In the middle of growing concern and disenchantment among investors that private-equity firms are buying public companies on relatively cheap prices in order to sell them off later at a heavy profit, two of the biggest buyout players have skilled out...
Tag - Merger & Acquisition
The Royal Bank of Scotland has announced that it and its partners; Santander of Spain and Fortis of Belgium, believe they could pay around 13 per cent more for ABN than what Barclays is offering. The consortium led by RBS has offered 72.2 billion...
A private equity firm and an Italian billionaire have finally clinched the takeover battle for Britain's largest drugstore chain, Alliance Boots, marking Europe's biggest private equity buyout. The equity firm, Kohlberg Kravis Roberts & Company,...
British Airways has disclosed that it was involved in negotiations with several private equity investors about launching a joint takeover bid for Spanish airline Iberia, inflating the chances of a bidding war for the Spanish flag carrier. However, BA...
New York financier and billionaire investor Carl Icahn has decided to sell the Stratosphere and three other southern Nevada casinos to an associate of the Goldman Sachs investment firm for $1.3 billion, pushing Wall Street further into the gambling...
Motorola Inc. has disclosed that it has concluded a definitive merger agreement to buy all the outstanding common stock of video processing solutions provider Terayon Communication Systems Inc. at a total equity worth of approximately $140 million...
Representatives of billionaire investor Kirk Kerkorian's Tracinda Corp., which has proposed a $4.5 billion for acquiring DaimlerChrysler AG's Chrysler Group, met with United Auto Workers members who have independently proposed an...
British bank Barclays and Dutch rival ABN AMRO has finally announced that Barclays has concluded ABN acquisition deal worth just over 67 billion euros or $91.2 billion. The takeover has marked the biggest bank takeover till date. The offer...
Macquarie Bank Ltd. and its buyout partners have categorically made it clear that they will not extend the $9.3 billion cash offer for Qantas Airways Ltd. as they endeavor to conclude their six- month campaign for Australia's biggest airline....
Bank of America Corp. has reportedly given approval to acquire ABN Amro Holding NV's LaSalle unit for about $21 billion. The acquisition will make it the largest bank in Chicago and plugging one of the few remaining gaps in the nation's most...
In an interesting development and intensifying bid battle Guy Hands's Terra Firma Capital Partners Ltd. has decided to raise its bid for Alliance Boots Plc, the UK's largest drugstore chain, to about 10.9 billion pounds or $21.8 billion to topple...
General Motors Corp., the world's largest automaker, has expressed confidence that an agreement for Delphi Corp., its largest parts supplier, to exit bankruptcy is still possible even as a prospective investor will pull out of the deal. GM is...
In its second takeover in North America in three days, India's Essar Steel has announced that it will acquire Minnesota Steel, a US company with considerable iron ore reserves to boost its plan to build an advanced 'mine mouth' steel plant in...
United Auto Workers union President Ron Gettelfinger has expressed that he wants to keep Chrysler with Daimler, and he plans to take his case to the German company's supervisory board, which is also believed to be in favor of keeping Chrysler....
Clear Channel Communications Inc. has announced that it has accepted a higher buyout offer from Thomas H. Lee and Bain Capital, although some experts have extended that the sweetened offer still fell short of investor demands. The buyout companies...
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