Tag #Mergers And Acquisitions

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news.sky.com

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Jun 18, 13:15

Santander explores TSB takeover, signaling UK market repositioning

Santander has contacted Sabadell about a possible takeover of TSB, its UK high-street bank, months after denying plans to sell it, suggesting a strategic shift in its UK market presence.

Santander explores TSB takeover, signaling UK market repositioning

Santander has contacted Sabadell about a possible takeover of TSB, its UK high-street bank, months after denying plans to sell it, suggesting a strategic shift in its UK market presence.

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What are the immediate consequences of Santander's interest in acquiring TSB for the UK banking sector?

Santander, a Spanish banking group, has approached Sabadell about potentially acquiring TSB, its British subsidiary. This follows previous denials by Santander's chair, Ana Botin, suggesting a shift in strategy regarding its UK market presence. No formal offer has been made yet.

theguardian.com

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Jun 14, 22:15

Vodafone Terminates Contracts of Franchisees Amidst £120m Lawsuit

Vodafone terminated the contracts of 12 franchisees involved in a £120m lawsuit alleging unjust enrichment through commission cuts, despite previously reimbursing almost £5m to franchisees and claiming no misconduct; the dispute continues, impacting the newly merged VodafoneThree entity.

Vodafone Terminates Contracts of Franchisees Amidst £120m Lawsuit

Vodafone terminated the contracts of 12 franchisees involved in a £120m lawsuit alleging unjust enrichment through commission cuts, despite previously reimbursing almost £5m to franchisees and claiming no misconduct; the dispute continues, impacting the newly merged VodafoneThree entity.

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What are the immediate consequences of Vodafone terminating the contracts of 12 franchisees involved in a major lawsuit?

Vodafone terminated contracts with 12 franchisees involved in a £120m lawsuit against the company. The franchisees allege Vodafone unjustly enriched itself by slashing commissions, causing financial hardship and even suicidal thoughts among some. Vodafone denies these claims, citing a complex commercial dispute and the franchisees' negative campaigning.

nbcnews.com

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Jun 14, 04:11

Trump Approves Nippon Steel's U.S. Steel Acquisition Under Conditions

President Trump approved Nippon Steel's \$14.9 billion bid for U.S. Steel on Friday, conditional on \$11 billion in investments by 2028 and a 'golden share' for the U.S. government, reversing the Biden administration's block. The deal was met with initial opposition from both the Trump and Biden adm...

Trump Approves Nippon Steel's U.S. Steel Acquisition Under Conditions

President Trump approved Nippon Steel's \$14.9 billion bid for U.S. Steel on Friday, conditional on \$11 billion in investments by 2028 and a 'golden share' for the U.S. government, reversing the Biden administration's block. The deal was met with initial opposition from both the Trump and Biden adm...

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How did the conflicting statements and actions of both the Trump and Biden administrations affect the timeline and terms of this acquisition?

This deal follows a contentious period involving lawsuits and conflicting statements from both the Trump and Biden administrations. The final agreement includes significant investment commitments and government oversight to address national security concerns raised throughout the acquisition process. The deal's approval reflects a shift in the Trump administration's stance, from initial uncertainty to eventual support, conditioned on specific concessions from Nippon Steel.

cincodias.elpais.com

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Jun 14, 04:11

Telefónica Sells Ecuadorian Subsidiary to Millicom for $380 Million

Telefónica sold its Ecuadorian subsidiary, Telefónica Ecuador (Movistar), to Millicom for $380 million, marking Telefónica's fifth Latin American divestment and strengthening Millicom's regional presence. The sale is subject to regulatory approval.

Telefónica Sells Ecuadorian Subsidiary to Millicom for $380 Million

Telefónica sold its Ecuadorian subsidiary, Telefónica Ecuador (Movistar), to Millicom for $380 million, marking Telefónica's fifth Latin American divestment and strengthening Millicom's regional presence. The sale is subject to regulatory approval.

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What is the significance of Telefónica's sale of its Ecuadorian subsidiary to Millicom, and what are the immediate impacts?

