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Gannett’s Takeover Offer Rejected by Tribune as it gets $70.5 Million Investment

With an investment that made Los Angeles billionaire Patrick Soon-Shiong the second largest shareholder of Tribune Publishing Co, the owner of the Los Angeles Times and the Chicago Tribune, the billionaire reportedly has invested $70.5 million in the company, said the publishing house recently....

Scandal-hit Mitsubishi Motors Granted Lifeline as Nissan set to Buy $2.2 Billion Controlling Stake

Taking de facto control with a $2.2 billion bet that bails out its smaller, scandal-hit rival, Nissan Motor Co has agreed to buy a 34 percent stake in Mitsubishi Motors Corp.   The deal is a lifeline for Mitsubishi Motors as it has had $3 billion wiped off its market value after confessing...

Sherwin-Williams Co acquires Valspar Corp for $9.3 billion

Subject to regulatory approval, if the merger goes through, the combined company hopes to save $280 million in costs within two years. Sherwin-Williams Co is all set to acquire its U.S. rival, Valspar Corp in an all-cash deal valued at around $9.3 billion. This includes debt and equity.  ...

Foxconn reduced Sharp’s acquisition by $900 million

A last minute discovery of new liabilities at Sharp have created ruptures in the Taiwanese company’s efforts to acquire a controlling stake in Japan’s turbulent display manufacturing company – Sharp Corp. Japan’s Jiji News has reported that Foxconn is likely to substantially reduce capital...

The largest U.S. oil refinery closes shop

Royal Dutch Shell’s marriage with Saudi Arabia’s Aramco has come to an end after almost 20 years. In what is likely to be a significant development for the oil industry, Royal Dutch Shell and Saudi Aramco have announced plans of breaking up Motiva Enterprises LLC. This signals the end of a...

NY Plaza hotel to go on auction on April 26

Bloomberg has reported the auction citing a source. As per a news report from Bloomberg, New York's Plaza Hotel will go under the hammer in the coming month.   Simon and David Reuben who holds New York Plaza Hotel’s mortgage has scheduled a foreclosure for April 26, reads the Bloomberg...

Vivint Solar terminates its acquisition of SunEdison

The deal was given the thumbs down from many hedge funds and investors citing SunEdison’s weak financials. Vivint will now be pursuing all available legal remedies against SunEdison which is set to lose more than $34 million breakup fee. With SunEdison failing to consummate the deal, Vivint Solar...

Entropy warns institutional investors of Nestle undervaluing Osem

Entropy, an Israeli consultancy firm has warned institutional investors that Nestle in its bid to buyout minority shareholders in Osem, Israel’s 3rd largest food manufacturer, has significantly undervalued the company. An Israeli consultancy firm has advised institutional investors in Israel to...

American Express to be acquired by Wells Fargo?

As per Fox Business News, the credit card company is likely to be acquired by Wells Fargo or another financial firm. With the news of Wells Fargo & Co potentially acquiring American Express Co leaking out, its shares rose by a little more than 1%.   Fox Business News has reported that...

China Resources Beer bags a bargain deal

With China Resources beer buying SAB Miller’s stake in China snow at $1.6 billion against analyst’s expectation of $3-$3.5 billion, with the result China Resources Snow Breweries is set to become the largest beer brewer in China with a market share of at least 23.3%. In the series of divestment...

Will DreamWorks bite Paramount Picture’s bait?

With Philippe Dauman, Paramount Pictures’ CEO’s disclosure that it would be willing to sell a minority stake, DreamWorks has shown interest in buying it. As per Jeffrey Katzenberg, the CEO of DreamWorks Animation SKG Inc., the famed Hollywood studio would be willing to a purchase by Paramount...

Dell clears the last hurdle in the acquisition of EMC Corp for $67 billion

The European Commission has cleared the merger of EMC with Dell. This strategic acquisition will enable Dell to compete better with rivals such as Cisco, IBM and Hewlett-Packard in areas such as cyber security, mobility and cloud storage. Dell’s historic acquisition, the largest ever in the tech...
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