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| 11/17/2009 |
World Stocks Pull Back
...Deal Monday On Wall Street Xerox buys Affiliated Computer Services in a $6.4 billion cash and stock deal Reality Kicks In For Global Markets... |
Retail Mania: Black Friday
...Deal Monday On Wall Street Xerox buys Affiliated Computer Services in a $6.4 billion cash and stock deal Reality Kicks In For Global Markets... |
Dell, Intel Pressure Tech
...Deal Monday On Wall Street Xerox buys Affiliated Computer Services in a $6.4 billion cash and stock deal Reality Kicks In For Global Markets... |
Dell Tumbles As Profit Falls
...Deal Monday On Wall Street Xerox buys Affiliated Computer Services in a $6.4 billion cash and stock deal Reality Kicks In For Global Markets... |
Stocks Struggle
...Deal Monday On Wall Street Xerox buys Affiliated Computer Services in a $6.4 billion cash and stock deal Reality Kicks In For Global Markets... |
Dell Tumbles As Profit Falls
...Deal Monday On Wall Street Xerox buys Affiliated Computer Services in a $6.4 billion cash and stock deal Reality Kicks In For Global Markets... |
Hershey Craves Cadbury
...Deal Monday On Wall Street Xerox buys Affiliated Computer Services in a $6.4 billion cash and stock deal Reality Kicks In For Global Markets... |
Stocks Struggle
...Deal Monday On Wall Street Xerox buys Affiliated Computer Services in a $6.4 billion cash and stock deal Reality Kicks In For Global Markets... |
Investors Eye Retail
...Deal Monday On Wall Street Xerox buys Affiliated Computer Services in a $6.4 billion cash and stock deal Reality Kicks In For Global Markets... |
Autodesk Disappoints
...Deal Monday On Wall Street Xerox buys Affiliated Computer Services in a $6.4 billion cash and stock deal Reality Kicks In For Global Markets... |
World Stocks Lag
...Deal Monday On Wall Street Xerox buys Affiliated Computer Services in a $6.4 billion cash and stock deal Reality Kicks In For Global Markets... |
BIllionaire's Citigroup Stake
...Deal Monday On Wall Street Xerox buys Affiliated Computer Services in a $6.4 billion cash and stock deal Reality Kicks In For Global Markets... |
Street Eyes Retail And Dollar
...Deal Monday On Wall Street Xerox buys Affiliated Computer Services in a $6.4 billion cash and stock deal Reality Kicks In For Global Markets... |
BIllionaire's Citigroup Stake
...Deal Monday On Wall Street Xerox buys Affiliated Computer Services in a $6.4 billion cash and stock deal Reality Kicks In For Global Markets... |
Nordstrom's Optimistic Forecast
...Deal Monday On Wall Street Xerox buys Affiliated Computer Services in a $6.4 billion cash and stock deal Reality Kicks In For Global Markets... |
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| 09/25/2009 |
ANZ buys ING's stake in joint ventures for $1.5B
...The Associated Press SYDNEY -- ANZ Bank said Friday it will buy Dutch-based ING Groep NV's stake in their Australian and New Zealand life insurance and wealth management joint ventures for 1.76 billion Australian dollars ($1.53 billion). Shares in Australia & New Zealand Banking Group Ltd., one of Australia's largest banks, gained more than 2 percent to a 16-month high on Friday on news that it had bought out ING's 51 percent stake in the joint ventures established in 2002.... |
ANZ buys ING's stake in joint ventures for $1.5B
...ANZ buys ING's stake in joint ventures for $1.5B ANZ Bank said Friday it will buy Dutch-based ING Groep NV's stake in their Australian and New Zealand life insurance and wealth management joint ventures for 1.76 billion Australian dollars ($1.53 billion). Shares in Australia & New Zealand Banking Group Ltd., one of Australia's largest banks, gained more than 2 percent to a 16-month high on Friday on news that it had bought out ING's 51 percent stake in the joint ventures established in 2002.... |
ANZ buys ING's stake in joint ventures for $1.5B
...ANZ buys ING's stake in joint ventures for $1.5B ANZ Bank said Friday it will buy Dutch-based ING Groep NV's stake in their Australian and New Zealand life insurance and wealth management joint ventures for 1.76 billion Australian dollars ($1.53 billion). Shares in Australia & New Zealand Banking Group Ltd., one of Australia's largest banks, gained more than 2 percent to a 16-month high on Friday on news that it had bought out ING's 51 percent stake in the joint ventures established in 2002.... |
ANZ buys ING's stake in joint ventures for $1.5B (AP)
...ANZ buys ING's stake in joint ventures for $1.5B SYDNEY - ANZ Bank said Friday it will buy Dutch-based ING Groep NV's stake in their Australian and New Zealand life insurance and wealth management joint ventures for 1.76 billion Australian dollars ($1.53 billion). Shares in Australia & New Zealand Banking Group Ltd., one of Australia's largest banks, gained more than 2 percent to a 16-month high on Friday on news that it had bought out ING's 51 percent stake in the joint ventures established in 2002.... |
ANZ buys ING's stake in joint ventures for $1.5B
...ANZ buys ING's stake in joint ventures for $1.5B SYDNEY - ANZ Bank said Friday it will buy Dutch-based ING Groep NV's stake in their Australian and New Zealand life insurance and wealth management joint ventures for 1.76 billion Australian dollars ($1.53 billion). Shares in Australia & New Zealand Banking Group Ltd., one of Australia's largest banks, gained more than 2 percent to a 16-month high on Friday on news that it had bought out ING's 51 percent stake in the joint ventures established in 2002.... |
ANZ buys ING's stake in joint ventures for $1.5B
