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Highlights: August 15 - August 19, 2016

Staff Writer | August 22, 2016
The summary of the last week's key headlines and the most interesting stories.
Highlights of the week
WEEK AT A GLANCE  
Payments provider Sage hit by data breach, 280 companies exposed

Sage GroupSage Group, a provider of accounting, payroll and payments software for businesses, said an internal login had been used to gain unauthorized access to the data of some of its British customers....

Post Properties, MAA enter $17 billion merger agreement

Post PropertiesMAA and Post Properties have entered into a definitive merger agreement under which Post Properties will merge with and into MAA....

Xylem to acquire Sensus in $1.7 billion deal

XylemXylem, a water technology company, has signed a definitive agreement to acquire Sensus for approximately $1.7 billion in cash....

Santos takes $1.5 billion write-down on GLNG project

SantosAustralian oil and gas producer Santos expects to take a pre-tax charge of $1.05 billion after tax against the carrying value of GLNG development in Queensland to recognise the current challenging market environment....

Sysco Q4 net earnings skyrocketed 195.3 percent

SyscoSysco announced a surge in fourth quarter net earnings as sales were up 10 percent from the prior year....

TPG Capital to buy RCN Tele & Grande Comm for $2.25 billion

TPG CapitalPrivate equity firm TPG Capital said that it agreed to acquire two regional broadband services providers, RCN Telecom Services and Grande Communications Networks....

Genesee & Wyoming to buy Providence and Worcester Railroad in $126m deal

Genesee & WyomingGenesee & Wyoming has agreed to acquire Providence and Worcester Railroad Company (P&W) for $25.00 per share, or approximately $126 million....

AIG to sell unit to Arch Capital for $3.4 billion

AIGAmerican International Group (AIG) said it will sell its mortgage-guaranty unit to Arch Capital Group for about $3.4 billion....

Singtel pays $1.8 billion for stakes in two Asian telecoms

SingtelSingtel said it is buying 21 percent of Thai telecoms Intouch Holdings for S$1.59 billion and 7.39 percent of India's Bharti Telecom for S$884 million....

Fruit, vegetables exports from Vietnam to China increased 218 percent

Vietnam fruitVietnam General Department of Customs reported that during the first half of 2016, fruit and vegetable exports from Vietnam to China increased by over 218 percent. ...

Nestle trading operating profit CHF 6.6 billion in H1

NestleNestle trading operating profit was CHF 6.6 billion, with a margin of 15.3%, up 30 basis points on both a reported basis and in constant currencies....

United Bankshares to buy Cardinal Financial in $912 million deal

United BanksharesUnited Bankshares signed a definitive merger agreement with Cardinal Financial Corporation, a publicly traded financial services holding company headquartered in Tysons Corner, Virginia....

Global power and utilities Q2 deal value up 105%

Power gridCorporate mergers and buyers focused on global renewables and regulated assets led a 105% increase in global power and utilities deal value in the second quarter compared to the same period in 2015....

Argentina: Apple imports grew by 500% up to June

Argentina applesThe growing presence of imported apples in local stores in Argentina is starting to cause some concern among producers and businesses in the region....

Emerson to buy Valves & Controls unit from Pentair for $3.15bn

PentairEmerson, an engineering and electronics company, has signed an agreement to purchase the Valves & Controls business of Pentair for $3.15 billion....


 

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