The company plans on using its collapsed merger with Sprint as a spring board to future M&A deals. On Thursday, T-Mobile’s CFO disclosed that the third biggest carrier will propose a “significant” share buyback that could begin in December. The… Read More ›
The industrial giants have agreed to stand shoulder to shoulder to withstand the assault of China state-owned railways – CRRC Corp Ltd. In a significant development, French industrial group Alstom SA has agreed to merge its railways business with its… Read More ›
The development marks a rare defeat for investment mogul Warren Buffet. As per a source familiar with the matter at hand, Energy Future Holdings, a bankrupt Texas utility is likely to abandon a deal to sell Oncor, a power transmission… Read More ›
Finding debt financing for 18 months was the Achilles heels of the deal. If the deal would have gone through, it would have created history. According to sources familiar with the matter at hand, BMC Software Inc, a private equity-owned… Read More ›
The activist investor was instrumental in pushing Whole Foods to sell itself. In 3 months the hedge fund made more than 300 million in profits. As per a regulatory filing, activist investor Jana Partners LLC has cashed out of its… Read More ›
The deal places the combined company ahead of Exxon Mobil Corp. On Monday, EQT Corp, a U.S. oil and gas company disclosed it would be acquiring its peer, Rice Energy for $6.7 billion and create the biggest natural gas producer… Read More ›
The U.S. groceries market just got hotter. Last year, when Wal-Mart Stores Inc acquired its peer Jet.com for $3 billion it created the world’s biggest brick-and-mortar retailer, eclipsing arch rival Amazon. Last Friday, Amazon.com Inc countered the move with its… Read More ›
Toronto-based Starwood is vying to acquire Dallas based Milestone for$1.3 billion. As per sources familiar with the situation, Starwood Capital Group has entered in talks with Milestone Apartments Real Estate Investment Trust, to raise its bid for its $1.3 billion… Read More ›
Under the leadership of CEO Doug McMillon and e-commerce chief Marc Lore, Wal-Mart is steadily closing the gap with rival Amazon.com Inc. With Wal-Mart Stores Inc working strategically to gain the upper hand against the world’s biggest online retailer, it… Read More ›
In 2016 Abbott Laboratories shares have traded in the range of $37 to $45. As per the Barron’s report the shares make a good buy since Abbott’s Laboratories acquisition of St Jude have skewed its global profile to the U.S…. Read More ›
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