Just a week after American Apparel officially bid adieu to its founder Dov Charney after a six-month suspension, the company confirmed it has been approached with a takeover offer that would reinstate the disgraced official. [More]
takeovers
Men’s Wearhouse Raises Its Bid For Jos. A. Bank, Tells It To Ditch Eddie Bauer Deal
By 2.24.14
We’re not sure if this is some kind of awkward mating ritual or a true test of wills, but the back-and-forth between Men’s Wearhouse and Jos. A. Bank just keeps getting nuttier: Men’s Wearhouse wants Jos. A. Bank so bad, it’s upped the ante and raised its takeover bid by about $1.78 billion. But it’s also saying Jos. A. Bank has to dump its newest fling, Eddie Bauer. [More]
Not So Fast: Judge Blocks Wachovia Sale To Wells Fargo, Citibank Rejoices
By 10.5.08
Tsk tsk, Wells Fargo. You should’ve known that stealing Citibank’s unspoiled bride at the alter was going to draw a bitter legal challenge. Late last night, Citibank’s team of repo-lawyers claimed a partial victory, announcing that a New York judge has agreed to block Wachovia’s sale. Citibank is also demanding $60 billion from Wells Fargo for interfering with the deal.
Nobody Panic: Government Seizes Freddie Mac, Fannie Mae
By 9.6.08
Oh dear, all that talk about Freddie and Fannie being “adequately capitalized” was utter bullshit and the government has now announced plans to place the failed government sponsored enterprises into conservatorship. That means the fate of the housing market and the global economy rest squarely on the shoulders of U.S. taxpayers.
By 2.4.08
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Yahoo is re-opening talks with Google about a possible business alliance in an effort to rebuff Microsoft’s takeover proposal, which Yahoo says undervalues the company at $31 a share.
United: We Might Buy Delta, Too. Er, Instead.
By 11.16.06
Reuters is reporting that United Airlines has its formerly-bankrupt eyes on Delta as well:
