Tag #Mergers And Acquisitions

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theglobeandmail.com

🌐 75% Global Worthiness

May 24, 04:10

Billionaire Acquires Hudson's Bay Leases Amidst Brand Sale

Chinese billionaire Weihong Liu purchased up to 28 Hudson's Bay store leases for a new department store concept, while Canadian Tire acquired the Hudson's Bay brand and logos for \$30 million; the deal requires court approval.

Billionaire Acquires Hudson's Bay Leases Amidst Brand Sale

Chinese billionaire Weihong Liu purchased up to 28 Hudson's Bay store leases for a new department store concept, while Canadian Tire acquired the Hudson's Bay brand and logos for \$30 million; the deal requires court approval.

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How does the acquisition of Hudson's Bay leases by Ms. Liu relate to the broader context of the company's bankruptcy and asset liquidation?

Ms. Liu's purchase signifies a potential revival of certain Hudson's Bay locations despite Canadian Tire securing the brand's intellectual property. This strategic move highlights the separate valuation of physical retail spaces and brand recognition in the current market. The acquisition could reshape the Canadian retail landscape.

kathimerini.gr

🌐 75% Global Worthiness

May 23, 10:12

Quest Group Projects Growth, Pursues ACS Acquisition

Quest Group anticipates growth across all sectors in the current fiscal year, with a €55 million investment plan focused on acquisitions (70% of Benroubi), expanding its ACS express delivery network (1,500 new smart lockers by end-2025 and a Thessaloniki hub), and other activities. A decision on acq...

Quest Group Projects Growth, Pursues ACS Acquisition

Quest Group anticipates growth across all sectors in the current fiscal year, with a €55 million investment plan focused on acquisitions (70% of Benroubi), expanding its ACS express delivery network (1,500 new smart lockers by end-2025 and a Thessaloniki hub), and other activities. A decision on acq...

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How will Quest Group finance its investment plan for 2025, and what are the strategic priorities reflected in the allocation of funds?

The projected growth is underpinned by a €55 million investment plan for 2025. Half is allocated to the acquisition of 70% of Benroubi, 35% to ACS's expansion, including 1,500 new lockers by the end of 2025 and a Thessaloniki distribution center, and the remaining 15% to other activities. This expansion directly reflects Quest's strategic focus on growth and diversification.

repubblica.it

🌐 75% Global Worthiness

May 22, 13:12

Banco BPM to challenge Consob's suspension of Unicredit bid

Banco BPM strongly condemned Consob's 30-day suspension of Unicredit's takeover bid, citing the suspension as "abnormal" and plans to legally challenge the decision, which stems from Unicredit's legal action against Italy's Golden Power decree.

Banco BPM to challenge Consob's suspension of Unicredit bid

Banco BPM strongly condemned Consob's 30-day suspension of Unicredit's takeover bid, citing the suspension as "abnormal" and plans to legally challenge the decision, which stems from Unicredit's legal action against Italy's Golden Power decree.

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How did Unicredit's legal challenge to the Golden Power decree influence Consob's decision?

Consob suspended Unicredit's offer due to Unicredit's legal challenges against the Italian government's "Golden Power" decree, which imposed restrictions on the acquisition. Banco BPM argues this justification is insufficient and harms market interests.

theglobeandmail.com

🌐 85% Global Worthiness

May 20, 22:11

Nippon Steel Seeks Full Buyout of U.S. Steel Amidst CFIUS Review

Nippon Steel aims to fully acquire U.S. Steel for \$15 billion, a deal currently under review by CFIUS following President Trump's intervention after President Biden's January block. A final decision is expected by June 5th.

Nippon Steel Seeks Full Buyout of U.S. Steel Amidst CFIUS Review

Nippon Steel aims to fully acquire U.S. Steel for \$15 billion, a deal currently under review by CFIUS following President Trump's intervention after President Biden's January block. A final decision is expected by June 5th.

