ConocoPhillips moves to take over Venezuelan PDVSA’s Caribbean assets

ConocoPhillips moves to take over Venezuelan PDVSA’s Caribbean assets

U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to three sources familiar with its actions. The U.S. firm targeted facilities on the islands of Curacao, Bonaire and St. Eustatius that accounted for about a quarter of Venezuela’s oil exports last year. The three play key roles in processing, storing…

Read More

Steakhouse Del Frisco’s to acquire tapas restaurant owner Barteca for $325 million

Steakhouse Del Frisco’s to acquire tapas restaurant owner Barteca for $325 million

Del Frisco’s Restaurant Group, Inc.(NASDAQ:DFRG), known for its upscale steakhouses, told CNBC it will acquire Barteca Restaurant Group for $325 million in cash in a bid to expand its footprint and balance its portfolio. The deal announced Monday represents a calculated move by Del Frisco’s, which owns Del Frisco’s Grill, Del Frisco’s Double Eagle and Sullivan’s Steak House, to grow in scale and reach new customers. It’s a big step for a company with a…

Read More

SK Telecom and Macquarie acquire security firm ADT Caps for $1.2b

SK Telecom and Macquarie acquire security firm ADT Caps for $1.2b

SK Telecom, South Korea’s largest wireless carrier, will acquire controlling stakes of local security firm ADT Caps, the company has announced. The company bought a 55 percent stake in Siren Holdings Korea, which owns 100 percent of ADT Caps, for 702 billion won, while investment banking firm Macquarie Group bought 45 percent for 574 billion won. The two bought the firm from Carlyle Group and the acquisition is expected to be completed in the third…

Read More

Job site operator Glassdoor to be acquired by Japan’s Recruit for $1.2 billion

Job site operator Glassdoor to be acquired by Japan’s Recruit for $1.2 billion

Japanese HR services provider Recruit Holdings said on Wednesday it has agreed to buy popular California-based job site operator Glassdoor for $1.2 billion to tap into its database of company reviews and salary data. Privately held Glassdoor, founded in 2007, last raised funds in 2016, valuing the company at $1 billion. It counts billionaire Chase Coleman’s hedge fund Tiger Global Management, Google Capital, and T. Rowe Price among its investors. Buying Glassdoor will expand Recruit’s…

Read More

Disney CEO Bob Iger: Confident deal with Fox will close

Disney CEO Bob Iger: Confident deal with Fox will close

Walt Disney CEO Bob Iger told CNBC on Tuesday that he remains “confident” the deal with Twenty-First Century Fox will move forward. Disney’s $52 billion bid for Fox was announced in December. On Monday, sources told CNBC that Comcast is planning a $60 billion all-cash bid to acquire Fox’s assets if the U.S. government approves AT&T’s acquisition of Time Warner. “We made a good deal, actually a deal that shareholders reacted quite favorably to and…

Read More

Alibaba expands South Asia footprint, snapping up Pakistani online retailer Daraz

Alibaba expands South Asia footprint, snapping up Pakistani online retailer Daraz

Alibaba has bought Pakistani e-commerce firm Daraz, as the Chinese tech giant looks to increase its presence in South Asia. Financial details of the transaction, which was announced on Tuesday, were undisclosed. Daraz, founded in 2012, is backed by European tech incubator Rocket Internet. It operates in Bangladesh, Myanmar, Sri Lanka and Nepal as well as Pakistan. The deal marks another foray for billionaire entrepreneur Jack Ma’s Alibaba into the South Asian market. The e-commerce…

Read More

Icahn, Deason want bid of at least $40 per share for Xerox

Icahn, Deason want bid of at least $40 per share for Xerox

Carl Icahn and Darwin Deason, shareholders in Xerox Corporation(NYSE:XRX) who oppose an agreed deal with Fujifilm, said they would consider an all-cash bid of at least $40 per share — a 43 percent premium to the Japanese firm’s offer. In setting a minimum price tag on Xerox, the billionaire investors have thrown the ball back into Fujifilm’s court while also gaining time to woo other investors after Xerox failed on Monday to gain a quick…

Read More

Japan’s Takeda clinches $62 billion deal to buy drugmaker Shire

Japan’s Takeda clinches $62 billion deal to buy drugmaker Shire

Takeda Pharmaceutical Company Limited(OTC:TKPYY、TKPHF、TYO:4502、FSE:4502) agreed to buy London-listed Shire plc (NASDAQ:SHPG) for 45.3 billion pounds ($61.50 billion) on Tuesday after the Japenese company raised the amount of cash in its offer to secure a recommendation. The deal — assuming it wins the backing of shareholders — will be the largest overseas acquisition by a Japanese company and propel Takeda, led by Frenchman Christophe Weber, into the top ranks of global drugmakers. The tie-up is one…

Read More

Blackstone to buy Gramercy Property in $7.6 billion deal

Blackstone to buy Gramercy Property in $7.6 billion deal

U.S. private-equity firm Blackstone Group will buy commercial real estate manager Gramercy Property Trust in a $7.6 billion all-cash deal, the companies said on Monday. Blackstone’s $27.50-per-share offer represents a premium of 15.4 percent to Gramercy’s close on Friday at $23.82. The deal will add to Blackstone’s real estate business, which has emerged as a bigger contributor to earnings in recent years than its private equity division. Blackstone earlier this year elevated Jonathan Gray, who…

Read More

Paul Singer’s Elliott makes all-cash offer for Athenahealth of $160 a share

Paul Singer’s Elliott makes all-cash offer for Athenahealth of $160 a share

Elliott Management made an all-cash deal for Athenahealth, with a bid of $160 a share, the activist firm said in a letter Monday. The proposal is a 27 percent premium to Athenahealth’s share price as of Friday. The shares jumped nearly 24 percent in trading on Monday after CNBC’s David Faber reported that Elliott was preparing to make the bid, citing sources familiar with the matter. Paul Singer’s Elliott, which took a 9.2 percent stake…

Read More
1 10 11 12 13