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Mergers and Acquisitions
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Daily news and top headlines for manufacturing professionals

Volkswagen To Complete Scania Purchase

May 13, 2014 8:50 am | News | Comments

German automaker Volkswagen AG has enough shares to take complete ownership of Swedish truck-maker Scania and move ahead with integrating its commercial vehicle business.                 

British Lawmakers Press Pfizer For Job Guarantees

May 13, 2014 8:14 am | by Danica Kirka, Associated Press | News | Comments

Lawmakers pressed the chief executive of Pfizer to guarantee jobs should the American company succeed in taking over London-based AstraZeneca, prodding him on whether he could be trusted to honor promises made as part of the bid.    

Qualcomm Managers Charged With Insider Trading

May 13, 2014 7:58 am | News | Comments

Two former Qualcomm Inc. managers were criminally charged with insider trading for allegedly buying shares of a semiconductor maker before Qualcomm announced an agreement to buy the company.           

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Allergan Board Rejects Valeant Takeover Offer

May 12, 2014 10:04 am | News | Comments

Botox maker Allergan is rejecting a takeover bid from Valeant Pharmaceuticals, saying that the unsolicited $46 billion offer undervalues the company and carries significant risk.            

Chrysler Reports $690M 1Q Loss

May 12, 2014 9:36 am | News | Comments

Chrysler Group lost $690 million in the first quarter due to charges related to its merger with Italian automaker Fiat SpA.                       

Hillshire Brands Buys Pinnacle Foods For $4.23B

May 12, 2014 7:55 am | News | Comments

Hillshire Brands is buying Pinnacle Foods, whose brands include Duncan Hines and Aunt Jemima, in a cash-and-stock deal valued at approximately $4.23 billion.                   

Report: Apple Close To Buying Beats For $3.2B

May 9, 2014 8:14 am | by Michael Liedtke, AP Technology Writer | News | Comments

Apple is orchestrating a $3.2 billion acquisition of Beats Electronics, the headphone maker and music streaming distributor founded by hip-hop star Dr. Dre and record producer Jimmy Iovine, according to a published report.             

Mondelez, DE Master Combining Coffee Businesses

May 7, 2014 8:30 am | News | Comments

The deal is part of a $3.5 billion restructuring program underway at Mondelez that is projected to create $1.5 billion in savings by 2018.                                

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Snyder's-Lance To Sell Private Brands For $430M

May 7, 2014 7:56 am | News | Comments

The pretzel and chip maker is selling its private brands and two manufacturing plants to Shearer's Foods LLC for $430 million as it hones its focus on its well-known brands.                       

France: GE Offer For Alstom Not Good Enough

May 6, 2014 8:13 am | News | Comments

French President Francois Hollande says that an offer by General Electric Co. for troubled French engineering company Alstom is not good enough and wants the U.S. company to come up with a better deal.             

Bayer Buying Merck's Consumer Business For $14.2B

May 6, 2014 8:09 am | by David McHugh and Geir Moulson, Associated Press | News | Comments

Bayer has agreed to buy Merck & Co.'s non-prescription medicine and consumer care business for $14.2 billion, gaining products such as Claritin allergy pills, Coppertone sun lotion and Dr. Scholl's footcare products.      

Pfizer Considers Options After AstraZeneca Snubs Offer

May 6, 2014 7:59 am | by Linda A. Johnson, AP Business Writer | News | Comments

Executives at drug maker Pfizer Inc. say they're continuing to review options after British rival AstraZeneca PLC again rejected their proposal to buy the company, adding that Pfizer would prefer a friendly deal.       

B/E Aerospace Mulls Possible Sale

May 5, 2014 12:00 pm | News | Comments

That is one of the strategic options the company said over the weekend that it was considering, as well as merging with another company or spinning off one of its businesses.              

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AstraZeneca Rejects Sweetened Bid From Pfizer

May 2, 2014 7:35 am | by Danica Kirka, Associated Press | News | Comments

The board of pharmaceutical company AstraZeneca on Friday flatly rejected drug maker Pfizer's sweetened takeover offer just hours after it was levelled, describing it as inadequate.              

Siemens Joins Bidding For Alstom

April 30, 2014 8:34 am | News | Comments

French engineering company Alstom has received a purchase offer from Germany's Siemens, putting another party at the bargaining table with General Electric Co.                

PwC: Industrial Manufacturing M&A Up In Q1

April 29, 2014 10:28 am | by PwC US | News | Comments

In the first quarter of 2014, the total value for merger and acquisition (M&A) activity in the industrial manufacturing sector surpassed both the previous quarter and the same time period in 2013, largely driven by the successful completion of several mega deals, or transactions worth more than $1 billion.

Pfizer Still Pursuing AstraZeneca

April 29, 2014 8:13 am | by Danica Kirka and Linda A. Johnson, Associated Press | News | Comments

Pfizer Inc. was turned down twice by fellow drug maker AstraZeneca PLC, but the maker of Viagra and Lipitor said Monday that its proposed $100 billion acquisition makes sense for shareholders of both companies.            

France Warns Alstom Against 'Precipitous' Tie-Up With GE

April 28, 2014 2:32 pm | by Greg Keller, Associated Press | News | Comments

French President Francois Hollande met with top members of the government to discuss Alstom, hours after the economy minister warned the engineering company not to pursue a "precipitous" tie-up with General Electric.            

Forest Labs Buying Furiex In Deal Worth $1.5B

April 28, 2014 8:29 am | News | Comments

Forest Laboratories says it will spend as much as $1.5 million to buy Furiex Pharmaceuticals Inc. in a deal that could give the drug maker one of the broadest product lines for gastrointestinal treatments.              

Court Rejects Case Against Ex-Porsche CEO

April 25, 2014 9:32 am | News | Comments

A German court has thrown out market manipulation charges against the former CEO and chief financial officer of Porsche over the sports car maker's failed attempt to take over Volkswagen AG in 2009.           

Nokia, Microsoft Close $7.5B Deal

April 25, 2014 7:49 am | News | Comments

Friday's closure of the deal, which includes a license to a portfolio of Nokia patents, follows delays in global regulatory approvals, including from China.                

Alstom Shares Jump Amid Rumors Of GE Buyout

April 24, 2014 8:37 am | News | Comments

Shares in French train and equipment manufacturer Alstom have spiked on reports that General Electric Co. is considering making a bid for the company.                   

Large Scania Shareholder Accepts VW Bid

April 24, 2014 8:28 am | News | Comments

Volkswagen has come closer to realizing its ambition to takeover Scania after the fourth largest shareholder in the Swedish truck maker announced it will accept the $9.2 billion bid.            

Textron Cutting 750 Cessna, Beechcraft Jobs

April 23, 2014 12:15 pm | News | Comments

Just over a month after buying Beechcraft for $1.4 billion, Textron announced 750 job cuts at that company and at its Cessna division.                      

Novartis, Glaxo, Lilly In Multibillion-Dollar Deals

April 22, 2014 12:22 pm | by John Heilprin, Associated Press | News | Comments

Swiss pharmaceutical giant Novartis announced a series of multibillion-dollar deals with other major pharmaceutical companies that it said would reduce sales but boost profitability, while affecting some 15,000 of its employees globally.       

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