Money Matters - Simplified

Mergers & Acquisitions

United, Continental agree to merge

In what can be termed as a deal to give rise to the world's largest airline in terms of traffic, United Airlines and Continental Airlines Inc. have reached negotiations and agreed to a merger worth $3 billion, according to sources familiar with the matter.

West and Zampella wanted the similar deal as Bungie?

As per Los Angeles Times report, the 10-year publishing and distributing deal Activision signed with Bungie is similar to what its former developers Jason West and Vince Zampella were negotiating for before getting fired last month.

Charles River, WuXi ink $1.6B acquisition deal

In a cash and stock transaction valued at approximately $1.6 billion, pharmaceutical-research company Charles River Laboratories International is all set to acquire Chinese drug-research contractor, WuXi PharmaTech.

Morgan Stanley to handle sale of Treasury's stake in Citigroup

The Treasury Department announced on Monday that investment banking firm Morgan Stanley will handle the sale of government’s stake in Citigroup Inc. A Treasury spokesperson said that the agreement would be made public later this week.

UPDATE: China’s Geely buys Volvo for $1.8 bln

Chinese carmaker Zhejiang Geely Holding has signed a deal to buy the troubled Volvo Cars from U.S. auto giant Ford for $1.8 billion.

Geely, Ford close to inking Volvo acquisition deal

Zhejiang Geely Holding Group is all set to ink a deal with Ford Motor Co. to acquire its Sweden-based Volvo car unit.

Time Warner to bid $1.5B for MGM

In a move to take over the struggling Metro-Goldwyn-Mayer Inc. (MGM), Time Warner Inc. is planning to bid $1.5 billion for MGM studios.

Teva wins race to acquire German-based Ratiopharm

Ending almost a yearlong battle to takeover German generic drugmaker Ratiopharm GmbH, Israel's Teva has emerged as the winner.

Simon revising takeover bid for General Growth

In a move to overcome the plan proposed by rival General Growth investors, Simon Property Group is considering to raise its $10 billion offer to takeover General Growth Properties.

Phillips-Van Heusen to finalize deal with Tommy Hilfiger

Retail apparel giant Phillips-Van Heusen Corp. is almost close to finalizing a deal with fashion brand Tommy Hilfiger for roughly $3 billion, according to people familiar with the matter.