Mergers & Acquisitions

Morgan Stanley to handle sale of Treasury's stake in Citigroup Tue, 30/03/2010 - 14:59 by Ishita Sood The Treasury Department announced on Monday that investment banking firm Morgan Stanley will handle the sale of government’s stake in Citigroup Inc. A Treasury spokesperson said that the agreement would be made public later this week. Comments Read more	UPDATE: China’s Geely buys Volvo for $1.8 bln Sun, 28/03/2010 - 21:57 by Samia Sehgal Chinese carmaker Zhejiang Geely Holding has signed a deal to buy the troubled Volvo Cars from U.S. auto giant Ford for $1.8 billion. Comments Read more	Geely, Ford close to inking Volvo acquisition deal Sun, 28/03/2010 - 15:07 by Jaspreet Virk Zhejiang Geely Holding Group is all set to ink a deal with Ford Motor Co. to acquire its Sweden-based Volvo car unit. Comments Read more
Time Warner to bid $1.5B for MGM Tue, 23/03/2010 - 15:47 by Jaspreet Virk In a move to take over the struggling Metro-Goldwyn-Mayer Inc. (MGM), Time Warner Inc. is planning to bid $1.5 billion for MGM studios. Comments Read more	Teva wins race to acquire German-based Ratiopharm Thu, 18/03/2010 - 17:40 by Jaspreet Virk Ending almost a yearlong battle to takeover German generic drugmaker Ratiopharm GmbH, Israel's Teva has emerged as the winner. Comments Read more	Simon revising takeover bid for General Growth Wed, 17/03/2010 - 12:23 by Jaspreet Virk In a move to overcome the plan proposed by rival General Growth investors, Simon Property Group is considering to raise its $10 billion offer to takeover General Growth Properties. Comments Read more
Phillips-Van Heusen to finalize deal with Tommy Hilfiger Mon, 15/03/2010 - 15:22 by Ishita Sood Retail apparel giant Phillips-Van Heusen Corp. is almost close to finalizing a deal with fashion brand Tommy Hilfiger for roughly $3 billion, according to people familiar with the matter. Comments Read more	BP to buy $7bn assets from Devon Thu, 11/03/2010 - 17:17 by Ishita Sood BP Plc, Europe’s largest oil company, will buy Brazilian, Azeri, and Gulf of Mexico assets from Devon Energy for a total cost of $7 billion, the company announced Thursday. Comments Read more	AIG's $15.5bn sale to MetLife raises US stocks Tue, 09/03/2010 - 12:25 by Ishita Sood U.S. stocks rose on Monday after American International Group Inc. announced the sale of its unit Alico along with Sprint Nextel Corp to MetLife Inc. for $15.5 billion. The deal was made to augment revenue growth in the coming quarters. Comments Read more
Elliot offers to buy Novell Inc. for $2bn; Novell stock surge Wed, 03/03/2010 - 12:01 by Ishita Sood Investment firm Elliott Associates LP offered to buy the business of Novell Inc. for $2 billion on Tuesday. Shares of Novell jumped 28 percent after the news. Comments Read more	GM pledges 1.9 billion euros to restructure Opel, Vauxhall Tue, 02/03/2010 - 17:44 by Jaspreet Virk In a move to turnaround its struggling Opel and Vauxhall units, General Motors (GM) said Tuesday that it would triple the funding in these units. Comments Read more	AIG sells Asian insurance business to Prudential PLC Tue, 02/03/2010 - 12:44 by Ishita Sood American International Group Inc. (AIG) sold its Asian life insurance business to Prudential PLC of Britain on Monday. The deal was inked for $35.5 billion and is reportedly the largest insurance takeover so far. Comments Read more