...ANZ buys ING's stake in joint ventures for $1.5B ANZ Bank said Friday it will buy Dutch-based ING Groep NV's stake in their Australian and New Zealand life insurance and wealth management joint ventures for 1.76 billion Australian dollars ($1.53 billion). Shares in Australia & New Zealand Banking Group Ltd., one of Australia's largest banks, gained more than 2 percent to a 16-month high on Friday on news that it had bought out ING's 51 percent stake in the joint ventures established in 2002.... |
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| 11/11/2009 |
HP to buy 3Com for 2.7 billion US dollars
...HP to buy 3Com for 2.7 billion US dollars US computer giant Hewlett-Packard announced on Wednesday that it has agreed to buy networking company 3Com for 2.7 billion US dollars. The California-based computer colossus said the 3Com purchase advances a strategy to offer businesses datacenter packages that combine servers, storage, networking, management and services.... |
HewlettPackard to buy 3Com in 2.7bn deal
...HewlettPackard to buy 3Com in 2.7bn deal Hewlett-Packard to buy 3Com in $2.7bn deal Hewlett-Packard is to buy network maker 3Com in a $2.7bn (GBP1.7bn) deal that will significantly strengthen the global technology giant's position in China.... |
HP to buy 3Com for 2.7 billion US dollars
...HP to buy 3Com for 2.7 billion US dollars US computer giant Hewlett-Packard announced on Wednesday that it has agreed to buy networking company 3Com for 2.7 billion US dollars. The California-based computer colossus said the 3Com purchase advances a strategy to offer businesses datacenter packages that combine servers, storage, networking, management and services.... |
HP to buy 3Com for 2.7 billion dollars (AFP)
...US computer giant Hewlett-Packard announced on Wednesday that … SAN FRANCISCO (AFP) - US computer giant Hewlett-Packard announced on Wednesday that it has agreed to buy networking company 3Com for 2.7 billion dollars. The California-based computer colossus said the 3Com purchase advances a strategy to offer businesses datacenter packages that combine servers, storage, networking, management and services.... |
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| 04/20/2009 |
Chinese dairy launches new milk powder products
...The milk was blamed for the deaths of six babies and urinary problems in nearly 300,000 others last year. Beijing-based milk company Sanyuan Group bought Sanlu's core assets at an auction in early March for 616.5 million yuan ($90 million). Sanyuan's products were found to be safe, and the company has said it would use its unscathed reputation to improve its position in the market.... |
Chinese dairy launches new milk powder products
...The milk was blamed for the deaths of six babies and urinary problems in nearly 300,000 others last year. Beijing-based milk company Sanyuan Group bought Sanlu's core assets at an auction in early March for 616.5 million yuan ($90 million). Sanyuan's products were found to be safe, and the company has said it would use its unscathed reputation to improve its position in the market.... |
Chinese dairy launches new milk powder products
...The milk was blamed for the deaths of six babies and urinary problems in nearly 300,000 others last year. Beijing-based milk company Sanyuan Group bought Sanlu's core assets at an auction in early March for 616.5 million yuan ($90 million). Sanyuan's products were found to be safe, and the company has said it would use its unscathed reputation to improve its position in the market.... |
Chinese dairy launches new milk powder products
...The milk was blamed for the deaths of six babies and urinary problems in nearly 300,000 others last year. Beijing-based milk company Sanyuan Group bought Sanlu's core assets at an auction in early March for 616.5 million yuan ($90 million). Sanyuan's products were found to be safe, and the company has said it would use its unscathed reputation to improve its position in the market.... |
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| 09/28/2009 |
Abbott to pay up to $7 billion for Solvay unit
...Deal gives Abbott control over cholesterol drug franchise BOSTON (MarketWatch) -- Abbott Laboratories said early Monday that it has agreed to buy Belgium conglomerate Solvay SA's pharmaceutical unit for 4.5 billion euros, or about $6.6 billion in cash, in a deal that will give Abbott complete control over its lucrative TriCor cholesterol drug franchise. Abbott /quotes/comstock/13*!abt/quotes/nls/abt (ABT 48.75, +1.42, +2.99%) said it will pay 4.5 billion euros in cash for the business, and up to another 300 million euros over the next few years if certain sales milestones are achieved, bringing the total potential cost of the deal up to around $7 billion.... |
Active day in M&A a boon to advisers
...See full story. Abbott Laboratories said early Monday that it has agreed to buy Belgium conglomerate Solvay SA's pharmaceutical unit for 4.5 billion euros, or about $6.6 billion in cash, in a deal that will give Abbott complete control over the lucrative TriCor cholesterol-drug franchise. See full story.... |
Active day in M&A a boon to advisers
...See full story. Abbott Laboratories said early Monday that it has agreed to buy Belgium conglomerate Solvay SA's pharmaceutical unit for 4.5 billion euros, or about $6.6 billion in cash, in a deal that will give Abbott complete control over the lucrative TriCor cholesterol-drug franchise. See full story.... |
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| 11/13/2009 |
Cott closes sale of $215 million in notes
...The notes have not been registered so they can't be sold to most U.S. investors. On the tender offer for the 2011 notes, Cott said it bought back 95.35 percent of them with an aggregate principal amount of $236.7 million. The senior notes carried 8 percent interest.... |
Cott closes sale of $215 million in notes
