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PRESS RELEASE DUBLIN and WESTLAKE VILLAGE, Calif., June 17, 2015 /PRNewswire/ -- Allergan plc (NYSE: AGN), a leading global pharmaceutical company, and KYTHERA Biopharmaceuticals, Inc. (NASDAQ: KYTH), a biopharmaceutical company focused on the discovery, development and commercialization of novel prescription products for the aesthetic medicine market, today announced that they have entered into a definitive agreement under which Allergan has agreed to acquire KYTHERA in a cash and equity transaction valued at $75 per KYTHERA share, or approximately $2.1 billion, subject to the fulfillment of certain customary conditions summarized below. The fixed-value transaction consideration will be payable 80 percent in cash and 20 percent in new AGN shares issued to KYTHERA shareholders. Allergan's 2015 earnings-per-share forecast provided on May 11, 2015 is unchanged as a result of the acquisition. The acquisition is expected to be breakeven in 2016 and accretive thereafter.
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www.pharmacytimes.com
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https://www.pharmacytimes.com/view/allergan-to-acquire-kythera-biopharmaceuticals
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Jeep is one of several auto brands owned by parent company Stellantis. The list also includes Chrysler, Dodge, and Ram. Just four and a half years after it was created through the merger of Groupe PSA and Fiat Chrysler, Stellantis faces a series of issues, and chief among them is customer discontent with its high-end Jeep models.
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www.motor1.com
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https://www.motor1.com/news/765027/jeep-wagoneer-weird-sound-target
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In late 2024, reports of a potential merger between Humana and Cigna emerged. Cigna later said it had no plans to merge with Humana. A previous deal between the two companies fell through in 2023.
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www.beckerspayer.com
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https://www.beckerspayer.com/m-and-a/10-notable-payer-m-a-deals-in-2024
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Last month, PNC Financial Services Group Inc. agreed to buy Banco Bilbao Vizcaya Argentaria SA's banking operations in the U.S. for $11.6 billion, the largest U.S. banking deal this year.
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www.crainscleveland.com
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https://www.crainscleveland.com/finance/huntington-bancshares-buy-tcf-financial-6-billion
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Riley also bore in the 2007 merger of retail pharmacy giant CVS with PBM giant Caremark, a deal which drew bitter opposition from many independent pharmacy operators. The merger, he charged, "allows CVS Caremark to monitor and utilize every aspect of the community pharmacy transaction to [its] own advantage."
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drugstorenews.com
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https://drugstorenews.com/pharmacy/testifying-senate-ncpa-leader-cites-unfair-pbm-business-practices
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Ameritrade is working closely with the NASD to resolve the issue and expects to discuss it more with investors after the merger's expected close, Ameritrade spokeswoman Donna Kush said. "We're still discussing with (the NASD) how to handle this," Kush said. More than 99 percent of the votes cast by Ameritrade stockholders were in favor of the merger, the company said in a statement. The votes were cast by proxy and at a special stockholders meeting in Omaha, Neb. Under the merger agreement, Datek stockholders will own about half of the total shares of the combined company. Separately on Tuesday, Ameritrade announced eight of the nine board members of the combined company. J. Joe Ricketts, the founder and chairman of Ameritrade, will serve as chairman of the combined company.
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www.cnet.com
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https://www.cnet.com/tech/tech-industry/ameritrade-merger-wins-two-key-votes
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Diamondback Energy Inc. and Concho Resources Inc. pulled off all-stock deals that together were worth almost $20 billion last year, showing a willingness to merge their way to gain scale.
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www.rigzone.com
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https://www.rigzone.com/news/wire/permian_shale_primed_for_mergers_and_acqusitions-11-mar-2019-158345-article
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Mircheva joins Bally's executive leadership ranks following the February completion of a cash merger deal with Standard General that resulted in the combination of Bally's and The Queen Casino & Entertainment.
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www.hoteldive.com
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https://www.hoteldive.com/news/ballys-names-mira-mircheva-cfo-/742406
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(Reuters) - Western Digital Corp said on Thursday it rejected demands from Toshiba Corp that it drop a set of legal rights that Western Digital believes would allow the company to block Toshiba's $18 billion sale of its memory chip unit to SK Hynix as part of negotiations over a joint chip investment between Toshiba and Western Digital.
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www.reuters.com
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https://www.reuters.com/article/us-toshiba-accounting/western-digital-will-not-drop-merger-objections-in-toshiba-talks-ceo-idUSKBN1CV3IR
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WASHINGTON - MARCH 27: Jamie Dimon (L) CEO and chairman of JPMorgan Chase & Co, and Lloyd Craig Blankfein, CEO of The Goldman Sachs Group, Inc. walk away from the White House after a meeting with U.S. President Barack Obama at the White House March 27, 2009 in Washington, DC. Obama used the meeting to tell the bankers that they must look beyond short-term interests toward obligations each person has in order to make it through the current economic troubles. (Photo by Mark Wilson/Getty Images)
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fortune.com
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http://fortune.com/2016/09/13/j-p-morgan-chase-dimon-president
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The proposed merger of Videocon d2h and Dish TV India has received approval by the Competition Commission of India. The new entity will be called Dish TV Videocon and the merger will create a subscriber base of 27.6 million households and will have a 16% share of the 145-million pay-TV subscriber market.
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displaydaily.com
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https://displaydaily.com/videocon-d2h-and-dish-tv-merger-approved
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The Nexon, with its distinctive design and advanced technology, offers a compelling alternative to the XUV 3OO, while the Harrier raises the stakes with its bold styling and dynamic performance. Hyundai: Redefining Expectations Not to be outdone, Hyundai has also thrown its hat into the ring with models like the Hyundai Venue and Hyundai Creta. Known for their sleek aesthetics, refined interiors, and impressive features, these vehicles embody Hyundai's commitment to delivering unparalleled quality and performance.
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english.newstracklive.com
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https://english.newstracklive.com/news/this-car-is-competing-with-mahindra-xuv-3xo-best-models-of-tatahyundai-included-sc73-nu371-ta371-1317556-1.html
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Unsurprisingly, most of the approved NMEs in pharma pipelines come through mergers and acquisitions. For example, in 2009 Pfizer acquired another pharmaceutical giant founded in 1860, Wyeth bringing in a large portfolio of drugs. 2009 was a big year for M&A. Same year, Roche acquired Genentech, which had a celebrated portfolio of NMEs several of which came through Genentech's strong internal biology capabilities. So naturally, the top three leaders in M&A over the past two decades were Pfizer, MSD and Roche.
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biz.crast.net
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https://biz.crast.net/what-are-the-most-productive-pharmaceutical-companiespharmaceutical-rd-efficiency-review-1999-2018
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Although this was a paper hit, it raised questions over trading powerhouse Glencore's largest deal to date, sealed just as the commodity cycle turns. Analysts say a strong performance on Tuesday could help perceptions of Glencore but the success or otherwise of the merger will take longer to determine. It will depend on factors ranging from market prices to the ability to retain former Xstrata staff operating the mines. "How do you prove it was a good deal? You prove it was a good deal by not only increasing the synergies, but delivering on them," said analyst Chris LaFemina at Jefferies. "You prove it was a good deal by getting a better than expected price for whatever assets you are going to sell. You prove it was a good a deal over time by operating well." (Reporting by Clara Ferreira-Marques; Editing by Anthony Barker)
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finance.yahoo.com
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https://finance.yahoo.com/news/glencore-vaunt-successes-46-billion-154127412.html
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According to the story, which has yet to be confirmed officially by Sprint and MetroPCS, talks between the two companies have been underway for months and Sprint's CEO Dan Hesse reportedly gave his approval to the deal. It was supposed to be officially announced sometime next week. The merger would have given MetroPCS shareholders shares in Sprint also with some cash for a deal that would have been worth about $8 billion. However, for reasons that have yet to be reported, Sprint's board of directors apparently voted not to go ahead with the MetroPCS merger. Sprint is still struggling to fight off both Verizon and AT&T, both of which are now busy building their 4G LTE networks. Sprint is well behind on its own 4G plans although it has stated it will being launching its own LTE network later in 2012.
