Deals

Mergers

Fear factor fades as global M&A hits seven-year high

Chief executives got their deal-making confidence back in 2014, emboldened by a clearer outlook for their businesses to take the global value for mergers and acquisitions (M&A) to their highest annual level since 2007.

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Iusacell

Mexico competition watchdog signs off on AT&T's Iusacell buy

Mexico's competition regulator on Sunday approved AT&T Inc's $1.7 billion purchase of local cellphone company Iusacell, with unspecified conditions, a statement said.

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Flipkart

Flipkart raises $700 million in fresh funding

Flipkart, India's largest online retailer, on Saturday said it had raised funding worth $700 million, as it tries to compete with Amazon, which is rapidly scaling up operations in the country.

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Ferrovial

Spain's Ferrovial to raise offer for Australia's Transfield

Spanish infrastructure group Ferrovial plans to raise its full takeover offer for Australia's Transfield Services Ltd, daily financial newspaper Expansion reported on Saturday, citing unnamed sources.

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CPPIB Shows Interest in Urenco Bid

Urenco owners test market for possible sale

The owners of Urenco are testing the market to gauge investor interest in the uranium enrichment company, said Uwe Beckmeyer, parliamentary state secretary in the German economy and energy ministry.

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AstraZeneca

AstraZeneca CEO says new Pfizer bid unlikely

U.S. Pfizer is unlikely to come back with a fresh bid for AstraZeneca, the Anglo-Swedish pharmaceuticals group's top executive was quoted as saying by Swedish business daily Dagens Industri on Saturday.

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Alstom

Alstom shareholders back 12.35 billion euro sale of power arm to GE

Alstom (ALSO.PA) shareholders on Friday backed with 99.2 percent of votes the French engineering group's plan to sell most of its power equipment business to General Electric (GE.N) and refocus on its smaller rail arm.

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Mergers

Delaware court says C&J tie up with Nabors unit can proceed

A merger between oilfield services provider C&J Energy Services Inc (CJES.N) with a unit of Nabors Industries Ltd. (NBR.N) can proceed, Delaware's supreme court ruled on Friday.

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IPO

Wristband maker Fitbit in talks with banks for IPO

Fitness tracking wristband maker Fitbit Inc is in talks with banks for its initial public offering in the United States, Bloomberg reported, citing people familiar with the matter.

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Goldman Sachs

Cirque du Soleil hires Goldman Sachs to look for partner

Canadian performance company Cirque du Soleil has hired investment bank Goldman Sachs Group Inc (GS.N) to help in its previously disclosed effort to find a strategic partner, a spokeswoman for the company said on Friday.

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Detroit Bankruptcy

Creditor to oppose San Bernardino bankruptcy plan favoring Calpers - source

A major capital markets creditor of bankrupt San Bernardino, California, will oppose any exit plan that is more favorable to Calpers, California's public pension fund, a source familiar with the creditor's strategy said on Thursday.

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Royal Dutch Shell

Shell sells parts of Norwegian downstream business to Finland's ST1

Oil major Shell (RDSa.L) said on Thursday it had sold parts of its Norwegian downstream business to Finnish fuel firm ST1 for an undisclosed sum, further divesting parts of its downstream activities.

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Xerox

Xerox to sell IT outsourcing arm to France's Atos for $1.05 billion

Xerox Corp (XRX.N) said it agreed to sell its information technology outsourcing arm to French IT services firm Atos SE (ATOS.PA) for $1.05 billion, sending its shares up almost 4 percent in late trade on Thursday.

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Nokia

Alcatel-Lucent shares jump 8 percent on Nokia merger report

Two of Europe's top three remaining telecommunications equipment companies, Nokia Networks (NOK1V.HE) and Alcatel-Lucent (ALUA.PA), have revived talks on a possible merger, Germany's Manager Magazin reported on Thursday, citing company sources.

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Couche-Tard

Couche-Tard aims for top convenience store spot with Pantry buy

Canada's Alimentation Couche-Tard Inc (ATDb.TO) will buy smaller U.S. rival Pantry Inc (PTRY.O) for about $861 million, a deal that positions it as one of the top convenience store operators in North America.

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