merger

Northeast Utilities Buying NSTAR in No-Premium Deal

Northeast Utilities is buying NSTAR for about $4 billion in a no-premium deal. The companies agreed to a stock-for-stock merger of equals with a total enterprise value of $17.5 billion to create a company with nearly 3.5 million electric and gas customers -- over half of the customers in New England.

Report: AOL Preparing Possible Acquisition of Yahoo

AOL is reported to be collaborating with private equity firms to explore a possible Yahoo takeover attempt. In theory, an AOL-Yahoo deal would position the merged company to compete for online advertising dollars more effectively.

Bain Capital to Buy Gymboree for $1.8 Billion

Children's clothing retailer Gymboree (GYMB) has agreed to be acquired by private-equity firm Bain Capital Partners for $1.8 billion in an all-cash deal, the companies said Monday.

Clorox May Sell Auto Care Brands for $800 Million

Cleaning-products maker Clorox Co. (CLX) is in talks to sell its auto-care brands STP and Armor All to private equity firm Avista Capital Partners for as much as $800 million. The sale may be announced in the coming days, Bloomberg News reported without naming its sources. JPMorgan Chase (JPM) has been advising Clorox on the deal.

Sanofi Is in No Rush to Reach Deal With Genzyme

Sanofi-Aventis CEO Chris Viehbacher said Wednesday that he believes his French pharmaceutical company will eventually buy U.S. biotech company Genzyme at a reasonable price. However, he expects it will take some time to agree on a deal, and he won't rush into anything.

Wilbur Ross, Carlyle Will Buy Ireland's Education Savings Bank

Investor Wilbur Ross will buy Ireland%u2019s troubled Education Savings Bank as part of a consortium with private equity outfit Carlyle and Dublin-based Cardinal Group. The consortium will close the deal for the bank, which has about $15 billion in deposits, as soon as next week, Ross told CNBC.

CNBC Anchor's Book Is a Fly on the Wall for Lehman's Fall

This week marks the second anniversary of an event that shook the financial industry to its core. In her newly released book, 'The Weekend that Changed Wall Street,' CNBC anchor Maria Bartiromo gives an insider's look at the fateful days surrounding the fall of Lehman Brothers.

Legal Briefing: BofA/Merrill Lynch Lawsuit Moves Ahead

The SEC settled its case against Bank of America for failing to disclose Merrill Lynch's losses and bonus plans before their merger, but BofA shareholders are still seeking justice. On Friday, a judge refused to dismiss their claims, meaning they'll get their chance at a trial.

Hewlett-Packard Tops Dell's Bid to Acquire 3Par

Hewlett-Packard (HPQ) on Monday went head-to-head with rival Dell (DELL) as it said it has submitted a proposal to acquire storage solutions technology company 3PAR (PAR). Exactly a week ago, Dell said it has agreed to buy 3Par.

Aon Buys Hewitt for $4.9 Billion

Aon Corp. and Hewitt Associates announced Monday that the boards of directors of both companies have approved a definitive agreement under which Hewitt will merge with a subsidiary of Aon.

U.K. Hedge Fund Plans Big Push in the U.S.

The acquisition by British hedge fund giant Man Group of rival firm GLG Partners not only catapults the firm to the top of the hedge fund league, but sets the stage for a likely big push into the U.S. market.

...But Some Frequent Fliers Could Be Pleasantly Surprised

Separately, United and Continental's frequent flier programs are among the most robust loyalty programs in the business, allowing passengers to earn and spend miles in a variety of ways. Combining the two will create a powerhouse program.

Wall Street Predicts the Bull Market May Keep Charging

Is the bull back? Strong earnings, growing merger activity and an improved macroeconomic outlook could give the bull market plenty of room to run. The forecast will become clearer this week, when several key economic and earnings reports are scheduled to come out.

Airline Mergers Aren't Likely to Make Fares Soar

If US Airways and United Airlines combine, it might make the new company stronger. It might also lead to a few more customer-service hassles. What it probably won't do is cut seats and send ticket prices into the stratosphere.

Senator Al Franken Rips NBC-Comcast Merger

Led by Senator Al Franken, lawmakers on Thursday clashed with top execs at Comcast and NBC Universal over their claim that the media giants' proposed $30 billion merger would benefit the public. But despite calling for "strong conditions" on the deal, legislators seemed likely to let it pass.

Comcast: "One Rung Above Enron and Blackwater"?

The nation's largest cable company tells the federal government that its proposed merger with NBC Universal will benefit the public. That claim was immediately denounced by critics, including one consumer advocacy group that called the cable giant's argument "positively Orwellian."

EU Approves $7.4 Billion Oracle-Sun Merger

The European Union has spoken. The EU's support of Oracle Corp.'s $7.4 billion acquisition of Sun Microsystems Thursday didn't come as a big surprise but it is no doubt a key moment for the industry -- especially for Sun, the fourth largest maker of server computers.

Hershey Is Finally Ready to Bid for Cadbury

After weeks of sitting on the sidelines while Cadbury played cat-and-mouse with Kraft Foods, Hershey is finally ready to make a bid for the U.K.-based chocolate maker. Sources close to the Hershey board say that the company will bid $17.9 billion for Cadbury.

Exxon Launches Energy's Next Mega-Trend

The industry is poised for yet another revolution, triggered by ExxonMobil's $41 billion purchase of XTO. It's a clear sign that future growth in extractive energy will come from sources other than oil -- such as natural gas. Expect other oil majors to follow suit.