Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksXCH.L Share News (XCH)

  • There is currently no data for XCH

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EU mergers and takeovers (March 1)

Tue, 01st Mar 2016 12:12

BRUSSELS, March 1 (Reuters) - The following are mergersunder review by the European Commission and a brief guide to theEU merger process:

APPROVALS AND WITHDRAWALS

-- U.S. computer maker Dell Inc to acquire data storagecompany EMC Corp (approved Feb. 29)

NEW LISTINGS

-- Private equity firms Apax Partners and Neuberger BermanAcquisition LLC to jointly acquire Italian tech servicesprovider Engineering Ingegneria Informatica SPA (notified Feb.29/deadline April 7/simplified)

-- U.S. technology consulting company Computer Sciences Corp to acquire British outsourcing company Xchanging Plc (notified Feb. 29/deadline April 7/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

MARCH 3

-- McKesson to acquire certain businesses, notablypharmaceutical wholesaling in UK and Ireland, from UDGHealthcare (notified Jan. 14/deadline extended to March3 from Feb. 18 after a national competition regulator asked totake over the case)

MARCH 7

-- Private equity fund Lone Star Fund to acquire food andbeverage vending machine maker N&W Global Vending (notified Feb. 1/deadline March 7/simplified)

MARCH 9

-- German agricultural services company HauptgenossenschaftNord to buy sector peer Roth Agrarhandel (notified on Feb.3/deadline March 9/simplified)

MARCH 10

-- Israeli drugmaker Teva to acquire U.S. peerAllergan's generics drugs business (notified Jan.21/deadline extended to March 10 from Feb. 25 after Teva offerscommitments)

-- Private equity firm KKR to acquire sole controlof French IT services provider Webhelp (notified on Feb.4/deadline March 10/simplified)

-- EDF and China General Nuclear Power Corp formsNNB GenCo consortium for nuclear power plant construction (notified on Feb. 4/deadline March 10)

-- LVMH is combining its private equity and realestate units with U.S. private equity firm Catterton to form LCatterton (notified on Feb. 4/deadline March 10/simplified)

MARCH 11

-- Nordic Capital to acquire Scandinavian fruits andvegetables distributor Greendeli Investment Holding (notifiedFeb. 5/deadline March 11/simplified)

MARCH 15

-- U.S. conglomerate United Technologies Corp toacquire Italian water heating appliances maker Riello Group(notified Feb. 9/deadline March 15/simplified)

-- China National Chemical Corp (ChemChina) toacquire German industrial machinery maker KraussMaffei Group (notified Feb. 9/deadline March 15)

MARCH 16

-- Slot machine maker Loewen Entertainment German gamblinghalls operator Safari Holding and Schmidt Gruppe ServiceGesellschaft fur Spielerschutz und pravention to set up a jointventure (notified Feb. 10/deadline March 16/simplified)

-- French company Avril Pole Animal and German meat productprocessor Tonnies International Holding to set up a jointventure (notified Feb. 10/deadline March 16/simplified)

MARCH 17

-- British plastic packaging company RPC Group toacquire French bottle-top maker Global Closure Systems (notifiedFeb. 11/deadline March 17/simplified)

MARCH 18

-- U.S. car parts distributor LKQ Corp to acquireItaly's Rhiag Group from private equity firm Apax Partners LLP(notified Feb. 12/deadline March 18)

MARCH 22

-- Private equity firm Equistone Partners Europe to acquirecar parts maker Mecaplast Group (notified Feb. 16/deadline March22/simplified)

-- Polyethylene terephthalate (PET) resin producer IndoramaNetherlands to acquire Guadarranque Polyester (notified Feb.16/deadline March 22)

-- Private equity firm Equistone Partners Europe SAS toacquire car parts maker Mecaplast Group (notified Feb.16/deadline March 22/simplified)

MARCH 29

-- Statoil Fuel and Retail to acquire fuelsbusiness of Dansk Fuels (notified on Feb. 4/deadline extended toMarch 29 from March 10 after the companies submittedconcessions)

MARCH 30

-- CK Hutchison Holdings Ltd and Vimpelcom to merge their Italian mobile operations (notified Feb.5/deadline extended to March 30 from March 11 after the Italiancompetition authority requested to take over the case)

-- Japanese employment agency Recruit to acquireDutch peer USG People (notified Feb. 19/deadline March30/simplified)

APRIL 1

-- British rivate equity firm Bridgepoint Group to acquirePolish children's apparel and toy store chain SMYK Group(notified Feb. 23/deadline April 1/simplified)

