in-principle agreement with the Pennsylvania Attorney General's
office that would avoid...
Read more
Friday, July 22, 2016
DEALTALK-U.S. government's bid to block insurance mergers could spawn new ones
July 22 (Reuters) - The potential bust-up of two mega deals
among America's largest health insurance companies may have an
unintended result - more mergers.
Read more
among America's largest health insurance companies may have an
unintended result - more mergers.
Read more
UPDATE 1-Brazil's Petrobras plans to sell voting control of BR fuels unit
SAO PAULO/RIO DE JANEIRO, July 22 (Reuters) - Brazil's
Petróleo Brasileiro SA said on Friday it plans to sell voting
control of Petrobras Distribuidora SA after a bidding round for
a minority stake...
Read more
Petróleo Brasileiro SA said on Friday it plans to sell voting
control of Petrobras Distribuidora SA after a bidding round for
a minority stake...
Read more
REFILE-Hershey Trust nears governance settlement with Pennsylvania AG-sources
July 22 (Reuters) - The board of the charitable trust that
controls Hershey Co is nearing a resolution with the
Pennsylvania Attorney General's office that would avoid a legal
row in exchange for...
Read more
controls Hershey Co is nearing a resolution with the
Pennsylvania Attorney General's office that would avoid a legal
row in exchange for...
Read more
Petrobras to sell voting control of fuel unit to facilitate sale
SAO PAULO, July 22 (Reuters) - Brazil's state-controlled
Petróleo Brasileiro SA plans to sell voting control of Petrobras
Distribuidora SA, after a bidding round for a minority stake put
a low price...
Read more
Petróleo Brasileiro SA plans to sell voting control of Petrobras
Distribuidora SA, after a bidding round for a minority stake put
a low price...
Read more
REFILE-Unsecured creditors seek quick end to Sports Authority bankruptcy
WILMINGTON, Del., July 22 (Reuters) - Unsecured creditors of
the bankrupt retailer Sports Authority are seeking to convert
the case to a quick liquidation, saying in a Friday court filing
the company...
Read more
the bankrupt retailer Sports Authority are seeking to convert
the case to a quick liquidation, saying in a Friday court filing
the company...
Read more
BRIEF-Steris acquired Medisafe Holdings for about £27 mln - SEC
* Effective July 22, co has acquired Medisafe Holdings Ltd
for approximately £27 million - SEC filing
Source text for Eikon:
Further company coverage:
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for approximately £27 million - SEC filing
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
L'Oreal buys IT Cosmetics for $1.2 billion
PARIS, July 22 (Reuters) - Cosmetics company L'Oreal
has agreed to buy IT Cosmetics, a U.S. maker of beauty
products for women with severe skin conditions, for $1.2
billion, the French firm said on...
Read more
has agreed to buy IT Cosmetics, a U.S. maker of beauty
products for women with severe skin conditions, for $1.2
billion, the French firm said on...
Read more
Development bank EBRD says to "stay engaged" in Turkey
LONDON, July 22 (Reuters) - The European Bank for
Reconstruction and Development said on Friday it will continue
to lend in Turkey following the failed coup attempt in the
country and subsequent...
Read more
Reconstruction and Development said on Friday it will continue
to lend in Turkey following the failed coup attempt in the
country and subsequent...
Read more
UPDATE 1-Development bank EBRD says to "stay engaged" in Turkey
LONDON, July 22 (Reuters) - The European Bank for
Reconstruction and Development said on Friday it will continue
to lend in Turkey following the failed coup attempt in the
country and subsequent...
Read more
Reconstruction and Development said on Friday it will continue
to lend in Turkey following the failed coup attempt in the
country and subsequent...
Read more
UPDATE 2-Verizon emerges as front-runner in Yahoo auction -sources
July 22 (Reuters) - Yahoo Inc is focused on selling
its core business to U.S. telecommunications company Verizon
Communications Inc after reviewing final bids that it
received this week, people...
Read more
its core business to U.S. telecommunications company Verizon
Communications Inc after reviewing final bids that it
received this week, people...
Read more
Verizon nearing deal to acquire Yahoo's core business - Bloomberg
July 22 (Reuters) - Verizon Communications Inc is the
lead bidder to acquire Yahoo Inc's core business,
Bloomberg reported on Friday.
Read more
lead bidder to acquire Yahoo Inc's core business,
Bloomberg reported on Friday.
Read more
BRIEF-Verizon is nearing deal to acquire Yahoo - Bloomberg
* Verizon is nearing a deal to acquire Yahoo - Bloomberg
Source text: (http://bloom.bg/2adLiBj)
(Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223
8780)
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Source text: (http://bloom.bg/2adLiBj)
(Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223
8780)
Read more
Deals of the day- Mergers and acquisitions
July 22 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1000 GMT on Friday:
Read more
acquisitions and disposals were reported by 1000 GMT on Friday:
Read more
U.S. FDA raises concerns over Valeant's eye drop
July 22(Reuters) - Valeant Pharmaceuticals International
said on Friday U.S. regulators have raised
concerns over a new eye drop manufactured at a Bausch + Lomb
facility in Florida.
Read more
said on Friday U.S. regulators have raised
concerns over a new eye drop manufactured at a Bausch + Lomb
facility in Florida.
Read more
BRIEF-Premier Farnell says U.S. clears Daetwyler deal
* Datwyler, Premier Farnell announce United States Federal
Trade Commission has granted early termination of waiting period
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Trade Commission has granted early termination of waiting period
Source text for Eikon:
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LVMH arm buys slice of Seoul cosmetics firm CLIO as S.Korea beauty business booms
SEOUL, July 22 (Reuters) - An investment arm of French
luxury goods giant LVMH said it took a minority stake
in South Korea's CLIO Cosmetics, swelling the ranks of global
investors placing a bet on...
Read more
luxury goods giant LVMH said it took a minority stake
in South Korea's CLIO Cosmetics, swelling the ranks of global
investors placing a bet on...
Read more
Thursday, July 21, 2016
PRESS DIGEST- British Business - July 22
July 22 (Reuters) - The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
PRESS DIGEST- Financial Times - July 22
July 22 (Reuters) - The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
UPDATE 1-Goldman Sachs raising $5 bln-$8 bln for private equity fund -source
July 21 (Reuters) - Goldman Sachs Group Inc will
start marketing a new corporate buyout fund of $5 billion to $8
billion, its first such fund since the 2008 financial crisis,
according to a source...
Read more
start marketing a new corporate buyout fund of $5 billion to $8
billion, its first such fund since the 2008 financial crisis,
according to a source...
Read more
BRIEF-Yadkin Financial to pay F.N.B. $45 mln if merger is terminated
* If merger agreement is terminated under certain
circumstances, Yadkin has agreed to pay F.N.B. a termination fee
of $45.0 million
Source text for Eikon:
Further company coverage:
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circumstances, Yadkin has agreed to pay F.N.B. a termination fee
of $45.0 million
Source text for Eikon:
Further company coverage:
(Bengaluru...
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UPDATE 1-Visa profit tops estimates; sets $5 bln buyback
July 21 (Reuters) - Visa Inc, the world's largest
payments network operator, reported a higher-than-expected
quarterly profit and announced a $5 billion share buyback
program.
Read more
payments network operator, reported a higher-than-expected
quarterly profit and announced a $5 billion share buyback
program.
Read more
UPDATE 2-Brazil lets Goais state assume power company Celgpar's debt
BRASILIA, July 21 (Reuters) - The Brazilian government on
Thursday authorized the state of Goias to assume 1.9 billion
reais ($583 million) of debt owed by its energy holding company
Celg de...
Read more
Thursday authorized the state of Goias to assume 1.9 billion
reais ($583 million) of debt owed by its energy holding company
Celg de...
Read more
Odebrecht Peru deal hits snag as banks fret over $4.1 bln loan -sources
SAO PAULO/LIMA, July 21 (Reuters) - Lenders could accelerate
the disbursement of a $4.125 billion loan to Peruvian gas
pipeline operator Gasoducto Sur Peruano GSP SA if Brazilian
engineering group...
Read more
the disbursement of a $4.125 billion loan to Peruvian gas
pipeline operator Gasoducto Sur Peruano GSP SA if Brazilian
engineering group...
