Mergers & Acquisitions

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Bharti Airtel Ltd. said Airtel Networks Kenya Ltd. (Airtel Kenya) , a wholly owned subsidiary of Bharti Airtel International Netherlands BV, had signed a definitive agreement with Essar Telecommunications Kenya Ltd., which operates under the brand name 'yuMobile', to acquire its over 2.7 million subscribers,...

British lender Barclays plc (BCS, BARC.L) said Sunday that it has agreed to sell its Spanish retail and corporate banking operations to CaixaBank S.A. for 800 million euros, or about 630 million pounds. The sale is part of the company's efforts to divest its non-core, less-profitable businesses. Under...

South Korean conglomerate Samsung Group's shipbuilding and engineering units will merge to strengthen the conglomerate's offshore business, the two units said Monday. Samsung Heavy Industries Co. Ltd. will merge with Samsung Engineering Co. Ltd. Samsung is currently on a restructuring drive, and the...

Canadian coffee and dough-nut chain Tim Hortons, Inc.(THI, THI.TO) will have to pay C$345 million as termination fee to Burger King Worldwide, Inc. (BKW), if the former backs out from the $11 billion merger deal, stated a Burger King regulatory filing. Meanwhile, as per the filing, Burger King has...

Fairfax Financial Holdings Ltd (FFH.TO, FFH_U.TO) Friday agreed to acquire all of the outstanding common shares of Canadian pet insurance provider Pethealth Inc (PTZ.TO) for $2.79 per share in cash. Also Fairfax will buy all of the outstanding preferred shares of Pethealth for a purchase price of...

Diversified utility company Vectren Corp (VVC) Friday closed the sale of its coal mining subsidiary, Vectren Fuels Inc, to Sunrise Coal LLC, an Indiana-based unit of Hallador Energy Coy (HNRG). The deal was announced in July. Prior to the sale, Vectren Fuels owned three underground coal mines in...

Briggs & Stratton Corp. (BGG) announced that it has acquired U.S. based Allmand Bros., Inc. for a total consideration of about $62 million in cash for all outstanding shares of Allmand, net of acquired cash. It is noted that Briggs & Stratton financed the transaction from cash on hand. Founded...

Fiber optic connector maker Amphenol Corp (APH), Friday agreed to buy Casco Automotive Group for about $450 million, subject to customary closing adjustments. Casco is a unit of Cap-Con Automotive Technologies Ltd, owned by a private investment fund managed by Jordan Co II L.P. and Cap-Con management....

Reynolds American Inc (RAI) and Lorillard Inc (LO) said Friday the Federal Trade Commission has requested for additional information related to Reynold's pending acquisition of Lorillard and divestiture of some brands to Imperial Tobacco Group plc (IMT.L). The additional information was part of a...

Arthur J. Gallagher & Co. (AJG) announced the completion of the acquisition of the assets of Baker Tilly's Employee Benefits Solutions business. Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in...

Mattress Firm Holding Corp. (MFRM), a specialty retailer of mattresses and accessories in the United States, Friday said it will buy all of the mattress specialty retail assets and operations of Back to Bed Inc., M World Mattress LLC, MCStores LLC and TBE Orlando LLC, which collectively operate Back...

Italian automaker Fiat SpA (FIATY.PK) said Friday that it will not exceed the 500 million euro limit it has set to buy shares from its own shareholders who preferred to sell their shares ahead of the company's merger with U.S. affiliate Chrysler Group LLC. Fiat determined that the number of shares...

Reynolds American Inc. (RAI) and Lorillard, Inc. (LO) announced that each company has received a request for additional information from the Federal Trade Commission in connection with Reynolds American's pending acquisition of Lorillard and divestiture of select brands to Imperial Tobacco Group. The...

SBM Offshore N.V. (SBFFY.PK), a dutch provider of floating production solutions to the offshore energy industry, Friday announced that is has completed the sale and lease back of its Monaco real estate portfolio. The company noted that the last of the three buildings was sold for approximately $62...

Aoxin Tianli Group, Inc. (ABAC), a China-based diversified company with businesses in hog farming and electro-hydraulic servo-valves manufacturing and marketing, announced Thursday that it has acquired a 95 percent equity interest in Wuhan Optical Valley Orange Technology Co., Ltd. or OV Orange. Hubei...