...The notes have not been registered so they can't be sold to most U.S. investors. On the tender offer for the 2011 notes, Cott said it bought back 95.35 percent of them with an aggregate principal amount of $236.7 million. The senior notes carried 8 percent interest.... |
Cott closes sale of $215 million in notes
...The notes have not been registered so they can't be sold to most U.S. investors. On the tender offer for the 2011 notes, Cott said it bought back 95.35 percent of them with an aggregate principal amount of $236.7 million. The senior notes carried 8 percent interest.... |
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| 11/20/2009 |
Volkswagen, Porsche move closer to merger
...VW said it expects to pay around 3.9 billion euro ($5.9 billion) for the stake. Volkswagen has said it will then in turn buy Porsche SE, the holding company for Porsche AG, for about 3.55 billion euro starting in 2011. Porsche said in its statement that it could close some negotiations with its lenders now that the agreements had been approved.... |
Volkswagen closer to Porsche merger
...VW said it expects to pay around euro 3.9 billion ($5.9 billion) for the stake. Volkswagen has said it will then in turn buy Porsche SE, the holding company for Porsche AG, for about euro 3.55 billion starting in 2011. Shares of Volkswagen were 1.5 per cent higher at euro97, while Porsche Automobile Holding shares were 2.2 per cent lower at euro 51.73 in Frankfurt morning trading.... |
VW takes first 49.9% stake in Porsche
...In August, Volkswagen approved absorbing Porsche into VW by the end of 2011. Volkswagen has said it will then in turn buy Porsche SE, the holding company for Porsche AG, for 3.55 billion euros ($A5.72 billion) starting in 2011.... |
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| 09/06/2009 |
Abu Dhabi to buy Singapore chipmaker for $1.8 bln
...Monday, September 7, 2009 - Added 0m ago SINGAPORE - Abu Dhabi's government-owned Advanced Technology Investment Co. said Monday it agreed to buy Singapore's Chartered Semiconductor Manufacturing Ltd. for 2.5 billion Singapore dollars ($1.8 billion) in cash. Chartered, which makes chips for Microsoft Corp.'s Xbox 360 game console, will be combined with Globalfoundries, which ATIC started last year with Advanced Micro Devices Inc.... |
Abu Dhabi to buy Singapore chipmaker for $1.8 bln
...Monday, September 7, 2009 - Added 0m ago SINGAPORE - Abu Dhabi's government-owned Advanced Technology Investment Co. said Monday it agreed to buy Singapore's Chartered Semiconductor Manufacturing Ltd. for 2.5 billion Singapore dollars ($1.8 billion) in cash. Chartered, which makes chips for Microsoft Corp.'s Xbox 360 game console, will be combined with Globalfoundries, which ATIC started last year with Advanced Micro Devices Inc.... |
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| 04/07/2009 |
Gazprom, Eni in $4bn buyout deal
...MOSCOW: Russia's Gazprom on Tuesday signed a deal worth over four billion dollars to buy out the 20 per cent stake owned by Italy's Eni in its oil unit Gazprom Neft, in line with the Kremlin's aim to keep key assets in state hands. The stake was among a clutch of assets in stricken oil company Yukos bought in April 2007 by Enineftegaz, a company jointly owned by Eni and Italy's power company Enel for 5.81 billion dollars (4.35 billion euros). The deal was inked as Russian President Dmitry Medvedev and Prime Minister Vladimir Putin praised Russia's privileged ties with Italy.... |
Gazprom, Eni in 4-bln-dlr buy-out deal
...MOSCOW (AFP) - Russia's Gazprom Tuesday signed a deal worth over four billion dollars to buy out the 20 percent stake owned by Italy's Eni in its oil unit Gazprom Neft, in line with the Kremlin's aim to keep key assets in state hands. The stake was among a clutch of assets in stricken oil company Yukos bought in April 2007 by Enineftegaz, a company jointly owned by Eni and Italy's power company Enel for 5.81 billion dollars (4.35 billion euros). The deal was inked as Russian President Dmitry Medvedev and Prime Minister Vladimir Putin praised Russia's privileged ties with Italy.... |
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| 11/16/2009 |
Sciele to buy Addrenex Pharmaceuticals
...Monday, November 16, 2009, 11:37am EST Sciele Pharma Inc. will buy Addrenex Pharmaceuticals Inc., which develops drugs that regulate the adrenergic system, in a $29 million cash deal. Atlanta-based Sciele said the purchase of Addrenex gives it two mid-stage development products and access to a large library of compounds in numerous therapeutic areas, including pain management, cardiovascular and dermatology.... |
Sciele to buy Addrenex Pharmaceuticals
...Monday, November 16, 2009, 11:37am EST Sciele Pharma Inc. will buy Addrenex Pharmaceuticals Inc., which develops drugs that regulate the adrenergic system, in a $29 million cash deal. Atlanta-based Sciele said the purchase of Addrenex gives it two mid-stage development products and access to a large library of compounds in numerous therapeutic areas, including pain management, cardiovascular and dermatology.... |
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| 09/25/2009 |
ANZ buys ING's stake in joint ventures for $1.5B
...ANZ buys ING's stake in joint ventures for $1.5B SYDNEY ANZ Bank said Friday it will buy Dutch-based ING Groep NV's stake in their Australian and New Zealand life insurance and wealth management joint ventures for 1.76 billion Australian dollars ($1.53 billion). Shares in Australia & New Zealand Banking Group Ltd., one of Australia's largest banks, gained more than 2 percent to a 16-month high on Friday on news that it had bought out ING's 51 percent stake in the joint ventures established in 2002.... |
ANZ buys ING's stake in joint ventures for $1.5B