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www.neowin.net
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https://www.neowin.net/news/sprint-reportedly-walks-away-from-metropcs-merger
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** Quest Diagnostics Inc, the No. 1 clinical laboratory-testing company, said on Wednesday that it would sell one of its diagnostic products businesses and take a 56 cent-per-share charge to write down part of its value and that of another business.
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www.reuters.com
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http://www.reuters.com/article/2013/01/16/deals-day-idUSL4N0AL6US20130116?feedName=fundsFundsNews&feedType=RSS
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Shares of SIRIUS Satellite Radio (NASDAQ:SIRI) are trading up roughly 2% a day ahead of earnings, and this is likely due to a somewhat stabile market after last week's market slide. The satellite radio provider is expected to post a loss with -$0.10 EPS and $228.3 million in revenues, according to First Call.
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247wallst.com
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https://247wallst.com/media/2007/07/30/can-sirius-draw
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Cigna (NYSE:CI) operates as a comprehensive provider of insurance and related services across the United States. The company specializes in delivering coordinated health services, including pharmacy benefits and care management, alongside a variety of medical, pharmacy, behavioral health, and dental products. Recently, Bloomberg has reported that discussions have emerged regarding a potential merger between the company and Humana, another major player in the health insurance market.
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www.insidermonkey.com
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https://www.insidermonkey.com/blog/jim-cramer-on-tesla-and-other-stocks-1380536/9
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DAYTONA BEACH, Fla., July 24, 2023 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. ( NYSE: BRO ), and Ralf H. "Goober" Schaarschmidt II and Todd Wood, the owners of New England Excess Exchange (" NEEE "), today announced that Bridge Specialty Group has entered into an agreement to acquire the assets of NEEE. The transaction is expected to close in August 2023, subject to certain closing conditions. Established in 1981 in Vermont, NEEE has grown to become a leading wholesale MGA providing commercial and personal lines insurance solutions for qualified independent retail brokers throughout New England, Tri-State and Mid-Atlantic regions. With a focus on hard-to-place risks and leveraging technology, NEEE is committed to providing best-in-class coverage options and impeccable customer service.
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business.times-online.com
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https://business.times-online.com/times-online/article/gnwcq-2023-7-24-brown-and-brown-inc-enters-into-agreement-to-acquire-new-england-excess-exchange
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Although it reported an $80 million loss in the first quarter, Continental is widely viewed as the second-strongest U.S. carrier in financial terms, behind only Southwest Airlines Co., which has indicated it isn't interested in a merger.
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www.cbsnews.com
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http://www.cbsnews.com/news/continental-says-it-wont-seek-merger
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Metal Tiger PLC ( LON:MTR ) has said it is impressed by ongoing progress and results from Sandfire Resources' Tshukudu project in Botswana. The AIM-quoted firm has 3.57% of Sandfire's shares and holds a 2% net smelter royalty over the project. Sandfire on Monday released a project update including drill results showing copper grades up to 3.6% over a 20.5 metre section, plus a breadth of other drill results with grades of 1.1% to 2.5%. Metal Tiger PLC ( LON:MTR ) has said it is impressed by ongoing progress and results from Sandfire Resources' Tshukudu project in Botswana.
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www.proactiveinvestors.co.uk
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https://www.proactiveinvestors.co.uk/companies/news/920381/proactive-news-headlinesasiamet-resources-bahamas-petroleuminnovaderma-westminster-group-gfinity--920381.html
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The popular variant is a predecessor to the Boeing's 737 MAX, which awaits regulatory approval in China, the world's largest domestic aviation market. The 737-800 has a maximum seating capacity of 189 and is equipped with a CFM-56 engine, according to Boeing's website. It was not clear immediately if the aircraft involved in the accident had the same engine as airlines are free to choose engines from other suppliers. The CFM engines are made by a joint venture between General Electric Co and France's Safran SA. GE shares were down about 1%, while France-listed Safran fell 3%. The planemaker's shares fell 4.5% in early trading, while the Chinese airline's U.S. listed ADRs were down about 9%. Parts suppliers Spirit AeroSystems Holdings Inc, Hexcel Corp and Triumph Group Inc were down between 1% and 4%.
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au.lifestyle.yahoo.com
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https://au.lifestyle.yahoo.com/boeing-shares-fall-737-plane-111133067.html
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Despite there being little to suggest a takeover of SABMiller, the largest brewer before Inbev's deal with A-B, or a possible merger with Heineken, which earlier this year finalised with Carlsberg the joint takeover of Scottish & Newcastle, the brewing industry seems caught up in a wave of consolidation as pressures mount to trim costs. As such, observers predict it won't be too long before SABMiller gets together with a rival.
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www.marketingweek.com
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https://www.marketingweek.com/2008/07/23/sabmiller-remains-solo-as-consolidation-sweeps-the-brewing-industry
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Total Produce, Dole Food Co. Inc. and affiliates of Castle & Cooke Inc., which own a 55% interest in Dole's parent company, Dole Holdings, said they entered into a binding transaction agreement to combine under the newly created U.S.-listed company, Dole plc. Total Produce, which was formed in 2006 when it separated from Fyffes, has owned 45% of Dole since 2018. Under the terms of the new agreement, Total Produce shareholders will receive 82.5% of Dole plc shares and the Castle & Cooke shareholders will receive 17.5% of Dole plc shares. "I am delighted with this transaction, which combines two highly complementary premium businesses to create the global leader in fresh produce," Carl McCann, chairman of Total Produce, said in a news release. "I am confident the combined business will open new avenues of value creation for shareholders and pursue innovation in healthy nutrition for our customers worldwide." McCann said the intention to list the new company in the U.S. is an exciting "next step" for Dole plc.
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www.thepacker.com
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https://www.thepacker.com/news/industry/updated-total-produce-combine-dole-food-company
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Although Transocean Sedco Forex will be the largest offshore drilling company, the partners do not expect the merger to raise any antitrust issues, because their share of the total offshore and floating fleets "is not that great," in the words of Talbert.