Telefónica sold its Ecuadorian subsidiary, Telefónica Ecuador, to Millicom for $380 million. This is Telefónica's fifth sale in Latin America, aligning with its strategy to reduce exposure to the region. The sale is subject to regulatory approvals.

forbes.com

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Jun 12, 01:16

Increased Merger Review Costs Threaten U.S. Economic Growth

New pre-merger notification statutes in Washington and Colorado, along with a revised 2024 federal rule, increase costs for merging companies and potentially harm the U.S. economy by reducing beneficial mergers; other states are considering similar legislation.

Increased Merger Review Costs Threaten U.S. Economic Growth

New pre-merger notification statutes in Washington and Colorado, along with a revised 2024 federal rule, increase costs for merging companies and potentially harm the U.S. economy by reducing beneficial mergers; other states are considering similar legislation.

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What long-term economic impacts could result from a significant decrease in merger and acquisition activity due to increased regulatory burdens?

The stricter merger review standards at both the state and federal levels risk creating a chilling effect on M&A activity. This could lead to less efficient capital allocation, reduced innovation, and a less competitive U.S. economy, especially in a globally competitive market. The Trump administration's response will be crucial in mitigating these potential negative consequences.

welt.de

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Jun 12, 13:11

German Cartel Office Blocks Premium Food Group's Acquisition of Vion Slaughterhouses

Germany's Federal Cartel Office blocked Premium Food Group's planned takeover of three Vion slaughterhouses in southern Germany due to concerns about market dominance and negative impacts on farmers and smaller competitors; the decision is not yet legally binding.

German Cartel Office Blocks Premium Food Group's Acquisition of Vion Slaughterhouses

Germany's Federal Cartel Office blocked Premium Food Group's planned takeover of three Vion slaughterhouses in southern Germany due to concerns about market dominance and negative impacts on farmers and smaller competitors; the decision is not yet legally binding.

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How will Vion's withdrawal from the German market, and the resulting consolidation, impact the competitiveness of the German meat industry?

The blocked acquisition highlights the increasing consolidation within the German meat industry. Premium Food Group's substantial market share, combined with Vion's leading position in southern Germany's beef market, would have led to significantly reduced competition. This underscores the Cartel Office's role in safeguarding market diversity and protecting smaller businesses and producers.

abcnews.go.com

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Jun 14, 07:12

Trump Approves Nippon Steel's $11 Billion U.S. Steel Investment

President Trump approved Nippon Steel's $11 billion investment in U.S. Steel by 2028, granting the U.S. government veto power to protect national security, resolving prior concerns and completing a deal valued at $28 billion.

Trump Approves Nippon Steel's $11 Billion U.S. Steel Investment

President Trump approved Nippon Steel's $11 billion investment in U.S. Steel by 2028, granting the U.S. government veto power to protect national security, resolving prior concerns and completing a deal valued at $28 billion.

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What are the key provisions of the national security agreement, and how do they address prior concerns?

This deal, valued at $28 billion including a new electric arc furnace, aims to safeguard U.S. Steel's operations and jobs while securing investments in American steel production. The agreement includes stipulations regarding board composition, plant operations, and import restrictions, reflecting national security concerns.

elpais.com

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Jun 14, 07:12

BBVA-Sabadell Merger Approved Despite Insufficient Competition Safeguards

The CNMC approved BBVA's takeover of Sabadell despite concerns about reduced competition, implementing insufficient remedies that primarily benefit a small percentage of SMEs; the merger increases market concentration to three major banks controlling approximately 72% of the credit market.

BBVA-Sabadell Merger Approved Despite Insufficient Competition Safeguards

The CNMC approved BBVA's takeover of Sabadell despite concerns about reduced competition, implementing insufficient remedies that primarily benefit a small percentage of SMEs; the merger increases market concentration to three major banks controlling approximately 72% of the credit market.

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What are the immediate consequences of the BBVA-Sabadell merger for Spanish SMEs, and how significant is the impact on the broader economy?

The Spanish National Commission of Markets and Competition (CNMC) approved BBVA's takeover bid for Sabadell, but its proposed remedies to mitigate the reduction in competition are insufficient, particularly for the vast majority of small and medium-sized enterprises (SMEs). The CNMC's report, released over a month after approving the deal, lacks crucial data on affected SMEs, relying on incomplete information from Sabadell.

theguardian.com

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Jun 14, 04:11

Trump Approves $11 Billion Nippon Steel Investment in US Steel with US Government Veto Power

President Trump approved a $11 billion investment in US Steel by Nippon Steel, contingent on a national security agreement giving the US government veto power ("golden share") to protect national interests, following national security reviews by CFIUS and the Department of Justice.

