Skip to: Content
Skip to: Site Navigation
Skip to: Search

Register Login What's New Settings

THURSDAY, NOVEMBER 26, 2009

|

RSS |

Follow Newser on Twitter

Twitter

Newser - Current News - Breaking Stories

Mergers & Acquisitions

Started by J Kelman; Last updated by SeacoastNH

Notify editors

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 21 - 40 of 342

<< Prev 1 2 3 4 5 6 ... 18 Next >>

March 2009
- Merck to Buy Schering-Plough in Latest Pharma Merger
  
  Wall Street Journal | Mar 9, 09 6:34 AM CDT
  
  (Newser) - Merck announced today that it will merge with fellow drugmaker Schering-Plough in a $41.1 billion cash-and-stock deal to enlarge its pipeline of new drugs in development, reports the Wall Street Journal . The two companies have already collaborated on cholesterol drug Zetia—whose sales plummeted after a study questioned its effectiveness. The merger comes 6 weeks after rival Pfizer announced its acquisition of Wyeth. More »
- Trader's $400M Loss Behind Merrill's London 'Irregularity'
  
  Times (UK) | Mar 6, 09 3:40 PM CST
  
  (Newser) - A rogue Merrill Lynch trader appears to have posted some $400 million in undisclosed losses in recent months, the Financial Times reports, covering his tracks with the “irregularity” the firm’s London branch is currently investigating. Alexis Stenfors, now suspended, reported $120 million in gains in 2008’s fourth quarter to cover for significant losses, the Times of London adds. More »
February 2009
- Ticketmaster Mogul Says He Can Save Music
  
  Wall Street Journal | Feb 21, 09 10:51 AM CST
  
  (Newser) - Irving Azoff may not be a household name, but he is, in fact, "the most powerful man in the music industry," writes Ethan Smith in a Wall Street Journal profile. The head of Ticketmaster—he made his name managing the Eagles in the '70s—is now trying to pull off his most brazen act yet: merging his company with concert promoter Live Nation. He insists it will save the industry, but also wonders, "Are we crazy to be trying this?" More »
- Liberty Media Nears Sirius Rescue Deal
  
  Financial Times (UK) | Feb 17, 09 4:21 AM CST
  
  (Newser) - Sirius XM may have found its white knight just in time, the Financial Times reports. The deadline for the satellite radio firm to restructure its debt or file for bankruptcy protection is today, and Liberty Media is believed to be readying a last-minute rescue deal that would give it a stake in the company in exchange for $250 million in debt payments. More »
- Sirius Creditors Ready to Go After CEO
  
  Wall Street Journal | Feb 16, 09 10:54 AM CST
  
  (Newser) - Sirius XM Radio's creditors want the company to make a deal with an investor rather than file for bankruptcy, and they're prepared to go after CEO Mel Karmazin's job if things don't go their way, the Wall Street Journal reports. "The board of directors should carefully consider the ramifications" of bankruptcy, a lawyer for the creditor group said. The company's decision is expected today. More »
- Japan's Square Enix to Buy 'Tomb Raider' Maker
  
  Forbes | Feb 12, 09 2:28 PM CST
  
  (Newser) - Looks like Lara Croft has a new sugar daddy: Japan’s Square Enix will buy Eidos, maker of the “Tomb Raider” videogame franchise, for $119.9 million, Forbes reports. That's more than double the per-share price at yesterday's market close. With Square willing to pay such a premium, it is unlikely that Time Warner, which already owns 20% of Eidos, will present a counter offer. More »
- Sirius Seeks White Knight
  
  Wall Street Journal | Feb 12, 09 9:59 AM CST
  
  (Newser) - With $175 million in debt due Tuesday and an unwanted takeover in the offing, Sirius XM Radio is hoping for help from Liberty Media, reports the Wall Street Journal . The satellite radio company is more than $3.25 billion in debt and nearly cashless, yet remains steadfast in its efforts to repel a takeover by EchoStar mogul Charles Ergen. More »
- Novartis Acquires Plavix Rival
  
  Wall Street Journal | Feb 12, 09 8:22 AM CST
  
  (Newser) - Novartis AG will pay a San Francisco biopharmaceutical company $75 million—with the potential for an additional $500 million—for the worldwide rights to an experimental anticlotting drug the Swiss drug firm hopes will rival Plavix, reports the Wall Street Journal. Market leader Plavix rang up $8.22 billion in sales last year, and Eli Lilly is expected to bring a competitor to market soon. More »
- Live Nation, Ticketmaster Reveal Merger Details
  
  Wall Street Journal | Feb 10, 09 12:30 PM CST
  
  (Newser) - Live Nation and Ticketmaster made public their merger plans today, though the combined concert-promotions and ticketing powerhouse is sure to face scrutiny by antitrust regulators, the Wall Street Journal reports.The new company is to be named Live Nation Entertainment; it's estimated the two will save $40 million by combining operations. More »
January 2009
- Wall Street Bonuses Fall 44%
  
  Reuters | Jan 28, 09 4:58 PM CST
  
  (Newser) - Wall Street firms still dished out end-of-year bonuses in 2008, but they were a lot smaller. Cash bonuses fell 44% from the year prior, from a total of $33 billion to $18 billion, Reuters reports. That drop may take $1 billion in tax revenue from New York state, which is already anticipating a potential $15.4 billion deficit. Ailing financial firms also shed 19,000 jobs, 10% of New York City's financial workforce. More »
- Pfizer Deal's $22.5B in Loans Hasn't Unlocked Credit
  
