Mergers and Acquisitions

Inland American Real Estate is spinning off its lodging subsidiary into a separate and publicly traded company.

CEO David Murdock offered to buy Dole at $12 per share in cash, an offer that gives the  company a value of about $1.5 billion, including debt. 

Starwood Hotels & Resorts Worldwide Inc has reached out to potential bidders, including InterContinental Hotels Group Plc and Wyndham Worldwide Corp, after deciding to explore a sale, according to people familiar with the matter.

Burger King’s CEO said the decision to merge with Canadian firm Tim Hortons was not an effort to avoid U.S. corporate taxes by moving the fast-food giant’s headquarters north of the U.S. border.

Expedia agreed to buy Wotif.com for roughly $657 million, as the online travel booker looks to capitalize on growth in Asia-Pacific markets.

Carlson agreed to sell restaurant chain TGI Fridays to two private equity firms, as the hospitality and travel company looks to focus on its hotel business.

Chiquita and Irish fruit seller Fyffes agreed on Monday to a $1.07 billion merger, creating the world’s largest banana company.

Restaurant and casino operator Hard Rock is reportedly in advanced negotiations to acquire Atlantic City’s Revel Casino, which declared bankruptcy earlier this year.

The food distributor will buy its rival for about $3.5 billion and assume $4.7 billion in debt, creating a company with about $65 billion in annual revenue.

The casual dining chain has reportedly hired Goldman Sachs to explore a possible leveraged buyout by a private-equity firm. 

Carlson said it has hired investment bankers to explore its options for TGI Fridays, including a possible sale of the restaurant chain. 

Extended Stay America filed plans for an estimated IPO of up to $100 million, as the lodging company turns the corner after a 2009 bankruptcy.

U.S. home improvement retailer Lowe's Companies Inc said it would buy Rona in an all-cash deal valued at C$3.2 billion ($2.28 billion) to expand its presence in Canada.

ISS recommended Dell shareholders vote for Michael Dell's buyout offer for the PC maker.

Hard disk drive maker Western Digital said it would buy memory chip maker SanDisk for about $19 billion, the latest in a wave of consolidation in the chip-making industry.

Analog Devices agreed to buy Hittite Microwave for around $2.45 billion in cash, as the chip maker looks to widen its footprint in radio-frequency technology.

Akamai unveiled plans to buy Prolexic for about $370 million as the content delivery giant looks to bolster its cyber defenses. 

The PC maker is reportedly considering delaying its shareholder vote again.

A week before a key shareholder vote, the legendary corporate raider unveils his sweetened bid that would include warrants.

The latest move is part of Icahn's relentless push to force Michael Dell to raise his offer price.