Riggs, PNC Resurrect Merger But for Less
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Riggs National Corp. RIGS.O and PNC  Financial Services Group Inc. PNC.N on Thursday revived their  merger agreement, with Riggs agreeing to accept a 16 percent  cut in the purchase price to $652 million.
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Shares in Argosy Gaming Corp. -- owner of the Empress Casino in Joliet -- rocketed skyward Thursday after the company said it would be bought by Penn National Gaming for $1.
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New Jersey-based RCN Corp., which operates cable and Internet access provider Starpower in Washington -- as well as Boston, New York, San Francisco, Chicago and Los Angeles -- filed a reorganization plan that would swap $1.
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Not all mergers make sense -- so be skeptical.
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Mortgage companies salvages sale to private equity fund by agreeing to a lower price.
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PNC Financial Services Group Inc. and Riggs National Corp. revived their merger deal and will announce a sale agreement this morning, according a source familiar with the deal.
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The $58-million merger between JP Morgan Chase and Bank One Corp. is costing the region more jobs. Chase is eliminating 400 positions at its card services division, which is located at its
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Predictions include the unlikelihood of an appeals court overturning Judge Walker&#39;s decision and the deal finally closing at somewhere in the mid-$20s-per-share range.
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The proposed Gillette merger isn't the only good news out this week.
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Penn National Gaming announced plans to acquire Argosy Gaming Co. in a $2.2 billion deal that would create the United Stateâs third-largest casino company and put both of Baton
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Managed security services companies SecureWorksÂ  and LURHQÂ Â have merged.
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A long-anticipated merger may soon come true.
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WYOMISSING, PA-Penn National Gaming entered into a merger agreement to acquire Alton, IL-based Argosy Gaming Co. for approximately $2.
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It is common for a merger battle to involve a healthy dose of public posturing on issues such as price and logistics. But while such maneuvering typically plays out in the media, or during analyst forums, it&#39;s rare to see it happen in a courtroom.
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Two investment companies that for years have catered to the Washington-Baltimore region's wealthiest families and individuals are merging, according to executives for the firms.
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Independence Federal Savings Bank said its would-be merger partner, New York's Carver Bancorp Inc., has breached the deal and is trying to buy Independence for less money than it agreed to in March.
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After one of the most bitter takeovers in corporate history, the challenge is to stitch the two companies together.