No renegotiation of Standard Life merger, says Martin Gilbert

Aberdeen Asset Management chief executive Martin Gilbert speaks to Ian King about his company’s better than expected financial results, and says he sees no reason to renegotiate the terms of his firm’s merger with Standard Life. SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews and https://twitter.com/skynewsbreak Like us on … Read more No renegotiation of Standard Life merger, says Martin Gilbert

Electrolux to Acquire GE Appliances for $3.3 Billion

AB Electrolux is set to acquire the appliances business of General Electric for $3.3 billion in cash. GE Appliances is a manufacturer of kitchen and laundry products in the United States. Keith McLoughlin, President and CEO of Electrolux commented on the purchase: “GE’s premium, high-quality appliances complement our own iconic brands and will enhance our … Read more Electrolux to Acquire GE Appliances for $3.3 Billion

Pfizer Makes Final Cash and Shares Offer to AstraZeneca Shareholders

Pfizer have made a final offer to shareholders of AstraZeneca in a move which will proclude any further offers. Under the terms of the final proposal AstraZeneca shareholders would receive, for each AstraZeneca share, 1.747 shares in the combined entity and 2,476 pence in cash, representing an indicative value of £55.00 ($92.53) per share. Under the … Read more Pfizer Makes Final Cash and Shares Offer to AstraZeneca Shareholders

Pfizer Prices $4.5 Billion Debt Offering

Pfizer Inc. (NYSE:PFE) has announced the pricing of a debt offering totalling $4.5 billion shortly before also announcing that an offer for AstraZeneca plc would represent “compelling shareholder value” for its members. However, in the same statement Pfizer also stated it remained “disappointed at the lack of engagement by the AstraZeneca Board”. Pfizer has said that combining … Read more Pfizer Prices $4.5 Billion Debt Offering

Campbell Move into Chinese Sweet Biscuit Market

Campbell have entered into an agreement to acquire Kelsen Group A/S – a Danish company who have supplied butter cookies to the Chinese market for over twenty years. The primary sweet biscuit brands of the Kelsen Group include Kjeldsens and Royal Dansk. Kelsen exports the biscuits to over 85 countries. In 2012, Kelsen had net … Read more Campbell Move into Chinese Sweet Biscuit Market

Anderson Withdraw Bid for Books-A-Million

The Anderson family has withdrawn a non-binding bid for major book retailer Books-A-Million. The Andersons had been considering an offer for all outstanding publicly-held shares of the common stock of the NASDAQ listed company for $3.05 per share. Books-A-Million has 257 stores in 34 regions of the USA and trades under names including Books-A-Million (BAM!), … Read more Anderson Withdraw Bid for Books-A-Million

Rakuten to Acquire Kobo for US $315 million

Rakuten has move into the eReader marketplace with the announcement that it will acquire the Canadian spin-out company, Kobo for $315 million in cash. The Toronto based headquarters, management team and employees of Kobo will remain in place as part of the deal. Once part of the book, toy and gift retailer, Indigo, Kobo has … Read more Rakuten to Acquire Kobo for US $315 million

Google Announces Acquisition of Motorola, Attacks Microsoft and Apple

US markets bounced on the news on Monday 15th August 2011 that Google is to acquire Motorola Mobility. Larry Page, CEO of Google, outlined how the complete adoption of Google’s Android software across the entire Motorola range in 2008 had made the two companies a natural fit. Google defended the acquisition as a positive note … Read more Google Announces Acquisition of Motorola, Attacks Microsoft and Apple

Glu Mobile Inc. Acquires Griptonite Games and Blammo Games

Glu Mobile Inc. has acquired Griptonite Games and Blammo Games to augment its offerings of social games for handheld devices such as smartphones and tablets. The company has 200 employees and is based in Kirkland, Washington. The deal will provide the game developer with art and development support from Griptonite’s base in Hyderabad, India. Blammo … Read more Glu Mobile Inc. Acquires Griptonite Games and Blammo Games

GE Capital Acquires Credit Agricole Commercial Finance UK

GE Capital has acquired Credit Agricole Commercial Finance UK – formerly known as Eurofactor UK Ltd. The accounts receivable financing business lent over £3 billion through invoice financing to UK companies in 2010 and will increase the lending capacity of the receivables finance branch of GE Capital by 60%. GE Capital is already an established … Read more GE Capital Acquires Credit Agricole Commercial Finance UK