NEWS
July 2009
31 Jul 2009
(Reuters) A blank-check company controlled by hedge fund manager Warren Lichtenstein will acquire Frontier Financial Corp (FTBK.O: Quote, Profile, Research, Stock Buzz), a troubled Washington state bank with $4 billion in assets.
31 Jul 2009
(Reuters) British coffee retailer Coffee Republic said on Thursday its operating business had been bought out of administration by Arab Investment Ltd, a property firm best known for plans to build a London skyscraper…
30 Jul 2009
(Reuters) French drugmaker Sanofi-Aventis SA expanded its animal health business by buying the other half of Merial from its U.S. partner Merck & Co Inc for $4 billion in cash while opening the door for a bigger partnership…
30 Jul 2009
BASF is to delist its American Depositary Shares (ADS) from the New York Stock Exchange (NYSE) partly to cut costs…
30 Jul 2009
Cablevision Systems Corp plans to spin off its Madison Square Garden (MSG) unit by the end of the year, hoping to get a better valuation from Wall Street for assets including the…
29 Jul 2009
(Reuters) American Express Co (AXP.N) paid the U.S. Treasury Department $340 million on Wednesday to redeem warrants to buy its stock, allowing it to fully escape the government's bank bailout program…
29 Jul 2009
(Reuters) American Airlines expects to win U.S. approval by October to form an alliance with British Airways and Spain's Iberia, and it is pinning its hopes on intra-alliance competition and global partnerships to help it survive…
29 Jul 2009
(Reuters) Pipeline partnership Targa Resources Partners LP said it agreed to buy the natural gas liquids business of parent company Targa Resources Inc for $530 million in cash and stock…
29 Jul 2009
A heads up for real estate professionals: H.R. 2454, the cap and trade legislation approved by the U.S. House of Representatives on June 26, if passed into law, would…
28 Jul 2009
Buyout firms are eyeing minority stakes in publicly listed companies as sparse credit conditions prompt them to look for deals requiring no leverage -- although they still want private-equity style returns...
28 Jul 2009
(Reuters) Sprint Nextel Corp said on Tuesday it would buy out Virgin Mobile USA Inc in a deal that values the small wireless carrier at $483 million and pushes Sprint…
28 Jul 2009
(Reuters) Bayview Mortgage Capital Inc, a newly formed company with links to Blackstone Group, on Monday filed to raise up to $500 million in an initial public offering...
28 Jul 2009
(Reuters) Raptor Pharmaceuticals Corp and Torrey Pines Therapeutics entered into an agreement and plan of merger by which Raptor Pharmaceuticals Corp shareholders will own a 95 percent share in Torrey Pines Therapeutics…
27 Jul 2009
(Reuters) Sweden's Ericsson has won an auction for the wireless assets of bankrupt Nortel Networks Corp, paying $1.13 billion for the crown jewels of the one-time Canadian telecom star…
27 Jul 2009
(Reuters) Drugmaker Merck & Co Inc announced a proposed settlement on Friday to resolve litigation challenging its planned merger with Schering-Plough Corp….
27 Jul 2009
(Reuters) Citigroup Inc said on Sunday some 99 percent of its stock was tendered in an exchange offer for publicly held securities, in a key step toward giving the U.S. government a 34 percent equity stake in the bank…
27 Jul 2009
(Reuters) Agilent Technologies Inc. said on Monday it agreed to buy Varian Inc in a $1.5 billion deal designed to bolster the company's bioanalytical measurement business.
27 Jul 2009
Shanghai Industrial said late on Monday it would sell its stakes in Bright Dairy and SMIC for a total of HK$2.86 billion (US$369 million) to allow it to…
24 Jul 2009
(Reuters) Amazon.com will pay about $928 million for booming online shoe retailer Zappos.com, expanding aggressively into the apparel arena with a well-known name after trying unsuccessfully to go it alone...
24 Jul 2009
(Reuters) Bankrate Inc., which operates Bankrate.com and other personal finance websites, said on Wednesday it agreed to a $571 million buyout by private equity firm Apax Partners…
24 Jul 2009
(Reuters) Money managers would be restricted from making political contributions in hopes of winning business from pension funds, under rules proposed by…
24 Jul 2009
(Reuters) Sony Corp will likely invest more than 100 billion yen ($1.1 billion) in a planned liquid crystal display TV panel venture with Sharp Corp, the Nikkei business daily reported on Friday...
24 Jul 2009
(Reuters) In a regulatory filing following Sony Pictures' recently struck deal with Redbox, the DVD kiosk company's owner, Coinstar, said Tuesday that the studio will reap $460 million under terms of its multiyear pact…
23 Jul 2009
Exploration and development company Aura Minerals Inc said it would raise C$100.1 million ($89 million) in a bought-deal financing to fund the acquisition of three…
15 Jul 2009
Inland Real Estate Corp said it acquired four office buildings of Bank of America Corp in sale-leaseback transactions for $152.6 million. Inland Real Estate, which did the deal through its joint venture wth…
13 Jul 2009
Clive Cowdery is known as the man who makes the normally staid and impenetrable world of British life insurance look adventurous...
12 Jul 2009
The House of Lords, Britain's highest court, is this week hearing a lawsuit over the failure of a structured investment vehicle (SIV) in the credit crisis, which could have implications for…
2 Jul 2009
Shares of NRG Energy Inc rose 3.6 percent to $27 in premarket trading on Thursday, after Exelon raised its hostile takeover bid for the company to $7.4 billion…