Read more
Deals of the day- Mergers and acquisitions
July 21 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on
Thursday:
Read more
acquisitions and disposals were reported by 2000 GMT on
Thursday:
Read more
Daimler accelerates electric car plans, sees higher R&D spending
FRANKFURT, July 21 (Reuters) - Germany's Daimler
which owns the Mercedes-Benz luxury brand, has accelerated
development of premium electric cars, Chief Executive Dieter
Zetsche said, adding he saw...
Read more
which owns the Mercedes-Benz luxury brand, has accelerated
development of premium electric cars, Chief Executive Dieter
Zetsche said, adding he saw...
Read more
UPDATE 3-Johnson Controls earnings beat; Tyco closing moved up
July 21 (Reuters) - Johnson Controls Inc, a
multi-industry U.S. manufacturer, on Thursday reported
higher-than-expected quarterly earnings and said it would
complete its purchase of Tyco...
Read more
multi-industry U.S. manufacturer, on Thursday reported
higher-than-expected quarterly earnings and said it would
complete its purchase of Tyco...
Read more
UPDATE 1-Amazon enters student loan business in partnership with Wells Fargo
July 21 (Reuters) - Amazon.com Inc is entering the
student loan business in a partnership with Wells Fargo & Co
, the companies announced Thursday.
Read more
student loan business in a partnership with Wells Fargo & Co
, the companies announced Thursday.
Read more
UPDATE 1-Liberty Media CEO made offer for Pandora in recent months - WSJ
July 21 (Reuters) - Liberty Media Corp Chief
Executive Greg Maffei made an offer to buy internet radio
company Pandora Media Inc in recent months, valuing the
company at more than $3.4 billion, the...
Read more
Executive Greg Maffei made an offer to buy internet radio
company Pandora Media Inc in recent months, valuing the
company at more than $3.4 billion, the...
Read more
Liberty Media CEO made offer for Pandora in recent months - WSJ
July 21 (Reuters) - Liberty Media Corp Chief
Executive Greg Maffei made an offer to buy internet radio
company Pandora Media Inc in recent months, the Wall
Street Journal reported.
Read more
Executive Greg Maffei made an offer to buy internet radio
company Pandora Media Inc in recent months, the Wall
Street Journal reported.
Read more
UPDATE 1-ExxonMobil to buy InterOil for about $2.5 bln
July 21 (Reuters) - ExxonMobil Corp said on Thursday
it would buy InterOil Corp for more than $2.5 billion in
stock, adding a gas field to expand its exports from Papua New
Guinea.
Read more
it would buy InterOil Corp for more than $2.5 billion in
stock, adding a gas field to expand its exports from Papua New
Guinea.
Read more
U.S. pauses review of Verizon deal to buy XO Holdings
WASHINGTON, July 21 (Reuters) - The U.S. Federal
Communications Commission said Thursday it is pausing its review
of Verizon Communication Inc's planned $1.8 billion
acquisition of Carl Icahn's XO...
Read more
Communications Commission said Thursday it is pausing its review
of Verizon Communication Inc's planned $1.8 billion
acquisition of Carl Icahn's XO...
Read more
UPDATE 1-U.S. regulators to block Anthem-Cigna, Aetna-Humana deals Thursday-source
NEW YORK, July 21 (Reuters) - U.S. antitrust regulators will
announce on Thursday plans to file lawsuits to block two
separate health insurance mergers, Anthem Inc's
purchase of Cigna Corp and Aetna...
Read more
announce on Thursday plans to file lawsuits to block two
separate health insurance mergers, Anthem Inc's
purchase of Cigna Corp and Aetna...
Read more
UPDATE 1-MasterCard to buy 92.4 pct of UK-based VocaLink for $920 mln
July 21 (Reuters) - MasterCard Inc said it would buy
92.4 percent stake in London-based VocaLink Holdings Ltd for
about $920 million (700 million pounds) as the world's No.2
payment network provider...
Read more
92.4 percent stake in London-based VocaLink Holdings Ltd for
about $920 million (700 million pounds) as the world's No.2
payment network provider...
Read more
U.S. regulators to block Anthem-Cigna, Aetna-Humana deals Thursday-source
NEW YORK, July 21 (Reuters) - U.S. antitrust regulators will
announce on Thursday plans to file lawsuits to block two
separate health insurance mergers, Anthem Inc.'s
purchase of Cigna Corp. and...
Read more
announce on Thursday plans to file lawsuits to block two
separate health insurance mergers, Anthem Inc.'s
purchase of Cigna Corp. and...
Read more
MasterCard to buy 92.4 pct of UK-based VocaLink for $920 mln
July 21 (Reuters) - MasterCard Inc said it had agreed
to buy 92.4 percent of the UK-based VocaLink Holdings Ltd for
about $920 million (700 million pounds), after adjusting for
cash and certain...
Read more
to buy 92.4 percent of the UK-based VocaLink Holdings Ltd for
about $920 million (700 million pounds), after adjusting for
cash and certain...
Read more
BRIEF-RBS sees 150 mln stg pretax gain from VocaLink sale
* RBS expects to report an initial pre-tax gain of
approximately 150 mln stg on completion of VocaLink deal
Source text for Eikon:
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approximately 150 mln stg on completion of VocaLink deal
Source text for Eikon:
Further company coverage:
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RPT-Silicon Valley's Yahoo diaspora mourns company's decline
SAN FRANCISCO July 21 (Reuters) - Former Yahoo executive Dan
Rosensweig has not worked at the pioneering internet company in
nearly a decade.
Read more
Rosensweig has not worked at the pioneering internet company in
nearly a decade.
Read more
PRESS DIGEST- Canada - July 21
July 21 (Reuters) - The following are the top stories from
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
BRIEF-Monotype says to buy Olapic for about $130 mln
* Also plans to issue approximately $19 million worth of
stock awards, which vest over time, to founders and employees of
Olapic
Read more
stock awards, which vest over time, to founders and employees of
Olapic
Read more
PRESS DIGEST-Canada - July 21
July 21 (Reuters) - The following are the top stories from
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
UPDATE 5-AB InBev, SABMiller deal wins U.S. approval, adds craft beer protections
NEW YORK, July 21 (Reuters) - Brewers Anheuser-Busch InBev
and SABMiller received U.S. antitrust approval
for their $107 billion merger on Wednesday, bringing the
largest-ever consumer products deal...
Read more
and SABMiller received U.S. antitrust approval
for their $107 billion merger on Wednesday, bringing the
largest-ever consumer products deal...
Read more
Silicon Valley's Yahoo diaspora mourns company's decline
SAN FRANCISCO July 21 (Reuters) - Former Yahoo executive Dan
Rosensweig has not worked at the pioneering internet company in
nearly a decade.
Read more
Rosensweig has not worked at the pioneering internet company in
nearly a decade.
Read more
UPDATE 1-Galenica to buy biotech firm Relypsa for $1.5 bln before break-up
July 21 (Reuters) - Galenica has agreed to buy U.S.
biotech firm Relypsa for $1.53 billion in cash to
strengthen its Vifor Pharma unit ahead of splitting up the Swiss
healthcare group.
Read more
biotech firm Relypsa for $1.53 billion in cash to
strengthen its Vifor Pharma unit ahead of splitting up the Swiss
healthcare group.
Read more
Vanke seals deal with Blackstone, chips in $583 mln
HONG KONG, July 21 (Reuters) - Developer China Vanke Co Ltd
said on Thursday it and its partners have sealed a
$1.9 billion deal with Blackstone Group LP and third
parties, with itself putting in...
Read more
said on Thursday it and its partners have sealed a
$1.9 billion deal with Blackstone Group LP and third
parties, with itself putting in...
Read more
Wednesday, July 20, 2016
BRIEF-Technip awarded MSA for SCT&E LNG's Monkey Island project in Louisiana, USA
* Technip awarded Master Services Agreement (MSA) for SCT&E
LNG's Monkey Island project in Louisiana, USA
Read more
LNG's Monkey Island project in Louisiana, USA
Read more
UPDATE 1-Singapore says has seized S$240 million in assets in 1MDB-related probe
SINGAPORE, July 21 (Reuters) - Singapore authorities have
seized assets worth S$240 million ($176.82 million) in an
investigation of 1MDB-related fund flows for possible money
laundering, in a probe...
Read more
seized assets worth S$240 million ($176.82 million) in an
investigation of 1MDB-related fund flows for possible money
laundering, in a probe...
