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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: merger

merger stories: 96 news summaries

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Sallie Mae
Chief Quits

Equity firm pressured loan giant CEO to step down, ease buyout

May 23, 07 5:52 AM CDT
(Newser) - The CEO of student loan giant Sallie Mae resigned unexpectedly yesterday in the midst of a $25 billion buyout by a private equity firm. The Wall Street Journal reports that Thomas J. Fitzpatrick was pressured out to stave off Congressional criticism of the buyout by J.C. Flowers and Co,... More »

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private equity • Sallie Mae • student loans • merger • loans • acquisition • Thomas J. Fitzpatrick • J.C. Flowers and Co • student

Alcan Steels Itself Against Alcoa Bid

Canadian aluminum producer rejects
US rival, says it will seek other offers

May 22, 07 6:17 PM CDT
(Newser) - Canadian aluminum maker Alcan has rejected the $24.7-billion bid from rival Alcoa that would have been the biggest takeover in the metals industry, and signalled its intention to look elsewhere. Alcoa’s  $74.60-per-share bid was inadequate, Alcan’s CEO said today, reigniting rumors that both companies may be... More »

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Alcoa • Alcan • aluminum • takeovers • merger • acquisition

Burgeoning Saudi Firm Snags
GE Plastics

$11.6B deal is Gulf region's biggest ever

May 21, 07 1:29 PM CDT
(Newser) - A Saudi chemical company will take over General Electric's plastics division in a deal worth $11.6 billion, the companies said today. Saudi Basic Industries Corp., or Sabic, beat out Dutch-owned Basell for GE Plastics, which was put up for sale in January. The purchase, the largest ever by a... More »

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Saudi Arabia • plastic • takeovers • Saudi Basic Industries Corp. • General Electric • merger • acquisition • Sabic • Basell • GE Plastics

(Newser) - Italian lenders UniCredit and Capitalia yesterday inked a $29.7 billion deal to create a bank with the world's fifth (and Europe's second) largest market cap. The hurried Rome merger indicates, according to the Wall Street Journal, a rush to consolidate Europe's banking sector, but also the persistent challenges to... More »

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European Union • Europe • Italy • Capitalia • UniCredit • merger • banking

XM Fans Irate at Shock Jock Suspension

Opie & Anthony, kicked off airwaves,
now in trouble on satellite

May 17, 07 4:01 PM CDT
(Newser) - Fans of "The Opie & Anthony Show" cancelled their satellite radio subscriptions by the hundreds after XM slapped the shock-jock duo with a 30-day suspension earlier this week. Subscribers are accusing the station—which promises uncensored content—of pandering to the FCC so they won't block a pending merger... More »

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radio • satellite radio • Sirius • FCC • talk radio • Opie and Anthony • The Opie and Anthony Show • shock jocks • merger • XM Satellite Radio

Blackstone Makes $7.8B Deal for Alliance

Private equity continues to pour into financial processing

May 17, 07 2:55 PM CDT
(Newser) - Blackstone has snapped up credit card services provider Alliance Data for $7.8 billion, joining a surge of private equity into dull but profitable back-office firms. The 30% above-market offer for Alliance, which also runs a data processing unit, is the latest in a wave of takeovers in the financial-processing... More »

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private equity • Blackstone Group • takeovers • Alliance Data Systems Corp. • merger • business • KKR • First Data • privatization • acquisition

Reuters, Thomson Seal the Deal

May 15, 07 8:25 AM CDT
(Newser) - Reuters and Thomson have settled on the terms of the $17.24 billion merger announced last week, sounding the starting bell for a longer-than-usual regulatory review, the Journal reports. Reuters head Tom Glocer will become CEO of the new Thomson-Reuters, which combines the second- and third-largest providers of financial data... More »

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Reuters • Tom Glocer • Thomson • merger • business • finance • Thomson Reuters

KKR Dominates in '07 Buyouts

With 44% of this year's private equity deals, is firm spending too much too fast?

