Apr
24th
MetroPCS Shareholders Approve merger with T-Mobile
By Kelly Curtis
MetroPCS Shareholders Approve merger with
T-Mobile
The merger of regional carrier MetroPCS with T-Mobile, the fourth largest wireless carrier in the US, came one step closer Wednesday after shareholders in the Richardson, Texas-based carrier approved the merger at a meeting. T-Mobile is owned by Deutsche Telekom, which bowed to shareholder pressure earlier this month, delaying the vote on the proposed merger while it reworked the loan it was proposing to offer the newly combined company. Under the new proposal, Deutsche Telekom will loan the new entity $11.2 billion instead of $15 billion and the interest rate was cut in half.
The merger of regional carrier MetroPCS with T-Mobile, the fourth largest wireless carrier in the US, came one step closer Wednesday after shareholders in the Richardson, Texas-based carrier approved the merger at a meeting. T-Mobile is owned by Deutsche Telekom, which bowed to shareholder pressure earlier this month, delaying the vote on the proposed merger while it reworked the loan it was proposing to offer the newly combined company. Under the new proposal, Deutsche Telekom will loan the new entity $11.2 billion instead of $15 billion and the interest rate was cut in half.
Dec
7th
American Airlines Parent Settles Pilot Labor Dispute
By Ronnie
American Airlines Parent Settles Pilot Labor
Dispute
The Allied Pilots Association on Friday ratified a new collective bargaining agreement with American Airlines' parent company, AMR Corp., possibly paving the way for the carrier to emerge from bankruptcy and pursue a merger with US Airways. The union had rejected a deal from AMR back in August, but approved the latest offer with nearly 73 percent of its 8,000 members supporting it. American Airlines issued a statement applauding the ratification of the new labor deal, saying it will give the company the stability it needs to come out of bankruptcy and restructure. AMR has been ordered by the bankruptcy judge to reorganize by no later than March.
The Allied Pilots Association on Friday ratified a new collective bargaining agreement with American Airlines' parent company, AMR Corp., possibly paving the way for the carrier to emerge from bankruptcy and pursue a merger with US Airways. The union had rejected a deal from AMR back in August, but approved the latest offer with nearly 73 percent of its 8,000 members supporting it. American Airlines issued a statement applauding the ratification of the new labor deal, saying it will give the company the stability it needs to come out of bankruptcy and restructure. AMR has been ordered by the bankruptcy judge to reorganize by no later than March.
Aug
31st
American Agrees to Merger Talks with US Airways
By Dave Simmons
American Agrees to Merger Talks with US
Airways
American Airlines and US Airways announced on Friday they have begun discussing a possible merger. The announcement comes after several months in which American rebuffed US Airways' requests for merger negotiations and American approaches its ninth month of bankruptcy protection. But, according to Friday's announcement, the two have signed a non-disclosure agreement allowing them to share non-public information, making serious merger talks possible.
American Airlines and US Airways announced on Friday they have begun discussing a possible merger. The announcement comes after several months in which American rebuffed US Airways' requests for merger negotiations and American approaches its ninth month of bankruptcy protection. But, according to Friday's announcement, the two have signed a non-disclosure agreement allowing them to share non-public information, making serious merger talks possible.
Jun
20th
Burger King Shares Gain 3.4 Percent in Return to NYSE
By Betty
Burger King Shares Gain 3.4 Percent in Return to
NYSE
Burger King returned to the New York Stock Exchange on Wednesday, with shares gaining as much as 11 percent during the session before settling for a gain of 3.4 percent on the day. Based in Miami, the fast food chain had been a privately held company since 2010, when private equity fund 3G Capital Management acquired the chain for $3.25 billion and took it private.
Burger King returned to the New York Stock Exchange on Wednesday, with shares gaining as much as 11 percent during the session before settling for a gain of 3.4 percent on the day. Based in Miami, the fast food chain had been a privately held company since 2010, when private equity fund 3G Capital Management acquired the chain for $3.25 billion and took it private.
Jun
14th
Bidding War Looming for Quest Software?
By Betty
Bidding War Looming for Quest Software?
It appears as if a bidding war may be looming for enterprise software developer Quest Software on Thursday revealed it had received a higher bid from a so-called “strategic bidder.” The company had received an offer of $23 a share back in April from Insight Venture Partners, a private equity firm, but says that the new offer was for $25.50 a share. The company's stock rose nearly ten percent on the news, climbing to over $26 a share by Thursday's close.
It appears as if a bidding war may be looming for enterprise software developer Quest Software on Thursday revealed it had received a higher bid from a so-called “strategic bidder.” The company had received an offer of $23 a share back in April from Insight Venture Partners, a private equity firm, but says that the new offer was for $25.50 a share. The company's stock rose nearly ten percent on the news, climbing to over $26 a share by Thursday's close.
May
30th
Pep Boys Shares Slip 20 Percent After Sale is Canceled
By Ronnie
Pep Boys Shares Slip 20 Percent After Sale is
Canceled
Shares of auto parts retailer Pep Boys fell sharply on Wednesday after the chain announced it has ended negotiations with Gores Group LLC, who questioned a proposed $1 billion price tag for the auto parts chain after its latest quarterly earnings fell well short of Wall Street expectations. The stock plunged more than 20 percent just minutes into Wednesday's trading session, though they rebounded as the day went on. With about an hour left in the session, the shares were down about 19.66 percent at $8.91 a share.
