All Mergers & acquisitions Articles

Hochtief urges shareholders to reject ACS offer
Hochtief considers the € 2,7 billion (US$ 3,5 billion) all share offer “financially inadequate”.
Qatar government takes 9,1% stake in Hochtief
Strategic investment raises new funds and puts up new barrier to ACS acquisition.
German regulator allows ACS offer for Hochtief
BaFin gives the green light to what Hochtief views as a hostile takeover bid
Basic Element to buy back 17% of Strabag
Russian investor buys back into Strabag. At the same time, the Austrian contractor has announced plans to buy a minority stake in the group’s infrastructure company.
Hochtief seeks second Australian defence
Takeovers Panel to rule on full acquisition of Leighton should ACS gain control of Hochtief.
ACS plans share issue to fund Hochtief acquisition
Majority of ownership has indicated approval to issue up to 157 million new shares.
Strabag grants Deripaska three-week extension
Russian oligarch given more time for legal formalities in his re-acquisition of a 25% stake in the Austrian contractor.
SNC-Lavalin sets up Brazilian joint venture
Canadian contractor to work with Brazil’s Alusa to target EPC work.
Lennar buys distressed assets
US house builder spends US$ 740 million on delinquent loans and uncompleted properties.
Hochtief seeks Australian defence against ACS
Possible requirement to fully acquire Leighton would make takeover too expensive.
Contractor sells stake in NT2 hydropower scheme
Italian-Thai Development has sold its 15% stake in the Nam Theun 2 scheme in Laos, one of largest hydropower schemes in south-east Asia.
Hyundai to bid for stake in E&C company
Bidding war may ensue as Hyundai Group and Hyundai-Kia Automotive Group battle over a 35% stake in Korea's largest contractor.
ACS makes all-share bid for Hochtief
Eventual consolidation would create Europe’s largest contractor, but the offer may have to be improved.
Fiat to spin-off CNH and Iveco
Italian conglomerate to separate capital goods and car businesses.
Heidelberg expands in Africa
Company takes majority stake in Democratic Republic of Congo’s leading cement manufacturer.
Deere exits wind energy
Construction & agricultural equipment manufacturer to sell 735 MW wind farm portfolio for US$ 900 million.
Atlas Copco acquires Hartl to move into mobile crushing
Hartl Anlagenbau GmbH has been acquired by Atlas Copco Austria GmbH, providing the latter with an entry into the mobile crushing and screening sector
Cemex completes Kentucky divestments
Deal sees former Florida Rock Industries executives re-enter the aggregates & concrete business.
Aecon to buy into oil sands extraction
Acquisition of mining contractor Cow Harbour expected to close by the end of August.
Aecom acquires Tishman Construction
Aecom has acquired Tishman Construction for US$ 245 million. Tishman Construction provides construction management services in the US and UAE.
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