Novatel Wireless Strikes a Deal for Enfora
Wireless technology company Novatel has agreed to buy Enfora, a provider of asset management solutions for $64.5 million in cash, in a move to expand its presence into new markets.
acquisitions
Natural Gas Firm Exco Gets $4.4 Billion Offer to Go Private
Natural gas prices have been persistently sluggish lately, but it looks like deal-making is revving up: The latest offer comes from the CEO of Exco Resources, Douglas Miller, who has offered to buy the energy company for $20.50 per share or about $4.4 billion.
Is Pre-Paid Legal Ready for a Buyout?
Pre-Paid Legal Services' stock surged today after it announced it was evaluating "strategic alternatives" for the company, including a possible buyout.
GE Strikes a Healthy Deal for Cancer Diagnostics Company Clarient
General Electric announced today it would shell out $587 million for Clarient, a maker of cancer diagnostic solutions. Clarient shares have soared 33% on the news.
Is Coal Miner Massey Buyout Bait?
Shares in Massey Energy were climbing today on reports that the coal mining company was "exploring strategic alternatives" -- in other words, a possible sale.
Profits Possible as Quicksilver Preps for Buyout
The Darden family, which owns roughly 24% of Quicksilver, has made an overture to take the natural gas firm private. Shares are up on the news, so is there still room to profit on the upside? Actually, it looks like the answer is yes.
H&R Block Buys Maker of TaxACT Tax Software
H&R Block has been a laggard in its online efforts, while competitor Intuit's TurboTax keeps gaining market share. To start remedying the situation, H&R Block this week agreed to pay $287.5 million for 2SS Holdings, which develops the desktop and online tax-prep software TaxACT.
J&J to Acquire Vaccine Maker Crucell
Giant drugmaker Johnson & Johnson has agreed to buy Dutch vaccine maker Crucell. The deal will give J&J a bigger piece of the vaccine market and better access to emerging markets.
Big Tech's Buying Binge: Who Will Be Acquired Next?
IBM, Oracle, Hewlett Packard and Intel have been on a buying spree of late, and it's virtually guaranteed that they'll be purchasing more companies over the next several months. But which companies will they target next? Here are eight strong possibilities you might want to buy into.
3M's M&A Mania Continues: $810M Deal for Arizant
3M is hungry for deals. Last month it bought Cogent and Attenti, and today it announced its purchase of Arizant for $810 milllion. It's deal-making may be a good sign for corporate America.
7-Eleven Bids $2 Billion for Casey's General Stores
Convenience-store chain 7-Eleven offered $2 billion to acquire competitor Casey's General Stores, topping a hostile bid by Canada's Alimentation Couche-Tard
Bristol-Myers Squibb to Buy ZymoGenetics for $885 Million
Drugmaker Bristol-Myers Squibb plans to buy ZymoGenetics, its partner in developing a hepatitis C treatment, for $885 million. The move is part of a trend of pharmaceutical acquisitions as several big patents face expiration soon.
Hewlett-Packard Outbids Dell for 3Par
The bidding war between rival PC makers Dell (DELL) and Hewlett-Packard (HPQ) over small data storage company 3Par (PAR) has heated up once again. HP announced Thursday that it is increasing its tender offer to acquire 3Par to $33 per share in cash, or about $2.1 billion. The board of 3Par has determined that HP's revised proposal constitutes a "Superior Proposal" and notified Dell of its intention to terminate its merger agreement with it.
Google Snaps Up SocialDeck, Taking Yet Another Swing at Social Media
Google is on a shopping spree. In the last month alone, the search giant has snapped up SocialDeck, Angstro, and Slide -- all to help it take on rival Facebook.