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Broadcom confirms takeover of Brocade for USD 5.9 bln
2016-11-02 13:06:00| Telecompaper Headlines
(Telecompaper) Broadcom has confirmed an agreement to acquire Brocade for USD 5.9 billion, expanding its position in the Fiber Channel SAN market. The company is offering USD 12.75 per share cash for Brocade and will also assume USD 0.4 billion in debt. The bid is a 47 percent premium on Brocade's share price of 28 October, the day before reports first emerged of a possible deal. The takeover is focused on acquiring Brocade's Fiber Channel business, as Broadcom plans to sell Brocade's IP Networking business.
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Tesla boss Musk 'optimistic' on SolarCity takeover
2016-11-02 02:16:21| BBC News | Business | UK Edition
Tesla founder Elon Musk backs shareholders to approve its $2.6bn (2.1bn) deal for solar panel company SolarCity.
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tesla
It's a Good Hair Day for Coty with 420m GHD takeover
2016-10-17 16:34:12| BBC News | Business | UK Edition
British hair straightener maker GHD is being sold to an American beauty firm behind brands including Wella and Clairol. for 420m.
Tyrrells crisps takeover creates 'hundreds of new jobs'
2016-10-16 13:48:03| BBC News | Business | UK Edition
Hundreds of new jobs will be created by upmarket snack firm Tyrrells following its takeover by a US firm, its managing director says.
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Verizon says Yahoo breach could affect takeover deal
2016-10-14 09:59:00| Telecompaper Headlines
(Telecompaper) Verizon Communications said its USD 4.83 billion acquisition of Yahoo could be affected by evidence of the massive data breach of email accounts, Reuters reported, citing Verizon general counsel Craig Silliman at a roundtable in Washington. The data breach could trigger a clause in the deal that would allow Verizon to pull out. "I think we have a reasonable basis to believe right now that the impact is material and we're looking to Yahoo to demonstrate to us the full impact. If they believe that it's not then they'll need to show us that," Silliman said, declining to comment on whether talks are under way to renegotiate the purchase price.
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