Deutsche Amasses GrainCorp Holdings, Yelp Buys Qype: Mergers and Acquisitions Recap
Terms of the fairly recent proposed €5.16 billion purchase of the Dutch package-delivery firm TNT Express by United Parcel Service (NYSE:UPS) have the former in advanced negotiations with a minimum of two prospective buyers to divest its airline subsidiary, according to the Wall Street Journal. A complicating factor for the discussions is the fact that UPS and TNT still must gain the European Commission’s approval for their deal.
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Deutsche Bank (NYSE:DB) is amassing 5.2 percent holding in GrainCorp, for which Archer Daniels Midland Co. (NYSE:ADM) is offering $2.8 billion. The German bank has been acquiring shares since June, but observers opine that it is for investment purposes as opposed to being on behalf of a rival suitor.
Yelp (NYSE:YELP) buys the European review site Qype in a transaction set to close in the fourth quarter. The $50 million purchase fits the firm’s broad strategy to enter into new markets via the addition of relevant content for 13 different European countries.