Mergers & Acquisitions News

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  • Etihad's James Hogan said the company's investment in Aer Lingus would earn a great return if Dublin would approve the 1.35 billion euros ($1.48 billion) deal, FT reported. Representatives for Etihad and Aer Lingus were not immediately available for comment.

  • Heinz deal for Kraft expands food larder for Buffett, 3G Reuters - Wed, Mar 25, 2015 22:01 GMT
    A photo illustration of a woman holding different sizes of tomato ketchups at a store selling small-sized products for single-person households in Seoul

    Shares of Kraft, known for its namesake macaroni and cheese in a box, as well as Velveeta, Maxwell House coffee and Oscar Mayer processed meats, closed up nearly 36 percent at $83.17. The two teamed up to buy control of Heinz in 2013 and collaborated on the 2014 merger of fast-food chain Burger King and Tim Hortons Inc, …

  • Small is beautiful for Kraft, Heinz investment bankers Reuters - Wed, Mar 25, 2015 21:50 GMT

    Lazard Ltd and Centerview Partners LLC have only a fraction of the staff and resources of their larger investment banking brethren, such as Goldman Sachs Group Inc and JPMorgan Chase & Co . Yet the independent ...

  • Haversham Drives Off With £1.2bn Car Dealer Sky News - Wed, Mar 25, 2015 21:16 GMT
    Haversham Drives Off With £1.2bn Car Dealer

    Sky News has learnt that British Car Auctions (BCA) is in the final stages of talks about an agreement to be acquired by Haversham Holdings, a vehicle set up to buy companies in the automotive sector. If it does take place, the reverse takeover would see £1.2bn raised from institutions including Aviva Investors, Artemis, …

  • Heinz-Kraft deal expands food larder for Buffett, 3G Reuters - Wed, Mar 25, 2015 20:40 GMT
    A Heinz Ketchup bottle and a bottle of Kraft parmesan cheese are displayed in a grocery store in New York

    Shares of Kraft, known for its namesake macaroni and cheese in a box, as well as Velveeta, Maxwell House coffee and Oscar Mayer processed meats, were up 35 percent at $82.88 in afternoon trading. The two teamed up to buy control of Heinz in 2013 and collaborated on the 2014 merger of fast-food chain Burger King and Tim …

  • Final Offer results; 98.42% of all Nutreco Shares committed GlobeNewswire - Wed, Mar 25, 2015 19:37 GMT

    JOINT PRESS RELEASE This is a joint press release by Nutreco N.V. and SHV Investments Ltd. pursuant to the provisions of section 17 paragraph 4 of the Decree on Public Takeover Bids (Besluit openbare biedingen ...

  • Telecom Italia (TLIT.MI) may revive talks to take over fixed-line broadband provider Metroweb this week after rival Vodafone (VOD.L) made a fresh attempt to buy a stake in the group, two sources close to the matter said. Metroweb is a small firm which rents out fibre optic cables but Prime Minister Matteo Renzi considers …

  • File photo shows Pirelli tyres in the paddock ahead of the weekend's Italian F1 Grand Prix in Monza

    Italian tyre maker Pirelli (PECI.MI), which is being bought by China National Chemical Corp (ChemChina), does not plan to pay a special dividend to its shareholders as part of the buyout plan, two sources with direct knowledge of the matter said. ChemChina is to buy into the world's fifth-largest tyre maker in a 7.3 billion-euro …

  • HJ Heinz buying Kraft and building a $28 billion food giant Associated Press - Wed, Mar 25, 2015 12:57 GMT
    HJ Heinz buys Kraft to build $28 billion food giant

    H.J. Heinz Co. is buying Kraft Foods, creating one of the largest food and beverage companies in the world with annual revenue of about $28 billion. The Kraft Heinz Co. will own Kraft, Heinz, Oscar Mayer, ...

