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Mergers & Acquisitions

Started by J Kelman; Last updated May 17, 08 9:58 AM CDT by SeacoastNH | View history

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Mergers & Acquisitions

Private equity may be Wall Street's favorite fad diet, but sometimes a good, old-fashioned takeover is just what the market ordered

Stories

Stories 181 - 200 of 243

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October 2007
- World's Biggest Bank Deal Ends in Breakup
  
  Wall Street Journal | Oct 5, 07 8:15 AM CDT
  
  (Newser) - After months of counteroffers, court cases and credit crises, the battle to buy Dutch banking giant ABN Amro concludes today, with a break-up of the bank. The Wall Street Journal reports that a three-bank consortium led by the Royal Bank of Scotland will almost certainly win ABN Amro shareholders' approval of the $101 billion takeover. RBS fought Barclays to the end for the prize, but some observers are wondering whether it will regret the purchase. More »
August 2007
- US Steel Buys Canadian Rival
  
  Pittsburgh Post-Gazette | Aug 28, 07 6:02 AM CDT
  
  (Newser) - US Steel's agreement to buy Canadian competitor Stelco for $1.1 billion, making it the world's fifth-largest steelmaker, is the company's second major acquisition this year, but not necessarily the last, CEO John Surma said yesterday. In the face of breakneck growth by Indian and Russian steel producers, the Pittsburgh giant has sought to consolidate the North American market to stay competitive. More »
- Acer to Buy Gateway for $710M
  
  MarketWatch | Aug 27, 07 1:38 CDT
  
  (Newser) - Gateway’s stock jumped 50% today on news that Taiwan’s Acer will buy the former PC giant for $1.90 a share, MarketWatch reports. The acquisition leapfrogs Acer over Lenovo to the No. 3 spot in world computer sales. Meanwhile, Gateway said it will execute its right of first refusal to buy Packard Bell's parent company, foiling Lenovo's bid to acquire PB. More »
- Court Stalls Whole Foods Merger
  
  Bloomberg | Aug 21, 07 7:18 AM CDT
  
  (Newser) - A federal court issued a temporary injunction yesterday preventing Whole Foods from buying Wild Oats—at least today. The three-judge panel wants extra time to consider the FTC's argument that combining the nation's two largest organic food retailers would destroy competition. The companies will file additional briefs by tomorrow, and the FTC will have a day to rebut. More »
- HSBC Shops for Controlling Stake in KEB
  
  Financial Times (UK) | Aug 20, 07 3:29 CDT
  
  (Newser) - HSBC is in talks to buy a controlling stake in Korea Exchange Bank from the U.S. private equity group Lone Star. A local newspaper has reported that the deal would be worth $4.5 billion. HSBC wants to strengthen its presence in the Korean economy, and Lone Star has been looking to unload its share for years. More »
July 2007
- Corporate Buyers Muscle In on Private Equity Deals
  
  Wall Street Journal | Jul 31, 07 6:40 AM CDT
  
  (Newser) - Corporations have the upper hand over private equity firms in acquisitions for the first time in years because of chaos in the debt markets, the Wall Street Journal reports. Private equity firms are stalled until the credit situation stabilizes and they can sell off some of their debt. Corporate buyers have no such burden and can offer cash, stock or both. More »
- Big Biz Lobbyists Sit Out Private Equity Tax Fight
  
  Financial Times (UK) | Jul 30, 07 11:51 AM CDT
  
  (Newser) - Two big business lobbying groups are sitting out the fight in Congress over increasing taxes on private-equity earnings—in part, the Financial Times reports, because many of their members are threatened by the rise of private equity. Big firms like Blackstone pay traditional banks hefty fees for the underwriting their IPOs, but they also take business away from them. More »
- Wall Street Jittery After Drop
  
  New York Times | Jul 30, 07 4:47 AM CDT
  
  (Newser) - Wall Street has a case of nerves. After last week's market drop, the worst in five years, investors shouldn't expect any more "Merger Mondays" for some time to come, the New York Times predicts. Instead opening the week with big new deals, to send the market to new highs, banks and private equity firms spent the weekend trying to figure out what to do with higher debt costs on pending deals. More »
- Credit Crunch Rocks LBOs
  
  Wall Street Journal | Jul 27, 07 6:27 AM CDT
  
  (Newser) - Leveraged buyouts, which have fueled Wall Street booms with offers of huge premiums on shares of target companies, are sputtering to a halt, the Wall Street Journal reports. Private equity firms, which just weeks ago were predicting acquisitions worth $100 billion and more, are now finding large-scale borrowing too expensive to make deals worthwhile. More »
- Banks Put Hold on Chrysler Debt Sale
  
  Wall Street Journal | Jul 26, 07 9:03 AM CDT
  
  (Newser) - Banks yesterday postponed the sale of $12 billion of debt intended to finance the deal that will split off Chrysler from parent DaimlerChrysler. The Journal reports that the holdup is part of a global pinch on the market for corporate debt, and escalating borrowing costs have the potential to slow down a host of high-profile buyouts. More »
- XM, Sirius Say Post-Merger Prices Will Fall
  
