United Rentals ends takeover, demands $100 million fee
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Equipment rental group United Rentals Inc  said on Monday it terminated its $4 billion takeover by Cerberus Capital Management and asked Cerberus to pay it a $100 million termination fee.
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United Rentals said that it would not appeal a Delaware judgeâs ruling that a private equity firm cannot be forced to complete its $4 billion buyout of the rental equipment operator.
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Vornado Realty Trust  said on Wednesday it has terminated its cash and stock proposal to acquire Equity Office Properties Trust , paving the way for private equity firm Blackstone Group to take over the top U.S. office landlord for $23 billion.
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Wheeling-Pittsburgh Corp. closed $100 million Wednesday from a public stock offering. The steelmaker offered 3.65 million shares of common stock at $29 per share.
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UAL Corp , parent of No. 2 U.S. carrier United Airlines, on Tuesday posted a quarterly loss on soaring fuel prices as winter weather forced the cancellation of more than 1,100 flights.
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United Rentals Inc  said on Thursday it expects to earn $2.80 to $3.00 a share in 2008, up from $2.55 to $2.60 a share in 2007.
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UAL Corp., parent of United Airlines, asked a bankruptcy court Wednesday to terminate its union contracts if the carrier can&#39;t get an additional $725 million in cost savings from employees by mid-January.
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The trial resulting from United Rentals Inc's  lawsuit to force buyout firm Cerberus Capital Management  to complete its $4 billion purchase of the company has been delayed by a day so the two parties can discuss a settlement, the Wall Street Journal reported.
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NEW YORK--Low-cost Internet service provider United Online on Monday reported a higher quarterly profit despite slowing subscriber growth, and said it agreed to buy Classmates Online for $100 million in cash.
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Share prices in Manchester United fell dramatically Thursday amid reports that talks involving a proposed takeover by American businessman Malcolm Glazer had collapsed.
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Software giant knocks $100--half the original price--off its note-taking application.
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Manchester United broke off talks Monday with American businessman Malcolm Glazer over a possible takeover of the soccer club, saying his bid relied too heavily on borrowed money.
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Equipment rental company United Rentals Inc. on Tuesday said it will likely report a non-cash charge in the third quarter to write down the goodwill of its suffering traffic control business.
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United Parcel Service, the US delivery company, is to take direct control of its core international express operations in China, paying US$100m to buy out its local partner, Hong Kong-listed Sinotrans.
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US Airways today won most of the emergency pay cuts it said were critical to avoid liquidation and United said it wanted to terminate its labor contracts and would seek deeper cuts from its employees.
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WASHINGTON  - AT&T Corp.  will pay $100 million to end a class-action lawsuit by investors who accused AT&T and former Chairman C. Michael Armstrong of lying about its outlook to boost its share price, the company said on Tuesday.
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Manchester United Plc said it ended talks with Malcolm Glazer about a takeover bid for the world&#39;s biggest soccer club by revenue because the US billionaire&#39;s proposal involves borrowing against the company&#39;s assets.