Mergers and Acquisitions

Pfizer Terminates Proposed Allergan Takeover

U.S. drugmaker Pfizer and Ireland-based Allergan formally announced the scrapping of their $160 billion merger on Wednesday, in a big win for President Barack Obama who has been pushing to curb tax-slashing "inversion" deals.

U.S. to Challenge Halliburton Deal

The Justice Department is preparing to file a lawsuit to block a proposed merger between Halliburton and Baker Hughes, the most recent sign that a takeover boom is meeting resistance from U.S. regulators and antitrust enforcers.

China's Anbang Ups Offer for Starwood to $14B

China's Anbang Insurance Group Co has raised its offer for Starwood Hotels & Resorts Worldwide Inc to almost $14 billion, in its latest challenge to the U.S. hotel operator's merger with Marriott International Inc.

Rpt: TiVo in Talks to be Bought by Rovi

Set-top box maker TiVo is in advanced talks to sell itself to digital entertainment guide provider Rovi, the New York Times reported on Thursday, citing people briefed on the talks.

Starwood Inclined to Go With Improved Anbang Bid

Starwood (HOT) has deemed a raised $78/share, or $13.2B, buyout offer from a Chinese group led by Anbang Insurance to be superior to the largely stock deal the hotelier reached in November with rival Marriott (MAR).

Unnamed Group Making a Run at Starwood

Four months after cinching a buyout deal with rival Marriott (NYSE:MAR), Starwood (NYSE:HOT) says it's received a nonbinding proposal from an unnamed "consortium of companies" at $76/share in cash, or $12.8B and versus MAR's largely stock deal initially valued at $12.2B but currently worth closer to $11B, or $65.38/share.