Fiat Chrysler Automobiles (FCA) ha retirado la propuesta de una fusión de €33 mil millones de euros con Renault de Francia, echando abajo planes para crear lo que habría sido el tercer mayor fabricante de automóviles del mundo. FCA dijo en un comunicado que “sigue firmemente convencida en la razón convincente y transformadora”, pero que […]
French bank BNP Paribas Monday, May 20, announced it appointed banker Bruno Villard as head of merger and acquisitions for Europe, Middle East, and Africa. Villard, who has 20 years of experience in merger, acquisition, and financing, was most recently head of merger and acquisition in the energy, natural resources, and transport industries, the bank […]
Chile’s National Economic Prosecutor’s Office (FNE) has approved the merger of the Bizarro Producciones group and the Fidelitas Group, controller of the Movistar Arena events hall. Following the agreement Bizarro would add its business experience conducting events and festivals in Chile. Grupo Fidelitas operates different segments of the entertainment industry, including managing the Movistar […]
The European Commission has conditionally approved the acquisition of Armstrong World Industries’ ceilings business outside the Americas (“Armstrong”) by Knauf. Both companies are active in the production and supply of modular suspended ceilings. Knauf and Armstrong are two of the main suppliers of modular suspended ceilings in Europe. Modular suspended ceilings allow for flexible access […]
A Brazilian federal court has temporarily blocked a US$4.75 billion joint venture between Boeing and Embraer until the incoming government takes office. The two aerospace companies announced their intentions in July to create a merger to run Embraer’s commercial aviation business. The deal would result in Boeing holding 80% of the resulting company and Embraer […]
Federal Appeals Court judges Thursday, December 6, questioned lawyers representing the Department of Justice (DOJ) about the government’s economic concerns regarding AT&T’s US$85 billion acquisition of Time Warner. The DOJ’s Antitrust Division filed an appeal of a district court judge’s June approval of the merger that resulted in the formation of WarnerMedia—citing the deal would […]
Reed Smith is aiming to move its Europe and Middle East arm to an alternative business structure, or ABS, by early next year, as the Pittsburgh-based firm also considers a domestic merger to bolster its coverage in the United States. Above the Law reveled that the global firm was considering converting its Europe and Middle […]
Chile’s Constitutional Court on Monday, October 22, delayed to Thursday a hearing into the contested sale of local lithium miner SQM to Chinese firm Tianqi. The court’s president said an “extraordinary session” would decide whether to hear in full a complaint by SQM’s majority shareholder that the country’s antitrust court failed to follow due process […]
Billionaire investor Carl Icahn agreed to sell St. Charles-based American Railcar Industries for US$1.34 billion, quintupling his investment as a freight boom spurs a rebound in demand for rail equipment. Icahn Enterprises agreed to sell the maker of tank and hopper cars on October 19, to a subsidiary of hedge fund ITE Management. The deal […]
Caesars has reportedly rejected an offer from the owner of the Golden Nugget, according to the New York Post. Caesars’ board is expected to unanimously reject Golden Nugget owner Tilman Fertitta’s deal as soon as this week, believing it would saddle the casino giant with too much debt, two sources close to the situation told […]