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What are the immediate implications of Nippon Steel's pursuit of a full buyout of U.S. Steel, considering the ongoing CFIUS review and President Trump's involvement?

Nippon Steel intends to fully acquire U.S. Steel for \$15 billion, a deal previously blocked by President Biden but now under review by the Committee on Foreign Investment in the US (CFIUS) at President Trump's direction. Nippon Steel's vice chairman stated their commitment to a full buyout, emphasizing the need for full ownership to share core technology and strengthen U.S. Steel's operations. A final decision is expected by June 5th.

dailymail.co.uk

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May 19, 16:08

Protus Launches \$4.3 Billion Takeover Bid for Just Eat Takeaway

Dutch investment firm Protus launched a \$4.3 billion takeover bid for Just Eat Takeaway, offering €20.30 per share, a 63 percent premium, following Just Eat's struggles after the Grubhub acquisition and post-pandemic demand slowdown.

Protus Launches \$4.3 Billion Takeover Bid for Just Eat Takeaway

Dutch investment firm Protus launched a \$4.3 billion takeover bid for Just Eat Takeaway, offering €20.30 per share, a 63 percent premium, following Just Eat's struggles after the Grubhub acquisition and post-pandemic demand slowdown.

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What are the immediate implications of Protus's takeover bid for Just Eat Takeaway's shareholders and the broader food delivery market?

Protus, a Dutch investment firm, has launched a \$4.3 billion takeover bid for Just Eat Takeaway, a food delivery company. This follows DoorDash's acquisition of Deliveroo for \$2.9 billion. The offer is €20.30 per share, a 63 percent premium.

faz.net

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May 15, 19:11

Commerzbank Shareholders Reject Unicredit Takeover Bid

At Commerzbank's annual general meeting, CEO Bettina Orlopp addressed shareholder concerns regarding a potential Unicredit takeover, emphasizing the bank's positive outlook and new strategy, while employees protested fearing job losses; a social plan has been agreed to mitigate these.

Commerzbank Shareholders Reject Unicredit Takeover Bid

At Commerzbank's annual general meeting, CEO Bettina Orlopp addressed shareholder concerns regarding a potential Unicredit takeover, emphasizing the bank's positive outlook and new strategy, while employees protested fearing job losses; a social plan has been agreed to mitigate these.

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What are the immediate impacts of Unicredit's potential acquisition bid on Commerzbank's employees and strategy?

Commerzbank's CEO, Bettina Orlopp, addressed 595 shareholders at the annual general meeting, facing potential acquisition by Unicredit. Around 100 employees protested the takeover, fearing job losses, while management and the Verdi union emphasized the bank's positive trajectory and a new strategy aiming for 15% profitability by 2028. A social plan was signed to mitigate job cuts from planned restructuring.

kathimerini.gr

🌐 75% Global Worthiness

May 23, 10:12

Ideal Holdings Q1 2025: Strong Profits Despite Revenue Dip

Ideal Holdings reported an impressive first-quarter 2025 performance, with comparable EBITDA up 52% to 11.1 million euros and comparable pre-tax profits more than doubling to 6.3 million euros, driven by strong performance in Attica department stores and successful restructuring in the IT sector, de...

Ideal Holdings Q1 2025: Strong Profits Despite Revenue Dip

Ideal Holdings reported an impressive first-quarter 2025 performance, with comparable EBITDA up 52% to 11.1 million euros and comparable pre-tax profits more than doubling to 6.3 million euros, driven by strong performance in Attica department stores and successful restructuring in the IT sector, de...

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How did the acquisitions of "Barba Stathis" and the integration of Bluestream contribute to Ideal Holdings' overall financial performance?

