mergers and acquisitions - updates

Rappler's latest stories on mergers and acquisitions

ARTICLE FINDER

Landbank offers Philippine Stock Exchange P472M for PDSHC stake

Apr 29, 2018 - 11:35 PM

The state-run bank takes another stab at gaining control of the country's bond trading market

Razer planning to acquire online currency firm MOL Global

Apr 24, 2018 - 11:34 AM

The merger, says Razer CEO Min Liang-Tan, would create 'one of the largest virtual credits platforms for gamers in the world'

Foxconn subsidiary to buy Belkin International for $866 million

Mar 27, 2018 - 2:22 PM

FIT Hon Teng says its merger with Belkin will give it access to the company's sales networks, technology, and production capabilities, along with more than 700 patents.

BELKIN. FIT Hon Teng will acquire Belkin for $866 million through a merger. Photo from Shutterstock.

U.S. drugstore chain CVS to buy medical insurer Aetna for $69B

Dec 04, 2017 - 9:02 AM

The merger between CVS and Aetna comes amid rising medical costs for many citizens and employers, including prescription medicines

PHARMA GIANT. In this file photo, a sign is posted on the exterior of a CVS store on June 15, 2015 in San Francisco, California. Justin Sullivan/Getty Images/AFP

U.S. sues to block $85-B AT&T-Time Warner merger

Nov 21, 2017 - 7:06 AM

'This merger would greatly harm American consumers,' says Makan Delrahim, head of the US Justice Department's antitrust division

(COMBO) This combination of pictures created on October 21, 2016 shows AT&T cellphone store in Springfield, Virginia, on October 23, 2014, and the Time Warner company logo on the front of the headquarter building, 24 November, 2003, in New York. Saul Loeb and Stan Honda/AFP

Google to buy part of Taiwan smartphone maker HTC for $1.1B

Sep 21, 2017 - 11:28 AM

(UPDATED) The agreement will give Google more control of its mobile handset hardware as it seeks to bolster its presence in a market dominated by Apple and Samsung

This photo taken on June 6, 2014 shows a man walks past a billboard showing the latest HTC M8 smartphone in Taipei. Sam Yeh/AFP

Jollibee eyeing British food chain Pret a Manger – report

Sep 19, 2017 - 12:47 PM

Jollibee is reportedly in talks for a possible $1-billon takeover of British sandwich chain Pret a Manger

STRANGE COMBINATION. Jollibee, homegrown fast food chain popular for its fried chicken and sweet-style spaghetti, is reportedly looking at acquiring Pret A Manger, a British company known for its organic coffee and fresh sandwiches. File image

PSE plans to offer more shares to bring PDS merger closer

Aug 02, 2017 - 9:51 PM

The operator of the country’s stock exchange also announces a net income drop of 7 to P345 15 million for the 1st half of this year

Phoenix Petroleum seeks $126-M acquisition of Petronas Energy, Duta

Jul 06, 2017 - 9:25 PM

Before acquiring the two firms Phoenix Petroleum must secure the approval of the Philippine Competition Commission

ACQUIRE MORE. This comes after Phoenix and PDB (Netherlands) BV signed an MOU on planned 100% share acquisition of PEPI and its affiliate, Duta. Image from Phoenix Petroleum

MVP group still keen on GMA-7 stake

Jun 12, 2017 - 8:30 AM

We are open anytime but the offer must be acceptable to us says Manuel V Pangilinan

REVIVAL? Manuel Pangilinan, however, clarifies that as of June 9 this year, there are "no discussion yet" between his and Gozon's groups. Photo by Martin San Diego/Rappler

Global Business Power to acquire 50% stake in Alsons

Jun 05, 2017 - 3:50 PM

Through its deal with the Alsons group Global Business Power will now reach the Mindanao market

STRATEGIC ALLIANCE. Under the agreement, Global Business Power will acquire a 50% stake in Alsons Thermal Energy Corporation (ATEC) – the holding company for ACR’s baseload coal-fired power plant assets. Rappler file photo

