Mergers and Acquisitions

BlackBerry Shares Set To Jump On Facebook's WhatsApp Bid

Facebook Inc's $19 billion bid for fast-growing mobile-messaging startup WhatsApp sent shares of BlackBerry Ltd higher before the opening bell on Thursday as investors placed bets that the smartphone maker's own messaging platform has been undervalued.

GE Strikes Multibillion-Dollar Deals to Sell Fleet Units

General Electric Co. has agreed to sell its U.S., Mexico, Australia and New Zealand fleet businesses for $6.9 billion, with a separate smaller deal in the works to unload its business in Europe, marking the latest steps in the industrial group's retreat from banking.

Hormel to Buy Organic Meat Maker

Hormel Foods Corp. agreed to buy Applegate Farms LLC for about $775 million, a move that would give the maker of Spam a foothold in the organic-meats category.

Verizon to Acquire AOL in $4.4 Billion Deal

In an effort to boost its digital content, the telecom giant announced on Tuesday it will buy AOL in a deal valued at about $4.4 billion, or $50 per share, a 17.4% premium from AOL's Monday closing price.