Comcast increases cash offer for Sky to $34 billion, topping Twenty-First Century Fox

Comcast increases cash offer for Sky to $34 billion, topping Twenty-First Century Fox

Comcast on Wednesday raised its cash offer for Sky to $34 billion, topping Twenty-First Century Fox’s latest bid. Comcast said its upped bid has been recommended by the independent committee of Sky. The company also said it has earmarked funds to fulfill the terms of the deal. Earlier Wednesday, Fox raised its offer to about $32.5 billion. The two media giants have been in a bidding war for the British television group. Fox had originally…

Read More

Keurig Dr Pepper’s first week post-merger brings a defection, an acquisition and new volleys in coffee wars

Keurig Dr Pepper’s first week post-merger brings a defection, an acquisition and new volleys in coffee wars

It’s barely a week into the closing of the mega-merger that created Keurig Dr Pepper and already the beverage industry has seen a defection, an acquisition and a further jolt in the coffee wars. The deal, which closed Monday, creates a beverage giant with $11 billion in revenue that combines Dr Pepper Snapple’s drink and distribution network with Keurig’ Green Mountain’s coffee business. The giant is backed by JAB Holding, the investment firm that has…

Read More

Groupon surges on report it’s seeking a buyer

Groupon surges on report it’s seeking a buyer

Groupon gained almost 11 percent Monday following a weekend report that the company is seeking a buyer. Shares closed at $4.83 after jumping as much as 13 percent to $4.96. That makes for the stock’s best day since February 2017. Recode reported Saturday that the company, which pioneered local online deals, is considering a sale. Alibaba, which took a nearly 6 percent stake in the the company in 2016, could step in as a buyer,…

Read More

Broadcom reaches deal to acquire CA Technologies for $18.9 billion in cash

Broadcom reaches deal to acquire CA Technologies for $18.9 billion in cash

Broadcom and CA Technologies on Wednesday announced that Broadcom has agreed to acquire the enterprise technology company for $18.9 billion in cash. The deal values CA stock at about $44.50 per share, or a premium of about 20 percent to the closing price of CA common stock on July 11. The acquisition represents a strategic win for Broadcom, furthering its mission to acquire “mission critical technology businesses,” following its failed takeover bid for rival Qualcomm….

Read More

Comcast increases cash offer for Sky to $34 billion, topping Twenty-First Century Fox

Comcast increases cash offer for Sky to $34 billion, topping Twenty-First Century Fox

Comcast on Wednesday raised its cash offer for Sky PLC to $34 billion, topping Twenty-First Century Fox’s latest bid. Comcast said its upped bid has been recommended by the independent committee of Sky. The company also said it has earmarked funds to fulfill the terms of the deal. Earlier Wednesday, Fox raised its offer to about $32.5 billion. The two media giants have been in a bidding war for the British television group. Fox had…

Read More

Conagra Brands to acquire Pinnacle Foods for about $10.9 billion

Conagra Brands to acquire Pinnacle Foods for about $10.9 billion

Conagra Brands on Wednesday announced plans to acquire Pinnacle Foods in a cash-and-stock deal valued at about $8.1 billion that furthers Conagra’s transformation under CEO Sean Connolly and its push into frozen foods. Including debt, the deal is valued at $10.9 billion. The pairing of Healthy Choice-owner Conagra and Bird’s Eye-owner Pinnacle would create the second-largest U.S. frozen food company behind Nestle, analysts at RBC Capital Markets have written. Conagra has poured money into its…

Read More

GE may sell off industrial engine unit to private equity firm Advent International

GE may sell off industrial engine unit to private equity firm Advent International

General Electric may sell a unit that manufactures industrial engines to a private equity firm, The Wall Street Journal reported on Sunday, as part of a wide ranging effort to revitalize the moribund manufacturing giant. The Journal, citing unnamed sources familiar with the matter, said GE could complete a transaction as soon as Monday that would be worth $3 billion or more. Advent International is said to have topped another firm that also bid on…

Read More

Campbell shares soar on report Kraft is interested in buying the soup company

Campbell shares soar on report Kraft is interested in buying the soup company

Campbell Soup’s stock gained more than 9 percent Monday, following a report that Kraft Heinz is interested in buying the soup company. The story, which appeared in the New York Post, did not say whether Kraft Heinz had a hired a bank to explore such interest, a step that often precedes serious attempts at dealmaking. Campbell previously announced a strategic review in which it would leave “no sacred cows,” raising speculation the company could do…

Read More

Conagra Brands is nearing a deal to acquire Pinnacle Foods

Conagra Brands is nearing a deal to acquire Pinnacle Foods

Conagra Brands is in advanced talks to acquire Pinnacle Foods in a deal that could be announced as soon as this week, sources familiar with the situation told CNBC on Tuesday. A deal price could not be immediately obtained, but it will be financed partially in cash and partially in stock, the sources said. Shares of Pinnacle were up 2.51 percent on CNBC’s report, giving it a market capitalization of $8.10 billion, while shares of…

Read More

TPG, Rise Fund Acquire Energy Efficiency firm CLEAResult

TPG, Rise Fund Acquire Energy Efficiency firm CLEAResult

The TPG investment fund and its environmental spinoff are banding together to acquire Austin, Texas-based energy efficiency firm CLEAResult for an undisclosed sum. TPG Growth and The Rise Fund are buying CLEAResult from global equity firm General Atlantic. The deal is expected to close later in 2018, pending regulatory approvals and other conditions. CLEAResult was a small firm started up in 2003 which now has hundreds of utility customers across the U.S. The firm focuses…

Read More
1 2 3 7