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January 2009
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India's Spice Group Inc. is offering about 20 billion rupees ($408 million) for a controlling stake in IT outsourcer Satyam Computer Services Ltd., which lost four directors earlier in this month after its founder admitted that Satyam's balance sheet was inflated by more than $1 billion, devaluing -- by about... Continue reading
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Friday morning we noted that one industrial exec -- David Speer, CEO of Illinois Tool Works Inc. -- expects that in 2009 that many targets will be resistant to selling at reduced prices.Now here comes another industrial exec with a different take. In an interview with Reuters published Friday, Dave... Continue reading
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As companies realign their priorities to better reflect economic realities, joint ventures appear to be a popular area of focus. Over the past few weeks, we've seen a number of companies delay, restructure or abandon JVs altogether. The most high profile in the group is Kuwait Petrochemical Industries Co., which... Continue reading
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Oversupply and weak demand in the semiconductor industry is strangling Tokyo's Toshiba Corp. It has been widely reported that Toshiba is in talks to merge part of its chip operations with the semiconductor unit of NEC Corp., the Japanese PC maker that just said it would cut 20,000 jobs. Industry... Continue reading
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Some serial acquirers say the recession is creating rare opportunities for them to buy attractive targets at bargain prices. But not Illinois Tool Works Inc. CEO David Speer, who in 2008 oversaw the acquisition of 50 companies that added a total of $1.5 billion in revenue to the diversified manufacturer.... Continue reading
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Continental Airlines Inc. has set a date for its long-expected divorce from the international SkyTeam alliance, saying Thursday that it expects to leave a partnership with Delta Air Lines Inc., Air France SA and others on Oct. 24 to join the rival Star Alliance.With cross-border M&A limited in most of... Continue reading
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ConocoPhillips' M&A hopes have gone down with oil prices. After reporting a fourth-quarter net loss of $31.8 billion (mainly reflecting goodwill impairment on some assets) the American oil major is playing it safe. "There is nothing in the $12.5 billion [2009 capital spending] program for acquisitions. We will live within... Continue reading
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Auto suppliers Metaldyne Corp. and Kolbenschmidt Pierburg AG are teaming to develop powertrain component systems for fuel-efficient vehicles. The companies, which will remain independent operations but collaborate on design and marketing, aim to help automakers more quickly develop fuel-efficient vehicles. German giant Kolbenschmidt owns more than 20% of the global... Continue reading
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There's still plenty of money over there in China, and some ambitious manufacturing companies with obvious strategic needs. So lately, whenever a U.S. company needs to sell something big, Chinese buyers feature prominently on the list of prospects.That was the case for General Electric Co.'s appliance division, for example. But... Continue reading
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It looks like Best Buy Co. could scoop up the vacant stores bankrupt competitor Circuit City Inc. is leaving behind after its liquidation. Chief executive Brad Anderson told Reuters at the World Economic Forum in Davos, Switzerland, that while the priority is to remain "cash strong," his company would consider... Continue reading
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- Continental sets date to switch airline alliances [Posted on January 29, 2009 at 3:45 PM]
- New ConocoPhillips deal strategy: Don't do 'em [Posted on January 29, 2009 at 3:17 PM]
- Auto suppliers align; others seek federal assistance [Posted on January 29, 2009 at 2:44 PM]
- Chinese-made Volvos? Maybe, maybe not [Posted on January 29, 2009 at 2:28 PM]
- Best Buy may buy Circuit City's vacant stores [Posted on January 29, 2009 at 2:10 PM]
- CBS gets comScore kudos, replaces MarketWatch [Posted on January 29, 2009 at 12:53 PM]
