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NEWS ABOUT: merger

merger stories: 96 news summaries

1 - 20 of 96 Stories | 1 2 3 4 5 Next >>

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 Feds Tear Into 
 Ticketmaster Merger 

Antitrust officials weigh concessions for Live Nation deal to pass

Oct 16, 09 1:41 AM CDT
(Newser) - Concerned Justice Department are considering blocking a deal that would create a music industry behemoth—unless major concessions are made. Antitrust officials are worried about the effect the proposed Ticketmaster-Live Nation merger would have on consumer cost and may require the companies to make major concessions, insiders tell the Wall ... More »

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Department of Justice • music industry • mergers and acquisitions • merger • antitrust • Ticketmaster • Live Nation

ANALYSIS

Rise in Mergers 
Signals Fresh Confidence 

Chief execs becoming more bullish about recovery prospects

Sep 29, 09 3:00 AM CDT
(Newser) - Mergers and acquisitions activity is still way down from pre-financial crisis levels, but a recent flurry of big deals suggests America's chief executives are regaining confidence in their own businesses. Recent mergers have involved strategic buys by big companies instead of the debt-fueled private equity buys seen a couple of... More »

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private equity • Wall Street • mergers and acquisitions • merger • US economy • Xerox • financial crisis • Affiliated Computer Services

 Congress, BofA 
 Clash Over Merrill Secrets 

Bank insists merger talk protected, Towns issues spill deadline

Sep 21, 09 5:40 AM CDT
(Newser) - Bank of America claims it doesn't have to produce details about its decision to merge with Merrill Lynch because the conversations are protected by attorney-client privilege. But the chairman of the House Oversight and Government Reform Committee begs to differ, reports the New York Times. The showdown peaked last week... More »

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Bank of America • merger • Merrill Lynch • bailout • House Committee on Oversight and Government Reform • financial crisis • Edolphus Towns

Merrill's Thain Rues Picking Pricey Office Decor Over Ikea

Former Merrill Lynch CEO denies accelerating bonuses

Sep 18, 09 12:21 PM CDT
(Newser) - Merrill Lynch's former CEO issued an apology of sorts for spending $1.2 million—including $35,000 for a commode—to redecorate his office as the firm bottomed out, Bloomberg reports. “We decorated it in the style that Merrill Lynch offices were, which was very, very nice,” John... More »

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Bank of America • merger • Merrill Lynch • Ikea • bonuses • John Thain • furniture • financial crisis • Ken Lewis

 Cuomo Hits 5 BofA Directors 
 With Subpoenas 

Bank's board may have hid Merrill losses from shareholders

Sep 16, 09 1:50 PM CDT
(Newser) - Andrew Cuomo subpoenaed five members of Bank of America’s board of directors today in his probe to uncover whether the bank was truthful to shareholders about losses at Merrill Lynch, the Wall Street Journal reports. The New York Attorney General suspects that the board was fully informed of the... More »

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Attorney General • Bank of America • shareholders • merger • Merrill Lynch • Andrew Cuomo • New York Attorney General

(Newser) - Ben Bernanke and Henry Paulson may have leaned on Bank of America CEO Ken Lewis too heavily last year when he tried to back out of a deal to acquire Merrill Lynch, say congressional investigators. In fact, a GOP briefing document says the two Bush officals "put a gun... More »

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Ben Bernanke • Bank of America • Federal Reserve • Henry Paulson • merger • Merrill Lynch • Treasury Department • John Lewis • Wall Street bailout

(AP) - Opponents of Chrysler's sale to Fiat are asking the Supreme Court to block the deal. Three Indiana state pension and construction funds filed emergency papers at the high court early today to put the sale on hold so they can pursue an appeal. The emergency request goes first to Justice... More »

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Chrysler • Detroit • merger • auto industry • US Supreme Court • Fiat

 Porsche, VW to Merge 

Luxury maker fails in takeover attempt

May 7, 09 4:53 AM CDT
(Newser) - Porsche has announced it will merge with Volkswagen after weeks of negotiation between the two German carmakers, reports the BBC. The deal puts an end to Porsche's efforts to take over VW. Porsche already owns a majority stake in the company. While details of the merger remain unclear, VW's individual... More »

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Germany • merger • Volkswagen • auto industry • Porsche • VW Group • Lower Saxony

 Angry Shareholders Pelt 
 Bank Chairman With Shoes 

Fortis meeting turns ugly as investors start singing 'La Marseillaise'

Apr 28, 09 8:31 AM CDT
(Newser) - An emergency meeting of troubled Belgian bank Fortis had to be suspended today after raucous shareholders raided the stage and pelted the bank's chairman with shoes. The bank is attempting to broker a sale to BNP Paribas, the French giant, but angry small shareholders booed, shouted down speakers and demanded... More »

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Belgium • mergers and acquisitions • shareholders • merger • shoes • BNP Paribas • Fortis • shareholder revolt • national anthem

Top Hollywood Talent Shops
OK Merger

As star payouts dip, William Morris and Endeavor join forces

Apr 27, 09 6:40 PM CDT
(Newser) - Two of Hollywood's top talent agencies agreed to merge today amid declining revenues in film and television, Variety reports. Pending government approval, the venerable William Morris Agency will share a new Beverly Hills office with 14-year-old Endeavor—and likely spark a flurry of clients and agents scurrying for new representation.... More »

