Mergers & Acquisitions

Spain nips USA in water polo semifinals Fri, 31/07/2009 - 11:26 by preet_20 Rome, July 30: Guillermo Molina put his team in front with 3:38 left Thursday and Spain went on to nip the United States 7-6 in the World Water Polo Championship semifinals. The Americans were trying to improve on the silver medal they won at last year's Olympics, but can now do no better than the bronze. The United States will take on Croatia in the third-place match Saturday. Spain will meet Serbia for the gold after Serbia edged Croatia 12-11. The United States took a 2-0 lead in the semifinals and did not trail until Molina gave Spain a 5-4 advantage with 2:59 remaining in the third period. Team USA tied it at 6-6 with 4:19 to go in the fourth on a goal by Timothy Hutten. Comments Read more	Xstrata seeks merger with Anglo American Mon, 22/06/2009 - 17:17 by Jamie Anderson 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). Comments Read more	Porsche still in talks with QIA Wed, 17/06/2009 - 21:33 by Jamie Anderson 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. Comments Read more
BlackRock to buy Barclays unit Fri, 12/06/2009 - 11:52 by Jamie Anderson 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. Comments Read more	Supreme Court approves the Chrysler-Fiat alliance Wed, 10/06/2009 - 14:58 by Jaspreet Virk 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. Comments Read more	Chrysler-Fiat deal: Ball in Supreme Court’s court Mon, 08/06/2009 - 16:29 by Jamie Anderson 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. Comments Read more
Chinese Tengzhong to acquire GM’s Hummer Wed, 03/06/2009 - 11:56 by Jamie Anderson 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. Comments Read more	EMC makes $1.8 billion bid for Data Domain Tue, 02/06/2009 - 17:42 by Neka Sehgal 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. Comments Read more	Chrysler gets judge’s approval for sale of assets to Fiat Mon, 01/06/2009 - 18:03 by Samia Sehgal 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. Comments Read more
Monday likely to be the D-Day for Chrysler Sat, 30/05/2009 - 12:17 by Jamie Anderson 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. Comments Read more	Fiat, Magna race for Opel Thu, 28/05/2009 - 16:43 by Jamie Anderson 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. Comments Read more	PetroChina acquires 45.5 percent stake in SPC Mon, 25/05/2009 - 11:22 by Jamie Anderson Beijing, May 25: Asia's largest oil and gas producer, PetroChina Company Limited (SEHK: 0857, SSE: 601857, NYSE: PTR) has agreed to acquire a 45.5 percent stake in the Singapore Petroleum Company Limited (SGX: S99) for a sum of $1.47 billion. Comments Read more