- What to make of the Kuwaiti K-Dow investigation? [Posted on January 29, 2009 at 11:23 AM]
- Ford burns billions, won't seek aid barring 'significant event' [Posted on January 29, 2009 at 9:46 AM]
- HealthCentral continues digital wellness rollup [Posted on January 29, 2009 at 9:05 AM]
- AOL cuts jobs, will it cut Bebo? [Posted on January 28, 2009 at 4:54 PM]
- Inside The Deal: Cravath's Jim Woolery on private bear hug hostiles [Posted on January 28, 2009 at 1:13 PM]
- Distressed Investing 2009 Video: KPS' Shapiro on strategics and distressed investing [Posted on January 28, 2009 at 11:42 AM]
- More on Pfizer's 'flexible and unique' biz model [Posted on January 28, 2009 at 11:40 AM]
- Cisco's march into energy conservation [Posted on January 28, 2009 at 10:06 AM]
- Total taps Canadian oil for $510M [Posted on January 28, 2009 at 9:21 AM]
- China and India bound [Posted on January 28, 2009 at 8:11 AM]
- From defense to offense [Posted on January 27, 2009 at 2:25 PM]
- Sikorsky Aircraft maneuvers for emerging-market growth [Posted on January 27, 2009 at 12:32 PM]
- Freeport: $13.1B charge on Phelps deal [Posted on January 27, 2009 at 11:50 AM]
- Hershey uses ads to fight Mars-Wrigley, posts sweet quarter [Posted on January 27, 2009 at 11:30 AM]
- Two cheers for two industrial CEOs [Posted on January 27, 2009 at 10:45 AM]
- McKinsey explores decline and recovery in past recessions [Posted on January 27, 2009 at 10:37 AM]
- Astellas Pharma offers $1B for CV Therapeutics [Posted on January 27, 2009 at 9:26 AM]
- Caterpillar follows mining boom to bust, 20,000 jobs cut [Posted on January 26, 2009 at 3:18 PM]
- Distressed Investing 2009 Video: Saybrook's Rosenthal on strategics and distressed investing [Posted on January 26, 2009 at 3:18 PM]
- Awaiting Pfizer-Wyeth's 'unique and flexible business model' [Posted on January 26, 2009 at 2:28 PM]
- Street approves of Pfizer-Wyeth, but risks abound [Posted on January 26, 2009 at 12:48 PM]
- Booz & Co.'s Gerald Adolph on the mood in boardrooms [Posted on January 26, 2009 at 8:30 AM]
- CME hires strategy director as CDS clearing unit awaits approval [Posted on January 23, 2009 at 3:00 PM]
- Harley: From pasta-rocket deal in July to layoffs in January [Posted on January 23, 2009 at 1:29 PM]
- Moody's negative on Clearwire debt [Posted on January 23, 2009 at 12:25 PM]
- NASCAR hits bumps, so racing teams merge [Posted on January 23, 2009 at 11:59 AM]
- FTC approval for Dow's Rohm deal said to be close [Posted on January 23, 2009 at 11:06 AM]
- A few quick questions on a potential Pfizer-Wyeth deal [Posted on January 23, 2009 at 10:08 AM]
- More proof of healthcare's strength in Abbott's earnings call [Posted on January 22, 2009 at 1:39 PM]
- Thai King honored for intellectual property awareness [Posted on January 22, 2009 at 1:01 PM]
- With $5B in free cash flow, UTC eyes buybacks and deals too [Posted on January 22, 2009 at 11:08 AM]
- High-flying startup lands Virgin Media exec [Posted on January 22, 2009 at 9:44 AM]
- Is Fiat buying a stake in Peugeot? [Posted on January 22, 2009 at 9:27 AM]
- Churchill Downs trots out restructuring [Posted on January 21, 2009 at 12:41 PM]
- BHP loses $3.7B on mining venture, cuts 6,000 jobs [Posted on January 21, 2009 at 12:17 PM]
- Constellation Energy dealmaker transitions to lead communicator [Posted on January 21, 2009 at 10:14 AM]
- Credit crunch sinks South Korean shipbuilding deal [Posted on January 21, 2009 at 10:05 AM]
- J&J eyes healthcare IT acquisitions [Posted on January 21, 2009 at 9:37 AM]
- Bankrupt Pilgrim's looks to unload grain elevator business [Posted on January 21, 2009 at 9:13 AM]
- Another Toyoda takes the wheel at Toyota [Posted on January 21, 2009 at 8:45 AM]
- IBM's software deals continue to pay off [Posted on January 20, 2009 at 4:49 PM]
- The inauguration as econ tutorial [Posted on January 20, 2009 at 2:24 PM]
- Streamlining AMD sells handheld assets to Qualcomm [Posted on January 20, 2009 at 11:28 AM]
- Fiat's reversal of fortune [Posted on January 20, 2009 at 9:58 AM]
- Inside The Deal: Jones Day's Profusek on reasons for optimism in 2009 [Posted on January 16, 2009 at 5:08 PM]
- Travelport promotes veteran M&A lawman [Posted on January 16, 2009 at 3:45 PM]
- Rohm: non-compete change just part of Dow merger agreement [Posted on January 16, 2009 at 2:39 PM]
- Recession prompts Samsung restructuring [Posted on January 16, 2009 at 12:33 PM]
