JDA Software to buy i2 for about $434 million AP (November 05, 2009) NEW YORK (AP) - JDA Software Group Inc., which makes inventory management software for retailers, said Thursday it has agreed to buy rival i2 Technologies Inc. for about $434 million.
IMS Health to be bought for $4 billion by TPG, CPP AP (November 05, 2009) NORWALK, Conn. (AP) - Health care data company IMS Health Inc. said Thursday it is being bought by investment funds TPG Capital and CPP Investment Board for $4 billion.
Panasonic begins tender offer for Sanyo takeover AP (November 05, 2009) TOKYO (AP) - Panasonic Corp. said Thursday it has started its bid to take over smaller rival Sanyo Electric Co. for an estimated 402 billion yen ($4.4 billion), moving closer to create one of the world's biggest electronics makers.
Merck, now No. 2 drugmaker, set for future buys AP (November 04, 2009) TRENTON, N.J. (AP) - The new Merck & Co. has become the world's second-biggest drugmaker overnight with a huge acquisition, but it still has a fat wallet and plans more wheeling and dealing.
Groups representing Mass. tech firms to merge AP (November 04, 2009) BURLINGTON, Mass. (AP) - Two organizations that represent the interests of technology companies in Massachusetts are combining forces.
Terra rejects CF's latest takeover offer AP (November 04, 2009) SIOUX CITY, Iowa (AP) - Fertilizer company Terra Industries Inc. on Wednesday rejected its bigger rival CF Industries' latest unsolicited takeover offer, saying the $4.1 billion bid was still too low.
Germany fumes over GM ditching Opel sale to Magna AP (November 04, 2009) BERLIN (AP) - Germany's politicians fumed with anger and Opel workers cancelled cost concessions and readied walkouts after General Motors Co. abandoned the sale of its European subsidiary to parts maker Magna International and Russian bank Sberbank.
Merck, now No. 2 drugmaker, set for future buys AP (November 04, 2009) WHITEHOUSE STATION, N.J. (AP) - The new Merck & Co. becomes the world's second-biggest drugmaker overnight, and it's boasting a fat wallet to fund future deals.
Buffett's Berkshire buying Burlington Northern RR AP (November 03, 2009) NEW YORK (AP) - Warren Buffett's Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp., making a $34 billion bet on the future of the U.S. economy.
Dakotas 2 largest health care systems merge AP (November 03, 2009) FARGO, N.D. (AP) - The two largest health systems in the Dakotas became one Monday, forming what officials said is the nation's largest not-for-profit rural health care provider.
Landry's Restaurants OKs $1.2B acquisition offer AP (November 03, 2009) HOUSTON (AP) - The chairman and CEO of Landry's Restaurants Inc. finally got what he was after Tuesday, as the restaurant owner's board approved his $1.2 billion all-cash offer to take the company private.
Insurer Aetna completes Horizon Behavioral deal AP (November 03, 2009) INDIANAPOLIS (AP) - Managed care company Aetna Inc. said Tuesday it has completed a $70 million acquisition of employee assistance program provider Horizon Behavioral Services LLC.
Osiris gets $15M milestone payment from NuVasive AP (November 03, 2009) NEW YORK (AP) - Osiris Therapeutics Inc. said Tuesday it received a $15 million payment from NuVasive Inc., the final milestone fee linked to the sale of Osiris' bone graft stem cell business.
Merck completes $41B purchase of Schering-Plough AP (November 03, 2009) WHITEHOUSE STATION, N.J. (AP) - New Jersey drugmakers Merck & Co. and Schering-Plough Corp. have made their longtime partnership permanent.
Stanley sees cost savings in Black & Decker deal AP (November 03, 2009) CHICAGO (AP) - Tool makers Stanley Works and Black & Decker Corp. are betting that together they can wring out more profit and better position themselves for a housing market recovery than they could apart.
Union backs American Airlines antitrust immunity AP (October 29, 2009) FORT WORTH, Texas (AP) - The union representing flight attendants at American Airlines is supporting the company's bid to win antitrust immunity and work more closely with British Airways and Iberia.
Ford: China's Geely preferred bidder for Volvo AP (October 28, 2009) DETROIT (AP) - Ford Motor Co. has picked a consortium led by China's Geely Group as the preferred bidder to buy its Swedish Volvo Cars unit, the U.S. automaker said Wednesday.
Vishay to spin off 2 businesses to shareholders AP (October 27, 2009) MALVERN, Pa. (AP) - Vishay Intertechnology Inc. said Tuesday it plans to spin off its measurements and foil resistor businesses into an independent, publicly traded company called Vishay Precision Group Inc.
URS acquires engineering firm ForeRunner AP (October 26, 2009) SAN FRANCISCO (AP) - URS Corp., an engineering and construction company, said Monday it acquired ForeRunner Corp., an engineering and construction management company specializing in oil and gas industry projects.
GM board to meet Nov. 3, will discuss Opel sale AP (October 23, 2009) FRANKFURT (AP) - A General Motors Co. executive says the company's board will meet Nov. 3 and discuss concerns about the sale of European unit Adam Opel GmbH, but he is not providing details on progress or a time frame for the actual transaction.
Steak n Shake sells unit to Western Sizzlin AP (October 23, 2009) INDIANAPOLIS (AP) - Restaurant operator The Steak n Shake Co. said it sold a subsidiary to Western Sizzlin Corp. for $38.8 million.
Cadbury lifts outlook, raising bar for Kraft bid AP (October 21, 2009) LONDON (AP) - British chocolate and gum maker Cadbury PLC on Wednesday upgraded its outlook as it reported a 7 percent rise in third-quarter revenue - proof, it said, that it does not need to be taken over by a conglomerate like Kraft to deliver results.
Pilgrim's Pride gets FTC, Justice Dept. approval AP (October 15, 2009) PITTSBURG, Texas (AP) - Pilgrim's Pride Corp. said Thursday that the Federal Trade Commission and Department of Justice have cleared the way for its deal with Brazilian beef producer JBS SA, which would help pull the chicken producer out of bankruptcy.
Limbaugh dropped from group seeking to buy Rams AP (October 15, 2009) ST. LOUIS (AP) - Conservative radio talk show host Rush Limbaugh has been dropped from a group seeking to buy the St. Louis Rams.
AB InBev sells Central European operations to CVC AP (October 15, 2009) BRUSSELS (AP) - The world's biggest brewer AB InBev said Thursday it has agreed to sell its Central European operations to CVC Capital Partners in a transaction which could exceed $3 billion.
Pan American to buy Aquiline Resources AP (October 14, 2009) VANCOUVER, British Columbia (AP) - Canadian miner Pan American Silver Corp. says it has agreed to buy rival Aquiline Resources Inc. in a deal valued at about $608 million.
GM chief says Opel sale may come this week AP (October 13, 2009) SHANGHAI (AP) - General Motors could finalize the sale of its German auto unit Opel as early as this week, the U.S. automaker's CEO said Tuesday.
Cisco to buy Starent Networks for $2.9B AP (October 13, 2009) SAN JOSE, Calif. (AP) - Betting on the growing popularity of data-hungry phones like the iPhone, Cisco Systems Inc. said Tuesday it had agreed to pay $2.9 billion for Starent Networks Corp., a maker of equipment for wireless carriers.
Onyx Pharma will pay up to $851M for Proteolix AP (October 12, 2009) NEW YORK (AP) - Onyx Pharmaceuticals is buying cancer drug developer Proteolix Inc. in a deal that could be worth as much as $851 million.