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www.ogj.com
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https://www.ogj.com/home/article/17230486/sedco-forex-offshore-to-merge-with-transocean
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Antonina Batova: We have no evidence as to that Activision is going to start providing games to cloud platforms in the near future. On the contrary, the cloud gaming community knows that Activision has quite a harsh standing on cloud gaming, which only confirms that most likely they are not going to be available on cloud gaming services in the near future. In theory it is, of course,
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gamebastion.com
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https://gamebastion.com/n/boosteroid-there-s-no-evidence-of-activision/307689
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The news caught the analyst community by surprise, as many had believed, given Symantec's woes, that a deal was in the best interest of the company. "With Symantec in the midst of coming off a sudden CEO departure, soft results/guidance, and a myriad of company specific/secular headwinds now is the right time to finally consider a sale of the business after what has been an arduous 14 years of 'one step forward, two steps back' history since the doomed Veritas acquisition in 2005," Wedbush said in a note last week. Adding to expectations of an imminent deal, both companies announced last week that talks were at an "advanced stage," with Bloomberg, citing sources, reporting a deal was expected to be announced as early as Tuesday. Broadcom was expected to realize up to $1.5 billion in cost savings by merging Symantec with CA, which it acquired in July last year, Wedbush added.
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au.investing.com
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https://au.investing.com/news/stock-market-news/stockbeat--symantec-slumps-as-merger-talks-with-broadcom-reportedly-fall-through-1910597
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TORONTO, ONTARIO--(Marketwired - Jul 23, 2013) - Barrick Gold Corporation ( ABX )( ABX.TO ) (Barrick or the "company") today announced it has entered into an agreement to divest Barrick Energy Inc. ("Barrick Energy"). As part of its disciplined capital allocation framework, Barrick is actively pursuing opportunities to optimize its portfolio, including through opportunities to divest certain non-core assets. The sale of Barrick Energy represents such a divestiture in this ongoing process.
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finance.yahoo.com
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http://finance.yahoo.com/news/barrick-announces-agreement-divest-barrick-210100853.html
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Corporate actions data cleansing solution provider Fidelity ActionsXchange has bagged its first customer of the year with the signing of Knight Capital Group's clearing subsidiary Knight Clearing Services. Laura Pollard, executive vice president and head of Fidelity ActionsXchange, explains that the vendor has been working with Knight, which is focused on the trade execution and clearing space for broker dealers, for around a year on the implementation. Although this is a win for the more traditional end of Fidelity ActionsXchange's business, the vendor remains focused on deliverables related to the expansion of its remit, Pollard tells Reference Data Review. Knight Clearing Services is using the vendor's ActionService platform to provide corporate actions information, such as corporate reorganisations, restructuring and mergers, to support the firm's equity trading operation.
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a-teaminsight.com
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https://a-teaminsight.com/blog/fidelity-actionsxchanges-pollard-talks-up-win-with-knight-clearing-services-and-plans-for-2010/?brand=ati
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By now, most consumers understand the disadvantages of widespread consolidation among the remaining legacy airlines ( American Airlines, United Air, Continental Airlines, Delta Air Lines, Northwest Airlines and U.S. Airways). Along with this understanding, many would-be airline patrons are masked in the darkness of the unknown. The many questions left unanswered at this time include: What will happen to the advance fare I purchased, my frequent-flyer points, service to and from my destinations, the loyalty I built over time?
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www.forbes.com
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https://www.forbes.com/2008/03/07/widzer-travel-airline-mergers-oped-cx_jwi_0307widzer.html
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The year 2014 will be hard to top in M&A total value activity due to the $38-billion merger of Halliburton and Baker Hughes. A total of 39 oil and gas deals were made, with values greater than $50 million, accounting for $34.5 billion, compared to 70 deals worth $103.5 billion on a sequential basis, and 60 deals worth $26.4 billion in 1Q 2014, according to PwC US. For deals valued at more than $50 million, there were 26 corporate deals worth $30.4 billion verses 13 asset deals worth $4.1 billion in 1Q 2015. Corporate deals represented 67% of the total deal volume and 88% of the total deal value, which included two midstream megadeals (deals valued more than $1 billion) in the quarter. Overall, there were four megadeals worth $23 billion, representing 67% of total deal value.
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www.offshore-mag.com
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https://www.offshore-mag.com/business-briefs/article/16767433/online-exclusive-oil-and-gas-ma-activity-on-the-uptick-in-2015
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BETHESDA, Md., March 28, 2016 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR ) today reaffirmed its commitment to acquire Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT ), confident that the previously announced amended merger agreement is the best course for both companies. The combined company will offer stockholders significant equity upside and greater long-term value driven by a larger global footprint, wider choice of brands for consumers, substantial revenue synergies, and improved economics to owners and franchisees leading to accelerated global growth and continued strong returns. On March 26, 2016, Starwood notified Marriott that it had received an updated unsolicited proposal from a consortium of potential investors, led by Anbang Insurance Group, which its Board is considering.
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www.prnewswire.com
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https://www.prnewswire.com/news-releases/marriott-international-reaffirms-its-commitment-to-acquire-starwood-hotels--resorts-worldwide-says-its-signed-deal-provides-greater-long-term-value-for-starwood-stockholders-300241892.html
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Kestenbaum has extensive experience in the metals industry and a track record in turnarounds and restructurings. He previously served as executive chairman and CEO of Stelco, a Canadian steel giant sold to Cleveland Cliffs in 2024. Cleveland Cliffs has also bid to takeover U.S. Steel.
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www.benzinga.com
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https://www.benzinga.com/news/mid-cap/25/01/43275376/who-is-alan-kestenbaum-activist-investor-ancoras-pick-to-lead-us-steel
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Blessed by a resurgence in airline traffic, higher fares and lower fuel prices, the employee-owners of UAL Corp. have been flying high. A 15-month-old buyout by the company's unions and salaried employees has been a model of labor-management relations. After six years and $3.1 billion in losses, the Chicago-based parent of United Airlines is back in the black. Just last week, UAL posted record third-quarter earnings of $243 million. So, why ruin a good thing?
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www.chicagobusiness.com
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http://www.chicagobusiness.com/article/19951028/ISSUE01/10008479/ual-deal-with-usair-cutting-through-clouds"
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Its name may sound soft and comforting. But the Children's Investment Fund, a London-based hedge fund better known as TCI, is more like a pebble in the shoe of Europe Inc. Just ask ABN Amro ( ABN ). Under assault from dissident shareholders led by TCI, the Dutch bank confirmed on Mar. 20 that it is in talks to join Barclays PLC ( BCS ) in a potential $80 billion deal that would be Europe's biggest-ever cross-border banking merger; ABN Amro had been seeking a suitor to fend off TCI, which owns about 1% of the bank's stock.
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www.bloomberg.com
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https://www.bloomberg.com/news/articles/2007-04-01/the-smart-money-is-chasing-euro-deals
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We believe our Proposal will result in significant benefits to CCPT III stockholders when compared to the Internalization Transaction, including: We believe that these transaction benefits are very compelling for CCPT III stockholders, as well as ARCP stockholders, and make our Proposal more attractive than the proposed Internalization Transaction. Internalization Transaction Fails to Maximize Stockholder Value We believe that the Internalization Transaction raises significant conflict issues – it only delivers certainty of value to Cole Holdings with no guarantee that CCPT III stockholders will benefit in any way. This result is in clear contrast to market norms, including recent high-performing and market-supported comparables, such as the announced merger between Cole Credit Property Trust II, Inc. (" CCPT II ") and Spirit Realty Capital, Inc. (NYSE: SRC ), the successful merger of American Realty Capital Trust III, Inc. with ARCP, and American Realty Capital Trust, Inc.'s merger with Realty Income Corp.
