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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: mergers and acquisitions

mergers and acquisitions stories: 174 news summaries

81 - 100 of 174 Stories | << Prev 1 2 3 4 5 6 7 8 9 Next >>

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ANALYSIS

Bank of America CEO Lands His Biggest Fish Yet

Merrill bid puts bold Lewis over $150B in acquisitions

Sep 15, 08 10:29 AM CDT
(Newser) - Like predecessor Hugh McColl, Bank of America CEO Kenneth Lewis loves enormous deals. His 7-year reign has seen flashy conquests adding up to more than $150 billion, but never has he bagged a bigger trophy than Merrill Lynch, Reuters reports. The deal should fulfill Lewis’ oft-frustrated ambition to make BofA,... More »

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Bank of America • mergers and acquisitions • Merrill Lynch • Countrywide Financial • Kenneth Lewis

(Newser) - In a day of toppling dominoes on Wall Street, Bank of America agreed to buy Merrill Lynch for $44 billion, or $29 a share—about two-thirds of what it was worth a year ago and 50% of its highest value in 2007, the Wall Street Journal reports. The deal, struck... More »

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Wall Street • Bank of America • mergers and acquisitions • Merrill Lynch • Lehman Brothers

(Newser) - The nation’s largest cigarette maker, Altria Group, is in talks to acquire UST, the producer of Skoal and Copenhagen smokeless tobaccos for a rumored $10 billion, the New York Times reports. Altria, a spinoff of Philip Morris, makes Marlboro cigarettes. Negotiators were poised to strike a deal over the... More »

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tobacco • mergers and acquisitions • acquisition • Altria • tobacco companies • big business

Coke Bids $2.4B for Chinese Juice Company

Soft-drink giant looks
to capitalize on
Olympic afterglow

Sep 3, 08 10:12 AM CDT
(Newser) - Buoyed by its highly visible sponsorship role at the Beijing Olympics, Coca-Cola has made a $2.4 billion offer for a Chinese juice and nectar company, the Wall Street Journal reports. The deal would be the second-largest acquisition ever by the company, which has been expanding into non-carbonated beverages in... More »

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China • mergers and acquisitions • 2008 Beijing Olympics • soft drinks • Coca-Cola • China Huiyuan Juice Group

UPS Denies Big Plans for Europe Expansion

Delivery giant eyeing China, not Dutch company, exec says

Aug 11, 08 11:02 AM CDT
(Newser) - For the second time this summer, rumors that Dutch package-delivery company TNT NV was in talks with a potential US buyer—this time UPS for $15 billion—pumped up the company’s share price, reports Bloomberg. But the rally faltered as a UPS exec shot down the reports, asking Reuters,... More »

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mergers and acquisitions • Netherlands • FedEx • United Parcel Service Inc. • delivery service

Bristol-Myers Makes Bid for Icahn's ImClone

Offers 29% premium for biotech partner; shares soar

Jul 31, 08 1:21 PM CDT
(Newser) - Already a 17% shareholder, Bristol-Myers Squibb laid down a $4.5 billion offer to buy the  rest of ImClone shares, the Wall Street Journal reports. The $60-a-share offer, sent to ImClone chairman Carl Icahn today, is a 29% premium on yesterday's closing price and makes Bristol the second pharma... More »

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Carl Icahn • mergers and acquisitions • Bristol Myers Squibb • pharmaceutical industry • ImClone

FCC Approves Satellite Radio Merger

3-2 vote OKs $3.3B Sirius buyout of XM, ends 16-month drama

Jul 25, 08 8:21 PM CDT
(AP) - Federal regulators formally approved the merger of the United States' only two satellite radio operators today, ending a 16-month-long drama closely watched by Washington and Wall Street. Sirius Satellite Radio Inc.'s $3.3 billion buyout of rival XM Satellite Radio Holdings Inc. will mean 18 million-plus subscribers will be... More »

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Sirius • FCC • mergers and acquisitions • XM Satellite Radio • Federal Communications Commission

After Yahoo, Microsoft Amps Up Search Effort

Ballmer says company can be more flexible now in Google fight

Jul 24, 08 4:21 PM CDT
(Newser) - CEO Steve Ballmer is spinning Microsoft’s failure to acquire Yahoo expertly, telling analysts today that, unburdened by the search giant, the company can be more frisky and adaptable in its fight with nemesis Google, the Wall Street Journal reports. Actions might speak louder than words, though: Microsoft announced yesterday... More »

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Yahoo • Google • Microsoft • mergers and acquisitions • search engine • Steve Ballmer • analyst

Roche Makes Genentech Takeover Bid

Swiss pharma bids $43.7B for remaining shares of biotech firm

Jul 21, 08 6:55 AM CDT
(Newser) - Swiss pharmaceutical company Roche today offered $43.7 billion for the outstanding shares of Genentech, the San Francisco-based biotech firm in which Roche already owns a 55.9% stake, the Wall Street Journal reports. The $89-a-share offer is the latest in a series of big pharma companies, whose new drug... More »

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mergers and acquisitions • takeover • Genentech • Roche Holding • Pharamceuticals

column

Anheuser-Busch: The Deal That Sleeps With the Fishes

If relationship with Modelo hadn't soured on fishing trip, Belgians might have been staved off

Jul 17, 08 11:40 AM CDT
(Newser) - Anyone mourning the takeover of Anheuser Busch by Belgium's InBev might want to know that the real turning point in that battle occurred more than a decade ago. On a fishing trip. In Mexico. The last real chance to outmaneuver InBev was lost when the US brewer failed to get... More »

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mergers and acquisitions • Budweiser • takeover • Anheuser-Busch • InBev • Grupo Modelo • August Busch III

