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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 295

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July 2008
- Belgian-Brazilian InBev Buys Anheuser-Busch for $52B
  
  Wall Street Journal | Jul 14, 08 4:10 AM CDT
  
  (Newser) - Legendary American brewing company Anheuser-Busch has agreed to a $52 billion takeover bid by the Belgian-Brazilian InBev, building the largest beer firm in the world and ending over 150 years of ownership by the Anheuser and Busch families, the Wall Street Journal reports. The $70-per-share deal is a step up from an earlier, rejected offer. More »
- InBev Boosts Bid for Bud, Making Buyout Likely
  
  Wall Street Journal | Jul 11, 08 10:55 AM CDT
  
  (Newser) - InBev has increased its bid for Anheuser-Busch to $70 a share, the Wall Street Journal reports. Although willing to replace the Budweiser-brewer’s board in a hostile takeover, the $5-per-share boost—bringing the total deal to $50 billion—is a signal that InBev would prefer to keep things friendly. Anheuser will probably accept the new offer, sources told the Journal . More »
- Lender Woes Keep Lid on Gains
  
  MarketWatch | Jul 10, 08 3:39 PM CDT
  
  (Newser) - The markets ended with modest gains today, led by a rally in financials despite continued anxiety over the future of Freddie Mac and Fannie Mae, MarketWatch reports. Treasury chief Henry Paulson and Ben Bernanke's call for greater regulatory powers encouraged investors. The Dow gained 81.58 points to 11,229.02, the Nasdaq rose 22.96 to 2,257.85, and the S&P 500 gained 8.70 to 1,253.39. More »
- Dow Chemical Drops $15.3B on Rohm & Haas
  
  Wall Street Journal | Jul 10, 08 8:46 AM CDT
  
  (Newser) - In what may be the beginning of a long-anticipated consolidation of the chemical industry, Dow Chemical today said it was buying coatings and electronic-materials company Rohm & Haas in a $15.3 billion all-cash deal, reports the Wall Street Journal. Dow is backed by $3 billion from Warren Buffett's Berkshire Hathaway—the second time in past months that the Oracle of Omaha has assisted in a buyout. More »
- Yang Slams 'Destabilizing' Microsoft Plan
  
  Wall Street Journal | Jul 9, 08 8:49 AM CDT
  
  (Newser) - Yahoo CEO Jerry Yang launched a fresh offensive in the Yahoo-Microsoft war of words yesterday, reports the Wall Street Journal . Microsoft has said it would be interested in reopening merger talks if Yahoo's current board was replaced—but the Yahoo co-founder accuses the company of tactics to destabilize Yahoo without any real interest in cutting a deal. More »
- Icahn: Microsoft Will Only Negotiate With Me
  
  Wall Street Journal | Jul 7, 08 10:04 AM CDT
  
  (Newser) - Carl Icahn says Microsoft is still in the hunt to acquire Yahoo, but only if the board is replaced, the Wall Street Journal reports. Icahn says Microsoft CEO Steve Ballmer “made it abundantly clear” to him that he wouldn’t talk with Yahoo’s current board, which he fears will run the company into the ground before antitrust authorities agree to a merger. More »
- InBev Brews Plan to Oust Anheuser-Busch Directors
  
  Wall Street Journal | Jul 7, 08 8:15 AM CDT
  
  (Newser) - InBev is turning up the heat in its $46.35-billion attempt to take over St. Louis-based Anheuser-Busch, seeking to replace the company's board with a new slate of directors. The move aims to allow shareholders a direct say on the merger bid that was spurned last month, reports the Wall Street Journal. The Belgian-Brazilian brewer offered stockholders $65 a share, a 35% premium. More »
- Weather Channel Sells for $3.5B
  
  New York Times | Jul 7, 08 6:25 AM CDT
  
  (Newser) - NBC is heading an investor group that will buy the Weather Channel for nearly $3.5 billion—well below the $5 billion Landmark Communications was expecting when it put the iconic cable channel up for sale in January. The group, which includes private equity firms Bain Capital and the Blackstone Group, outlasted Time Warner, which dropped out of the bidding 3 weeks ago, reports the New York Times. More »
June 2008
- Yahoo's Defensive Stance: Microsoft 'Inconsistent' in Bid
  