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www.prnewswire.com
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http://www.prnewswire.com/news-releases/american-realty-capital-properties-offers-to-purchase-cole-credit-property-trust-iii-for-9-billion-creating-the-largest-highest-quality-publicly-traded-net-lease-reit-199123821.html
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NETANYA, Israel, March 22, 2011 /PRNewswire-FirstCall/ -- Cellcom Israel Ltd. (NYSE: CEL ) (TASE: CEL) (hereinafter: the "Company") announced today that following its previous announcement it has approached Netvision Ltd., or Netvision, with a proposal to negotiate a merger between the Company's subsidiary and Netvision, Netvision notified the Company of its decision to enter such negotiations with the Company. Consummation of the transaction is subject to various conditions and the Company can provide no assurances that it will enter into any transaction. For details on the proposed merger transaction with Netvision and the conditions for its consummation see the Company's most recent annual report on Form 20-F for the year ended December 31, 2010 under "Item 5. Operating Results - Overview - Recent Developments".
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www.prnewswire.com
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https://www.prnewswire.com/news-releases/cellcom-israel-announces-netvision-agrees-to-enter-merger-negotiations-118415404.html
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Meanwhile, the corporate world was watching. And the first to spot this was Warner Bros. In 1996, it acquired CN as part of the merger between Turner Broadcasting and Time Warner. And eventually, Time Warner became WarnerMedia, further cementing CN within a giant corporate structure.
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finshots.in
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https://finshots.in/archive/whats-up-with-cartoon-network
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The Dutch executive, who joined Unilever as CEO in January 2009, has pledged to save 6 billion euros ($7.2 billion) in a cost-cutting drive after rebuffing an unsolicited takeover bid from Kraft Heinz, known for its frugality, in February. Earlier this month, Unilever's board hired headhunting firm Egon Zehnder to cement its succession planning for Polman's eventual departure, which is expected to be in about 18 months, according to a person familiar with the situation.
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www.financialexpress.com
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https://www.financialexpress.com/industry/unilever-ceo-paul-polman-loses-his-cool-with-analyst-at-investor-event/957594
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In the 1980s, online trading wasn't even on the radar for most companies — but E*TRADE was a pioneer in the field. Now it's part of banking giant Morgan Stanley. The merger, completed on Oct. 2, 2020, brings E*TRADE's revolutionary platform to Morgan Stanley.
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www.aol.com
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https://www.aol.com/15-best-roth-ira-accounts-213727488.html
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Two commercial-scale drug product manufacturing facilities currently under construction are expected to become operational later this year and early next year, respectively. STA Pharmaceutical, after this merger, will provide fully integrated small molecule Active Pharmaceutical Ingredient (API) and drug product solutions to global clients, resulting in a seamless Chemistry, Manufacturing and Control (CMC) working process. The merger enables STA to advance New Chemical Entities from preclinical stage to New Drug Application (NDA) and to market faster and more efficiently for pharma and biotech customers.
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drug-dev.com
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https://drug-dev.com/wuxis-pharmaceutical-development-services-division-merges-with-sta
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A pair of Brazilian companies unleashed a $625 million offer Monday for Chiquita Brands International Inc., seeking to thwart the U.S. banana company's plans to merge with Ireland's Fyffes PLC.
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www.wsj.com
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http://www.wsj.com/articles/chiquita-gets-625-million-buyout-offer-from-cutrale-safra-1407769764?mod=Business_newsreel_6
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DXC Technology was formed by the 2017 merger of Computer Sciences Corp. and Hewlett-Packard's enterprise services business. It has about 3,500 Washington-area employees and more than 170,000 globally.
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wtop.com
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https://wtop.com/business-finance/2019/04/tysons-based-dxc-technology-will-help-bmw-with-self-driving-cars
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'The UAE's ambitious domestic Islamic finance strategy may lead to further M&A involving Islamic banks. Emirates NBD and Abu Dhabi Commercial Bank have acquired domestic Islamic subsidiaries, which should support growth in financing and deposits. In Oman, banks such as Oman Arab Bank and Sohar International Bank have completed or are pursuing acquisitions of Islamic banks to cement their market presence,' Fitch said.
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www.muscatdaily.com
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https://www.muscatdaily.com/2025/06/01/gcc-bank-consolidation-may-accelerate-amid-lower-oil-prices
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"The demerger of the towers which were owned by the mobile companies and a subsequent merger into Indus Towers has been approved and this property is being filed with the RoC. The timing of the IPO will be decided based on market conditions," they added. Bharti Airtel, Vodafone and Idea Cellular declined to comment on the story. One of the executives mentioned earlier said "while the court order is significant, a lot of the towers under Indus are fresh towers as well". Indus Towers owns the passive infrastructure of the three telcos which together control 67% of the domestic mobile telephony revenue. Its tenancy ratio is estimated at 1.98 with operations in 15 circles. The delay in formalizing the merger of the Vodafone's assets into Indus Towers was closely tracked by rival mobile service providers and tower operators, as the consolidation carries implications for smaller telecom infra firms struggling in a debt-laden industry with falling revenues and rising energy costs.
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www.itvoice.in
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https://www.itvoice.in/hc-clears-vodafone-indus-tower-merger
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Most current analyst estimates for General Mills' earnings in the fiscal third quarter, which ends Feb. 25, 2001, assume estimated impacts from the Pillsbury acquisition. In last year's third quarter, General Mills earned 50 cents per diluted share. The consensus of third-quarter estimates published by First Call currently is 36 cents per share. Since the Pillsbury acquisition has not yet closed, General Mills expects its third quarter diluted EPS will be significantly above that consensus estimate.
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www.just-food.com
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https://www.just-food.com/news/usa-general-mills-says-sale-of-pillsbury-desserts-business-intended-to-gain-regulatory-clearance-on-pillsbury-merger
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Kroger bid $34.10 per share, or $20 billion, for Albertsons and will also assume $4.7 billion of the supermarket's debt, according to a press release on Friday (Oct. 14).
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www.pymnts.com
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https://www.pymnts.com/cpi-posts/25b-kroger-albertsons-merger-deal-could-close-400-stores
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Both companies' boards of directors have unanimously determined that the proposed combination is in the best interest of their respective companies. BofA Merrill Lynch is acting as financial advisor to Loblaw for purposes of this transaction and delivered an opinion to Loblaw's Board of Directors as to the fairness, from a financial point of view, of the consideration to be paid by Loblaw in the transaction. RBC Capital Markets is acting as financial advisor to Shoppers Drug Mart and has provided an opinion to the board of directors of Shoppers Drug Mart that the consideration under the transaction is fair, from a financial point of view, to Shoppers Drug Mart shareholders. Loblaw retained Torys LLP as its legal counsel and Borden Ladner Gervais LLP in connection with competition matters. Osler, Hoskin & Harcourt LLP is acting as legal counsel to Shoppers Drug Mart.
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perishablenews.com
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https://perishablenews.com/retailfoodservice/loblaw-to-acquire-shoppers-drug-mart-corp-for-12-4-billion-in-cash-stock
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Indeed, First Bank System Inc. on Monday agreed to buy Firstier Financial Inc. for $38 per share, $1 less than the market price the day before announcement. And Mercantile Bancorp. last Friday agreed to pay only a 13% market premium for Hawkeye Bancorp. That was less than half the 28% average market premium paid for a bank this year.