APRIL 6

-- Global Infrastructure Partners and Canada Pension PlanInvestment Board to jointly acquire some businesses fromAustralian freight company Asciano (notified Feb.26/deadline April 6/simplified)

-- Worldline to acquire PaySquare from Equens(notified Feb. 26/deadline April 6)

APRIL 22

-- Hutchison Whampoa to acquire Telefonica's O2 UK subsidiary (notified Sept. 11/deadline extendedfor the fifth time to April 22 from April 18)

JULY 12

-- Airbus Safran Launchers, a 50/50 joint venture betweenAirbus and Safran, to acquire sole control ofsatellite group Arianespace (notified on Jan. 8/deadlineextended to July 12 from Feb. 26 after the Commission opened anin-depth investigation)

SUSPENDED

-- Oilfield services provider Halliburton to buyrival Baker Hughes in a stock and cash transaction(notified Nov. 27/deadline suspended on Feb. 18 after companiesfailed to provide some information)

-- 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 Brussels newsroom)

More News
14 Oct 2015 07:42

London pre-open: Stocks seen lower; wage growth figures eyed

(ShareCast News) - London stocks are expected to open lower on Wednesday as worries about global growth weigh on investors' minds and following weak Chinese inflation data. The FTSE 100 index is seen opening down 47 points at 6295. On the data front, UK claimant count and average weekly earnings a

Read more
14 Oct 2015 07:03

Xchanging recommends 160p per share offer from Capita

(ShareCast News) - Outsourcing group Capita said the board of peer Xchanging has recommended its 160p per share offer, which values the company at around £412m, although Xchanging is still in discussions with Apollo Global Management. The deal, which is expected to be immediately earnings-accretive

Read more
14 Oct 2015 06:27

Xchanging Recommends Capita Bid As Apollo Mulls Competing Offer

Read more
5 Oct 2015 15:59

LONDON MARKET CLOSE: Stocks Rally Despite Weak Services Data

Read more
5 Oct 2015 11:23

LONDON MARKET MIDDAY: Stocks Rise As US Cheer Offsets Rugby Gloom

Read more
5 Oct 2015 09:42

WINNERS & LOSERS SUMMARY: Xchanging Jumps 50% On Capita, Apollo Bids

Read more
5 Oct 2015 08:00

BUZZ-Xchanging: best day ever as fields two takeover bids

** Xchanging surges 55 pct in strong volumes & on track for sharpest intra-day move ever ** Outsourcing co says in talks over two separate all-cash takeover bids from larger rival Capita and U.S. buyout firm Apollo Global Management ] ** Apollo makes 170p/shr proposal, while Capita's

Read more
5 Oct 2015 07:42

London pre-open: FTSE seen sharply higher after strong reversal on Wall Street

(ShareCast News) - UK stocks are expected to open with strong gains on Monday, taking their cue from an impressive reversal on Wall Street on Friday. The FTSE 100 is being called up 115 points at 6245. On the data front, UK services PMI is due at 0930 BST, while in the US, ISM non-manufacturing is

Read more
5 Oct 2015 07:24

Xchanging rockets on buyout offers from Capita and Apollo Global Management

(ShareCast News) - Shares in business outsourcer Xchanging rocketed after the company confirmed it has received approaches from peer Capita and private equity group Apollo Global Management regarding offers for the company. Capita said it has been in discussions with the board of Xchanging since ear

Read more
5 Oct 2015 06:40

Xchanging Confirms Takeover Bids From Capita And Apollo Global (ALLISS)

Read more
5 Oct 2015 05:55

PRESS: Capita And Apollo Competing To Buy Xchanging - FT

Read more
4 Oct 2015 19:29

Sunday newspaper round-up: Global recession, Glencore, Prudential

(ShareCast News) - Emerging economies risk "leading the world economy into a slump", with lower growth and a rout in financial markets, according to the latest Brookings Institution-Financial Times tracking index. Released ahead of the annual meetings of the International Monetary Fund and World Ban

Read more
22 Sep 2015 07:55

Xchanging's New Chief Executive To Join Sooner Than Anticipated

Read more
16 Sep 2015 08:28

Xchanging names new CEO

(ShareCast News) - Craig Wilson has been appointed as the new chief executive (CEO) of Xchanging, the business technology and service provider said. Wilson, who joins the group from HP Enterprise Services, will replace Ken Lever, who announced his intention to step down on 29 July and will leave his

Read more
16 Sep 2015 07:52

Xchanging Names New Chief Executive To Succeed Lever

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.