 Booming China
 Flexing Its
 M&A Muscle 

Chinese companies snap up $42B in foreign assets so far in 2008

Jul 15, 08 10:00 AM CDT
(Newser) - Chinese companies are on a buying binge, snapping up $42 billion worth of foreign assets in the first 6 months of 2008. That's a 500% increase over the previous year, and equal to the combined value of takeovers from 2000 to 2006, reports DealBook in the New York Times.... More »

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China • hostile takeover • mergers and acquisitions • steel • commodities

InBev Boosts Bid for Bud, Making Buyout Likely

Deal now tops $50 million, and Anheuser is likely to accept

Jul 11, 08 10:55 AM CDT
(Newser) - InBev has increased its bid for Anheuser-Busch to $70 a share, the Wall Street Journal reports. Although willing to replace the Budweiser-brewer’s board in a hostile takeover, the $5-per-share boost—bringing the total deal to $50 billion—is a signal that InBev would prefer to keep things friendly. Anheuser... More »

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mergers and acquisitions • beer • Budweiser • buyout • brewery • Anheuser-Busch • InBev

Dow Chemical Drops $15.3B on Rohm & Haas

Deal may signal start
of consolidation in chemical industry

Jul 10, 08 8:46 AM CDT
(Newser) - In what may be the beginning of a long-anticipated consolidation of the chemical industry, Dow Chemical today said it was buying coatings and electronic-materials company Rohm & Haas in a $15.3 billion all-cash deal, reports the Wall Street Journal. Dow is backed by $3 billion from Warren Buffett's... More »

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Warren Buffett • mergers and acquisitions • Berkshire Hathaway • Dow Chemical Co. • Kuwaiti Investment Authority

Icahn: Microsoft Will Only Negotiate With Me

Board must be replaced, Ballmer says

Jul 7, 08 10:04 AM CDT
(Newser) - Carl Icahn says Microsoft is still in the hunt to acquire Yahoo, but only if the board is replaced, the Wall Street Journal reports. Icahn says Microsoft CEO Steve Ballmer “made it abundantly clear” to him that he wouldn’t talk with Yahoo’s current board, which he fears... More »

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Yahoo • Microsoft • Carl Icahn • mergers and acquisitions • Steve Ballmer

Yahoo Looks to Time Warner, News Corp.

With Microsoft again sniffing around, net giant explores options

Jul 3, 08 11:49 AM CDT
(Newser) - Yahoo—back in the sights of Microsoft—is trying to keep its fate in its own hands, launching talks with potential partners, the Wall Street Journal reports. The Internet company reopened talks with Time Warner about a deal that would make AOL part of Yahoo and give Time Warner a... More »

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Yahoo • Google • Time Warner • Microsoft • mergers and acquisitions

 Angry Worker Blasts 
 Yahoo in Email  

Missive blames office politics, lousy execs for sinking company

Jun 27, 08 8:05 PM CDT
(Newser) - A sarcastic Yahoo employee slammed the company in an email sent to Fortune today, taking aim at futile executives and lousy decision-making. In the wake of Yahoo's latest shakeup, "things could not be better," the email says: True, past "reorgs" were sparked by pointless executive shifts, but... More »

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Yahoo • Google • Microsoft • mergers and acquisitions • Fortune • employee • disgruntled

Battered Citigroup Plans
Major Layoffs

Firm will cut 10% of its investment-banking group

Jun 22, 08 7:53 PM CDT
(Newser) - After being in the red for two quarters, Citigroup will this week hand out pink slips in its investment-banking division, looking to sack 10% of the group’s 65,000 employees. The move, which would eliminate entire trading desks worldwide, is unusually severe, the Wall Street Journal says. CEO... More »

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Wall Street • Citigroup • layoffs • mergers and acquisitions • Vikram Pandit • investment banks

 Budweiser to Buy Corona
 to Stave Off Stella? 

Anheuser-Busch tries to avoid InBev takeover with Modelo talks

Jun 13, 08 6:55 AM CDT
(Newser) - Anhueser-Busch has approached Mexian brewer Grupo Modelo about a possible merger, the Wall Street Journal reports, in an attempt to thwart an unwanted $46.35 billion takeover bid from Belgium’s InBev NV. Anhueser already owns 50% of Modelo, which is best known for its Corona brand. By buying... More »

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mergers and acquisitions • beer • Budweiser • Anheuser-Busch • InBev • Stella Artois • Grupo Modelo

Microsoft, Yahoo End Talks, Rule Out Merger

Weekend meeting torpedoes hopes of a merger

Jun 12, 08 3:32 PM CDT
(Newser) - Looks like a Microsoft-Yahoo marriage is off—for good this time, the Wall Street Journal reports. In a meeting last weekend, Microsoft representatives stated “unequivocally” that the software giant was not interested in purchasing all of Yahoo for any price. Yahoo then ruled out an alternative of selling... More »

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Yahoo • Google • Microsoft • mergers and acquisitions • search engine • ad revenue • search advertising

 Icahn: Yahoo
 Poison Pill
 'Reprehensible' 

But pricey severance plan kicks in if Icahn wins proxy fight, Yahoo says

Jun 11, 08 9:52 AM CDT
(Newser) - Billionaire investor Carl Icahn yesterday called Yahoo’s poison-pill severance plan, designed to deter hostile takeovers, “reprehensible,” the Wall Street Journal reports, but Yahoo said the measure would kick in if Icahn wins control of the board. "Now they found a way to entrench themselves forever,"... More »

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Yahoo • Microsoft • Carl Icahn • mergers and acquisitions • proxy battle

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