- Gerhard Schroder and the geopolitics of Russian energy [Posted on January 16, 2009 at 10:31 AM]
- Telvent for sale, buyers circling [Posted on January 16, 2009 at 9:18 AM]
- More quietly hostile deals in 2009 [Posted on January 15, 2009 at 2:32 PM]
- Mystery move: Rohm nixes non-competes in Dow deal [Posted on January 15, 2009 at 2:02 PM]
- Electric car battery makers jostle for position [Posted on January 15, 2009 at 1:54 PM]
- Enron? Maybe Satyam is more like WorldCom [Posted on January 15, 2009 at 12:20 PM]
- Banks tank, but big companies are selling bonds [Posted on January 15, 2009 at 10:30 AM]
- Medtronic dealmaker jumps to medical device rival [Posted on January 15, 2009 at 9:28 AM]
- Inside The Deal: Deloitte's Carney on M&A megatrends [Posted on January 14, 2009 at 5:44 PM]
- Retrenching Rio Tinto to get new chairman [Posted on January 14, 2009 at 3:16 PM]
- Grab-bag IDT signs oil shale deal with France's Total [Posted on January 14, 2009 at 1:35 PM]
- Biotechs positioning themselves for Big Pharma alliances [Posted on January 14, 2009 at 11:20 AM]
- Genzyme's Termeer on the hidden costs of biotech deals [Posted on January 14, 2009 at 11:04 AM]
- Toshiba in risky deal talks with Fujitsu [Posted on January 14, 2009 at 9:35 AM]
- Is GM going bust, or green? Or maybe both? [Posted on January 13, 2009 at 5:00 PM]
- Inside The Deal: Paul Hastings' Michael Cohen on antitrust under Obama [Posted on January 13, 2009 at 2:47 PM]
- Bryan Marsal pokes fun at economic optimists [Posted on January 13, 2009 at 1:52 PM]
- Abbott CFO on pricing of Advanced Medical Optics deal [Posted on January 13, 2009 at 11:43 AM]
- Ditched deal by Eads shows tenor of times in boardroom [Posted on January 13, 2009 at 11:21 AM]
- China tech JVs hope for trade deal before Bush leaves [Posted on January 13, 2009 at 8:45 AM]
- CBS eyes YouTube, Hulu with revamped TV.com [Posted on January 12, 2009 at 5:52 PM]
- What's your 'free cash growth profile'? [Posted on January 12, 2009 at 4:03 PM]
- Air France-KLM's Alitalia deal a prelude to merger? [Posted on January 12, 2009 at 2:11 PM]
- The integration challenges of a Citigroup, Morgan Stanley JV [Posted on January 12, 2009 at 12:30 PM]
- Abbott's well-timed deal for Advanced Medical Optics [Posted on January 12, 2009 at 12:19 PM]
- Boeing adds to dismal job news, will cut 4,500 people [Posted on January 9, 2009 at 3:41 PM]
- More deals ahead, says Glaxo CEO [Posted on January 9, 2009 at 3:21 PM]
- Who's buying Circuit City, and why is Mexico so interested? [Posted on January 9, 2009 at 1:34 PM]
- For cross-border dealmakers, political risk spikes in tough times [Posted on January 9, 2009 at 12:50 PM]
- Tech execs bullish on 2009 M&A outlook [Posted on January 9, 2009 at 11:37 AM]
- Could latest Merrill departures foreshadow a stampede? [Posted on January 9, 2009 at 11:08 AM]
- Porn execs seek $5B federal bailout [Posted on January 8, 2009 at 4:57 PM]
- I-banker joins alt energy company to energize growth [Posted on January 8, 2009 at 4:04 PM]
- Dow Jones acquisition deepens global footprint [Posted on January 8, 2009 at 11:33 AM]
- Cisco promises stream of acquisitions, new products [Posted on January 8, 2009 at 10:10 AM]
- TD Ameritrade has cash for deals, buys Thinkorswim for $606M [Posted on January 8, 2009 at 9:45 AM]
- As sales slow, automakers look to JVs to round out R&D [Posted on January 8, 2009 at 1:01 AM]
- What does Satyam fraud mean for FDI in India? [Posted on January 7, 2009 at 5:19 PM]
- Sorry Google; Verizon chooses Microsoft [Posted on January 7, 2009 at 2:20 PM]
- Dow's Liveris in a ripping M&A yarn [Posted on January 7, 2009 at 1:42 PM]
- Cisco acquisitions deliver in burgeoning consumer business [Posted on January 7, 2009 at 10:34 AM]
- China's $41B telecom stimulus [Posted on January 7, 2009 at 9:53 AM]
- GM China JV feels auto slump [Posted on January 6, 2009 at 2:30 PM]
- Broker boss bails at BofA: Culture clash or turf battle? [Posted on January 6, 2009 at 1:31 PM]
- Corporate M&A hiring in 2009 [Posted on January 6, 2009 at 1:06 PM]
- 'Shocked' Dow Chemical pursues legal action against Kuwaitis [Posted on January 6, 2009 at 9:11 AM]
- Universal takes $150M for Rogue unit [Posted on January 5, 2009 at 2:28 PM]
- Open-source platform sinks Sony, Motorola JV [Posted on January 5, 2009 at 11:30 AM]
- Pfizer sees acquisitions as good medicine [Posted on January 5, 2009 at 9:43 AM]
- Verizon-Alltel to close Friday; integration moves await [Posted on January 5, 2009 at 9:24 AM]
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