Mergers and acquisitions

February 18, 2020 - 5:26 am
MILAN (AP) — Italian bank Intesa SanPaolo announced Tuesday a 4.9 billion-euro ($5.3 billion) takeover offer for smaller rival UBI Banca - an unexpected move, even if experts have long called for consolidation in the sector. The Intesa SanPaolo share-swap offer values UBI Banca shares at a 28%...
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FILE - In this Monday, May 14, 2018 file photo, a TGV high-speed train at the Saint-Charles train station, in Marseille, southern France. French train maker Alstom said Monday Feb. 17, 2020, that it is in talks to possibly take over the train business of Bombardier, the Canadian aerospace and engineering company. (AP Photo/Claude Paris, file)
February 17, 2020 - 1:33 pm
PARIS (AP) — French train maker Alstom has announced an multibillion-euro offer to buy the rail business of Canadian engineering firm Bombardier, as it tries to bulk up to compete with big rivals, particularly from China. Alstom, which makes the French TGV high-speed trains, said in a statement...
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FILE - This Jan. 28, 2015, file photo, shows the Federal Trade Commission building in Washington. Federal regulators are amping up their investigation of the market dominance of five giant tech companies, demanding detailed information on their acquisitions back to 2010. The Federal Trade Commission announced the move Tuesday, issuing orders to Facebook, Amazon, Apple, Microsoft and Google's parent Alphabet Inc. (AP Photo/Alex Brandon, File)
February 11, 2020 - 1:23 pm
WASHINGTON (AP) — Federal regulators are ramping up their investigation of the market dominance of five giant tech companies, demanding detailed information on their acquisitions back to 2010. The Federal Trade Commission announced the move Tuesday, issuing orders to Facebook, Amazon, Apple,...
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FILE - In this Jan. 15, 2020, file photo T-Mobile chief executive John Legere speaks to reporters as he leaves the courthouse in New York. A federal judge has removed a major obstacle to T-Mobile's $26.5 billion takeover of Sprint, as he rejected claims by a group of states that the deal would mean less competition and higher phone bills. (AP Photo/Seth Wenig, File)
February 11, 2020 - 10:29 am
NEW YORK (AP) — A federal judge has removed a major obstacle to T-Mobile's $26.5 billion takeover of Sprint, as he rejected claims by a group of states that the deal would mean less competition and higher phone bills. Though the deal still needs a few more approvals, T-Mobile expects to close it as...
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February 10, 2020 - 8:52 am
SHELTON, Conn. (AP) — Schick owner Edgewell is ending its $1.37 billion acquisition deal for upstart shaving company Harry’s shortly after the Federal Trade Commission sued to block the sale. Edgewell Personal Care Co. said Monday that Harry's Inc. has said it will pursue litigation, but Edgewell...
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FILE - In this June 15, 2018, file photo, the Winston razor and Harry's face lotion are on display at the headquarters of Harry's Inc., in New York. Federal antitrust regulators say a proposed merger that would combine old-school shaving company Schick with upstart Harry's would end up costing consumers some skin. (AP Photo/Mary Altaffer, File)
February 03, 2020 - 6:33 pm
NEW YORK (AP) — Federal antitrust regulators say a proposed merger that would combine old-school shaving company Schick with upstart Harry's would end up costing consumers some skin. The Federal Trade Commission on Monday sued to block Edgewell Personal Care Co.'s $1.37 billion acquisition of Harry...
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California state Sen. Scott Wiener announces he will introduce legislation to take over Pacific Gas & Electric at a rally in San Francisco Monday, Feb. 3, 2020. The legislation is aimed at transforming the nation's largest electric utility into a publicly-owned company. Wiener said the bill would involve a public takeover of Pacific Gas & Electric and its sprawling network of power lines that have been blamed for starting catastrophic wildfires that have killed dozens of people and caused billions of dollars in damage. (AP Photo/Janie Har)
February 03, 2020 - 5:21 pm
SAN FRANCISCO (AP) — Frustrated by repeated safety lapses at the nation's largest electric company, a California lawmaker on Monday introduced legislation that would force taxpayers to buy the struggling utility and turn it into a public entity with a safety-first mission ahead of shareholder...
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FILE - In this April 3, 2019, file photo, Alan Horn, chairman of The Walt Disney Studios, speaks underneath poster images for 20th Century Fox films during the Walt Disney Studios Motion Pictures presentation at CinemaCon 2019, the official convention of the National Association of Theatre Owners (NATO) at Caesars Palace in Las Vegas. Disney is dropping the word “Fox” from the movie studios it acquired as part of last year's $71 billion purchase of Fox's entertainment business, according to published reports. According to trade publication Variety, 20th Century Fox will become 20th Century Studios, while Fox Searchlight Pictures will be Searchlight Pictures. Disney will still run them as separate studios within the company. (Photo by Chris Pizzello/Invision/AP, File)
January 17, 2020 - 5:02 pm
NEW YORK (AP) — Disney is dropping the word “Fox” from the movie studios it acquired as part of last year's $71 billion purchase of Fox's entertainment business, according to published reports. Disney will still run them as separate studios within the company. But trade publication Variety reported...
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FILE - In this Oct. 31, 2019 file photo, a Fiat logo is pictured on a car in Bayonne, southwestern France. Fiat Chrysler Automobiles and PSA Peugeot announced Wednesday, Dec. 18, 2019, that their boards signed a binding deal to merge the two automakers, creating the world’s fourth-largest auto company. (AP Photo/Bob Edme, File)
January 17, 2020 - 2:34 pm
MILAN (AP) — Fiat Chrysler is in talks with the Taiwanese company Foxconn to develop and manufacture battery-powered vehicles, the U.S.-Italian automaker said Friday. Fiat Chrysler is in the process of merging with France's PSA Peugeot, which is 12% owned by Chinese company Dongfeng Motor Co. Both...
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Democratic presidential candidate South Bend Mayor Pete Buttigieg speaks during a Democratic presidential primary debate Thursday, Dec. 19, 2019, in Los Angeles. (AP Photo/Chris Carlson)
December 21, 2019 - 1:01 pm
WASHINGTON (AP) — The financial sector, blamed by progressives for spawning the 2008 economic collapse, is lining up behind Pete Buttigieg’s presidential campaign. The mayor of South Bend, Indiana, has collected more campaign cash from donors and political action committees tied to the financial,...
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