Mergers and acquisitions

July 09, 2017 - 3:44 pm
WASHINGTON (AP) — Cosco Shipping Holdings Co., a Chinese conglomerate, will purchase a majority stake in Orient Overseas International to create a global shipping giant, according to a filing with the Hong Kong Stock Exchange. The filing says Cosco will pay $10.07 per share (HK$78.67), a premium of...
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July 06, 2017 - 12:58 pm
NEW YORK (AP) — QVC and Home Shopping Network, long known as a base for home shopping on TV, are combining further as they look at aggressive growth by Amazon and consumer buying shifting even more to online. Liberty Interactive Corp., which owns QVC and already owns 38 percent of HSN, will buy the...
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July 06, 2017 - 10:56 am
NEW YORK (AP) — QVC and Home Shopping Network, two of the most well-known home-shopping hubs, are combining further as they look at aggressive growth by Amazon and consumer shopping habits shifting to internet-based retail. Liberty Interactive Corp., which owns QVC and already owns 38 percent of...
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July 06, 2017 - 9:44 am
NEW YORK (AP) — QVC's parent company will buy the rest of Home Shopping Network for about $2.6 billion in a stock deal, combining two of the most well-known home-shopping hubs. The buyout comes amid aggressive growth by Amazon.com Inc. as consumer shopping habits continue shifting to internet-based...
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July 05, 2017 - 10:30 am
LONDON (AP) — Britain's largest payment processing company has agreed to a 7.7 billion pound ($9.9 billion) get taken over by U.S. rival Vantiv. Worldpay, which allows businesses to accept credit cards and online payments, said Wednesday that the companies had "reached an agreement in principle on...
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July 03, 2017 - 3:58 pm
PORTLAND, Maine (AP) — Illinois-based Consolidated Communications and North Carolina-based FairPoint have closed on a deal that created a telecommunications company operating in 24 states, including Vermont, New Hampshire and Maine. Shareholders approved the merger on March 28 and financing has...
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June 03, 2017 - 4:09 am
VALLETTA, Malta (AP) — Maltese voters are heading to the polls a year early after Prime Minister Joseph Muscat called snap elections following an investigation into allegations his wife owned a company related to the Panama Papers scandal. Surveys show Labour's Muscat is likely to win a second,...
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June 01, 2017 - 7:48 am
PITTSBURGH (AP) — PPG Industries is retreating from its attempt to take over AkzoNobel after repeated refusals to negotiate by the Dutch chemicals company. There has been an aggressive push to consolidate in the industry because of falling revenue and thin margins. DuPont and Dow are attempting to...
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A man inspects Proton's model "Ertiga" displayed inside a showroom at Kepong in Kuala Lumpur, Malaysia Wednesday, May 24, 2017. Chinese automaker Geely has agreed to buy a 49.9 percent stake in Malaysian manufacturer Proton, in a deal aimed at reviving the loss-making company. (AP Photo/Daniel Chan)
May 24, 2017 - 5:09 am
KUALA LUMPUR, Malaysia (AP) — The Chinese owner of Sweden's Volvo Cars agreed Wednesday to buy 49.9 percent of Malaysian automaker Proton, gaining a platform to expand into Southeast Asia. The deal gives Geely a distribution network in Southeast Asia, where non-Japanese brands have struggled...
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May 22, 2017 - 12:54 pm
GENEVA (AP) — Swiss specialty chemicals maker Clariant and Texas' Huntsman Corp. will attempt to join and create a company with a market value of $13.8 billion, the latest proposed deal in a chemicals industry that is seeking to consolidate rapidly. The companies said Monday they plan to combine in...
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