All Mergers & acquisitions articles – Page 91
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News
OfficeMax comes under fire over merger deal with Office Depot
OfficeMax has come under fire from an investor over its merger deal with Office Depot. Shareholder Eric Hollander has sued the retailer’s directors - including the chief executive and chairman - while seeking to block the deal. He called the proposed $1.2bn (£771.4m) all-stock deal “grossly inadequate”.Under the terms of ...
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NewsPoundland owner Warburg Pincus mulls float or sale
Poundland is being readied for a sale or float by its private equity owner Warburg Pincus, it is understood
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NewsHouse of Fraser eyed by Qataris in deal valuing it at £300m
House of Fraser could be acquired by the Qataris in a £300m deal that would reunite the department store group with Harrods.
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News
Convenience store group CP to acquire Siam Makro
Convenience store group CP All has signed an agreement to acquire Dutch SHV Makro-owned Siam Makro in Thailand.CP All, controlled by Dhanin’s Charoen Pokphand Group, will pay THB787 (£17.72) a share for 64% of Siam Makro, a total of THB188.88bn (£4.25bn). The acquisition is subject to shareholder approval.CP All is ...
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News
Discounter Sok to buy Spanish retailer Dia's Turkish business
Discounter Sok has reached an agreement to buy all of Spanish retailer Dia’s business in Turkey for TRY320m (£116.1m).The transaction is subject to the approval of Turkish antitrust authorities.
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News
Delhaize Group's takeover bid of C Market on hold
Belgium-based grocer Delhaize Group’s talks with the Serbian government regarding a takeover of the latter’s stake in C Market stores are on hold.The reason given was that the authorities are investigating C Market’s original flotation on the Belgrade Stock Exchange in 2005 as part of a review of the sale ...
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OpinionComment: Retailers look for new ways to supplement stagnant growth
So, with Tesco recently gobbling up Giraffe, are we about to see a new era of diversification among the UK’s leading grocers?
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NewsDixons sells Swedish business Webhallen in Pixmania turnaround bid
Electricals specialist Dixons is to sell its Swedish business Webhallen to Norwegian firm Komplett AS as it streamlines its Pixmania operations.
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News
German wholesale group Conway purchases Grupoil
German wholesale group Lekkerland-owned convenience chain Conway has taken over Spanish wholesaler Grupoil. The acquisition is in line with a strategy of strengthening Lekkerland’s traditional core business.The purchase will enable Lekkerland to further establish itself in the Spanish convenience sector.
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NewsDIY group Kingfisher expands into Romania with 15-store acquisition
B&Q owner Kingfisher is to expand into Romania after acquiring 15 Bricostore shops from French retailer Group Bresson.
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AnalysisWHSmith’s acquisition of Past Times: What do retailers need to know?
WHSmith’s diversification continues with the acquisition of the Past Times brand. Will it be a good fit and what are the wider plans?
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News
ICI Paris XL acquires Dutch competitor Pour Vous
AS Watson’s Belgian perfumery chain ICI Paris XL has acquired Dutch competitor Pour Vous. ICI Paris XL plans to complete the deal within one month and is taking over the brand as well as the store network.The deal follows ICI Paris XL’s acquisition of LVMH’s Dutch Sephora stores.“We intend to ...
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NewsPrivate equity firms eye stake in fashion retailer Joules
A number of private equity firms are eyeing purchasing a stake in fashion retailer Joules, which is poised to report an increase in profits.
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AnalysisAnalysis: Restructuring firm Hilco begins HMV turnaround
After buying HMV, Hilco faces the task of rebuilding the fallen entertainment retailer’s position on the high street and online.
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NewsPets at Home acquires veterinary business Vets4Pets
Pets at Home has acquired veterinary business Vets4Pets as it aims to extend its veterinary arm to more than 500 in-store and standalone practices.
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NewsRetail insolvencies increase in first quarter of 2013
Retail was one of the hardest hit sectors in the first quarter of 2013 with the number of insolvencies rising 1.75% to 407 despite a 10.2% drop across the UK.
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News
Polish businessman Mariusz Switalski to compete for control of Mercator
Polish businessman Mariusz Switalski, co-founder of the Eurocash, Biedronka and Zabka retail chains, as well as Czerwona Torebka, aims to acquire grocer Mercator.A fund associated with Switalski has started negotiations with Mercator and signed a confidentiality agreement.There has been no official comment from Switalski or his team.However, sources say he ...
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News
Central Retail Corporation buys Copenhagen department store
Thailand-based multi-format operator Central Retail Corporation has entered Denmark by acquiring Illum, a famous Copenhagen department store.The company plans to invest THB2bn (£45m) to renovate the store over the next four years. Central Retail chief executive Tos Chirathivat said the renovation would help Illum boost its income from THB5bn (£112.6m) ...
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News
French retailer Auchan gets green light for Real hypermarkets acquisition
French retailer Auchan has been given the green light for its acquisition of Metro Group’s Real hypermarkets in Ukraine, along with its property division.Metro Group only has two Real stores in Ukraine, one in Kiev and the other in Odessa.
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NewsClinton Cards owner American Greetings taken private by founding family
Clinton Cards parent company American Greetings has been taken private by its founding and controlling family in a deal estimated at $878m.