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Wednesday, June 26, 2019

Tag: merger

T-Mobile deal gets opposition from more states; Sprint shares drops

Massachusetts, Hawaii, Minnesota and Nevada are joining the complaint against the merger of T-Mobile and Sprint.

Macron to discuss Renault-Nissan with Abe next week

French ministers have consistently highlighted the importance of ensuring that the Renault-Nissan alliance remains strong.

Investor Ackman opposes United Technologies’ aerospace merger with Raytheon

Ackman has concerns that the merger with Raytheon will lower the business quality of pro-forma United Technologies’ aerospace business.

France presses for concessions from Fiat in Renault proposal

The French government wants additional guarantees from Fiat Chrysler Automobiles NV in its proposal to merge with Renault SA as it seeks to avoid job cuts in France and protect national interests.

T-Mobile-Sprint merger is approved by Hawaii utility commission

The merger between T-Mobile and Sprint seems to be one step closer to being finalised.

T-Mobile, Sprint weigh airwaves sale, enticing big cable

T-Mobile and Sprint are scrambling to meet conditions sought by top Justice officials weighing whether to approve their merger.

Fiat Chrysler presents plan for merger with Renault

Fiat Chrysler has delivered a non-binding letter to Renault proposing a '50/50 merger', with a group that will be listed in Paris, New York and Milan.

Nissan said to push back Renault’s renewed efforts to merge

Nissan’s financial weakness could give Renault an opening to push harder for a merger.

Economies of scale expected from Axiata-Telenor mega merger

Both companies have requested advice from foreign investment banks on the merger and acquisition exercise, which would likely involve at least 300 million mobile subscribers.

How Sainsbury’s ‘Project Solar’ crashed down to earth 

Senior executives at both companies say their grand plan never stood a chance because the UK's antitrust regulator was hostile to the deal from the start.

German bank merger talks crumble

Both the banks' CEOs say a deal would not have created sufficient benefits to offset the risks and costs of a merger.

Update on Deutsche Bank-Commerzbank merger talks by Friday

The merger talks have come amid stiff resistance from unions and employees.

PSA Group, Fiat Chrysler are said to explore European venture

Any eventual partnership between PSA Group and Fiat Chrysler Automobiles will likely include sharing investments for new electric cars.

Disney-Fox mega-deal set to close March 20

The US$71 billion deal gives Disney the prized 20th Century Fox studios and other media production units.

Germany’s two shrinking banks may get closer to a merger

While there’s no formal mandate to pursue a merger and other options are still being considered, Deutsche Bank CEO Christian Sewing has given up his resistance to doing a deal this year.

Bayer faces new marathon after mammoth Monsanto merger

Bayer sold off part of its existing seeds and pesticides businesses to rival BASF to get the Monsanto deal past competition authorities.

Kraft Heinz facing the painful downside of austerity approach

Six consecutive quarters of poor performance led to an asset write-down of US$15.4 billion on two of Kraft Heinz's flagship brands.

BB&T to buy SunTrust in biggest US bank deal in a...

The combined company will have around US$442 billion in assets, US$301 billion in loans and US$324 billion in deposits.

Alstom, Siemens confirm new merger concessions in rail antitrust tussle

The rail merger aims to create the world's second largest rail company with combined revenues of around US$17.1 billion.

Siemens, Alstom are said to offer new remedies to save deal

The companies have offered to sell signalling assets as well as longer licensing agreements, and have already identified potential acquirers.

Is EU competition law outdated in the age of China?

The powerful European commission is set to veto a blockbuster merger of the train-making businesses of Siemens and Alstom.

Newest Indian bank plans US$11.7 billion merger to meet rules

Kolkata-based Bandhan Bank started as a microfinance firm in 2001 and converted to a bank in 2015.

Daimler, BMW win green light for car-sharing merger

Car2Go and DriveNow combined have 20,000 cars in 30 cities worldwide used by more than four million customers.

We discussed many things with Dr M, clarifies Umno’s No. 2

This follows Mahathir's response today that he met the Umno leaders as they wanted to leave the party.