Category Archives: Merge

7 states join effort to block AT&T merger

By doris | Published: September 16, 2011

Full Story at BottomLine.msnbc.msn.com Seven states have joined a Justice Department antitrust lawsuit seeking to block AT&T Inc.’s proposed $39 billion acquisition of rival T-Mobile USA, officials said Friday. The move strengthens the federal case against the proposed merger, setting up another hurdle to completion of the deal. “We are pleased that these states have [...]

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Oil driller Ensco to buy rival Pride for $7.3 billion

By doris | Published: February 7, 2011

Full Story at news.Yahoo.com NEW YORK/SAN FRANCISCO (Reuters) – Ensco Plc (ESV.N) plans to buy Pride International Inc (PDE.N) for about $7.3 billion to create the world’s second-largest offshore oil and gas driller and extend its reach to lucrative deepwater fields off Brazil and West Africa. The deal, unveiled on Monday, sets a purchase price [...]

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Coal miner Massey merges with rival

By doris | Published: January 30, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Massey Energy, owner of the Upper Big Branch mine in West Virginia that was the site of a tragic explosion last April, was acquired by rival Alpha Natural Resources in a $7.1 billion deal, the companies announced Saturday. Alpha (ANR), headquartered in Abingdon, Va., paid $69 a [...]

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CVS to buy Medicare business of Universal American

By doris | Published: January 2, 2011

Full Story at msnbc.com WOONSOCKET, R.I. — CVS Caremark Corp. said Friday it will pay $1.25 billion to buy Universal American Corp.’s Medicare prescription drug services unit. CVS said it pursued the deal because with the country’s population aging, a growing percentage of Americans will get their prescription drug coverage from Medicare. Shares of Universal [...]

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Wendy’s shares surge on mystery takeover offer

By doris | Published: June 12, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Shares of Wendy’s/Arby’s Group rose 7% Friday on talk that the fast food chain could be taken over. Hedge fund manager Nelson Peltz disclosed in a filing with the Securities and Exchange Commission late Thursday that his firm, Trian Fund Management, received an “oral inquiry” from an [...]

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United and Continental to merge

By doris | Published: May 4, 2010

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — UAL Corp.’s United Airlines announced on Monday it will merge with Continental Airlines in a deal worth $3.2 billion, creating the world’s largest airline. The combined company, which will fly under the United moniker and Continental logo, is now larger than Delta Air Lines (DAL, Fortune 500), which [...]

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