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Nextel Communications Inc. and Sprint Corp. reach a tentative agreement to merge, a deal that would create the nation's third-largest mobile-phone company with 39 million subscribers. The company will be called Sprint-Nextel. |
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Kmart announces the acquisition of Sears, Roebuck & Co. for $11 billion in a deal that will turn two of the nation's oldest retailers into the third largest retailer in the country. Kmart was originally founded as S.S. Kresge in Detroit in 1899. The new company, known as Sears Holdings, will be ba ... |
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PeopleSoft's directors are advising shareholders that Oracle's latest takeover bid of $9.2 billion falls well below the company's real value. Oracle's latest hostile takeover offer is $24 per share (or $9.2 billion). |
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IBM acquires Application-Management Vendor Cyanea Systems. IBM intends to integrate Cyanea's technology into its existing middleware apps, including those in its WebSphere, Tivoli, and Rational product lines. |
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The No. 3 U.S. brewer, Adolph Coors Company and Canadian brewing company Molson Inc. confirm their interest in a merger to better compete with rival market leaders SABMiller and Anheuser-Busch. |
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U.S. defense contractor Lockheed Martin Corp. (LMT) called off its planned $1.66B acquisition of Titan Corp. (TTN.N) ending nearly a year of courtship. |
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Wachovia Corp. buys Alabama-based SouthTrust Corp. in a deal valued at $14.3 billion. Wachovia will exchange .89 of a share of its common stock for each share of SouthTrust common stock. |
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Bank of America acquires Boston, Massachusetts-based FleetBoston for $47 billion to become the second-largest bank in the United states with assets of $966 billion with 5,700 braches serving 35 million customers in 29 states. |
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The Federal Reserve Board of Governors votes 6-0 to allow the merger between Bank of America Corporation and FleetBoston Financial Corporation |
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Business software maker SSA Global discussed plans to consolidate a patchwork of manufacturing applications it's collected through a series of recent mergers. |
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IBM acquires Price Waterhouse Coopers Consulting for $3.5 Billion. |
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Carly Fiorina completes the merger of Hewlett Packard with Compaq. |
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U.S. Defense Secretary Donald Rumsfeld tells reporters that "The reality is, the set of facts that exist today with al-Qaeda and the Taliban were not necessarily the set of facts that were considered when the Geneva Convention was fashioned." |
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The Federal Trade Commission announces that the $45 billion merger of Chevron Corp. and Texaco Inc. two of the world's largest integrated oil companies, will be allowed to proceed, with significant divestitures required to remedy the likely anticompetitive impacts of the transaction as proposed. |
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Fiorina and Michael Capella, Compaq’s chief executive, announce the intended merger of Hewlett Packard and Compaq. |
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America On-line announces an agreement to buy Time Warner for $162 billion, in the largest corporate merger to date. |
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Exxon Mobil Corporation is formed by the merger of Exxon and Mobil. |
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Exxon and Mobil confirm their plans to merge, creating the world's largest oil producer. |
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Germany's Daimler Benz buys out Chrysler Corporation, but originally sells the deal as a "merger of equals." The proposed merger had been announced May 7th, 1998. |
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Federal Approval is given to the NationsBank and Bank of America merger. |
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The Surface Transportation Board cast a unanimous vote in favor of the merger of Union Pacific Railroad and Southern Pacific Railroad. |
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Matsushita purchases MCA for $6.6 billion. |
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Philip Morris buys Kraft Foods for US$13.1 billion. |
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Unisys becomes the second largest computer company in the merger of Sperry Rand and Burroughs. |
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In retaliation for the assassination of Reinhard Heydrich, the Nazis burn the Czech village of Lidice. |
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Mergers