Read more
PRESS DIGEST - Wall Street Journal - July 21
July 21 (Reuters) - The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Read more
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Read more
Singapore says has seized S$240 million in assets in 1MDB-related probe
SINGAPORE, July 21 (Reuters) - Singapore authorities have
seized assets worth S$240 million in an investigation of
1MDB-related fund flows for possible money laundering, in a
probe which has found...
Read more
seized assets worth S$240 million in an investigation of
1MDB-related fund flows for possible money laundering, in a
probe which has found...
Read more
RPT-Singapore says has seized S$240 million in assets in 1MDB-related probe
SINGAPORE, July 21 (Reuters) - Singapore authorities have
seized assets worth S$240 million in an investigation of
1MDB-related fund flows for possible money laundering, in a
probe which has found...
Read more
seized assets worth S$240 million in an investigation of
1MDB-related fund flows for possible money laundering, in a
probe which has found...
Read more
PRESS DIGEST- British Business - July 21
July 21 (Reuters) - The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
BRIEF-Garnero Group Acquisition Company announces termination of investment agreement and provides information on liquidation
* As result of certain material breaches by Q1 Comercial De
Roupas S.A. of agreement between parties, it has terminated deal
Read more
Roupas S.A. of agreement between parties, it has terminated deal
Read more
Oil Search bows to ExxonMobil in battle for InterOil
MELBOURNE, July 21 (Reuters) - Australia's Oil Search Ltd on
Thursday cleared the way for ExxonMobil Corp to take
over InterOil Corp for $2.2 billion, opting not to raise
its rival offer for its...
Read more
Thursday cleared the way for ExxonMobil Corp to take
over InterOil Corp for $2.2 billion, opting not to raise
its rival offer for its...
Read more
BRIEF-Urstadt Biddle Properties buys shopping center in Stamford, CT
* Purchase was funded with a $22.6 million mortgage secured
by property with an affiliate of Voya Financial Services
Read more
by property with an affiliate of Voya Financial Services
Read more
BRIEF-Nucor to acquire plate mill in Texas
* Agreed to acquire Joy Global's steel plate mill in
Longview, Texas
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
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Longview, Texas
Source text for Eikon:
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BRIEF-Axalta buys United Paint's automotive thermoplastics coatings business
* Axalta Coating Systems acquires united paint's automotive
interior rigid thermoplastics coatings business
Read more
interior rigid thermoplastics coatings business
Read more
Oaktree places stake in real estate group Alstria Office -sources
FRANKFURT, July 20 (Reuters) - U.S. investor Oaktree
has reduced its stake in German real estate group Alstria Office
by placing 10.72 million shares, a stake of seven
percent, with institutional...
Read more
has reduced its stake in German real estate group Alstria Office
by placing 10.72 million shares, a stake of seven
percent, with institutional...
Read more
UPDATE 1-AB InBev says wins U.S. Antitrust Approval for SABMiller Deal
July 20 (Reuters) - The world's top two brewers,
Anheuser-Busch InBev and SABMiller, have won
U.S. antitrust approval to merge, Ab InBev said on Wednesday.
Read more
Anheuser-Busch InBev and SABMiller, have won
U.S. antitrust approval to merge, Ab InBev said on Wednesday.
Read more
BRIEF-Ohio Valley Banc received notice of approval from ohio division of financial institutions of merger of milton banking co
* On July 20, co received notice of approval from ohio
division of financial institutions of merger of milton banking
co - sec filing
Source text : http://bit.ly/29UdMiv
Further company coverage:
...
Read more
division of financial institutions of merger of milton banking
co - sec filing
Source text : http://bit.ly/29UdMiv
Further company coverage:
...
Read more
AB InBev set to win U.S. antitrust approval for SABMiller deal - BBG
July 20 (Reuters) - Anheuser-Busch InBev SA has
secured U.S. antitrust approval for its takeover of SABMiller
Plc, after the Budweiser maker agreed to give up
ownership of the Miller brand,...
Read more
secured U.S. antitrust approval for its takeover of SABMiller
Plc, after the Budweiser maker agreed to give up
ownership of the Miller brand,...
Read more
AB InBev says wins U.S. Antitrust Approval for SABMiller Deal
July 20 (Reuters) - The world's top two brewers,
Anheuser-Busch InBev and SABMiller, have won
U.S. antitrust approval to merge, Ab InBev said on Wednesday.
Read more
Anheuser-Busch InBev and SABMiller, have won
U.S. antitrust approval to merge, Ab InBev said on Wednesday.
Read more
BRIEF-Aetna ready to defend its deal if sued - CNBC
* Aetna Ready To Defend Its Deal If Sued, Has Divestitures
In Place - CNBC, citing source
Further company coverage: [AET.N HUM.N]
(Bengaluru Newsroom: +1 646 223 8780)
Read more
In Place - CNBC, citing source
Further company coverage: [AET.N HUM.N]
(Bengaluru Newsroom: +1 646 223 8780)
Read more
BRIEF-AB InBev won U.S. antitrust approval for SABMiller deal-Bloomberg, citing sources
* AB InBev won U.S. antitrust approval for SABMiller deal after maker of Budweiser agreed to
give up ownership of Miller brand - Bloomberg, citing sources
Source text -...
Read more
give up ownership of Miller brand - Bloomberg, citing sources
Source text -...
Read more
BRIEF-Kroger announces merger of Axium Pharmacy and Modern HC Holdings
* Kroger announces merger of Axium Pharmacy and Modern HC
Holdings to create a combined specialty pharmacy
Read more
Holdings to create a combined specialty pharmacy
Read more
Mylan gets EU approval for Meda purchase, subject to conditions
BRUSSELS, July 20 (Reuters) - EU antitrust regulators said
on Wednesday they had cleared generic drugmaker Mylan's
planned cash-and-stock purchase of Sweden's Meda
subject to it selling certain...
Read more
on Wednesday they had cleared generic drugmaker Mylan's
planned cash-and-stock purchase of Sweden's Meda
subject to it selling certain...
Read more
BRIEF-Dow and DuPont stockholders approve merger
* Companies expect merger transaction to close in second
half of 2016
Source text for Eikon:
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half of 2016
Source text for Eikon:
Further company coverage:
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Read more
BRIEF-Merit and Ancor Sell Bakewise Brands to Yamazaki Baking Co
* Co, Merit capital partners announce sale of Macedon, new
york-based Bakewise brands to Yamazaki Baking co.
Source text for Eikon:
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york-based Bakewise brands to Yamazaki Baking co.
Source text for Eikon:
Further company coverage:
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Total says analysing ExxonMobil's competing offer for InterOil
PARIS, July 20 (Reuters) - French oil and gas company Total
said on Wednesday it was analysing a competing offer
made by rival U.S oil giant ExxonMobil's for explorer
InterOil Corp, its partner in a...
Read more
said on Wednesday it was analysing a competing offer
made by rival U.S oil giant ExxonMobil's for explorer
InterOil Corp, its partner in a...
Read more
BRIEF-Warburg Pincus to invest in Hygiena
* Entered into definitive agreement whereby one of its
affiliates will invest in Hygiena LLC; terms of transaction were
not disclosed
Read more
affiliates will invest in Hygiena LLC; terms of transaction were
not disclosed
Read more
BRIEF-Stepan agrees to buy sulfonation production facility in Brazil
* Stepan announces agreement to acquire a commercial
business and sulfonation production facility in Brazil
Read more
business and sulfonation production facility in Brazil
Read more
UPDATE 1-Unilever buys men's grooming brand Dollar Shave Club
July 19 (Reuters) - Unilever Plc said it has agreed
to buy U.S.-based men's grooming brand Dollar Shave Club in a
deal that would expand the consumer goods group's catalogue of
personal care products.
Read more
to buy U.S.-based men's grooming brand Dollar Shave Club in a
deal that would expand the consumer goods group's catalogue of
personal care products.
Read more
PRESS DIGEST- Canada - July 20
July 20 (Reuters) - The following are the top stories from
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
Total seen unlikely to fight ExxonMobil over South Pacific gas
MELBOURNE, July 20 (Reuters) - Total SA is
unlikely to take on ExxonMobil in a bidding war for
explorer InterOil Corp, the French giant's partner in a
rich gas field in Papua New Guinea, analysts...
Read more
unlikely to take on ExxonMobil in a bidding war for
explorer InterOil Corp, the French giant's partner in a
rich gas field in Papua New Guinea, analysts...
