Mergers between utility companies are about as dry as corporate dealmaking gets. But that’s not why traders hate them. For those in the arbitrage game, who stake their returns on when and at what...
Energy Transfer-Williams Companies merger approved with conditions
The merger of pipeline companies Energy Transfer Equity LP and Williams Companies has been approved with conditions, the U.S. Federal Trade Commission said on Thursday. Energy Transfer’s proposed acquisition of...
Deutsche Boerse’s LSE Takeover May Result in 1,250 Job Cuts
Deutsche Boerse AG’s proposed acquisition of London Stock Exchange Group Plc may result in about 1,250 job cuts across the companies. The combined firm would lose a net 700 positions because 550 jobs may be created as...
EU OKs Tata takeover of Corus
EU OKs Tata takeover of Corus The European Union on Friday cleared the proposed takeover of British steelmaker Corus Group PLC by India’s Tata Steel. The European Commission’s antitrust office said the...
Tata Steel gets EU approval to buy Corus
Tata Steel gets EU approval to buy Corus The European Union on Friday cleared the proposed takeover of British steelmaker Corus Group PLC by India’s Tata Steel. The European Commission’s antitrust office...
Apollo to acquire US home broker Realogy for $6.4b
Apollo to acquire US home broker Realogy for $6.4b Apollo Management agreed to buy Realogy, the owner of the Century 21 and Coldwell Banker real-estate brokers, for about $6.4 billion in a sign the US housing slump may...
MAN makes hostile bid for Scania
MAN makes hostile bid for Scania German truckmaker MAN launched a cash-and-share takeover offer for Swedish rival Scania on Thursday on the same terms it had previously proposed, going hostile after failing to clinch a...
Merger of Siemens arm with Nokia gets EU nod
Merger of Siemens arm with Nokia gets EU nod EU antitrust regulators cleared the planned merger of Finnish telecommunications equipment maker Nokia and the network business of German conglomerate Siemens. After a market...
Merck to acquire biotech co Sirna for $1.1bn all cash
Merck to acquire biotech co Sirna for $1.1bn all cash Pharmaceutical company Merck said it agreed to pay an eye-popping $1.1bn to buy Sirna Therapeutics, a tiny biotechnology firm developing drugs based on new...
Arcelor Mittal takes 40% stake in US auto unit
Arcelor Mittal takes 40% stake in US auto unit Arcelor Mittal SA said it was merging a unit that makes steel for the auto industry with US laser welder Noble International Ltd. in return for a 40 per cent stake in the...
Promina to buy Suncorp for $6 bn
Promina to buy Suncorp for $6 bn Australian insurer Promina Group agreed to a A$7.6-billion ($5.8 billion) takeover by banking and insurance group Suncorp-Metway that will create the country’s second-largest home...
Volvo looks at Asia, Europe for M&As
Volvo looks at Asia, Europe for M&As Sweden’s Volvo is most likely the next truckmaker to strike a deal, whether or not German rival MAN AG acquires Scania and supplants Volvo as Europe’s truck market...