Hershey Co said on Thursday it had rejected a $23 billion preliminary offer by Mondelez International Inc that would seek to expand the latter's limited U.S. footprint and create the world's largest confectioner.
Dick's Sporting Goods Inc , the largest U.S. sporting goods retailer, said on Thursday it was the successful bidder in the auction for the intellectual property of bankrupt competitor Sports Authority with a bid of $15 million.
NEW YORK/LONDON The value of announced mergers and acquisitions (M&A) worldwide dropped by a third in the second quarter of 2016, as a wave of transactions were abandoned in the wake of concerns over regulatory and tax risks or national security.
ROME ArcelorMittal and Italy's Marcegaglia have offered to acquire Italian steel plant Ilva, pitting themselves against a rival joint bid by Italy's state lender CDP, businessman Leonardo Del Vecchio's holding company and steelmaker Arvedi.
HONG KONG Credit Suisse is planning to boost its stake in its Chinese securities joint venture to the maximum permissible 49 percent, which would make it the first foreign bank to take advantage of relaxed Chinese investment rules introduced four years ago, three people with direct knowledge of the matter said.
LONDON Rupert Murdoch's News Corp has agreed to buy the owner of Britain's talkSPORT in a $292 million deal that unites The Sun newspaper's sports coverage with the commercial radio network that broadcasts Premier League and FA Cup soccer.
LONDON The boss of Rupert Murdoch's News Corp said the timing of the U.S. group's offer for talkSPORT-owner Wireless after the post-Brexit drop in the pound was "auspicious", although the companies had been in talks for some time.
BRUSSELS - U.S. generic drugmaker Mylan NV has offered concessions in a bid to allay concerns by EU competition regulators over its proposed $7.2-billion acquisition of Swedish rival Meda , the European Commission said on Thursday.
InterOil Corp , which agreed last month to be acquired by Australia's Oil Search Ltd , said it received an unsolicited offer from an unnamed bidder, with whom it would engage in further talks.
PARIS French state-controlled utility EDF's plans to sell almost 50 percent of its RTE unit would value the operator of Europe's biggest high-voltage electricity transmission grid at more than 5.2 billion euros ($5.78 billion), sources said on Thursday.