Advertisement
HomeCollectionsMergers And Acquisitions
IN THE NEWS

Mergers And Acquisitions

FEATURED ARTICLES
NEWS
July 25, 2013
July 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: ** Dell Inc founder Michael Dell raised his $24.4 billion bid by less than 1 percent just hours before it was to be put to a vote, tacking on a controversial demand to change voting rules to make it easier for him to buy and take the No. 3 personal computer maker private. ** Publisher Axel Springer AG struck a 920-million-euro ($1.22 billion) deal to sell some of Germany's best-known newspapers and magazines, severing its oldest roots to intensify its focus on digital media.
ARTICLES BY DATE
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | November 15, 2013
Jos. A. Bank Clothiers Inc. withdrew its $2.3 billion offer for Men's Wearhouse on Friday, but it left the door open for future merger talks. Even as Bank dropped the bid, the largest shareholder in Men's Wearhouse called a special shareholders meeting to consider removing directors from the retailer's board after the Houston-based chain failed to respond to Bank's $48-a-share offer by a Thursday deadline. Eminence Capital LLC, which owns 9.8 percent of Men's Wearhouse common stock, filed notice Friday morning with the U.S. Securities and Exchange Commission that it was calling the special meeting to vote on bylaw amendments.
Advertisement
BUSINESS
By David Conn and David Conn,Staff Writer | June 8, 1993
Alex. Brown & Sons Inc. said yesterday that it has hired a London investment banker to expand the Baltimore-based company's operations in the United Kingdom and Europe.John Fordham, 44, the head of corporate finance at Lloyds Merchant Bank, has joined Alex. Brown as director of European Investment Banking, the company said. Mr. Fordham joined Lloyds in 1991 after a decade at investment bankers Hill Samuel in London, at which he headed the mergers and acquisition department."John Fordham is an important addition to our international investment banking effort," W. Gar Richlin, who heads investment banking at Alex.
NEWS
July 25, 2013
July 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: ** Dell Inc founder Michael Dell raised his $24.4 billion bid by less than 1 percent just hours before it was to be put to a vote, tacking on a controversial demand to change voting rules to make it easier for him to buy and take the No. 3 personal computer maker private. ** Publisher Axel Springer AG struck a 920-million-euro ($1.22 billion) deal to sell some of Germany's best-known newspapers and magazines, severing its oldest roots to intensify its focus on digital media.
BUSINESS
By BLOOMBERG NEWS | January 1, 1999
NEW YORK -- Increased competition and the rush to be global could make 1999 the fifth consecutive record year for mergers and acquisitions -- exceeding the $2.5 trillion of announced transactions in 1998.More agreements like Daimler Benz AG's $34.8 billion purchase of Chrysler Corp. and SBC Communications Inc.'s purchase of Ameritech Corp. for $83.6 billion are expected as companies forge links to cut costs and compete worldwide.The blurring of borders in Europe, where 11 countries are adopting a single currency, will also create the need for companies with the bulk to serve a market as big as the United States.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | August 5, 2010
Some of FTI Consulting Inc.'s corporate services flourish in terrible times and others rev up when the economy is good, but this uncertain recovery is kicking the Baltimore firm down a notch. FTI said Thursday that its second-quarter profits fell 33 percent, to $25.1 million. The U.S. economy improved to the point that fewer companies need its corporate restructuring services, but not enough to accelerate demand for help with normal business activities such as mergers and acquisitions.
BUSINESS
By BLOOMBERG BUSINESS NEWS | April 23, 1996
NEW YORK -- U.S. stocks rose yesterday as more than $26 billion of mergers and acquisitions showed that companies are taking steps to keep profits growing. The Nasdaq composite index reached its third straight record.The merger of Bell Atlantic Corp. and Nynex Corp., and Cisco Systems Inc.'s purchase of Stratacom Inc., come amid a record year for acquisitions and suggested to some investors that many stocks still have room to rise.The Dow Jones industrial average gained 29.26 to 5564.74. The 30-stock average triggered the New York Stock Exchange limits on stock-index arbitrage trading just 13 minutes after markets opened by rising as much as 52.74, then lost momentum.