...ANZ buys ING's stake in joint ventures for $1.5B SYDNEY ANZ Bank said Friday it will buy Dutch-based ING Groep NV's stake in their Australian and New Zealand life insurance and wealth management joint ventures for 1.76 billion Australian dollars ($1.53 billion). Shares in Australia & New Zealand Banking Group Ltd., one of Australia's largest banks, gained more than 2 percent to a 16-month high on Friday on news that it had bought out ING's 51 percent stake in the joint ventures established in 2002. ... |
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| 12/09/2008 |
Vodafone offers to buy Sweden's Wayfinder
...Vodafone offers to buy Sweden's Wayfinder LONDON - Vodafone Group PLC, the world's biggest mobile phone provider by sales, said Tuesday it has offered to buy Swedish wireless navigation device company Wayfinder Systems for 239 million Swedish kronor ($29 million) in cash. Vodafone's offer of 12 kronor per share represents a 253 percent premium to Monday's closing share price of 3.4 kronor.... |
Vodafone offers to buy Sweden's Wayfinder
...Vodafone offers to buy Sweden's Wayfinder Vodafone Group PLC, the world's biggest mobile phone provider by sales, said Tuesday it has offered to buy Swedish wireless navigation device company Wayfinder Systems for 239 million Swedish kronor ($29 million) in cash. Vodafone's offer of 12 kronor per share represents a 253 percent premium to Monday's closing share price of 3.4 kronor.... |
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| 08/07/2009 |
WebTech to buy Grey Island for 35 mn
...WebTech Wireless to buy Grey Island for $35.28 mn Canada's WebTech Wireless Inc said it agreed to buy Grey Island Systems International Inc for about C$38 million ($35.28 million) in an all stock deal, to diversify its customer base and increase its scale and market presence. Under the terms, each Grey Island share will be exchanged for 0.30 of a WebTech Wireless share.... |
WebTech to buy Grey Island for 35 mn
...This site is best viewed with Internet Explorer 6.0 or higher; Firefox 2.0 or higher at a minimum screen resolution of 1024x768 Canada's WebTech Wireless Inc said it agreed to buy Grey Island Systems International Inc for about C$38 million ($35.28 million) in an all stock deal, to diversify its customer base and increase its scale and market presence.... |
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| 07/10/2009 |
Market Report: Punch strengthens after positive meeting
...The broker said that at current prices, it continued to favour British Land, which gained 1.5p to 363.5p, but remained cautious on FTSE 250-listed Great Portland Estates, which was 1.5p firmer at 211.5p. Weaker oil prices bore on the likes of BG, down 1.5 per cent or 15p at 979.5p despite a RBS "buy" note, and Royal Dutch Shell, down 1 per cent or 15p at 1437p. BP, which was the focus of some positive comment from Cazenove, eased to 461.5p, down 3.75p.... |
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| 08/11/2009 |
Adecco swings to quarterly net loss
...Adecco said that it doesn't anticipate a material pick-up of business activities and has initiated further restructuring measures although it did note that revenue decline rates appeared to have stabilised over the quarter and into July. Adecco also said that it has made an offer to buy staffing firm Spring Group for 62 pence in cash, or 108 million pounds in order to strengthen its position in the U.K. (Corrects currency for 2009 second-quarter net loss.)... |
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| 06/03/2009 |
World Business Quick Take
...That was the same forecast as a month ago. Amlin PLC, the biggest insurer in the Lloyds of London market, will buy Fortis Corporate Insurance NV for 350 million euros (US$500 million) in its largest acquisition to expand in Europe. The purchase of the Fortis unit, a provider of corporate property and casualty insurance in the Netherlands and Belgium, will lift Amlin's earnings this year, the London-based company said in a statement yesterday.... |
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| 10/06/2009 |
Bilfinger Berger shares up on Austrian deal
...The German construction company will issue new shares to finance deal FRANKFURT (MarketWatch) -- Germany's Bilfinger Berger AG said Tuesday it will buy MCE AG, an Austrian industrial services group, for 350 million euros ($515 million) and finance the acquisition through a capital increase. The Mannheim-based construction and services company said the deal strengthens its position as a provider of industrial and power services.... |
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| 12/11/2008 |
Belgium may cede BNP stake to Fortis in future
...AEK analyst Carlo Ponfoort said that while the BNP Paribas stake would add about 5 billion euros to the group, such a move would be unlikely because Fortis does not have the cash to buy the stake. BNP Paribas agreed in October to buy Fortis assets in Belgium and Luxembourg for 14.5 billion euros ($18.75 billion) in a share swap with the Belgian and Luxembourg governments after investors and clients lost faith in Fortis. Under the agreement, Belgium retained a 25 percent blocking stake in Fortis Bank Belgium and received an 11.6 percent interest in BNP Paribas.... |
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| 09/21/2009 |
Wall St ends weaker as rally pauses
...Computer giant Dell was among the losers, falling 4.20 percent to 15.98 dollars after announcing it had acquired computer services firm Perot Systems for 3.9 billion dollars. Dell plans to buy Perot for 30 dollars per share, nearly 70 percent higher than Perot's Friday closing price of 17.91 dollars. Perot's share price rocketed 65.05 percent to 29.56 dollars.... |
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| 09/02/2009 |
Everything Geeky: The Pros And Cons Of The Marvel-Disney Deal
