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Monopolies In Space
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Mergers
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Monopolies In Space
mergers and acquisitions
Budweiser Sold To The Maker Of Stella Artois, Becks
It seems that $70 a share was enough for Anheuser-Busch — the brewer agreed to sell itself to Belgian beer giant InBev over the weekend. The new company will be called Anheuser-Busch InBev, and its board will have room for two former A-B executives, including A-B CEO, August A. Busch IV. More »
mergers and acquisitions
Yikes: Blockbuster Dumps Plan To Buy Circuit City
Blockbuster has finished snooping around Circuit City's medicine cabinet and the verdict is in: Blockbuster has changed its mind. More »
mergers and acquisitions
Anheuser-Busch Rejects Foreign Takeover Bid
Anheuser-Busch says that is going to fight a takeover bid by Belgian brewer InBev by cutting staff and finding savings of over $1 billion, the St. Louis-based brewer announced today. They also plan to increase profits and repurchase stock. More »
mergers
United Airlines And Continental Partner Operations
Circling the winged wagons, United Airlines and Continental announced they're partnering up into something just shy of a full merger. Continental will try to join the Star Alliance Network and the airlines will begin code-sharing on some routes. Travelers will be able to spend frequent flyer miles earned with one on the other. Might want to avoid flying them for a while until we see how well they two manage to integrate their systems, because, if there's one thing airlines are good at, it's screwing up.
United, Continental Form Broad Marketing Alliance [WSJ]
Continental Airlines and United Airlines Announce Comprehensive Plan for Global Cooperation; Continental Plans to Join Star Alliance [Press Release]
(Photo: So Cal Metro)
mergers and acquisitions
Should The Proposed Sale Of Anheuser-Busch To A Belgian Brewer Be Stopped?
Missouri governor Matt Blunt has sent a letter to the Federal Trade Commission, "asking for a federal review of the proposed sale of Anheuser-Busch Cos. to Belgian brewer InBev," says the AP. Blunt is concerned that allowing the maker of Becks and Stella Artois beers to buy the St. Louis-based brewery could create a "near monopoly" in the US beer market, and that it would damage the Missouri economy. More »
mergers and acquisitions
Bank of America Receives The OK To Buy Countrywide
It is done! The Federal Reserve has given the OK for Bank of America to buy subprime poster child Countrywide Financial Corp.. Bank of America CEO, Ken Lewis, says that even though the mortgage market has deteriorated significantly since the bank offered to buy the mortgage lender, buying Countrywide is still a good deal because the housing market is going to improve "by early next year." More »
Verizon confirms that it is buying Alltel. "This move will create an enhanced platform of network coverage, spectrum and customer care to better serve the growing needs of both Alltel and Verizon Wireless customers for reliable basic and advanced broadband wireless services," said Lowell McAdam, Verizon Wireless president and chief executive officer. [Yahoo!]
mergers and acquisitions
Verizon Close To Buying Alltel For $27 Billion
CNBC is reporting that Verizon Wireless is deeply involved in talks to buy rural cellphone giant Alltel Wireless for an estimated $27 billion. Alltel was recently taken private TPG and Goldman Sachs Capital Partners. More »
The New York Times says that the merger talks between United Airlines and US Airways have fallen apart. Boohoo. [NYT]
mergers and acquisitions
United Airlines Talking Merger With US Airways, Keeping Continental On The Side
United Airlines is a slut. The airline has been talking merger with US Airways, even going so far as to make it clear that US Airways CEO Doug "I'm OK To Drive" Parker can be the CEO of the combined company when United boss Glenn Tilton retires, says Reuters. Meanwhile, while the airline has been talking marriage, family and kids with Parker, it has been negotiating with Continental on the side — trying to form an "alliance" of some kind. Continental, of course, is already dating American AND British Airways! More »
ominous
Blockbuster + Circuit City = "Exclusive Content and Content-Enabled Devices"
Blockbuster has recently drawn the ire of movie enthusiasts by inking "exclusive" rental deals with the likes of IFC. The upshot of this deal is that Blockbuster will retain the exclusive physical rental distribution rights for IFC titles for three years after each street date. Why is this important? Because Blockbuster CEO Jim Keyes wants to buy Circuit City for the following reason: More »
mergers and acquisitions
Thanks, Bank of America: "I Deposited A Check That Dosen't Exist, And I Have A Receipt."
It seems that everything isn't going so swimmingly during the transition from LaSalle Bank to Bank of America. One reader says that a check he deposited and has a receipt for has mysteriously disappeared... More »
warning signs
17 Signs You May Be Out Of A Job Soon
If you're still on the fence about whether to spend your stimulus check, pay off debt with it, or stock up on ramen noodles, this checklist may help you decide. Some of the tips are pretty unnecessary—"your job duties are marginalized" and "your company plans to move to a smaller building" shouldn't be hard to decipher. It never hurts to remind yourself about some of the signs of an impending downsize, however. More »
mergers
American Airlines Flirting With US Airways On Possible Merger
An unnamed source has told Reuters that American Airlines is in talks with US Airways about a possible merger—and that it's also in talks with Continental about sharing passengers! Meanwhile, Continental is currently in talks with United about a possible merger of its own, and has said it will only choose one partner eventually. United, on the other hand, is not only pursuing Continental but is also in talks with US Airways about a merger. Yes, we have an airlines romantic triangle, folks. Someone's heart is going to end up broken. More »
mergers and acquisitions
Thinking of taking a trip but can't remember which airlines are bankrupt and which ones are part of Delta? We know it can be difficult—that's why we've put together a little cheat sheet to help you get through this time of uncertainty.
More »
The Ultimate Airline Bankruptcy And Merger Cheat Sheet
Thinking of taking a trip but can't remember which airlines are bankrupt and which ones are part of Delta? We know it can be difficult—that's why we've put together a little cheat sheet to help you get through this time of uncertainty.
More »
mergers and acquisitions
Northwest Airlines Breaks The Bad News To Its Frequent Fliers
We hope all you Northwest Airlines frequent fliers secretly had a thing for Delta, because you've been merged.
More »
Delta and Northwest have finally agreed to merge together and form the world's crappiest airline. The new airlines will be known as "Delta." Are airline mergers like bank mergers, where the losing party in the deal usually gets to become the new namesake? [NYT]
