Update 3: LNM to Buy ISG for $4.5B in Cash, Stock
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A privately-owned Dutch steelmaker headed by billionaire Lakshmi Mittal is buying US-based International Steel Group Inc. for about $4.
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NEW YORK (CBS.MW) -- International Steel Group (ISG) said it will be acquired by Ispat International (IST) in a deal valued at $4.
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TOKYO Isuzu Motors, Japan&#39;s largest truck maker, said Thursday that two of the nation&#39;s three largest trading companies would buy its shares, as the company&#39;s earnings recover from a slump in 2002 that required a bailout from five banks.
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Investment bank Lehman Brothers  Holdings Inc. is negotiating to buy GLG Partners, a large  British hedge fund, the Wall Street Journal reported on  Thursday, citing unnamed sources.
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Financial group ING (ING.AS: Quote, Profile, Research) has agreed to sell Baring Asset Management (BAM) to US groups MassMutual and Northern Trust (NTRS.
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The company, battered by the subprime crisis, said it would sell a $5 billion stake to a Chinese investment.
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Investment bank Lehman Brothers  Holdings Inc. is negotiating to buy GLG Partners, a leading  British hedge fund, the Wall Street Journal reported on  Thursday, citing unnamed sources.
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Alcan Inc. AL.TO AL.N, the  Canadian aluminum maker, is considering a sale of its rolled  products business in a transaction that might fetch $4 billion  to $5 billion, after in May announcing a plan to spin the  business off, the New York Post said on Wednesday.
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IBM moved back into the iSCSI (Internet SCSI) market Friday with a new array priced at US$3,000 and aimed at the small and midsize business market.
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State Street Corp.  said on Monday it would acquire Investors Financial Services Corp.  for $4.5 billion in stock in a bid to service a bigger chunk of mutual and hedge fund assets.
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GLG Partners, one of Europe's largest hedge fund firms, has lined up a U.S. stock market listing to help it expand and hire top managers, using a reverse acquisition with a shell company that values it at $3.4 billion.
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Steel tycoon Lakshmi N. Mittal announced plans to pay $4.5 billion in cash and stock for U.S. steelmaker International Steel Group Inc., which had been cobbled together by onetime investment banker Wilbur L. ...
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A Dutch steelmaker led by billionaire Lakshmi Mittal is buying U.S.-based International Steel Group Inc. for about $4.5 billion in cash and stock in a deal that would make it one of the largest steel companies in the world.
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(InfoWorld) - Oracle has increased the price it is willing to pay for an additional stake in i-flex solutions, a vendor of financial software in Mumbai, India. The move follows a period of sharp increases in company valuations on India's stock market, and Oracle may have felt that increasing its offer was necessary to make its offer more attractive for i-flex shareholders, analysts said. Oracle, of Redwood Shores, California, said Thursday said it has increased its offer price to 2,100 Indian rupees ($47) per share, including interest. The company also said that it has raisedÂ to about 35 percent the number of shares it has agreed to buy in the pending open offer to i-flex shareholders. The new open offer price is a 42 percent premium to the 1,475 rupees per share that Oracle first offered, and a 20 per cent premium to i-flex's closing stock price on Thursday of 1,751 rupees. Indian stock markets are booming, and investor expectations are high, said a financial analyst who declined to be named. Oracle may have not found sufficient support for the offer at its earlier price, he said. The price of i-flex's shares has risen by over 52 percent in the last six months. Oracle informed the Bombay Stock Exchange (BSE) in September that it intended to acquire an additional 20 percent of the equity of i-flex. It already holds a 55 percent stake in the company. Oracle would be paying about $531 million for the additional stake. Oracle subsequently delayed the open date of the offer from Nov. 6 to Dec. 4. In an statement to the BSE on Friday, i-flex said that Oracle had increased the number of shares it wanted to purchase in the open offer from the earlier 16.63 million to 28.39 million, representing 34.14 percent of the emerging voting capital. An i-flex spokeswoman declined to comment on the new offer. Oracle will be paying about $1.3 billion for the additional equity if its offer sails through. The open offer closes on Dec. 23.ADVERTISEMENTNEW IT SERVICES FROM IBM: EASIER TO BUY AND IMPLEMENTDiscover a simpler, more cost-effective way to get the solutions your company needs to grow more flexible and efficient.
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China agreed to pump $5 billion into Morgan Stanley  as the U.S. investment bank reported a stunning fourth-quarter loss fueled by a bigger-than-expected $9.4 billion of write-downs in mortgages and other assets.
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GLG Partners will go public in the United States through a $3.4 billion merger with an investment company.
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Rotterdam, The Netherlands, and Richfield, OH- Ispat International N.V. announced that it has agreed to acquire LNM Holdings N.V. Following completion of the transaction, the company will be renamed Mittal ...