Wednesday, April 7, 2010 as of 11:14 AM ET
Mergers and acquisitions (abbreviated M&A) refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or new location, without creating a subsidiary, other child entity or using a joint venture.
Read More at Wikipedia ›Struggling lender Dexia SA (DEXB.
BT) said Thursday that it is in exclusive talks to sell its Turkish Denizbank AS (DENIZ.IS) unit to Russia's biggest bank, OAO Sberbank (SBER.RS), as the once-mighty Belgian-French bank continues to shed off key assets to shore up its balance sheet."Further to a competitive bidding process the Dexia group and Sberbank have decided today to enter into exclusive negotiations with a view to disposing of Denizbank, following the submission by Sberbank of a binding offer," Dexia said in a short statement. "The parties have agreed to achieve, within the shortest possible timeframe, the signing of a purchase and sale agreement. This is for Dexia a major milestone in the execution of its orderly resolution plan announced in the fall of 2011."No financial information was disclosed in Dexia's after-market announcement, but a person familiar with the deal said that it would be worth between $3 billion and $4 billion and "the biggest in Sberbank's history," with de...The European Commission Friday approved DS Smith PLC's (SMDS.LN) acquisition of SCA Packaging, a subsidiary of Swedish paper and hygiene products maker Svenska Cellu...
Hong Kong billionaire Li Ka-shing on Friday pledged to pass the reins of his Cheung Kong Group to elder son Victor Li, his first public comments on the succession pl...
General Electric Co. (GE) said Thursday it will invest 500 million reais ($245.5 million) in a research-and-development center in Rio de Janeiro.The center, which sh...
Peter Cohan of Peter S. Cohan & Associates argues Dell will eventually become obsolete.
Big gun investors John Paulson, Steve Cohen, Anton Schutz and Eddie Lampert all made surprising investment moves this past quarter that investors may want to take no...
Facebook is dead serious about mobile. Today it begins rolling out Facebook Camera for iOS to English-speaking countries, a standalone photos app where you can shoot...
United Technologies Corp. (UTX) has hit the U.S. bond market with a six-part benchmark deal to help it finance its $16.5 billion takeover of Goodrich Corp. (GR).A de...
Applico CEO Alex Moazed on Instagram's boost to app companies and Facebook's lack of application platforms.
United Technologies Corp. (UTX) has hit the U.S. bond market with a six-part benchmark deal to help it finance its $16.5 billion takeover of Goodrich Corp. (GR).A de...
Shares of Pandora (NYSE:P) soared 18% and neared a 52-week high Thursday, a day after the Internet radio giant reported surprising sales and claimed that its U.S. mo...
Kinder Morgan Inc. (KMI) has completed its acquisition of El Paso Corp. (EP) and raised its expectations for cost savings associated with the merger.Kinder Morgan no...
H.J. Heinz Co. (HNZ) scaled back its long-term growth rates slightly as the ketchup-maker plans to invest more into its business amid a challenging global environmen...
The board of troubled Spanish lender Bankia SA [es: bkia] announced Friday that it will seek 19 billion euros ($23.8 billion) from the government in a recapitalizati...
Macke Asset Management’s Jeff Macke on what Facebook needs to do to improve its outlook.
Pearson PLC (PSON.LN), a provider of education, consumer publishing and business information services, Friday acquired GlobalEnglish Corporation from its current own...
Asia's richest man laid out his succession plans Friday, putting his older son at the helm of his business empire and promising his younger son funding to embark on ...
Cliff Asness of AQR Capital Management compares income inequality to income mobility.
'A Nation of Moochers' author Charles J. Sykes weighs in on America's welfare state.
Among the companies with shares expected to actively trade in Friday's session are Delphi Automotive PLC (DLPH), VeriFone Systems Inc. (PAY) and SemTech Corp. (SMTC)...
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