The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksREX.L Share News (REX)

  • There is currently no data for REX

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EU mergers and takeovers (June 16)

Tue, 16th Jun 2015 18:20

BRUSSELS, June 16 (Reuters) - The following are mergersunder review by the European Commission and a brief guide to theEU merger process:

APPROVALS AND WITHDRAWALS

-- PRS for Music Ltd (PRSfM), Foreningen Svenska TonsattaresInternationella Mysikbyra (Stim) and Gesellschaft fürmusikalische Aufführungs- und mechanischeVervielfältigungsrechte (Gema) to set up a joint venture toadminister mechanical and performing rights (approved June 16)

-- German drugs and chemicals maker Merck KGaA toacquire U.S. peer Sigma-Aldrich (approved June 15)

NEW LISTINGS

-- U.S. drinks can maker Ball Corp to acquireBritish rival Rexam Plc (notified June 15/deadline July20)

-- U.S. drugmaker Pfizer to acquire U.S. peerHospira (notified June 15/deadline July 20)

-- Australian drugmaker CSL to acquire Swissdrugmaker Novartis' influenza vaccines business(notified June 12/deadline July 17)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

JUNE 19

-- Finnish energy company Stl to acquire joint control ofaviation Fuelling Service Norway AS, which is part of oilproducer Royal Dutch Shell Keele Oy (notified May12/deadline June 19)

JUNE 22

-- Singapore's Flextronics to acquire Frenchtelecoms company Alcatel-Lucent's Italian assets(notified May 13/deadline June 22/simplified)

-- U.S. telecoms equipment maker CommScope Holding Co Inc to buy Swiss electronics firm TE Connectivity's networkgear business BNS (notified May 13/deadline June 22)

JUNE 23

-- German car parts maker Mahle Behr to acquire U.S. carparts maker Delphi's Thermal Systems unit (notified May18/deadline June 23)

JUNE 24

-- Public Sector Pension Investment Board and OntarioTeachers' Pension Plan Board to jointly acquire Tonopah SolarEnergy Holdings (notified May 19/deadline June 24/simplified)

JUNE 26

-- Private equity firm Permira and investment fund CanadaPension Plan Investment Board to jointly acquire U.S. softwarecompany Informatica (notified May 21/deadline June26/simplified)

-- DCC Holding A/S, which is a subsidiary of Irish companyDCC Plc, and DLG Service A/S, which is unit of Danishcooperative DLG Group, to combine their Danish energy businesses(notified May 21/deadline June 26)

JUNE 29

-- French shipping company CMA CGM to acquireOldenburg-Portugiesische Dampfschiffs-Rhederei GmbH & Co. KG,which is a unit of the Bernhard Schulte GmbH & Co KG (notifiedMay 22/deadline June 29)

-- French investment fund LBO France to acquire control ofclothing retailer IKKS (notified May 22/deadline June29/simplified)

-- Canada Pension Plan Investment Board to acquire jointcontrol of British port operator ABP together withinfrastructure investor Borealis and Singapore state-ownedinvestment vehicle GIC Pte Ltd (notified May 22/deadline June29/simplified)

JUNE 30

-- U.S. investment firm Centerbridge Partners L.P. toacquire Italian lender Banca FarmaFactoring S.p.A (notified May26/deadline June 30/simplified)

JULY 1

-- British Airways-owner IAG's to acquire a25-percent stake in Irish airline Aer Lingus (notifiedMay 27/deadline July 1)

-- China National Chemical Corp to acquire Italian tyremaker Pirelli (notified May 27/deadlineJuly 1)

JULY 2

-- British meat producer Dawn Meats to acquire a 49 percentstake in French meat producer Elivia which is only wholly ownedby agricultural cooperative Terrena (notified May 28/deadlineJuly 2/simplified)

JULY 8

-- Aberdeen Infrastructure to acquire a stake in a hospitalconcession from Globalvia Infraestructuras (notified June3/deadline July 8)

-- Private equity firm Pamplona Capital Management to buypet food supplier Partner in Pet Food Holdings (notified June3/deadline July 8/simplified)

-- U.S. investment company OpenGate Capital Group Europe toacquire chemicals producer Kem One Innovative Vinyls (notifiedJune 3/deadline July 8)

-- Meat products group Danish Crown to acquire Danish peerTican (notified June 3/deadline July 8)

JULY 10

-- RTL Nederland Ventures, which is part of Germanpublishing group Bertelsmann group, to acquire joint control ofDutch advertiser Reclamefolder nl B.V. (notified June 5/deadlineJuly 10/simplified)

-- U.S. trading group Castleton Commodities International toacquire Morgan Stanley's physical oil business (notifiedJune 5/deadline July 10/simplified)

JULY 17

-- U.S. private equity firm KKR plan to buycontrolling stake in Ursa Insulation Holding BV from Spanishbuilding materials group Uralita (notified June12/deadline July 17/simplified)

-- U.S. private equity firm Platinum Equity plan to buyaviation company Worldwide Flight Services Global Holding(notified June 12/deadline July 17/simplified)

JULY 24

-- German conglomerate Siemens to purchase U.S.oilfield equipment maker Dresser-Rand Group Inc (notified Jan. 9/deadline July 24)