The strong financial performance is attributed to successful restructuring within the IT sector, leading to a 17% increase in comparable EBITDA and a 14% rise in pre-tax profits. Growth in Attica department stores, boosted by Athens' increasing popularity as a shopping destination and online sales growth, also contributed significantly. The acquisition of Barba Stathis added 32.1 million euros in revenue.

forbes.com

🌐 85% Global Worthiness

May 22, 19:12

Saks and Authentic Brands Joint Venture Targets Luxury Market Control

Saks Global and Authentic Brands Group launched Authentic Luxury Group, a 50/50 joint venture aiming to control luxury distribution and margins, planning expansion into retail, hospitality, and events, leveraging Saks's brands and data for higher profitability, with expected synergies of $600 millio...

Saks and Authentic Brands Joint Venture Targets Luxury Market Control

Saks Global and Authentic Brands Group launched Authentic Luxury Group, a 50/50 joint venture aiming to control luxury distribution and margins, planning expansion into retail, hospitality, and events, leveraging Saks's brands and data for higher profitability, with expected synergies of $600 millio...

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How does the joint venture plan to achieve higher margins and shift power dynamics within the luxury retail sector?

The partnership seeks to shift power from luxury vendors to retailers by controlling distribution and brand relationships. This involves streamlining vendor relationships, cutting approximately 500-600 brands, and increasing the proportion of controlled brands to around 20% of total sales. This strategy is expected to generate $600 million in synergies and improve margins significantly.

elmundo.es

🌐 75% Global Worthiness

May 21, 19:12

Sabadell CEO Rejects Merger Talks, Calls BBVA Takeover Undervalued

Banco Sabadell CEO César González-Bueno rejected rumors of merger talks with other Spanish banks to counter BBVA's takeover bid, citing the undervaluation of Sabadell shares in the offer and the disruption an additional corporate action would cause. He emphasized Sabadell's superior dividend policy ...

Sabadell CEO Rejects Merger Talks, Calls BBVA Takeover Undervalued

Banco Sabadell CEO César González-Bueno rejected rumors of merger talks with other Spanish banks to counter BBVA's takeover bid, citing the undervaluation of Sabadell shares in the offer and the disruption an additional corporate action would cause. He emphasized Sabadell's superior dividend policy ...

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What is the immediate impact of Banco Sabadell's CEO rejecting merger talks and his assessment of BBVA's takeover bid?

Banco Sabadell's CEO, César González-Bueno, has ruled out any short-to-medium term plans for further corporate actions, specifically dismissing rumors of merger talks with Unicaja and Abanca as a defense against BBVA's hostile takeover bid. He highlighted that such a move amidst an ongoing OPA would be highly disruptive. He also stated that the current BBVA offer undervalues Sabadell shares, offering less in dividends and share price appreciation.

theglobeandmail.com

🌐 85% Global Worthiness

May 20, 04:08

Strathcona's Hostile Takeover Bid Signals Confidence in Canadian Oil Sands Future

Strathcona Resources Ltd. launched a $5.93-billion hostile takeover bid for MEG Energy Corp. on March 23, reflecting confidence in new federal energy policies and the Trans Mountain pipeline expansion following discussions between the CEO and Prime Minister Carney.

Strathcona's Hostile Takeover Bid Signals Confidence in Canadian Oil Sands Future

Strathcona Resources Ltd. launched a $5.93-billion hostile takeover bid for MEG Energy Corp. on March 23, reflecting confidence in new federal energy policies and the Trans Mountain pipeline expansion following discussions between the CEO and Prime Minister Carney.

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What are the immediate implications of Strathcona's hostile takeover bid for MEG Energy, considering the recent political context and energy sector dynamics?

Strathcona Resources Ltd. launched a $5.93-billion hostile takeover bid for MEG Energy Corp., demonstrating confidence in the newly elected federal Liberals' energy policies and the Trans Mountain pipeline expansion. This follows a meeting between Strathcona's CEO and Prime Minister Carney, where they discussed lifting the carbon emissions cap and expediting project approvals. The bid, at a 9.3 percent premium, is expected to spark a bidding war.

kathimerini.gr

🌐 75% Global Worthiness

May 16, 10:12

Attica Bank's Q1 2025 Profitability Turnaround

Attica Bank reported a €100,000 profit in Q1 2025, reversing a €3.6 million loss in Q1 2024, driven by increased net interest income (up 90% to €36.8 million), higher net fees and commission income (up 129% to €7.1 million), and cost-cutting measures including a voluntary redundancy program affectin...