Ayala Corp takes 43.3% stake in Zalora PH

Feb 23, 2017 - 9:35 PM

This acquisition is part of Ayala s strategy to invest in innovative businesses especially in the digital space

Kraft Heinz withdraws $143B takeover bid for Unilever

Feb 20, 2017 - 7:13 AM

Strong resistance from Unilever reportedly persuades Kraft Heinz to back out

GLOBAL BRAND. A picture taken on June 5, 2015 shows employees walking pass the logo of Unilever at the headquarters in Rotterdam. John Thys/AFP

MVP open to reviving talks with GMA

Dec 24, 2016 - 11:15 AM

Manuel V Pangilinan reacts to GMA Network s major shareholders pronouncement that they are open to selling their shares at the right price

SIGNALS INTEREST. 'It is too late to do anything for 2016, but we're always open. A lot of it depends really on how our numbers would look like for 2017,' PLDT President and CEO Manuel V. Pangilinan says. Rappler file photo

Gozon open to sell GMA's controlling stake in 2017

Dec 17, 2016 - 1:55 PM

The GMA Network chief says his camp and the Duavit and Jimenez groups are willing to sell all their shares if the price is right

VERGE OF TAKING OFF. 'We are willing to sell all,' GMA Chairman Felipe Gozon (3rd from left) says. In the photo are GMA executives. Photo by Chrisee Dela Paz/Rappler

Asahi says paying $7.7B for AB InBev's eastern European business

Dec 14, 2016 - 9:49 AM

The takeover – also the largest by a Japanese beer company – includes popular Czech beer Pilsner Urquell and other businesses in Hungary Poland Romania and Slovakia

In this photo illustration, bottles of Pilsner Urquell from the Czech Republica are seen on December 13, 2016 in Miami, Florida. Joe Raedle/Getty Images

Jollibee divests in San Pin Wang for P650M

Dec 13, 2016 - 4:35 PM

Jollibee says the divestment is in line with its plan to focus on building its Yonghe King business its largest venture in China

IMPORTANT MARKET. Jollibee's China operations has been on a decline due to stiff competition. China is one of the most important overseas markets for Jollibee outside the Philippines. Rappler file photo

AT&T deal: Merger for new media era or a bad remake?

Oct 24, 2016 - 9:33 AM

Analysts say the deal faces multiple challenges including winning regulatory clearance for a massive merger affecting tens of millions of consumers and successfully combining two different kinds of companies one in content and the other in delivery

People walk past an AT&T store in New York on October 23, 2016. Kena Betancur/AFP

AT&T eyes new media future with mega-deal for Time Warner

Oct 23, 2016 - 7:23 AM

UPDATED A union of the two media titans – together worth more than 300 billion in market value – is certain to face tough scrutiny from antitrust regulators because of potential ripple effects across media platforms

(COMBO) This combination of pictures created on October 21, 2016 shows AT&T cellphone store in Springfield, Virginia, on October 23, 2014, and the Time Warner company logo on the front of the headquarter building, 24 November, 2003, in New York. Saul Loeb and Stan Honda/AFP

Bayer sets $66B deal for Monsanto after lengthy pursuit

Sep 14, 2016 - 9:40 PM

UPDATED Regulators and Monsanto shareholders still have to approve the deal which environmentalists criticize as a marriage made in hell

(COMBO) This combination of file pictures created on September 14, 2016 shows the logo of German pharmaceutical giant Bayer (L, on September 8, 2016 in Leverkusen) and the logo of Monsanto at it's Belgian manufacturing site and operations centre (on May 24, 2016 in Lillo near Antwerp).  German pharmaceutical and chemical group Bayer is preparing to increase its takeover offer for US seeds and pesticides giant Monsanto for a fourth time, a report said on September 13, 2016. / AFP PHOTO / Patrik STOLLARZ AND John THYS

Mondelez drops merger plans with Hershey

Aug 30, 2016 - 6:52 AM

The announcement comes nearly two months after Hershey the maker of Reese s Peanut Butter Cups and Hershey s Kisses rejected a 23 billion takeover offer from Mondelez

MONDELEZ BID. Hershey's chocolate bars for sale in Chicago, Illinois on July 15, 2014. File photo by Scott Olson/AFP

