Notable Mergers and Acquisitions of the Day 2/12 (MSFT/YHOO, ACM, ADS/BX)
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More News related to ADS
- Adaltis Inc. Obtains Court Order for Creditor Protection
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- Stifel Nicolaus Starts Alliance Data (ADS) at Hold
- David Moenning's Daily State of the Markets: 6/24
- J.P. Morgan Downgrades Alliance Data Systems (ADS) to Neutral
More News related to BX
- Philip Levinson to Join Blackstone in Asia
- Blackstone Real Estate Fund Closes on EUR3.1 Billion
- Sara Lee Corp. (SLE) Says No To Private-Equity Shops (Blackstone, KKR)
- Sithe Global Power, LLC, 80% Owned by The Blackstone Group, Announces the Beginning of Commercial Operation for the Goreway Station, 880MW Power Generating Facility in Brampton, Ontario
- Notable Analyst Rating Changes 6/8: BX, WSM, LYG, STZ Upgraded; GOOG, HOV, STO Downgraded
StreetInsider.com Notable Mergers and Acquisitions of the Day:
- Microsoft (Nasdaq: MSFT) issued the following statement in response to the announcement by Yahoo! (Nasdaq: YHOO) that its Board of Directors has rejected Microsoft's previously announced proposal to acquire Yahoo!:
Microsoft said, "It is unfortunate that Yahoo! has not embraced our full and fair proposal to combine our companies... We are offering shareholders superior value and the opportunity to participate in the upside of the combined company .... As we have said previously, Microsoft reserves the right to pursue all necessary steps to ensure that Yahoo!'s shareholders are provided with the opportunity to realize the value inherent in our proposal."
- AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced that it has signed a definitive agreement to acquire Earth Tech, Inc., a business unit of Tyco International Ltd. (NYSE: TYC).
Earth Tech provides consulting; engineering; and design, build and operate (DBO) services to water/wastewater, environmental, transportation, and facilities clients globally. Earth Tech had revenue of $1.3 billion in its fiscal year 2007 and employs 7,000 people around the world.
- In a 13D filing on Alliance Data Systems (NYSE: ADS) Carl Icahn and related funds disclosed a 2.73% stake (2,148,200 shares) in the company and said they reserve the right to seek to have conversations with members of the company's management regarding the transaction between the Issuer and affiliates of Blackstone Group (NYSE: BX).
To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions
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