Procter & Gamble’s plan to acquire Gillette for $57 billion has been approved by shareholders of both companies. As a result of the merger, P&G will increase the products it sells, adding items like razors and batteries.
Symantec, Veritas Shareholders Endorse Merger
The planned merger received the stamp of shareholder approval today in overwhelming fashion.
Justice Department Rubber Stamps US Airways Merger
The proposed merger of America West and US Airways earned the approval of a federal antitrust official.
Unicredito and HVB To Cut 9,000 Jobs Upon Merger
If the planned merger of Unicredito and Germany’s HVB Group goes through, the companies plan to cut 9,000 jobs. This would lead to a 50% jump in operating income for the two banks.
Apple And Intel Merger Theorized
Legendary pundit Robert X. Cringely thinks there’s more to Apple’s switch to Intel chips besides giving developers a headstart on porting applications.
ProLogis and Catellus Boards Approve Merger
The boards of ProLogis and Catellus Development have approved the acquisition of all Catellus’s outstanding common stock by ProLogis.The deal is valued at approximately $4.9 billion, including assumed liabilities and transaction costs.
America West US Airways Merger Not Without Problems
Last week, America West Holdings and US Airways announced that they plan to merge to create a nationwide airline that is competitive with low-fare carriers.
Valero Energy and Premcor Enter Merger
Valero Energy and Premcor have entered a merger agreement for Valero to acquire Premcor for $8 billion.
Merger Brings Joy to Archipelago
The New York Stock Exchange (NYSE) is merging with the Archipelago Exchange (ArcaEx) to become NYSE Group, Inc. which will be publicly held.
The Adobe/Macromedia Merger: More Than A Monopoly?
Recently, those that follow the Internet technologies/graphics and multimedia industry were greeted with some rather interesting news: Adobe and Macromedia have agreed to a deal which allows Adobe to purchase Macromedia for an estimated 3.4 billion dollars (USD).