Read more
BRIEF-Grupo Lamosa reaches deal to buy Ceramica San Lorenzo in South America
* Said on Tuesday it had reached an agreement with Etex on
acquisition of its ceramics coatings operations in South America
for about $230 million
Read more
acquisition of its ceramics coatings operations in South America
for about $230 million
Read more
PRESS DIGEST - Wall Street Journal - July 20
July 20 (Reuters) - The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Read more
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Read more
Tuesday, July 19, 2016
Unilever buys razor-maker Dollar Shave Club
July 19 (Reuters) - Unilever Plc said it has agreed
to buy razor-maker Dollar Shave Club in a deal that would expand
the consumer goods group's catalogue of men's grooming products.
Read more
to buy razor-maker Dollar Shave Club in a deal that would expand
the consumer goods group's catalogue of men's grooming products.
Read more
BRIEF-Revlon announces proposed notes offering
* Revlon inc says its unit is proposing to issue $400
million aggregate principal amount of senior unsecured notes due
2024
Read more
million aggregate principal amount of senior unsecured notes due
2024
Read more
UPDATE 1-Chesapeake sued for allegedly rigging bids on U.S. oil, natgas leases
July 19 (Reuters) - Investors who sold oil and natural gas
land leases to Chesapeake Energy Corp and now-bankrupt
SandRidge Energy Corp sued Chesapeake and Tom Ward,
SandRidge's former CEO, alleging...
Read more
land leases to Chesapeake Energy Corp and now-bankrupt
SandRidge Energy Corp sued Chesapeake and Tom Ward,
SandRidge's former CEO, alleging...
Read more
Brazil's Odebrecht places Braskem stake as collateral for lenders
SAO PAULO, July 19 (Reuters) - Braskem SA, Latin
America's biggest petrochemical firm, said on Tuesday that
controlling shareholder Odebrecht Serviços e Participações SA
has placed its entire stake...
Read more
America's biggest petrochemical firm, said on Tuesday that
controlling shareholder Odebrecht Serviços e Participações SA
has placed its entire stake...
Read more
Banks reject initial bids on Odebrecht Peru pipeline -news website
LIMA, July 19 (Reuters) - Three initial offers on Odebrecht
SA's 55 percent stake in a $5 billion natural gas
pipeline contract in Peru were rejected by the banks that would
finance the project, a...
Read more
SA's 55 percent stake in a $5 billion natural gas
pipeline contract in Peru were rejected by the banks that would
finance the project, a...
Read more
BRIEF-Kimball Electronics bought certain assets of Aircom Manufacturing
* Acquired certain assets and assumed certain liabilities of
aircom manufacturing for total consideration of about $3.5
million
Source text for Eikon:
Further company coverage:
(Bengaluru...
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aircom manufacturing for total consideration of about $3.5
million
Source text for Eikon:
Further company coverage:
(Bengaluru...
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Bayer says Monsanto offer not subject to any financing condition
BERLIN, July 19 (Reuters) - Bayer said its sweetened $64
billion acquisition offer for Monsanto would not be subject to
any financing conditions, responding to the U.S. seed company's
rejection of...
Read more
billion acquisition offer for Monsanto would not be subject to
any financing conditions, responding to the U.S. seed company's
rejection of...
Read more
BRIEF-Golden Enterprises says if deal is terminated, co to pay UTZ a termination fee equal to 4.0 pct of aggregate merger consideration
* If deal is terminated, co will be required to pay to utz a termination fee
equal to 4.0% of aggregate merger consideration
Source - (http://bit.ly/2a5MOH0)
Further company coverage:
(Bengaluru...
Read more
equal to 4.0% of aggregate merger consideration
Source - (http://bit.ly/2a5MOH0)
Further company coverage:
(Bengaluru...
Read more
UPDATE 3-Tesla shortens web address, mum on formal name change
DETROIT, July 19 (Reuters) - Electric vehicle maker Tesla
Motors Inc has changed its internet address from
teslamotors.com to tesla.com, hinting at a possible company name
change as part of CEO Elon...
Read more
Motors Inc has changed its internet address from
teslamotors.com to tesla.com, hinting at a possible company name
change as part of CEO Elon...
Read more
UPDATE 1-U.S. antitrust officials poised to block Anthem, Aetna deals - BBG
July 19 (Reuters) - U.S. antitrust officials are poised to
file lawsuits to block Anthem Inc's acquisition of
Cigna Corp as well as Aetna Inc's takeover of
Humana Inc, Bloomberg reported, citing a...
Read more
file lawsuits to block Anthem Inc's acquisition of
Cigna Corp as well as Aetna Inc's takeover of
Humana Inc, Bloomberg reported, citing a...
Read more
EU mergers and takeovers (July 19)
BRUSSELS, July 19 (Reuters) - The following are mergers
under review by the European Commission and a brief guide to the
EU merger process:
Read more
under review by the European Commission and a brief guide to the
EU merger process:
Read more
UPDATE 1-Verizon among leading bidders for Yahoo's core business-Bbg
July 19 (Reuters) - Yahoo Inc's core business
secured five bidders in the final round including, Verizon
Communications Inc, Quicken Loans Inc founder Dan Gilbert
and Vector Capital Management,...
Read more
secured five bidders in the final round including, Verizon
Communications Inc, Quicken Loans Inc founder Dan Gilbert
and Vector Capital Management,...
Read more
BRIEF-Yahoo's goal is to finish bidding process by end of july - CNBC
* Yahoo's goal is to finish the bidding process by the end
of July - CNBC, citing sources
Source text - http://cnb.cx/2a5WNeh
Further company coverage:
(Bengaluru Newsroom: +1 646 223 8780)
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of July - CNBC, citing sources
Source text - http://cnb.cx/2a5WNeh
Further company coverage:
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Read more
CommonBond announces new funding, led by Neuberger Berman unit
July 19 (Reuters) - Online student loan company CommonBond
said on Tuesday that it had raised $30 million in new funding,
including from the private equity arm of investment manager
Neuberger Berman.
Read more
said on Tuesday that it had raised $30 million in new funding,
including from the private equity arm of investment manager
Neuberger Berman.
Read more
Brazil fund inclined to accept State Grid's CPFL bid, sources say
SAO PAULO, July 19 (Reuters) - Caixa de Previdência dos
Funcionários do Banco do Brasil is inclined to accept State Grid
Corp of China's bid for CPFL Energia SA,
an electricity utility in which...
Read more
Funcionários do Banco do Brasil is inclined to accept State Grid
Corp of China's bid for CPFL Energia SA,
an electricity utility in which...
Read more
DEALTALK-Old pharma sees new profit cure in cancer drugs
July 19 (Reuters) - Some of the world's largest drug
companies are taking out their checkbooks for acquisitions of
smaller peers whose cancer drugs have the potential to cure not
just patients, but...
Read more
companies are taking out their checkbooks for acquisitions of
smaller peers whose cancer drugs have the potential to cure not
just patients, but...
Read more
SoftBank's Son challenges investors to 'feel the force' of his $32 bln ARM gamble
TOKYO, July 19 (Reuters) - SoftBank Corp founder
Masayoshi Son, who created a $68 billion tech investment
behemoth from a $50,000 start-up, has divided investors and
analysts with his latest "crazy...
Read more
Masayoshi Son, who created a $68 billion tech investment
behemoth from a $50,000 start-up, has divided investors and
analysts with his latest "crazy...
Read more
Henderson calls for investor vote on Bayer-Monsanto takeover, says unconvinced by deal
LONDON, July 19 (Reuters) - Henderson Global Investors
, a key minority investor in Bayer has
demanded a vote on the firm's $64 billion-plus proposed takeover
of Monsanto, which it said threatened...
Read more
, a key minority investor in Bayer has
demanded a vote on the firm's $64 billion-plus proposed takeover
of Monsanto, which it said threatened...
Read more
Khazanah, Sun Life in talks over $750 mln Malaysian insurance deal -sources
KUALA LUMPUR/SINGAPORE, July 19 (Reuters) - Canada's Sun
Life Financial Inc and Malaysian sovereign wealth fund
Khazanah Nasional are in talks to buy the insurance
business of Hong Leong Financial...
Read more
Life Financial Inc and Malaysian sovereign wealth fund
Khazanah Nasional are in talks to buy the insurance
business of Hong Leong Financial...
