mergers

Will AT&T T-Mobile = Bad Customer Service?

What happens when you merge the worst in class with the best in class? AT&T's proposed $39 billion acquisition of T-Mobile USA may be good news for investors, but it will likely mean a drop in service for customers, experts say.

Spring Is in the Air for Retail M&A

Retailers are getting back to business after the recession and showing stronger earnings, making them attractive targets for private equity investors -- and each other.

Is News Corp About to Unfriend Money-Losing MySpace?

Social networking pioneer MySpace could find itself going solo again soon. Its owner, News Corp, is considering a potential sale or spin-off of the social network as it looks for a way to stem the tens of millions of dollars in losses it's taking from the unit, according to a Bloomberg report.

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.

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.

U.S. Bancorp to Buy Bank of America's Trust Division

U.S. Bancorp agreed to pay as much as $35 million in cash for Bank of America's securitization trust administration units in the U.S. and Europe. The deal is part of the U.S. Bank parent company's efforts to expands its corporate trust business.

GE Buys Dresser for $3 Billion

General Electric said Wednesday it would buy Dresser Inc., an energy infrastructure provider, for $3 billion, the latest in a series of deals and contracts from the U.S. conglomerate.

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.

AirTran Shares Spike 65% on Southwest Deal

Southwest Airlines, one of the earliest discount airlines, will buy rival AirTran -- another sign of consolidation in an industry that has witnessed the mergers of Northwest with Delta and United with Continental over the last two years.

Air Products Lifts Airgas Offer to $65.50 a Share

Air Products & Chemicals (APD) has raised its bid for Airgas (ARG) to $65.50 a share in an all-cash offer. The latest offer represents a 50% premium above Airgas' closing stock price on Feb. 4, the day prior to Air Products submitting its first acquisition plan, Air Products said Monday in a written statement.

HP Tops Dell's Bid in Battle for 3Par

Hewlett-Packard raised the stakes once again in its bidding war with Dell over data-storage company 3Par, offering $1.8 billion and topping Dell's own higher bid made earlier in the day.

Pactiv Agrees to Be Bought By Reynolds Group for $6 Billion

Packaging company Pactiv Corporation (PTV) agreed to be purchased by Reynolds Group Holdings Ltd in a deal worth about $6 billion. Pactiv shareholders will receive $33.25 in cash for each share of Pactiv common stock, a premium of about 39% over the stock%u2019s closing price on May 14, 2010, Pactiv said in a statement. The deal should be completed by the end of 2010, subject to shareholder and regulatory approval.

Santander Restarts Talks With M&T Over Combining U.S. Operations

Spanish bank Santander (STD) has restarted talks with M&T Bank (MTB) about merging its U.S. operations with the regional bank, based in Buffalo, NY. The two had discussed a similar deal, but talks broke down in May over who would control the new, enlarged business, The Financial Times reported.

HP After Hurd: Just Break Up the Bloated Beast

Ex-CEO Mark Hurd built HP into a sprawling, ungainly mishmash of tech companies, on "one-stop-shop" for info tech that few companies are clamoring for. It's probably better off chopped into three smaller companies that could manage growth more easily on their own.

The Shape of a FriendFinder-Playboy Hook-Up

Playboy has missed the Internet revolution, resulting in a dismal performance for shareholders. Web adult entertainment network and Penthouse owner FriendFinder wants to buy the company for at least $210 million -- a chance for Playboy to get online assets.