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Mergers and Acquisitions

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  • Banks’ M&A Earnings Drop to Lehman Low Thursday, 27 Sep 2012 | 7:42 PM ET

    Investment bank earnings from mergers & acquisitions and debt and equity capital markets has slowed to a low not seen since the collapse of Lehman Brothers, with 2012 on course to be the worst year for the industry since 2004. The FT reports.

  • Mining

    The $90 billion merger of Glencore and Xstrata is on shaky ground as the two sides struggle to come to terms over the makeup of the combined management team, the New York Times reports.

  • A Hedge Fund’s Complex Scheme May Cost It Millions Wednesday, 26 Sep 2012 | 2:12 AM ET

    Hedge funds are supposed to be the smart money, but sometimes even they can be outsmarted. Take the case of Mason Capital Management and the Telus Corporation, a large Canadian telecommunications company. Mason Capital, a New York and London hedge fund with about $8 billion in assets under management, has made a complex bet in Telus stock that looked shrewd at first, but that may now lose tens of millions of dollars, the New York Times reports.

  • Pedestrians cross a street in Jakarta's modern business district.

    Southeast Asia's most populous nation is on track to become the world's 7th largest economy by 2030, putting it ahead of the developed nations of Germany and the U.K., a new report by McKinsey Global Institute showed Tuesday.

  • BAE-EADS Faces Tougher US 'Firewall' Monday, 17 Sep 2012 | 2:14 AM ET

    BAE Systems will have to agree more rigorous US security arrangements if its 38 billion euros ($49.9 billion) deal to combine with EADS is to pass muster in Washington, a former senior US official has warned, the Financial Times reports.

  • After a third party valuation of their joint venture, Morgan Stanley Smith Barney, came in below $14 billion, Citigroup and Morgan Stanley negotiated a deal that values the unit at $13.5 billion and provides a road map for Morgan Stanley to acquire 100 percent of the firm by June of 2015 based on that value.

  • Questions Raised Over Glasenberg U-Turn Monday, 10 Sep 2012 | 2:00 AM ET
    The Glencore logo seen in front of the Swiss commodities giant's headquarters in Baar.

    Ivan Glasenberg had argued for months that his offer for Xstrata of 2.8 Glencore shares for each of the London-listed miner's was 'generous', now questions have been raised over his climbdown, the FT reports.

  • Bulls Are Running, So—Where Are the Mergers? Sunday, 9 Sep 2012 | 11:20 AM ET
    Negotiating Pay

    The US stock market is sitting at four-year highs, and yet, this bull market has failed to spark a any increase in mergers and acquisitions this year.  What gives?

  • The Man Behind Facebook’s IPO Debacle Tuesday, 4 Sep 2012 | 12:58 AM ET

    David Ebersman is Facebook’s well-liked, boyish-looking 41-year-old chief financial officer. He’s not as well known as Mark Zuckerberg, Facebook’s founder and chief executive, or Sheryl Sandberg, its chief operating officer and recently appointed director but the catastrophic IPO is being laid firmly at his door. The New York Times reports.

  • American Airlines Further Explores Potential Merger Friday, 31 Aug 2012 | 2:40 PM ET

    American Airlines has signed non-disclosure agreements with US Airways and British Airways as the bankrupt carrier further explores merging or selling a stake to another carrier.

  • Hertz Said to Be Close to Buying Dollar Thrifty Saturday, 25 Aug 2012 | 9:06 AM ET
    Hertz

    Hertz Global Holdings is near a deal to acquire the Dollar Thrifty Automotive Group for nearly $2.5 billion, according to a person briefed on the transaction, ending a fierce and protracted merger battle among the nation's largest car rental companies, the New York Times reports.

  • Changes to Money Market Funds Stall Thursday, 23 Aug 2012 | 2:16 AM ET
    A security officer stands outside the U.S. Securities and Exchange Commission headquarters in Washington, D.C., U.S., on Tuesday, May 10, 2011.

    Attempts to make sweeping changes to a popular type of mutual fund that played a central role in the 2008 financial crisis have been derailed, the New York Times reports.

  • Carl Icahn Pulls Offer to Buy CVR Energy Tuesday, 21 Aug 2012 | 5:22 PM ET
    Carl Icahn

    Billionaire investor Carl Icahn pulled his offer to buy oil refiner CVR Energy on Tuesday after earlier winning a $2.6 billion takeover battle for the company.

  • Virgin Threatens to Give Up on UK Rail Thursday, 16 Aug 2012 | 2:26 AM ET
    Richard Branson

    Sir Richard Branson has threatened to pull his Virgin Group out of bidding for any future U.K. rail contracts after losing the lucrative West Coast franchise to FirstGroup, the U.K.’s biggest bus and train operator by revenues, the FT reports.

  • Jin Mao Tower and the Shanghai World Financial Center, in Shanghai.

    Mergers and acquisitions activity in China plunged by a third in the first half of the year, as companies held back on deals amid uncertainty over the world’s second-largest economy.  Still, the number of deals is expected to pick in the second half and set a new record for the full year, according to PricewaterhouseCoopers.

  • EBay Not Spinning Off PayPal: Sources Monday, 13 Aug 2012 | 5:32 PM ET
    eBay headquarters in San Jose, California.

    EBay stock got a pop in afternoon trading amid rumors that the online marketplace was planning to spin off its payment service PayPal but sources close to the matter smacked down the rumors.

  • Struggling Australian steelmaker BlueScope Steel's nearly $1.4 billion joint venture with Japan's Nippon Steel signals the company is on the path to recovery, its CEO Paul O'Malley told CNBC on Monday after the deal was announced.

  • Xstrata reported a sharp fall in profits Tuesday as the miner battled rising costs and falling prices – which is likely to revive the debate surrounding its stalled $60 billion merger with Glencore, the commodities trader.

  • Best Buy

    Best Buy founder and former chairman Richard Schulze offered to buy the struggling retailer for $24 to $26 a share in cash, or about $8.6 billion.

  • Traders work at a Knight Capital Group Inc. post on the floor of the New York Stock Exchange.

    The trading snafu heard round the world – cheekily dubbed the “Knightmare on Wall Street” – has cast new doubts on the automated systems that dominate global exchange trading.

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