Cape Town, South Africa, June 22: In talks that are said to be at a preliminary stage, Anglo-Swiss miner Xstrata PLC (LSE: XTA; TSX: FAL) has made a gallant merger attempt with rival Anglo American PLC (LSE: AAL; JSE: ANGLO; NYSE: AAUK).
Dubai, June 17: Qatar will reveal the outcome of the parleys with Porsche SE (Xetra: PAH3, FWB: PAH3), which are primarily centered around the size of the stake that the government will buy in the besieged German sports car maker, in two to three weeks.
New York, June 12: BlackRock (NYSE: BLK) announced Thursday that it has agreed to acquire Barclays Global Investors (BGI) and the iShares ETF platform from the British banking giant Barclays PLC (NYSE: BCS) in a cash and stock deal worth nearly $14 billion.
New York, June 10: In a move to revive the troubled Detroit automaker Chrysler, the U.S. Supreme Court cleared the way for the transfer of its assets and management control to Italian carmaker Fiat.
New York, June 8: In a last minute bid to block the sale of Chrysler LLC to Italy's Fiat SpA (BIT: F), a group of Indiana pension funds filed an emergency appeal with the Supreme Court late Saturday.
Detroit, June 3: The once mighty, General Motor Corp. (NYSE: GM), has decided to sell off its Hummer sport-utility vehicle brand to China’s Sichuan Tengzhong Heavy Industrial Machinery Co.
Hopkinton, Massachusetts, June 1: Data storage giant EMC Corp. (NYSE:EMC) has offered to pay $1.8 billion for Data Domain (NASDAQ:DDUP), outdoing a bid by NetApp (NASDAQ:NTAP) to buy the company for $1.5 billion two weeks ago on May 20, 2009.
New York, June 1: U.S. automaker Chrysler has won the approval of a federal bankruptcy judge to sell off most of its assets to a new entity led by Fiat of Italy.
New York, May 30: The world will have to wait until Monday to see whether a “New Chrysler” run by Italy's Fiat SpA (BIT: F) and jointly owned by Fiat, a union benefit trust, the U.S. Treasury and the Canadian government comes into existence or not.
Berlin, May 28: It's climax time for Adam Opel GmbH, popularly known as Opel. The race to gobble down the General Motor Corp’s (NYSE: GM) German unit has narrowed down considerably, with only two automakers in the takeover fray.