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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 61 - 80 of 246

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April 2008
- Microsoft's Price Wasn't Right: Yahoo Offer Expires
  
  Wall Street Journal | Apr 27, 08 4:05 PM CDT
  
  (Newser) - 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 »
- Arby's Purchase of Wendy's 'Sad Day' for Thomas Family
  
  Columbus Dispatch | Apr 25, 08 12:08 PM CDT
  
  (Newser) - After years of haggling, Arby’s owner Nelson Peltz reached a deal to acquire Wendy’s yesterday, ending the involvement of the Thomas family that founded it. Wendy Thomas herself called the sale a “huge, huge disappointment,” the Columbus Dispatch reports. The family had hoped local franchisee J. David Karam would acquire the company. “It’s a sad day for Columbus,” said Karam. More »
- Delta, Northwest Execs: Merger Would Ease Gas Burden
  
  Associated Press | Apr 24, 08 3:51 PM CDT
  
  (Newser) - The CEOs of Delta and Northwest took their case for a merger to Capitol Hill today, where they argued that they would be better equipped to deal with surging gas prices as a single company. Both businesses had big first-quarter losses, and the executives told lawmakers they’d be better competition for foreign airlines as a team, the AP reports. More »
- Apple Snaps Up Chip Design Company
  
  Forbes | Apr 24, 08 6:47 AM CDT
  
  (Newser) - Apple has acquired a designer of sophisticated, low-power computer chips, Forbes reports. Analysts say the move will likely lead to a new kind of chip powering future iPhones and iPods, as well as new Apple designs, helping the company differentiate itself from competition scrambling to keep up. The news comes as a blow to chip maker Intel. More »
- Ballmer to Yahoo: That's Our Final Offer
  
  Bloomberg | Apr 23, 08 2:48 PM CDT
  
  (Newser) - Microsoft won't raise its $44.6 billion takeover bid for Yahoo despite the Internet firm's strong first-quarter earnings, Bloomberg reports. "We are prepared to go forward without a merger," said CEO Steve Ballmer, who has threatened a proxy shareholder revolt to push the deal through, possibly at a lower price, if Yahoo didn’t agree to the original bid by Saturday. More »
- Murdoch Closing In on Newsday Deal
  
  Reuters | Apr 22, 08 10:27 AM CDT
  
  (Newser) - Rupert Murdoch's News Corp. empire is closing in on a deal to buy Newsday from the Tribune Company for an $850 million package, reports Reuters. Under the terms of the deal, Newsday would be run as a joint venture with the New York Post , but the papers would remain separate for now. Tribune would get $550 million in cash and retain a 5% stake in Newsday . More »
- Air France-KLM Pulls Offer for Alitalia
  
  Wall Street Journal | Apr 22, 08 6:37 AM CDT
  
  (Newser) - Air France-KLM has withdrawn its offer to buy Alitalia, leaving the cash-poor Italian carrier with few options. In a tersely worded statement, the world's largest airline said its Alitalia overture—which had been opposed by Alitalia's unions—was "no longer valid." With no suitors forthcoming and cash reserves dwindling—the airline loses $1.6 million a day—Alitalia may be forced to declare bankruptcy, writes the Wall Street Journal . More »
- Cisco Develops a Lighter Touch in Acquisitions
  
  Wall Street Journal | Apr 17, 08 1:59 PM CDT
  
  (Newser) - Cisco, once famous for swallowing small companies whole and digesting them without leaving a trace of their former brand names (or management), is forging a new acquisition strategy. As it targets new, Internet-based technologies that it’s less familiar with, the company has developed a lighter touch, as evidenced by several recently acquired businesses that operate with much greater independence, reports the Wall Street Journal . More »
- United and Continental May Be Next to Merge
  
  Houston Chronicle | Apr 15, 08 4:11 AM CDT
  
  (Newser) - The Delta-Northwest merger will create the world's biggest airline—but that title could fall before the ink is even dry on the deal as industry pressures force other carriers into shotgun weddings, the Houston Chronicle reports. Analysts believe United and Continental would be a good match and a deal between the two is widely expected, possibly in a matter of weeks. More »
- Delta, Northwest Approve Merger
  
  New York Times | Apr 14, 08 7:17 PM CDT
  
  (Newser) - Delta and Northwest Airlines execs agreed today to merge their companies into the world's largest airline, the New York Times reports. Delta CEO Richard Anderson will lead the new company, called Delta, if Northwest shareholders approve the transaction. The $3.1 billion deal would give Northwest shareholders 1.25 Delta shares for each outstanding Northwest share, a 17% premium from Monday's closing prices. More »
- Blockbuster Makes $1.35B Bid for Circuit City
  
  Wall Street Journal | Apr 14, 08 7:53 AM CDT
  
  (Newser) - Movie-rental chain Blockbuster went public today with an offer to buy struggling consumer electronics retailer Circuit City for between $6 and $8 a share, reports the Wall Street Journal. Blockbuster made the offer—worth up to $1.35 billion—in February, but said Circuit City hasn’t opened its books. Circuit City closed at $3.90 Friday. More »
- Delta, Northwest Close to Merger After Revived Talks
  
