The Kraft Heinz Company on Thursday reported its fourth-quarter earnings that outstripped analysts' estimate. The company also declared a quarterly dividend of $0.575 per common share.
Tags: Mergers & acquisitions
US Steel Shareholders Approve Sale of the Iconic American Firm to Japan's Nippon Steel Despite Joe Biden's Opposition
US Steel shareholders have overwhelmingly approved the firm's sale to Japan's Nippon Steel for a cash payment of $14.1 billion.
GeneChip Company, Affymetrix rejects offer from Origin Technologies
Affymetrix said its Board has rejected an offer from Origin Technologies, which was aimed to disrupt its potential sale to Thermo Fisher.
Pfizer chief Ian Read's pay falls 23%
Pfizer said that net compensation of chief executive officer Ian Read declined 23% in 2015 driven by a drop in stock awards. The chief's net compensation amounted to $18 million in 2015.
Silicon Valley Bank report says more UK start-ups prefer acquisition than IPOs
Silicon Valley Bank report shows 59% of UK start-up heads chose to be acquired rather than seek IPOs. Many UK executives consider hiring labours to be more challenging than other business issues.
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The EFG International announced its intention to purchase the BSI Ltd in a deal worth about $1.34 billion. The deal will make EFG a leader in the private banking industry.
Just Eat said that it has agreed to purchase Rocket Internet's businesses in Italy and Spain as well as Mexican and Brazilian arms from Foodpanda. The company believe that the acquired assets will help it to broaden its vision.
Cisco announced its intention to purchase Jasper Technologies, a provider of cloud service for internet-powered devices, for $1.4 billion. The merger will enable Cisco to provide a full IoT solution which is inter-operable through devices and coordinates with application developers and IoT service providers.
Abbott said that it has signed a definitive deal to acquire Alere for a net value of $5.8 billion in cash. Abbott expects the acquisition to be immediately accretive to its earnings per share upon completion.
Two big names, Wesfarmers and Sainsbury's, are vying for the Home Retail deal, despite warnings sent out by the seller itself regarding low profit expectations. While the deal seems to be in favor of Wesfarmers, Sainsbury's is not out of the picture yet.
Communications equipment maker Comtech Telecommunications Corp said on Monday it is exploring strategic alternatives, including a possible merger or sale of the company, confirming a Reuters report earlier in the day.
Facebook Inc is developing its own video-chat app, known internally as Slingshot, after its failed attempt to acquire mobile messaging startup Snapchat, the Financial Times reported on Sunday.
Dover Corp acquired industrial manufacturer Finder SpA for USD145 million. Dover Corp recently finalized a deal to purchase industrial company Finder SpA for USD145 million.
Stinger Medical and Enovate merge to become the biggest provider of transportable clinical workplace in the US.
