British insurer Prudential says it is pulling out of negotiations to take over AIA, the Asian arm of US insurer AIG, after failing in its bid to secure a lower price.
Prudential's bid take over AIG's Asian unit, AIA, is in danger of collapsing after the American insurer rejected a plea by the British company to cut the price tag from $35.5 billion to $30.375.
Hewlett-Packard Co announced a $1.2 billion deal to buy Palm Inc, betting it can resuscitate the struggling smartphone maker to compete with the
likes of Apple Inc and RIM.
Coca-Cola has taken a majority stake in fast-expanding and ethically-minded British smoothie maker Innocent Drinks. Innocent's three founders will keep running the firm.
British Airways and Spanish carrier Iberia have signed a merger agreement, sealing a long-awaited deal to create one of the world's leading airline groups.
Shares in handheld computer maker Palm plunged Friday after the company reported another quarterly loss and gave disappointing guidance. Speculation mounted that the company could soon be an acquisition target.
The company that owns Calvin Klein, Philips-Van Heusen Corporation, has bought clothing brand Tommy Hilfiger for 2.2 billion euros, according to a statement issued Monday by Hilfiger's current owner.
In a deal that will help AIG raise funds to pay back part of its government bailout, US insurance giant MetLife will take over American Life Insurance Company (ALICO), an overseas unit of AIG, in a deal worth 15.5 billion dollars.
New York state officials Thursday filed a lawsuit against Bank of America alleging they "duped" shareholders and taxpayers in the takeover of Merrill Lynch. BOA, according to the suit, concealed losses in order to facilitate the merger.
After the withdrawal of Hershey, another possible buyer for British confectioner Cadbury has pulled out. Ferrero, the Italian chocolate maker, will not make a counter-bid to Kraft’s offer freeing for the US giant.
