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MERGER

The Wire

Granholm plans to merge tech, management offices

Michigan Gov. Jennifer Granholm wants to consolidate more state government departments.

Live Nation-Ticketmaster deal vote set for Jan. 8

In a tacit acknowledgment of a delay in their plan to combine, Live Nation Inc. and Ticketmaster Entertainment Inc. said in filings Friday that a shareholders meeting to approve the deal is set for Jan. 8.

Groups representing Mass. tech firms to merge

Two organizations that represent the interests of technology companies in Massachusetts are combining forces.

ND AG says law kept hospital merger review brief

Attorney General Wayne Stenehjem says North Dakota law limited his review of a merger of two large health care companies.

Democrat-Gazette, Morning News pact approved

The Justice Department has cleared the Arkansas Democrat-Gazette Inc. and Stephens Media LLC to combine their operations in northwest Arkansas, and the newly formed company will start publishing newspapers on Sunday.

Merck seeks EU approval to buy Schering-Plough

Drugmaker Merck & Co. filed papers with regulators in the European Union seeking approval of its planned acquisition of Schering-Plough Corp.

RPM, Yates to merge in 2010

Richard Petty Motorsports and Yates Racing plan to merge in 2010, with the four-car team running Fords under the RPM banner.

Rivals to form UK's top mobile operator

Deutsche Telekom AG and France Telecom SA said Tuesday they intend to combine their British mobile phone units — shaking up the country's intensely competitive market and forming the country's biggest mobile operator.

Democrat-Gazette, Stephens Media seek Ark. merger

Stephens Media and WEHCO Media Inc. announced Thursday a joint venture that would merge two longtime competitive newspapers in fast-growing northwestern Arkansas.

Merck and Schering offer to settle merger lawsuit

Merck & Co. and Schering-Plough Corp., which are combining to form the world's No. 2 drugmaker, said Friday they have each reached a settlement to end multiple lawsuits brought by shareholders seeking to block the tie-up.

Kohlberg Kravis Roberts to merge with European arm

Kohlberg Kravis Roberts, the private equity firm, said Monday it plans to merge with its European arm and keep its Dutch stock market listing, abandoning plans for a U.S. initial public offering for the time being.

Japan's Shinsei and Aozora Banks agree to merge

Japan's Shinsei Bank Ltd. and Aozora Bank Ltd. — two money-losing midsize lenders with major U.S. stakeholders — have agreed to merge, the companies said Wednesday.

Emaar to merge with rivals in Dubai

The Dubai developer behind the world's tallest building plans to merge with three rivals owned by the sheikdom's ruler, in a consolidation aimed at better coping with a global meltdown fueled weakness in the one-time Arab boomtown's real estate sector.

CNB Financial of Worcester opts for UFB merger

CNB Financial Corp. of Worcester has signed a $25 million merger agreement with United Financial Bancorp of West Springfield.

Merck, Schering-Plough set meetings on merger

Merck & Co. and Schering-Plough Corp. will hold special meetings in August for their stockholders to approve their pending merger, which would make the combined company the world's second-largest prescription drugmaker.

2 East Coast public accounting firms to merge

Two major East Coast public accounting firms are merging as of June 1 to create a 10-office firm with operations in New Jersey, Connecticut, Florida, New York state and Grand Cayman.

Report: NEC Electronics, Renesas near merger

NEC Electronics Corp. and Renesas Technology Corp. are reportedly in final negotiations to merge their operations and form Japan's biggest semiconductor maker by sales.

Ticketmaster: AEG may cancel if merger succeeds

Ticketmaster's chief executive sought Thursday to allay antitrust fears over the ticket seller's planned merger with concert promoter Live Nation by revealing that a major venue operator has threatened to cancel its contract if the merger goes through.

Yates Racing to run Hall of Fame's team

Hall of Fame Racing became the latest NASCAR team to use a merger to stave off collapse, aligning Tuesday with Yates Racing to keep its operation running into the new season.

