Roger Ferguson is hedging his bet that regulators will go along with his plan to turn TIAA into a financial supermarket. When the retirement-services giant — which Ferguson has run since 2008 — struck a...
William Hill Rejects $4.2 Billion Offer From 888, Rank Group
U.K. bookmaker William Hill Plc rejected a 3.2 billion-pound ($4.2 billion) cash-and-stock offer from 888 Holdings Plc and Rank Group Plc, a deal that would take recent industry consolidation to a new level. The bidders...
Busted Mergers Spell Trouble for U.S. Corporate Bond Investors
Bond investors who have lent blue-chip companies $181 billion this year to fund acquisitions just got a tough reminder that mergers can fail. Money managers holding $35 billion of Anheuser-Busch InBev NV bonds lost $137...
China’s Banks Help Finance $157 Billion M&A Spree
Chinese banks are increasing their clout in financing international mergers and acquisitions. The nation’s lenders were mandated lead arrangers on $19.9 billion of global syndicated loans for M&A this year, raising...
MBA Lazard Says Argentina M&A Picking Up Sooner Than Expected
When Argentina’s Mauricio Macri won the presidency late last year, MBA Lazard’s head of Latin America thought merger and acquisition activity would take off toward the second half of this year. The flurry of deals has...
Anthem Says Cigna Deal at Risk Without Quick Merger Ruling
Anthem Inc. said its planned takeover of Cigna Corp. is in danger of collapsing unless there’s a quick trial to resolve a U.S. lawsuit seeking to block the deal. Anthem’s lawyer, Christopher Curran, told U.S. District...
Samsung Said in Talks to Buy Assets of Fiat Auto-Parts Unit
Samsung Electronics Co. is in advanced talks to buy some or all of the operations of auto-parts maker Magneti Marelli from Fiat Chrysler Automobiles NV, according to people familiar with the matter. Samsung is...
Aetna Has Deal to Sell Assets to Molina in Merger Plan
Aetna Inc. and Humana Inc. said they have a provisional agreement to sell some of their assets to rival Molina Healthcare Inc. in an effort to get U.S. antitrust regulators to approve their $37 billion merger. The...
Hinkley Delay Could Cool China M&A Sentiment
The U.K. government’s unexpected hesitancy on the planned 18 billion pound ($24 billion) construction of the country’s first new nuclear plant in two decades could complicate relations with China, a major...
Fosun Plans Asset Sales in Reversal of $15 Billion M&A Spree
Fosun Group, one of China’s most acquisitive conglomerates, is preparing to sell as much as 40 billion yuan ($6 billion) in assets as it turns its focus towards raising its credit rating to above junk. As it steps back...
Gold’s $50 Billion M&A Spree Builds as Rally Boosts Values
A $50 billion gold-industry deals spree is extending into its third year, even as a surging bullion price makes sealing transactions and valuing mines more difficult. Gold has regained its luster as investors seek...
NextEra Agrees to Buy Oncor in $18.4 Billion Utility Deal
NextEra Energy Inc. agreed to buy Energy Future Holdings Corp.’s Oncor Electric Delivery Co. LLC, adding stable returns from the largest electric transmission operator in Texas in an $18.4 billion deal. The accord is...
