Tag - acquisitions

 
 

ACQUISITIONS

The consortium proposing to take Seven & I Holdings private has tapped Citigroup and Bank of America for financing, adding to a growing group of players in the potentially record-breaking management buyout bid, people familiar with the matter said.
BUSINESS
Feb 7, 2025
Seven & I consortium to tap Bank of America and Citi for financing
The two U.S. banks’ role in the bid would be to refinance the debt of Seven & I’s U.S. unit.
David Burritt, president and chief executive officer of U.S. Steel, in Detroit in September
BUSINESS / Companies
Feb 7, 2025
Trump meets U.S. Steel CEO as Nippon Steel hopes to save deal
The meeting took place one day before Trump is due to meet with Prime Minister Shigeru Ishiba.
Talks between Nissan and Honda have been complicated by growing differences, sources have said.
BUSINESS / Companies
Feb 6, 2025
Nissan looking for new partner as Honda deal looks set to collapse
The two carmakers plan to issue a formal announcement on the fate of their business integration talks in mid-February.
United Steelworkers President David McCall
BUSINESS / Companies
Feb 6, 2025
Union chief files motion to dismiss suit by U.S. Steel and Nippon Steel
United Steelworkers called the U.S. Steel and Nippon Steel lawsuit a "frivolous and unsubstantiated attack" on the union.
Nissan needed this deal a lot more than Honda as billions of dollars of debt due in the next year closes in.
COMMENTARY
Feb 6, 2025
Scrapping Honda deal would leave Nissan stranded
Nissan needed this deal a lot more than Honda. As billions of dollars of debt due in the next year close in, the former may get pushed into an even less favorable deal.
SoftBank Group is in talks to acquire Ampere Computing, according to sources.
BUSINESS / Companies
Feb 6, 2025
SoftBank nears deal to acquire chip designer Ampere
SoftBank is discussing a deal that could value the Oracle-backed chip designer at about $6.5 billion, including debt.
Talks by Honda and Nissan to create the world’s third-largest carmaker have gone haltingly since the plans were first announced in December.
BUSINESS / Companies
Feb 5, 2025
Nissan shares plunge, Honda's rise as end to merger talks reported
Shares in Nissan slid more than 4% before trade was suspended by the Tokyo Stock Exchange following the Nikkei report.
Nippon Steel and United States Steel said in an opening brief Monday that the Committee on Foreign Investment in the United States violated their due process rights last year by allowing "virtually no substantive engagement” with the companies.
BUSINESS / Companies
Feb 4, 2025
Nippon Steel and U.S. Steel blast Biden's 'sham' merger block
While Biden is no longer in office, President Donald Trump has expressed his own opposition to the deal.
Nissan President Makoto Uchida (left), Honda President Toshihiro Mibe and Mitsubishi Motors President Takao Kato at a news conference in Tokyo on Dec. 23.
BUSINESS / Companies
Jan 31, 2025
Honda and Nissan to unveil integration outline in mid-February
Mitsubishi Motors will postpone making a final decision on whether to join the integration.
"As main shareholder of Nissan, Renault will consider all options based on the best interest of the group and its shareholders,” said a spokesperson for Renault, regarding a merger of Nissan and Honda.
BUSINESS / Companies
Jan 30, 2025
Renault seeks takeover premium from Honda for Nissan stake
Representatives for Renault flew to Japan earlier this week to voice concerns over how a tie-up may be structured, sources said.
Nidec announced its takeover bid for machine manufacturer Makino Milling Machine without first making a proposal. Such nonconsensual takeover bids are increasing.
BUSINESS / Companies
Jan 29, 2025
Japanese ministry opens door to taboo corporate takeovers
It used to be common for takeover bids to be launched after both sides reached an agreement in behind-the-scenes negotiations.
Nippon Life Insurance will establish a new headquarters division in late March to manage its foreign businesses, and its overseas insurance and asset management departments will be absorbed into that organization, people familiar with the matter have said.
BUSINESS / Companies
Jan 27, 2025
Nippon Life to revamp overseas business operations after acquisitions
Japan’s biggest life insurer will establish a new headquarters division in late March to manage its foreign businesses, and absorb related departments into that organization.
US Steel’s Mon Valley facility in Pennsylvania. Activist investor Ancora Holdings Group has nominated nine candidates for U.S. Steel’s board and is pushing for the company to abandon a takeover by Nippon Steel.
BUSINESS / Companies
Jan 27, 2025
Ancora seeks U.S. Steel board revamp and end to Nippon Steel deal
The Cleveland-based activist investor intends to push U.S. Steel to end litigation aimed at rescuing the Nippon Steel deal and instead collect a $565 million breakup fee.
Elon Musk, left, with Vivek Ramaswamy on Capitol Hill in Washington on Dec. 5.
BUSINESS / Tech
Jan 15, 2025
SEC accuses Elon Musk of bilking Twitter investors out of millions
The agency’s complaint accuses Musk of failing to promptly report that he had amassed more than 5% of the social media platform’s stock in early 2022.
U.S. Steel’s Edgar Thomson Steel Works in Braddock, Pennsylvannia, in 2019. Nippon Steel and U.S. Steel face significant legal challenges in their case against the United States.
BUSINESS / Companies
Jan 15, 2025
Nippon Steel’s case against Biden probably unwinnable, attorneys argue
A U.S. president's rejection of a deal following review by the Committee on Foreign Investment in the United States has only been successfully challenged once.
Cleveland-Cliffs is reportedly in talks with North Carolina-based steelmaker Nucor to acquire U.S. Steel.
BUSINESS / Companies
Jan 14, 2025
Japan avoids commenting on Cleveland-Cliffs CEO's provocative comment
Lourenco Goncalves’ remarks over Nippon Steel’s takeover bid for U.S. Steel and description of Japan as being "evil" stunned many in Tokyo.
SoftBank's Arm Holdings may be interested in taking over chip designer Ampere Computing.
BUSINESS / Companies
Jan 14, 2025
SoftBank's chip designer Arm considers acquiring Ampere Computing
Oracle-backed Ampere makes processors for data center machinery using Arm’s technology.
Cleveland-Cliffs and Nucor may launch a joint bid for United States Steel after Nippon Steel's bid was blocked by U.S. President Joe Biden earlier this month.
BUSINESS / Companies
Jan 14, 2025
Cleveland-Cliffs and Nucor consider joint bid for U.S. Steel
An offer would involve Cleveland-Cliffs acquiring most of U.S. Steel and Nucor taking its so-called mini-mill assets, a source says.
Prime Minister Shigeru Ishiba speaks to reporters after a three-way virtual summit with U.S. President Joe Biden and Philippine President Ferdinand Marcos Jr. on Monday.
JAPAN / Politics
Jan 13, 2025
Ishiba urges Biden to dispel concern about investment in U.S.
Japanese firms invested almost $800 billion in the United States in 2023, more than any other country, and 14.3% of the total, according to official U.S. data.
The exterior of a blast furnace building run by Nippon Steel in Kashima, Ibaraki Prefecture.
BUSINESS / Companies
Jan 12, 2025
U.S. delays enforcement of order blocking Nippon Steel-U.S. Steel deal
The delay will give the courts time to review a legal challenge brought by parties earlier this month against Biden's order.

Longform

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