Sources: Petty Enterprise in merger talks

Petty Enterprises is in discussions to merge its storied franchise with Gillett Evernham Motorsports, The Associated Press has learned.

Justice Dept. OKs beer merger with slight hiccup

The Justice Department approved a $52 billion beer buzz Friday, allowing Belgian-based InBev SA to buy out Anheuser-Busch and create the world's largest brewer.

Verizon told to sell assets with Alltel merger

The Justice Department on Thursday effectively gave Verizon Wireless the go-ahead to buy Alltel Corp. in a $28 billion deal that would create the nation's largest wireless carrier.

Justice approves Delta-Northwest airline merger

The Justice Department on Wednesday approved a much-anticipated merger between Delta and Northwest, clearing the way for creation of the world's largest airline.

Worries grow as GM-Chrysler talks gain momentum

In the doomsday scenario raising anxiety around the Motor City, General Motors Corp. makes a deal for Chrysler LLC, keeps Jeep and the minivans, and vaporizes the rest of the company.

Your Career: How to survive after a merger

For more than a decade, Ron Weston worked as an architect for Hillier Architecture, one of the biggest architecture firms in the United States. So he was a bit nervous about his future when a global architectural powerhouse, U.K.-based RMJM, acquired the firm last year.

The Vine
ING in talks with Singapore bank for possible sale
Source: Yahoo! News

Singapore's Oversea-Chinese Banking Corp (OCBC) said Tuesday it was in talks with Dutch lender ING for a possible acquisition.

Monster Merger: IBM Buys SPSS For Approx. $1.2 Billion In Cash Deal
Source: TechCrunch

IBM is buying analytics software and solutions provider SPSS in an all cash transaction at a price of $50/share - a 42 percent premium to Monday's closing price of $35.09 on Nasdaq - resulting in a total cash consideration in the merger of approximately $1.2 billion.

Rumor: Yahoo Search Deal With Microsoft "Down to the Short Strokes" | Maximum PC
Source: maximumpc.com

Now that the reality of the situation has finally sunk in, it would seem even Carl Icahn is eager to make a deal with Microsoft. This time however, only the search engine is on the table.

ACCC approves Voda/Hutch merger
Source: zdnet.com.au

The Australian Consumer and Competition Commission (ACCC) today decided not to oppose the Vodafone/Hutchison merger — a move welcomed by the two companies.

Caltex's Mobil merger will lift fuel prices: Xenophon
Source: The Sydney Morning Herald

A proposed takeover of Mobil by Caltex could force up petrol prices by several cents a litre, independent senator Nick Xenophon has warned.

Voda, Hutch plans to stay post-merger
Source: zdnet.com.au

Mobile telcos Vodafone and Hutchison (3 Mobile) today pledged to maintain their voice and data plans for two years to reassure customers their proposed merger wouldn't negatively impact the value they were delivering.

Porsche and VW Agree to a Merger
Source: TIME

After a dramatic three-and-a-half-year battle to take control of much larger Volkswagen, German sports carmaker Porsche has given up the chase and agreed in principle to a merger with its one-time prey.

Disney Signs a Deal with Hulu: Online Media Juggernaut is Born
Source: TV Week

Disney is hopping on Hulu, closing a deal to become a joint venture partner and equity owner of the online video aggregator.The deal, which has been expected for several weeks, unites Disney and its TV networks with NBC Universal, News Corp.

IBM And Sun: There Will Be Blood
Source: Forbes

When titans collide, blood runs. And as rumors circulated Friday that IBM and Sun Microsystems are inching toward a deal to sell the Silicon Valley computing pioneer to Big Blue for close to $7 billion, IT industry watchers began speculating on how the integration would proceed.

Voda/Hutch merger rattles ACCC
Source: zdnet.com.au

Australia's competition watchdog tonight issued a strongly worded statement of concern that the proposed merger of mobile carriers Hutchison and Vodafone could lead to increased retail prices on mobile telephony and broadband services.