Bayer CEO invites environmental groups to discuss Monsanto bid

May 29, 2016 - 6:00 PM

Environmental groups fear the possible merger of Bayer and Monsanto would lead to Monsanto s genetically modified crops being marketed in Europe

epa05324526 (FILE) A file picture dated 06 March 2006 shows the headquarters of the German multinational chemical and pharmaceutical company Bayer AG in Leverkusen, Germany. According to media reports on 23 May 2016, Bayern AG announced a 62 billion US dollar cash offer, 122 US dollar per share, including debt, to buy US multinational agrochemical and agricultural biotechnology corporation Monsanto Co. The American multinational biotechnology company Monsanto released earlier on 19 May 2016, a statement in which the company disclosed that they had received a takeover bid by the German pharmaceutical and chemical group. EPA/OLIVER BERG

Monsanto: $62B Bayer bid too low, but open to talks

May 25, 2016 - 12:00 PM

Monsanto says the Bayer proposal is incomplete and financially inadequate but it is willing to have continued and constructive conversations

epa05324524 (FILE) A file picture dated 21 October 2003 shows the logo of German multinational chemical and pharmaceutical company Bayer AG shining above the company's plant in Leverkusen, Germany. According to media reports on 23 May 2016, Bayern AG announced a 62 billion US dollar cash offer, 122 US dollar per share, including debt, to buy US multinational agrochemical and agricultural biotechnology corporation Monsanto Co. The American multinational biotechnology company Monsanto released earlier on 19 May 2016, a statement in which the company disclosed that they had received a takeover bid by the German pharmaceutical and chemical group. EPA/OLIVER BERG

Bayer targets Monsanto in biggest-ever German takeover bid

May 23, 2016 - 2:14 PM

4th UPDATE Germany s Bayer offers 62 billion for US agriculture group Monsanto

This file photo taken on July 24, 2013 shows a logo of German pharmaceuticals and chemicals giant Bayer on an overpass at its Berlin headquarters. John MacDougall/AFP

Bayer, Monsanto in merger talks

May 19, 2016 - 7:48 PM

Bayer executives recently met with executives of Monsanto to privately discuss a negotiated acquisition of Monsanto Company

This file photo taken on July 24, 2013 shows a logo of German pharmaceuticals and chemicals giant Bayer on an overpass at its Berlin headquarters. John MacDougall/AFP

Taiwan's Hon Hai seals Sharp takeover for $3.5B

Mar 30, 2016 - 4:48 PM

3rd UPDATE It is the first foreign acquisition of a major Japanese electronics firm and comes after weeks of delays

FoxConn (Hon Hai) logo at their headquarters in Taiwan, and Sharp logo at the company's offices in Japan. File photos by EPA

UCPB wants new investor as soon as possible

Feb 04, 2016 - 7:27 PM

We ve been running with insufficient capital since 1986 says UCPB official Ildefonso Jimenez

RIGHTFUL OWNERS. The High Court says the proceeds of the UCPB shares are 'to be used only for the benefit of all coconut farmers and for the development of the coconut industry.' File photo by Gil Nartea/Malacañang Photo Bureau

Ayala Land raises stake in Malaysia's MCT Bhd

Oct 16, 2015 - 5:14 PM

The property firm raises its stake to 32 95 for 92 million in the Malaysian development and construction firm

HIKE. From the current 9.16%, Ayala Land Inc hikes its stake to 32.95% for $92 million in Malaysia's MCT Bhd

PSE hopes to acquire 95% of PH Dealing System Holdings

Oct 06, 2015 - 5:44 PM

PSE is waiting to secure relief from the Securities and Exchange Commission before proceeding with the purchase of a majority stake in PDSHC

BUYOUT. The buyout by Philippine Stock Exchange of Philippine Dealing System Holdings Corporation's shareholders will finally pave the way for the merger of the equities and fixed-income exchanges.

