LSI to Buy Agere in $4B Stock Swap
682558
MILPITAS, Calif. -- LSI Logic Corp. said Monday it will purchase rival chip and storage systems maker Agere Systems Inc. for $4 billion in stock.
662326
Advanced Micro Devices will receive preferred shares in exchange for its investment in company whose financial performance has fallen lately.
36792
Air France-KLM reveals that its offer for the Italian airline Alitalia is to be structured as a share swap.
475618
(InfoWorld) - The Nasdaq Stock Market's efforts to buy the London Stock Exchange PLC is another milestone in globalization, and touches the world of IT. As exchanges merge and increase the fluidity of funds globally, a new world of competitive options open. The Nasdaq's latest bid, launched Nov. 20, to buy the part of the LSE it doesn't already own for Â£2.7 billion ($5.1 billion) is poignant in its historic and political overtones. The Nasdaq tapped technology to match buyers and sellers -- starting with simple bulletin boards -- and helped revolutionize trading over the last 20 years. As world class IT companies like Microsoft and Oracle went public on the Nasdaq, the exchange rode the computerization of modern life to great success. Most exchanges have adopted some form of electronic trading, including Nasdaq archrival the New York Stock Exchange (NYSE Group Inc.) and the LSE itself. Exchanges have unique advantages and retain distinct personalities, however. Linux vendor Red Hat Inc., for example, will move from the Nasdaq to the NYSE Tuesday. "The New York Stock Exchange has much stronger global recognition, and we're looking for a global branding image," said Linda Brewton, Red Hat manager of investor relations. She also noted that even though the NYSE has adopted electronic trading, trading is still done under live market specialists and that this reduces share-price volatility. The LSE, which traces its history back some 300 years, has rejected Nasdaq's bid, claiming it undervalues the exchange. The mercurial mayor of London, Ken Livingstone, is also on the case. Last week he asked the U.K.'s Office of Fair Trading to investigate, claiming that the acquisition would eliminate competition to U.S. markets for international company listings. Livingstone also echoed the concerns of many Europeans, that as U.S. exchanges merge with European markets, tighter U.S. regulations would hamper Europe's growing market competitiveness. This last issue has also caused bumps in the NYSE's deal to merge with the Euronext NV exchange. Nasdaq, having already bought about 29 percent of the LSE earlier this year, is appealing to shareholders. Nasdaq Chief Executive Officer Robert Greifield apparently believes the exchange needs the merger to compete. The merging of exchanges and the broader, growing numbers of mergers and acquisitions that IT companies are involved in are part of the same phenomenon, according to according to Eric Gebaide, managing director of Innovation Advisors, a New York investment firm. "It's a manifestation of the globalization of financial markets," Gebaide said. "That in turn is a precursor of the globalization of technology." When companies in Europe and Asia enjoy the same sort of availability of capital U.S. companies have, it can lead to greater competition for U.S. companies. However, U.S. companies can also take advantage of the new era of capital. For example, U.S. companies looking to efficiently use capital now have access to alternative local financing for offshore ventures, Gebaide notes. In the new global market, companies can even go public with offshore ventures, he suggests. The Nasdaq bid will probably play out into 2007. The offer to shareholders can be extended to 60 days, and the Nasdaq can still buy LSE shares on the open market. But no matter how it ends, the internationalization of capital markets will continue to have a profound impact.
699521
Management leads a $4.7 billion buyout bid. Are other bids on the way?
241799
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.
482886
Carlyle Group is in talks to buy Advanced Semiconductor Engineering Inc., the world's largest chip packager, for $5.7 billion as demand for computer and mobile-phone components increases.
306727
'Combining of interests' Long standing semiconductor specialist LSI Logic, which leads in the provision of chips which underpin enterprise high end storage systems, has merged with Agere Systems, a company with a similar product set, in a deal valued at around $4bn.â¦
423141
Legg Mason Inc. LM.N, one of the  fastest-growing U.S. asset management companies, on Wednesday  said it plans a public offering of 4 million shares, a sale  that could raise almost $300 million.
288546
Archipelago Holdings, the owner of ArcaEx, the largest electronic stock market, is expected to buy the Pacific Exchange for about $50 million.
437452
Morgan Stanley&#39;s  real estate unit  agreed to buy Australia&#39;s Investa Properties Ltd.  for  A$4.7 billion ($3.9 billion) on Thursday, the nation&#39;s  third-largest property trust takeover.
249639
Dow Jones & Co., publisher of The Wall  Street Journal, has agreed to buy online financial news  provider MarketWatch Inc. for about $463 million in a bid to  boost its revenue from the fast-growing Internet advertising  market.
274484
Cerberus Capital Management is near a $4  billion deal to buy United Rentals Inc. , the largest  equipment rental company by fleet size, for $34.50 a share, the  Wall Street Journal reported on Monday.
111803
Chip maker Freescale Semiconductor   Inc. FSL.N said on Friday it agreed to be bought for $17.6   billion, or $40 a share in cash, by a private equity consortium   led by Blackstone Group, in what could be the biggest leveraged   buyout of a technology company.
185852
Similar deals are expected to follow Bank of America Corp's  agreement on Friday to acquire battered mortgage lender Countrywide Financial Corp  for a knock-down price of $4 billion in stock.
594518
Transatlantic exchange NYSE Euronext   said on Thursday it agreed to acquire the American Stock Exchange (Amex) for $260 million in stock to boost its options business, exchange traded funds (ETFs) and cash products.
436315
Semiconductor manufacturer LSI Logic said Monday it would acquire Agere Systems, creating a combined chip-making company with enough scale to compete for greater market share in segments including hard disks and digital media players.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.