All Posts Tagged With: "buyout"
Citigroup Concedes Wachovia to Wells Fargo
The much-ballyhooed battle between Citigroup Inc. (C) and Wells Fargo & Co. (WFC) ended with a whimper Friday, as Citi gave up its pursuit of the assets of Wachovia Corp. (WB) – the Charlotte-based lender that was undermined by its…
13Oct2008 | Money Morning | 0 comments | ContinuedSwitzerland’s Roche Makes $43.7 Billion Offer for U.S. Biotech Pioneer Genentech
Roche Holding Ltd. (OTC ADR: RHHBY) yesterday (Monday) announced a $43.7 billion offer for the 44% of Genentech Inc. (DNA) it doesn’t already own.
Switzerland-based Roche’s $89 per share cash offer is almost a 9% premium over San Francisco-based Genentech’s Friday closing price.…
22Jul2008 | Money Morning | 0 comments | ContinuedCalpine Rejects NRG Takeover Bid
A merger that would have united the two largest U.S. independent power producers has hit a roadblock.
Calpine Corp. (CPN) has rejected NRG Energy Inc.’s (NRG) initial offer, saying the 0.534 shares for each share of Calpine’s approximately 500 million shares…
2Jun2008 | Money Morning | 0 comments | ContinuedShares of Canada’s BCE Plunge After Investors Learn Proposed LBO is in Jeopardy
Shares of BCE Inc. (BCE) suffered their biggest downdraft in at least a quarter century yesterday (Thursday), after an unexpected court ruling threatened to derail a $53.9 billion leveraged buyout (LBO).
A collapse would make it the biggest LBO ever to…
23May2008 | Money Morning | 0 comments | Continued
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