M&A
S32 set to start building M&A warchest, Citi says
S32 management´s efforts to cut costs and ensure its assets were generating cash received an endorsement from analysts at Citi on Friday.
Foxconn delays Sharp takeover
Taiwanese electronics manufacturer Foxconn announced it would delay a deal to purchase Japan´s Sharp after receiving new documentation.
Deutsche Boerse and LSE surge on confirmation of merger talks
The London Stock Exchange has confirmed earlier reports that it is in discussions with Deutsche Boerse about a potential merger of equals of the two businesses.
Time considering acquisition of Yahoo´s core business
Time was considering the possible acquisition of Yahoo´s core business, Bloomberg reported citing people familiar with the matter.
Sainsbury's wins 18 March Home Retail bid extension
Sainsbury’s has been given until 18 March to improve or call off its bid for Argos owner Home Retail Group, after Frankfurt-listed giant Steinhoff International gatecrashed the party.
Honeywell and United Technologies reportedly in tie-up talks
US aerospace outfits Honeywell and United Technologies had recently held talks regarding a possible merger that might lead to the creation of an international giant with combined sales of $94bn, according to people familiar with the situation, CNBC reported.
Home Retail surges ahead of possible bidding war
Shares in Home Retail surged on Monday following media reports over the weekend that Sainsbury’s could seek an extension to the Takeover Panel’s 18 March deadline, after South African retailer Steinhoff made an offer to the Argos owner.
Sysco to buy London-based Brakes Group for $3.1bn
US foodservice distributor Sysco Corp has agreed to buy London-based peer Brakes Group from Bain Capital Private Equity for around $3. 1bn (£2. 2bn).
Vela Technologies investment in combination negotiations
Vela Technologies was starting to see the fruits of its investment in one of its more recent targets on Friday, with Vancouver-based blockchain technology developer BTL Group combining with one of its partners.
IBM to buy Truven Health Analytics for $2.6bn
IBM has agreed to acquire healthcare data group Truven Health Analytics for $2. 6bn (£1. 8bn).
Morrisons is takeover target for private equity consortium, rumours say
Supermarket group Morrisons could be a £6. 4bn takeover target for Tesco or a private equity consortium led by Permira, according to newspaper reports.
ADT rockets on Apollo Global buyout deal
Monitored security provider ADT rocketed in pre-market trade after agreeing to be bought by private equity firm Apollo Global Management for $42 a share in cash, or around $6. 9bn.
Vodafone and Liberty Global agree Dutch joint venture
Vodafone and Liberty Global have agreed to combine their operations in the Netherlands.
Asahi offers to get SABmiller's beers in
Japan's Asahi has offered to pay €2. 55bn to acquire SABMiller's Peroni, Grolsch, and Meantime beer brands from Anheuser-Busch InBev to help the merger swerve competition concerns.
Staples gets EU approval for Office Depot takeover
The European Commission has approved Staples’ proposed $6. 3bn takeover of office supplies distributor Office Depot, subject to the divestment of some of the latter’s businesses in Europe.
AB Foods to make buyout offer to Illovo Sugar
Primark owner Associated British Foods confirmed on Monday that it plans to make an offer to buy the remaining shares of South Africa-based Illovo Sugar it does not already own.
Home Retail shareholder Old Mutual supports Sainsbury's offer
Old Mutual Global Investors, which has a 3. 6% stake in Home Retail Group, has come out in support of Sainsbury’s bid for the FTSE 250 retailer.
ChemChina snaps up Syngenta for record $43bn
State-owned China National Chemical has agreed to take over Swiss agrichemical giant Syngenta for a cash deal totalling more than $43bn, as it plans for a flotation in years to come.
Vodafone confirms talks with Liberty Global over Netherlands JV
Vodafone confirmed on Tuesday that it is in discussions with Liberty Global about the possible creation of a joint venture in the Netherlands that would incorporate both companies’ local operating businesses.
Sainsbury's and Home Retail agree deal
Sainsbury’s and Home Retail have come to an agreement over the terms of a deal that values the FTSE 250 retailer at about £1. 3bn.