Tag - Acquisition & Merger
General Electric Co. is close to reaching an agreement to sell its plastics division for almost $11 billion to Saudi Arabia's largest industrial company, Saudi Basic Industries Corp., according to reports. If the deal is concluded, the Saudi company...
Blackstone Group announced that it has agreed to acquire data-processing and marketing company Alliance Data Systems Corp. for $6.4 billion, marking the latest in a series of private-equity acquisitions in the financial-processing sector....
WPP, the world's second-largest advertising group, has decided to acquire 24/7 Real Media, the US digital marketing company, for $649 million, the company said in its announcement. The takeover has marked the continuing the trend of consolidation...
An affiliate of billionaire investor Edward S. Lampert's hedge fund has recently surprise experts at Wall Street by announcing that it has purchased more than 15 million shares of Citigroup. This move has left many on Wall Street wondering if...
In the latest step in its ambitious plan to roll up business-software makers, Oracle Corp. yesterday announced that it would acquire software maker Agile Software Corp. for about $495 million. Business software maker Oracle added yet another...
Following the decision of DaimlerChrysler to offload Chrysler Group, it will go back to being Daimler, and its presence in the US will minimize virtually overnight. Without Chrysler's presence, the company has one plant in the US, one major office...
The trustees entrusted with supervising the uprightness and independence of the Reuters Group approved the acquisition of the company to the Thomson Corporation of Canada on Tuesday. However, the pace with which they went along with the deal has...
Telefonica SA has announced yesterday that it has agreed to sell its 75 percent stake in Dutch television producer Endemol for $3.56 billion, hinting at its departure from the content business as it resumes its aggressive international acquisition...
In an interesting development, Royal Bank of Scotland Group PLC chairman Tom McKillop has been warned by at least four leading institutional investors last week not to overpay for ABN Amro Holding NV. According to the reports shareholders are...
US private equity group Cerberus inched closer to acquire Chrysler, the struggling US unit of Germany's DaimlerChrysler, reports suggest. DaimlerChrysler is expected to declare on Monday a deal to sell a controlling stake in Chrysler Group,...
In a surprising move, Chicago Mercantile Exchange raised its offer to acquire its rival, the Chicago Board of Trade. Both the exchanges announced a revised merger agreement and said that they expect regulators to endorse the deal before it is put to...
Magna International Inc., the Canadian auto-parts maker bidding for Chrysler, has announced that Russian billionaire Oleg Deripaska will buy a stake in the company to help Magna expand in Eastern Europe and Russia. Oleg Deripaska, the Russian...
Alcoa, the world's largest aluminum company, announced that it has launched a hostile bid to acquire its Canadian rival Alcan Inc. for $33 billion after closed-door talks between the aluminum companies failed to lead to an agreement. The company...
Royal Bank of Scotland led consortium has confirmed that their sweetened offer for ABN Amro Holding NV's LaSalle Bank was rejected by the Dutch bank. In a separate release, Amsterdam-based ABN Amro has said that the group's $24.5 billion bid for...
The Airline Partners Australia (APA) consortium bidding for Australia's Qantas Airways Ltd. has announced that it has received last-minute backing from a large US investor and that it would appeal to the regulators to keep its A$11 billion or US $9...
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