May 14, 07 1:18 PM CDT
(Newser) - Private equity powerhouse KKR has been on a monumental spending spree this year, closing more than $120 billion in deals to date in 2007—more than twice its closest rival. Now the Financial Times wonders whether the veteran PE firm it may be hitting the market too forcefully. More »

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private equity • Goldman Sachs • Kohlberg Kravis Roberts • merger • business • KKR • acquisition

Thomson
Confirms
Merger Deal

Proposed purchase
of Reuters puts Bloomberg on notice

May 9, 07 11:00 AM CDT
(Newser) - Financial data giants Reuters and Thomson have confirmed that a merger is in the works. Should the deal go through, the company will control 34 percent of the financial data market, to current leader Bloomberg's 33 percent. Reuters CEO Tom Glocer would head the new Thomson-Reuters, which would remain under... More »

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Reuters • Tom Glocer • Thomson • merger • business

Aluminum Giant Makes Play for Rival

Alcoa's $26.9 hostile takeover bid for Alcan comes after years of merger talks

May 7, 07 1:44 PM CDT
(Newser) - Aluminum titan Alcoa is hoping to get its largest rival, Alcan, to melt under a hostile takeover bid, after merger talks between the two companies collapsed. Alcoa, the world's largest aluminum company, has offered $26.9 billion for its Canadian competitor in an effort to beat out the emerging market... More »

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Alcoa • Alcan • aluminum • hostile takeover • merger • acquisition • hydropower

Reuters Takeover Rumors Fly

May 5, 07 8:00 AM CDT
(Newser) - Reuters is being wooed by a buyer, though the British information service is steadfastly mum on its suitor's identity. The WSJ predicts one of two outcomes: an intra-industry move from Canadian publishing powerhouse Thomson, or a swoop in by private equity, aimed at profiting off the company's steady cash flow. More »

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private equity • Rupert Murdoch • Reuters • Thomson • merger • takeover

(Newser) - Could a Microsoft-Yahoo! merger be in the works? The New York Post reports that Microsoft has quietly approached the Internet giant about opening merger negotiations, after informal talks fell apart several months ago. Insiders say Microsoft is looking to fight back against Google after the search-engine leader bested it in... More »

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Yahoo • Google • Internet • Microsoft • merger • business

Banker Busted
For Insider Trading

Credit Suisse hire charged with
passing tips to Pakistani banker

May 3, 07 10:32 PM CDT
(Newser) - Federal prosecutors and the SEC are charging a Credit Suisse banker with relaying insider information to an unnamed Pakistani banker who made more than $7 million on illegal trades. Hafiz Nasseem, who started at the bulge-bracket bank last year, is said to have immediately started sharing tips on upcoming deals—... More »

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insider trading • Hafiz Nasseem • Credit Suisse • merger • trade • SEC

Euro Bank Giants to Merge

RBS, regulators may rain on
Barclays-AMB AMRO parade

Apr 23, 07 9:23 AM CDT
(Newser) - Britain's Barclays Bank and Dutch bank ABN Amro have agreed to merge, creating one of the world's largest banks. The $90 billion deal is far from a sure thing, however—it requires approval by shareholders and regulators, and a group led by Barclays' archrival, the Royal Bank of Scotland, has... More »

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Barclays • ABN AMRO • merger • money • bank • John Varley

Nasdaq Options Philly Mart

Eyes exchanges options business

Apr 11, 07 3:59 PM CDT
(Newser) - The tech-heavy Nasdaq exchange is looking to expand into the options-trading market, and it's in talks with the Philadelphia Stock Exchange about a possible merger. Nasdaq's bid to buy the third-largest options trading exchange, valued at up to $300 million, comes as a number of bigger exchanges are on the... More »

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stock market • London • NASDAQ • Philadelphia Stock Exchange • merger • business • stocks • finance • London Stock Exchange • Philadelphia

Satellite Sisters

XM and Sirius may
have unlikely
rescuers from
the Chicago School
of Economics

Mar 18, 07 8:44 PM CDT
(Newser) - Jim Surowiecki describes how the “Chicago School” of economists revolutionized anti-trust thinking in the 1970s. By arguing that it is not the number of competitors but rather their strength that mattered, these economists posited that some mergers stimulate competition. More »

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entertainment • music • Mel Karmazin • satellite radio • Sirius • economics • merger • Chicago School • XM Satellite Radio

81 - 96 of 96 Stories | << Prev 1 2 3 4 5


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