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July 25, 2008 8:26:52 AM CDT

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Stories related to: takeover

Stories

17 Stories

  • July 2008

    • Roche Makes Genentech Takeover Bid

      newser  |  Wall Street Journal  |  Jul 21, 08 6:55 AM CDT

      Roche Makes Genentech Takeover Bid

      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 development has been lagging, stepping up investment in the more productive biotech sector. More »

      Tags

      mergers and acquisitions  • takeover  • Genentech  • Roche Holding

    • Anheuser-Busch: The Deal That Sleeps With the Fishes

      newser  |  Wall Street Journal  |  Jul 17, 08 11:40 AM CDT

      Anheuser-Busch: The Deal That Sleeps With the Fishes

      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 a controlling stake in Mexico’s Grupo Modelo, writes David Kesmodel in the Wall Street Journal . And chances for that, say industry sources, vanished when former A-B CEO August Busch III decided to take a call instead of landing a humongous marlin. More »

      Tags

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

    • Feds Seize Failed IndyMac Bank

      newser  |  Wall Street Journal  |  Jul 11, 08 7:03 PM CDT

      Feds Seize Failed IndyMac Bank

      As mortgage lenders Freddie Mac and Fannie Mae crowded the headlines today, Washington snatched up IndyMac Bank in the second-largest US bank failure in history, the Wall Street Journal reports. The Pasadena, Calif. savings and loan, which owns about $32 billion in assets, saw stocks fall from $45 last year to 28 cents this week as mortgage defaults piled up. It will reopen Monday under federal supervision. More »

  • June 2008

    • Yahoo Chair Hits Back at Icahn

      newser  |  New York Times  |  Jun 5, 08 9:38 AM CDT

      Yahoo Chair Hits Back at Icahn

      The chairman of Yahoo's board was quick to fire back at accusations leveled by Carl Icahn yesterday, reports the New York Times . An open letter from Roy Bostock to the corporate raider said Icahn's claim that Yahoo's board had sabotaged a Microhoo deal grossly distorted the board's position, and went on to trash Icahn's "puzzling" plans for Yahoo. More »

      Tags

      Microsoft  • Yahoo  • Carl Icahn  • proxy battle  • takeover

    • Icahn to Yang: I've Got Your Pink Slip

      newser  |  Wall Street Journal  |  Jun 4, 08 6:46 AM CDT

      Icahn to Yang: I've Got Your Pink Slip

      Billionaire investor Carl Icahn wants Jerry Yang out of Yahoo's CEO seat, and has a pink slip waiting if his proxy action to take over the board is successful, reports the Wall Street Journal . Icahn yesterday unleashed a torrent of criticism of Yang’s role in the aborted Microsoft buyout deal—even as a January 2007 $40-a-share offer came to light this week—and says the software giant no longer trusts Yang. More »

      Tags

      Microsoft  • Yahoo  • Carl Icahn  • proxy battle  • takeover

  • May 2008
  • April 2008

    • Microsoft's Price Wasn't Right: Yahoo Offer Expires

      newser  |  Wall Street Journal  |  Apr 27, 08 4:05 PM CDT

      Microsoft's Price Wasn't Right: Yahoo Offer Expires

      Microsoft may get nasty now that its deadline for a friendly Yahoo purchase expired yesterday. Talks died quietly after Microsoft refused to up its offer from $29.68 a share on Friday; Yahoo execs wanted $35. Microsoft could now press Yahoo, tack back the offer, or deal directly with Yahoo shareholders, the Wall Street Journal reports. More »

      Tags

      Google  • Microsoft  • Yahoo  • hostile takeover  • takeover

  • March 2008
  • January 2008

    • Tumbling Yahoo Now a Target?

      newser  |  New York Times  |  Jan 11, 08 9:51 PM CST

      Tumbling Yahoo Now a Target?

      Yahoo's falling core value threatens the company's future and is ringing alarm bells for investors, the New York Times ’ Saul Hansell warned in his "Bits" blog. The central business of Yahoo.com, excluding subsidiary holdings, is worth less than half of its current share price, and a paltry 7% of Google’s $200 billion market value, according to one analyst quoted by Hansell. More »

      Tags

      Microsoft  • Yahoo  • Wall Street  • mergers and acquisitions  • online advertising  • takeover  • stock price

  • October 2007

    • Software Titan Oracle Eyes Another Conquest

      newser  |  New York Times  |  Oct 13, 07 1:03 PM CDT

      Software Titan Oracle Eyes Another Conquest

      Software maker BEA Systems is under pressure from shareholder Carl Icahn to sell, but executives say this week’s $6.7 billion offer by Oracle is too low. Icahn agreed the unsolicited bid wasn’t good enough but said he was pleased an offer was made, the New York Times reports. Analysts expect Oracle to raise its offer and get BEA. More »

      Tags

      software  • Carl Icahn  • Oracle  • takeover  • BEA Systems  • middleware

    • EA Nets Games Rival For $860M

      newser  |  CNN  |  Oct 11, 07 11:08 PM CDT

      EA Nets Games Rival For $860M

      It's a whole new ballgame at Electronic Arts. CNN Money reports the video game giant is buying rival VG Holdings for $860 Million. The takeover brings interactive and role-playing game makers BioWare Corp and Pandemic Studios into the EA stable. Pandemic is soon to launch Mercenaries 2, among other games, and BioWare's Mass Effect debuts next month. More »

      Tags

      takeover  • Electronic Arts  • Mass Effect  • BioWare Corp  • World in Flames

  • September 2007

    • Bank Meltdown Wallops the British Market

      newser  |  Guardian (UK)  |  Sep 17, 07 8:34 AM CDT

      Bank Meltdown Wallops the British Market

      Shares of British mortgage lender Northern Rock crashed again today, causing heavy losses in other banks and deflating the FTSE 100 index by more than 100 points by midday. The bank's stock fell 36%, bringing the loss to 78% of its value in the past year. The spreading malaise is expected to bring an abrupt end to the British housing boom, and could damage the new government of PM Gordon Brown More »

      Tags

      Great Britain  • stocks  • Northern Rock  • takeover  • FTSE 100

  • August 2007
  • July 2007
  • May 2007

    • Reuters Takeover Rumors Fly

      newser  |  Wall Street Journal  |  May 5, 07 8:00 AM CDT

      Reuters Takeover Rumors Fly

      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 »

      Tags

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

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