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Millicom International Cellular S.A. (MICC, MIICF.PK) reported that its first-quarter net profit was $24 million, down 37.8 percent from $38 million a year ago. Earnings per share were $0.24, compared to $0.38 per share last year. However, adjusted net profit was $24 million or $0.24 per share, compared...

Blitz F16-83 GmbH, which in the future will be operating under the name of Summit Hero Holding GmbH, Wednesday said it has decided to launch a voluntary public tender offer to the shareholders of Epigenomics AG. Blitz F16-83, a unit of Cathay Fortune International Company Limited or CFIC, would acquire...

German chemical company BASF SE (BFA.L, BASFY.PK) Tuesday said it agreed to acquire U.S. based ZedX in next four week. The financial aspects of the deal are not revealed. ZexX is an expert in agronomic weather, crop and pest models designed to support farmers in making better production. The acquisition...

Nord Anglia Education, Inc. (NORD), a premium schools organization, announced Tuesday that it has entered into a definitive agreement to be bought by a consortium led by Canada Pension Plan Investment Board and Baring Private Equity Asia. The transaction is valued at approximately $4.3 billion, including...

Straight Path Communications Inc. (STRP) said that its board of directors has determined that an unsolicited offer from a multi-national telecommunications company to acquire 100 percent of the issued and outstanding shares of Straight Path for $104.64 per share constitutes a "Superior Proposal" as defined...

Shares of LVMH Moet Hennessy Louis Vuitton SE (LVMUY) and Christian Dior SA (CHDRY) were gaining around 3 percent and 12 percent, respectively, in Paris after the announcement of LVMH's planned buy out of the luxury brand. In a statement, the companies noted that the Arnault Family Group, which controls...

The U.K. Competition and Markets Authority or CMA Tuesday said it accepted undertakings in lieu of reference to phase 2 in case of the merger between Menzies Aviation and ASIG Holdings Ltd & ASIG Holdings Corp. The undertakings signed by Menzies will come into effect from this date. Earlier in February,...

Akorn-042417.jpg Fresenius Kabi announced it has agreed to acquire Akorn (AKRX), a U.S.-based manufacturer and marketer of prescription and over-the-counter pharmaceutical products, for approximately $4.3 billion, or $34.00 a share, plus the assumption of approximately $450 million of debt. Akorn's largest shareholder,...

PPG Industries Inc. (PPG) Monday said it has submitted a revised proposal for a combination with Dutch paints and chemicals maker AkzoNobel N.V. (AKZA.AS; AKZOY) that includes increased price of 96.75 euros per AkzoNobel ordinary share, cum dividend, an increase of 6.75 euros per share. In the comprehensive...

Actelion Ltd (ALIOF.PK) Monday announced that Janssen Holding GmbH, a Swiss subsidiary of Johnson & Johnson, has acquired 92.51 percent of its shares for $280 per share in cash in a public tender offer. The offer for 99,303,760 Actelion shares expired on April 21. The settlement of the offer will be...

Shares of Jimmy Choo Plc (CHOO) were gaining around 6 percent in the early morning trading in London after the luxury shoe company said its Board has decided to conduct a review of the various strategic options, including a sale. The company said it is seeking offers. Jimmy Choo said it has discussed...

Pfeiffer Vacuum Technology AG (PFFVF.PK, PVTCY.PK), a German supplier of vacuum solutions, Monday said that the second offer by Pangea GmbH, a unit of Busch SE, for the intended takeover of a controlling stake, is again not in the interest of the company and its shareholders. The Management Board and...

KKR & Co. (KKR) is in advanced talks to buy a stake in medical-diagnostics company SRL Ltd. in a deal value of about 50 billion rupees or $774 million, the Bloomberg reported, citing people with knowledge of the matter. Last month, Private equity firms including TPG and Bain Capital were also in talks...

KCG Holdings Inc. (KCG) reported a 91 percent fall in profit for the first quarter from last year, hurt by a double-digit decline in revenues. Net income for the first quarter was $3.21 million or $0.05 per share, down sharply from $37.17 million or $0.41 per share in the year-ago period. Consolidated...

RAIT Financial Trust (RAS), an internally-managed real estate investment trust, announced Thursday that its Board of Trustees carefully reviewed Highland Capital Management, L.P.'s unsolicited and non-binding proposal and unanimously determined that pursuing it is not in the best interests of RAIT's...

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