Northwest Airlines Corp., that expects to emerge from bankruptcy-court protection in June, has said that its creditors approved a plan in which the carrier's top 400 managers would receive 4.9 percent of the equity of the reorganized company in...
Archive - March 2007
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United Technologies Corp. has said that it has agreed to acquire Great Britain's Initial Electronic Security Group, a unit of Rentokil Initial, for $1.16 billion in cash offer. The decision was taken as a part of United Technologies' continued...
In an interesting development, frustrated Take-Two Interactive shareholders ousted five of six board members up for re-election, including the chief executive, who was booted from the boardroom and the executive suite. Dissident investors voted in...
BCE Inc. has categorically denied the speculations that it plans to be acquired by a big Wall Street buyout firm, following a report of a possible friendly takeover bid for Canada's largest telephone company. BCE added that its management has no...
Texas Pacific Group is contemplating a 3.4 billion-euro or $4.5 billion takeover bid for Iberia Lineas Aereas de Espana SA, Spain's largest airline, as trans-Atlantic carriers prepare for more access to routes by next year. Madrid-based Iberia...
You know KFC and McDonalds for their crispy fried chicken and nuggets but do you know that these American multinationals also indulge in labor right violations. These money minting companies have been offering their part time Chinese employees only...
Kohlberg Kravis Roberts & Co. and Italian billionaire Stefano Pessina have reportedly raised their bid for Alliance Boots Plc to 10.1 billion pounds or $19.8 billion, and the U.K.'s largest drugstore chain has signaled that it may discuss a deal....
The US government awarded AT&T, Qwest Communications International and Verizon the largest telecommunications contract in history, leaving Sprint Nextel out of a deal worth up to $48 billion over the next 10 years. However, the contract, by the...
The battle for gaining control for Tribune Company intensified two billionaires put in a last minute bid. Southern California billionaires Eli Broad and Ronald Burkle have reportedly improved their offer for the distressed Tribune Co. media empire,...
Singapore Power Ltd. and Babcock & Brown Ltd. have decided to buy Alinta Ltd. for A$7.4 billion or $6 billion to acquire the assets of Australia's biggest owner of gas pipelines and electricity networks. The cash and stock offer amounts to A$15 a...
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