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Renault Shares Drop After Withdrawal Of Merger Offer By Fiat Chrysler

The stocks of Renault dropped by 8 per cent after Fiat Chrysler withdrew its earlier proposal of a merger with the French car maker. No decision about the merger was taken on Wednesday by the representative of the French on the board of Renault.   In order to convince its Japanese alliance...

Infineon To Acquire Cypress Semiconductor In A $10 Billion Deal

The chip maker Cypress Semiconductor has been agreed to be bought by Infineon Technologies in a deal in which the chip maker would be valued at $10 billion.   In addition to continuing its dividend through closing, Infineon has decided to pay $23.85 per share in cash ($10 billion enterprise...

$35 Billion Merger Proposal From FCA Being Considered With Interest By Renault

The third biggest automaker was proposed to be created by the merger of Fiat Chrysler and Renault on Modnay based on fairly equal terms that balanced the role and power of each party which would help both the companies to better address the challenges of development costs of new technologies and...

Kellogg Agrees To Sell Its Snacks To Ferrero For $1.3 Billion

With the aim of shifting focus to its business units and products that are fast growing, Kellogg Co. has decided to divest its cookies and fruit snack brands – which would include Keebler and Famous Amos brands – to a Ferrero SpA in a deal worth for $1.3 billion.   The companies said Monday...

Smaller US Rival Wellcare To Be Acquired By Health Insurer Centene For $15.27B

With the aim of boosting its government-backed healthcare business, the United States based health insurer Centene Corp has decided to acquire its smaller rival WellCare Health Plans in a cash-and-stock deal. The acquisition valued the smaller US company WellCare at $15.27 billion.   There...

US Fintech FIS Will Acquire Worldpay In A $35Bn Deal

The significant growth in the payments industry was reflected in the announcement of the largest deal; in the segment were in payment processor Worldpay would now be bought over by US fintech group Fidelity National Information Services Inc (FIS) for about $35 billion.   There has been a...

Canada's Barrick Gold To Make A Hostile Bid For Newmont Mining For $19 Bn

According to a report published in the Globe and Mail newspaper, a hostile bid for Newmont Mining Corp is set to be made by Canada's Barrick Gold Corp. The offer deal is expected to be about $19 billion and would include only stock. If this deal goes through it could be the largest ever till date...

BB&T Will Buy SunTrust In Largest US Bank Deal Ever

The largest merger of banks in the US since the 2007-08 financial crisis took place this week and more such industry consolidation is likely in the near future according to analysts and investors.   The deal is the merger of BB&T Corp and rival SunTrust Banks Inc and would be worth about...

EU Blocks Siemens-Alstom Deal, Germany And France Question Policy

The deal that would have created one of the largest p[layers in the European rail industry was rejected by EU regulators on Wednesday striking a blow to the two companies - Siemens and Alstom. The cancellation of the deal has prompted a call for an overhaul of EU competition policy to better meet...

Car Battery Capacitor Maker Maxwell To Be Bought By Tesla For $218 Million

There is a growing need for more and more car batteries for electric cars across the world as more car makers make significant investments in the car of the future. Industry experts have also pointed out that it would be critical for electric car makers to first ensure a steady supply of batteries...

US Firm Green Growth In Hostile Bid For Canadian Cannabis Firm Aphria

A hostile bid worth for the major Canadian cannabis producer Aphria Inc. would be made by the American cannabis retail company Green Growth Brands. In the past one month, the stocks of the Canadian company had dropped significantly following questions being raised about some of the acquisitions...

LVMH Gets Deeper In Luxury Hotel Segment With $3.2 Billion Acquisition Of Belmond

Luxury goods maker LVMH is boosting its presence in luxury hotel business with the acquisition of Belmond, the owner of hotels such as Venice’s landmark Cipriani, in a deal that is worth $3.2 billion including debt.   The aim of the deal is to increase its presence in upmarket hospitality...
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