Fiat, Chrysler await U.S. government terms to close deal
Source: Yahoo! News

WASHINGTON/MILAN (Reuters) – The boards of Chrysler LLC and Fiat SpA have given executives approval to complete an alliance deal that now hinges on the terms for additional aid for the struggling Detroit automaker, according to people with knowledge of the discussions.

Five Big Clues You May Be In Line to Get Fired
Source: Newsday.com

With today's economic challenges, it stands to reason there will be more businesses closing, shrinking, and laying off workers. How not to be one of them? Well, this quick set of five danger signs and suggestions to avoid them may be worth reviewing

Drug Mergers: Killers for Research
Source: Business Week

When big pharmaceutical companies merge, like Merck and Schering-Plough or Pfizer and Wyeth, R&D always seems to suffer.

Senate pushes for sale of Ticketmaster's TicketsNow division
Source: Milwaukee Busisness Journal

On the first days of hearings led by Sen. Herb Kohl of Wisconsin relating to the proposed merger of Live Nation Inc. and Ticketmaster Entertainment Inc.. a point of contention involved Ticketmaster's TicketsNow division.

Failed Dow Deal Weighs on Stocks
Source: The New York Times

Another crummy day for the Dow.

Bank Of America to Cut 35,000 Jobs!
Source: msnbc.com

Bank of America Corp. says it expects to eliminate 30,000 to 35,000 jobs over the next three years.

Merger blessing: offer to lift Qantas shackles | smh.com.au
Source: The Sydney Morning Herald

Scott Rochfort and Yuko Narushima say the Rudd Government has given its first blessing for Qantas to pursue a merger with another global airline in a green paper that proposes a relaxation of foreign ownership restrictions over the Australian flag carrier.

Bank Eat Bank: Bailout Encourages Mergers, and Paulson Decides who Lives and Who Dies'
Source: AlterNet.org

With newfound bailout money in their wallets, big banks have been rushing to gobble up smaller ones. At the center of these mergers is the Treasury Department, led by Goldman Sachs alums Henry Paulson and Neel Kashkari.

CitiGroup in talks to buy Chevy Chase Bank
Source: Reuters

Citigroup Inc is in talks to buy U.S. regional lender Chevy Chase Bank FSB, which operates in the mid-Atlantic region, the Wall Street Journal said.

Merger talk among Detroit's Big Three | And then there were two
Source: The Economist

DESPERATE people do desperate things, which is why the odds are that a merger between two of Detroit's Big Three carmakers, General Motors (GM) and Chrysler, will somehow be made to happen. Certainly, the choices facing both firms are stark.

GM, Chrysler Ask for $10 Billion to Aid Merger
Source: CNBC Top News and Analysis

General Motors and Cerberus Capital Management have asked the U.S. government for roughly $10 billion in an unprecedented rescue package to support a merger between GM and Chrysler, two sources with direct knowledge of the talks said on Monday.

Wells-Fargo acquires Wachovia
Source: CBS News

Apparently, we still haven't learned. When companies are too big to be allowed to fail, they're too big. At least, that's the opinion of one nobel prize-winning economist: Link

G.M. and Chrysler Explore Merger - NYTimes.com
Source: The New York Times

General Motors Co. and Chrysler (aka Cerberus Capital Mgmt.) have been in merger talks for at least a month, quietly discussing options to stave-off disaster for both of the venerable-yet-faltering American auto manufacturers.

Wells Fargo Buys Troubled Wachovia for $15.1 Billion
Source: The Washington Post

"Wachovia will snub Citigroup and jump into the arms of Wells Fargo instead, upending a government-arranged rescue of the troubled bank in favor of a more traditional merger, the companies announced this morning.

Morgan Stanley mulling merger with Wachovia
Source: International Business Times

Morgan Stanley is considering a merger with Wachovia Corp. and at least one other bank as the securities firm moves to regain investor confidence after its shares plunged 42 percent this week.Shares of Morgan Stanley fell 4.8 percent to $20.70 on Thursday before the opening bell.

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