Mergers >>>

    Kenexa Agreed to IBM Offer Without Other Talks

    Kenexa Corp., the maker of human resources software that agreed to be acquired by International Business Machines Corp. for about $1.3 billion last month, didn’t seek out any other bidders, according to a preliminary proxy filing yesterday. Kenexa’s board concluded that, because it had not been approached by other companies despite consolidation among peers and IBM’s final offer [...]


    Pandora Valued Below Industry Average as Profit Lags Revenue


    Global Deal Volume: Aerospace & Defense


    Avery Disputes DOJ’s Take on 3M Deal

    The U.S. Department of Justice was wrong when it said 3M Co. and Avery Dennison Corp. had called off their $550 million office products deal, Avery Chief Executive Officer Dean Scarborough said. “It does not mean that we are abandoning the transaction, he said during a Bank of America Corp. conference yesterday. “I want to be clear [...]


    Sealed Air Cash Flow Seen Rising, With Industry’s Lowest Valuation


    Lexmark Takeover Seen With Cheapest Shares

    Lexmark International Inc. is poised to lure potential buyers with the least expensive technology valuation in America as the printer company’s closure of its inkjet operations spurs takeover speculation. While Lexmark’s decision to close the inkjet business and cut 13 percent of its workforce prompted a 14 percent rally on Aug. 28, the company’s enterprise value is [...]


    Brocade Seen Gaining 32% on Deal After CEO Exit

    Brocade Communications Systems Inc., which has been trying to sell itself for more than two years, is a step closer to unlocking a 32 percent gain for shareholders now that its chief executive officer is on his way out. The maker of computer switches for data-storage networks said last week that Michael Klayko will step [...]


    Coventry Takeover Doesn’t Help Rivals’ Stocks

    Aetna Inc.’s agreement to buy Coventry Health Care Inc. for $7.3 billion likely means it won’t make other large deals while it focuses on integrating Coventry. Aetna’s Chief Financial Officer Joseph Zubretsky said on a conference call that Aetna’s “highest priority” would be to close the Coventry deal and integrate it, rather than making more large acquisitions. “We’re [...]


    AT&T’s NextWave Takeover Began as Asset Sale

    NextWave Wireless Inc., the once-bankrupt company that holds wireless spectrum licenses, was in talks with AT&T Inc. on an asset sale before the two sides reached a takeover agreement earlier this month, according to an Aug. 17 preliminary proxy filing. AT&T, the largest U.S. telephone company, agreed to buy NextWave in a deal worth as [...]


    Peet’s Agreed to Sole ‘Eager Buyer’ Benckiser

    Peet’s Coffee & Tea Inc., the California-based retailer that agreed to be acquired by Joh. A. Benckiser for about $1 billion last month, didn’t collect any other bids and decided to sell itself less than two months after it was first contacted by the buyer, according to an Aug. 9 preliminary proxy statement. The coffee [...]


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