  CNN | Jul 23, 07 3:55 CDT
  
  (Newser) - In an attempt to lower resistance to their proposed merger, satellite radio providers Sirius and XM unveiled new pricing plans today that they say will cut subscription prices by 46%. The plans, which start at $6.99 as opposed to the current $12.95 per month standard price, also allow listeners to select channels to add a la carte. More »
- Barclays Bid Gets Backing From the East
  
  BBC | Jul 23, 07 12:06 CDT
  
  (Newser) - The Chinese and Singaporean governments have invested almost $5 billion in Barclays, helping the firm float more cash for its bid for ABN. The state-run companies would invest even more if the bid succeeds, which would leave the Chinese state with a holding of 7.7% of the world's new largest bank. More »
- $24B Buyout Buzz Boosts Macy's Shares
  
  Bloomberg | Jul 19, 07 4:50 AM CDT
  
  (Newser) - Shares in Macy's soared amid reports of a pending $24-billion buyout plan by KKR and Goldman Sachs, reports Bloomberg . Stock rose $3.06—7.6%—to $43.09 after Women's Wear Daily reported the news. The Wall Street firms would pay $52 a share—a 30% premium on Wednesday's close, according to the report. More »
- How Did the Fox Dow Do Today, Dear?
  
  TheStreet | Jul 18, 07 6:04 CDT
  
  (Newser) - Get ready for the Fox Dow. If Rupert Murdoch is willing to pay $6B for a company that produced $105M in income last year, he must be seeing hidden opportunities, argues Brett Arends in the street.com. Dow Jones controls the name of the financial index—and if the sale goes through, Murdoch could change it to whatever he pleases. More »
- Whole Foods CEO Sorry for Web Subterfuge
  
  Wall Street Journal | Jul 18, 07 6:15 AM CDT
  
  (Newser) - The CEO of Whole Foods apologized yesterday for boosting his company and posting snide comments about a rival supermarket chain in Internet forums and said he "had fun doing it." John Mackey's actions over the last 8 years have already triggered an SEC investigation, and the company's board said yesterday it will launch its probe, the Wall Street Journal reports. More »
- Answer(s.com): $100 million
  
  paidContent.org | Jul 17, 07 8:06 AM CDT
  
  (Newser) - Question: What is the amount tiny Answers.com ($7 million in 2006 revenues), the operator of a reference aggregation site, has agreed to pay for equally tiny Lexico, owner of Dictionary.com, Thesaurus.com, and Reference.com. In order to raise the $100 million purchase price Answers has filed for a $140 million offering. More »
- IHOP Gets a Taste of Applebee's
  
  Reuters | Jul 16, 07 10:50 CDT
  
  (Newser) - Breakfast giant International House of Pancakes is acquiring the bar-and-grill chain Applebee's for $1.9B, or $25.50 a share—4.6% higher than Friday's closing price. IHOP will turn most of Applebee's 508 restaurants into franchises at a rate of 40 per quarter beginning in 2008, a move that execs hope will cut costs and revitalize the struggling pancake maker. More »
- $4B Deal Shakes Up Educational Publishing
  
  Reuters | Jul 16, 07 5:09 CDT
  
  (Newser) - Educational-publishing giant Houghton Mifflin grew even bigger today, agreeing to acquire three of Reed Elsevier's divisions for $4 billion. Boston-based Houghton will pay $3.7 billion in cash and the remainder in stock of its parent company for the Harcourt Education, Harcourt Trade, and Greenwood-Heinemann imprints, Reuters reports, leaving the sector largely in the hands of Houghton, Pearson, and McGraw-Hill. More »
- Danone Swallows Up Numico
  
  Bloomberg | Jul 9, 07 5:41 CDT
  
  (Newser) - French food corp Groupe Danone put in a $16.8B cash offer to buy baby food magnate Royal Numico—at just under $75 a share, a 38% premium over last week's closing price. The acquisition will make Danone an industry leader in the baby food market and should be finalized within weeks, Bloomberg reports. More »
- British Firm Bags Samsonite for $1.7B
  
  BBC | Jul 5, 07 4:57 CDT
  
  (Newser) - CVC Capital, a British private equity firm, has bought out Samsonite, the American luggage line, in an all-cash deal worth $1.7B, BBC reports. CVC will pay $1.49 a share--12% more than the stock was worth Tuesday. Samonsite has had five owners in the last 21 years, as luggage sales in general have declined. More »

Stories 181 - 200 of 243

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Background

Mergers and Acquisitions
Wikipedia

The phrase mergers and acquisitions (abbreviated M&A) refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling and combining of different companies that can aid, finance, or help a growing company in a given industry grow rapidly without having to...

» Read more about Mergers and Acquisitions at Wikipedia

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