Attica Bank's Q1 2025 Profitability Turnaround

Attica Bank reported a €100,000 profit in Q1 2025, reversing a €3.6 million loss in Q1 2024, driven by increased net interest income (up 90% to €36.8 million), higher net fees and commission income (up 129% to €7.1 million), and cost-cutting measures including a voluntary redundancy program affectin...

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What were the key factors driving Attica Bank's significant turnaround in profitability during the first quarter of 2025?

Attica Bank reported a €100,000 profit in Q1 2025, a significant improvement from a €3.6 million loss in the same period of 2024. Recurring operating profits reached €20.1 million, compared to €8.7 million in Q1 2024. This is attributed to a 90% increase in net interest income, reaching €36.8 million.

zeit.de

🌐 75% Global Worthiness

May 15, 16:11

German TV Broadcasters Report Q1 Losses Amidst Economic Downturn

Germany's largest private TV broadcasters, ProSiebenSat.1 and RTL, reported significant revenue declines in Q1 2025, totaling €14 million and 2% respectively, due to an economic slowdown and decreased advertising revenue; however, both companies maintain their yearly targets and are relying on strea...

German TV Broadcasters Report Q1 Losses Amidst Economic Downturn

Germany's largest private TV broadcasters, ProSiebenSat.1 and RTL, reported significant revenue declines in Q1 2025, totaling €14 million and 2% respectively, due to an economic slowdown and decreased advertising revenue; however, both companies maintain their yearly targets and are relying on strea...

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What are the immediate financial impacts on Germany's largest private TV broadcasters due to the economic downturn and how are they responding?

ProSiebenSat.1 and RTL, Germany's two largest private TV broadcasters, reported revenue declines in the first quarter of 2025, with ProSiebenSat.1 posting a €14 million loss compared to an €8 million profit the previous year and RTL experiencing a 2% revenue drop to €1.29 billion. Both attributed the losses to economic slowdown and decreased advertising revenue. ProSiebenSat.1's streaming platform, Joyn, however, showed growth in user engagement.", A2="The decline in advertising revenue is a direct consequence of the economic downturn impacting consumer spending and corporate ad budgets. Both ProSiebenSat.1 and RTL are relying on their streaming services to offset these losses; ProSiebenSat.1 through Joyn's growth, and RTL targeting profitability in 2026. This highlights a broader trend of traditional media companies adapting to the evolving digital landscape.", A3="ProSiebenSat.1 faces a potential power struggle between major shareholders, MFE and PPF, vying for increased stake, creating uncertainty. RTL's reliance on achieving profitability in streaming by 2026 presents a significant risk if ad revenue fails to recover. The success of these streaming strategies is crucial for the future financial health of both companies in a rapidly changing media environment.", Q1="What are the immediate financial impacts on Germany's largest private TV broadcasters due to the economic downturn and how are they responding?", Q2="How are the streaming platforms performing for both ProSiebenSat.1 and RTL, and what role are they playing in the companies' overall financial strategies?", Q3="What are the long-term implications of the shareholder dispute at ProSiebenSat.1 and RTL's dependence on meeting its 2026 streaming profitability target, considering the current economic climate?", ShortDescription="Germany's largest private TV broadcasters, ProSiebenSat.1 and RTL, reported significant revenue declines in Q1 2025, totaling €14 million and 2% respectively, due to an economic slowdown and decreased advertising revenue; however, both companies maintain their yearly targets and are relying on streaming services for growth. A power struggle for ProSiebenSat.1 is ongoing.", ShortTitle="German TV Broadcasters Report Q1 Losses Amidst Economic Downturn")) 2025"))

Showing 61 to 72 of 350 results