  • Vontobel has cash for more purchases after asset manager deal Reuters - UK Focus - Wed, Mar 25, 2015 12:06 GMT

    Swiss bank Vontobel said it had the firepower for more deals, after agreeing to buy a majority stake in Britain's TwentyFour Asset Management and announcing takeover talks for a German-based asset manager. Zurich-based Vontobel has been restrained in acquisitions since buying Commerzbank (Xetra: CBK100 - news) 's Swiss …

  • Heinz to merge with Kraft to create US food giant Telegraph - Wed, Mar 25, 2015 10:45 GMT

    Kraft shareholders will receive $16.50 a share and own 49pc of The Kraft Heinz Company in a mega-merger to create the fifth largest food and drink company in the world

  • Kraft Swallowed Up By Heinz In Mega Merger Sky News - Wed, Mar 25, 2015 10:26 GMT
    Thomas Cook Cabin Crew Back Strike Action

    Heinz has confirmed it has agreed a merger with Kraft in a deal that would create the world's fifth largest food company. More follows...

  • Kraft cheese products are seen on the shelf at a grocery store in Washington

    3G teamed up with Warren Buffett's Berkshire Hathaway Inc (BRKa.N) to acquire Ketchup maker H.J. Heinz Co for $23.2 billion two years ago. 3G is now expected to merge Kraft with Heinz if it clinches a deal.

  • Standard General, which would operate most of the stores in conjunction with Sprint Corp (S.N), increased its initial $145 million bid by at least $20 million, according to one of the sources. It also committed to keeping some 7,500 RadioShack jobs, the source said. The result of the private auction, taking place at the …

  • Lexmark Smart MFP

    (Reuters) - Lexmark International Inc, known for its printers, said it would buy Kofax Ltd in an about $1 billion deal that would double the size of its enterprise software business. Kofax shares were ...

  • Lexmark agrees to buy software maker Kofax for $1 billion Associated Press - Tue, Mar 24, 2015 21:43 GMT

    Printer maker Lexmark International will buy software developer Kofax Ltd. for about $1 billion. The deal values Kofax at $11 per share. That's a 47 percent premium to the stock's Tuesday closing price ...

  • Lexmark says it will buy software maker Kofax for $1billion Associated Press - Tue, Mar 24, 2015 20:58 GMT

    Printer maker Lexmark International will buy software developer Kofax Ltd. for about $1 billion. The deal values Kofax at $11 per share. That's a 47 percent premium to the stock's Tuesday closing price ...

  • Deals of the day- Mergers and acquisitions Reuters - Tue, Mar 24, 2015 20:01 GMT

    ** Ocwen Financial Corp said it would sell an additional $25 billion of residential mortgage servicing rights to a subsidiary of Nationstar Mortgage Holdings Inc. Ocwen sold $9.8 billion of servicing rights to Nationstar Mortgage in February. ** Spain's Telefonica SA said it had finalised a deal to sell its British mobile …

  • Telefonica sells O2 to Hutchison Whampoa for £10 bn

    Spain's Telefonica said Tuesday it will sell British telecom giant O2 to Hong Kong group Hutchison Whampoa for £10 billion in a deal set to create one of Britain's biggest mobile phone firms

  • 888 family owners would support an all-share merger Telegraph - Tue, Mar 24, 2015 18:16 GMT

    Chief executive of gaming company says the family shareholders are "not natural sellers for cash" as it hands investors a special payout after the failed takeover by William Hill

  • Investor says buys stakes in Bulgarian tycoon's firms Reuters - Tue, Mar 24, 2015 16:00 GMT

    A Luxembourg-registered group has bought company stakes owned by fugitive Bulgarian tycoon Tsvetan Vassilev for 1 euro ($1), including in Bulgaria's biggest telecoms firm, and will take on a related 900 million euros (661.4 million pounds) of debt, it said on Tuesday. Vassilev was at the centre of a scandal last year when …

  • Retail group Kingfisher's long-running takeover talks with Mr Bricolage have stumbled on a major hurdle as the French company's board and major shareholders have admitted getting cold feet on the deal....

