7 result(s) displayed (1 - 7 of 7):

United Tech earnings, acquisition targets (from Corporate Dealmaker)

Industrial conglomerate United Technologies Corp. (NYSE:UTX), schlepping through the economic downturn with a restructuring program that cost it 15,000 jobs and $800 million this year, plans to "keep a lid on costs until it sees revenues solidly returning," CFO Greg Hayes said to analysts. The Hartford, Conn., company expects a...

Posted on October 21, 2009 4:00 PM

Why such a quiet August for corporate dealmakers? (from Corporate Dealmaker)

Announced U.S. M&A for the month hit a 15-year low, coming in at just $13 billion, according to Thomson-Reuters. That's the lowest total since February of 1994.How to square this with all the avowals of interest in dealmaking in the current climate we heard earlier in the year from the...

Posted on August 28, 2009 9:37 AM

GE Security sale: Must be some lessons there (from Corporate Dealmaker)

Looks like the Financial Times has confirmed Bloomberg's Wednesday report that General Electric Co. (NYSE:GE) has put its security unit up for sale. Pipeline subscribers can read Lou Whiteman's account here, and Lou expects to have more on the story later. Meanwhile, a few quick thoughts.Especially after 9/11, security gear--for...

Posted on August 27, 2009 11:15 AM

Tough climate for M&A, cont'd (from Corporate Dealmaker)

Monday we noted three hostile deals abandoned in one day. Tuesday Rob Kindler, a vice chairman at Morgan Stanley in New York, weighs in via a Bloomberg article: "With credit markets now in total disarray, M&A will be exceptionally slow for the rest of the year, excluding deals driven by...

Posted on October 14, 2008 1:11 PM

Wouldn't a little more hostility be reassuring? (from Corporate Dealmaker)

For hostile bids, the score Monday is three abandoned, one renewed.Abandoned, as you can see on New York Times Dealbook, are United Technologies Corp. pursuit of Diebold Inc., Vishay Intertechnology Inc.'s bid for International Rectifier Corp. and Waste Management Inc.'s tender for Republic Services Inc. Ongoing is King Pharmaceuticals Inc.'s...

Posted on October 13, 2008 4:20 PM

Are 'hostile' deals the tip of an iceberg? (from Corporate Dealmaker)

Are we seeing more unsolicited takeover proposals these days? It sure seems like it. NRG Energy Inc.'s bid for   Calpine Corp., revealed late Wednesday, is just the latest example. Other pursuits-in-progress include Staples Inc.'s bid for Corporate Express NV of  Amsterdam, United Technologies Corp.'s offer for Diebold Inc., Electronic Arts...

Posted on May 22, 2008 11:27 AM

UTC's reputation an asset in pursuit of Diebold (from Corporate Dealmaker)

Ever since I heard an acquisitive CEO talk about the importance of his company's "M&A persona"--by which he meant the image the firm projects to targets, regulators, and customers--I've been interested in the importance of a company's reputation to its...

Posted on March 4, 2008 10:26 AM