The Deal
Friday, November 20, 
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Entries tagged "speculation"

Who might snack on Heinz?

H.J. Heinz Co. has been rumored as a takeover target this week by Barron's, but don't expect to see the ketchup giant on the auction block anytime soon given the state of the financial markets. However, the topic of who might gobble up Heinz is still worth ruminating over. ...


BusinessWeek liquidates the airline industry

BusinessWeek makes the doom and gloom case for airlines, breathlessly naming US Airways Group Inc., AirTran Holdings Inc., JetBlue Airways Corp. and Air Canada as candidates for liquidation in 2009. Maybe so. Despite the magazine's proclamations, there is ample reason for investors and passengers alike not to run from those carriers just yet. ...


Rabble Babble: Citi wants to buy a bank like Chevy Chase?

That's right. Citigroup Inc. is in talks to buy Chevy Chase Bank FSB, but it is not alone in its interest for the troubled Bethesda, Md.-based regional bank, according to The Wall Street Journal. But, does it matter? And will it help the troubled giant?...


Malone: Discovery-Scripps deal 'unlikely'

Media and technology billionaire John Malone does not expect the newly restructured Discovery Communications Inc. to buy Scripps Networks Interactive Inc., a Pali Capital Inc. analyst blogged Friday....


Rabble Babble: Anyone wanna buy a bank called WaMu?

Anybody want a bank? After Moody's Investors Service further cut Washington Mutual Inc.'s credit rating, executives at the Seattle-based thrift continue to weigh all the options, from a straightforward sale to raising new capital to a government-assisted takeover. All the news surrounding the bank has investors talking. Here are the latest rumors and reports. ...


Nestle may swallow part of Hershey

The London Daily Telegraph reported that Hershey Co. is working on selling a 25% stake in itself to Nestle SA, with an option for Nestle to buy the remaining stake within the next two years. ...


Bank Watch: Market eyes J.P. Morgan as WaMu suitor, but still no deal

J.P. Morgan Chase & Co. has surfaced as a leading candidate to acquire at least a part of shaky Washington Mutual Co., the nation's largest savings and loan. ...


Bank Watch: BofA and Merrill?

Like a river overflowing its banks, the rumors surrounding Lehman Brothers Inc. and Washington Mutual Inc. continue to surge back and forth. Now getting caught up in the deluge: Merrill Lynch & Co. ...


Will News Corp. pick up more of Premiere?

Speculation about two of Europe's largest commercial TV groups reached a fevered pitch on Thursday, as a director at Rupert Murdoch's News Corp. took the helm at German pay-TV group Premiere AG, and a former ITV plc boss joined the board of one-time bidder Virgin Media Inc....


BG Group's next target may be Santos

As soon as BG Group plc abandoned Tuesday its hostile A$13.8 billion ($11.3 billion) bid for Origin Energy Ltd. after ConocoPhillips Co. snared the Sydney group with a far more lucrative joint venture, speculation began about the U.K. company's next target. ...


Bayer bid a rumor, Pfizer woes not a rumor

Indiplon. Exubera. Dalbavancin. Torcetrapib. Chantix. Quick quiz: What do these names have in common?  No, they're not rap stars or distant planets. They're all high-profile drugs from New York's Pfizer Inc. that have tanked or run into big problems the past couple years. The antibiotic dalbavancin, aimed at nasty super-resistant bugs like MRSA, was in line for regulatory approval when Pfizer said Tuesday it would have to put it through more testing.Pfizer's poor track record of late was the backdrop to unfounded rumors Tuesday morning that it was mulling a takeover bid of Germany's Bayer AG. Investors reacted by driving...


Is Frontier Oil for sale?

The Wall Street Journal stirred up some dust Thursday with its report that Houston oil refiner Frontier Oil Corp. might be the target of a buyout, given that options trading in the company jumped to three times its normal level....



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Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


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Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



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