Microchip Has Advantage over Dialog in Atmel Contest

Microchip, the microcontroller manufacturer based in Chandler, Arizona, has the advantage over Dialog Semiconductor in the bidding war for Atmel, said a source familiar with the matter as well as two Atmel investors. Dialog, based in London, has the wherewithal to increase its offer, the sources said. But even if it does, Microchip probably has … Read Morepublic

FTC Loses Challenge to Steris Merger

A federal judge in Cleveland Thursday denied the Federal Trade Commission’s request to block the merger of Steris Corp. and Synergy Health plc, clearing the way for two of the three leading providers of medical device sterilization services to join in a $1.9 billion transaction. Judge Dan A. Polster ruled in a 41-page decision that … Read Morepublic

Staples-Office Depot Resolution with FTC Remains Uncertain

Staples, Inc. and Office Depot, Inc. investors were understandably jolted by reports that Federal Trade Commission Bureau of Competition head Deborah Feinstein is seriously considering blocking the merger of the No. 1 and No. 2 office supply store retailers. “It is certainly possible that the FTC has found that Staples and Office Depot are two … Read Morepublic

Clock Ticking Down on M&T-Hudson City Merger

With the clock rapidly ticking down on one of the longest pending bank mergers in U.S. history — M&T Bank Corp.’s proposed acquisition of Hudson City Bancorp — an expert in financial mergers who has closely followed the twisting saga believes the deal will likely be approved, provided the Federal Reserve is convinced that M&T … Read Morepublic

Senate Hearing Previews Antitrust Reviews for Aetna and Anthem Deals

The top executives at Aetna and Anthem defended their pending mergers with competitors Humana and Cigna, respectively, during a Senate hearing Tuesday, where the companies insisted to members of a key antitrust committee that avid competition will continue in the insurance markets even after the huge deals. “Competition will no doubt continue to flourish after … Read Morepublic

Interview: Views on Woodside-Oil Search

Last week, Papua New Guinea-focused energy company Oil Search rejected an $8 billion offer by Perth-based rival Woodside. In an interview with CTFN, Squire Patton Boggs partners, Simon Rear, who specializes in M&A and capital markets, and energy and natural resources specialist, Clare Pope, shared their views on the potential deal and discussed its economic, … Read Morepublic

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SoftBank Probably Needs to Give Sprint Further Infusion of Capital

SoftBank will probably give Sprint an infusion of capital rather than permit it to go broke, said two sector executives and an analyst. But the manner in which SoftBank provides the Kansas-based carrier with additional funds may utilize structures like leasing facilities to avoid 100% ownership of Sprint. Last week, Moody’s downgraded Sprint’s corporate family … Read Morepublic

ACCC Extension Likely a Temporary Setback for Shell-BG Merger

Australia’s delay in approving the proposed $70 billion merger of Royal Dutch Shell and BG Group is a temporary setback but will not likely prove  insurmountable, an expert on Australian competition rules told CTFN. On Thursday, the Australian Competition and Consumer Commission issued a “Statement of Issues” saying a preliminarypublic

China Positioning Will Likely Rule Shell-BG Merger Approval

With the proposed $70 billion merger of Royal Dutch Shell and BG Group still needing the approval of Chinese regulators, veteran China observers say do not be surprised if the deal is approved but with requirements that the companies divest certain assets or keep their assets separate within China’s borders. Gordon Houlden, director of the … Read Morepublic

Sweetened PartnerRe-AXIS Terms Unlikely to Swing Vote

Faced with a shareholder vote that was looking increasingly in favor of a hostile takeover by Italian conglomerate EXOR SpA over a “merger of equals” with AXIS Capital, PartnerRe and AXIS last week delayed shareholder meetings to approve their union until August 7. Thursday, the Bermuda-based reinsurers upped the ante. Among enhanced revisions are an … Read Morepublic

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