Mergers & Acquisitions

REFILE-UPDATE 2-Icahn buys Chesapeake stake, seeks board changes

May 25 - Billionaire investor Carl Icahn revealed he had bought a 7.6 percent stake in Chesapeake Energy Corp and called for the natural gas producer to replace at least four directors, saying the board has failed "in a dramatic fashion" in its oversight of management.

Italy's RCS picks Microsoft exec for turnaround

MILAN, May 25 - Italian loss-making publisher RCS MediaGroup picked Pietro Scott Jovane, the head of Microsoft Italy, to become its chief executive and lead the business turnaround, the company said on Friday.

3:17am IST

UPDATE 4-Canada lifts threshold for foreign takeover reviews

OTTAWA/TORONTO, May 25 - Canada will boost the threshold at which it will review proposed foreign takeovers of Canadian companies, the industry minister said on Friday, but he stopped short of fulfilling a government pledge to clarify the criteria for approving them.

3:01am IST

UPDATE 2-Dell-Quest deal possible over weekend-sources

NEW YORK/SAN FRANCISCO, May 25 - Dell Inc is expected to reach an agreement to buy network security software maker Quest Software Inc as soon as this weekend after a previous deal fell apart, several people familiar with the matter said.

2:52am IST

Ad firm DG exploring sale, PE interested-source

NEW YORK, May 25 - Advertising distribution company Digital Generation Inc (DG) is weighing a potential sale and has drawn interest from several private equity firms and rival companies, according to a person familiar with the matter.

2:32am IST

UPDATE 1-Barrick buys 7,000 acres around Cortez gold mine

TORONTO, May 25 - Barrick Gold Corp, the world's largest gold miner, will pay $24 million to buy the Mill Canyon property in Nevada from Victoria Gold Corp, extending the property it owns in the vicinity of its prolific Cortez mine by about 7,000 acres.

2:25am IST

CORRECTED-Commercial real estate services expanding in U.S.

* New firms enter US commercial real estate services sector

2:11am IST

Icahn reports 7.6 pct Chesapeake stake, seeks to replace 4 directors

May 25 - Activist investor Carl Icahn reported a 7.6 percent stake in oil and gas company Chesapeake Energy Corp , and asked for at least four members of its board to be replaced.

Q+A-Where is the Anglo-Codelco spat heading?

LONDON/SANTIAGO, May 25 - Chile state mining company Codelco and miner Anglo American are restarting talks to resolve a multi-billion dollar dispute over copper assets in Chile's centre-south, after months of increasingly acrimonious legal altercations.

1:37am IST

Deals of the day -- mergers and acquisitions

May 25 - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Friday:

Private Capital, Funds 1:30am IST
Deals

M&A ($B)

 
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