  Wall Street Journal | Apr 13, 08 3:40 PM CDT
  
  (Newser) - Delta and Northwest Airlines are readying a merger that could be announced as soon as Tuesday, reports the Wall Street Journal . But disputes over the deal’s financial terms and handling of pilot seniority threaten to scuttle the union. Negotiations between the two carriers broke down last week but were revived this weekend with the hope of reaching an agreement by tomorrow. More »
- Yahoo Merger Could Level Online Ad Market
  
  Wall Street Journal | Apr 11, 08 3:57 PM CDT
  
  (Newser) - Winds of a Yahoo-Microsoft merger have sparked a “nuclear war” in the online-advertising world—and the Google-dominated market could soon see major changes, the Wall Street Journal reports. “Nothing short of a new world order in this space is up for grabs,” says an expert. As Yahoo and Microsoft mull joining forces with each other (or perhaps other partners), consolidation could create healthy competition. More »
- Yahoo Board Meets as Buyout Options Grow
  
  Wall Street Journal | Apr 11, 08 2:45 AM CDT
  
  (Newser) - Yahoo's board meets today to examine the options for avoiding a hostile takeover by Microsoft, the Wall Street Journal reports. Experts think a Microsoft grab is still the most likely scenario, but the situation has grown increasingly complicated in the midst of discussions of an AOL-Yahoo merger, Yahoo's proposed trial of Google ads, and rumors of News Corp. joining Microsoft's side. More »
- Yahoo, AOL May Merge; Murdoch-Microsoft In Talks
  
  Wall Street Journal | Apr 9, 08 10:34 PM CDT
  
  (Newser) - Two groundbreaking Internet deals are in the works, both related to Microsoft's desire to take over Yahoo, the Wall Street Journal reports. In one, Yahoo is considering combining its online operations with Time Warner's AOL. In the other, Rupert Murdoch's News Corp. is in talks to join Microsoft in its bid to acquire Yahoo. More »
- Yahoo Investor Calls Microsoft Threat a Blunder
  
  Wall Street Journal | Apr 9, 08 11:28 AM CDT
  
  (Newser) - Yahoo received a tepid endorsement from its second-largest shareholder yesterday as its takeover battle with suitor Microsoft continued to heat up, the Wall Street Journa l reports. Legg Mason, which holds a 7% stake in Yahoo, said it would back an independent Yahoo before it would sell its stake at a reduced price—and Microsoft's CEO "blundered" by threatening to go that route. More »
- Discover Gobbles Up Diners Club
  
  Bloomberg | Apr 8, 08 3:10 AM CDT
  
  (Newser) - Discover Financial Services is moving into the global credit card market with its acquisition of Diners Club International from Citigroup, Bloomberg reports. The $165 million deal gives Discover a foothold in the 185 countries outside North America where Diners has a presence, which will add revenue at a time when Americans are struggling to pay their credit card bills. More »
- Murdoch Heir's Deal for Aussie Media Mainstay Falls Apart
  
  The Australian | Apr 7, 08 9:32 AM CDT
  
  (Newser) - A $3 billion bid for control of Australia's Consolidated Media Holdings by Rupert Murdoch’s son, Lachlan, is dead in the water after Murdoch’s financial backers and CMH—a major magazine and TV player—failed to agree to a price for the takeover, the Australian reports today. The original deal set a $4.80 share price; Murdoch’s equity partners, Providence Equity Partners, would only pay $4.60. More »
- Novartis, Nestle Agree to $39B Deal on Alcon
  
  Wall Street Journal | Apr 7, 08 7:11 AM CDT
  
  (Newser) - Nestle and pharma giant Novartis continued swapping brands today, with Novartis, which sold Gerber to Nestle last year, agreeing to pay $39 billion for a 77% stake in eye-care company Alcon, reports the Wall Street Journal . The two-step deal—Novartis will pay $11 billion for 74 million shares this year and buy the remaining shares by 2011—is among the largest in Swiss history. More »
- Microsoft and Yahoo: Second Date, Still No Kiss
  
  Wall Street Journal | Apr 4, 08 1:18 PM CDT
  
  (Newser) - Microsoft and Yahoo execs met again this week, but the software maker refused to raise its takeover offer and the two sides failed to make progress toward an agreement. Yahoo won’t enter formal negotiations unless Microsoft increases its Jan. 31 cash-and-stock bid, then worth $44.6 billion and now about $42 billion, sources told the Wall Street Journal . More »

Stories 61 - 80 of 246

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This image released by The Field Musem in Chicago shows a painting... (Getty Images)

US NEWS GATORWRESTLERS 1 FL (KRT Photos)

The Yahoo tent at the Consumer Electronics Show (CES) is seen in Las Vegas, Monday, Jan. 7, 2008. Battered by slow revenue growth and the popularity of social networking Web sites, Yahoo! Inc. is poised... (Associated Press)

El gráfico muestra el precio de las acciones y ganancias de Microsoft Corp. y Yahoo Inc.; 2c 96,3 mm x 153,5 mm (Associated Press)

This combination of two photos shows Microsoft founder Bill Gates, left, and Yahoo CEO Jerry Yang. Microsoft Corp. on Friday, Feb. 1, 2008 pounced on slumping Internet icon Yahoo Inc. with an unsolicited... (Associated Press)

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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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