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Mergers & Acquisitions

Started by J Kelman; Last updated by SeacoastNH

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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 81 - 100 of 342

<< Prev 1 2 3 4 5 6 7 8 9 ... 18 Next >>

September 2008
- Longs Picks CVS Despite Walgreen's Higher Bid
  
  Associated Press | Sep 17, 08 2:41 PM CDT
  
  (Newser) - Longs Drugs today declined Walgreen’s premium buyout offer, opting for CVS’ in the pharmacy-market tussle, the AP reports. Longs’ largest shareholder calls the choice "totally unfair," but the board maintains that a Walgreen deal could get bogged down in antitrust review. Longs' stock dipped on the news, indicating that investors still expect a higher offer from one competitor or the other. More »
- Morgan Stanley Likely Shopping for a Merger
  
  CNBC | Sep 17, 08 7:25 AM CDT
  
  (Newser) - Morgan Stanley is rumored to be considering whether to merge with a deposit-taking bank, reports CNBC, in the wake of Lehman's collapse after repeatedly shunning buyout offers. And while the company hasn’t yet found a partner, insiders say that its sliding stock price makes survival unlikely without a well-capitalized bank as a partner. More »
- Barclays to Buy Parts of Lehman's Brokerage
  
  Financial Times (UK) | Sep 16, 08 11:28 AM CDT
  
  (Newser) - Barclays has reached a deal to buy part of Lehman Brothers’ US business, the Financial Times reports. Lehman’s international divisions could eventually be brought into the deal, or the deal could allow for their acquisition later. Exact terms are unclear, but the Wall Street Journal adds that the figure will be around $2 billion. More »
- Barclays in Talks to Buy Lehman Assets
  
  Wall Street Journal | Sep 16, 08 5:20 AM CDT
  
  (Newser) - Barclays is in talks to buy Lehman Brothers’ key assets in a shift that could save 10,000 jobs and some operations, the Wall Street Journal reports. A deal could be finalized today. No sale price has yet emerged for the possible transaction, which wouldn’t touch Lehman’s bad assets. UK-based Barclays pulled out of talks on Sunday to purchase Lehman, which declared bankruptcy yesterday. More »
- Wall Street Woes Will Wallop Tech Sector
  
  CNET | Sep 16, 08 2:02 AM CDT
  
  (Newser) - Troubles hitting the Wall Street giants promise particularly dark days ahead for the tech business world, analysts tell CNET News. The problems are bound to stifle mergers and acquisitions in the tech industry and further dampen the market for initial public offerings. IPOs have already slowed to a trickle—and may soon grind to a halt. More »
- Under Pressure, Sirius XM Tries to Look Ahead
  
  Wall Street Journal | Sep 15, 08 11:45 AM CDT
  
  (Newser) - Satellite radio’s fortunes—thought to be peaking after Sirius and XM merged in July—are falling as the united company’s stock continues to tumble and management scrambles to refinance debt, reports the Wall Street Journal. Still, CEO Mel Karmazin says, the company is “heading toward making a bunch of money in the future.” More »
- Bank of America CEO Lands His Biggest Fish Yet
  
  Reuters | Sep 15, 08 10:29 AM CDT
  
  (Newser) - Like predecessor Hugh McColl, Bank of America CEO Kenneth Lewis loves enormous deals. His 7-year reign has seen flashy conquests adding up to more than $150 billion, but never has he bagged a bigger trophy than Merrill Lynch, Reuters reports. The deal should fulfill Lewis’ oft-frustrated ambition to make BofA, already the country’s top retail bank, its top brokerage as well. More »
- Stocks Plunge at Open
  
  CNNMoney | Sep 15, 08 9:09 AM CDT
  
  (Newser) - Stocks tumbled at the opening bell this morning, with the Dow dropping more than 300 points after a weekend that turned the financial industry on its head. Lehman Brothers’ collapse and AIG’s request for $40 billion from the Federal Reserve “are causing a major financial panic this morning,” said one strategist—though Bank of America’s takeover of Merrill Lynch injected some optimism, CNNMoney reports. More »
- Bank of America to Buy Merrill Lynch for $44B
  
  Wall Street Journal | Sep 14, 08 8:19 PM CDT
  
  (Newser) - In a day of toppling dominoes on Wall Street, Bank of America agreed to buy Merrill Lynch for $44 billion, or $29 a share—about two-thirds of what it was worth a year ago and 50% of its highest value in 2007, the Wall Street Journal reports. The deal, struck over 2 days of intense negotiations, reconfigures the US banking world by making the nation's biggest bank even more powerful. More »
- Lehman on Brink as Barclays Backs Out
  
  Wall Street Journal | Sep 14, 08 2:31 PM CDT
  
  (Newser) - Barclays told federal regulators today that it is walking away from talks to buy all or part of Lehman Brothers. Barclays reportedly balked at a request that shareholders approve the agreement, a process that could take weeks—and left some wondering why the demand came up as late as today. But Barclays may only be walking away as a negotiating tactic, the Wall Street Journal reports. More »
- Wall St. Groans as Lehman Deal Takes Shape
  
