British Airways merging with Iberia
British Airways has announced that they are planning to merge with Spanish airline company Iberia.
This merger deal is worth around USD 7 billion and it would create the world’s third largest airline company in terms of revenues.
The two companies are aiming to complete the merger by the end of [...]
Porsche rejects Volkswagen ultimatum for merger
German sports car manufacturer Porsche has rejected the ultimatum given to them by auto giant Volkswagen for a potential merger deal between the two companies.
Wolfgang Porsche said that he was willing to go into talks with Volkswagen but those talks would have to be done privately and not [...]
Panasonic aims to make Sanyo its subsidiary
Panasonic has said in a statement that they are in talks to make Sanyo their subsidiary.
A deal between these two companies could create the Japan’s largest electronics making entity.
Market sources say that the deal between Panasonic and Sanyo could be worth as much as $8.8 billion.
A deal is likely [...]
Revolution Health Network and Waterfront Media merging together
Revolution Health Network and Waterfront Media have announced that they are now merging their operations.
The two companies are aiming to compete more effectively against the market giant WebMD Health.
They did not reveal the financial aspects of this deal. Market sources points toward a figure of around [...]
Rumors: Oracle considering trying to acquire SAP
Rumors in the market suggest that database industry giant Oracle is preparing a bid to take over SAP AG. Market sources say that the company is considering offering 38.5 Euros ($49.78) per SAP share.
This rumor helped the SAP shares gain at the stock market as they went up by [...]
ICICI Bank gets approval from shareholders for merging with Sangli Bank
ICICI Bank has confirmed that they have now received the approval from their shareholders to go ahead with the merger with the Sangli Bank.
This decision was taken at the ICICI Bank’s extra-ordinary general meeting on January 20.
They would now require the approval from the Reserve [...]
Sangli Bank’s Employees oppose merger with ICICI Bank
ICICI Bank recently announced that they were going to acquire the Sangli Bank. However this merger is being opposed by the workers in the Sangli Bank who are somewhat apprehensive about ICICI Banks’ foreign ownership.
Even the Reserve Bank of India wants such kinds of deals to go through [...]
Euronext shareholders set to vote on merger with New York Stock Exchange
The shareholders in Euronext are due to approve a $14 billion deal to merge the company with the New York Stock Exchange.
If the deal goes through, it would create the first trans-Atlantic bourse.
The approval from the shareholders would remove the first major hurdle in [...]
Lucent Sale to Alcatel Approved by the White House
US President Bush has approved the acquisition of Lucent Technologies Inc. by French telecom company Alcatel.
Bush added that this deal does not present any major national security concerns to the United States.
White House press secretary Tony Snow added in a statement that the president agreed with [...]
AT&T Inc.’s buyout of BellSouth Corp. gets government approval
The US Justice Department has now given its unconditional approval to AT&T Inc.’s buyout of BellSouth Corp.
The company would now become the largest U.S. provider of telephone, wireless and broadband Internet services.
This decision was welcomed by the company executives but failed to excite consumer advocates who [...]
