Tag - Merger & Acquisition
Australia-based mining company BHP Billiton Ltd. is considering making a rival offer for takeover target Canadian aluminum producer Alcan Inc. The firm has also appointed investment bank Merrill Lynch to explore the possibility of making an offer....
The battle for control of Dutch bank ABN Amro further intensified amid claims and counter-claims by the two major suitors that they represent the best value for the acquisition respectively. Bob Diamond, president of Barclays, has raised the stakes...
The New York Mercantile Exchange, the world's largest energy market, is reportedly exploring a sale for about $14.3 billion. Nymex was reported to be holding informal acquisition negotiations with three exchanges, including the CME, and the...
Pearson, the publisher of The Financial Times, is exploring a rival takeover offer for Dow Jones & Company. Pearson has reportedly discussed a joint offer with General Electric and the Hearst Corporation for Dow Jones, suggest reports. However,...
Sprint Nextel has announced on Wednesday that it is planning to take over affiliate Northern PCS Services in a deal worth $312.5 million, marking the seventh such acquisition for the wireless company in the last two years. From the time when...
The Intercontinental Exchange Inc. has stepped up its efforts on Wednesday to block the merger of the Chicago Mercantile Exchange and the Chicago Board of Trade, taking move to set off a proxy fight if the CBOT continues planning to merge with the...
The US Department of Justice on Monday gave the regulatory approval for the two largest American futures exchanges to merge. The department’s antitrust officials were investigating the proposed merger of Chicago Mercantile Exchange Holdings Inc....
US hedge fund Atticus Capital has recommended the UK based bank, Barclays, to abandon its 65 billion-euro or $87 billion offer for Dutch bank ABN AMRO after buying a significant stake in the British bank. Atticus in written letter to Marcus Agius,...
Morgan Stanley, the biggest real estate investor among Wall Street banks, announced that it has agreed to acquire Richard Rainwater's Crescent Real Estate Equities Co. for $2.78 billion. The offered price $22.80 per share is representing 5.5...
Clear Channel Communications Inc.'s directors have approved a revised $19.5 billion take over bid from two private equity firms after two big shareholders suggested support for the offer. The offer from Thomas H. Lee Partners LP and Bain Capital...
Mylan's chief executive Robert Coury has clarified and assured shareholders that the company has not overpaid for the acquisition of Merck. He further added, 'in this case, by paying for a fairly high quality one-time pristine asset, I am able to...
Clear Channel Communications, the largest US radio broadcaster, said last night that its board has rejected a revised offer by two equity firms that had agreed to buy the company, saying it wasn't enough to win over shareholders poised to defeat a...
A Dutch court asked ABN AMRO in its verdict on Thursday to freeze its $21 billion sale of US unit LaSalle Bank. The ruling has dealt a severe blow to its agreed takeover by Barclays Plc and making it easier for a rival group of suitors to bid for...
State controlled Norwegian oil firm Statoil has disclosed that it has agreed to make an all-cash offer to acquire Calgary-based North American Oil Sands Corporation, or NAOSC, for around 2.2 billion Canadian dollars or $1.96 billion, representing...
ABN Amro's management faced attacks on two fronts at the same time as a Royal Bank of Scotland-led consortium sought to mount up the pressure on the Dutch bank ABN Amro yesterday by formally notifying it of a possible hostile bid in a week's time....
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