French firms Snecma, Sagem poised to announce merger
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French aircraft motor maker Snecma and French telecommunications equipment group Sagem &quot;will announce their merger on Friday,&quot; a Sagem spokeswoman said.
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The French government expects to reach a decision on the merger of state-controlled Gaz de France with private energy group Suez by the end of September, the government spokesman said Wednesday.
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French energy group Suez and state-owned Gaz de France (GDF) are &quot;headed for an agreement&quot; on a merger to create a new European power giant after 18 months of delays, a source close to the negotiations said Sunday.
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The head of French bank Societe Generale  has hired investment banks to advise on the possibility of a merger with larger domestic rival BNP Paribas , Les Echos newspaper reported on Friday.
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Shares in the French insurer Axa gained in afternoon trade here on a Financial Times report that Axa is in talks to acquire Credit Suisse Group's Winterthur unit.
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NYSE Group Inc. Chief Executive John Thain said on Tuesday he was confident that shareholders of pan-European bourse Euronext would approve its planned merger with the New York Stock Exchange.
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(InfoWorld) - The European Commission approved Fujitsu's planned acquisition of French computer services group GFI Informatique, even though the deal is uncertain to materialize. "The planned deal won't have a significant impact on competition," the Commission said Tuesday in a statement. Fujitsu-controlled FS Participation SAS bid $530 million for GFI. The move is part of Fujitsu's aim to boost its presence in key European markets. Fujitsu competes against IBM and Electronic Data Systems in IT services. It hopes that acquiring GFI will help it expand into France and Spain, while the group's global channels help GFI gain contracts abroad, Fujitsu said. Fujitsu's pursuit of GFI has hit a snag, however, as private-equity firm and stakeholder Apax Partners increased its stake in the French firm. Fujitsu may be forced to raise its offer or seek another target in France or Spain. The bid for GFI follows a string of acquisitions by Fujitsu that includes German system developer TDS Informationstechnologie in January for about â¬100 million ($136 million). The company hopes to boost European sales by 8 percent a year over the next three years, helped by mergers and acquisitions.
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French energy group Suez and state-owned Gaz de France will announce Monday a decision on whether to merge into what would be one of Europe&#39;s biggest power companies, the French presidency said Saturday.
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Europe's biggest medical device maker,  Smith & Nephew Plc (S&N) , is close to making a formal  bid for U.S. rival Biomet Inc. , British newspapers  reported on Sunday.
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French electronic equipment maker Sagem SA and state-controlled aircraft engine maker Snecma said Friday they plan to merge to create a new aerospace, defense and telecommunications group.
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Acquisition-happy firm gobbles up 70 percent Sage, the UK-based biz management software maker, has acquired a majority stake in French firm XRT.â¦
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Air France-KLM  could provide strategic or financial help in Delta Air Line Inc's  pursuit of a merger with another airline, The Wall Street Journal reported on Thursday.
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French equities look well placed to post tidy gains in 2005, with the benchmark CAC-40 index seen rising to around 4,100-4,200 points, bolstered by increased merger and acquisitions activity and attractive valuations, analysts said.
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A long-anticipated merger may soon come true.
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French defence electronics group Thales is considering a tie-up with British rival BAE Systems, French group Snecma or Italian firm Finmeccanica, without saying goodbye to a possible merger with EADS, the ...
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Indian outsourcer Wipro said Wednesday that it has not been in talks to acquire or merge with French IT services company, Capgemini.The statement by Wipro follows reports in the media last month that Wipro was considering acquiring the French company.Wipro is India&#39;s third largest software outsourcer after Tata Consultancy Services, and Infosys Technologies.Wipro said it was issuing the statement at the request of French securities regulator, Autorit&#233; des march&#233;s financiers (AMF).An Indian newspaper, The Hindustan Times, said in December that&#160;Wipro was expected to bid for Capgemini&#160;by the end of January, citing unnamed sources. The report pushed Capgemini&#39;s share price up, but the bid never materialized.A Capgemini spokeswoman denied at the time that there were any talks between Wipro and Capgemini on this issue.Earlier in June, another Indian newspaper, The Times of India, said that Infosys was planning to acquire Capgemini.Indian IT companies, including Wipro, have shown interest in acquiring companies abroad both to get access to new markets or to add new services.An acquisition of Capgemini would give an Indian outsourcer access to European markets, but the cultural incompatibilities are too high, said Siddharth Pai, a partner at sourcing consultancy firm, Technology Partners International Inc (TPI) in Houston, Texas.
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The long-delayed merger of French energy groups Suez and state-owned Gaz de France could be announced next week, creating one of Europe&#39;s biggest power companies after 18 months of delays, a source told AFP on Friday.