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Mergers & Acquisitions

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United Internet AG (UDIRF.PK) announced that via its subsidiary United Internet Ventures AG, it has contractually secured the acquisition of share package of approx. 15.31 percent of shares in Tele Columbus AG, Berlin, Germany. The closing of the acquisition is subject to approval by the German anti-trust...

Mylan-Meda-021016.jpg Mylan N.V. (MYL) announced a recommended public offer to the shareholders of Meda Aktiebolag to tender all their shares in Meda to Mylan. The total offer consideration consists of a combination of cash and Mylan ordinary shares with a value of 165 Swedish kronor per Meda share. The total value of the...

Humana Inc. (HUM) Wednesday announced a decline in fourth quarter pre-tax income to $246 million from $287 million in the previous year. Earnings per share declined to $0.67 from $0.94 last year. On an adjusted basis, earnings were $1.45 per share. On average, 19 analysts polled by Thomson Reuters...

German apartment owner Vonovia SE (DAIMF) said it has likely not reached the minimum acceptance level of its voluntary public takeover offer to shareholders of real estate company Deutsche Wohnen AG (DWHHF.PK). This is assuming that there are no material changes during the subsequent rebooking period...

Staples, Inc. (SPLS) announced it has received approval from the European Union to acquire Office Depot on the condition that Staples divest Office Depot's European contract business and all of Office Depot's operations in Sweden. The companies have decided that they will also divest Office Depot's retail,...

In view of the planned merger with Anheuser-Busch, SABMiller is reportedly planning for the sale of its Peroni and Grolsch beer brands to Asahi Group Holdings Ltd for $3.5 billion deal. The merger plan of Anheuser Busch and SABMiller was first revealed in November 2015 and the $108 billion deal...

Real Good Food Plc. (RGD.L), a diversified food business, Wednesday announced that its unit Haydens Bakery Ltd acquired Chantilly Patisserie for a total consideration of 1.75 million pounds. Chantilly Patisserie will be run as a trading division of Haydens. The cash consideration will be satisfied...

SL Industries, Inc. (SLI) said that it has received a revised non-binding proposal from Handy & Harman Ltd. (HNH), a publicly traded Nasdaq company, to acquire all its outstanding shares of common stock. Under the terms of the revised proposal, Handy & Harman has proposed to pay $35.50 per share...

Fortis-ITC-020916.jpg Transmission utility ITC Holdings Corp. announced Tuesday that it has entered into an agreement and plan of merger to be acquired by Canadian electric and gas utility company Fortis Inc. in a deal valued at approximately $11.3 billion. ITC shareholders will receive $22.57 in cash and 0.7520 Fortis shares per ITC share.

ITC Holdings Corp. (ITC), an electricity transmission company, announced Tuesday that it has entered into an agreement and plan of merger to be acquired by Canadian electric and gas utility company Fortis Inc. (FTS.TO) in a transaction valued at approximately $11.3 billion. Under the terms of the...

Millicom International Cellular (MICC, MIICF.PK) announced an agreement for the sale of its Tigo business in the Democratic Republic of Congo to Orange S.A. The company will sell 100% of the share capital in Oasis SA for $160 million. Mauricio Ramos, CEO of Millicom said: "The sale of Tigo DRC is...

ArcelorMittal-020516.jpg Shares of ArcelorMittal were losing around 7 percent in the morning trading in Amsterdam after the steel and mining company reported Friday a hefty loss of $6.7 billion in its fourth quarter, wider than the prior year, reflecting impairment charges and weak sales due to lower prices. Looking ahead, the company projects lower EBITDA, a key earnings metric, for fiscal 2016.

Mattel-Hasbro-020516.jpg It's no child play. The two mammoths of the toy industry are contemplating a merger that could monopolize the industry, if a report that appeared on Bloomberg is to be believed.

Grainger plc (GRI.L), a residential property owner and manager, announced Friday that it has exchanged contracts with Heitman, a real estate investment manager, to sell its equity interest in the FRM German residential rented portfolio and in its German business platform for gross consideration of 124...

Premier Farnell Plc. (PFL.L), a distributor of technology products and solutions, announced Friday that it has entered into a conditional agreement with respect to the sale of Akron Brass Holding Corp. to IDEX Corp. for cash consideration of $224.2 million or 153.8 million pounds. Total consideration...

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