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Mergers
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*Group wants to move tax residence to UK from Italy. MILAN, May 21- Truck and tractor maker Fiat Industrial intends to move its tax residence to the UK from Italy after its planned merger with unit CNH, according to a filing with U.S. regulators, a move that would lower its tax bill.
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Sudeep Ghai, founder of Athena Aviation, tells CNBC why US Airways' leadership was right to take control of the new company after their merger with American Airlines.
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WASHINGTON, Feb 14- Senate Commerce Committee Chairman Jay Rockefeller on Thursday said he was concerned that a proposed merger between bankrupt American Airlines and U.S. Airways Group could hurt consumers by reducing competition and boosting fares. "We will review the proposed merger of American Airlines and US Airways very closely.
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Senators said on Thursday they will hold a hearing on the antitrust implications of a planned merger between US Airways Group and AMR Corp, the parent of American Airlines.
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Feb 13- US Airways Group Inc has spent years looking for a merger partner only to be turned away and labeled the "ugly girl" amid a wave of U.S. airline industry consolidation. Still, US Airways was caught off guard when American's parent AMR Corp filed for bankruptcy in November that year.
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*AMR, US Air boards approve merger, deal announcement Thurs. NEW YORK, Feb 13- The boards of AMR Corp and US Airways Group Inc each met on Wednesday to approve a merger that would create the world's largest airline with an expected market value of around $11 billion, people familiar with the matter said. US Airways shareholders will own the rest.
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NEW YORK, Feb 13- The boards of AMR Corp and US Airways Group Inc separately met on Wednesday to approve a merger that would value the combined company at around $11 billion, people familiar with the matter said. The all-stock merger would give AMR creditors 72 percent of ownership in the merged entity and US Airways shareholders the rest, the people said.
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NEW YORK, Feb 13- The boards of AMR Corp and US Airways Group separately met on Wednesday and approved a merger agreement, a person familiar with the matter said.
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NEW YORK, Feb 13- The unsecured creditors committee of bankrupt American Airlines parent AMR Corp has approved an $11 billion merger agreement with US Airways Group Inc, people familiar with the matter said on Wednesday. The merger would give AMR creditors 72 percent of ownership in the combined company and US Airways shareholders the rest, the people said.
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Unsecured creditors of American Airlines parent AMR have approved an $11 billion merger with US Airways, sources said. The deal is expected to be announced Thursday.
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*Deal worth $11 bln- sources. Feb 13- The unsecured creditors committee of bankrupt American Airlines parent AMR Corp has approved an $11 billion merger with US Airways Group Inc, sources familiar with the situation said on Wednesday. The merged company will have a board of 12 members: four from US Airways, three from AMR and five to be designated by the AMR creditors.
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Feb 13- Duke Energy Corp reported its second consecutive quarterly rise in profit on Wednesday following its acquisition of rival Progress Energy last summer. The largest power company in the United States said net income for the fourth quarter was $586 million, or 62 cents per share, compared with $333 million, or 65 cents per share, a year earlier.
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LONDON, Feb 13- US Airways' expected move to the oneworld alliance as part of its proposed merger with American Airlines would be part of a comeback by oneworld, which has lost members and fallen behind rivals Star Alliance and SkyTeam in recent years.
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Dell's $24.4 billion buyout deal, led by founder and Chief Executive Michael Dell, is in the best interest of shareholders, the company's board of directors said in a filing with the U.S. SEC.
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Arthur Calavritinos, portfolio manager at ANC-Capital, tells CNBC why the potential merger between American Airlines and US Airways is a positive development for the airline industry.
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US Airways Group and AMR are nearing an $11 billion merger that would create the world's largest airline and could announce a deal within a week, people familiar with the matter said.
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NEW YORK, Feb 9- US Airways Group Inc and AMR Corp are nearing an $11 billion merger that would create the world's largest airline and could announce a deal within a week, after resolving key differences on valuation and management structure, people familiar with the matter said.
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NEW YORK, Feb 8- Constellation Brands Inc asked to be joined as a defendant in the U.S. government's lawsuit to block Anheuser-Busch InBev's proposed takeover of Corona beer maker Grupo Modelo, seeking to protect its own interests in the mega merger.
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*Post-merger IPO to include Paris wheat and rapeseed. LONDON, Feb 8- ICE plans to spin off thriving Paris- based agricultural commodity contracts and may also have to sell London soft commodity contracts if its acquisition of NYSE Euronext goes through.
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NEW YORK/ ATLANTA, Feb 7- AMR Corp creditors plan to meet on Monday to potentially vote on a merger agreement between the bankrupt parent of American Airlines and US Airways Group Inc, several people familiar with the matter said.
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Feb 7- An investment adviser to shareholders holding about 7.5 million shares of MetroPCS Communications Inc said it intends to vote against the company's proposed merger with T-Mobile USA due to the deal valuation and debt levels that come with it.