Trump Approves $11 Billion Nippon Steel Investment in US Steel with US Government Veto Power

President Trump approved a $11 billion investment in US Steel by Nippon Steel, contingent on a national security agreement giving the US government veto power ("golden share") to protect national interests, following national security reviews by CFIUS and the Department of Justice.

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What immediate impact does Trump's executive order have on US Steel and national security?

On Friday, Donald Trump signed an executive order allowing Nippon Steel to invest $11 billion in US Steel by 2028, contingent on a national security agreement granting the US government veto power. This agreement, finalized after a Department of Justice review and regulatory approvals, includes a "golden share" for the US government, ensuring national security interests are protected.

english.kyodonews.net

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Jun 13, 07:12

U.S. Retains "Golden Share" in U.S. Steel Despite Nippon Steel Investment

President Trump announced a "golden share" arrangement for U.S. Steel, granting the U.S. government veto power over major decisions, following a review of Nippon Steel's $14.1 billion investment bid, initially blocked by President Biden on national security grounds.

U.S. Retains "Golden Share" in U.S. Steel Despite Nippon Steel Investment

President Trump announced a "golden share" arrangement for U.S. Steel, granting the U.S. government veto power over major decisions, following a review of Nippon Steel's $14.1 billion investment bid, initially blocked by President Biden on national security grounds.

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How did the political climate and national security concerns influence the negotiation and final structure of the deal?

This "golden share" mechanism, intended to ensure American control, emerged after a contentious debate surrounding Nippon Steel's $14.1 billion takeover bid. The deal, initially blocked by President Biden, was later reviewed by President Trump, who ultimately approved a modified version preserving some U.S. influence.

zeit.de

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Jun 12, 13:11

German Cartel Office Blocks Premium Food Group's Acquisition of Vion Slaughterhouses

Germany's Federal Cartel Office blocked Premium Food Group's planned takeover of three Vion slaughterhouses in southern Germany, citing concerns that the merger would create a dominant player, harming competition and reducing options for farmers and consumers.

German Cartel Office Blocks Premium Food Group's Acquisition of Vion Slaughterhouses

Germany's Federal Cartel Office blocked Premium Food Group's planned takeover of three Vion slaughterhouses in southern Germany, citing concerns that the merger would create a dominant player, harming competition and reducing options for farmers and consumers.

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What is the immediate impact of the Bundeskartellamt's decision on the German meat market's competitive landscape?

The German Federal Cartel Office (Bundeskartellamt) blocked Premium Food Group's (formerly Tönnies) acquisition of Vion's slaughterhouses in Buchloe, Crailsheim, and Waldkraiburg. This decision prevents a significant increase in market power for Premium Food Group, which already dominates German pig slaughtering and processing. The rejection safeguards competition and protects farmers and consumers.

theglobeandmail.com

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Jun 12, 16:10

Telus to Reacquire Telus Digital for US\$400 Million Amidst Share Price Plunge

Telus Inc. proposed a US\$400 million-plus deal to buy back its technology outsourcing affiliate, Telus Digital, whose share price plummeted since its 2021 IPO, aiming to improve its financial standing and facilitate future spin-offs of other business units.

Telus to Reacquire Telus Digital for US\$400 Million Amidst Share Price Plunge

Telus Inc. proposed a US\$400 million-plus deal to buy back its technology outsourcing affiliate, Telus Digital, whose share price plummeted since its 2021 IPO, aiming to improve its financial standing and facilitate future spin-offs of other business units.

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What is the immediate financial impact of Telus's proposed acquisition of Telus Digital, and how does it affect its debt reduction goals?

Telus Inc. is offering US\$3.40 per share to regain full control of its affiliate, Telus Digital, whose share price has fallen over 90 percent since its 2021 IPO. This represents a 15 percent premium over the pre-market share price and aims to mitigate losses from the declining subsidiary.

Showing 25 to 36 of 357 results