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entertainment • television • Hollywood • film • merger • Endeavor • William Morris

Thain Accuses BofA of Lying About Bonuses

Fired Merill CEO tries to 'set the record straight' about $3.6B payout

Apr 27, 09 8:21 AM CDT
(Newser) - In his first lengthy interview since being pushed out as CEO of Merrill Lynch, John Thain tells the Wall Street Journal that Bank of America—which acquired Merrill in September—is lying about its involvement in the $3.6 billion in bonus payouts that made Thain the poster boy for... More »

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executive compensation • Bank of America • CEO • mergers and acquisitions • merger • Merrill Lynch • bonuses • John Thain • financial crisis • Ken Lewis

(Newser) - Fiat is bound and determined to join the big boys of the auto world, and it's using ailing US companies to gain a foothold. The Italian automaker has begun surprise talks with General Motors to buy a stake in GM's Opel division and expand its presence in Europe and Latin... More »

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Chrysler • General Motors • Detroit • merger • auto industry • Fiat

 Merck to Buy Schering-Plough 
 in Latest Pharma Merger 

Drug giant's purchase comes weeks after Pfizer-Wyeth merger

Mar 9, 09 6:34 AM CDT
(Newser) - Merck announced today that it will merge with fellow drugmaker Schering-Plough in a $41.1 billion cash-and-stock deal to enlarge its pipeline of new drugs in development, reports the Wall Street Journal. The two companies have already collaborated on cholesterol drug Zetia—whose sales plummeted after a study questioned its... More »

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Merck • mergers and acquisitions • merger • drug manufacturer • Schering-Plough

Ticketmaster Mogul
Says He Can Save Music

Where critics see conflict of interest, Azoff spies opportunity

Feb 21, 09 10:51 AM CST
(Newser) - Irving Azoff may not be a household name, but he is, in fact, "the most powerful man in the music industry," writes Ethan Smith in a Wall Street Journal profile. The head of Ticketmaster—he made his name managing the Eagles in the '70s—is now trying to... More »

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music industry • merger • antitrust • concert • Ticketmaster • Live Nation • Irving Azoff

Live Nation, Ticketmaster Reveal Merger Details

Firm will be run by Live Nation's CEO

Feb 10, 09 12:30 PM CST
(Newser) - Live Nation and Ticketmaster made public their merger plans today, though the combined concert-promotions and ticketing powerhouse is sure to face scrutiny by antitrust regulators, the Wall Street Journal reports.The new company is to be named Live Nation Entertainment; it's estimated the two will save $40 million by combining... More »

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music • music industry • merger • promotion • concert • Ticketmaster • Live Nation

Ousted Thain to Repay $1.2M Spent on Office

Lush renovation
was a 'mistake,'
says ex-Merrill CEO

Jan 26, 09 11:37 AM CST
(Newser) - Former Merrill Lynch CEO John Thain says he’ll repay the $1.2 million he spent on office renovations last year, Bloomberg reports. “The expenses were incurred over a year ago in a very different environment,” Thain wrote in a memo to Merrill execs. “They were a... More »

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executive compensation • Bank of America • merger • Merrill Lynch • resignation • office • John Thain • renovation • financial crisis • reimbursement

 Pfizer Snaps Up Wyeth for $68B 

Merger would be largest pharma deal since GlaxoWellcome-SmithKline 2000 merger

Jan 26, 09 6:11 AM CST
(Newser) - The world’s largest drugmaker, Pfizer, is poised to become even more gargantuan after it agreed early this morning to buy rival Wyeth for $68 billion, reports the Wall Street Journal. In the first major merger to hit Wall Street in months, Pfizer will borrow $22.5 billion from... More »

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Citigroup • Bank of America • Goldman Sachs • pharmaceutical companies • mergers and acquisitions • merger • Pfizer • credit • Wyeth • pharmaceutical industry • JPMorgan Chase • financial crisis

 Pfizer in Talks to Buy Wyeth  




Sources say drug maker plans $60B acquisition of rival Wyeth

Jan 23, 09 5:49 AM CST
(Newser) - Pfizer is seeking to create a Big Pharma behemoth with the acquisition of rival Wyeth, insiders tell the Wall Street Journal. The deal, expected to be worth around $60 billion, would make Pfizer—already the world's biggest drug company—big enough to redraw the map of the industry, although sources... More »

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pharmaceutical companies • drug companies • mergers and acquisitions • merger • Pfizer • Wyeth • research and development • pharmaceutical industry

(Newser) - Rumors of Citigroup’s plan to merge its brokerage unit with that of Morgan Stanley have proven true, as both companies’ boards approved the move today, CNBC reports. Morgan Stanley will control 51% of the joint venture between its operation and Citi’s Smith Barney. Observers see Stanley’s option... More »

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Citigroup • merger • Morgan Stanley • Citibank • brokerage • bailout • Smith Barney • TARP

(AP) - Panasonic has begun a $9 billion takeover of Japanese rival Sanyo, hoping that transforming into one of the world's biggest electronics companies will help it weather the toughest business conditions in a century. Top shareholders, including Goldman Sachs, had been haggling over the price with Panasonic since last month, but... More »

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Japan • merger • Panasonic • consumer electronics • Sanyo

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