Court clears merger path for UFJ and Mitsubishi
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Tokyo - Japan&#39;s supreme court yesterday cleared the way for UFJ Holdings and Mitsubishi Tokyo Financial Group to merge by rejecting a bid to halt the deal by Sumitomo Trust &amp; Banking, a court spokesperson said.
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The merger of the energy operations of Norway's oil giant Statoil and Norsk Hydro is approved by shareholders.
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Japan's Supreme Court cleared the way for UFJ Holdings and Mitsubishi Tokyo Financial Group to merge by rejecting a bid to halt the deal by Sumitomo Trust and Banking, a court spokeswoman said.
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United Automobile Workers members at Chrysler approved a new agreement, clearing the way for talks to accelerate at Ford Motor.
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The proposed merger of Sumitomo Mitsui Financial Group Inc. and UFJ Holdings Inc., two of Japan&#39;s biggest banks, could involve the loss or transfer of as many as 10,000 jobs -- 13 percent
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Mitsubishi Tokyo Financial Group Inc. was under pressure Wednesday to come up with a takeover offer for UFJ Holdings Inc. that would fend off an unexpectedly generous $29 billion rival bid by Sumitomo Mitsui Financial Group Inc.
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UFJ Holdings Inc., Japan&#39;s fourth- biggest lender, said the nation&#39;s Supreme Court upheld its right to merge with Mitsubishi Tokyo Financial Group Inc.
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By Clint Swett, The Sacramento Bee, Calif.  Sep. 15--Calling off a merger it had announced last March, Sacramento  software maker Unify Corp. said Thursday it will remain independent and  instead buy a piece of its erstwhile merger partner.
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Sumitomo Mitsui Financial Group Inc.  8316.T laid out a $29 billion bid for UFJ Holdings 8307.T  on Tuesday, challenging a rival offer by Mitsubishi Tokyo  Financial Group 8306.T to form the world's biggest bank.
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EU antitrust regulators gave the green light Monday to a merger of Britain&#39;s Automobile Association with travel and insurance firm Saga after determining that the deal would not stifle competition.
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A U.S. federal court has upheld a  lower court ruling that investor Kirk Kerkorian is not entitled  to damages over the merger of Daimler-Benz and Chrysler nine  years ago, DaimlerChrysler (DAIGn.DE) said on Wednesday.
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The Supreme Court rejected an appeal by Sumitomo Trust &amp; Banking Co against a Tokyo High Court decision on Aug 11 lifting a ban imposed by the Tokyo District Court on UFJ including its trust bank unit in the merger talks.
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CHICAGO - A federal bankruptcy judge on Friday ruled against United Airlines in a procedural dispute, siding with unions who said the company submitted unsubstantiated claims about how employees would be affected if their pension programs were terminated.
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The subprime mortgage lender Accredited Home Lenders Holding and the private equity fund Lone Star said yesterday they had amended their merger agreement to settle a pending lawsuit between them.
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Telecom wins the overturn of four-year-old merger denial.
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TOKYO : Japan&#39;s third-largest lender Sumitomo Mitsui Financial Group said it is not currently considering a hostile takeover bid if UFJ Holdings rejects its merger offer.
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The High Court in Japan has approved the unification negotiations of UFJ Holdings and Mitsubishi group thereby paving the way for the world&#39;s largest bank.