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Sorrell's S4 Capital seeks more deals in digital-only drive

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MUNICH (Reuters) – Martin Sorrell is on the lookout for acquisitions to expand his new advertising venture S4 Capital, aiming to capitalize on the disruption sweeping the industry by pursuing a pure-play digital strategy. FILE PHOTO: Sir Martin Sorrell attends a conference at the Cannes Lions International Festival of Creativity, in Cannes, France, June 22, Read More

In 5G play, Vodafone and IBM link up cloud systems for business

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FRANKFURT (Reuters) – Vodafone is teaming up with IBM to offer businesses a way to link different cloud computing systems to support the next wave of digital advances, such as machine learning, on super-fast fifth-generation telecoms networks. FILE PHOTO: Logos of 5G technology and telecommunications company Vodafone are pictured at the 5G Mobility Lab of Read More

Sears chairman Lampert wins bankruptcy auction for retailer with $5.2 billion bid

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FILE PHOTO: A store closing sale sign is posted next to a Sears logo in New Hyde Park, New York, U.S., October 10, 2018. REUTERS/Shannon Stapleton/File Photo (Reuters) – Sears Holdings Corp said on Thursday its chairman Eddie Lampert won a bankruptcy auction for the U.S. department store chain with an improved takeover bid of Read More

Husky ends hostile MEG bid after lack of investor support

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By Simon Casey and Chitra Somayaji on 1/17/2019 NEW YORK and LONDON (Bloomberg) — Husky Energy abandoned its $2.07 billion hostile takeover bid for rival Canadian oil-sands producers MEG Energy after failing to win enough support from shareholders.  The offer didn’t secure the backing of the required minimum number of investors by the bid’s expiry Read More

Husky Offer For MEG Expires Without Extension

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Offer expired January 16 with minimum tender condition not met Husky will not extend its offer given lack of MEG Board and shareholder support Company to focus on developing its deep portfolio of organic growth projects as set out at Investor Day on May 28, 2018 Potential divestment of Husky’s retail business and Prince George Read More

EU court annuls 2013 Commission decision that blocked UPS takeover of TNT

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FILE PHOTO: Forrest Lampe-Martin unloads packages during a UPS delivery in Seattle, Washington, U.S., November 9, 2017. REUTERS/David Ryder/File Photo BRUSSELS (Reuters) – The European Court of Justice on Wednesday annulled a 2013 European Commission decision that blocked U.S. package delivery company UPS’s (UPS.N) planned acquisition of Dutch peer TNT Express, citing a procedural error. Read More

Sears chairman prevails in bankruptcy auction for retailer with $5.2 billion bid: sources

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FILE PHOTO: A store closing sale sign is posted next to a Sears logo in New Hyde Park, New York, U.S., October 10, 2018. REUTERS/Shannon Stapleton NEW YORK (Reuters) – Sears Holdings Corp (SHLDQ.PK) Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly Read More

Sears chairman's takeover proposal faces moment of truth

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NEW YORK (Reuters) – Negotiations between Sears Holdings Corp (SHLDQ.PK) Chairman Eddie Lampert and the bankrupt U.S. department store operator approached a resolution late on Tuesday as the billionaire hedge fund manager faced the choice of improving his $5 billion offer for the company or ending his takeover plans, people familiar with the matter told Read More

Eyes on Newcrest as gold dealmaking heats up

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TORONTO (Reuters) – Two recent large M&A deals in the gold sector have prompted speculation that Newcrest Mining (NCM.AX), Kinross Gold Corp (K.TO) and B2Gold Corp (BTO.TO) may be among the next gold companies to combine with a rival, bankers and analysts said. FILE PHOTO: Senior Refinery technician Vincente Sandoval puts a gold “button” into Read More