The U.S. Federal Trade Commission said on Friday it approved certain modifications to Bristol Meyers Squibb’s previously approved divestiture agreement and incorporated the modifications into its consent order for the...
Carrefour mulls consolidation, alliances or divestitures for foreign units
French retailer Carrefour said on Wednesday it had started considering possible consolidation, divestitures or tie-ups of its foreign subsidiaries, but had not made a decision to sell any assets. The French weekly...
Citigroup considering divestiture of some foreign consumer units – Bloomberg Law
Citigroup Inc is considering divesting some international consumer units, Bloomberg Law reported on Friday, citing people familiar with the matter. The discussions are around divesting units across retail banking in the...
U.S. clears Intuit’s $7 billion deal for Credit Karma after divestiture
The U.S. Justice Department said on Wednesday that Intuit Inc can complete its purchase of personal finance portal Credit Karma for $7.1 billion as long as Credit Karma sells its tax business. In February Intuit said it...
U.S. proposes divestiture as condition for Novelis purchase of Aleris
The U.S. Justice Department proposed on Tuesday that Novelis Inc divest Aleris Corp’s entire North American aluminum auto body sheet operations as a condition of its acquisition. The Justice Department filed a lawsuit...
UTC, Raytheon deal wins U.S. antitrust approval, with divestitures
The U.S. Justice Department has approved United Technologies Corporation’s planned merger with Raytheon Co, subject to conditions, the agency said on Thursday. UTC agreed in June to combine its aerospace business with U...
ZF wins U.S. approval to buy Wabco on condition of asset divestiture
German auto parts maker ZF Friedrichshafen AG won U.S. antitrust approval for its $7 billion deal to buy U.S. rival Wabco (WBC.N), the Justice Department said on Thursday. To win approval, the government required the...
DuPont to explore divestiture of electronics unit: BBG
Industrial materials maker DuPont is working with advisers to review strategic options, including a sale, for its electronics business, Bloomberg reported on Thursday, citing people familiar with the matter. The...
Linde says regulators likely to demand more divestitures in Praxair deal
German industrial gases group Linde said it and U.S. rival Praxair may need to sell more assets than anticipated to secure antitrust approval for their planned $87 billion tie-up, which could scupper the deal. The...
T-Mobile, Sprint aim to announce merger without asset divestitures: sources
T-Mobile U.S. Inc and Sprint Corp plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask...
AT&T weighs divestiture of Latin American TV assets – sources
AT&T (T.N) is evaluating a sale of its pay TV operations in Latin America as it seeks to pay down debt following its planned $85.4 billion acquisition of Time Warner Inc (TWX.N), people familiar with the matter said...
U.S. FTC requires divestitures in $13.53 billion Boehringer-Sanofi deal
German pharmaceutical company Boehringer Ingelheim agreed to divest five types of animal health products to settle charges that a proposed asset swap with Sanofi would harm competition, the U.S. Federal Trade Commission...