Mergers & Acquisitions

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Maternity apparel retailer Destination Maternity Corp. (DEST) announced Friday that it does not intend to make an offer for UK-based mother and baby apparel retailer Mothercare Plc (MTC.L) and is withdrawing its proposal for a possible combination. It was on July 2 that Destination Maternity confirmed,...

International Business Machines Corp.'s (IBM) talks to sell its money losing chip-manufacturing business to Globalfoundries Inc. have ended after the two companies failed to agree on terms, Bloomberg reported Friday, citing people familiar with the process. Globalfoundries made an offer that was...

Lassonde Industries Inc. (LAS_A.TO) said Friday that it has completed the acquisition of Apple & Eve, LLC of Port Washington, New York , for a total cash consideration of US$147.9 million. The amount reflects a preliminary adjustment of US$2.1 million to the net working capital on the previously...

Frontier Communications Corp. (FTR) said Friday that the Federal Communications Commission has approved its proposed acquisition of AT&T, Inc.'s (T) local wireline, broadband and video operations in Connecticut. Frontier is currently also seeking approval from the Connecticut Public Utilities Regulatory...

Sinclair Broadcast Group, Inc. (SBGI) said Friday that the Federal Communications Commission and the Department of Justice have approved the company's $985 million purchase of TV stations owned by Allbritton Communications Co. Sinclair said it plans to close the deal on August 1.

Bskyb-072514.jpg British Sky Broadcasting Group Plc, known as BskyB, reported Friday a decline in fiscal 2014 profit mainly on higher charges, despite increased revenues benefited by strong demand. The company also announced higher dividend. Separately, the company said it has agreed to acquire 21st Century Fox's stake in Sky Italia and Sky Deutschland in nearly $9.3 billion deal.

AngloAmerican-072514.jpg Anglo American Plc reported a 48 percent growth in its first-half pre-tax profit, reflecting a gain and the absence of a year-ago hefty one-time loss. Underlying operating profit, meanwhile, declined as revenues were hurt by lower commodity prices, despite increased production. Separately, Anglo American signed a binding agreement to sell out its 50 percent stake in Lafarge Tarmac JV.

British electricity supplier Centrica plc (CNA.L) Friday said its North American unit Direct Energy agreed to sell its Ontario home services business to EnerCare Inc. (ECI.TO), a provider of energy conservation services, for C$550 million. Direct Energy, which provides plumbing, heating, ventilation...

Zillow Inc. (Z) is seeking to buy rival Trulia Inc. (TRLA) in a move to combine the two popular real estate websites, Bloomberg reported Thursday, citing people with knowledge of the matter. Zillow could value Trulia at as much as $2 billion, and may pay about two-thirds of the purchase price with...

SodaStream International Ltd. (SODA) is in talks with an investment firm about taking the company private, Bloomberg reported Thursday, citing people familiar with the matter. The deal would value the company at about $40 per share, or $828 million, Bloomberg quoted one of the people as saying. No...

Breitburn Energy Partners LP (BBEP) and QR Energy, LP (QRE) announced Thursday the signing of a definitive merger agreement, under which Breitburn will acquire QR Energy in a unit-for-unit exchange implying a transaction value of approximately $3.0 billion. The deal value includes QR Energy's existing...

Dassault Systemes SA (DASTY.PK), a French developer of 3D design software, Thursday said second-quarter IFRS net income declined to 66.5million euros from 81.8 million euros. Earnings per share fell 19 percent to 0.52 euro from 0.64 euro. IFRS revenues rose 7 percent to 556.8 million euros from...

SanDisk Corp. (SNDK) said Wednesday it has completed the acquisition of Fusion-io, a of flash-based PCIe hardware and software solutions that enhance application performance in enterprise and hyperscale datacenters. Under the terms of the agreement, SanDisk completed the acquisition for $11.25 per...

Microsemi Corp. (MSCC) said Wednesday that it has bought Mingoa, a Cork, Ireland-based provider of semiconductor IP for hardware accelerated Ethernet OAM and embedded tests. Terms of the deal were not disclosed. Mingoa specializes in developing highly efficient and scalable embedded hardware/software...

Talisman Energy Inc. (TLM.TO, TLM) Wednesday said it has been approached by Spain-based oil company Repsol SA "with regards to various transactions." Shares of the Alberta, Canada-based Talisman is currently up over 11 percent on the New York Stock Exchange and Toronto Stock Exchange. "There is no...