...It was only a few weeks ago that we celebrated Marvel's birthday, and just the other day a huge news story caused whiplashes for comic book fans everywhere. Disney bought Marvel Entertainment Inc for around $4 billion dollars. It has caused uproars and a whole bunch of hilarious photographs showing famous Marvel comic characters dressed up like Mickey Mouse or as a Disney Princess.... |
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| 12/04/2008 |
Enel denies bid for Acciona's Endesa stake
...Endesa declined to comment. Enel and Acciona bought 92 percent of Endesa in 2007 for 42.5 billion euros after a marathon takeover battle that fended off a rival approach from Germany's E.ON DE>.... |
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| 11/11/2009 |
Nikkei up as exporters, techs gain
...Shares of convenience store FamilyMart Co opened up 2.4 per cent after a source said Japan's third-largest convenience store operator is in talks to buy smaller rival am/pm Japan Co. The Nikkei business daily had reported earlier that FamilyMart and its top shareholder Itochu Corp would likely buy am/pm from its parent Rex Holdings Co for 10 billion yen ($110 million). The benchmark Nikkei gained 52.18 points to 9,923.86, while the broader Topix rose 0.5 per cent to 876.35.... |
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| 11/03/2008 |
Fujitsu to buy Siemens stake in PC joint venture
...Fujitsu to buy Siemens stake in PC joint venture Japanese electronics conglomerate Fujitsu Ltd will buy Siemens AG's 50 percent stake in their PC joint venture for 450 million euros ($567 million), aiming to boost its presence in Europe. Fujitsu said in a statement that the acquisition would help it expand global sales of information technology products and related services.... |
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| 04/17/2008 |
Candover, Goldman to buy Expro for $3.16 billion
...Candover, Goldman to buy Expro for $3.16 billion LONDON (Reuters) - Funds managed by private equity firm Candover (CDI.L) and investment bank Goldman Sachs (GS.N) have agreed to buy British oil services company Expro International (EXR.L) for 1.605 billion pounds ($3.16 billion). Expro management said in a statement on Thursday it would recommend the 1,435 pence per share bid from the funds' bidding vehicle Umbrellastream, which also includes Dutch private equity house Alpinvest, to shareholders.... |
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| 06/11/2007 |
IBM offers $745 million for Telelogic
...IBM offers $745 million for buy software developer Telelogic. IBM Corp. has offered to buy Telelogic AB, a Swedish developer of software development tools, in a cash deal valued at 5.2 billion Swedish krona, or about US$745 million, the companies announced Monday. IBM plans to make Telelogic a part of its Rational tools division, the companies said.... |
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| 12/10/2007 |
Lafarge Buying Egypt's Orascom Cement
...The deal should be completed by the end of March, pending approval of competition authorities, the company said. Consolidation in the industry began in 2001 when Lafarge bought Britain's Blue Circle Industries PLC for 4.5 billion pounds ($9.1 billion). That was followed by Cemex buying RMC Group PLC for 3 billion pounds ($6.1 billion) in 2004 and Switzerland's Holcim taking over Aggregate Industries PLC for 2.2 billion pounds ($4.5 billion) in 2005.... |
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| 02/24/2009 |
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| 06/24/2009 |
Cost-savings boost for Smiths
...HOPES for more cost-savings and healthy aftermarket sales in its John Crane oil and gas seals business gave engineer Smiths Group a near-4 per cent boost yesterday. Morgan Stanley told clients to buy the stock, up 26p to 705p, the second big broker this week following Deutsche Bank to talk up Smiths prospects following a fall of 20 per cent in its market value this year. The market is overlooking the resilience of Smiths portfolio and its self-help potential , argued Morgan Stanley.... |
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| 10/17/2009 |
Intermix Media
...Rosenblatt negotiated the sale of Myspace for $580m to Rupert Murdoch's News Corp. and consulted for Fox for six months before founding Demand Media. On July 20, 2005, News Corp. bought Intermix Media Inc., which held MySpace.com and other popular social networking-themed websites for $580 million USD. In May 2006, Rosenblatt founded Demand Media.... |
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| 06/16/2009 |
MySpace to slash 30 pct of US staff (AFP)
...MySpace remains a "very successful" enterprise, but "needed to be more focused" in terms of keeping staffing in line with revenues, according to Bernoff. MySpace, which launched in 2003, was bought by Murdoch's News Corp. in 2005 for 580 million dollars. Van Natta, who left Facebook in February 2008 for Project Playlist, an online music site, helped negotiate Facebook's 240-million-dollar investment from Microsoft.... |
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| 11/04/2009 |
WTVJ
...As of May 2008 ratings period, WTVJ ranked 6th overall in total-day Nielsen ratings and WPLG rated number one which allowed the possibility of a purchase. A TV Newsday published report indicates that in a July 25 FCC filing, Post-Newsweek bought WTVJ for $205 million dollars. Industry experts had estimated the station would bring in up to $350 million.... |
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| 11/01/2009 |
Lenovo