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www.americanbanker.com
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https://www.americanbanker.com/news/merger-talk-boosts-bank-share-to-point-of-diminishing-returns
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Colourful though this may be, it is a lot less important than what will happen if Lussi does depart, for Clearstream is half-owned by Deutsche Börse. There was a time last year during the merger talks with the London Stock Exchange when it looked as if a restructuring of the European securities infrastructure might take place on horizontal lines, with the trading platforms getting together, then the clearing houses, then the settlement organisations. This is what the big investment banks represented in the European Securities Forum have been pressing for.
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www.thisismoney.co.uk
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https://www.thisismoney.co.uk/money/news/article-1554503/CW-could-be-poised-for-prize-buys.html
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Cisco Systems, a multinational technology company, acquires Sentryo, maker of an industrial IoT platform. The San Jose-based company says it intends to merge Sentryo's technology with Cisco's intent-based networking technology. Cisco also added that the technology will help infrastructure companies become more resilient in the face of potential cybersecurity attacks.
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www.analyticsinsight.net
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https://www.analyticsinsight.net/top-10-cybersecurity-mergers-and-acquisition-of-2019
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It made contact again last Friday, unveiled its $15.50 takeover proposal on Monday, and was invited in again to do due diligence yesterday after agreeing that Macarthur shareholders could also keep a June-half dividend of up to 16¢ a share, taking the total to $15.66. The US group is bidding jointly this time with Macarthur's 16 per cent shareholder, the ArcelorMittal steel group, and wants only a majority of the shares as a minimum, compared with a 75 per cent minimum last year. But there are two other large shareholders on the register, China's CITIC investment house, which owns 24.5 per cent, and Korea's Posco steel group, which owns 7 per cent, and the attitude of CITIC in particular will be important. CITIC did not favour Peabody's revised $15-a-share offer last year, and it is a potential partner in any counter-bid. An auction is not assured, but it's believed that there has been initial contact between Macarthur and other interested parties.
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www.smh.com.au
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https://www.smh.com.au/business/peabody-signals-confidence-in-future-of-coal-with-renewed-macarthur-bid-20110714-1hfza.html
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And all of this came about because a few people at Nissan were working to prevent a merger between Nissan and Renault which resulted in a corporate coup," she said in a statement on Saturday. Her comments come a day after Ghosn abruptly cancelled what would have been his first press conference since his arrest in Tokyo in November. His lawyers cited concern that it could invite retaliation by Japanese authorities.
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www.business-standard.com
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https://www.business-standard.com/amp/article/international/carlos-ghosn-s-wife-steps-up-call-for-g20-leaders-to-help-her-husband-119062900387_1.html
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Some of the more noteworthy highlights across our client companies during the quarter include the following. In September, SIR and GOV announced plans for a stock-for-stock merger, which would create the leading national office REIT that will be renamed Office Properties Income Trust, or OPI. In connection with this transaction, the cross-ownership between GOV, SIR, and ILPT will be eliminated. GOV has already disposed of its 27.8% ownership in SIR, and SIR plans to distribute its 69.2% ownership in ILPT prior to closing.
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www.fool.com
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https://www.fool.com/earnings/call-transcripts/2018/12/03/the-rmr-group-inc-rmr-q4-2018-earnings-conference.aspx?source=iedfolrf0000001
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The marriage would produce the fourth-largest food retailer in the United States by market share, behind Walmart, Kroger Co. and Albertsons Cos. The merger is subject to shareholder and regulatory approval and is expected to close in mid-2016. The boards of both companies have unanimously recommended that shareholders support the deal. The companies announced they were in preliminary talks to merge in May. Although the partners are based in Europe, each gets more than 60% of its revenues from operations in the United States. The merger will bring together Delhaize America's Food Lion and Hannaford supermarket chains with Ahold USA's Stop & Shop, Giant Food, Giant Food Stores and Martin's Food Markets grocery chains, as well as its Peapod online grocery sales and ground delivery service. Overall in the United States, the combined company would have 2,063 stores and annual sales of about $37 billion.
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massmarketretailers.com
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https://massmarketretailers.com/bfresh-format-launched-by-ahold
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There's certainly been plenty of consolidation in the industry with companies looking to save money on redundancies like sales forces. Thermo Fisher is, of course, the result of the merger of Thermo Electron and Fisher Scientific.
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www.nasdaq.com
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https://www.nasdaq.com/articles/heres-why-qiagen-skyrocketed-over-43-in-november-2019-12-04
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Wells Fargo is noted for alternative delivery systems, including hundreds of supermarket branches and an industry-leading Internet banking service with almost 500,000 customers. These nonoverlapping, arguably complementary profiles could complicate the technology aspects of the merger. Wells Fargo has generally preferred custom-developed software, while Norwest relied on off-the-shelf packages for such key functions as demand deposit, commercial loans, and general ledger. Some observers said unfortunate timing, not cultural differences, cursed Wells Fargo's integration of First Interstate. One former Wells Fargo technology official, quoted here on condition of anonymity, said "the problem with Wells' previous integration wasn't that it couldn't happen, but that it was rushed. It was all about time frames and doing it quickly." Ten years earlier, Wells was praised for the way it handled Crocker National Corp., a textbook in-market merger in which it cemented its reputation for efficiency.
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www.americanbanker.com
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https://www.americanbanker.com/news/tech-point-man-in-wells-norwest-knows-both-sides
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McAfee also plans to integrate browser isolation technology into MVISION Unified Cloud Edge thanks to McAfee's definitive agreement to acquire Light Point Security, LLC, an award-winning pioneer of browser isolation.
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cio.eletsonline.com
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https://cio.eletsonline.com/news/mcafee-make-cloud-most-secure-environment-business/64613
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MEC won the account in 2009 in a consolidation following the Lloyds-HBOS merger, before Group M set up Greenhouse, a bespoke media agency unit for Lloyds Banking Group in 2015, and then MediaCom won the client following another review in 2018. Zenith previously handled the Lloyds TSB part of the account before the 2009 consolidation. Catherine Kehoe, chief customer officer for Lloyds Banking Group, said: "The media landscape is undergoing rapid change and brands need the most advanced thinking in order to effectively and efficiently communicate with audiences. "We were very impressed by the media, digital and data capabilities of Zenith and look forward to working with them." "I'd like to thank both MediaCom and Group M, with whom we have worked successfully for several years, for their dedication and support. They have been a hugely valued partner." Natalie Cummins, UK chief executive of Zenith, said: ''Lloyds Banking Group came to us with a big but simple challenge, about navigating a vastly changed media world.
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www.campaignlive.com
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https://www.campaignlive.com/article/zenith-scoops-lloyds-banking-group-media-account/1732202
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Since GM rebuffed his overtures two years ago to combine, Marchionne has said finding a partner for Fiat Chrysler will probably be the job of his successor. Leaving a debt-free company could be his ultimate legacy, unless changing market conditions and new policies set by U.S. President-elect Donald Trump give him one final chance to complete a major deal. "Marchionne was vocal on the ideal merger partner," said Mediobanca's Vecchio, who raised his recommendation on Fiat Chrysler to outperform from neutral on Jan. 5. "We see some chances that Trump's unconventional approach would favor a national champion." By Tommaso Ebhardt
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www.industryweek.com
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http://www.industryweek.com/growth-strategies/marchionne-enters-final-push-free-fiat-chrysler-debt
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Renesas Electronics Corporation and Altium Limited have announced a landmark agreement for Renesas to acquire Altium in a significant move for the electronics industry. The acquisition, valued at approximately A$9.1 billion, marks a strategic partnership between two industry leaders.
