Mergers and Acquisitions

Kimberly-Clark plans to eliminate up to 1,300 jobs as part of restructuring efforts aimed at reducing costs and making its business more efficient.

AbbVie is walking away from its proposed $55 billion takeover bid of Shire and has agreed to pay the rival drugmaker a $1.64 billion breakup fee.

Sears is looking to raise more cash, announcing that it is planning a rights offering that may raise up to $625 million.

E-commerce site eBay Inc. said Monday that venture capitalist Marc Andreessen has resigned from its board, less than a month after the company announced a spinoff of its PayPal payments business.

After being rejected earlier this month, Mitel Networks Corp. publicity announced its $540 million offer to buy rival business communications company ShoreTel Inc.

An investment group led by Macquarie Infrastructure and Real Assets will buy the Louisiana power company Cleco for $3.4 billion.

The $72.8 million sale of Montana's Mountain West Bank to First Interstate Bank closes Friday.

Eagle Materials is moving further into the energy sector by buying a company that sells an ingredient crucial to the hydraulic fracturing techniques now widely used to extract oil and natural gas.

Energy West Inc. is selling its subsidiary, Energy West Wyoming Inc. to Black Hills Corp. for $17 million.

Two Brazilian companies are raising their bid for banana company Chiquita to approximately $658 million.

Steris Corp. is spending about $1.9 billion to the buy British sterilization services company Synergy Health as U.S. corporations continue to incorporate overseas despite attempts to make such tax-saving maneuvers less lucrative.

Norwegian energy company Statoil says it has sold its stake in the Shah Deniz gas project in Azerbaijan to Malaysian company Petronas for $2.25 billion.

Ireland's Endo International is buying Auxilium Pharmaceuticals Inc. in a sweetened cash-and-stock deal valued at $2.6 billion a few weeks after Auxilium rejected a lower bid for the company.

The snack company Mondelez named a former Dell executive as its chief financial officer Thursday.

Chevron's Canadian subsidiary is selling its 30 percent stake in its Duvernay shale play to Kuwait Foreign Petroleum Exploration Co. in a $1.5 billion deal.

After a year that's been awash with multi-billion dollar deals, the number and value of mergers and acquisitions looks set to return to pre-crisis levels over the coming 12 months, consulting firm EY said Monday.

Medical device maker Medtronic is switching to $16 billion in financing to complete its purchase of Ireland-based competitor Covidien a few weeks after federal regulators issued rules designed to curb overseas acquisitions that cut tax U.S. tax bills.

Salix Pharmaceuticals is scrapping its merger with the subsidiary of an Italian drugmaker after the U.S. created new limitations on the tax benefits of incorporating overseas.

Constellium is buying the U.S. aluminum company Wise Metals for $455 million in cash, giving the Dutch manufacturer more exposure to the big North American market.

The Roman Catholic Archdiocese of Philadelphia has sold three parcels of land for more than $56 million in an effort to shore up its finances, church officials announced Thursday.