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Tiffany: American jeweler headed for the LVMH empire

Virginie Montet, Agence France-Presse
Posted at Nov 26 10:07 AM

Upon sealing the deal, LVMH chief Bernard Arnault called Tiffany itself a "jewel" and vowed to bestow it with "the same dedication and commitment" that the company had applied to all its businesses. Read more »

Louis Vuitton group puts ring on jeweller Tiffany in $16.2-billion union

Agence France-Presse
Updated as of Nov 25 05:32 PM

The companies said in a statement they "have entered into a definitive agreement whereby LVMH will acquire Tiffany for $135 per share in cash, in a transaction with an equity value of approximately 14.7 billion euros or $16.2 billion." Read more »

HP rejects Xerox takeover offer again

Agence France-Presse
Posted at Nov 25 11:57 AM

Computer and printer maker HP on Sunday reiterated its rejection of Xerox's $33 billion takeover bid, saying the sum "significantly undervalues" the company.   Read more »

French luxury giant LVMH nears deal to buy Tiffany

Vanessa Friedman, Elizabeth Paton and Andrew Ross Sorkin, The New York Times
Posted at Nov 25 08:04 AM

The world’s largest luxury goods company is close to completing a deal to buy Tiffany & Co., according to people briefed on the acquisition. The combination, worth $16.7 billion, would be the largest ever in the luxury sector. Read more »

Louis Vuitton group raises Tiffany bid to $16 billion: sources

Agence France-Presse
Posted at Nov 21 10:15 AM

LVMH, the owner of Louis Vuitton, Dior and Moet & Chandon increased its bid for the storied New York-based company to around $130 per share from $120 per share, the sources said. Read more »

Kylie Jenner sells $600-million stake in cosmetics brand to Coty

Agence France-Presse
Posted at Nov 19 10:27 AM

Under the transaction, Coty, whose brands include Hugo Boss and Burberry fragrances, will pay $600 million for a 51 percent stake in Jenner's company. Read more »

SoftBank, Line Corp seek to create Japanese internet giant

Ben Dooley, The New York Times
Posted at Nov 19 08:30 AM

The combination would bring together two prominent Japanese companies that have seen better days. Read more »

SoftBank's Yahoo Japan to merge with Line app operator

Agence France-Presse
Posted at Nov 18 05:42 PM

Mobile operator SoftBank Corp, the parent of Z Holdings (ZHD), and South Korea's Naver, Line's parent company, agreed the merger of ZHD and Line, SoftBank and Naver said in a joint statement. Read more »

Dennis Uy's Udenna buys Chevron's Malampaya stake

ABS-CBN News
Posted at Nov 13 04:27 PM

It was the second acquisition announced in as many days for Udenna, which on Tuesday said it was acquiring all 51 branches and the master franchise of American hamburger chain Wendy's in the Philippines. Read more »

Dennis Uy's Udenna acquires Wendy's Philippines

ABS-CBN News
Updated as of Nov 12 03:53 PM

Udenna did not disclose the value of the transactions, made through its subsidiary, Eight-8-Ate Holdings Inc. Uy's holding firm is now the master franchisee of the American hamburger chain in the country. Read more »

MacroAsia partners with Japan's Konoike Transport

ABS-CBN News
Posted at Nov 06 11:07 AM

MacroAsia Corp will acquire 30 percent stake in Japan Airport Service Co. Ltd. through NKS Holding Co. Ltd., the Tokyo-based subsidiary of Konoike Transport, the company said in a disclosure to the stock exchange.    Read more »

PSA and Fiat Chrysler unveil merger of equals

Agence France-Presse
Posted at Oct 31 03:53 PM

In a joint statement the French and US-Italian carmakers said their boards of directors "have each unanimously agreed to work towards a full combination of their respective businesses by way of a 50/50 merger." Read more »

Fiat Chrysler, Peugeot in merger talks to create $50 bn firm: source

Agence France-Presse
Posted at Oct 30 08:00 AM

Carlos Tavares, the chief executive of Peugeot's parent, PSA Group, will lead the new company as CEO while John Elkann, chairman of Fiat Chrysler Automobile (FCA), will be chairman, the source said. Read more »

French luxury group LVMH offers to buy US jeweler Tiffany: sources

Greg Roumeliotis, Reuters
Posted at Oct 28 04:32 PM

LVMH, which has for years been looking for ways to expand in the US market, submitted a preliminary, non-binding offer to Tiffany earlier this month, one of the sources said.   Read more »

James Murdoch Buys a Stake in Vice Media

The New York Times
Posted at Oct 11 01:10 PM

Murdoch, who already sits on Vice’s board, made the investment as part of Vice’s recent acquisition of Refinery29, a women’s lifestyle publisher, according to a person familiar with the matter, who asked not to be named because the deal is meant to be private. Read more »

Hong Kong bourse scraps $39-billion play for London Stock Exchange

Sumeet Chatterjee and Scott Murdoch, Reuters
Posted at Oct 08 11:40 AM

The surprise approach, made last month, had threatened to upend the LSE's own $27 billion plan to buy data and analytics company Refinitiv. The Hong Kong exchange had said the LSE would have to ditch the Refinitiv purchase for its offer to go ahead. Read more »

PayPal to enter China market through local acquisition

Reuters
Posted at Oct 01 09:24 AM

Gopay Information Technology, PayPal's acquisition target, has received approval from China's central bank to sell a 70 percent stake to PayPal, both companies said on Monday. Read more »

Jollibee eyes China, US as next 'pillars of growth'

ABS-CBN News
Posted at Sep 16 04:48 PM

Jollibee intended to grow its foreign business faster than its local units, the country's largest fastfood chain operator said in a disclosure to the stock exchange.  Read more »

Avon, Body Shop parent merger gets PH antitrust monitor's OK

ABS-CBN News
Posted at Sep 13 02:40 PM

The merger will result in the world's fourth largest beauty products company, with estimated annual gross revenues of $10 billion (P518 billion). Read more »

Tobacco giants Philip Morris, Altria in merger talks

Sheila Kaplan, The New York Times
Posted at Aug 28 08:57 AM

The companies described the proposed deal in a statement as an “all-stock, merger of equals” but cautioned that the discussions might not result in an agreement. Read more »