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June 2007
- Murdoch Says He's Flexible, Up to a Point
  
  newser | Wall Street Journal | Jun 4, 07 8:29 AM CDT
  
  Rupert Murdoch has renewed his vow to maintain the Wall Street Journal 's editorial independence should his bid for Dow Jones succeed, but it's unlikely he'll allow the controlling Bancroft family to run an editorial oversight board. That sticking point could be a deal-breaker, the Journal reported hours before today's scheduled meeting between the parties. More »
  
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  Dow Jones • business • Rupert Murdoch • News Corp • acquisitions • Wall Street Journal • merger • Bancroft family
- What Made the Bancrofts Buckle?
  
  newser | Wall Street Journal | Jun 2, 07 8:21 AM CDT
  
  In a surprising about-face Dow Jones director and Bancroft family trustee Michael Elefante shifted from the cons to the pros, advocating putting the company in play at a recent family meeting. His change of position was behind the family's decision that it would meet with Rupert Murdoch and consider other bids for the company. More »
  
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  Rupert Murdoch • News Corp • acquisitions • merger • Bancroft family • Thomson Reuters • Michael Elefante • Richard Zannino • big deals
May 2007
- Wachovia Nabs A.G. Edwards
  
  newser | SmartMoney.com | May 31, 07 12:58 PM CDT
  
  Wachovia will buy A.G. Edwards for $6.8 billion, forming the nation's number two retail brokerage. Wachovia's $89.50 per share offer for the historic Midwest brokerage—it survived the crash of '29—helps the bank further expand its growing securities arm. The combined company will manage over $1 trillion, second to Merrill Lynch and ahead of Smith Barney. More »
  
  Tags
  
  acquisitions • merger • bank • investors • Wachovia
- Tishman, Lehman Close REIT Deal
  
  newser | Bloomberg | May 29, 07 11:50 AM CDT
  
  In a penthouse-level play, real estate developer Tishman Speyer Properties and investment bank Lehman Brothers will spend $13.5 billion to buy the nation's second-largest apartment owner. The $60.75 per share offer for real estate trust Archstone-Smith, confirmed this morning, will take the company private in a deal worth over $22 billion including debt. More »
  
  Tags
  
  business • acquisitions • real estate • merger • Lehman Brothers • privatization • investment bank
- RBS Consortium Renews Bid for ABN Amro
  
  newser | Wall Street Journal | May 29, 07 9:02 AM CDT
  
  Refusing to take no for an answer, a coalition led by Royal Bank of Scotland today submitted a renewed $95.6 billion bid for ABN Amro. The offer overshadows a competing $86 billion offer from Barclays, but legal wrangling over the sale of LaSalle Bank continues to bog down the RBS group's proposal, the Wall Street Journal reports. More »
  
  Tags
  
  acquisitions • merger • bank • Barclays • Royal Bank of Scotland • ABN AMRO • LaSalle Bank
- Coke Takes Swig of Glacéau
  
  newser | Bloomberg | May 25, 07 9:12 AM CDT
  
  Coca-Cola is adding some fizz to its line of non-soda offerings, acquiring the maker of Glacéau VitaminWater today in its biggest purchase ever. The $4.1 billion purchase of Energy Brands will give Coke a strong foothold in the market for non-carbonated products and help it close the gap with archrival Pepsi. More »
  
  Tags
  
  acquisitions • merger • Pepsi • Coca Cola
- Sallie Mae Chief Quits
  
  newser | Wall Street Journal | May 23, 07 5:52 AM CDT
  
  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, which is taking the company private. The lender's CFO will take his place. More »
  
  Tags
  
  acquisitions • private equity • merger • student • loans • student loans • Sallie Mae
- Alcan Steels Itself Against Alcoa Bid
  
  newser | Bloomberg | May 22, 07 6:17 PM CDT
  
  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 ripe takeover targets. More »
  
  Tags
  
  acquisitions • merger • Alcoa • takeovers • Alcan • aluminum
- Burgeoning Saudi Firm Snags GE Plastics
  
  newser | Bloomberg | May 21, 07 1:29 PM CDT
  
  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 Gulf-based company, is seen as a coup for Sabic. More »
  
  Tags
  
  Saudi Arabia • acquisitions • merger • plastic • General Electric • takeovers
- Private Equity Binge Goes Wireless
  
  newser | Arkansas Business Journal | May 21, 07 10:18 AM CDT
  
  A consortium led by the Texas Pacific Group and Goldman Sachs yesterday snapped up the nation's fifth-largest wireless provider for $27.5 billion, the largest telecom buyout ever. The $71.50 per share offer for Alltel awaits shareholder and regulatory approval and comes weeks before a scheduled auction for the company, which has been seen as a prime acquisition target. More »
  
