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Actelion, J&J in Merger Talk Again, Nokia Files Patent Suits Against Apple

Sarla Buch
22 Dec, 2016
New York City

Actelion re-entered in merger talks with Johnson & Johnson. Altice agreed to sell its Belgium and German businesses to Telenet for

Accenture, FedEx, Nike Profit Jump; Finish Line Net Loss widens

Mukesh Buch
21 Dec, 2016
New York City

AMC received conditional approval of the proposed $1.2 billion acquisition of rival Carmike. Accenture net surged 22%. FedEx net rose. Finish Line tumbled after net loss widened. Nike profit jumped. Paychex net and revenues soared 7%.

InBev Sells Africa Assets to Coca Cola, Italy Approves

Sarla Buch
21 Dec, 2016
New York City

AB InBev agreed to sell its 54.5% stake of African assets to the Coca-Cola for $3.2 billion. Allergan agreed to acquire LifeCell for $2.9 billion. Meggitt sell its Target Systems division to QinetiQ for

Linde, Praxair in $65 B Merger; Walgreens and RiteAid Inch Closer to Merge

Mukesh Buch
20 Dec, 2016
New York City

BlackBerry net loss widened on 47% decline in revenues but the mobile phone maker lifted adjusted profit outlook. CarMax net jumped. Darden net surged 84%. FactSet profit tumbled 33%. General Mills net plunged 9%. Praxair and Linde agreed to merge. Rite Aid agrees to sell stores to Fred

Lloyds to Acquire MBNA for

Sarla Buch
20 Dec, 2016
New York City

Innovia agreed to be acquired by Canada-based CCL. Lloyds Banking agreed to acquire MBNA for

Fairfax in $4.9 B Deal with Allied World, Lennar Profit Jumps 11%

Mukesh Buch
19 Dec, 2016
New York City

Apple challenged the European Union competition commission

Danone Lowers Forecast, SCA to Acquire BSN for

Sarla Buch
19 Dec, 2016
New York City

Braas Monier Building agreed to be acquired by the U.S.-based Standard Industries for $1.2 billion. Danone lowered fiscal sales forecast. Parkdean Resorts agreed to be acquired by Canada-based Onex for

Honeywell Reaffirms Q4 Outlook; Adobe Net Surges, Oracle Net Plunges

Mukesh Buch
16 Dec, 2016
New York City

Adobe net surged 79% on 23% jump in revenues. Cognizant agreed to acquire Australia-based insurance group Adaptra. Honeywell reaffirmed fourth-quarter earnings forecast. Ingles Markets net declined 12%. Jabil Circuit net tumbled 33%. Oracle profit dropped 7%.

EDF Lowered 2017 Outlook, Actelion One Step Closer to CHMP Approval

Sarla Buch
16 Dec, 2016
New York City

Actelion jumped after the European regulatory advisory committee issued positive opinion for the treatment of T-cell lymphoma. EDF lowered profit outlook for fiscal 2017. Johnston Press agreed to sell its unit to Iliffe News and Media.

21st Century Fox Moves on Sky Stake, Nucor Lowers Outlook

Mukesh Buch
15 Dec, 2016
New York City

Nucor lowered earnings outlook. RMR net income and revenues soared. Scholastic net jumped 5% and reaffirmed revenue forecast. Sanderson Farms net nearly tripled. Smart Sand net swung to a loss. 21st Century Fox agreed to acquire remaining stake in Sky for $23.4 billion.

21st Century Fox to Acquire Remaining Stake in Sky, Just Eat in Two Deals

Sarla Buch
15 Dec, 2016
New York City

Just Eat, the online food ordering platform continued its global expansion with a deal in Canada and in Europe. Lufthansa intends to acquire remaining 55% stake in SN Airholding. Sky agreed to be acquired by 21st Century Fox for

Alaska Air Completes Virgin Acquisition; Heico, Nordson Net Surge

Mukesh Buch
14 Dec, 2016
New York City

Alaska Air completed acquisition of Virgin America. ABM Industries tumbled 80%. Heico said net income and revenues surged. Joy Global net loss narrowed while revenues declined 24%. Nordson profit soared 53% on 14% jump in revenues. Value Line net plunged 25%.

Dixons, Inditex Net Jump; Punch Taverns in Play with Two Bids

Sarla Buch
14 Dec, 2016
New York City

Fashion retailer Boohoo.Com acquired 66% stake in rival Pretty Little Thing and lifted operating profit forecast. Dixons Carphone profit surged but offered cautious outlook. Heinken is considering two proposals for Punch Taverns. Inditex profit jumped 9%.

Patterson to Buy Seventy Seven Energy for $1.8 B, VeriFone Net Swings to Loss

Mukesh Buch
13 Dec, 2016
New York City

GMS net surged on 29% jump in revenues. Investors Real Estate Trust net tumbled 37%. KMG Chemicals profit soared 24%. Patterson-UTI Energy agreed to acquire Seventy Seven Energy for $1.8 billion. VeriFone net swung to a loss.

Asahi to Buy 5 Brands of AB InBev, UniCredit to Raise

Sarla Buch
13 Dec, 2016
New York City

AB InBev agreed to sell its five beer brands to Japan-based rival Asahi Group for

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