Merger-acquisition - Latest Popular Stories, Instablogs Community

BHP considers rival offer for Alcan, appoints Merrill Lynch to advice on takeover

Balendu — Tue, 19 Jun 2007 08:30:43 +0000

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...

ABN takeover battle intensifies, Barclays challenges RBSand#8217; claims

Balendu — Tue, 19 Jun 2007 06:23:01 +0000

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...

Nymex explores sale to larger exchange, holding talks with potential suitors

Balendu — Sat, 16 Jun 2007 09:58:22 +0000

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...

Financial Times parent seeking partners for Dow Jones: Report

Balendu — Sat, 16 Jun 2007 05:37:31 +0000

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....

Sprint to acquire affiliate Northern PCS for $312.5 million

Balendu — Thu, 14 Jun 2007 09:21:45 +0000

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...

ICE launches proxy battle for CBOT, sweetens its merger proposal

Balendu — Thu, 14 Jun 2007 08:09:25 +0000

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...

CME-CBOT merger deal gets US antitrust approval

Balendu — Tue, 12 Jun 2007 09:52:27 +0000

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...

Atticus Capital urges Barclays to shelve its ABN bid

Balendu — Mon, 11 Jun 2007 10:12:37 +0000

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...

Morgan Stanley to acquire Crescent real estate trust

Balendu — Wed, 23 May 2007 17:00:02 +0000

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...

Clear Channel approves increased $19.5 billion buyout offer

Balendu — Sat, 19 May 2007 07:34:49 +0000

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...