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Wall Street Journal
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May 30, 08 7:15 AM CDT
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A proposed merger between United Airlines and US Airways is on hold again, the Wall Street Journal reports. United’s CEO told his US Airways counterpart that his airline is close to a deal with Continental, a merger that would be less costly and wouldn’t face as much antitrust scrutiny as a United-US Airways deal, the Journal notes. United’s revelation follows rejection from Continental last month.
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Wall Street Journal
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May 28, 08 7:42 PM CDT
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The CEOs from United Airlines and US Airways will meet tomorrow to try to nudge ahead talks of a possible merger, the Wall Street Journal reports. If they make headway, the executives could present a possible deal to their respective boards in mid-June. The deal, in the works for two months but rumored to be in trouble recently, could easily fall through for a host of reasons, including the volatility of the industry over surging oil prices.
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Wall Street Journal
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May 24, 08 12:48 PM CDT
(Newser) -
Belgian-based brewer InBev NV is considering an unsolicited takeover of Anheuser-Busch, the Wall Street Journal reports. The Busch family is loathe to sell the 150-year-old American icon and brewer of Budweiser—Executive August A. Busch IV vowed it wouldn’t happen “on my watch”—but activist investors have been scooping up shares, hoping to force the issue. InBev and Anheuser are the world’s second- and third-largest brewers by volume.
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Financial Times (UK)
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May 23, 08 6:51 PM CDT
(Newser) -
A Belgian brewing giant whose brands include Stella Artois is contemplating a $46 billion takeover of Anheuser-Busch, the Financial Times reports today. If CEO August Busch IV denies Belgium's InBev, as he reportedly did in October, the company may go directly to shareholders. InBev is also contemplating a partnership with SABMiller (Miller and other beers) should its Anheuser plan fall flat.
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Wall Street Journal
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May 20, 08 10:08 AM CDT
(Newser) -
Yahoo needs to sell to Microsoft, or it’ll wind up a cautionary tale, writes Dennis Berman in the Wall Street Journal. Yahoo currently trades at 48 times earnings—for comparison, GE trades at 15 times earnings, and Google at 33, even though both are growing faster than Yahoo’s sad 9% rate. Lagging in growth isn’t a recipe for success: just ask AOL.
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Wall Street Journal
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May 19, 08 9:09 PM CDT
(Newser) -
Microsoft's new offer to Yahoo includes breaking up the company and buying its search-advertising business, notions that have left Yahoo execs cold, the Wall Street Journal reports. Under the plan, Yahoo would sell its Asian assets and let Microsoft buy a minority stake in what's left of the company.
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Wall Street Journal
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May 18, 08 4:05 PM CDT
(Newser) -
Microsoft is back at Yahoo's bargaining table, this time seeking a partial acquisition of the Internet portal, the Wall Street Journal reports. Buyout talks fizzled earlier this month, but billionaire Carl Icahn's push for a proxy war has left Yahoo honchos feeling shareholder pressure to cut a deal, though today they warned one may not happen.
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Wall Street Journal
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May 15, 08 9:28 PM CDT
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Hours after Carl Icahn began his quest to take over Yahoo’s board, the company issued a statement saying he has a "significant misunderstanding" of the recent Microsoft purchase offer, the Wall Street Journal reports. Icahn wants to unseat the current Yahoo board, replace it with one of his own, and force the company to try to forge a deal with Microsoft.
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Wall Street Journal
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May 15, 08 8:33 AM CDT
(Newser) -
CBS has agreed to buy CNET for $1.8 billion, the Wall Street Journal reports. The merger comes just as CNET was facing a full-scale shareholder revolt. Now, those investors are getting $11.50 a share, a price the stock hasn’t touched in two years and a 45% premium on yesterday’s close. Those shares immediately soared to $11.30 in premarket trading.
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Reuters
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May 14, 08 6:36 PM CDT
(Newser) -
Billionaire investor Carl Icahn will move ahead with his plan to unseat Yahoo's current board of directors and force a sale to Microsoft, Reuters reports. Icahn, who has bought about 50 million Yahoo shares since Microsoft withdrew its offer May 3, has lined up 12 members for his dissident board ahead of tomorrow's deadline. The move is risky because Microsoft has given no indication whether it will renew its offer for a new board.
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Wall Street Journal
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May 13, 08 5:39 PM CDT
(Newser) -
A new player has entered the Microsoft-Yahoo epic, the Wall Street Journal reports: billionaire investor Carl Icahn. He has bought about a 4% stake in Yahoo since Microsoft withdrew its offer to buy on May 3. Icahn will decide by tomorrow whether to launch an attempt to take over Yahoo's board and perhaps force a sale.
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Wall Street Journal
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May 12, 08 10:30 PM CDT
(Newser) -
Italy's biggest defense contractor has agreed to buy DRS Technologies Inc. for $5.3 billion and grab a share of America's defense market, the Wall Street Journal reports. Finmeccanica will purchase the defense-electronics firm for $81 per share, a 32% premium on share price, pending approval by Washington. The deal is expected to close by year's end.
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Wall Street Journal
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May 12, 08 4:29 PM CDT
(Newser) -
Hewlett-Packard is near a deal to buy Electronic Data Systems for $12-13 billion, the Wall Street Journal reports, an acquisition that would make it more competitive in the services sector with rival IBM. Confirmation was expected soon (HP admitted “advanced discussions” were underway), even as the tech consulting and outsourcing company, valued at $9.5 billion, saw its stock soar on the news.
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Wall Street Journal
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May 12, 08 8:07 AM CDT