Tag - acquisitions

 
 

ACQUISITIONS

Bain Capital had announced a plan to commence its tender offer for Fuji Soft shares by early February at ¥9,600 apiece
BUSINESS / Companies
Feb 11, 2025
Bain may not launch tender offer for Fuji Soft
In a statement, Bain said that it is "carefully considering" its future policy, including "the option of withdrawing" its tender offer plan.
On Sunday, U.S. President Donald Trump told reporters that U.S. Steel would remain American.
BUSINESS / Companies
Feb 10, 2025
Nippon Steel goes quiet after U.S. Steel deal seemingly nixed for good
Comments over the weekend by U.S. President Donald Trump and Prime Minister Shigeru Ishiba point to the U.S. steelmaker remaining American.
U.S. President Donald Trump speaks to reporters aboard Air Force One, en route to New Orleans to attend the Super Bowl, on Sunday.
BUSINESS / Companies
Feb 10, 2025
Trump says Nippon Steel cannot have a majority stake in U.S. Steel
Prime Minister Shigeru Ishiba also appeared to have discussed a revised plan with Nippon Steel before presenting it to Trump at their recent summit.
Prime Minister Shigeru Ishiba and U.S. President Donald Trump hold a joint news conference in the East Room of the White House in Washington on Saturday.
JAPAN / Politics
Feb 9, 2025
Ishiba says Trump didn't push defense spending hike or discuss tariffs
Ishiba also echoed Trump's pledge to help mediate a move by Japan’s Nippon Steel to invest in U.S. Steel rather than purchasing the American company.
Mitsubishi Tanabe Pharma will be acquired by U.S. private equity firm Bain Capital for ¥510 billion.
BUSINESS / Companies
Feb 9, 2025
Bain to acquire Mitsubishi Tanabe Pharma in $3.3 billion deal
Tanabe Pharma focuses on therapeutic areas such as immunology and inflammation, vaccines, diabetes, and central nervous system and metabolic disease.
Meiji Yasuda Life Insurance will acquire Banner Life Insurance in the United States as it seeks to expand its business overseas amid sluggish domestic market.
BUSINESS / Companies
Feb 9, 2025
Meiji Yasuda to acquire U.S. peer Banner Life
Japanese life insurance companies are expanding overseas for growth as the domestic market shrinks.
Nippon Steel's pursuit of U.S. Steel has stretched on for more than a year, with U.S. President Donald Trump vociferously condemning the proposal on numerous occasions, before Friday's more tempered remarks at the Oval Office with Prime Minister Shigeru Ishiba at his side.
BUSINESS / Companies
Feb 8, 2025
Trump says Nippon Steel will invest in U.S. Steel, not buy it
It was unclear if the investment referred to a new deal structure and what the details of the transaction would be.
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.

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