BUSINESS
By Sean Somerville | April 7, 1996
LAST WEEK'S giant mergers in the health care and telecommunications industries were the latest in a string of megadeals.Before Aetna Life & Casualty Co.'s $8.9 billion deal for U.S. Healthcare and Pacific Telesis Group's merger with SBC Communications Inc., came the Chemical-Chase banking merger and the Disney-Capital Cities media deal.In a deregulatory atmosphere perhaps best symbolized by recent telecommunications legislation, mergers and acquisitions are likely to continue at a feverish pace.
BUSINESS
By Andrew Leckey | August 23, 1995
General Motors announcing the spinoff of its EDS subsidiary.Sears Corp. completing the spinoff of AllState Corp.General Mills Inc. spinning off Darden Restaurants.Sprint Corp. announcing the spinoff of Sprint Cellular.Viacom Inc. spinning off Liberty Media.Corporate America appears to be spinning out of control in 1995, and individual investors can reap significant profit from the result.More than $16.7 billion in corporate spinoffs have been closed this year, that coming on the heels of a record $22 billion last year.
BUSINESS
By Bloomberg Business News | August 4, 1994
NEW YORK -- U.S. stocks were mixed for a second day yesterday as gains in drug and health care issues offset concern that rising inflation will lead the Federal Reserve to raise interest rates.The gains in drug stocks were sparked by American Home Products Corp.'s $8.5 billion bid for American Cyanamid Co. The offer, made late Tuesday, also raised hopes that more mergers and acquisitions in the industry are coming."The two-year hiatus is over," said Samuel Isaly, portfolio manager of the $10 million Medical Research Investment Fund.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | August 5, 2010
Some of FTI Consulting Inc.'s corporate services flourish in terrible times and others rev up when the economy is good, but this uncertain recovery is kicking the Baltimore firm down a notch. FTI said Thursday that its second-quarter profits fell 33 percent, to $25.1 million. The U.S. economy improved to the point that fewer companies need its corporate restructuring services, but not enough to accelerate demand for help with normal business activities such as mergers and acquisitions.
BUSINESS
By BLOOMBERG NEWS | July 11, 2000
SAN JOSE, Calif. - JDS Uniphase Corp., the largest maker of fiber-optic components, agreed yesterday to buy SDL Inc., a rival maker of lasers that strengthen signals on telecommunications networks, for $41 billion in stock. The company plans to swap 3.8 shares for each SDL share. The exchange values SDL at $441.51 a share, almost 50 percent more than Friday's close. JDS is betting that buying SDL, which has developed a laser that's more powerful and reliable than its own product, will help further distance the company from Lucent Technologies Inc. and Corning Inc. The market for fiber-optic parts is set to rise to $23.1 billion in 2003 from $6.7 billion last year, according to researcher RHK Inc. "This adds substantial technical expertise," said Giri Devulapally, telecommunications-equipment analyst at T. Rowe Price Associates Inc., which owns shares of JDS and SDL. "Some [products]
BUSINESS
By Rona Kobell and Rona Kobell,SUN STAFF | July 8, 2000
Coventry Health Care Inc. announced yesterday that it will acquire WellPath Community Health Plans, the managed care subsidiary of Duke University Health System, for approximately $25.5 million. WellPath has 152,000 members and annual premiums of $230 million. Bethesda-based Coventry serves more than 50 counties in North and South Carolina, with concentrations in Charlotte, Greensboro and Raleigh-Durham, home of Duke University. Coventry expects to retain 130,000 of WellPath's current members, bringing its subscribers in North Carolina to 170,000.
BUSINESS
By BLOOMBERG NEWS | January 1, 1999
NEW YORK -- Increased competition and the rush to be global could make 1999 the fifth consecutive record year for mergers and acquisitions -- exceeding the $2.5 trillion of announced transactions in 1998.More agreements like Daimler Benz AG's $34.8 billion purchase of Chrysler Corp. and SBC Communications Inc.'s purchase of Ameritech Corp. for $83.6 billion are expected as companies forge links to cut costs and compete worldwide.The blurring of borders in Europe, where 11 countries are adopting a single currency, will also create the need for companies with the bulk to serve a market as big as the United States.