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timesng.com
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https://timesng.com/renesas-acquire-altium
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HomeStreet sold $990 million in multifamily CRE loans to Bank of America in December, then inked a $300 million deal to be purchased by California-based Mechanics Bank.
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www.bankingdive.com
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https://www.bankingdive.com/news/atlantic-union-sells-roughly-2-billion-cre-loans-blackstone/751889
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Krichefski also pioneered Mental Health First Aiders to promote staff well being. In 2020, Krichefski was promoted to the role of global COO and EMEA CEO of MediaCom, helping to oversee the EssenceMediacom merger, before taking on the role of EMEA and UK CEO of Group M in 2023. He was elected IPA president in the same year, launching the People First Promise to encourage agencies industry-wide to prioritise mental health. In his LinkedIn post, he recalled starting out at MediaCom in 2011: "By lunchtime on my first day at MediaCom all those years ago, I genuinely felt like I had come home. It was a special feeling, and it has always stayed with me." In an internal memo to staff, Lesser said "we're grateful to Josh for everything he's done for us and wish him the best for the future". He thanked Krichefski "for his many contributions to Group M, EssenceMediacom, WPP and the UK advertising industry".
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www.campaignlive.com
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https://www.campaignlive.com/article/emea-chief-josh-krichefski-leave-group-m-14-years/1910589
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By removing the NYSE from the long-running global consolidation battle, the merger would clear the way for Nasdaq to bid for the London Stock Exchange unchallenged. The deal will put further pressure on other major exchanges such as Deutsche Börse, which is also wooing Euronext after failing in a takeover bid for the LSE last year and risks becoming isolated by the current wave of consolidation.
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www.independent.co.uk
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http://www.independent.co.uk/news/business/news/lse-under-threat-as-euronext-and-nyse-agree-deal-479253.html
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AbbVie ( ABBV ), which would have moved its legal address to the United Kingdom as part of the plan, said the Treasury action "fundamentally changed the implied value of Shire to AbbVie" in ways that made it impossible to achieve "an acceptable return for our shareholders."
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www.usatoday.com
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https://www.usatoday.com/story/money/2015/08/04/shire-makes-30b-offer-baxalta/31095773
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After Dollar General's (DG) revenue miss and the decline of its stock price, TheStreet's Jim Cramer says he's keeping an eye on Dollar Tree (DLTR) earnings next week. Dollar Tree is set to release second quarter fiscal 2015 results on Tuesday September 1 before the market open. Cramer says Dollar Tree is important for two reasons: because it's merging with Family Dollar (FDO) and second, because Dollar General saw a 'rare miss' this week and its stock keeps getting punished. Cramer goes on to say, 'I think that Dollar Tree is a better option than Dollar General and I think that the merger is brilliant.' So what investors might want to do he says, is 'if Monday turns out to be a negative session, maybe put some on Dollar Tree because I think they're going to do better than Dollar General.' Analysts polled by Reuters are expecting the company to post earnings of $0.62 a share on revenue of $3.04 billion.
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www.thestreet.com
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https://www.thestreet.com/video/13270304/jim-cramer-is-keeping-an-eye-on-dollar-tree-earnings-next-week.html
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RBC Capital had some encouraging words for Jabil earlier this week. The analyst is encouraged by the electronics contractor's near-term prospects as enterprise seasonality and synergies of its recent merger with plastics contract manufacturer Nypro kick in. Jabil completed its purchase of Nypro two months ago.
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www.fool.com
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https://www.fool.com/investing/general/2013/06/14/5-reasons-to-worry-about-next-week-37.aspx
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Constructed as a merger, the all-share transaction will see Quantun's HDD stockholders receive 1.52 shares of Maxtor common stock for every one share they hold in Quantum. This values the deal at $2.3 billion.
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www.theregister.com
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https://www.theregister.com/2000/10/14/blimey_maxtor_buys_quantum_hdd
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Circle K operator Alimentation Couche-Tard is likely to face a tough U.S. antitrust review if it moves forward with its $47.2 billion bid to buy 7-Eleven owner Seven & I Holdings.
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www.japantimes.co.jp
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https://www.japantimes.co.jp/business/2024/10/18/companies/couche-tard-us-ftc
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It did not rule out accepting a higher offer. Gocompare demerged from insurance group Esure last year, with its shares rising more than 40pc since it was spun out as a separate company. Sir Peter, who chairs Gocompare's board and founded the insurers Direct Line and Esure, said he was pleased with the transformation of the business and saw ZPG's offer as opportunistic. According to takeover rules, ZPG now has until December 12 to give the deal another try or walk away. It is unclear if the firm intends to return with a higher offer, simply telling investors on Tuesday that the board was now "considering its position".
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www.telegraph.co.uk
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https://www.telegraph.co.uk/business/2017/11/14/zoopla-fails-hit-high-note-gocompare-snubs-highly-opportunistic/
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Royal Dutch Shell (NYSE: RDS-A) and EOG Resources (NYSE: EOG) were vying for exploration in the Santanghu Basin as well, but only Hess has been able to walk away with an official agreement for shale oil.
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www.energyandcapital.com
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http://www.energyandcapital.com/articles/china-shale-oil-investing/3670
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Through its partnership with Netflix, LG Uplus increased its competitiveness advancing the company's augmented reality (AR) and virtual reality (VR) content.
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koreatechtoday.com
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https://koreatechtoday.com/sk-telecoms-merger-with-t-broad-may-create-fiercer-competition
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Hyundai Heavy Industries (HHI) Group and Korea Development Bank (KDB) signed on Friday a definitive agreement to acquire Daewoo Shipbuilding & Marine Engineering (DSME), in the presence of Kwon Oh-gap, Vice Chairman & CEO of HHI Holdings; Ka Sam-hyun, President & CEO of HHI; and Lee Dong-gull, Chairman & CEO of KDB.
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www.marinelink.com
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https://www.marinelink.com/news/hhi-group-inks-deal-acquire-dsme-463747
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A privately-owned international bus operator that commenced operations in Perth in 1995 has struck a friendly merger agreement with SeaLink Travel Group, which operates the Rottnest and Swan River ferry services.
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www.businessnews.com.au
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https://www.businessnews.com.au/article/Sealink-to-acquire-Transit-for-up-to-700m
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In 2003, Sanfilippo helped incorporate the three Horseshoe Gaming casinos into Harrah's Entertainment following a $1.4 billion buyout. Two years later, Sanfilippo played a similar role in merging casinos into the company when Harrah's bought Caesars Entertainment Inc. for $9 billion, the largest gaming industry merger in history. During the Pinnacle-Ameristar merger, the buying company worked to mitigate the worries of skittish employees, who were involved in just the second major gaming buyout since the recession hit. Two years earlier, Boyd Gaming Corp. bought regional company Peninsula Gaming for $1.45 billion. "We interviewed all employees and we selected the best individual who was the best fit in the new, larger company," Sanfilippo said. Pinnacle also decided to not eliminate the Ameristar name from casinos.
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www.reviewjournal.com
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https://www.reviewjournal.com/business/the-merger-man-sanfilippo-drew-on-experience-in-deal-for-ameristar
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Euro Disney is currently 40 percent owned by Walt Disney and 10 percent by the Saudi prince AlWaleed bin Talal with the rights issue to raise 351 million euros open to all shareholders but backed by Walt Disney, which will be required to make a tender offer for the whole company.
