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Mergers & Acquisitions

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Charter-BrightHouse-033115.jpg Cable television operator Charter Communications, Inc. agreed Tuesday to acquire smaller peer Bright House Networks LLC in a cash-and-stock deal valued at $10.4 billion that will help expand user base, primarily in Florida. The combined entity will do business through a partnership called New Charter.

Charter Communications, Inc. (CHTR) and its subsidiary, CCH I, LLC, (together, the New Charter), and Advance/Newhouse Partnership (the parent company of Bright House Networks, LLC) announced a definitive agreement, whereby Charter will acquire Bright House Networks for $10.4 billion. The business...

Endurance Specialty Holdings Ltd. (ENH) agreed Tuesday to acquire Montpelier Re Holdings Ltd. (MRH) for $40.24 per share in a cash and stock deal valued at $1.83 billion. The consideration includes 0.472 shares of Endurance and $9.89 in cash for each Montpelier common share. The deal increases Endurance's...

Johnson Controls, Inc. (JCI) said it has reached a definitive agreement for the sale of its Global WorkPlace Solutions or GWS business to commercial real estate services firm, CBRE Group, Inc., for $1.475 billion. The company announced its intentions to divest the GWS business in September 2014 as...

Harman International Industries, Inc. (HAR) Tuesday announced it has signed an agreement to acquire Bang & Olufsen Automotive car audio business. Bang & Olufsen sound systems are available in a wide range of Audi, Aston Martin, BMW and Mercedes-Benz car models. The agreement terms include a purchase...

Richemont (CFRUY.PK) announced it has entered into a conditional agreement to merge the operations of its subsidiary, The Net-A-Porter Group, with YOOX S.p.A. in an all-share transaction. Richemont will receive 50% of the share capital of the combined entity's listed parent company. Richemont has committed...

Teck-DenyMerger-Antofagasta-033115.jpg Miners Antofagasta Plc. (ANFGY.PK, ANTO.L) and Teck Resources Ltd. (TCK_A.TO, TCK) have denied media speculation that the two were in merger talks to create a copper producer giant.

Scientific instruments maker Agilent Technologies Inc (A) on Monday said it has agreed to sell its X-ray diffraction business to Rigaku, a privately held scientific instrumentation company based in Tokyo. The financial terms of the deal were not disclosed. The deal is expected to to be final May 1,...

Canadian financial technology company DH Corp (DH.TO) on Monday said it has agreed to buy New York City-based Fundtech, a provider of payments solutions to banks, for US$1.25 billion in cash. DH expects to close the deal in the second quarter of fiscal 2015, subject to customary conditions. DH...

Responding to market rumors, Canadian miner Teck Resources Ltd. (TCK_A.TO, TCK) said late Monday that it is not in discussions with Chilean copper miner Antofagasta plc in relation to any form of transaction, and that there are no other corporate developments that justify any significant movement in...

Vail Resorts Inc (MTN) on Monday agreed to buy its first international mountain resort, Perisher Ski Resort in New South Wales, Australia, for AU$176.6 million (about US$136 million), subject to certain adjustments. Vail said it is purchasing 100 percent of the stock in the entities that operate Perisher...

Clean energy company NextEra Energy Inc (NEE) on Monday said the Federal Energy Regulatory Commission has given its approval to its proposed merger with Hawaiian Electric Industries Inc (HE). The deals remains subject to approval by the Hawaii Public Utilities Commission, Hawaiian Electric shareholders,...

Russia-based Eurasia Drilling Co Ltd (EDCL.L) on Monday said it has extended the deadline of a deal to sell a stake to Schlumberger Ltd (SLB) to April 30 from the end of March. In January, Schlumberger agreed to buy a 45.65% minority stake in EDC for $22 per share. The total cost of acquiring the...

Drugmaker Perrigo Co. plc (PRGO) announced that it has completed the acquisition of Belgian OTC healthcare company Omega Pharma Invest N.V. in a cash and stock deal valued at about 3.8 billion euros, including assumed debt of 1.3 billion euros from Marc Coucke, Waterland Private Equity Fund V CV and...

AstraZeneca (AZN) announced the US FDA has approved a new administration option for acute coronary syndrome patients who are unable to swallow BRILINTA 90 mg tablets whole. The company said, unlike other P2Y12 inhibitors, BRILINTA has FDA approval to be crushed and administered in water by swallowing...

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