...Lenovo markets its products directly to consumers, small to medium size businesses, and large enterprises, as well as through online sales, company-owned stores (in China only), chain retailers, and major technology distributors and vendors. On September 4, 2009, Oceanwide Holdings Group, a private investment firm based in Beijing, bought 29% of Legend Holdings, the parent company of Lenovo, for 2.76 billion yuan ($404.1 million. Legend Holdings is the asset management unit of the Chinese Academy of Sciences.... |
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| 09/24/2009 |
UPDATE 2-Klondex ends takeover deal with Paramount
...Klondex shares fell 24 percent on the Toronto Stock Exchange, while Paramount closed up 6 percent. On July 20, Paramount agreed to buy Klondex Mines in an all-stock deal worth around C$80 million to boost its gold exploration projects in North America, trumping a rival bid by Silvercorp Metals Inc . Klondex terminated the agreement, saying Paramount's public disclosure contained material misstatements about its San Miguel Project in Mexico.... |
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| 12/03/2008 |
RIM to offer C$65.6 million to buy Certicom
...RIM to offer C$65.6 million to buy Certicom BlackBerry maker Research In Motion said on Wednesday it plans to offer C$1.50 a share in cash to buy encryption software company Certicom Corp in a deal worth about C$66 million ($52 million). The offer, which comes one day after RIM cut its third-quarter profit and revenue outlook, represents a 76.5 percent premium over the closing price of Certicom stock on Dec 2, said RIM.... |
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| 10/15/2009 |
RHJ buys Kleinwort Benson from Commerzbank
...KBC Securities said the deal, the biggest since RHJ's flotation in 2005, was the transformation purchase the market had been waiting for, and was fixed at a fair price of some 4.2 percent of end-2008 assets under management. RHJ will buy both Kleinwort Benson Channel Islands Holding Ltd and Kleinwort Benson Private Bank Ltd, with combined wealth assets under management of 5.4 billion pounds and fiduciary assets under administration totaling 15.7 billion pounds. They employed around 650 staff at the end of last year.... |
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| 10/18/2009 |
Rite Aid
...An Eckerd soon to become a Rite Aid pharmacy in Rochester, Pennsylvania, August 4, 2007. On August 23, 2006, the Wall Street Journal announced that Rite Aid would be buying the Eckerd Pharmacy and Brooks Pharmacy chains (Brooks Eckerd Pharmacy) from the Quebec-based Jean Coutu Group for US$3.4 billion, and merging the two chains into one dominant pharmacy system. The company's shareholders overwhelmingly approved the merger on January 18, 2007.... |
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| 05/27/2008 |
Rohm to buy Oki Electric's chip business
...Rohm to buy Oki Electric's chip business TOKYO (Reuters) - Japanese semiconductor maker Rohm Co said on Wednesday it would buy smaller rival Oki Electric Industry Co's microchip operations for about 95 billion yen ($913 million), signaling a further shake-up in Japan's chip industry. Under the deal, Oki will first spin off its chip-making business into a new company and sell a 95 percent stake in the company to Rohm.... |
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| 07/15/2008 |
Business & Technology Shell Canada offers to buy Duvernay Oil for $5.16B Seattle Times Newspaper
...Shell Canada offers to buy Duvernay Oil for $5.16B Royal Dutch Shell PLC on Monday offered to buy Canada's Duvernay Oil Corp. for 5.19 billion Canadian dollars ($5.16 billion) in cash, in a move to nearly double its North American natural gas production. Shell is offering 83 Canadian dollars per share ($82.59) for Alberta-based Duvernay Oil, which plans to triple its natural gas production of about 25,000 barrels of oil equivalent per day (boe/d) to about 70,000 boe/d by 2012.... |
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| 10/17/2009 |
Shanks Group
...In July 2004 the Company sold its UK landfill and landfill gas power assets to Terra Firma . In 2006 the Company went on to buy Smink Beheer B.V. in the Netherlands for EUR 62m. The Company's current operations are concentrated within the following three countries:... |
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| 07/30/2009 |
Sumitomo Trust to buy Citi's Nikko Asset
...Last Update: 5:43 AM ET Jul 30, 2009 TOKYO (MarketWatch) -- Sumitomo Trust & Banking Co. said Thursday it will buy Citigroup Inc.'s Nikko Asset Management Co. unit for 112.4 billion yen ($1.2 billion). Sumitomo Trust said it will acquire the unit by October 1.... |
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| 07/27/2009 |
India's Tata Motors Q1 profit leaps
...Analysts had expected a profit of around 1.6 billion rupees. The results did not include the earnings of British luxury motoring icons Jaguar and Land Rover which Tata bought from Ford Motor Co last year for 2.3 billion dollars. Vehicle sales, including exports, fell 4.31 percent to 127,340 during the first quarter to June 30 from a year earlier.... |
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| 07/28/2009 |
World Business Quick Take
...The Journal's sources added that Liam McGee, president of Bank of America's consumer and small-business bank, also said branch closures were planned, but did not specify how many locations could be closed. Time Warner has bought back Google's 5 percent stake in struggling Internet company AOL for US$283 million. The price, paid on July 8, is close to what Google estimated its stake at earlier this year.... |
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| 01/28/2009 |
Toshiba logs Q3 loss, eyes first annual loss in 7 years