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finance.yahoo.com
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https://finance.yahoo.com/news/euro-disney-gets-financial-backing-055910390.html
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Uber's massive deal with Softbank was completed in November. The conglomerate's purchase of $10 billion in Uber stock could reduce the power of some of the company's current board members and smooth over some tensions inside its governing body. Uber called the tender offer "a strong vote of confidence" in its long-term potential, adding that the agreement put it on track to go public in 2019.
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www.buzzfeed.com
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https://www.buzzfeed.com/carolineodonovan/an-uber-guide-to-surviving-the-worst-ever-year-in-tech
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The analysts said AGL Energy had only avoided an equity raising to support its demerger by maintaining a cross-shareholding between Accel – which will house AGL's ageing coal-fired power stations – and retail and clean energy arm AGL Australia. Dividends are also being slashed in the run-up to the split to save $400 million-$500 million.
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www.afr.com
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https://www.afr.com/companies/energy/no-let-up-in-agl-demerger-concerns-20210701-p585ts
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But the altered rule would provide a more open invitation to skirt the ban if the merging companies can make the case. If adopted, the new rule could allow the merging Tribune Co. and Times Mirror Co. to keep newspaper and TV properties in New York, Los Angeles, and Hartford, Conn., without the waivers. The cross-ownership proposal was one of three merger-related rule changes put up for public comment by the FCC with the intent of formally adopting them within several months. The others: * Allowing owners of the four major TV networks (ABC, NBC, CBS, and Fox) to also own an emerging network (e.g., WB or UPN) and presumably allowing Viacom Inc. to keep both CBS and UPN. * Determining whether radio station markets should be redefined based on size, the number of stations located within them, and the ownership concentration, i.e., the number of stations owned by a single entity. The changes could stimulate more acquisitions in some markets but require divestitures in others.
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www.themiddlemarket.com
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https://www.themiddlemarket.com/news/m-a-roundup-washington-update-fcc-may-relax-cross-media-barrier
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Despite the focus on its shares, Ladbrokes eased up just 0.3p to 128.3p. PartyGaming, meanwhile, was left 6.3p stronger at 186.4p, with traders saying investors were moving into the stock ahead of the bwin merger completing.
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www.independent.co.uk
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http://www.independent.co.uk/news/business/sharewatch/market-report-ladbrokes-urged-to-join-in-sector-consolidation-2252452.html
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About the Fund The Virtus Global Dividend & Income Fund Inc. is a diversified closed-end fund that seeks to generate total return, consisting of capital appreciation and income. Virtus Investment Advisers is the adviser to the fund and Kayne Anderson Rudnick and Newfleet Asset Management are subadvisers. The fund's investment strategy has a current target allocation of 60 percent equities, incorporating Kayne Anderson Rudnick's global dividend yield strategy, and 40 percent fixed income, using Newfleet's multi-sector core plus strategy. The fund also pursues an options income strategy whereby it purchases and sells out-of-the money puts and calls, creating an options spread.
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www.prnewswire.com
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https://www.prnewswire.com/news-releases/virtus-global-dividend--income-fund-inc-announces-final-results-of-tender-offer-300482200.html
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Restructuring Italian lender UniCredit continues to draw bidders for its Pioneer Global Asset Management unit despite potential market upheaval from Italy's looming constitutional referendum. The latest suitor to emerge is Poste Italiane, the postal service company, which announced on Thursday that it will make a bid with asset manager Anima Holding and state-backed lender Cassa dei depositi e prestiti. Poste Italiane already has its own asset manager, BancoPosta Fondi, and a 10.3% stake in Anima. But it said Thursday it is turning the manager over to Anima in return for a bigger equity stake of up to 24.9%. The BancoPosta and Anima duo will have assets of around €147 billion ($159.9 billion), while Pioneer has close to €249 billion of assets under management. UniCredit confirmed Friday it has received offers for Pioneer but did not provide details.
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www.thestreet.com
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https://www.thestreet.com/markets/mergers-and-acquisitions/poste-italiane-courts-unicredit-s-3-2-billion-pioneer-asset-manager-13890408
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Juniper Networks (NYSE: JNPR), a leader in secure, AI-Native Networks, today reported preliminary financial results for the three months ended September 30, 2024. Proposed Merger with Hewlett Packard Enterprise
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www.wallstreet-online.de
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https://www.wallstreet-online.de/nachricht/18657795-juniper-networks-reports-preliminary-third-quarter-2024-financial-results
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FCA saw the writing on the wall years ago. Marchionne tried to set up a partnership deal with General Motors, but that fell through. Instead, GM sold Opel and Vauxhall to PSA, which streamlined them under thrifty boss Tavares to make them profitable. Opel and Vauxhall build the Ampera, which is the European version of the electric Chevy Volt, and the all-electric Opel Corsa-e debuted this fall at the Frankfurt auto show.
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www.theglobeandmail.com
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https://www.theglobeandmail.com/drive/mobility/article-fiat-chrysler-and-peugeots-merger-is-a-shotgun-wedding-where-both
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Global merger If drug company Pfizer's proposal is rejected, it will have to approach the FIPB again after it gets the merger cleared by the Mumbai High Court. Pfizer acquired Wyeth in a $68-billion deal in 2009.
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www.thehindubusinessline.com
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https://www.thehindubusinessline.com/economy/Pfizer’s-bid-to-merge-subsidiaries-likely-to-face-FIPB-opposition/article20795832.ece
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Noble Corporation plc (CSE: NOBLE, NYSE: NE) and Diamond Offshore Drilling, Inc. (NYSE: DO) have secured the final regulatory clearance from the Australian Competition & Consumer Commission for their pending transaction, paving the way for the merger to close on September 4th, 2024. This approval marks the last hurdle for Noble's acquisition of Diamond Offshore in a strategic deal aimed at bolstering its position in the offshore drilling sector.
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business-news-today.com
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https://business-news-today.com/noble-corporation-secures-final-approval-for-diamond-offshore-acquisition
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The gist of the law suit is not new and Cuomo has already voiced most of the allegations contained in the suit, namely that Bank of America's management intentionally failed to disclose Merrill's losses of $16 billion to BoA shareholders in December 2008 so that a shareholder vote to approve the merger would sail through. The law suit goes on to state that, once the shareholders had approved the deal, the BoA management used this to benefit from $20 billion in taxpayer aid. "The bank's management cannot explain why they did not disclose Merrill's massive losses to shareholders even though the merger with Merrill would have threatened the bank's very existence if there had been no taxpayer bailout," said the law suit. Cuomo once again highlighted the $3.57 billion of bonuses that Merrill paid in December 2008, "distributed in a manner that was completely inconsistent with Merrill's prior practice and in the worst year in Merrill's history".
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www.financeasia.com
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https://www.financeasia.com/article/banks-in-us-still-under-fire/166681
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"The price of groceries affects everyone," Del Papa said. "We want to ensure that customers are offered fair prices at the grocery store -- and robust competition is one of the best ways to guarantee that."