  Tags
  
  business • acquisitions • private equity • Goldman Sachs • telecom • leveraged buyouts • Alltell
- Microsoft Buys Ad Firm for $6B
  
  newser | CNET | May 18, 07 11:15 AM CDT
  
  Microsoft will plunk down $6 billion for aQuantive, a leading digital marketing agency. The $66.50 per share offer—nearly double aQuantive's closing price yesterday—comes on the heels of WPP's 24/7 Real Media purchase. It's Microsoft's biggest acquisition ever, reflecting its growing desperation to regain its status as a major player in the online advertising sphere. More »
  
  Tags
  
  Internet • Microsoft • acquisitions • online advertising • marketing • DoubleClick • aQuantive
- Blackstone Makes $7.8B Deal for Alliance
  
  newser | Reuters | May 17, 07 2:55 PM CDT
  
  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 sector that started with KKR's April bid for First Data. More »
  
  Tags
  
  business • acquisitions • private equity • merger • privatization • Blackstone Group • KKR • takeovers • First Data
- KKR Dominates in '07 Buyouts
  
  newser | Financial Times (UK) | May 14, 07 1:18 PM CDT
  
  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 »
  
  Tags
  
  business • acquisitions • private equity • Goldman Sachs • merger • KKR • Kohlberg Kravis Roberts
- Cerberus Close to Consuming Chrysler
  
  newser | Reuters | May 13, 07 10:10 PM CDT
  
  Private equity firm Cerberus Capital Management is said to have cut a deal to buy Chrysler from DaimlerChrysler. Cerberus has lots of experience in negotiating for assets in the auto industry, having led the buyout of auto parts maker Delphi, which has not yet closed and may yet fall apart. More »
  
  Tags
  
  auto industry • acquisitions • private equity • Chrysler • Cerberus Capital Management • DaimlerChrysler • Magna International Inc. • Delphi
- Aluminum Giant Makes Play for Rival
  
  newser | Wall Street Journal | May 7, 07 1:44 PM CDT
  
  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 producers who have recently dominated the industry. More »
  
  Tags
  
  acquisitions • merger • hostile takeover • Alcoa • Alcan • aluminum • hydropower
- Designer's Pals Rally to Keep Label Alive
  
  newser | New York Times | May 7, 07 9:17 AM CDT
  
  Narciso Rodriguez, the designer of sexy minimalist frocks like Carolyn Bessette Kennedy's wedding dress, is one of the darlings of the close-knit fashion community. And it's a good thing: When Rodriguez faced bankruptcy last fall, instead of shuttering his studio he called Donna Karan, Ralph Lauren, Anna Wintour and Jessica Seinfeld. More »
  
  Tags
  
  fashion • acquisitions • fashion designer • clothes • Narciso Rodriguez • Liz Claiborne
- Dow Shareholder Duels Murdoch
  
  newser | Wall Street Journal | May 7, 07 6:51 AM CDT
  
  A powerful shareholder in Dow Jones is opposing Rupert Murdoch's takeover bid, saying the tabloid publisher would destroy the Wall Street Journal 's integrity. James Ottaway Jr. said Murdoch "has for a long time expressed his personal, political and business biases through his newspapers and television channels." More »
  
  Tags
  
  Dow Jones • business • Rupert Murdoch • Wall Street Journal • acquisitions
- Qantas Deal Crashes
  
  newser | Age (Aust.) | May 5, 07 8:00 AM CDT
  
  Qantas Airlines will keep flying solo, after what would have been the biggest airline takeover in history fell through yesterday evening. Airline Partners Australia, the private equity consortium that offered $11.1 billion for the company, failed to secure the 50% of stock it needed to move the deal to its next stage. More »
  
  Tags
  
  acquisitions • private equity • airline • hedge fund • takeovers • Qantas
March 2007
- Viacom Sues Google
  
  newser | New York Times | Mar 14, 07 8:55 PM CDT
  
  Viacom filed a $1 billion lawsuit against Google yesterday for what it says is gross copyright infringement on YouTube, the company's newest acquisition. Google has promised to work with companies to remove copyrighted material, but Viacom complains that illegally posted clips of its programs like "The Daily Show" have been watched on YouTube “an astounding 1.5 billion times.” More »
  
  Tags
  
  Internet • Google • lawsuit • YouTube • media • acquisitions • copyright • Viacom

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