ticker

CVS, Aetna Agree on Mega Merger, Hartford to Sell Talcott Resolution

Mukesh Buch
04 Dec, 2017
New York City

CVS Health agreed to acquire health insurer Aetna Inc for $207 per share. Exactech agreed to be acquired by TPG Capital for $737 million. Hartford Financial to sell its life insurance business for $2.05 billion.

Dialog Plunges on Apple Worries, Prysmian Acquires General Cable

Sarla Buch
04 Dec, 2017
New York City

Aker agreed to divest minority stakes in two North Sea fields. Dialog tumbled after the chipmaker said its largest customer Apple may design its own power management chip. Prysmian agreed to buy the U.S.-based rival General Cable for $3 bn. Tryg agreed to buy domestic business from Alka Forsikring.

Axalta Rejected Nippon Deal, Costco November Sales Soar

Mukesh Buch
01 Dec, 2017
New York City

Axalta Coating rejected $9.1 billion takeover offer from Nippon Paint. Big Lots net soared after store makeover. CVS is close to buying Aetna. Costco November sales surged 13%. Genesco lowered fiscal 2018 outlook. Michaels reported stronger-than-expected results.

Altice Divests Swiss Operation, Renault November Sales Barely Budged

Sarla Buch
01 Dec, 2017
New York City

Altice agreed to sell its Swiss telecom solutions business and Data Center to InfraVia Capital Partners. Fuchs Petrolub agreed to divest its domestic production site to Japan-based CCI Group. Indivior received approval from the U.S. to sell opioid treatment. Renault November sales rose.

Kroger Beats Quarterly Estimate, PVH Lifts Outlook

Mukesh Buch
30 Nov, 2017
New York City

Barnes & Noble plunged after weak forecast. Donaldson lifted fiscal 2018 outlook. Kroger beats third-quarter forecasts. L Brands November comparable sales fell 2%. PVH raises fiscal 2017 revenues forecast. Semtech net plummeted 57%.

Paypoint Net Decline Surprised Traders, Rocket Start-ups Cut Losses

Sarla Buch
30 Nov, 2017
New York City

Capital Stage said net earnings and revenues jumped. Grainger profit tumbled but revenues soared 20%. Paypoint first-half net fell. MBB said operating profit soared. Rocket Internet net loss narrowed after three of its start-ups reported strong results. Soitec net jumped.

Regal and Cineworld Talk Merger, Tiffany Beats Estimates

Mukesh Buch
29 Nov, 2017
New York City

Atkore International fourth-quarter results beats estimate. Marvell Technology forecast strong revenues in quarter ahead. Nuance Communications surged on new booking forecast. Photronics net jumped 35%. Tiffany & Co revenues jumped.

BBVA in

Sarla Buch
29 Nov, 2017
New York City

Britivic soared on less-than-expected decline in profit. Brewin Dolphin lifted dividend after profit surged. BBVA agreed to sell 80% of its real-estate business for

Emerson Abandons $29 B Bid to Buy Rockwell, Thor Beats Estimates

Mukesh Buch
28 Nov, 2017
New York City

Emerson Electric withdraws $29 billion offer to buy Rockwell Automation. Momo profit and revenues surged. Roark Capital agreed to buy Buffalo Wild Wings for $2.4 billion. Thor Industries beats earnings and revenues estimates. Tech Data beats third-quarter results.

Ocado Surges on Casino Deal; Cranswick and Shaftesbury Gain on Results

Sarla Buch
28 Nov, 2017
New York City

Cranswick reported strong sales growth in the first-half. Casino agreed to use e-commerce platform of the U.K.-based Ocado. Ericsson estimated 5G Subscriptions to reach 1 billion by 2023. Shaftesbury profit surged on revaluation of investment properties.

Meredith to Buy Time Inc, Barracuda in LBO Deal

Mukesh Buch
27 Nov, 2017
New York City

Barracuda Networks agreed to be acquired by the privately held Thoma Bravo for $1.6 billion. KKR & Co revised its bid price for Japan-based Hitachi Kokusai Electric. Meredith agreed to acquire Time Inc for $2.8 billion. PNC Financial agreed to acquire The Trout Group.

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