Sep. 13, 2010 at 4:47 p.m.
Filed under:
Airlines,
Economy,
Jobs/employment,
M&A
By Julie Johnsson
United and Continental Airlines agreed on Monday to maintain a hub in Cleveland for at least five more years, as Ohio Attorney General Richard Cordray ended his antitrust investigation of the mega-merger.
The announcement clears one of the last remaining roadblocks to the tie-up, which will create the world’s largest carrier. The Justice Department, which had been expected to provide the closest scrutiny of the deal, concluded its antitrust probe last month.
United and Continental shareholders will vote on Friday to formally approve the financial union of the two airlines. The deal is slated to close on Oct. 1, when Continental CEO Jeff Smisek will become chief executive of the new United. Get the full story »
Sep. 13, 2010 at 8:44 a.m.
Filed under:
M&A,
Pharmaceuticals
By Associated Press
Genzyme Corp. said Monday that it is selling its genetic testing business to Laboratory Corp. of America Holdings for $925 million so it can focus on its core growth areas.
Sep. 13, 2010 at 5:53 a.m.
Filed under:
Autos,
M&A,
Tourism,
Travel
By Associated Press
Dollar Thrifty has accepted a new bid of about $1.43 billion from Hertz, which is battling Avis for the rental car company.
Sep. 10, 2010 at 2:56 p.m.
Filed under:
Airlines,
M&A
By Associated Press
Fitch Ratings upgraded United Airlines Inc. and its parent UAL Corp. before the closing of a tie-up with Continental Airlines Inc.
Sep. 9, 2010 at 4:04 p.m.
Filed under:
Bank failures,
Banking,
M&A,
Management
By Associated Press
Some say the wave of bank consolidation seen in the last two decades is over, but an outspoken analyst who developed a formula for identifying banks that could be takeover targets on Thursday listed 17 he says are ripe, including Chicago-based MB Financial. Get the full story »
Sep. 8, 2010 at 4:17 p.m.
Filed under:
M&A,
Retail
By Associated Press
Convenience store operator 7-Eleven Inc. is the mystery bidder for Casey’s General Stores Inc. trying to top a Canadian rival, according to a published report. Get the full story »
Sep. 8, 2010 at 9:00 a.m.
Filed under:
Insurance,
M&A,
Manufacturing
By Becky Yerak
Two Chicago-based companies – a railroad freightcar maker and an insurance brokerage – announced acquisitions Wednesday morning. Get the full story »
Sep. 8, 2010 at 6:02 a.m.
Filed under:
International,
M&A,
Pharmaceuticals
By Dow Jones Newswires
Abbott Laboratories Wednesday said it closed the acquisition of Piramal Healthcare Ltd.’s generic drugs unit. In May, Abbott had agreed to buy Piramal’s healthcare solutions business for about $3.7 billion, Abbott Laboratories said in a statement.
Sep. 8, 2010 at 5:51 a.m.
Filed under:
International,
M&A,
Trade
By Reuters
EU regulators will review a bid by bug spray maker S.C. Johnson to purchase Sara Lee Corp.’s remaining insecticide business at the request of national watchdogs, the European Commission said on Wednesday. Sara Lee announced the $200 million deal in June as part of a strategy of focusing on selling food, coffee and tea. Get the full story »
Sep. 7, 2010 at 4:55 p.m.
Filed under:
Airlines,
Investigations,
M&A,
Technology,
Travel
By Reuters
The U.S. Justice Department is looking into allegations that Google Inc’s purchase of airline ticketing firm ITA Software Inc will cost rivals access to data they need to compete with the search giant as it moves into the travel market, sources familiar with the probe said. Get the full story »
By Emily Bryson York
Northfield-based Kraft Foods Inc. confirmed Tuesday that Mary Beth West, its chief marketing officer, has also taken on the role of chief category officer.
West has served as marketing chief for three years, and will now head the gum, candy, chocolate and business global category teams, along with Kraft’s multi-billion-dollar marketing division. She will continue reporting to chief executive officer Irene Rosenfeld.
Kraft confirmed West’s promotion, but did not provide further comment. Get the full story »
Sep. 7, 2010 at 3:33 p.m.
Filed under:
Agriculture/Farming,
International,
M&A
From The New York Times | Potash Corp. of Saskatchewanon put up several videos of William Doyle, its chief executive, on Tuesday, to explain why shareholders are better off sticking with the company than flocking to BHP’s offer.
Sep. 7, 2010 at 8:57 a.m.
Filed under:
M&A,
Magazines,
Media
By Reuters
The Playboy Enterprises Inc. special board committee tapped to evaluate Hugh Hefner’s offer to take the company private said Tuesday it retained Raine Securities LLC and Kaye Scholer LLP as its financial and legal advisors, respectively. Get the full story »
Sep. 3, 2010 at 10:05 a.m.
Filed under:
International,
M&A,
Pharmaceuticals
By Associated Press
Drug and medical device firm Abbott Laboratories says it has abandoned plans to sell its vaccines unit, less than three months after exploring sales talks with rival companies. Get the full story »
Sep. 2, 2010 at 5:16 p.m.
Filed under:
Consulting,
M&A
By Associated Press
Hewitt Associates completed its acquisition of investment advisory firm EnnisKnupp, the company said Thursday.
Terms of the deal, first announced July 20, have not been disclosed.
