merger

Office Depot Agrees to Buy OfficeMax in Stock Deal

Office Depot said Wednesday it will buy OfficeMax in an all-stock deal that would transform office-supply retail sector. The companies said holders of OfficeMax shares will receive 2.69 shares of Office Depot for every OfficeMax share they own. That's equal to about $13.50 per share.

Talk of More Corporate Deals Sends Stocks Higher, Dow Above 14,000

Reports that retailers Office Depot and OfficeMax are discussing a merger came after big corporate deals for Heinz and Dell were announced in recent weeks. Some investors are betting that more deals could be on the way as buyers pay premium prices for publicly traded companies.

Market Minute: US Airways and American Airlines Look Set for Merger

US Airways and AMR are in the final stages of negotiating a merger, with final price and management structure still to be resolved. A combined American-US Airways would have revenue of $38.69 billion based on 2012 figures, in front of current world No. 1 United Continental Holdings.

Ousted Duke CEO Earns Up to $44.4 Million for a Few Hours Work

When Progress Energy agreed to be bought by Duke Energy, it was agreed that its CEO, Bill Johnson, would run the combined company. Instead, Johnson was pushed out by the board -- mere hours after he took over. But don't feel bad for him -- his golden parachute is enormous.

AT&T Agrees to Drop Bid for T-Mobile

AT&T said Monday that it is ending its $39 billion bid to buy T-Mobile USA after facing fierce government objections. The cellphone giant said that the actions of the government to block the deal do not change the challenges of the wireless phone industry, which it says requires more airwaves, known as spectrum, to expand. The deal would have solved that problem for a time, and without it, "customers will be harmed and needed investment will be stifled," AT&T said in a statement.

Southwest Remains No. 1 for Airline Customer Service

The American Customer Satisfaction Index's annual report on airlines showed Southwest still on top of the rankings, and far ahead of No. 2 Continental. Southwest even improved its score, a rare bright spot in an industry that came in last overall in customer satisfaction among those the ACSI rates.

Nasdaq, ICE Drop $11 Billion Bid for NYSE Euronext

Nasdaq and IntercontinentalExchange are withdrawing their $11 billion bid for the New York Stock Exchange after recognizing that it wouldn't receive regulatory approval. The decision leaves the path open for NYSE Euronext to merge with the German exchange operator Deutsche Boerse.

A Starbucks, Peet's Coffee Tie-Up Could Be a Win-Win

The longtime coffee rivals may be discussing a merger. It could be a win for both brewers. Starbucks could provide the smaller player with a boost in the single-cup market. And Peet's, which has longstanding deals with grocery chains, could steer Starbucks to a smoother grocery distribution strategy.

Sprint and T-Mobile Are Talking Merger Again

SprintNextel and T-Mobile USA are reportedly discussing another tie-up, as both companies seek to stop the flow of customers defecting to larger cell-phone service providers. In the past, the carriers have mulled a merger but haven't been able to agree on who would acquire whom.

Huawei Wins U.S. Injunction Against Motorola

Chinese telecom-equipment maker Huawei has won a preliminary U.S. court injunction barring Motorola, a Huawei vendor, from transferring confidential information to Nokia Siemens Networks as part of the sale of Motorola's network-equipment business to Nokia Siemens.

AOL Buys HuffPo: What Media Pundits Are Saying

Nothing like a big media deal to spark commentary from the media. And indeed, there's been no shortage of reaction -- from praise to pillory -- to AOL's decision to purchase upstart news site The Huffington Post for $315 million, mostly in cash.

Sanofi-Aventis, Genzyme on the Brink of a Merger

It seems that months of merger talks between French pharmaceutical company Sanofi-Aventis and U.S. biotech Genzyme have entered the home stretch. This week, Sanofi is expected to offer $74 per share for the rare disease drugmaker, with an option included potentially worth $5 to $6 a share.

Nikkei Surges on Steel Merger Plans and Impressive Earnings

Japanese investors were giddy with excitement as positive earnings reports and the announcement of a major merger flooded the news. The Nikkei 225 advanced 1.1% on Friday, while markets in Hong Kong and China remained closed for the Lunar New Year.

M&A Mania: Early 2011 Deals Already Hit a 10-Year High

Companies such as Duke Energy and DuPont are off and running with megamergers early this year. Even Playboy is among the dealers. And market pros say the trend is far from over. Why are so many U.S. companies tying the knot? Fast growth is hard to come by in any other strategy.

Fiat May Raise Its Stake in Chrysler to 51% Before IPO

Fiat CEO Sergio Marchionne said Monday that he could increase Fiat's ownership in Chrysler to more than 50% should America's smallest domestic automaker seek to return to the stock market this year, but that he doesn't plan to merge the companies' operations.

TD Bank to Buy Chrysler Financial from Cerberus

Canada's second largest bank and private equity firm Cerberus Capital Management plan to buy automotive financial products and services company Chrysler Financial for approximately $6.3 billion in cash.

Dell's Planned Low Bid for Compellent Sends Shares Down

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.