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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: acquisition

acquisition stories: 97 news summaries

81 - 97 of 97 Stories | << Prev 1 2 3 4 5

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Wachovia Nabs A.G. Edwards

Deal takes aim at
small investors,
creates country's
No. 2 retail brokerage

May 31, 07 12:58 PM CDT
(Newser) - 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... More »

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investors • merger • Wachovia • A.G. Edwards • bank • acquisition

Tishman, Lehman Close REIT Deal

$13.5B offer for apartment giant marks major privatization

May 29, 07 11:50 AM CDT
(Newser) - 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... More »

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real estate • merger • business • privatization • acquisition • Tishman Speyer Properties • Lehman Brothers • Archstone Smith • investment banks

RBS Consortium Renews Bid
for ABN Amro

$96B offer dwarfs Barclays proposal,
but legal woes persist

May 29, 07 9:02 AM CDT
(Newser) - 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... More »

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Barclays • ABN AMRO • Royal Bank of Scotland • LaSalle Bank • merger • bank • acquisition

Coke Takes Swig of Glacéau

Soft drink giant tries to boost its offerings with $4.1B VitaminWater buy

May 25, 07 9:12 AM CDT
(Newser) - 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... More »

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Coca Cola • Pepsi • Energy Brands, Inc. • VitaminWater • Glaceau • merger • acquisition

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

Private Equity Binge Goes Wireless

Goldman Sachs, Texas Pacific Group will buy Alltel for $27.5B

May 21, 07 10:18 AM CDT
(Newser) - 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... More »

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private equity • Goldman Sachs • Texas Pacific Group • leveraged buyouts • business • telecom • acquisition • Alltell

Microsoft Buys Ad Firm for $6B

Deal shores up Microsoft's flailing online advertising presence

May 18, 07 11:15 AM CDT
(Newser) - 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... More »

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Internet • Microsoft • online advertising • marketing • aQuantive • DoubleClick • acquisition

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

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

Cerberus Close to Consuming Chrysler

Proving that three heads may be better than one

May 13, 07 10:10 PM CDT
(Newser) - 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... More »

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private equity • Chrysler • Delphi • DaimlerChrysler • Cerberus Capital Management • Magna International Inc. • acquisition • auto industry

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

Designer's Pals Rally to Keep Label Alive

Narciso Rodriguez averts bankruptcy
with Claiborne deal

May 7, 07 9:17 AM CDT
(Newser) - 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... More »

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fashion • Liz Claiborne • acquisition • Narciso Rodriguez • clothes • Bill McComb • fashion designer

Dow Shareholder Duels Murdoch

May 7, 07 6:51 AM CDT
(Newser) - 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 »

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Rupert Murdoch • Wall Street Journal • Dow Jones • James Ottaway Jr. • business • acquisition

Qantas Deal Crashes

May 5, 07 8:00 AM CDT
(Newser) - 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... More »

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private equity • Qantas • takeovers • acquisition • airline • Airline Partners Australia • hedge fund

Viacom Sues Google

Mar 14, 07 8:55 PM CDT
(Newser) - 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... More »

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media • Google • Internet • Viacom • YouTube • copyright • lawsuit • acquisition

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