Acquisition

US Steel Shareholders Approve Sale of the Iconic American Firm to Japan's Nippon Steel Despite Joe Biden's Opposition

US Steel Shareholders Approve Sale of the Iconic American Firm to Japan's Nippon Steel Despite Joe Biden's Opposition

US Steel shareholders have overwhelmingly approved the firm's sale to Japan's Nippon Steel for a cash payment of $14.1 billion.

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Macy’s Buyout: New Takeover Bid by Arkhouse, Brigade Reaches $6.6 Billion After Initial Rejection

At $6.6 billion, Arkhouse Management and Brigade Capital Management are bidding more to buy Macy's.

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Vodafone and Three Merger: UK Gives Both Telcos 5 Working Days to Address Competition Concerns to Avoid in-Depth Probe

Vodafone-Three Mobile Network Merger Prompts UK Antitrust Investigation

The UK's competition regulatory said it will investigate Vodafone's proposed merger with Three.

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Fox Strikes $14.6 Billion Deal With Sky

After a failed attempt to buy Sky in 2010, Fox moved again to acquire 61% of the company through a $14.6 billion deal. The deal, however, faced opposition over concerns of potential over-concentration of power since Rupert Murdoch also owns stakes in other firms in the U.K.

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Verizon Demands Better Deal Terms After Yahoo’s Widescale Breach

Yahoo is under renewed scrutiny after its second disclosure of breach within this year. The major hacking incidents the company has been involved in puts a risk on its deal with Verizon. Although Verizon has not confirmed any plans of ditching the purchase, reports indicated that the company is demanding for better deal terms for the acquisition.

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McCormick Withdrew From Premier Foods Acquisition, Bid Too Pricey

McCormick will no longer acquire Premier Foods as it cannot provide the offer acceptable to the latter. Due to failure of the said talks, Premier was left to "fend for itself" for the company's success while seeking alliance with Japan's Nissin Food Corporation.

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China’s Anbang Acquired Allianz’s South Korea Operations After Dropping Its Bid for Starwood Hotels

Anbang Insurance is acquiring Allianz’s operations in South Korea after dropping its offer to buy Starwood hotels. The deal is waiting for approval from South Korea’s financial regulator.

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Qatar-owned Italian Fashion House Valentino Offers 500 Million Euros to Acquire France’s Balmain

Valentino has made an offer to acquire French fashion house Balmain for 500 million euros. Balmain’s heirs has decided to find a new owner after the fashion house’s former chairman and majority owner, Alain Hivelin, passed away in 2014.

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Alaska Airlines Nears Virgin America Acquisition with $2 Billion Deal

Alaska Airlines is poised to acquire Virgin America for $2 billion deal surpassing JetBlue with a $56 to $58 per share condition. An announcement will be made should the agreement pursue as the talks are not yet final.

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Nissin Made a Takeover Approach to Premier Foods, Buying 17 Percent Stake in The Company

Nissin has made its takeover approach to Premier Foods by buying 17.3 percent stake in the company. The deal made Nissin Premier Foods’ largest stakeholder, but the company must agree to not make a takeover bid to Premier Foods in at least six months.

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Paint Company Sherwin-Williams to Acquire Valspar for $9.3 Billion

Sherwin-Williams, Cleveland-based company is set to acquire another paint company Minneapolis-based Valspar at $9.3 billion. The merger of the paint companies will place Sherwin-Williams to the top and its presence will be broaden and reinfornced outside North America and Canada with the help of Valspar.

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General Motors Acquired Silicon Valley-based Cruise Automation, Aims to Integrate Autonomous Cars Software to Manufacturing

General Motors is moving forward to compete in the autonomous car markets. The giant automaker has acquired a driverless cars software maker, Cruise Automation, for reportedly more than $1 billion.

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Facebook Acquired Popular Face-Swapping App MSQRD by Masquerade

Facebook has just acquired a popular face-swapping app MSQRD by the company Masquerade. The acquisition comes after Facebook’s attempt to take over Snapchat, the instant messaging app with the similar feat. The details on the acquisition were not disclosed.

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Salesforce CEO Marc Benioff sees major shift in business software

Salesforce's Chief Executive Officer (CEO) Marc Benioff is witnessing a major shift in global business software segment. He said the enterprise software space is moving towards more smarter and more predictive software.

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Chicago bourse joins race for London Stock Exchange

Chicago Mercantile Exchange is the latest bourse that has shown interest in acquiring London Stock Exchange (LSE). Intercontinental Exchange (ICE) has already announced its intention to bid for London Stock Exchange. The merger talks on £20-billion merger plan between Deutsche Boerse and London Stock Exchange are in progress.

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