Reuters: Mergers News

Take-Two stock exceeds EA's bid before deadline

Fri, 16 May 2008 19:15:02 -0400

SAN FRANCISCO, May 16 (Reuters) - Investors appear to be betting that Electronic Arts Inc will raise its $2 billion offer for rival video game maker Take-Two Interactive Software Inc as the bid is set to expire at midnight on Friday.

EADS execs said likely to weigh DRS bid on Monday

Fri, 16 May 2008 18:54:31 -0400

WASHINGTON (Reuters) - European defense company EADS likely will consider a counterbid for U.S. military contractor DRS Technologies Inc at a regular monthly executive committee meeting on Monday, a source familiar with EADS' strategic thinking told Reuters on Friday.

Morgan Stanley cut 1,500 jobs this week: source

Fri, 16 May 2008 18:46:59 -0400

NEW YORK (Reuters) - Morgan Stanley cut 1,500 jobs this week across its investment banking, trading and asset management businesses, a person familiar with the situation said Friday, a 5 percent reduction of non-broker employees.

UPDATE 3-Carlyle buying Booz Allen unit stake for $2.54 bln

Fri, 16 May 2008 16:50:59 -0400

NEW YORK, May 16 (Reuters) - Washington-based private equity firm Carlyle Group [CYL.UL] is buying a majority stake in the U.S. government business of management consulting technology firm Booz Allen Hamilton Inc for $2.54 billion, the companies said on Friday.

UPDATE 1-KKR starts infrastructure group

Fri, 16 May 2008 16:44:51 -0400

(Adds background about other infrastructure funds in paragraphs 2-4, fund size from source in paragraph 3, bylines)

Enmax raises bid for Cordero as natural gas climbs

Fri, 16 May 2008 16:22:58 -0400

CALGARY, Alberta, May 16 (Reuters) - Enmax Corp, the municipally owned power utility in Calgary, said on Friday it is boosting its offer for junior natural gas producer Cordero Energy Inc by 9.2 percent because of rising prices for the fuel.

Ecobank investors back $3 bln issue, Nigerian deal

Fri, 16 May 2008 14:39:29 -0400

ACCRA, May 16 (Reuters) - Shareholders of Africa's fast-growing Ecobank Group on Friday approved proposals to raise $3 billion in debt or equity and proceed with merger talks with Nigeria's First Bank .

Del Monte says may sell StarKist

Fri, 16 May 2008 14:35:58 -0400

CHICAGO (Reuters) - Del Monte Foods Co said on Friday it is exploring alternatives for its StarKist seafood business, including a possible sale.

Del Monte says may sell StarKist

Fri, 16 May 2008 13:26:16 -0400

CHICAGO (Reuters) - Del Monte Foods Co on Friday said that it is exploring the alternatives for StarKist seafood business, including the possible sale of the business.

Shareholders file new legal claims in Yahoo case

Fri, 16 May 2008 13:10:10 -0400

NEW YORK, May 16 (Reuters) - Investors suing Yahoo Inc over its rebuff of Microsoft Corp's $47.5 billion buyout bid have filed a new case that adds company co-founder David Filo as a defendant, but they say much of their complaint is being kept under seal at Yahoo's demand.