  • Just two weeks before Glencore can make a new approach for Rio Tinto (Xetra: 855018 - news) , the rival that rejected it last summer, the Swiss firm once seen as a deal machine seems unlikely to strike again or charm investors with any other major move soon. The trading and mining company's shares were hit by a slump …

  • Pirelli boss attacks 'nationalist' China deal critics

    Italian tyre maker Pirelli is renowned for its Formula One equipment and racy calendars

  • Turkey's Sabanci Holding cement unit sees 2015 sales rising 10-15 pct Reuters - UK Focus - Tue, Mar 24, 2015 12:49 GMT

    The cement business of Turkey's Sabanci Holding expects its sales to rise 10-15 percent this year and is looking for acquisition opportunities, its chief executive said. Sabanci's cement group, consisting of cement companies Akcansa and Cimsa, posted a 16 percent increase in sales to 2.5 billion lira ($980 million) in …

  • Kingfisher casts doubt on Mr Bricolage deal Reuters - Tue, Mar 24, 2015 11:30 GMT

    Kingfisher's (KGF.L) 275 million euro (202 million pounds) takeover of France's Mr Bricolage (MBRI.PA) has been thrown into doubt, after the British DIY firm said the majority of the board and the largest shareholder of the target company had reservations. Kingfisher, Europe's biggest home improvement retailer, said last …

  • KUALA LUMPUR (Reuters) - Malaysia's IHH Healthcare Bhd (IHHH.KL), Asia's largest hospital operator by stock market value, said on Monday it had bought a 51 percent stake in India-based Continental Hospitals ...

  • The companies did not face any major issues during the two months of due diligence, which could allow the deal to be announced on Tuesday, FT said, citing sources familiar with the matter. Owned by Asia's richest man, Li Ka-shing, Hutchison is in talks with sovereign wealth funds including China Investment Corporation, …

  • A woman speaks on her mobile telephone outside an O2 shop in Loughborough

    (Reuters) - Hutchison Whampoa Ltd is expected to finalise a deal to buy Telefonica SA's (TEF.MC) British mobile unit O2 for 10.5 billion pounds ($15.70 billion) as early as Tuesday morning, the Financial ...

  • Hutchison and Telefonica set to close O2 deal for $15.7 bln -FT Reuters - UK Focus - Mon, Mar 23, 2015 21:59 GMT

    Hutchison Whampoa Ltd is expected to finalize a deal to buy Telefonica SA's British mobile unit O2 for 10.5 billion pounds as early as Tuesday morning, the Financial Times reported. The companies did not ...

  • China National Chemical Corp (ChemChina) is to buy into Pirelli (PECI.MI), the world's fifth-largest tyre maker, in a 7.1 billion-euro ($7.7 billion) deal that will put the 143-year-old Italian company in Chinese hands. The deal, agreed with Pirelli's top shareholders on Sunday, is the latest in a series of takeovers in …

  • A woman checks her phone at the headquarters of China National Chemical Corporation in Beijing

    China National Chemical Corp (ChemChina) is to buy into Pirelli (PECI.MI), the world's fifth-largest tire maker, in a 7.1 billion-euro ($7.7 billion) deal that will put the 143-year-old Italian company in Chinese hands. The deal, agreed with Pirelli's top shareholders on Sunday, is the latest in a series of takeovers in …

  • Chinese takeover of Pirelli met with resignation in Italy

    The takeover of tyre maker Pirelli by a Chinese firm sparked feelings of bitterness and resignation in Italy on Monday, as the cash-strapped country prepared to relinquish an iconic part of its industrial ...

  • Pirelli tyres are pictured at a tyre specialist center in Turin

    After years of economic decline, Italy has become a hunting ground for Chinese companies keen to take control of prized but cash-strapped corporate names such as Pirelli, and they are no longer investing from the back seat. "The Chinese have the capital, Italy has the brands, the products and the know-how, but no money," …

  • Humana to narrow focus outside insurance with Concentra sale Associated Press - Mon, Mar 23, 2015 18:21 GMT

    Humana plans to sell occupational health care provider Concentra for about $1.06 billion, as the health insurer refines its focus on providing patient care. The Louisville, Kentucky, company said Monday ...

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