Read more
UPDATE 1-Khazanah, Sun Life in talks over $750 mln Malaysian insurance deal-sources
* Discussions in early stages - banking sources
(Adds details on talks, no comment from companies, background)
Read more
(Adds details on talks, no comment from companies, background)
Read more
Monday, July 18, 2016
Teva Pharm prices $15 bln in notes to fund Allergan generics deal
TEL AVIV, July 19 (Reuters) - Teva Pharmaceutical Industries
Ltd said on Tuesday it successfully priced a debt
offering for $15 billion worth of senior notes to help fund its
acquisition of Allergan...
Read more
Ltd said on Tuesday it successfully priced a debt
offering for $15 billion worth of senior notes to help fund its
acquisition of Allergan...
Read more
BRIEF-Hammerson sells Manor Walks Shopping Centre for 78 mln stg
* Hammerson has exchanged contracts for the sale of Manor
Walks Shopping Centre, Cramlington in Northumberland to Arch
Commercial Enterprise Ltd for £78 million
Read more
Walks Shopping Centre, Cramlington in Northumberland to Arch
Commercial Enterprise Ltd for £78 million
Read more
Baidu investor criticises sale of video unit to CEO
BEIJING, July 19 (Reuters) - Baidu Inc's proposed
sale of online video unit iQiyi to its own chief executive is
not in the interests of long-term shareholders and may
permanently damage the...
Read more
sale of online video unit iQiyi to its own chief executive is
not in the interests of long-term shareholders and may
permanently damage the...
Read more
Nikkei rises to near 6-wk high on weak yen, SoftBank fall limits gains
TOKYO, July 19 (Reuters) - Japan's Nikkei share average
edged up to a near six-week high on Tuesday, continuing to draw
support from a weakening yen and Wall Street's rise to a fresh
record overnight.
Read more
edged up to a near six-week high on Tuesday, continuing to draw
support from a weakening yen and Wall Street's rise to a fresh
record overnight.
Read more
PRESS DIGEST- British Business - July 19
July 19 (Reuters) - The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
BRIEF-Moody's acquires full ownership of Korea Investors Service
* Deal is not expected to have significant impact on co's
earnings per share for 2016 and will be funded from
international cash on hand.
Read more
earnings per share for 2016 and will be funded from
international cash on hand.
Read more
PRESS DIGEST- Financial Times - July 19
July 19 (Reuters) - The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
Corvex builds small stakes in Monsanto, Bayer -sources
July 18 (Reuters) - Corvex Management LP, the activist fund
run by former Carl Icahn protégé Keith Meister, has amassed
small stakes in U.S. seeds company Monsanto Co and its
aspiring acquirer,...
Read more
run by former Carl Icahn protégé Keith Meister, has amassed
small stakes in U.S. seeds company Monsanto Co and its
aspiring acquirer,...
Read more
TPG to acquire surgical tools maker Beaver-Visitec
July 18 (Reuters) - TPG Capital LP, one of the world's
largest private equity firms, has agreed to acquire
Beaver-Visitec International, a U.S. maker of tools used in eye
surgery, from buyout firm...
Read more
largest private equity firms, has agreed to acquire
Beaver-Visitec International, a U.S. maker of tools used in eye
surgery, from buyout firm...
Read more
BRIEF-Matson Logistics to buy Span Alaska for $197.6 mln
* Transaction expected to be $0.10 to $0.12 accretive to
annual eps, excluding one-time costs
Read more
annual eps, excluding one-time costs
Read more
Berkshire Hathaway to buy medical liability insurer MLMIC
July 18 (Reuters) - Medical Liability Mutual Insurance Co
(MLMIC) said it agreed to be bought by Berkshire Hathaway Inc's
unit National Indemnity Co.
Read more
(MLMIC) said it agreed to be bought by Berkshire Hathaway Inc's
unit National Indemnity Co.
Read more
BRIEF-Regency Centers Corp buys Klahanie Shopping Center for $36 mln
* Acquisition of Klahanie Shopping Center in Seattle,
Washington
Source text for Eikon:
Further company coverage:
Read more
Washington
Source text for Eikon:
Further company coverage:
Read more
French competition authority clears Fnac-Darty deal
PARIS, July 18 (Reuters) - France's competition authority on
Monday approved plans by French music and book chain Fnac
to take over consumer electronics retailer Darty
.
Read more
Monday approved plans by French music and book chain Fnac
to take over consumer electronics retailer Darty
.
Read more
SoftBank's ARM buy may net bankers $120 mln in fees - estimates
LONDON, July 18 (Reuters) - Bankers are set to share up to
$120 million in fees thanks to SoftBank Group Corp's
planned acquisition of British chip designer ARM Holdings
, according to estimates on...
Read more
$120 million in fees thanks to SoftBank Group Corp's
planned acquisition of British chip designer ARM Holdings
, according to estimates on...
Read more
BRIEF-Sovran Self Storage acquires LifeStorage
* Wells Fargo Securities Llc acted as financial advisor and
SunTrust Robinson Humphrey also acted as a financial advisor to
Sovran
Read more
SunTrust Robinson Humphrey also acted as a financial advisor to
Sovran
Read more
Deals of the day- Mergers and acquisitions
July 18 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1300 GMT on Monday:
Read more
acquisitions and disposals were reported by 1300 GMT on Monday:
Read more
SoftBank says did not use post-Brexit sterling fall to buy ARM cheaply
LONDON, July 18 (Reuters) - A fall in the value of sterling
after Britons voted to leave the European Union did not affect
Japanese firm SoftBank's decision to buy British chip
designer ARM Holdings,...
Read more
after Britons voted to leave the European Union did not affect
Japanese firm SoftBank's decision to buy British chip
designer ARM Holdings,...
Read more
PM May says Softbank-ARM deal shows Britain can be a success post-Brexit
LONDON, July 18 (Reuters) - Prime Minister Theresa May said
on Monday Japanese company Softbank's decision to buy
British chip designer ARM Holdings showed Britain's
economy could be successful after...
Read more
on Monday Japanese company Softbank's decision to buy
British chip designer ARM Holdings showed Britain's
economy could be successful after...
Read more
EU mergers and takeovers (July 18)
BRUSSELS, July 18 (Reuters) - The following are mergers
under review by the European Commission and a brief guide to the
EU merger process:
Read more
under review by the European Commission and a brief guide to the
EU merger process:
Read more
Hapag-Lloyd warns on profit, seals UASC merger deal
FRANKFURT, July 18 (Reuters) - German container line
Hapag-Lloyd warned investors that profit would fall in
2016 and signed a binding agreement with Arab peer UASC to form
the world's fifth largest...
Read more
Hapag-Lloyd warned investors that profit would fall in
2016 and signed a binding agreement with Arab peer UASC to form
the world's fifth largest...
Read more
REFILE-Opera chairman: approval of $1.2 bln Chinese takeover deal not received in time
OSLO, July 18 (Reuters) - Regulatory approval for a Chinese
$1.2 billion takeover deal of Norwegian online browser Opera
Software had not been received in time of a final
deadline for the deal last...
Read more
$1.2 billion takeover deal of Norwegian online browser Opera
Software had not been received in time of a final
deadline for the deal last...
Read more
UPDATE 1-UK Stocks-Factors to watch on July 18
July 18 (Reuters) - Britain's FTSE 100 index is seen opening up 16
points, or 0.2 percent, on Monday according to financial bookmakers, with
futures up 0.4 percent ahead of the cash market open. For...
Read more
points, or 0.2 percent, on Monday according to financial bookmakers, with
futures up 0.4 percent ahead of the cash market open. For...
Read more
Sunday, July 17, 2016
SoftBank's $32 billion ARM deal shows UK attractive after Brexit vote - Hammond
LONDON, July 18 (Reuters) - Japan's SoftBank Group Corp's
planned purchase of chip designer ARM Holdings
for 24.3 billion pounds ($32 billion) shows that Britain remains
attractive for investment...
Read more
planned purchase of chip designer ARM Holdings
for 24.3 billion pounds ($32 billion) shows that Britain remains
attractive for investment...
Read more
Chinese $1.24 bln takeover of Norway's Opera fails, but alternative deal set
OSLO, July 18 (Reuters) - A Chinese consortium of internet
firms has failed to take over Norwegian online browser and
advertising company Opera Software in an agreed $1.24
billion deal due to the...
Read more
firms has failed to take over Norwegian online browser and
advertising company Opera Software in an agreed $1.24
billion deal due to the...
