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Deals of the Day: ISS Wary of Banana Deal, Next Round of Grocer Bids
2014-09-05 15:48:43| Grocery - Topix.net
Deals of the Day is your one-stop-shop for the morning's biggest news from the finance beat, including M&A, IPOs, banks, hedge funds and private equity. Here's what's happening today: Institutional Shareholder Services Inc. is urging Chiquita's shareholders to vote to adjourn the Sept.
Exclusive: Electrolux near $2.5 billion-plus deal to buy GE unit: sources
2014-09-04 19:20:25| Appliances - Topix.net
Sweden's Electrolux AB is near a deal to buy General Electric Co's iconic appliance business for more than $2.5 billion, in a move that would significantly expand its reach in North America, people familiar with the matter said. The companies are hammering out final terms of a deal and could announce their agreement as soon as next week, the people said on Thursday, asking not to be named because the matter is not public.
Exclusive: Electrolux Near $2.5 Billion-plus Deal To Buy GE Unit - Sources
2014-09-04 19:20:24| Appliances - Topix.net
Sweden's Electrolux AB is near a deal to buy General Electric Co's iconic appliance business for more than $2.5 billion, in a move that would significantly expand its reach in North America, people familiar with the matter said. The companies are hammering out final terms of a deal and could announce their agreement as soon as next week, the people said on Thursday, asking not to be named because the matter is not public.
Virgin Atlantic to add flights to Atlanta, other cities through Delta deal
2014-09-04 14:05:03| Apparel - Topix.net
Virgin Atlantic has seen a boost in sales due to the England-based carrier's partnership with Delta Air Lines, Inc Virgin Atlantic Airways Ltd. will add flights to the U.S. as the airline works to deliver better financial results through the carrier's partnership with Atlanta-based Delta Air Lines Inc. England-based Virgin Atlantic said Wednesday it will "start serving Detroit from London Heathrow, add additional flights to New York and Los Angeles, with extra seasonal flights to other markets, including Delta's Atlanta hub," reports The Wall Street Journal. Virgin will also spend $496.4 million on customer-related investments such as a new lounge in Los Angeles and Wi-Fi through its fleet, the paper said.
Public scrutiny of $4 bn Sun Pharma-Ranbaxy Laboratories deal starts
2014-09-04 11:58:29| Chemicals - Topix.net
CCI had asked the Sun Pharma and Ranbaxy on August 27 to make public specific details of their proposed merger. In the first-ever public scrutiny of an M&A deal in India, fair trade watchdog CCI today invited comments from all stakeholders, including general public, on finer details of USD 4-billion merger of Ranbaxy Laboratories Ltd into rival drugmaker Sun Pharmaceutical Industries .
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