...That is far worse than the consensus estimate for a loss of 67.5 billion yen, according to a poll of 16 brokerages by Reuters Estimates ahead of the quarterly results. Toshiba also said on Thursday it planned to buy part of SanDisk 300 mm wafer-line production facilities for 80 billion yen ($888 million). Toshiba shares dropped 19 percent in October-December in a broader market <.... |
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| 04/10/2008 |
Toyota to Boost Ties With Fuji
...The latest agreement will strengthen an existing alliance, in which Fuji makes Toyota Camry sedans in the U.S., while Daihatsu makes the Justy compact car that Fuji sells in Europe. Toyota will buy 61 million Fuji Heavy shares from Fuji for 31.1 billion yen ($311 million), the companies announced in a news conference at a Tokyo hotel, attended by Toyota President Katsuaki Watanabe, Fuji President Ikuo Mori and Daihatsu President Teruyuki Minoura. It currently owns an 8.7 percent stake in Fuji Heavy.... |
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| 07/30/2009 |
TransCanada reports 2Q profit of $314 million
...Based on long-term commitments of 910,000 barrels of oil per day, Keystone is expected to generate earnings before interest, taxes, depreciation and amortization of about US$1.2 billion in 2013, the first full year crude will be shipped to both the U.S. Midwest and Gulf Coast. Earlier this year, TransCanada bought ConocoPhillips' remaining interest in Keystone for US$550 million, plus US$200 in debt. TransCanada will take on ConocoPhillips remaining US$1.7 billion in capital investment needed to complete keystone through the end of 2012.... |
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| 10/13/2008 |
HBOS Its capital raising
...Just as homeowners trying to sell their houses are finding that buyers are suddenly reducing their offers, so the Government-engineered takeover of HBOS was suddenly looking expensive for Lloyds' shareholders. As part of its bail-out, the Government is buying GBP8.5bn of new HBOS shares at 113.6p, an 8.5pc discount to the company's closing price on Friday. HBOS is also placing GBP3bn of preference shares with the Government.... |
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| 10/28/2008 |
UPDATE 1-Loring Ward says sale to PE fund unlikely
...Fund services firm Loring Ward International Ltd said its proposed sale to a private equity firm may not be completed as its assets under management have fallen below the level agreed upon in the takeover agreement. In February this year, Werba Reinhard Holdings Ltd had agreed to buy Loring Ward in an all-cash deal worth about C$106.2 million ($106.2 million). In a statement, Loring Ward said one of the closing conditions for the sale was that the assets managed should not fall more than 20 percent from June 30 to the closing date of the transaction.... |
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| 11/04/2009 |
WPCS International buys Pride Electronic Security
...WPCS International Inc. said Wednesday it has bought an electrical and security services provider based in Queensland, Australia. WPCS (NASDAQ:WPCS) bought Pride Electronic Security Systems for 2 million Australian dollars, or $1.82 million, at closing, and up to 2 million additional Australian dollars over the next two years, depending on the company's performance. Pride earned 900,000 Australian dollars before interest and taxes on 7.6 million in Australian dollars in revenue in the fiscal year ended June 30.... |
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| 11/19/2009 |
Blackstone unit buying Birds Eye Foods
...Blackstone unit buying Birds Eye Foods Pinnacle Foods Group, owned by Manhattan-based Blackstone Group, plans to purchase frozen-vegetable company Birds Eye Foods in a $1.3 billion deal. AP) - Packaged foods company Pinnacle Foods Group says it's buying frozen-vegetable company Birds Eye Foods for $1.3 billion.... |
Blackstone unit buying Birds Eye Foods
...Blackstone unit buying Birds Eye Foods Pinnacle Foods Group, owned by Manhattan-based Blackstone Group, plans to purchase frozen-vegetable company Birds Eye Foods in a $1.3 billion deal. AP) - Packaged foods company Pinnacle Foods Group says it's buying frozen-vegetable company Birds Eye Foods for $1.3 billion.... |
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| 03/09/2007 |
Aeon to Buy Stake in Daiei for $393M
...Under the deal, Aeon is buying the Daiei shares from its biggest stakeholder Marubeni Corp., a Japanese trading company that had the largest stake in Daiei with 44.6 percent. Aeon will also purchase a 20 percent stake in Daiei group supermarket operator Maruetsu Inc. from Daiei for 16.5 billion yen ($140 million). Both purchases will be completed by the end of March, the companies said.... |
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| 06/02/2009 |
AmerisourceBergen buys Canadian firm
...AmerisourceBergen buys Canadian firm Pharmaceutical wholesaler AmerisourceBergen Corp. said today that it has purchased Innomar Strategies Inc., a Canadian specialty pharmaceutical services company, for about $15 million Canadian dollars, or $13.8 million U.S. cash. Innomar, based in Toronto, provides services to Canadian drug and biotechnology companies including consulting, logistics, patient assistance, nursing and clinical research.... |
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| 10/29/2009 |
Auntie Anne's
...In October 2006, it was announced that the Auntie Anne's corporate headquarters would be relocated from the town of Gap to downtown Lancaster. The former site of the Lancaster Post Office was purchased for $7 million dollars by Auntie Anne's, Inc. The building itself was constructed in 1927, and stands at three stories tall on about .... |
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| 07/31/2009 |
BAE Systems Inc.
