SLM (SLM) Buy-out is dead and company revises numbers down for 2008. Down to $27.63 from 52-week high of $58.Office Depot (ODP) Soft guidance. Falls to $14.68 from 52-week high ... Read Full Story »
According to Reuters, Citigroup (C) and other large banksare planning to create a roughly $80 billion fund to buy ailing mortgage securities and other assets.Reuters writes that Medtronic (MDT) is ... Read Full Story »
"Judges traditionally have been skeptical of buyers' efforts to walk away from acquisitions by arguing that economic or regulatory conditions have changed so much that deals should be terminated, several ... Read Full Story »
There are still a lot of private equity deals to be closed. They were announced before the current credit disaster. And, many of them are not going to get broken ... Read Full Story »
It did not take Sallie Mae (SLM) long to sue the private equity firms that planned to buy it, and the banks that were to fund the deal. The lead ... Read Full Story »
According to Reuters, Sallie Mae (SLM) sued the buyers who walked away from a deal to buy the company.Reuters writes that Yahoo! (YHOO) will buy 10% of Alibaba, the Chinese ... Read Full Story »
The FT ran a piece in which research firm Sanford Bernstein is quoted as saying that loses at Bank of American (BAC) and JP Morgan (JPM) will be just as ... Read Full Story »
When JC Flowers waked away from its $60 bid for Sallie Mae (SLM) and then returned with a lower bid, Wall St. questioned whether the company's board had any recourse. ... Read Full Story »
According to Reuters, Verizon (VZ) is launching three new phones for the holidays, One will compete directly with the Apple (AAPL) iPhone.Reuters writes that Microsoft (MSFT) is releasing a new ... Read Full Story »
According to Retuers, BA (BAB) ordered $8.2 billion in planes from Airbus and Boeing (BA) .Reuters writes that Marriott (MAR) plans to quadruple its hotels in China.Reuters reports that first ... Read Full Story »
SLM Corp. (NYSE:SLM), or Sallie Mae, has announced that it has been informed by a representative of the buyer group led by J. C. Flowers, Bank of America (NYSE:BAC) and ... Read Full Story »
Now that Goldman Sachs (GS) and KKR have walked away from Harman (HAR), the question is which private equity deal will fail next.Here is a short list of the deals ... Read Full Story »
Private equity firms J. C. Flowers & Company and Friedman Fleischer & Lowe were going to buy Sallie Mae, the student loan organization, for $25 billion. When credit problems started ... Read Full Story »
According to Reuters, Nasdaq (NDAQ) and Borse Dubai will team up and buy the Swedish OMX. Reuters writes that Sony (SNE) will delay the launch of its Home online community ... Read Full Story »
There are over 150 pending mergers out there that have not yet closed. After last week's Fed actions, there are still some deals out there that are perceived to be ... Read Full Story »