Money Matters - Simplified

Mergers & Acquisitions

Xstrata seeks merger with Anglo American

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).

Porsche still in talks with QIA

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.

BlackRock to buy Barclays unit

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.

Supreme Court approves the Chrysler-Fiat alliance

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.

Chrysler-Fiat deal: Ball in Supreme Court’s court

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.

Chinese Tengzhong to acquire GM’s Hummer

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.

EMC makes $1.8 billion bid for Data Domain

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.

Chrysler gets judge’s approval for sale of assets to Fiat

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.

Monday likely to be the D-Day for Chrysler

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.

Fiat, Magna race for Opel

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.