AUG 6

-- Commodities trader Cargill to buy rival ArcherDaniels Midland Co's global chocolate business (notifiedJan. 19/deadline Aug. 6/Cargill offers concessions on May 22)

AUG 21

-- U.S. conglomerate General Electric to acquire mostof French engineering group Alstom's power equipmentbusiness (notified Jan. 19/deadline extended for the third timeto Aug. 21 from Aug. 6)

SEPT 2

-- Norwegian telecoms company Telenor and Swedishpeer TeliaSonera to combine their Danish mobilebusinesses (notified Feb. 27/deadline extended to Sept. 2 fromAug. 19 after the companies asked for more time)

SUSPENDED

-- SOCAR, Azerbaijan's state energy company, to buy stakesin Greek natural gas grid operator DESFA from Greek natural gasutility DEPA (notified Oct. 1/deadline suspended on Jan. 21)

GUIDE TO EU MERGER PROCESS

DEADLINES:

The European Commission has 25 working days after a deal is filed for a first-stage review. It may extend that by 10 workingdays to 35 working days, to consider either a company's proposedremedies or an EU member state's request to handle the case.

Most mergers win approval but occasionally the Commission opens a detailed second-stage investigation for up to 90 additional working days, which it may extend to 105 working days.

SIMPLIFIED:

Under the simplified procedure, the Commission announces theclearance of uncontroversial first-stage mergers without givingany reason for its decision. Cases may be reclassified asnon-simplified - that is, ordinary first-stage reviews - untilthey are approved. (Compiled by Foo Yun Chee)

More News
15 Sep 2023 10:17

Trifast appoints former Essentra packaging chief Iain Percival as CEO

(Alliance News) - Trifast PLC on Friday said it has appointed former Essentra PLC packaging chief executive Iain Percival as its new chief executive officer.

Read more
29 Jun 2016 10:36

Rexam Says All Approvals For Takeover By Ball Now Secured (ALLISS)

Read more
28 Jun 2016 18:41

UPDATE 1-Ball wins conditional U.S. approval to buy Rexam

(Adds comment from Ball, background on the deal, divestiture) By Diane Bartz WASHINGTON, June 28 (Reuters) - Ball Corp and Rexam Plc, the world's two largest beverage can makers, have won U.S. antitrust approval to merge on condition that they sell eight aluminum can plants in the Uni

Read more
22 Jun 2016 11:05

DIRECTOR DEALINGS: Incoming Chemring Chairman Buys First Shares

Read more
21 Jun 2016 12:13

EU mergers and takeovers (June 21)

BRUSSELS, June 21 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Private equity firms the Carlyle Group and Crestview Advisors to jointly acquire U.S. sports and entertainment event

Read more
15 Jun 2016 15:13

UK Shareholder Meetings Calendar - Next 7 Days

Read more
10 Jun 2016 15:08

UK Shareholder Meetings Calendar - Next 7 Days

Read more
23 May 2016 11:15

EU mergers and takeovers (May 23)

BRUSSELS, May 23 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Investment fund Apollo Management to acquire Portuguese insurer Acoreana Seguros (approved May 20) NEW LISTINGS

Read more
20 May 2016 10:48

EU mergers and takeovers (May 20)

BRUSSELS, May 20 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- U.S. private equity firm Starwood Capital Group and Banco Sabadell to set up a joint venture to invest in hotels(appr

Read more
29 Apr 2016 16:18

UPDATE 1-Ardagh draws US$20bn crowd for junk bond sale

(Updates throughout) By Davide Scigliuzzo NEW YORK, April 29 (IFR) - Investors on both sides of the Atlantic clamored for Ardagh's US$4.5bn bond sale this week, hoping that the packaging company's latest acquisition will finally pave the way for an IPO. Ardagh received around US

Read more
29 Apr 2016 15:00

Dividends Calendar - Week Ahead

Read more
29 Apr 2016 14:04

Books on Ardagh high-yield bond reach US$20bn: sources

By Davide Scigliuzzo NEW YORK, April 29 (IFR) - Investors have piled US$20bn of orders into Ardagh's US$4.5bn dual-currency high-yield bond offering, two sources familiar with the situation told IFR on Friday. The packaging company is raising funds in euros and US dollars from a five-

Read more
26 Apr 2016 15:43

Tuesday newspaper share tips: Vodafone, Rexam

(ShareCast News) - Vodafone´s upcoming full-year figures should dispel investors´ doubts about the sustainability of its dividend policy and the high rating accorded to its shares, The Daily Telegraph´s Questor team said. Some observers fret that the shares current price-to-earnings multiple of 40 t

Read more
25 Apr 2016 08:07

Ball and Rexam to sell assets to Ireland's Ardagh Group

(ShareCast News) - Ball Corp. and Rexam agreed to divest assets to Ireland's Ardagh Group worth $3.42bn in a bid to clinch regulatory approval for their merger. The two companies, which unveiled their intention to merge and create the world's largest manufacturer of food and beverage cans on 19 Febr

Read more
25 Apr 2016 05:32

Ball Agrees To Sell Assets To Secure Approval For Rexam Deal

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.