FT acquires controlling stake in Longitude
The Financial Times has acquired a controlling stake in Longitude, a seven-year-old company that provides services to a multinational companies. Terms were not disclosed. Longitude’s product offering include services such as surveys, interview programs, data modelling and desk research, and thought leadership campaigns, which include reports, articles, opinion pieces, visual and interactive content. “Longitude’s professional […]
Coverage: American icon Xerox selling to Fujifilm for $6.1 billion
Xerox, the company that pioneered copy machines, the computer mouse and other office technology, will come under the Japanese company Fujifilm’s control in a $6.1 billion deal. Emily Sullivan of National Public Radio had the story: Fujifilm and Xerox established the Fuji Xerox joint venture in 1962. Fujifilm owns 75 percent of that joint venture. In […]
Thomson Reuters agrees to deal with group led by Blackstone
A group led by Blackstone Group LP agreed to buy a majority stake in Thomson Reuters Corp.’s financial and risk unit in a deal that values the business at $20 billion. Melissa Mittelman of Bloomberg News reported, “Thomson Reuters said it will receive about $17 billion in proceeds, consisting of $3 billion from the Blackstone-led group and $14 […]
Reuters parent in talks to sell big division
U.S. private equity firm Blackstone Group LP is in advanced talks to buy an approximate 55 percent stake in the Financial and Risk business of Thomson Reuters Corp., reports Pamela Barbaglia of Reuters. Barbaglia reports, “Thomson Reuters’ board, the sources said, is expected to meet on Tuesday to discuss Blackstone’s offer for the F&R business, which supplies […]
Coverage: Keurig maker to combine with Dr Pepper Snapple
Dr Pepper Snapple Group is merging with Keurig Green Mountain to create beverage giant with an estimated $11 billion in annual revenues, the companies said Monday. Kevin McCoy and Zlati Meyer of USA Today had the story: The deal brings together some of the soft drink and juice world’s best known names — Dr Pepper, 7UP, Snapple, A&W, Mott’s, Sunkist and […]
Coverage: Bacardi buying Patron for $5.1 billion
Bacardi Ltd. said on Monday it would buy high-end tequila maker Patron Spirits International AG in a $5.1 billion deal, hoping to become the second largest spirits company in the United States by market value. Kirsten Korosec of Fortune had the news: Bacardi is a privately held company that has owned a 30% stake in Patrón […]
Coverage: ADM seeks to purchase ag trader Bunge
Archer-Daniels-Midland Co. sought merger talks with Bunge Ltd., potentially setting up a battle for control of the giant agricultural trader with Glencore Plc. Javier Blas and Simon Casey of Bloomberg News had the story: ADM’s recent approach was preliminary and it’s unclear whether a deal can be done, said the person, who asked not to be identified because the talks are […]
Coverage: Nestle to sell U.S. candy business to Ferrero
Swiss food company Nestle has agreed to sell its U.S. confectionery business to Italy’s Ferrero for $2.8 billion, marking CEO Mark Schneider’s first big sale and a small step on its path toward healthier products. Martine Geller and Francesca Landini of Reuters had the news: Nestle, the world’s biggest packaged-food company, has cited the unit’s weak position in the […]
Mergermarket seeks M&A reporter in London
Mergermarket, a market-leading global financial business intelligence service, is looking for a full-time journalist to cover the Consumer and Retail sectors from its London office. The candidate will work within Mergermarket’s editorial equities division and help cover mergers and acquisitions (M&A) of consumer and retail companies. The role involves interviewing senior executives and other sources […]
Coverage: Celgene to buy cancer drugmaker for up to $7 billion
Celgene Corp. agreed to buy Impact Biomedicines for $1.1 billion to gain an experimental blood cancer treatment, but the price could reach as much as $7 billion if the drug reaches certain milestones. Cecile Daurat of Bloomberg News had the story: Under the agreement, Celgene will add up to $1.25 billion to the upfront payment if Impact’s […]
