GBP News 

Britain happy with Murdoch’s Sky News guarantees

“The shares were trading at 13.37 pounds on Tuesday afternoon, suggesting investors think this takeover saga still has a long way to go” writes Midwest Communications Inc for 95kqds.com. LONDON (Reuters) – Britain said Rupert Murdoch’s Twenty-First Century Fox had answered its remaining doubts about the independence of Sky News if the U.S. company buys all of its parent Sky, paving the way for a takeover battle over the pay-TV group. Source: 95kqds.com Share This:

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Why the AT&T-Time Warner case was so closely watched

“The Justice Department sued to block the deal last year, arguing that it would limit competition and raise costs” writes Cecilia Kang for seattletimes.com. The companies countered that the deal would allow Time Warner and AT&T to compete more effectively against Silicon Valley companies like Google and Netflix.The win for AT&T could encourage corporate America’s takeover ambitions, and is a setback for the Justice Department. Source: seattletimes.com Share This:

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Air Baltic’s hurry for Bombardier CSeries deal foreshadows jet selling spree

“But Air Baltic’s move to buck the trend suggests some assume Airbus will speed up sales once the deal closes” reports businessinsider.com. One issue for the CSeries’ second largest customer is that Air Baltic doesn’t know what the plane will be called after the takeover.While the Airbus backing gives the CSeries financial stability, most industry sources have said potential customers are waiting for the deal to close before placing orders. Source: businessinsider.com Share This:

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GBP News 

Britain to rule on Rupert Murdoch’s bid for Sky on Tuesday

“Murdoch’s Twenty-First Century Fox launched it bid to buy the 61 percent of Sky it does not own in December 2016, but the takeover has held up by politicians and regulators who fear it will give the mogul too much influence in Britain” reports businessinsider.com. If the bid is cleared by the government, possibly requiring further undertakings, Murdoch will go against U.S. rival Comcast in a battle to buy Sky. Source: businessinsider.com Share This:

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Potential buyer for IWG walks away from the deal

“US private equity company Lone Star has walked away from a potential takeover of Regus owner IWG, announcing that it does not intend to make a formal offer” writes Matthew Lynn for telegraph.co.uk. IWG has been subject to an unprecedented number of potential takeover bids in recent months. In February, when Canadian private equity firm Onex and Brookfield Asset Management walked away from talks for a potential takeover which had begun at the end of last year. Source: telegraph.co.uk Share This:

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Bayer launches $7 billion cash call to fund Monsanto deal

“At current foreign exchange rates, that compares to about 12.4 billion euros at DowDuPont’s Corteva Agriscience unit, 11 billion euros at ChemChina’s Syngenta and 7.9 billion at BASF, including businesses to be acquired” writes Midwest Communications Inc for 95kqds.com. Also, Bayer raised 4.5 billion euros more from selling down its stake in plastics maker Covestro than initially expected.The cash call is smaller than initially envisaged by Bayer because Monsanto reduced its debt while the antitrust review dragged on.Bayer will create an agricultural supplies giant with sales of about 20 billion…

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Justice Department requires Bayer to sell $9 billion in assets to complete Monsanto takeover

“The Department of Justice announced on Tuesday that it will require Bayer AG to sell roughly $9 billion in assets to complete its $66 billion acquisition of Monsanto” writes Ap Photo Markus for washingtonexaminer.com. Requirements that companies avoid certain behaviors after a merger are often difficult to enforce since they require intense monitoring for which the government lacks resources. Source: washingtonexaminer.com Share This:

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The World’s Biggest Ever Semiconductor Merger May Be Back on Track, Thanks to a China Thaw

“Qualcomm (qcom) is reportedly set to get the go-ahead in China for its planned takeover of NXP, the Dutch semiconductor firm” writes David Meyer for fortune.com. Qualcomm’s $44 billion takeover of NXP (nxpi) will, if it follows through, be the largest in the semiconductor industry.According to the Wall Street Journal‘s sources, China’s State Administration for Market Regulation will give its approval to the takeover within days. President Donald Trump’s administration said Friday that it would lift that ban in exchange for ZTE paying a $1.3 billion fine and making management…

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News Stocks 

An FBI sting and a Picasso scam: how the collapse of Beaufort could destroy trust in UK money managers

“Dr Heikki Lanckriet was just days away from sealing the takeover of an Australian drug research company when he hit a major stumbling block” writes Ben Marlow for telegraph.co.uk. London broker Beaufort Securities, which was holding his company’s stock, had gone bust and £800m of client assets had been frozen.The deal, which he had been working on for a year now, hung in the balance. “I was going to take my stock out to complete the transaction, and this whole fiasco nearly jeopardised it,” says Lanckriet, the boss of German biotech…

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