Tag:
acquisitions
Latest Headlines
Latest Headlines
NYSE picks up proxy firm support for deal
Shareholders will vote on the proposed NYSE Euronext-Deutsche Bourse deal on July 7. And while the proposal will likely generate enough support to push through the deal, people will be watching closely at the margin of victory.
As of right now, NYSE Euronext officials are most likely breathing
M&A hostilities start to perk?
Business Week notes that hostile deals seem to be making a comeback. Since the downturn began in late 2007, unsolicited bids have accounted for 11 percent of acquisitions in the U.S. That compares with an average of 6.8 percent over the past decade. Examples abound. After an eight month battle
BNY Mellon seeking acquisitions
BNY Mellon ( BK ) was created from the 2007 merger of Bank of New York and Mellon Financial. The integration has moved to the point that the company is now seeking more acquisitions of wealth-management companies. Lots of such units are thought to be for sale, so the pickings may be good. Arti
The truth about Ken Lewis?
In times such as these, it's very hard to go out on a high note. If out-going Bank of America ( BAC ) CEO Ken Lewis thinks he's going to get a pass because of his lame duck status, he may be in for a surprise--if a recent Reuters article is any indication.
"The myth of Ken Lewis as an ex
Jamie Dimon sounds off
At JPMorgan Chase's annual meeting, CEO Jamie Dimon declared that the bank had what may have been its "finest year ever." Indeed, the bank soared (relatively) as its big name consumer rivals faltered. The acquisitions of Bear Stearns and Washington Mutual seem to be paying off. And the bank actual
BlackRock looking for deals
People have been expecting some consolidation in the asset management industry for a while now. If we do see some deals, what are the chances that BlackRock will be involved? Pretty good, according to Reuters . BlackRock Chief Executive Laurence Fink told the news service that he's eager to gro
More on S&P lowering Bank of America rating
Standard & Poor's decision to cut Bank of America's long-term credit rating to A from A+ is hardly surprising. The biggest wild card now is not the toxic assets that drove so much concern earlier, but good, old-fashioned consumer credits that look shaky in the deteriorating economy. Of course
Citigroup watches peers soar
You have to wonder what Citi CEO Vikram Pandit has up his sleeve. I mean he has to have something in mind. Right? He can't just sit back and watch the likes of JPMorgan Chase, Bank of America and even Wells Fargo zoom past it. Sadly, that may be exactly what happens. Pandit's tenure may well be de
Ken Lewis faces his future
One of the most powerful men in finance resides and works in Charlotte, not Manhattan or London. Bank of America has been on quite a ride. From the doom and gloom of earlier this year, to the much-debated Countrywide acquisition, to the recent deal to buy Merrill Lynch. All of a sudden we're talki
All-stock deals to make a return?
We speculated a while back that all-stock deals may make a return . The idea is that financed deals will be difficult in this environment. Still, some companies with strong stocks have put themselves in a good position for acquisitions. As if on cue, Bunge has agreed to buy Corn Products Intern
