Category: Merger and Acquisitions

Hotelier Nazarian To Sell 10% Stake In SLS Las Vegas Hotel

Hotelier Sam Nazarian has agreed to sell his minority stake in the SLS Las Vegas hotel and for his company to surrender management of the money losing property in the Las Vegas Hotel. The Stockbridge Capital Partners, San Francisco based…
Nestle Deals With R&R Group To Merge Ice Cream Operations

Nestle SA is in advanced converses with ice cream producer R&R Group from Europe to shape a merger for ice cream in Africa and Europe with a turnover 3.1 billion per annual. The world’s largest packed foods company said that…
Peet’s Coffee And Tea To Acquire Stumptown Coffee

On Tuesday Peet’s Coffee & Tea said it came to an agreement to buy its kind of Stumptown Coffee Roasters with a deal that could give Peet’s a greater foot shaped impression in the premium coffee market. Stumptown’s majority proprietor,…
Pure Storage Inc Plans To Set Price $17 Per New Share

Storage company Pure Storage Inc. is set to price its initial public offering at $17 a share, at the midpoint of its normal extent, as per individuals acquainted with the deal. At that price, the deal, which would raise $425…
Saskatchewan Inc Drops Acquisition Offer For German Rival K+S

Saskatchewan Inc. a Potash Corporation has dropped its endeavors to assume control K+S AG for generally $8.8 billion, crashed by a droop in commodity prices and the refusal of its German rival’s administration to take part in talks. K+S said…
Suncor Offer $4.3 Billion To Acquire Canadian Oil Sands

On Monday Suncor Energy Inc. moved to extend its already substantial vicinity in Canada’s oil sands with a 4.3 billion Canadian dollar ($3.3 billion) antagonistic offer for Canadian Oil Sands Ltd., the largest proprietor of the Syncrude mining consortium. The…
Volkswagen To Buy 1.5% Stake From Suzuki

Porsche Automobile Holding, the German auto maker’s greatest shareholder, will take Suzuki’s stake. Suzuki Motor Corp. has agreed to sell its 1.5% stake in Volkswagen AG to Porsche Automobile Holding SE, the German auto maker’s greatest shareholder, Suzuki and Porsche…
UTH Russia Buys 75% Stake From CTC Media

Russian broadcaster’s stake sale brings business in accordance with law restricting outside ownership in media. Russian broadcaster CTC Media said on Friday it had agreed to sell a 75% stake in its working business to a company controlled by Russian…
SFX Entertainment Extends Bid Deadline To October 14

SFX Entertainment, the harried promoter of dance music festivals, has extended a deadline for offers to buy all or parts of the company, as its stock remains low and problems at one of its marquee festivals in Georgia last weekend…
Saudi Arabia And Russian Oil Producers To Continue Pumping Oil

Russia and Saudi Arabia the world’s two greatest oil producers said that they weren’t pulling again from tremendous crude yield levels that have assisted send with precising tumbling. Russia said it created oil in September at levels not seen subsequent…
Nike Inc Share Sales Raised By China

Sportswear company Nike’s shares are raised in nightfall trading, as results top expectations. Nike Inc. posted a 23% bounce in quarterly profits and especially strong sales gains in China, as the world’s largest sportswear maker kicked concerns about that nation’s…