BUSINESS
By BLOOMBERG BUSINESS NEWS | April 23, 1996
NEW YORK -- U.S. stocks rose yesterday as more than $26 billion of mergers and acquisitions showed that companies are taking steps to keep profits growing. The Nasdaq composite index reached its third straight record.The merger of Bell Atlantic Corp. and Nynex Corp., and Cisco Systems Inc.'s purchase of Stratacom Inc., come amid a record year for acquisitions and suggested to some investors that many stocks still have room to rise.The Dow Jones industrial average gained 29.26 to 5564.74. The 30-stock average triggered the New York Stock Exchange limits on stock-index arbitrage trading just 13 minutes after markets opened by rising as much as 52.74, then lost momentum.
BUSINESS
By Sean Somerville | April 7, 1996
LAST WEEK'S giant mergers in the health care and telecommunications industries were the latest in a string of megadeals.Before Aetna Life & Casualty Co.'s $8.9 billion deal for U.S. Healthcare and Pacific Telesis Group's merger with SBC Communications Inc., came the Chemical-Chase banking merger and the Disney-Capital Cities media deal.In a deregulatory atmosphere perhaps best symbolized by recent telecommunications legislation, mergers and acquisitions are likely to continue at a feverish pace.
BUSINESS
By Bloomberg Business News | December 31, 1993
The suitors, not the stalkers, were the dominant force in mergers in 1993.Although hostile bids were scarce, the transactions were hardly pikers -- with Mellon Bank Corp. offering $1.85 billion for mutual-fund manager Dreyfus Corp., pharmaceutical maker Merck & Co. paying $6 billion for mail-order druggist Medco Containment Services Inc. and, in the year's topper, Bell Atlantic Corp. agreeing to buy cable TV giant Tele-Communications Inc. for about $30 billion, to name but three.The value of mergers and acquisitions leapt to $265 billion in 1993, a 73 percent gain on 1992, according to Securities Data Co. in Newark, N.J.And 1994 could be even hotter -- at least that's the hope of Wall Street investment bankers grown accustomed to this year's fat advisory fees.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | November 15, 2013
Jos. A. Bank Clothiers Inc. withdrew its $2.3 billion offer for Men's Wearhouse on Friday, but it left the door open for future merger talks. Even as Bank dropped the bid, the largest shareholder in Men's Wearhouse called a special shareholders meeting to consider removing directors from the retailer's board after the Houston-based chain failed to respond to Bank's $48-a-share offer by a Thursday deadline. Eminence Capital LLC, which owns 9.8 percent of Men's Wearhouse common stock, filed notice Friday morning with the U.S. Securities and Exchange Commission that it was calling the special meeting to vote on bylaw amendments.
BUSINESS
By Andrew Leckey | August 23, 1995
General Motors announcing the spinoff of its EDS subsidiary.Sears Corp. completing the spinoff of AllState Corp.General Mills Inc. spinning off Darden Restaurants.Sprint Corp. announcing the spinoff of Sprint Cellular.Viacom Inc. spinning off Liberty Media.Corporate America appears to be spinning out of control in 1995, and individual investors can reap significant profit from the result.More than $16.7 billion in corporate spinoffs have been closed this year, that coming on the heels of a record $22 billion last year.
BUSINESS
By Bloomberg Business News | August 4, 1994
NEW YORK -- U.S. stocks were mixed for a second day yesterday as gains in drug and health care issues offset concern that rising inflation will lead the Federal Reserve to raise interest rates.The gains in drug stocks were sparked by American Home Products Corp.'s $8.5 billion bid for American Cyanamid Co. The offer, made late Tuesday, also raised hopes that more mergers and acquisitions in the industry are coming."The two-year hiatus is over," said Samuel Isaly, portfolio manager of the $10 million Medical Research Investment Fund.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.