Mergers / Acquisitions / Takeovers

Airbus takes control of Bombardier CSeries in rebuff to U.S. threat

Airbus takes control of Bombardier CSeries in rebuff to U.S. threat

Published 17/10/2017

Airbus SE has agreed to buy a majority stake in Bombardier Inc's CSeries jetliner program, giving a powerful boost to the Canadian plane and train maker in its costly trade dispute with Boeing Co. [more…]

Midnight in Toulouse: How CSeries deal shook status quo

Midnight in Toulouse: How CSeries deal shook status quo

Published 17/10/2017

Two years ago, Airbus Chief Executive Tom Enders halted negotiations to buy Canada's CSeries program at midnight after the talks with Bombardier leaked to Reuters. On Tuesday, he performed a U-turn by backing a similar deal after all - again at dead of night. [more…]

Airbus shares rally after company`s Bombardier CSeries deal

Airbus shares rally after company`s Bombardier CSeries deal

Published 17/10/2017

Airbus shares rose on Tuesday after the European planemaker and aerospace group agreed to buy a majority stake in Bombardier's CSeries jetliner program. [more…]

Australia`s ANZ sells pension business to IOOF for $766 million

Australia`s ANZ sells pension business to IOOF for $766 million

Published 17/10/2017

Australia and New Zealand Banking Group Ltd has sold its pension unit to IOOF Holdings for A$975 million ($766 million), joining the rush of Australian banks quitting non-core and scandal-hit divisions to boost capital. [more…]

Colony Capital injects cash, in talks to buy Weinstein Co

Colony Capital injects cash, in talks to buy Weinstein Co

Published 16/10/2017

The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after firing co-founder Harvey Weinstein. [more…]

Facebook buys teen app tbh

Facebook buys teen app tbh

Published 16/10/2017

Facebook Inc (FB.O) has acquired tbh, an app popular among teens, as the world's largest social network looks to attract more users. [more…]

Exclusive: T-Mobile, Sprint plan merger without selling assets

Exclusive: T-Mobile, Sprint plan merger without selling assets

Published 16/10/2017

T-Mobile U.S. Inc (TMUS.O) and Sprint Corp (S.N) plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the matter. [more…]

Allies press Catalan leader to declare full independence, ignore Madrid deadlines

Allies press Catalan leader to declare full independence, ignore Madrid deadlines

Published 13/10/2017

Catalan leader Carles Puigdemont came under pressure from one of his key allies on Friday to declare full independence and ignore a threat of direct rule from the Spanish government. [more…]

BASF to harvest seeds, herbicide businesses from Bayer for $7 billion

BASF to harvest seeds, herbicide businesses from Bayer for $7 billion

Published 13/10/2017

BASF has agreed to buy seed and herbicide businesses from Bayer for 5.9 billion euros ($7 billion) in cash, as Bayer tries to convince competition authorities to approve its planned acquisition of Monsanto. [more…]

BASF CEO says to look at more seed M&A after Bayer deal

BASF CEO says to look at more seed M&A after Bayer deal

Published 13/10/2017

BASF (BASFn.DE) will take a look at further assets coming onto the market after agreeing to buy seeds and herbicide businesses from Bayer (BAYGn.DE) for 5.9 billion euros ($7 billion), its chief executive said. [more…]