Read more
SoftBank deal to buy ARM Holdings could come as early as Monday -source
SINGAPORE, July 18 (Reuters) - Japan's SoftBank Group Corp
is close to buying ARM Holdings PLC for $32
billion and an announcement could come as early as Monday, a
source familiar with the matter...
Read more
is close to buying ARM Holdings PLC for $32
billion and an announcement could come as early as Monday, a
source familiar with the matter...
Read more
UPDATE 1-Nippon Yusen pleads guilty to cartel conduct in Australian court
SYDNEY, July 18 (Reuters) - Japanese shipping company Nippon
Yusen Kabushiki Kaisha pleaded guilty on Monday in
Australia's federal court to criminal cartel conduct in relation
to the transport of...
Read more
Yusen Kabushiki Kaisha pleaded guilty on Monday in
Australia's federal court to criminal cartel conduct in relation
to the transport of...
Read more
UPDATE 1-Goldman Sachs, Bain to buy majority stake in cosmetics firm Carver Korea
* S.Korea cosmetics exports grew 44 pct y-o-y in 2015
(Adds more foreign investment cases, industry growth)
Read more
(Adds more foreign investment cases, industry growth)
Read more
UPDATE 1-SoftBank agrees to buy Britain's ARM Holdings for $31 bln -FT
TOKYO, July 18 (Reuters) - Japan's SoftBank Group Corp
has agreed to buy ARM Holdings PLC for 23.4
billion pounds ($31 billion), the Financial Times reported on
Monday, citing two people familiar...
Read more
has agreed to buy ARM Holdings PLC for 23.4
billion pounds ($31 billion), the Financial Times reported on
Monday, citing two people familiar...
Read more
Success of Pokemon GO adds impetus for change at Nintendo
TOKYO/SINGAPORE, July 18 (Reuters) - The phenomenal success
of Pokemon GO and the surge in Nintendo Co's market
value by $17 billion in just over a week has been seized upon by
one of its most vocal...
Read more
of Pokemon GO and the surge in Nintendo Co's market
value by $17 billion in just over a week has been seized upon by
one of its most vocal...
Read more
Nippon Yusen pleads guilty to cartel conduct - Australian watchdog
SYDNEY, July 18 (Reuters) - Australia's competition watchdog
said on Monday that Japanese shipping company Nippon Yusen
Kabushiki Kaisha pleaded guilty to criminal cartel
conduct in Australia's...
Read more
said on Monday that Japanese shipping company Nippon Yusen
Kabushiki Kaisha pleaded guilty to criminal cartel
conduct in Australia's...
Read more
DEALTALK-Japanese firms' succession problem is a boon for private equity dealmakers
TOKYO, July 18 (Reuters) - Japan's aging population may be
bad for the economy but it is giving dealmakers a break. As more
owners of small and medium-sized businesses reach their golden
years...
Read more
bad for the economy but it is giving dealmakers a break. As more
owners of small and medium-sized businesses reach their golden
years...
Read more
Goldman Sachs, Bain to buy majority stake in cosmetics firm Carver Korea
SEOUL, July 18 (Reuters) - Goldman Sachs Group Inc
and Bain Capital Private Equity will acquire a majority stake in
unlisted cosmetics maker Carver Korea Co. Ltd., seeking to tap
into the growing...
Read more
and Bain Capital Private Equity will acquire a majority stake in
unlisted cosmetics maker Carver Korea Co. Ltd., seeking to tap
into the growing...
Read more
Volkswagen promises U.S. dealers restitution within a month -WSJ
July 17 (Reuters) - Volkswagen AG executives in
the United States have promised restitution within a month for
American franchise dealers damaged by the carmaker's diesel
scandal, the Wall Street...
Read more
the United States have promised restitution within a month for
American franchise dealers damaged by the carmaker's diesel
scandal, the Wall Street...
Read more
BRIEF-Hawaii regulators reject NextEra's purchase of Hawaiian Electric
* State Of Hawaii Public Utilities Commission - PUC votes to
not approve Hawaiian Electric Companies,NextEra Energy's
application for change of control
Source text - (http://bit.ly/29XH5ET)
Further...
Read more
not approve Hawaiian Electric Companies,NextEra Energy's
application for change of control
Source text - (http://bit.ly/29XH5ET)
Further...
Read more
Saturday, July 16, 2016
Brazil's Tarpon sells apparel firm Morena Rosa back to founder -sources
SAO PAULO, July 15 (Reuters) - Brazilian investment firm
Tarpon Investimentos SA has sold apparel company
Morena Rosa SA back to its founder four years after acquiring
it, two sources with knowledge...
Read more
Tarpon Investimentos SA has sold apparel company
Morena Rosa SA back to its founder four years after acquiring
it, two sources with knowledge...
Read more
Deals of the day- Mergers and acquisitions
July 15 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Friday:
Read more
acquisitions and disposals were reported by 2000 GMT on Friday:
Read more
Friday, July 15, 2016
BRIEF-Qihoo 360 announces completion of merger
* Qihoo 360 announces completion of merger
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom; +1 646 223 8780)
Read more
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom; +1 646 223 8780)
Read more
Brazil's Lupo agrees to buy Carlyle-backed lingerie maker Scalina
SAO PAULO, July 15 (Reuters) - Lupo SA, a Brazilian
underwear producer, has agreed to buy Scalina SA, a lingerie and
hosiery maker backed by Carlyle Group LP, for an undisclosed
sum.
Read more
underwear producer, has agreed to buy Scalina SA, a lingerie and
hosiery maker backed by Carlyle Group LP, for an undisclosed
sum.
Read more
UPDATE 1-Sumner Redstone's National Amusements opposes Viacom's planned sale of Paramount stake
July 15 (Reuters) - Sumner Redstone's privately-held movie
theater company said on Friday it opposes the sale of a stake in
Viacom Inc's Paramount Pictures, saying that any
transaction could hurt the...
Read more
theater company said on Friday it opposes the sale of a stake in
Viacom Inc's Paramount Pictures, saying that any
transaction could hurt the...
Read more
FTC says Herbalife will restructure, pay $200 million to settle charges
WASHINGTON, July 15 (Reuters) - Weight-loss products maker
Herbalife Ltd has agreed to pay $200 million and
restructure its U.S. business operations under a settlement with
the Federal Trade...
Read more
Herbalife Ltd has agreed to pay $200 million and
restructure its U.S. business operations under a settlement with
the Federal Trade...
Read more
UPDATE 2-Herbalife to pay $200 mln to FTC to avoid pyramid scheme label
July 15 (Reuters) - Herbalife Ltd said it would
settle with the U.S. Federal Trade Commission for $200 million
to avoid being labeled a pyramid scheme, a blow to hedge fund
manager Bill Ackman who...
Read more
settle with the U.S. Federal Trade Commission for $200 million
to avoid being labeled a pyramid scheme, a blow to hedge fund
manager Bill Ackman who...
Read more
Estacio shareholders set for 420 mln reais dividends from Kroton takeover
RIO DE JANEIRO, July 15 (Reuters) - Shareholders in
Brazilian for-profit education provider Estacio Participacoes SA
can expect to receive extraordinary dividends
totaling 420 million reais ($129...
Read more
Brazilian for-profit education provider Estacio Participacoes SA
can expect to receive extraordinary dividends
totaling 420 million reais ($129...
Read more
BRIEF-Medical Facilities Corp signs to buy Indiana physician-owned hospital
* Medical Facilities Corporation signs letter of intent to
acquire physician-owned hospital in indiana and acquires
underlying real estate
Read more
acquire physician-owned hospital in indiana and acquires
underlying real estate
Read more
REFILE-Opera to say by Monday whether $1.24 bln Chinese bid can go ahead
OSLO, July 15 (Reuters) - Norway's Opera Software
will say by early Monday whether all the conditions of a $1.24
billion takeover bid by a Chinese consortium have been met, the
firm said on Friday.
Read more
will say by early Monday whether all the conditions of a $1.24
billion takeover bid by a Chinese consortium have been met, the
firm said on Friday.
Read more
BRIEF-Crossamerica Partners announces pending acquisitions of $45 mln
* Crossamerica Partners Lp: announces pending acquisition of
assets of state oil company of illinois
Read more
assets of state oil company of illinois
Read more
Thursday, July 14, 2016
UPDATE 1-MBK Partners plans to buy Japan's Accordia in deal valuing target at up to $1.5 bln - LPC
* Accordia says it has nothing to disclose at present
(Adds Accordia shares, comment; changes date)
Read more
(Adds Accordia shares, comment; changes date)
Read more
PRESS DIGEST- New York Times business news - July 15
July 15 (Reuters) - The following are the top stories on the
New York Times business pages. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
New York Times business pages. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
UPDATE 1-AMC mulls raising bid for Carmike -source
July 14 (Reuters) - AMC Entertainment Holdings is
exploring a potential sweetened bid for Carmike Cinemas Inc
that would top its previous $1.1 billion offer for the
smaller movie theater chain,...