  Wall Street Journal | Sep 13, 08 7:08 PM CDT
  
  (Newser) - A possible deal to salvage Lehman Brothers took shape today but cast a dark mood over Wall Street, the Wall Street Journal reports. Washington refused to save the ailing bank, sparking a plan for either Barclay's or Bank of America to buy "good" Lehman assets while other banks propped up an $85 billion "bad" Lehman bank—a move that could send ripples of pain through the financial industry. More »
- Feds, Banks Seek Lehman Deal by Tonight
  
  Wall Street Journal | Sep 13, 08 2:05 PM CDT
  
  (Newser) - Washington and Wall Street continued talks today aimed at solving the Lehman Brothers crisis as early as tonight, the Wall Street Journal reports. Federal Reserve officials still refuse to approve a bailout like the one that enabled JP Morgan to acquire Bear Stearns this summer—but possible buyers like Bank of America and Barclays are balking at Lehman's bad assets, which have so far hindered a deal. More »
- Fed Holds Crisis Talks on Lehman With Top Bank Execs
  
  Wall Street Journal | Sep 13, 08 6:39 AM CDT
  
  (Newser) - The New York Fed called an emergency meeting of Wall Street heavyweights last night to try to avert a collapse of Lehman Brothers, the Wall Street Journal reports. Top execs of all the big financial firms were urged by NY Fed Chief Timothy Geithner to work together to save the bank, the New York Times reports, arguing that if they failed, other banks would be in jeopardy. Treasury Secretary Henry Paulson and SEC Chairman Christopher Cox were also in attendance. More »
- BofA Could Partner With China Fund on Lehman Bid
  
  Financial Times (UK) | Sep 12, 08 12:17 PM CDT
  
  (Newser) - Bank of America could partner with financial investor JC Flowers and a Chinese sovereign wealth fund on a bid to rescue Lehman Brothers, the Financial Times reports. The hobbled investment bank had resisted selling itself, but is now eagerly seeking suitors before the last of its goodwill on Wall Street dries up. More »
- Feds Hope to Arrange Sale of Lehman This Weekend
  
  Washington Post | Sep 11, 08 5:13 PM CDT
  
  (Newser) - The US government is helping to arrange a sale of Lehman Brothers this weekend, the Washington Post reports, with the Treasury Department and Federal Reserve working with the reeling investment bank to hammer down its fate before the Asian markets open Monday morning. Officials are reportedly talking to several different suitors and helping Lehman sort through the different scenarios. More »
- Bank of America in Talks to Buy Lehman Bros.
  
  Wall Street Journal | Sep 11, 08 4:26 PM CDT
  
  (Newser) - Bank of America is in preliminary talks to acquire struggling investment bank Lehman Brothers, the Wall Street Journal reports. Lehman has been shopping itself around in a bid to stave off collapse, but potential suitors are wary. Many want Washington to assist with a sale of the bank, whose shares dipped more than 40%, to under $5, today. More »
- Maker of Marlboros May Buy Skoal for $10B
  
  New York Times | Sep 5, 08 8:25 AM CDT
  
  (Newser) - The nation’s largest cigarette maker, Altria Group, is in talks to acquire UST, the producer of Skoal and Copenhagen smokeless tobaccos for a rumored $10 billion, the New York Times reports. Altria, a spinoff of Philip Morris, makes Marlboro cigarettes. Negotiators were poised to strike a deal over the weekend, the Times notes. More »
- Coke Bids $2.4B for Chinese Juice Company
  
  Wall Street Journal | Sep 3, 08 10:12 AM CDT
  
  (Newser) - Buoyed by its highly visible sponsorship role at the Beijing Olympics, Coca-Cola has made a $2.4 billion offer for a Chinese juice and nectar company, the Wall Street Journal reports. The deal would be the second-largest acquisition ever by the company, which has been expanding into non-carbonated beverages in recent years, and the largest controlling purchase of a Chinese company by a foreign bidder. More »
- South Korean Banks Offer $5.3B for Stake in Lehman
  
  Associated Press | Sep 3, 08 7:47 AM CDT
  
  (Newser) - Korea Development Bank—which in August backed out of negotiations to acquire struggling Lehman Brothers—is back with bid for a 25% stake in the capital-starved bank for as much as $5.3 billion, reports the AP. The state-owned lender says it will form a consortium of South Korean banks to pay for the deal, and could increase its stake later. More »
August 2008
- BA, American Hope 3rd Time Is the Charm
  
  New York Times | Aug 15, 08 6:48 AM CDT
  
  (Newser) - American Airlines and British Airways are making a third stab at a joint business agreement—and this time, reports the New York Times , the deal might actually go through. American, BA, and the Spanish carrier Iberia are applying for antitrust approval to form a global network. The CEO of American's parent company today predicted that the arrangement would win "swift approval" amid loosened regulations in a collapsing industry. More »

Stories 81 - 100 of 342

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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)

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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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