Mergers and Acquisitions

Yahoo Sets Deadline For Suitors

Yahoo Inc. has given potential suitors two weeks to submit preliminary bids for its core Web business and Asian assets, according to people familiar with the matter.

Starwood Agrees to Sweetened Merger With Marriott

Starwood Hotels & Resorts Worldwide said it had agreed to a sweetened $13.6 billion deal with Marriott International on Monday, trumping last week's boosted bid from Chinese insurer Anbang Insurance Group.

New Tax Rules Are Met With Protest

A day after the Obama administration limited the ability of U.S. companies to do international deals to lighten their tax burdens, Pfizer and Allergan terminated their planned $150 billion merger and other companies around the globe raced to assess the impact of the new rules.