buyout

AIG, which wants to spin off its Taiwan-based Nan Shan Life Insurance unit, has a few live ones nibbling on the line to snap it up, according to a Bloomberg report. The company has disclosed in an SEC filing that Nan Shan has attracted unsolicited offers ranging from $2.15 billion to $3 billion.

News that Jo-Ann Stores has agreed to be acquired by an affiliate of private-equity firm Leonard Green & Partners for about $1.6 billion has sent shares of the craft retailer soaring 33% in premarket trading.

Last week, power-plant operator Dynegy agreed to be acquired by top shareholder Icahn Enterprises for about $665 million. But Dynegy's second-largest shareholder, hedge fund Seneca Capital, rejected the bid, calling it "the wrong price at the wrong time for the wrong reasons."

Defense contractor Raytheon said Monday it has agreed to buy Applied Signal Technology, which specializes in collecting and processing communication signals to support tactical and strategic intelligence missions, for an aggregate purchase price of approximately $490 million.

Groupon, the online social coupon site launched in 2008, is looking to raise hundreds of millions of dollars in expansion-related funding after rejecting a bid from search giant Google worth as much as $6 billion, Bloomberg News reported Thursday, citing people familiar with the process.

Power plant operator Dynegy has agreed to be acquired by Icahn Enterprises for $5.50 per share in cash, or about $665 million. Dynegy has about $3.95 billion of outstanding debt, net of cash. The agreement follows a recent failed bid from private equity giant The Blackstone Group.

Dell confirmed Thursday it's in exclusive buyout talks with Compellent Technologies, but the proposed buyout price for the data storage company is apparently less than what investors were betting on. Compellent shares fell as much as 15% to an intraday low of $28.58 a share.

When Barnes & Noble announced it was looking for a buyer, we entertained the fanciful notion that struggling rival Borders might put in a bid. As absurd as the idea was, that buyout offer has been made. Here's why it has virtually no chance of succeeding.

Hedge fund manger Bill Ackman says he will finance a takeover bid for rival bookseller Barnes & Noble at $16 a share -- a 20.5% premium over Friday's closing price. Faced with increased competition, B&N has seen sales plunge in recent quarters.

Hyundai Group landed a preliminary $4.8 billion deal to purchase South Korea's Hyundai Engineering and Construction Co., that nation's largest contractor, but concerns over whether Hyundai Group can pull the financing together is raising questions among top investors.