Tag - mergers

 
 

MERGERS

Japan Times
BUSINESS / Companies
Jun 3, 2019
France presses for concessions from Fiat in Renault merger proposal
The French government, Renault SA's biggest shareholder, wants additional guarantees from Fiat Chrysler Automobiles NV in its proposal to merge the two carmakers as it seeks to avoid job cuts in France and protect national interests, according to sources familiar with the matter.
Japan Times
BUSINESS / Companies
May 30, 2019
Jobs and Nissan will be safe with any Fiat Chrysler deal, Renault's Jean-Dominique Senard says
Tapped to lead a Franco-Italian carmaking giant formed by merging Renault SA and Fiat Chrysler Automobiles NV, Jean-Dominique Senard is in Tokyo to make what may be the sales pitch of his career.
Japan Times
BUSINESS / Companies
May 27, 2019
Fiat Chrysler proposes operational tie-up with Renault SA
In a deal that would create the world's third-biggest carmaker Fiat Chrysler Automobiles NV on Monday proposed a merger with Renault SA.
Japan Times
BUSINESS / Companies / ANALYSIS
May 15, 2019
Nissan faces mounting problems on its turnaround path, analysts say
The earnings report and forecast disclosed Tuesday by the automaker underscored a big problem after the arrest and ouster of former Chairman Carlos Ghosn— stabilizing its auto business.
Japan Times
BUSINESS / Companies
May 13, 2019
Nissan pushes back on Renault's renewed efforts to merge
Nissan Motor Co. is opposing renewed efforts by alliance partner Renault SA to merge under a holding company because such a structure won't help turn it around, according to a source with knowledge of the discussions.
Japan Times
BUSINESS / Companies
Apr 23, 2019
Renault again proposed merging with Nissan, this time under post-Carlos Ghosn management
Nissan rejected the proposal made in mid-April, the source said, possibly jeopardizing the recent momentum for improving ties between the two companies.
Japan Times
BUSINESS / Companies
Apr 1, 2019
New Japanese oil giant created with Idemitsu-Showa Shell merger
Idemitsu Kosan Co., Japan's second-largest oil wholesaler, and fourth-ranked Showa Shell Sekiyu K.K. merged Monday, creating a new oil giant to better compete in increasingly challenging market conditions amid falling demand for gasoline.
Japan Times
BUSINESS / Companies
Mar 27, 2019
Renault wants merger with Nissan and Fiat Chrysler: report
Renault SA is aiming to restart merger talks with Nissan Motor Co. within 12 months as the first step toward the creation of a bigger auto conglomerate that will involve a bid by both companies for Fiat Chrysler Automobiles NV, the Financial Times reported Wednesday.
Japan Times
BUSINESS / Companies
Mar 15, 2019
Itochu wins bigger stake in sportswear-maker Descente in rare hostile takeover for Japan
Trading house Itochu Corp. said Friday it has increased its stake in major sportswear-maker Descente Ltd. to 40 percent, succeeding in what, for Japan, was a rare hostile takeover bid.
Japan Times
BUSINESS
Jan 21, 2019
France downplays Renault-Nissan merger idea amid tensions over lopsided alliance built by Ghosn
France's finance minister says there is no plan to remodel the alliance between Renault SA and Nissan Motor Co., despite reports to the contrary.
Japan Times
BUSINESS
Jan 7, 2019
With nearly $900 billion in cash at the ready, Japan's M&A spending spree likely to continue
Japan outmuscled China to dominate mergers and acquisitions in Asia last year, and with companies in possession of more than $890 billion in cash, the spending spree is likely to continue in 2019.
Japan Times
BUSINESS / Companies
Dec 18, 2018
Idemitsu-Showa Shell merger gets shareholder approval in last hurdle for long-delayed plan
Major refiners Idemitsu Kosan Co. and Showa Shell Sekiyu K.K. each won approval from their shareholders Tuesday for their long-delayed merger plan, clearing the last hurdle for the April creation of a new oil industry giant.
Japan Times
BUSINESS
Dec 16, 2018
Air hockey-playing robot shows how Huawei haunts T-Mobile's Sprint deal
Huawei Technologies Co. and wireless carrier SoftBank Group Corp.' close business dealings could be an issue in T-Mobile U.S. Inc.'s proposed purchase of SoftBank's Sprint Corp.
Japan Times
BUSINESS / Companies
Dec 12, 2018
Idemitsu and Showa Shell merger gets approval from antitrust regulators at home and abroad
Major oil refiners Idemitsu Kosan Co. and Showa Shell Sekiyu K.K. said Wednesday their planned merger has been approved by all relevant antitrust authorities at home and abroad, moving them closer to consolidation on April 1.
Japan Times
BUSINESS / Companies
Oct 16, 2018
Idemitsu chief Shunichi Kito to head new firm after merger with rival Showa Shell
The company to be formed through a merger between major oil refiners Idemitsu Kosan Co. and Showa Shell Sekiyu K.K. will be led by Idemitsu President Shunichi Kito, company sources said Tuesday.
Japan Times
BUSINESS / Companies
Jul 10, 2018
Japanese refiner Idemitsu wins family backing for Showa Shell merger
The two oil refiners said Tuesday they have agreed to merge April 1, after Idemitsu's founding family dropped its long-standing opposition to the plan.
Japan Times
BUSINESS / Companies
Jun 27, 2018
Idemitsu Kosan resumes talks with founding family on Showa Shell merger
The son of founder Sazo Idemitsu and other relatives have argued that their firm's philosophy of treating employees as family is incompatible with Showa Shell's corporate culture.
Japan Times
BUSINESS / Companies
Jun 26, 2018
New Xerox CEO calls Fujifilm's bid to renew merger talks 'delusional,' casts shadow over Fuji Xerox venture
Xerox Corp. CEO John Visentin blasted his Fujifilm Holdings Corp. counterpart's efforts to revive merger talks and warned that he doesn't plan to renew the companies' Asia joint venture Fuji Xerox in 2021.
BUSINESS / Companies
Jun 22, 2018
New York judge rejects Fujifilm bid to dissolve Xerox deal injunction
Fujifilm Holdings Corp. failed to persuade a Manhattan state judge to dissolve an order barring its planned merger with Xerox Corp., cutting off a possible option for keeping the deal alive.
Japan Times
BUSINESS / Companies / FOCUS
May 9, 2018
Challenges await Takeda after $62 billion Shire victory
Takeda Pharmaceutical Co.'s Chief Executive Officer Christophe Weber navigated rebuffs, critics and a plunging stock price to win a $62 billion (¥6.8 trillion) deal to acquire larger rival Shire Plc.

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