Allergan sued Valeant Pharmaceuticals and Pershing Square Capital, alleging both acted inappropriately in their hostile $53 billion bid.» Read More
French telecoms operator Iliad has made a $15 billion bid to purchase more than half of T-Mobile USA, countering an earlier offer by Sprint.
WASHINGTON— Opponents of a plan to break up Washington's nearly 150- year-old Corcoran Gallery of Art presented two alternatives in court this week to preserve the independent museum and art school as a judge considers its proposed merger with two larger institutions.
July 30- Journal Communications Inc. and E.W. Scripps agreed to merge broadcast operations and spin off their newspaper businesses into a new publicly traded entity, the media companies said late on Wednesday. The newly formed newspaper entity would combine Scripps' newspapers in 13 markets with Journal Communications' flagship Milwaukee Journal Sentinel.
Journal Communications, Scripps Co. announce deal to merge broadcast, spin off newspapers US economy grew at strong 4 percent rate in second quarter after sharp contraction in winter Fed slows bond buying further but provides no clear signal on timing of first rate hike Argentina heads into second default in 13 years as talks with US creditors break down Argentines shrug off risk of default, seeing no repeat of 2001 crisis Stock market ends flat after Federal Reserve delivers no surprises with latest stimulus cut Bank scandal blackens name of powerful Portuguese family, possibly ruins international empire US judge fines Bank of America $1.3 billion for its role in selling risky mortgages Whole Foods to launch first national marketing campaign as sales growth slows Sanctions on Russian banks, oil technology seen causing real economic damage if left in place
MILWAUKEE— Journal Communications Inc. of Milwaukee and E.W. Scripps Co. of Cincinnati have an agreement to merge broadcasting operations while spinning off newspaper holdings into a separate public entity, the companies announced late Wednesday.
MILAN— Italian carmaker Fiat SpA, which controls Chrysler, on Wednesday said second-quarter profits dropped by more than a half due to lower performance in North and Latin America. Fiat, whose shareholders vote Friday on the merger with Chrysler, said net profit was 197 million euros, compared with 435 million euros in the same period last year.
WASHINGTON/ NEW YORK, July 29- The long-anticipated merger of Sprint Corp and T-Mobile US Inc is not expected to occur before September, with the companies continuing due diligence and preparing a detailed case for a deal before U.S. regulators, according to people familiar with the matter.
Dissecting the consolidation of Dollar Tree and Family Dollar, with Gene Urcan, Cappello Group, and the "Closing Bell" panel.
Activist investor Carl Icahn said he is hopeful more potential buyers will surface for Family Dollar.
*Dollar Tree offers to buy Family Dollar for $9.2 bln. *While merger and acquisition activity supported the market, there have been a number of high-profile earnings disappointments this quarter, including from Amazon.com and Caterpillar last week.
*Lafarge confirms 2014 targets, says forex hit to lessen. PARIS, July 25- Cement maker Lafarge said on Friday it was well on track for its planned merger with Swiss peer Holcim and was seeing the first signs of recovery in Europe. Lafarge shares rose after the group said it was confident of completing its deal with Holcim in the first half of 2015..
*Lafarge confirms 2014 targets, says forex hit to lessen. PARIS, July 25- Cement maker Lafarge, which is preparing to merge with Swiss peer Holcim, stuck to its full-year targets on Friday and said it was seeing the first signs of recovery in Europe.
MILAN/ LONDON, July 24- PSA Peugeot Citroen and Fiat Chrysler denied a Financial Times report on Thursday that the companies were preparing a merger to create the world's fifth-largest carmaker.
SodaStream International is in talks with a firm about taking the company private, Bloomberg reported on Thursday.
*Adj Q2 profit of $1.98 a share compares with $1.95 estimate. American, the largest airline by traffic, which was formed from the late 2013 merger of US Airways and AMR Corp, declared a dividend of 10 cents a share for shareholders of record Aug. 4.
AT&T CEO SAYS BRAZIL'S ANTITRUST REGULATOR APPROVED WITHOUT RESTRICTIONS DIRECTV MERGER.
The U.S. appliance maker said its sales in China plummeted 80 percent last quarter as retailers in that country, anticipating its pending merger with Hefei Rongshida Sanyo Electric Co and the new line the merged entity will produce, stopped buying Whirlpool-branded products.
July 22- Omnicom Group Inc, the No.1 U.S. advertising company, said it was sticking with its annual organic revenue growth target, showing little effect from its aborted $35 billion merger with France's Publicis Groupe. Omnicom shares, which have gained 9 percent since the deal fell apart in May, rose as much as 1.4 percent on Tuesday.
CIT Group is buying regional bank OneWest Bank in a $3.4 billion cash-and-stock deal.
NEW YORK— CIT Group will buy privately owned OneWest Bank in a $3.4 billion cash-and-stock deal. IMB shareholders will receive $2 billion in cash and 31.3 million CIT Group shares that are currently valued at $1.4 billion. OneWest will merge with CIT Group's banking subsidiary CIT Bank, and all locations will operate under the CIT Bank sign.