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Mergers & Acquisitions

Justice Department sues to thwart AT&T, T-Mobile deal

Thu, 01/09/2011 - 16:27 by Neka Sehgal

The U.S. Department of Justice (DOJ) filed a civil antitrust lawsuit in the federal court Wednesday to thwart AT&T's proposed $39 billion takeover of T-Mobile USA.

Skype in talks to acquire start-up GroupMe

Mon, 22/08/2011 - 16:05 by Anter Prakash Singh

In a move to carve a niche for itself in the burgeoning group messaging serviec market, Skype has agreed to takeover start up GroupMe.

Duke LifePoint to takeover PMH

Mon, 22/08/2011 - 15:18 by Swati Thakur

Duke LifePoint Healthcare, is a joint venture of Duke University Health System, Inc. and LifePoint Hospitals, is acquiring Person Memorial Hospital (PMH).

While the terms and conditions have yet not been disclosed, the transaction will be subject to revie

News Corp sells off ‘MySpace’

Thu, 30/06/2011 - 13:01 by Rahul K. Chaudhary

In a deal influenced by its loss in Q2 of 2011, the world's third-largest media corporation, Murdoch's News Corp has sold its social networking site MySpace to Specific Media, an online advertising company.

Coca-Cola FEMSA, Grupo Tampico to merge in $790mn deal

Wed, 29/06/2011 - 16:08 by Rahul K. Chaudhary

Grupo Tampico, a Mexican bottler, is all set to merge with the world’s leading coke bottler, Coca-Cola FEMSA, in a $790 million (9.3 billion pesos) share-cum-cash agreement, Coca-Cola FEMSA announced Tuesday.

Auction of the Century: Nortel’s patents sale starts Monday

Sun, 26/06/2011 - 11:49 by Rahul K. Chaudhary

The Intel Corp. has gained approval from the Justice Department of Federal Trade Commission (FTC) to bid on the pot of around 6,000 patents held by the waning Nortel Networks Corp., a firm that was soaring in the late 1990s.

Go Daddy to be acquired by KKR, Silver Lake

Sat, 25/06/2011 - 00:12 by Rahul K. Chaudhary

In a deal pegged around $2 billion, the private equity firms KKR and Silver Lake are reportedly in talks to takeover Go Daddy, the world’s largest ICANN-accredited registrar.

Howard Energy Partners set to acquire Texas Pipeline and Bottom Line Services

Thu, 23/06/2011 - 15:15 by Anter Prakash Singh

Howard Energy Partners (HEP) announced today that the company is all set to acquire assets in the Eagle Ford Shale for a total consideration of $76 million.

Eagle Ford Formation which is also known as the Eagle Ford Shale is a formation of sedimentary rock

Oracle acquires FatWire to enhance Cloud Engagement

Thu, 23/06/2011 - 10:41 by Rahul K. Chaudhary

In a deal likely to strengthen its foothold in cloud management solutions, the Redwood Shores’ Oracle Corporation has acquired FatWire Software, a software manufacturing firm specializing in enhancing users’ Web experience.

Frontier Oil seeks voluntary delisting from New York Stock Exchange

Tue, 21/06/2011 - 16:27 by Anter Prakash Singh

The Frontier Oil Corporation announced on Monday that it has given a notice to the New York Stock Exchange informing about its intention to voluntarily delist from the common stock of the exchange till the closure of the merger of the company with Holly Corporation, the fourth largest refiner in the U.S.

Frontier, which was established as Wainoco Oil in 1949, has grown into a refining and marketing comp

Calpine Closes $360 Million Senior Secured Term Loan

Sun, 19/06/2011 - 12:09 by admin

Calpine Corp. (NYSE: CPN) announced today that it has closed on a $360 million first lien senior secured term loan ("Term Loan"). The Term Loan, which amortizes at a rate of 1% per year, bears interest at LIBOR plus 3.25% per annum (subject to a LIBOR floor of 1.25%) and matures in 2018.

Calpine utilized the proceeds of the Term Loan to retire credit agreements totaling $340.4 million b

Capital One acquires ING Direct USA

Sat, 18/06/2011 - 17:22 by Rahul K. Chaudhary

Aspiring to strengthen its foothold in online banking sector, Capital One Financial Corporation, has acquired ING Direct USA in a $9 billion stock-plus-cash Thursday deal.