Mergers and Acquisitions

Chiquita shareholders have rejected plans to merge with Irish fruit importer Fyffes that would have made the world's largest banana supplier.

Alcoa is selling its stake in a South Carolina aluminum smelter to Century Aluminum Co. for $67.5 million.

Norfolk Southern Corp.'s CEO doesn't think railroad mergers are a good idea even if regulators might approve one.

Daimler AG says it has sold its 4 percent stake in electric car maker Tesla for $780 million.

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.

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

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.

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.