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FCA Blames French Politics As It Pulls Renault Merger Proposal
Thursday, June 6, 2019 - 12:44pm | 567Read More...Within hours of a potential deal, the board of Fiat Chrysler Automobiles (NYSE: FCAU) yanked its proposed merger with Groupe Renault (OTC: RNLSY) in what would have created a $35 billion automobile powerhouse. The board laid the blame squarely on politics in Renault's native France, which controls...
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Jefferies Upgrades E-Trade Financial, 'A Unique And Scarce Asset'
Wednesday, September 19, 2018 - 10:30am | 423Read More...With a potential sale looming, shares of E-Trade Financial Corp. (NASDAQ: ETFC) are attractive, according to Jefferies. The Analyst Jefferies analyst Daniel Fannon upgraded E-Trade Financial from Hold to Buy and maintained a $65 price target. The Thesis The upgrade demonstrates the...
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With CVS Merger Looming, Cantor Fitzgerald Shifts To Neutral Stance On Aetna
Thursday, August 23, 2018 - 12:18pm | 444Read More...With a merger of CVS Health Corp. (NYSE: CVS) and Aetna Inc. (NYSE: AET) pending regulatory approval, Cantor Fitzgerald downgraded the health insurer on valuation. The Analyst Cantor Fitzgerald analyst Steven Halper downgraded Aetna from Overweight to Neutral with a price...
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Cramer: AT&T-Time Warner Decision A 'Huge Positive' For Overall Market
Wednesday, June 13, 2018 - 11:25am | 421Read More...A federal judge's approval Tuesday of AT&T Inc. (NYSE: T)'s proposed acquisition Time Warner Inc (NYSE: TWX) should be viewed as "a huge positive" for not only media companies but the overall market, according to CNBC's Jim Cramer. What Happened One of the...
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Marathon Petroleum, Andeavor Reach Merger Agreement
Monday, April 30, 2018 - 2:22pm | 363Read More...Marathon Petroleum Corp. (NYSE: MPC) and Andeavor (NYSE: ANDV) announced a merger agreement Monday. What Happened Marathon Petroleum will acquire all outstanding Andeavor shares in a deal worth $23.3 billion, the companies said. The offer represents a 24.4-percent premium to...
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AT&T Counsel: 'No Credible Evidence' Merger Will Hurt Consumers, Competition
Tuesday, November 21, 2017 - 6:29pm | 484Read More...The Justice Department is taking action to block AT&T Inc. (NYSE: T)'s proposed merger with Time Warner Inc (NYSE: TWX). What You Need To Know The Justice Department is suing to block the $85 billion mega-merger, as it said the combined entity would result in "fewer innovative...
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Willis Group And Towers Watson Merge To Form $18 Billion Company
Tuesday, June 30, 2015 - 11:36am | 468Read More...Shares of Willis Group Holdings PLC (NYSE: PLC) spiked higher by more than 5 percent Tuesday morning after the company announced it signed a definitive merger agreement under which it will combine with Towers Watson & Co (NASDAQ: TW) in an all-stock merger of equals transaction. Willis...
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A Look At How Twitter Could Fund A Nearly $1 Billion SoundCloud Acquisition
Monday, May 19, 2014 - 4:17pm | 460Read More...Twitter (NYSE: TWTR) is rumored to be considering the acquisition of SoundCloud, according to the web site Re/code. SoundCloud is a music streaming site with 250 million users, the same amount as Twitter. SoundCloud is worth at least $700 million, based on a $60 million round of funding the...
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Pfizer's Heart Races Of AstraZeneca Amidst Rumored Deal & Drug Approval
Thursday, May 8, 2014 - 3:23pm | 937Read More...Pfizer (NYSE: PFE) continues to pursue AstraZeneca plc (NYSE: AZN) despite three rejections this year and grave concern by U.K. politicians. History Of Bids On May 1, 2014, Bloomberg reported that Pfizer could raise its bid for AstraZeneca to more than $106 billion (63 billion pounds) and...
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AT&T Pulls Plug On Merger
Tuesday, December 20, 2011 - 3:21pm | 323Read More...Editor's note: This article originally posted @ 10:30 p.m. Monday, over at Market Ticker Out this afternoon.... AT&T Inc. (T) abandoned a $39 billion bid to acquire T-Mobile USA after opposition from U.S. regulators, thwarting its effort to become the country's biggest wireless carrier. The...
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Can AT&T Still Make the Merger Happen?
Wednesday, November 23, 2011 - 1:48pm | 612Read More...Hailed as the deal to reshape the wireless communications industry back in March, the proposed T-Mobile USA acquisition by AT&T (NYSE: T) appears to be approaching a point of no-return as another hurdle got piled in its way as it approaches a September 20, 2012 consummation deadline. The...
