Archive for the 'Urge to merge' Category

We were going to write about something else this morning, but the big news that Google (GOOG) agreed to buy Motorola Mobility (MMI) in a $12.5 billion deal prompted us to change our plans. The WSJ live-blogged the conference call and there’s plenty of other breathless coverage pointing out that this is Google’s biggest deal [...]

Last week, Petrohawk Energy Corp. (HK) announced that the company would be sold to BHP Billiton Ltd. (BHP) in a $12.1 billion cash deal. Since that news broke on July 14, shareholder Astor BK Realty Trust filed suit to enjoin the sale, alleging – according to a Bloomberg article - that “The board’s acceptance of BHP’s [...]

A takeover fight always makes for good sport, and so we were as excited as anyone* by the announcement yesterday that Williams Cos. (WMB) was making a $4.9 billion all-cash hostile bid for Southern Union (SUG), the pipeline company that announced its betrothal just last week to Energy Transfer Equity (ETE) in a $4.2 billion equity [...]

Despite having some of the most popular entertainment brands out there — American Idol and So You Think You can Dance — investors in CKX (CKXE) haven’t exactly benefited from that massive popularity over the past few years. The only reason the stock has bounced up recently was its announcement last month that it has [...]