Shares of auto parts retailer Pep Boys fell sharply on Wednesday after the chain announced it has ended negotiations with Gores Group LLC, who questioned a proposed $1 billion price tag for the auto parts chain after its latest quarterly earnings fell well short of Wall Street expectations. The stock plunged more than 20 percent just minutes into Wednesday's trading session, though they rebounded as the day went on. With about an hour left in the session, the shares were down about 19.66 percent at $8.91 a share.
May
26th
Dell Making Final Push to Acquire Quest Software Inc.
By Kelly Curtis
Dell Making Final Push to Acquire Quest Software
Inc.
According to a series of reports from tech sector insiders, Dell Inc. is nearing an agreement in which it will acquire Quest Software Inc, with an announcement possible before the end of the Memorial Day Weekend. The fact that negotiations are being held during the holiday weekend, some inders say, is evidence that the talks are in the final stages.
According to a series of reports from tech sector insiders, Dell Inc. is nearing an agreement in which it will acquire Quest Software Inc, with an announcement possible before the end of the Memorial Day Weekend. The fact that negotiations are being held during the holiday weekend, some inders say, is evidence that the talks are in the final stages.
May
21st
AMC Acquired by Chinese Theater Group
By Ronnie
AMC Acquired by Chinese Theater Group
AMC, the United States' second largest theater chain, was sold Monday to a Chinese company called Wanda for a reported $2.6 billion price tage. The deal will create the world's largest theater group, and will be the highest corporate takeover of a US company by a Chinese firm in history. The deal is subject to approval from regulators in both countries, and illustrates the growing financial muscle of China's top companies.
AMC, the United States' second largest theater chain, was sold Monday to a Chinese company called Wanda for a reported $2.6 billion price tage. The deal will create the world's largest theater group, and will be the highest corporate takeover of a US company by a Chinese firm in history. The deal is subject to approval from regulators in both countries, and illustrates the growing financial muscle of China's top companies.
Mar
28th
Medco, Express Scripts Shares Surge on Merger Approval Talk
By Mike Goldman
Medco, Express Scripts Shares Surge on Merger Approval
Talk
Express Scripts Inc said on Wednesday it expects to get a ruling from the Federal Trade Commission as soon as Friday on its bid acquire Medco Health Solutions Inc. Shares of both companies were up slightly on the news. Medco shares reached their highest value in more than 8 years after the company said it expects the deal to close by next week. The FTC is reportedly looking into antitrust concerns over the merger, and may impose conditions on the $29 billion deal.
Express Scripts Inc said on Wednesday it expects to get a ruling from the Federal Trade Commission as soon as Friday on its bid acquire Medco Health Solutions Inc. Shares of both companies were up slightly on the news. Medco shares reached their highest value in more than 8 years after the company said it expects the deal to close by next week. The FTC is reportedly looking into antitrust concerns over the merger, and may impose conditions on the $29 billion deal.
Mar
19th
UPS Reveals Offer Details for TNT Express Acquisition
By Dave Simmons
UPS Reveals Offer Details for TNT Express
Acquisition
United Parcel Service announced on Monday it has finalized details for an offer to acquire Dutch rival TNT Express, for which it will pay $6.8 billion. The Atlanta-based parcel icon will pay $12.50 per share for its Dutch rival, which is about 50 percent higher than it originally offered back on February 16th when its first offer was made. According to Monday's announcement, the offer has been approved by TNT's upper management and board of directors, and will be put to a vote by its shareholders sometime in the next few weeks.
United Parcel Service announced on Monday it has finalized details for an offer to acquire Dutch rival TNT Express, for which it will pay $6.8 billion. The Atlanta-based parcel icon will pay $12.50 per share for its Dutch rival, which is about 50 percent higher than it originally offered back on February 16th when its first offer was made. According to Monday's announcement, the offer has been approved by TNT's upper management and board of directors, and will be put to a vote by its shareholders sometime in the next few weeks.
Viewing 1 - 10 of 30
Top Stories
Latest DT's
-
2 months ago by Geno -
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
3 months ago by Geno
-
3 months ago by Geno
-
3 months ago by Geno
Top Authors
Subscribe
Games
Alias
3 Foot Ninja 2
ALIAS 2
Air Dodge
Battle Tanks
Bomber Bob
Cable Capers
Gem Mania
Hacker
Hostile Skies
Mission Mars
Bowling
Samurai Warrior
The Pharoh's Tomb
Monkey Lander
Muay Thai
Action
Donkey Kong Banana Barrage
501 Dart Challenge
Rooftop Skater
Zelda
Donkey Kong
Xtreme Pinball
Tetris
Connect 4
Battleships
Frogger
Penguin Push
Online Video Poker
Spank The Monkey
Mob Pay Back
Dealer
Yeti Sports Seal Bounce
Hold Your Drink Steady
Solitaire
Canyon Glider
3D Sudoku
Metal Slug Rampage
Street Fighter II
Flashman
Disc Golf
Table Tennis
Ninja Air Combat
Celebrity Hitman Terrorist Alert
Spider Solitaire
Tubin
Presidential Knockout
Global Player
Ma Balls
Baseball
Beckham Fit
