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Chinese group-buy startups Meituan, Dianping ink merger deal
2015-10-08 08:50:00| Telecompaper Headlines
(Telecompaper) Chinese group-buy startups Meituan.com and Dianping.com, separately backed by Alibaba Group and Tencent respectively, have signed a merger agreement, Bloomberg reported, adding that the two will now pool resources and cease their margin-eroding price war. Under the agreement, Meituan CEO Wang Xing and Dianping CEO Zhang Tao will run the new company as co-chairmen and co-CEOs. The deal creates a dominant player in China's online-to-offline services market, as consumers increasingly use smartphones and tablets to book everything from hotel rooms to car rides to grocery deliveries. The alliance will have as competitor search company Baidu, which is investing USD 3.2 billion over three years on its own provider of local services.
UIL reenergizes merger deal
2015-09-15 04:54:48| Energy - Topix.net
The New Haven-based parent of United Illuminating notified investors it had reached the outline of agreement with the Office of Consumer Counsel on its proposed merger with Iberdrola, with plans to seek approval from Connecticut regulators who had scotched the $3 billion deal in June. In a Securities and Exchange Commission filing, UIL and Iberdrola sa id they had "reached an agreement in principle that they intend to reflect in a mutually agreeable settlement agreement," in the company's words, with the federal Office of Consumer Counsel that would resolve all issues OCC had with the pending merger application.
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Farm, Consumer and Competition Groups Oppose JBS-Cargill Pork Merger; Deal Would Concentrate Buyer and Seller Power in Pork Industry
2015-07-30 19:08:27| National Farmers Union
FOR IMMEDIATE RELEASE Washington, D.C. Today, American Antitrust Institute, Food & Water Watch, Iowa Farmers Union, Missouri Rural Crisis Center and National Farmers Union demanded that the U.S. Department of Justice (DOJ) investigate the proposed JBS-Cargill pork packing acquisition. The proposed $1.45 billion acquisition would create the second largest pork processing company in the U.S. The
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Report: UnitedHealth pitches merger deal to Aetna
2015-06-16 16:35:58| Beverages - Topix.net
The Wall Street Journal reports that Minnetonka-based UnitedHealth , the industry's biggest player by revenue, has approached rival Aetna in the market about a possible merger that could be valued at more than $40 billion. The offer is just one of a series of mega-merger proposals bouncing around the insurance industry in the past few weeks.
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Foreign investors emerge as Samsung merger deal breakers
2015-06-09 16:38:12| Semiconductors - Topix.net
Foreign investors of Samsung C&T have emerged as a challenger against the merger plan with another Samsung affiliate Cheil Industries. While U.S.-based hedge fund Elliott, Samsung C&T's biggest foreign investor with a 7.12 percent stake, is seeking allies to veto the merger at the July 17 shareholders meeting, Samsung managers are striving to call in its friends in order to secure what they call "managerial rights."
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