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INTC Buys Wireless Unit From Infineon
Monday, August 30, 2010 - 1:15pm | 195Read More...Intel Corp (NASDAQ: INTC) said on Monday that it had agreed to acquire the wireless unit of Infineon Technologies AG (NASDAQ: IFNNY) for $1.4 billion (EUR1.1 billion) in cash. The deal enables the world's largest semiconductor company, which has so far been focusing on personal computers, to...
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SNY Falls As It Seeks US Acquisition
Friday, July 2, 2010 - 9:50am | 84Read More...Shares of French drugmaker Sanofi-Aventis (NYSE: SNY) moved down in pre-market trading as the company is planning an acquisition in the US. The Paris, France-based company is looking for a deal worth around $20 billion. SNY has, however, not disclosed any details yet. SNY’s shares have fallen 14.45...
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AES To Acquire Premier Power Limited For $150 Million
Friday, July 2, 2010 - 8:22am | 185Read More...The AES Corporation (NYSE: AES) has agreed to acquire BG Energy Holdings’ Premier Power Limited (PPL) in an all cash transaction. The Arlington, Virginia-based company is purchasing a 1,246 megawatt natural gas-fired Ballylumford Power Station from BG Group. The company is buying the power plant,...
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STST Soars On Acquisition News
Wednesday, June 30, 2010 - 10:31am | 165Read More...Shares of Argon ST Inc (NASDAQ: STST) soared as Boeing (NYSE: BA) agreed to buy the company in a cash deal worth $775 million. BA aims to enlarge its potential in intelligence and reconnaissance sensors through this acquisition. Boeing, the Chicago-based company, is planning to fund the deal with...
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Celgene Acquires ABII For $2.9 Billion; Expects Deal To Boost 2015 Revenue By $1 Billion
Wednesday, June 30, 2010 - 8:02am | 177Read More...Celgene Corporation (NASDAQ: CELG) has agreed to buy Abraxis BioScience Inc (NASDAQ: ABII) in a cash and stock deal amounting to $2.9 billion. CELG has acquired ABII in order to enlarge its oncology pipeline. As per the deal, the Summit, New Jersey-based company will give each ABII shareholder $58...
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Noble Shares Gain In Pre-Market After Signing Acquisition Deal With Frontier, Contracts With Shell
Monday, June 28, 2010 - 8:09am | 234Read More...Noble Corporation (NYSE: NE), an offshore drilling contractor, has signed a merger agreement to acquire the privately-held FDR Holdings Limited (Frontier) in a cash transaction worth $2.16 billion. The Baar, Switzerland based company expects the deal to close by the end of July 2010. The...
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Ralcorp Holdings Acquiring American Italian Pasta Company At 27% Premium
Monday, June 21, 2010 - 8:02am | 122Read More...The boards of Ralcorp Holdings Inc (NYSE: RAH) and American Italian Pasta Co (NASDAQ: AIPC) have collectively agreed over a definitive merger in a deal valued at $1.2 billion. As per the deal, Ralcorp would pay $1.2 billion to buy all of the outstanding common stock of AIPC for $53 per share in...
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Covidien Acquiring Somanetics At A 32% Premium
Wednesday, June 16, 2010 - 8:25am | 158Read More...Healthcare products company Covidien plc (NYSE: COV) has signed a deal with Somanetics Corporation (NASDAQ: SMTS) to acquire all the outstanding shares of SMTS for $298.7 million in cash. According to COV, the deal to acquire medical device maker will help the company in widening its medical...
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Takeout Possibilities in the Mobile Ecosystem
Thursday, May 27, 2010 - 8:36am | 1336Read More...On the heels of the pending transaction between Hewlett-Packard (HPQ) and Palm (PALM) as well as announced Google (GOOG)-AdMob and Apple (AAPL)-Quattro Wireless, we are left wondering what other players are potential takeover targets for either strategic reasons or opportunistic ones. Little...
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Longtop Financial Technologies Limited (NYSE:LFT) Among Biggest Losers
Wednesday, January 13, 2010 - 11:38am | 69Read More...Longtop Financial Technologies Limited (NYSE: LFT) is lower by 9.0% following the official news that Giantstone was acquired as planned. Giantstone will give Longtop Financial Technologies Limited a proprietary core banking system, and a current banking development project with one of China’s...
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Hudson City Breaking Out
Tuesday, December 29, 2009 - 4:29pm | 117Read More...Shares of Hudson City Bancorp (NASDAQ: HCBK) have broken out to a fresh 3-month high of $13.86 in afternoon trading. Hudson City was able to break through strong resistance at the $13.70 level. During the last three months the stock had formed a “double top” at $13.70-13.77 level. The next area of...
