Word: stockings
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Home Rules Britain's Financial Services Authority warned investors that a foreign takeover of the London Stock Exchange could dramatically alter the regulatory regime of its companies. The LSE late last month rejected a $2.4 billion bid from rival Deutsche...
Forget the accounting scandals, the CEOs fending off fraud charges, the churning stock market. The business world has become obsessed with corporate nuptials. Merger mania is back, executives are cashing out and, if history is any guide, investors should be running for cover. A couple of months ago, Kmart and Sears got engaged. Then Nextel and Sprint announced their $35 billion wedding. Johnson & Johnson is buying Guidant, a maker of medical devices, for $24 billion. Two of the splashiest deals came last week: SBC, the Baby Bell based in San Antonio, Texas, looked poised to swallow its former parent...
...nine mergers valued at more than $50 billion, the acquirer's share price is down an average of 46% from premerger levels, according to FactSet Mergerstat, a research firm in Santa Monica, Calif. Maybe you already knew that if you're a longtime owner of Hewlett-Packard, whose stock has flatlined since the company acquired Compaq in 2002. AOL's merger with Time Warner (parent company of TIME) may have set a new standard of paired futility, erasing some 80% of the merged company's stock value. After the hype subsides, more often than not, investors wind up with...
...part, it's a self-perpetuating cycle. Once a few big companies in an industry join forces, everyone else feels compelled to hook up. (In consumer products, the betting now is that Kimberly-Clark and Colgate will be next.) The buying binge is also being fueled by rising stock prices--and the loads of cash piling up on corporate balance sheets. The S&P 500 is up 40% from its 2002 low, and companies in the index are sitting on $2.3 trillion in cash. Writing dividend checks is one way to spend the largesse. Microsoft paid $32 billion in dividends...
...Boston, can't complain. Their shares were already up sharply over the past year, even before the 18% premium that P&G's bid provides. CEO James Kilts, for one, stands to make an estimated $123 million from selling his firm to P&G, based on last week's stock prices and options that will vest when the ink on the deal dries. Famed investor Warren Buffett has also scored big, reaping a paper profit of $567 million for Berkshire Hathaway, which owns 96 million Gillette shares. "It's a dream deal," he said in a statement, pledging to raise...