Ayala Land hikes stake in Malaysian firm

May 12, 2015 - 5:28 PM

The property developer raises its stake to MCT Bhd to as high as 32 95 from current 9 16 ownership in the firm

Nokia says it is in talks to buy all of Alcatel-Lucent

Apr 14, 2015 - 3:33 PM

UPDATED The purchase would represent a significant boost in market share for Nokia

Main entrance of Alcatel-Lucent Headquarter, in Paris, France, 06 February 2014. Christophe Karaba/EPA

Royal Dutch Shell in $70B takeover of rival BG Group

Apr 08, 2015 - 4:13 PM

Royal Dutch Shell and British rival BG Group consolidate in a sector battered by sliding oil prices

A file picture dated 15 May 2013 shows the Shell logo at a Shell petrol station in London, Britain. Andy Rain/EPA

Ayala Land marks first venture in ASEAN region

Apr 07, 2015 - 7:50 AM

The country’s leading property developer acquires 9 16 interest in Malaysia’s GW Plastics Holdings Berhad

Holcim Philippines eyes Lafarge Republic’s assets

Oct 28, 2014 - 5:04 PM

Lafarge Republic’s major shareholders say they are interested to sell their shares as the global merger of the firms is set to be completed by the first half of 2015

Lenovo signals 'global ambitions' with Motorola deal

Feb 02, 2014 - 11:46 AM

Lenovo s 2 3 billion purchase of IBM s low end server business and its 2 91 billion acquisition of Motorola from Google are evidence of the Chinese tech giant s global ambitions

CHINESE TECH BEHEMOTH. A Lenovo logo seen behind a sculpture at the company's office in Shanghai, China on 15 January, 2009. Qilai Shen/EPA

Sony rejects hedge fund's spinoff proposal

Aug 06, 2013 - 9:25 AM

UPDATE Sony says its board had unanimously decided to reject a US hedge fund s proposal to spin off part of its profitable entertainment arm

A sign is seen atop the headquarters building of Japan's electronics giant Sony Corp. in Tokyo, 21 June 2007. Photo by AFP / Kazuhiro Nogi

AirAsia, Tata joint venture takes-off by end-2013

Feb 22, 2013 - 11:34 AM

Asia s biggest low cost carrier AirAsia is in a new joint venture with India s giant tea to steel Tata conglomerate

ASIAN GIANTS. Budget carrier AirAsia and India's Tata forge a joint venture deal. Photo by KD Suarez

Berkshire, 3G buy ketchup maker Heinz in $28-B deal

Feb 15, 2013 - 9:55 AM

Billionaire Warren Buffett s investment powerhouse Berkshire Hathaway and Brazilian led 3G Capital announce they would take over venerable US ketchup maker Heinz in a deal worth US 28 billion

FOOD GIANT. Warren Buffett's Berkshire Hathaway and 3G Capital gobbles food giant Heinz. Photo by AFP

American Airlines, US Air to form largest US carrier

Feb 15, 2013 - 9:50 AM

American Airlines and US Airways announce a long expected merger that would create the largest US airline giving them more weight in an industry that has steadily consolidated in recent years

BIGGEST AIRLINE. The merger of American Airline and US Airways is the latest in the global industry consolidation and creates the biggest carrier in the US. Photo by AFP

2012: A horrible year for MVP

Dec 31, 2012 - 6:15 PM

The year 2012 is marked by breakups and makeups for Manuel V Pangilinan the head of the country s largest infrastructure group leading telecommunications firm top power retailer and biggest gold producer

India's Hinduja 'close' to $1-B deal to buy US chemical firm

Nov 03, 2012 - 5:58 PM

India s Hinduja Group is close to acquiring US oils and chemicals firm Houghton for 1 1 billion as the family owned conglomerate seeks a tie up for its lubricants business a report said Saturday

Gokongwei: We're not interested in PAL

Jan 24, 2012 - 3:24 PM

The majority owners of budget carrier Cebu Pacific Air are not interested in buying a stake in legacy carrier Philippine Airlines PAL which is for sale

Digitel minority owners complain PLDT paid Gokongweis more

Jan 04, 2012 - 7:35 PM

Four Digitel shareholders complain PLDT paid them P1 60 per share while the Gokongweis got P21 12