  Wall Street Journal | Jan 27, 09 9:11 AM CST
  
  (Newser) - Think Pfizer’s $68 billion deal to buy Wyeth, financed in part with $22.5 billion in loans, means credit markets have thawed? Think again, the Wall Street Journal reports. Pfizer’s lenders—including JPMorgan, Bank of America, Goldman, and Citigroup—are charging high interest (7%-9%, with loans due in a year) and can walk if Pfizer’s credit rating drops below investment-grade. More »
- Recession Hits Law Firms
  
  Wall Street Journal | Jan 26, 09 2:18 PM CST
  
  (Newser) - Law firms, once thought to be better able than most to weather sour economies, are finding themselves in a tough spot these days, the Wall Street Journal reports. While bankruptcy practices are holding steady, business in litigation has fallen off steeply as corporate clients settle instead of writing checks to firms. Across the industry, profits were down 8% to 12% last year, and firms are letting lawyers go left and right. More »
- Pfizer Snaps Up Wyeth for $68B
  
  Wall Street Journal | Jan 26, 09 6:11 AM CST
  
  (Newser) - The world’s largest drugmaker, Pfizer, is poised to become even more gargantuan after it agreed early this morning to buy rival Wyeth for $68 billion, reports the Wall Street Journal. In the first major merger to hit Wall Street in months, Pfizer will borrow $22.5 billion from four banks that received bailout money—Goldman Sachs, JPMorgan, Citigroup, and Bank of America, reports the New York Times. More »
- Thain Debacle Stings BofA Chief
  
  Economist | Jan 23, 09 5:25 PM CST
  
  (Newser) - John Thain may have lost his job running Merrill Lynch, but woe to the CEO who dared merge with him, the Economist reports. Thain no doubt trashed his reputation by failing to tell BofA chief Ken Lewis about looming losses—and handing out multimillion-dollar bonuses in the meantime—but Lewis, who booted Thain this week, appears reckless for ever approving the Merrill merger. More »
- Pfizer in Talks to Buy Wyeth
  
  Wall Street Journal | Jan 23, 09 5:49 AM CST
  
  (Newser) - Pfizer is seeking to create a Big Pharma behemoth with the acquisition of rival Wyeth, insiders tell the Wall Street Journal . The deal, expected to be worth around $60 billion, would make Pfizer—already the world's biggest drug company—big enough to redraw the map of the industry, although sources say the state of the economy means the talks could still collapse. More »
- Thain to Leave BofA After Record Losses
  
  CNBC | Jan 22, 09 11:55 AM CST
  
  (Newser) - Former Merrill Lynch CEO John Thain, who became a top exec at Bank of America when the firms merged last year, will resign from his position, CNBC reports. The move comes a week after Bank of America posted its first quarterly loss in 17 years, widely attributed to poor information about Merrill’s financials at the time of acquisition. To cover the sour deal, BofA has secured $20 billion in federal funds. More »
- Fiat, Chrysler Talk Partnership
  
  Automotive News | Jan 19, 09 1:39 PM CST
  
  (Newser) - Chrysler is in talks with Fiat to form a partnership that could boost the troubled automaker, Automotive News reports. In the deal, Fiat may offer Chrysler access to its platforms, engines, and transmissions for smaller cars, enabling Chrysler to quickly put out a new line of front-wheel-drive, low-emissions vehicles. Fiat could get a stake in Chrysler or money in exchange. More »
- Schapiro Pledges to 'Reinvigorate' SEC
  
  CNNMoney | Jan 15, 09 12:30 PM CST
  
  (Newser) - Mary Schapiro, Barack Obama’s nominee to head the Securities and Exchange Commission, told senators today she would make enforcement a top priority, CNN reports. Her confirmation hearing was also peppered with questions about how Bernard Madoff’s Ponzi scheme slipped past regulators; Schapiro currently heads an industry watchdog group. “I am under no illusion that this will be an easy job,” she said. More »
- Citi, Morgan Stanley Merge Brokerages
  
  CNBC | Jan 13, 09 5:32 PM CST
  
  (Newser) - Rumors of Citigroup’s plan to merge its brokerage unit with that of Morgan Stanley have proven true, as both companies’ boards approved the move today, CNBC reports. Morgan Stanley will control 51% of the joint venture between its operation and Citi’s Smith Barney. Observers see Stanley’s option to increase its stake later as a sign that Citi will eventually leave the brokerage business entirely. More »
- Fed Push Likely Behind Citi Breakup
  
  MarketWatch | Jan 13, 09 3:10 AM CST
  
  (Newser) - The expected sale of Citigroup's brokerage business could be the first step in a government-instigated plan to cut the financial behemoth down to a manageable size, analysts tell Marketwatch. Citibank's CEO said only last month that the group had the right business mix, and many believe his sudden about-face is directly related to the government exerting influence through its 7.5% stake in the firm. More »

Stories 21 - 40 of 342

<< Prev 1 2 3 4 5 6 ... 18 Next >>

This image released by The Field Musem in Chicago shows a painting...

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

US NEWS GATORWRESTLERS 1 FL

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 to lay off hundreds of workers, according to published reports. (AP Photo/Paul Sakuma)

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

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 takeover offer of $44.6 billion in its boldest bid yet to challenge Google Inc.'s dominance...

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)

« Prev« Prev | Next »Next » Slideshow

Related Threads

Microsoft Wants Yahoo • The Big Banks • Yahoo's Yang Years • Microsoft • Private Equity • Credit Market Chaos • Airline Industry • Rupert Murdoch • Google vs. Microsoft • Subprime Collapse

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

What is Newser?

Face it: there's too much news. At Newser, we choose the most important stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

© 2009 Newser, LLC. All rights reserved.