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lasvegassun.com
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https://lasvegassun.com/news/1999/jun/22/albertsons-to-sell-all-lv-stores
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Almost continuous bouts of restructuring are the hallmarks of businesses in decline. PaperlinX is a case in point. In the first few years post-demerger, PaperlinX went on an acquisition binge picking up Spicers Paper to give it a big merchant operation in Australia and some geographic spread in the USA and Asia. It then bought assets in Canada and across Europe.
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www.smh.com.au
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https://www.smh.com.au/business/news-takes-a-page-from-paperlinx-20120717-228kx.html
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There are plenty of examples of mergers gone bad, including the 2015 Albertsons/Safeway merger resulting in the bankruptcy of Haggen that led to the closing of over a hundred stores and the loss of over a thousand jobs across the western part of the U.S. The largely globalized food system has concentrated production in the hands of increasingly fewer companies and driven away local production and diversity of food choices, all while wreaking havoc on local economies from here in the U.S. to South America, Africa and Asia. Instead of consolidating even more power by allowing two of our nation's largest food retailers to merge into one even bigger giant, we should be going the other way. Defeating this proposed merger is a critical step for us to take if we are to ever hope for better and more localized food systems. The good news is that these companies don't just get to merge however they please. There are still some protective regulations left on the state and federal levels.
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www.realchangenews.org
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https://www.realchangenews.org/news/2024/01/03/proposed-megagrocery-merger-threat-both-workers-consumers
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During the year, TCPL announced the reorganisation plan with two key steps, which included composite scheme of arrangement with Tata Coffee and the purchase of non-controlling interest held by Tata Enterprises Overseas AG (TEO) in Tata Consumer Products UK Group Ltd (TCP UK) — its subsidiary in UK.
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forward
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www.financialexpress.com
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https://www.financialexpress.com/industry/tata-consumer-to-see-some-short-term-costs-due-to-restructuring-ceo/2627966
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The term "Adjusted EBITDA" used in this release is a financial measurement not calculated in accordance with GAAP and is defined as net income attributable to MISTRAS Group, Inc. plus: interest expense, provision for income taxes, depreciation and amortization, share-based compensation expense and certain acquisition related costs (including transaction due diligence costs and adjustments to the fair value of contingent consideration), foreign exchange (gain) loss, non-cash impairment charges and, if applicable, certain additional special items which are noted.
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www.globenewswire.com
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https://www.globenewswire.com/news-release/2023/03/08/2623501/12235/en/MISTRAS-Announces-Fourth-Quarter-and-Full-Year-2022-Results.html
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"ACC Ltd's EBITDA/tonne at Rs557 still appears poor compared to other pan-India cement players, which may not warrant the stock to re-rate further. However, its likely merger with Ambuja Cements may help the stock to witness further upmove," Binod Kumar Modi, an analyst at Reliance Securities Ltd, said in a note. Ebitda is short for earnings before interest, tax, depreciation and amortization, an indicator of operating profitability.
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www.livemint.com
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https://www.livemint.com/Money/Rr8L0PmRhmB5GXN6k45oiN/Will-ACCs-surprise-improvement-in-realizations-sustain.html
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We have more newsletters BBC Worldwide is looking to raise finance from private investors to buy out the 50% of UKTV it does not already own - sparked off by a takeover bid for its US joint venture partner Scripps, according to the Daily Telegraph. Read More Related Articles It is understood Discovery's 14.6 billion (£11.08 billion) takeover of American broadcaster Scripps will trigger a change of control clause in the UKTV joint venture agreement, allowing the BBC the right to buy the remaining half of UKTV. But BBC Worldwide said no decision had been made.
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www.insider.co.uk
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https://www.insider.co.uk/news/bbc-eyes-500m-bid-buy-11530994
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Games Workshop (GAW) unveiled some bullish guidance ahead of full-year results expected on 25 July. The miniature maker said that core revenues for the year to 28 May would be at least 14 per cent ahead of the £440mn posted in 2022, while it expects pre-tax profits to rise by not less than 8 per cent.
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www.investorschronicle.co.uk
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https://www.investorschronicle.co.uk/news/2023/06/14/companies-roundup-vodafone-three-merger-and-entain-shares
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The mining group is looking to exit its controlling stake in Kumba Iron Ore, Africa's largest producer of the steelmaking ingredient, after the mining group said it will build its future around copper, platinum and diamonds. "We're looking at either a selldown in our position in Kumba as well as a potential demerger," Rene Medori, the chief financial officer of London-based Anglo, which owns a 69.7% stake in Kumba, said on a conference call Tuesday. Anglo "will not expect to complete the transaction until sometime in 2017," Medori said.
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www.moneyweb.co.za
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http://www.moneyweb.co.za/news/companies-and-deals/the-new-anglo-american/
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In a matter involving the merger of Andrew into CommScope brought in 2007, the DOJ employed Section 8 to prohibit interlocks that would have resulted from the merger. The merger would have brought along Andrew's 30 percent minority interest in Andes Industries – a third-party competitor to CommScope. CommScope and Andes were competitors with respect to drop cable (i.e., coaxial cable used to connect television transmission systems to customers' premises and equipment). To resolve the DOJ's concern the parties agreed that, as part of the merger, CommScope would divest Andrew's minority holding in Andes.
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www.jdsupra.com
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https://www.jdsupra.com/legalnews/proskauer-hedge-fund-trading-guide-5172005
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Dominion Resources ( NYSE: D ) and Questar Corp. (NYSE: STR) said their proposed merger cleared a key condition needed to complete the deal. The Federal Trade Commission granted early termination of the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act in regard to the merger. Questar's shareholders must still approve the deal for it to be finalized. Questar and Dominion will also file for review and approval, if required, from the Utah Public Service Commission and the Wyoming Public Service Commission and provide information regarding the deal to the Idaho Public Utilities Commission. Dominion announced earlier this month that it would acquire Utah-based Questar, a natural gas distribution, pipeline, storage and cost-of-service gas supply company, for $4.4 billion in cash. The deal is expected to close in 2016.
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www.power-eng.com
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https://www.power-eng.com/operations-maintenance/dominion-questar-clear-key-hurdle-in-merger-deal
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First Citizens, a family-run institution founded in North Carolina in 1898, has purchased more than 20 rival banks since 2009, including a merger with CIT Group last year for $2.2 billion. Virtually no bank mergers have been denied over the past 20 years, making it easy to grow through acquisition. This latest deal with Silicon Valley Bank is more like an arranged marriage for First Citizens, however, and completely on their terms.
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prospect.org
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https://prospect.org/economy/2023-03-28-silicon-valley-bank-purchaser-regulatory-scrutiny
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Fortescue Metals Group, the number three producer in Western Australia state, has a significant debt burden that makes it look vulnerable. Billionaire Gina Rinehart's 56-million-tonne Roy Hill project under construction in Western Australia will come online next year and may battle in the current low price environment. Smaller producers such at Atlas Iron are believed to be struggling, while the $10 billion Sino Iron Project may be a candidate for a change in ownership given the protracted legal battles between the now very estranged partners -- China's CITIC and outspoken Australian mining magnate-turned-politician Clive Palmer. Anglo American may also be regretting its decision to build the delayed $14 billion Minas Rio iron ore project in Brazil. The point is that there are many available targets for anybody wanting to get into iron ore, or for existing players to rationalise supply through mergers and acquisitions.
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www.worldenergynews.com
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https://www.worldenergynews.com/news/glencore-rio-proposal-not-the-right-iron-614037
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