Mergers - Acquisitions - Takeovers

NEWS ANALYSIS

Marchionne wants to complete mega deal before stepping down, report says

11:32 am U.S. ET | April 13, 2015

Fiat Chrysler CEO Sergio Marchionne is hoping for a big deal, possibly in the United States, to plug the carmaker's weaknesses and cement his legacy before stepping down in early 2019, sources familiar with the situation told Reuters....
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Fiat Chrysler's Elkann sees more consolidation in auto industry

2:13 pm U.S. ET | April 13, 2015

Fiat Chrysler Automobiles Chairman John Elkann sees the need for more combinations in the auto industry and expects consolidation to continue. Elkann said industry mergers should take into account the importance of identity and culture, "avoiding the all too typical divisive trappings of a takeover."...
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Too early to talk tie-up, Tavares says

12:01 am U.S. ET | April 6, 2015

Equity research firm MainFirst has speculated how a potential merger between Fiat Chrysler Automobiles and PSA Peugeot Citroen could work out. But PSA will be ready for a possible merger only after it has completed its recovery plan, CEO Carlos Tavares told an Italian newspaper....
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Berkshire Hathaway Automotive targets growth, possibly abroad

3:00 pm U.S. ET | March 31, 2015

Berkshire Hathaway Automotive already is on the prowl to acquire more dealerships. And, top executives hinted today, that might include looking outside the US. Berkshire Hathaway closed on its purchase of Van Tuyl Group on March 9...
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Auto-parts exec Tilton, 'turnaround queen,' faces fraud charges

9:44 am U.S. ET | March 31, 2015

Federal regulators accused financier and auto-parts executive Lynn Tilton and her advisory business of defrauding investors by hiding poor performance of assets underlying three collateralized loan obligation funds....
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PSA CEO Tavares dampens talk of Fiat Chrysler merger

March 31, 2015 11:48 CET

PSA/Peugeot-Citroen will only be ready for a possible merger after it has completed its recovery plan, CEO Carlos Tavares told a newspaper, dampening speculation of a potential tie-up with Fiat Chrysler....
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Magna negotiating to sell interiors business to Grupo Antolin, report says

12:25 pm U.S. ET | March 30, 2015

Canada's Magna International is in talks to sell its car-interior business to Spain's Grupo Antolin, people familiar with the matter told Bloomberg....
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ChemChina hopes to re-list Pirelli in Italy; says counterbid will hurt investors

March 30, 2015 09:14 CET

The chairman of China National Chemical Corp. (ChemChina), Ren Jianxin, said he hopes to re-list Italy's Pirelli on the Italian stock exchange. A counterbid for Pirelli would hurt the Italian firm's investors and long-term strategy, he warned....
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Pirelli CEO sees strong future with ChemChina, no talks on counterbid

March 27, 2015 12:07 CET

Pirelli has a strong future with China National Chemical Corp. and is not talking to others about a possible counterbid, CEO Marco Tronchetti Provera said. ChemChina agreed to become the majority owner of the world's fifth-largest tire maker in an $8 billion deal. The market speculated that Bridgestone could be putting together a counterbid....
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Pininfarina investor confirms India's Mahindra is interested in buying Italian design company

March 26, 2015 11:39 CET

Pininfarina's controlling shareholder, Pincar, confirmed that India's Mahindra & Mahindra has expressed interest in buying the Italian car designer. Mahindra is one of heavily indebted Pininfarina's most important customers....
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India's Mahindra said to be in talks to buy car designer Pininfarina

7:49 am U.S. ET | March 25, 2015

Mahindra & Mahindra, India's largest maker of SUVs, is in talks to buy Italian auto design and engineering company Pininfarina SpA, people familiar with the matter told Bloomberg....
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LARRY P. VELLEQUETTE

BLOG: Fiat Chrysler may find perfect partner is from Asia

12:01 am U.S. ET | March 23, 2015

Sergio Marchionne wants a dance partner for Fiat Chrysler Automobiles. The financial media keep trying to fix him up with VW, but I think Marchionne has his eye on a mate in Asia. To me, the best partners, in descending order, are Suzuki, Mazda and Hyundai....
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Pirelli to be bought by ChemChina in $7.7 billion deal

