Alliance Data Drops Suit to Force Deal
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Under the dealâs terms, Blackstone must pay a $170 million breakup fee if certain conditions occur, like a severe decline in Alliance Dataâs financial health.
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THE defence of Gold Fields against a hostile $8.1 billion (Â£4.3 billion) bid from Harmony Gold Mining, its smaller South African rival, was dealt a further blow last night when a US court threw out its legal challenge to the takeover.
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NEW YORK - Sony Corp has conceded to demands from its consortium partners to reduce fees it would get from managing Metro-Goldwyn-Mayer Inc.
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New Zealand&#39;s High Court on Monday rejected a proposed alliance between the country&#39;s flag carrier and Australian rival airline Qantas.
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SYDNEY, Australia -- Australian authorities Tuesday approved a proposed alliance between Qantas and Air New Zealand - but the decision came too late for the airlines as the New Zealand High Court last month rejected the tie-up.
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The New Zealand High Court has declined an appeal by Air New Zealand and Qantas against the Commerce Commission&#39;s original decision to disallow the two airlines&#39; application to form a strategic alliance.
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Business & money: Deal forced to be scrapped as the fallout from the sub-prime markets continues to spread
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The court's order is the first time since antitrust challenges to Microsoft began that the company will be forced to alter its strategy of bundling software.
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Microsoft early this morning dropped its decade-long antitrust battle with European regulators by agreeing not to appeal a landmark Sept. 17 court ruling.
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New Zealand's High Court halts attempts by Qantas and Air New Zealand to work together against low-cost carriers.
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US student loan firm Sallie Mae drops its lawsuit against a consortium that walked away from taking it over.
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New Zealand&#39;s High Court rejected a proposed alliance between Air New Zealand Ltd., the nation&#39;s largest airline, and Australia&#39;s Qantas Airways Ltd.
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The data aggregator said that it has reached a deal to settle a class-action suit filed by shareholders over the massive data breach the company disclosed in early 2005.
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Oracle said Sunday that it was dropping its effort to acquire BEA Systems over disagreements surrounding the valuation of the company.
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A court's order is the first time since antitrust challenges to Microsoft began that the company will be forced to alter its strategy of bundling software.
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Why EU-US talks on renewing a deal on the transfer of air passenger data collapsed.
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A bitter lawsuit that threatened to cripple the charity set up to honour Britain's Princess Diana was dropped, after an 11th-hour settlement averted an explosive trial in a US court.