King Pharmaceuticals Inc’s $1.4 billion offer to buy Alpharma Inc follows a wave of unsolicited bids in the otherwise weak merger market.
So far this year, there have been 50 unsolicited bids, totalling $137.3 billion worldwide, up from 19 deals totaling $30.2 billion for the same period a year ago, according to Thomson Reuters data.
The amount […]
Posted on August 22nd, 2008 by
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Recent rumors that Apple is considering a music subscription service may not be credible, but they do underscore the pressure on the music industry and brick-and-mortar retailers to successfully compete with the iPod/iTunes juggernaut. …
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Posted on August 22nd, 2008 by
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Hedge funds used to be seen as a license to print money, but 2008 is shaping up to be the year the bubble burst. Earlier this month, former CNBC anchor Ron Insana folded Insana Capital Partners, the hedge fund he launched in 2006, while superstar investor
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Posted on August 22nd, 2008 by
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Media companies aren’t the only ones who needed Google’s help. The Wall Street Journal is reporting Verizon and Google are nearing a wide-ranging agreement that will see Google as the default search provider on Verizon handsets.
It’s not the first time the two have reportedly come close to landing a partnership. They were in discussions last […]
Posted on August 22nd, 2008 by
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When are rumors more than just idle gossip? When they cause the collapse of one of the world’s oldest and largest investment banks, of course.In the accompanying video, our guest Andrew Ross Sorkin, New York Times M&A reporter and
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Posted on August 22nd, 2008 by
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Just yesterday, the sound of doors closing could almost be heard echoing across the pacific as Lehman Brothers reportedly hit the Asian wealth circuit looking for help filling its expected $4 billion in third-quarter writedowns. Now state-run Korea Development Bank says it might be interested in buying the bank, lighting an 8 percent fire cracker […]
Posted on August 22nd, 2008 by
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New York AG Andrew Cuomo is, in my opinion, striking a good balance between hard-ass prosecutor and free-market realist. Unlike some regulators, Cuomo is quick to say that if people speculate and get burned then that’s their own fault. As our guest, New Y
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Posted on August 22nd, 2008 by
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Schaeffler has finally won the battle for Continental in an $18 billion deal that would create the world’s third-largest auto supplier.
Schaeffler makes ball bearings, typically used to steer a car. Its mechanical joints can be found in everything from the London Eye ferris wheel to the U.S. space shuttle. Continental makes a variety of components from […]
Posted on August 22nd, 2008 by
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