March 23, 2015 09:37 CET

China National Chemical will buy into Pirelli in a $7.7 billion deal that would place one of the symbols of Italy's manufacturing industry in Chinese hands. But the bid may turn into a protracted takeover battle....
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LARRY P. VELLEQUETTE

FCA may find perfect partner is from Asia

12:01 am U.S. ET | March 23, 2015

Sergio Marchionne wants a dance partner for Fiat Chrysler Automobiles. The financial media keep trying to fix him up with Volkswagen, but I think Marchionne has his eye on a mate in Asia. To me, the best partners, in descending order, are Suzuki, Mazda and Hyundai....
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Porsche SE faces payment of 428 million euros in tax arrears

March 18, 2015 12:10 CET

Porsche SE is facing the payment of 428 million euros ($454 million) in tax arrears this year dating back to the period when the company tried to take over Volkswagen. The payment may shrink Porsche SE's net liquidity and cap dividend payouts, finance chief Hans Dieter Poetsch said....
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VW Chairman Piech, Porsche family on witness list in hedge-fund lawsuit

March 18, 2015 11:35 CET

VW Group Chairman Ferdinand Piech and Porsche SE Chairman Wolfgang Porsche are among 21 people who will be asked to testify by a German court in a 1.8 billion euro lawsuit filed by two U.S. hedge funds....
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Fiat Chrysler CEO says combination with GM, Ford 'feasible'

2:47 pm U.S. ET | March 12, 2015

Fiat Chrysler Automobiles CEO Sergio Marchionne says he is open to a combination with General Motors or Ford, and a deal with one of the larger US counterparts would be “technically feasible.”...
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Berkshire Hathaway completes Van Tuyl acquisition

10:51 am U.S. ET | March 10, 2015

Warren Buffett's Berkshire Hathaway completed its purchase of the Van Tuyl Group, the largest dealership acquisition in industry history. All aspects of the sale were finalized Monday. The new Berkshire Hathaway Automotive now is the fifth-largest dealership group in the US....
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Apple CEO sidesteps shareholder enthusiasm for a Tesla deal

5:04 pm U.S. ET | March 10, 2015

Apple CEO Tim Cook on Tuesday found himself facing shareholders eager for a marriage or deal with Tesla Motors....
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Chipmakers bulk up for auto challenges

12:01 am U.S. ET | March 9, 2015

For the connected, automated cars of the future, choosing the right silicon may be as important as choosing the right steel. That's the thinking behind the bet made last week by Dutch chipmaker NXP Semiconductors NV, which agreed to acquire Texas-based Freescale Semiconductor Ltd. for $11.8 billion, signaling that it will pitch its products to automakers as the most secure and reliable in the business....
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Supplier Chassix buys times with debt holders

3:32 pm U.S. ET | March 5, 2015

Chassix, the auto-parts maker owned by billionaire Tom Gores' Platinum Equity LLC, said its bondholders agreed to refrain for a month from pursuing a default after the company missed an interest payment....
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ZF-TRW deal to be approved by EU regulators, report says

1:48 pm U.S. ET | March 4, 2015

EU antitrust regulators are expected to clear German car parts maker ZF Friedrichshafen's $13.5 billion bid for US peer TRW Automotive Holdings with conditions, two people with knowledge of the matter told Reuters today....
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Marchionne says he has merger candidate in mind, but it's not VW

6:22 am U.S. ET | March 3, 2015

Volkswagen is not the ideal candidate for a tie-up with Fiat Chrysler, the CEO Sergio Marchionne said today, adding he was exploring various merger and acquisition options....
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NXP to buy Freescale in $11.8 billion deal for automotive microchips

2:29 pm U.S. ET | March 2, 2015

Dutch chipmaker NXP Semiconductors NV said today it will pay $11.8 billion to acquire Texas-based Freescale Semiconductor. NXP has succeeded where other European chipmakers have struggled by focusing on products for the auto industry and mobile payments....
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Buffett says Berkshire's job is to perform, grow in auto retail

11:16 am U.S. ET | March 2, 2015

With Berkshire Hathaway's purchase of the Van Tuyl Automotive dealership group materially complete, Warren Buffett already is looking toward how to expand his company’s dealership holdings....
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