Both banks have cited growing risks which impact synergy as reasons for calling off the merger. On Thursday, Deutsche Bank and Commerzbank stated, they have ended their merge talks. The announcement has cited restructuring costs, execution risks, and capital requirements,… Read More ›
GE had provided the misleading data during its bid to acquire Danish rotor blade maker LM Wind in 2017. The European Commission has levied a fine of $58.4 million (52 million euros) on U.S. conglomerate General Electric for providing misleading… Read More ›
UniCredit’s bid for Commerzbank AG is despite the fact that the latter is negotiating merger talks with Deutsche Bank. UniCredit aims to merger Commerzbank with its HypoVereinsbank. On Thursday, as per a report by the Financial Times, UniCredit SpA is… Read More ›
According to two sources with knowledge of the matter at hand, “As of today there is definitely no date when a decision will be taken on whether the discussions will proceed.” According to two sources familiar with the matter at… Read More ›
The development marks the end of a more than two month takeover battle designed to build scale in the consolidating transport sector. On Monday, Swiss freight forwarder DSV A/S disclosed, it will be acquiring Panalpina in a $4.62 billion (4.6… Read More ›
If all goes well with the potential deal, worth possibly more than $1 billion, an announcement could be made later this month. According to sources familiar with the matter at hand, Principal Financial Group Inc is in advanced talks to… Read More ›
Disney has agreed to divest the local rights for the Fox Sports channel in Brazil to a buyer at no additional costs. In a significant development, Brazil’s antitrust regulator, CADE stated, Walt Disney Co has accepted its demand to sell… Read More ›
A major shareholder common to both banks is open to the idea of their merger. But question is, can they both turnaround on their own? On Wednesday, Cerberus, a U.S. investor which has a major stake in Germany’s Commerzbank and… Read More ›
Judge Richard Leon will have to either sign the deal or could possibly hold a hearing to allow critics to raise their concerns. The U.S. Justice Department has formally asked a U.S. judge to approve to allow CVS Health Corp’s… Read More ›
Broadcast TV stations are appealing to private equity because of the cash-rich fees they generate from being carried by cable operators. According to sources familiar with the matter at hand, Apollo Global Management LLC is close to sealing a nearly… Read More ›