Read more
exploring a potential sweetened bid for Carmike Cinemas Inc
that would top its previous $1.1 billion offer for the
smaller movie theater chain,...
Read more
PRESS DIGEST - Wall Street Journal - July 15
July 15 (Reuters) - The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Read more
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Read more
Xerox rejects RR Donnelley merger proposal - WSJ
July 14 (Reuters) - Xerox Corp privately rejected a
bid to merge its document business with financial printing firm
RR Donnelley & Sons Co, the Wall Street Journal reported
Thursday.
Read more
bid to merge its document business with financial printing firm
RR Donnelley & Sons Co, the Wall Street Journal reported
Thursday.
Read more
CORRECTED-AMC mulls raising bid for Carmike -source
July 14 (Reuters) - AMC Entertainment Holdings is
exploring a potential sweetened bid for Carmike Cinemas Inc
that would top its previous $1.1 billion offer for the
smaller movie theater chain,...
Read more
exploring a potential sweetened bid for Carmike Cinemas Inc
that would top its previous $1.1 billion offer for the
smaller movie theater chain,...
Read more
UK should consider prosecuting VW over emissions scandal - lawmakers
LONDON, July 15 (Reuters) - Britain should consider
prosecuting Volkswagen over the diesel emissions
scandal, a committee of lawmakers said on Friday, accusing the
government of being too slow to...
Read more
prosecuting Volkswagen over the diesel emissions
scandal, a committee of lawmakers said on Friday, accusing the
government of being too slow to...
Read more
PRESS DIGEST- Financial Times - July 15
July 15 (Reuters) - The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
UK charity pockets $150 mln from Merck cancer immunotherapy drug
LONDON, July 15 (Reuters) - British medical charity MRC
Technology has pocketed $150 million by selling part of its
royalty interest in Merck & Co's successful cancer drug
Keytruda, allowing it to...
Read more
Technology has pocketed $150 million by selling part of its
royalty interest in Merck & Co's successful cancer drug
Keytruda, allowing it to...
Read more
UPDATE 1-Tullett, ICAP restructuring of deal gets nod from U.S. Justice
WASHINGTON, July 14 (Reuters) - The U.S. Department of
Justice said on Thursday that a restructuring of Tullett Prebon
Plc's proposed $1.5 billion acquisition of ICAP Plc's
voice-broking business...
Read more
Justice said on Thursday that a restructuring of Tullett Prebon
Plc's proposed $1.5 billion acquisition of ICAP Plc's
voice-broking business...
Read more
UPDATE 2-Bayer sweetens offer for hesitant Monsanto
July 14 (Reuters) - German drug and crop chemical group
Bayer AG on Thursday announced details of a sweetened
$64 billion bid for Monsanto Co as it tries to put the
U.S. seed company under pressure...
Read more
Bayer AG on Thursday announced details of a sweetened
$64 billion bid for Monsanto Co as it tries to put the
U.S. seed company under pressure...
Read more
UPDATE 1-Hedge fund manager Ackman still betting against Herbalife
NEW YORK, July 14 (Reuters) - Billionaire investor Bill
Ackman said on Thursday that he was still betting against
Herbalife Ltd shares and that the company needed to make
"material changes to its...
Read more
Ackman said on Thursday that he was still betting against
Herbalife Ltd shares and that the company needed to make
"material changes to its...
Read more
U.S. Justice Dept says Tullett, ICAP restructure transaction
WASHINGTON, July 14 (Reuters) - The restructuring of the
$1.5 billion transaction between Tullett Prebon Group Ltd
and ICAP Plc addresses the U.S. Justice
Department's concerns that the transaction...
Read more
$1.5 billion transaction between Tullett Prebon Group Ltd
and ICAP Plc addresses the U.S. Justice
Department's concerns that the transaction...
Read more
Ackman still betting against Herbalife because of its business model
NEW YORK, July 14 (Reuters) - Bill Ackman said on Thursday
that he's still betting against the shares of Herbalife Ltd
and that the company needs to make "material changes to
its incentive...
Read more
that he's still betting against the shares of Herbalife Ltd
and that the company needs to make "material changes to
its incentive...
Read more
Infineon to buy Cree unit Wolfspeed for $850 million
FRANKFURT, July 14 (Reuters) - German chipmaker Infineon
Technologies said on Thursday it had agreed to buy
Cree division Wolfspeed Power and RF for $850 million
in cash.
Read more
Technologies said on Thursday it had agreed to buy
Cree division Wolfspeed Power and RF for $850 million
in cash.
Read more
China bid for giant Australia farm holding on ice - sources
SYDNEY, July 14 (Reuters) - A China-led consortium seeking
to buy Australia's S. Kidman & Co will hold off on a fresh bid
for the country's largest agricultural land owner amid concerns
it could be...
Read more
to buy Australia's S. Kidman & Co will hold off on a fresh bid
for the country's largest agricultural land owner amid concerns
it could be...
Read more
Wednesday, July 13, 2016
BRIEF-Tencent holdings has agreed to acquire controlling stake China Music- WSJ,citing sources
* Tencent Holdings Ltd has agreed to acquire controlling
stake China Music Corp in a deal that values the firm at $2.7
Billion- WSJ,citing sources
Read more
stake China Music Corp in a deal that values the firm at $2.7
Billion- WSJ,citing sources
Read more
BRIEF-Datagroup takes over SAP and application management services from Hewlett Packard Enterprise in Germany
* Datagroup takes over SAP and application management
services from Hewlett Packard Enterprise (HPE) in
Germany
Read more
services from Hewlett Packard Enterprise (HPE) in
Germany
Read more
BRIEF-Delhaize Group and Ahold reach agreements with buyers to divest 86 U.S. stores
* Delhaize group and Ahold reach agreements with buyers to
divest 86 U.S. stores, subject to FTC merger clearance
Read more
divest 86 U.S. stores, subject to FTC merger clearance
Read more
UPDATE 2-Monsanto exploring deals, including BASF agri unit buy -BBG
July 13 (Reuters) - Seed company Monsanto Co, which
rejected Bayer AG's buyout offer in May, is exploring
various transactions, including the acquisition of BASF's
agriculture-solutions unit,...
Read more
rejected Bayer AG's buyout offer in May, is exploring
various transactions, including the acquisition of BASF's
agriculture-solutions unit,...
Read more
BRIEF-Strad Energy Services to buy Redneck for about $30.6 mln
* Strad Energy Services Ltd. Announces strategic acquisition
in Canada's most active oil and gas region
Read more
in Canada's most active oil and gas region
Read more
Canada says wants to move fast on jet contest, gives no details
OTTAWA/FARNBOROUGH, England, July 13 (Reuters) - Canada said
on Wednesday it wanted to move quickly to buy a new fleet of
fighter jets but gave no details, leaving major questions about
what plane...
Read more
on Wednesday it wanted to move quickly to buy a new fleet of
fighter jets but gave no details, leaving major questions about
what plane...
Read more
BRIEF-Monsanto said to revive talks with BASF over Bayer alternative - Bloomberg, citing sources
* Monsanto said to revive talks with BASF over Bayer alternative - Bloomberg, citing sources
Read more
Read more
UPDATE 1-Brazil's Usiminas asks banks to extend standstill, sources say
SAO PAULO, July 13 (Reuters) - Usinas Siderúrgicas de Minas
Gerais SA, Brazil's No. 1 listed flat steelmaker, is asking
banks to extend a 120-day standstill agreement covering 4
billion reais ($1.22...
Read more
Gerais SA, Brazil's No. 1 listed flat steelmaker, is asking
banks to extend a 120-day standstill agreement covering 4
billion reais ($1.22...
Read more
Brazil's Ser seeking acquisitions after failed bid for Estácio: CEO
RIO DE JANEIRO, July 13 (Reuters) - Brazilian education
company Ser Educacional SA is looking acquisition
targets after its bid to merge with rival Estácio Participações
SA failed, Chief Executive...