  MarketWatch | Jun 30, 08 4:34 PM CDT
  
  (Newser) - As it tries to fend off investor Carl Icahn's attempt to replace its board of directors, Yahoo today presented its version of buyout negotiations with Microsoft to shareholders, MarketWatch reports. Yahoo portrayed Microsoft as “unresponsive, inconsistent,” and loose on logistic details of the proposed merger. "The record casts doubt on whether Microsoft was ever committed to a whole company acquisition," its report said. More »
- Budweiser to Reject InBev Offer
  
  Wall Street Journal | Jun 25, 08 7:00 PM CDT
  
  (Newser) - Anheuser-Busch plans to reject Belgian brewer InBev's $46 billion offer to buy the company, the Wall Street Journal reports. The decision is not expected to deter InBev, however, which could launch a hostile takeover bid, the Journal notes. InBev wants to acquire the St. Louis brewer—the maker of Budweiser—to create the world's largest beer maker. More »
- Nokia Moves to Counter iPhone
  
  Wall Street Journal | Jun 24, 08 2:16 PM CDT
  
  (Newser) - In a move aimed at bolstering its ability to compete with Apple's iPhone, Nokia is acquiring smartphone software-maker Symbian and moving toward increased cooperation with other mobile-phone industry veterans. Top handset makers and providers will participate in a nonprofit foundation to handle marketing and coordination for developers, and Symbian will combine its software into one open-source platform, the Wall Street Journal reports. More »
- DreamWorks Near Bollywood Alliance
  
  Wall Street Journal | Jun 18, 08 10:09 AM CDT
  
  (Newser) - Steven Spielberg's DreamWorks venture is closing in on a deal with an Indian media conglomerate that could fund a break from Paramount Pictures, the Wall Street Journal reports. Mumbai-based Reliance, a conglomerate with stakes in telecom, finance, and entertainment looking to expand into Hollywood, could bring as much as $600 million. The Spielberg team's relations with Paramount have grown chilly recently. More »
- Canada Could Hurt Firms It Tries to 'Protect'
  
  American | Jun 17, 08 3:28 PM CDT
  
  (Newser) - A move last month by the Canadian government to block the country's top space-tech firm from selling one of its divisions to a US buyer illustrates a tricky balancing act, Christopher Sands writes in the American : How far should Ottawa go to appease nationalist sentiment if it eats into economic benefits? The wariness, Sands notes, extends back to colonial days. More »
- Budweiser to Buy Corona to Stave Off Stella?
  
  Wall Street Journal | Jun 13, 08 6:55 AM CDT
  
  (Newser) - Anhueser-Busch has approached Mexian brewer Grupo Modelo about a possible merger, the Wall Street Journal reports, in an attempt to thwart an unwanted $46.35 billion takeover bid from Belgium’s InBev NV. Anhueser already owns 50% of Modelo, which is best known for its Corona brand. By buying the other 50%, it hopes to move out of InBev’s price range. More »
- Microsoft, Yahoo End Talks, Rule Out Merger
  
  Wall Street Journal | Jun 12, 08 3:32 PM CDT
  
  (Newser) - Looks like a Microsoft-Yahoo marriage is off—for good this time, the Wall Street Journal reports. In a meeting last weekend, Microsoft representatives stated “unequivocally” that the software giant was not interested in purchasing all of Yahoo for any price. Yahoo then ruled out an alternative of selling Microsoft only its search business. More »
- This Bid's for Bud: Belgian Brewer Offers $46B
  
  Wall Street Journal | Jun 11, 08 10:28 PM CDT
  
  (Newser) - The Belgian-based brewer InBev has made a $46 billion cash bid for US beer giant Anheuser-Busch in what would be one of the largest foreign acquisitions of an American corporation, the Wall Street Journal reports. If it goes through—a prospect that is far from certain—the 132-year-old Budweiser brand will be in foreign hands. More »
- Icahn: Yahoo Poison Pill 'Reprehensible'
  
  Wall Street Journal | Jun 11, 08 9:52 AM CDT
  
  (Newser) - Billionaire investor Carl Icahn yesterday called Yahoo’s poison-pill severance plan, designed to deter hostile takeovers, “reprehensible,” the Wall Street Journal reports, but Yahoo said the measure would kick in if Icahn wins control of the board. "Now they found a way to entrench themselves forever," Icahn said, even as a shareholder group went to court to block the plan. More »