...With the political and military ties that exist between the US and the UK, BAE Systems has faced little opposition to acquisitions of important US defence contractors. In April 2000 BAE purchased Lockheed Martin Control Systems (LMCS), a manufacturer of electronic controls for aircraft, space vehicles and the transportation industry for $510 million USD. LMCS was renamed BAE Systems Platform Solutions.... |
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| 11/01/2009 |
Sovereign Bank
...As Banco Santander owned 25% of Sovereign, it had the right to buy the bank for $40 per share for one year beginning in the middle of 2008. On October 13, 2008, Banco Santander agreed to purchase the remainder of Sovereign for US$1.9 billion (1.4 billion euros). Sovereign Bank had been severely affected by losses related to auto loans and stock in Fannie Mae and Freddie Mac.... |
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| 08/19/2009 |
YouTube to show clips from Time Warner TV shows, movies (AFP)
..."Today, we've taken another step in making YouTube a comprehensive video destination by partnering with Time Warner." Google purchased YouTube in 2006 for 1.65 billion dollars and has been searching for ways to translate its immense popularity into a money-making venture. Online video website Hulu.com, a fast-growing rival to YouTube, offers full-length television episodes and movies and has reached agreements with three of the four major US broadcast television networks.... |
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| 11/05/2009 |
Republic Services
...Republic Services, Inc () is a waste management company. Once the third largest waste management firm in the United States, on June 23, 2008 it announced its intention to purchase its larger competitor Allied Waste Industries for $6.1 billion USD in Republic Services stock. The merged company will retain the Republic name and become the second largest (after Waste Management, Inc) non-hazardous solid waste management company in the United States.... |
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| 09/16/2009 |
Storage Technology Corporation
...These and other activities allowed StorageTek to expand operations in Ponce , Puerto Rico and Toulouse, France. On June 2, 2005, Sun Microsystems, Inc. announced it would purchase Storage Technology Corporation ("StorageTek") for US$4.1 billion in cash, or $37.00 per share. On August 31, 2005, the acquisition was completed.... |
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| 11/19/2009 |
JPMorgan in takeover of 190-year-old brokerage used by Queen
...JPMorgan in takeover of 190-year-old brokerage used by Queen JPMorgan Chase, the second- largest US bank, will buy out its venture with Cazenove Group for GBP1bn ($1.7bn), sealing the takeover of a 190-year-old British brokerage whose clients include the queen. JPMorgan will pay 535p a share, more than twice the price at which the stock last traded when Cazenove reported earnings in February, the bank said in a statement yesterday.... |
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| 03/29/2009 |
Tesco to open bank branches in its stores
..."Tesco has appointed a raft of heavyweight figures from financial institutions such as Barclays and Scottish Widows as non-executive directors of its Tesco Personal Finance (TPF) division to oversee the move into mainstream banking," the Telegraph said. In July last year, Tesco decided to buy out RBS from their financial joint venture for 950 million pounds and said it plans to set up full-service retail bank. The branches are likely to be called Tesco Bank, the report added.... |
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| 11/05/2009 |
Tesco
...This move towards the financial sector diversified the Tesco brand and provides opportunities for growth outside of the retailing sector. On 28 July 2008 Tesco announced that they were buying out the Royal Bank of Scotland's 50% stake in the company for GBP 950 million. In October 2009 the name of Tesco Personal Finance was changed to Tesco Bank.... |
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| 10/28/2009 |
Tesco Bank
...If successful this trial will roll out to a number of other key and flagship stores. In July 2008, Tesco announced that they were buying out the Royal Bank of Scotland's 50% stake in the company for GBP 950 million, and the transaction was completed later that year. During 2009 Tesco plan to open 30 branches in store, branded Tesco Bank.... |
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| 04/13/2009 |
Sanlu fails to attract buyers
...Monday's auction had been the fourth and final sale planned. Beijing-based milk company Sanyuan Group bought up Sanlu's core assets at an auction in early March for 616.5 million yuan ($NZ158 million). Sanyuan's products were found to be safe during the crisis last year and the company has said it could use its unscathed reputation to improve its position in the market.... |
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