Read more
company Ser Educacional SA is looking acquisition
targets after its bid to merge with rival Estácio Participações
SA failed, Chief Executive...
Read more
UPDATE 1-Huntington Bancshares wins antitrust approval for bank buy
WASHINGTON, July 13 (Reuters) - Huntington Bancshares Inc
, which owns Huntington National Bank and has branches
in six states, has won U.S. antitrust approval to buy FirstMerit
Corp, the Justice...
Read more
, which owns Huntington National Bank and has branches
in six states, has won U.S. antitrust approval to buy FirstMerit
Corp, the Justice...
Read more
Huntington Bancshares wins antitrust approval for bank buy
WASHINGTON, July 13 (Reuters) - Huntington Bancshares Inc
, which owns Huntington National Bank and has branches
in six states, has won U.S. antitrust approval to buy FirstMerit
Corp on the condition...
Read more
, which owns Huntington National Bank and has branches
in six states, has won U.S. antitrust approval to buy FirstMerit
Corp on the condition...
Read more
UPDATE 3-Teva says Allergan deal to close 'any time', expects U.S. antitrust clearance
NEW YORK/TEL AVIV, July 13 (Reuters) - Teva Pharmaceutical
Industries Ltd said on Wednesday it expected its $40
billion deal to buy Allergan Plc's generics business to
close "at any time," even as...
Read more
Industries Ltd said on Wednesday it expected its $40
billion deal to buy Allergan Plc's generics business to
close "at any time," even as...
Read more
Vodafone, Liberty Global offer EU concessions over Dutch deal
BRUSSELS, July 13 - Vodafone and Liberty Global
have offered concessions in a bid to secure EU
antitrust approval for their plan to merge their Dutch telecoms
operations to better compete with KPN.
Read more
have offered concessions in a bid to secure EU
antitrust approval for their plan to merge their Dutch telecoms
operations to better compete with KPN.
Read more
UPDATE 1-Monte Paschi in talks with Atlante over bad loan sale-sources
MILAN, July 13 (Reuters) - Italian bank rescue fund Atlante
is in talks with Monte dei Paschi di Siena over a deal
to help the country's third-largest bank to reduce its bad
debts, two sources...
Read more
is in talks with Monte dei Paschi di Siena over a deal
to help the country's third-largest bank to reduce its bad
debts, two sources...
Read more
Brexit strengthens case for LSE-Deutsche Boerse merger: Bundesbank
FRANKFURT, July 13 (Reuters) - London must prepare to lose
euro trading and clearing activities once Britain leaves the
European Union but the business case for merging the London and
German stock...
Read more
euro trading and clearing activities once Britain leaves the
European Union but the business case for merging the London and
German stock...
Read more
BRIEF-Biodel files proxy statement related to proposed merger with Albireo
* Files proxy statement related to proposed merger between
Biodel and Albireo Limited
Source: (http://bit.ly/29RsDuP
)
Further company coverage:
(Bengaluru Newsroom: +1 646 223 8780)
Read more
Biodel and Albireo Limited
Source: (http://bit.ly/29RsDuP
)
Further company coverage:
(Bengaluru Newsroom: +1 646 223 8780)
Read more
UPDATE 2-Tesla cuts prices again as sales miss targets
DETROIT, July 13 (Reuters) - Tesla Motors Inc has
cut the starting price of its Model X crossover, the second time
this year the electric vehicle maker has lowered prices after
missing sales targets.
Read more
cut the starting price of its Model X crossover, the second time
this year the electric vehicle maker has lowered prices after
missing sales targets.
Read more
BRIEF-Wizz Air strikes $2.5 billion engine deal
* Agreed with Pratt & Whitney to equip its 110 airbus
A321neo aircraft with Pratt & Whitney's purepower geared
turbofan engines.
Read more
A321neo aircraft with Pratt & Whitney's purepower geared
turbofan engines.
Read more
BRIEF-Imprivata to be acquired by Thoma Bravo in deal valued at about $544 mln
* Barclays is acting as exclusive financial advisor to
Imprivata
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1 646 223 8780)
Read more
Imprivata
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1 646 223 8780)
Read more
UPDATE 1-EU antitrust regulators halt Wabtec, Faiveley merger review
BRUSSELS, July 13 (Reuters) - - EU antitrust regulators have
put their in-depth probe of U.S. rail component maker Wabtec
Corp's $1.8 billion bid for French peer Faiveley
Transport on hold because...
Read more
put their in-depth probe of U.S. rail component maker Wabtec
Corp's $1.8 billion bid for French peer Faiveley
Transport on hold because...
Read more
EU mergers and takeovers (July 13)
BRUSSELS, July 13 (Reuters) - The following are mergers
under review by the European Commission and a brief guide to the
EU merger process:
Read more
under review by the European Commission and a brief guide to the
EU merger process:
Read more
UPDATE 1-UK Stocks-Factors to watch on July 13
July 13 (Reuters) - Britain's FTSE 100 index is seen opening down 20
points on Wednesday, according to financial bookmakers, with futures
down 0.35 percent ahead of the cash market open.
Read more
points on Wednesday, according to financial bookmakers, with futures
down 0.35 percent ahead of the cash market open.
Read more
Poland - Factors to Watch July 13
Following are news stories, press reports and events to watch
that may affect Poland's financial markets on Wednesday. ALL
TIMES GMT (Poland: GMT + 2 hours):
Read more
that may affect Poland's financial markets on Wednesday. ALL
TIMES GMT (Poland: GMT + 2 hours):
Read more
Tuesday, July 12, 2016
UK Stocks-Factors to watch on July 13
July 13 (Reuters) - Britain's FTSE 100 index is seen opening down 20
points on Wednesday, according to financial bookmakers.
* The UK blue chip index closed at 6,680.69, flat in percentage...
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points on Wednesday, according to financial bookmakers.
* The UK blue chip index closed at 6,680.69, flat in percentage...
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Tumi shareholders back Samsonite acquisition plan
HONG KONG, July 13 (Reuters) - Luggage maker Tumi Holdings
Inc's said its shareholders have backed Samsonite
International S.A.'s planned acquisition of the
company and that it expects the deal to be...
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Inc's said its shareholders have backed Samsonite
International S.A.'s planned acquisition of the
company and that it expects the deal to be...
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BRIEF-Shire U.S. launch of Xiidra planned for Q3 2016
July 12 (Reuters) - Shire Plc
* U.S. launch of Xiidra planned for Q3 2016
Source text for Eikon:
Further company coverage:
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* U.S. launch of Xiidra planned for Q3 2016
Source text for Eikon:
Further company coverage:
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Exxon tops Oil Search's bid for InterOil -sources
July 12 (Reuters) - Exxon Mobil Corp has tabled an
offer to buy InterOil Corp topping the $2.2 billion deal
from Australia's Oil Search Ltd, according to people
familiar with the matter.
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offer to buy InterOil Corp topping the $2.2 billion deal
from Australia's Oil Search Ltd, according to people
familiar with the matter.
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Brazil's Petrobras, Brookfield extend exclusive talks over gas pipeline unit
SAO PAULO, July 12 (Reuters) - State-controlled Petróleo
Brasileiro SA will extend for 30 days an exclusive
negotiation with Canada's Brookfield Asset Management Inc
over the sale of natural gas...
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Brasileiro SA will extend for 30 days an exclusive
negotiation with Canada's Brookfield Asset Management Inc
over the sale of natural gas...
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Valero buys remaining stake in Parkway Pipeline
July 12 (Reuters) - Valero Energy Corp bought the
remaining 50 percent stake in Parkway Pipeline LLC and said it
would gain increased access to eastern United States by
connecting the pipeline to...
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remaining 50 percent stake in Parkway Pipeline LLC and said it
would gain increased access to eastern United States by
connecting the pipeline to...
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UPDATE 1-Valero buys out partner in Louisiana-Mississippi pipeline
July 12 (Reuters) - Valero Energy Corp said on
Tuesday it bought Kinder Morgan Inc's 50 percent stake
in Parkway Pipeline LLC, previously a joint venture between the
two companies.
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Tuesday it bought Kinder Morgan Inc's 50 percent stake
in Parkway Pipeline LLC, previously a joint venture between the
two companies.
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BRIEF-Hampton Roads, Xenith bankshares receive regulatory approval for pending merger
* Hampton Roads Bankshares, Inc and Xenith Bankshares
receive regulatory approval for pending merger
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receive regulatory approval for pending merger
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