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Keyword: acquisition

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  • The Latest Merger... and the Big Lie of the Obama Recovery

    02/13/2015 10:57:33 AM PST · by jfd1776 · 9 replies
    Illinois Review ^ | February 13, 2015 A.D. | John F. Di Leo
    This week’s business news concerns yet another high profile corporate merger. Less than two years after office supply and computer retailers Office Depot and Office Max were forced into a merger, it now looks like Staples will be acquiring them. Where once there were three retailers, soon (or eventually, since such consolidations do take time), there will be only one. The Resident of the White House, no doubt remembering that the success of Staples was an early credit to his rival Mitt Romney’s storied career as an investment wizard, lost no time in taking pot-shots against Staples for its employee...
  • Forget China; Japan Is 'Taking Over' The World Again (Near record acquisition of foreign companies)

    10/15/2012 9:23:30 AM PDT · by SeekAndFind · 5 replies
    Zero Hedge ^ | 10/15/2012 | Tyler Durden
    The Japanese Yen has been one of the strongest currencies among the developed nations of the world since the end of LTRO (up 6%). This strength (repatriation flows and or carry unwind?) combined with a dismal domestic economic growth environment appears to have pushed Japanese firms to spend spend spend for growth. The latest and greatest Softbank/Sprint deal will shift this year's Japanese corporate acquisition of foreign companies to near-record levels. As Bloomberg Briefs notes, this will be the country's largest overseas acquisition on record - exceeding Japan Tobacco's $19bn acquisition of the UK's Gallaher Group in 2007. However,...
  • Acquisition Reform Plays Key Role in Pentagon's Cost Savings

    07/16/2010 12:16:12 AM PDT · by Cindy · 4 replies
    DEFENSE.gov (AMERICAN FORCES PRESS SERVICE) ^ | July 15, 2010 | Lisa Daniel
    NOTE The following text is a quote: Acquisition Reform Plays Key Role in Pentagon’s Cost Savings By Lisa Daniel American Forces Press Service WASHINGTON, July 15, 2010 – The Defense Department has the opportunity to save billions of taxpayer dollars through acquisitions reform, but only if it grows its workforce with the right federal workers in place to oversee contracts, a senior Pentagon official said today. “There is a significant opportunity to save billions of dollars, but only if we have a well-trained and sufficient workforce,” Shay Assad, the acting director of the department’s procurement and acquisition policy, said during...
  • Disney acquiring Marvel Entertainment Inc.

    08/31/2009 6:49:44 AM PDT · by relictele · 114 replies · 2,976+ views
    Orlando Sentinel ^ | 31 Aug 2009 | Hal Boedeker
    BURBANK, Calif. - Spider-Man and Iron Man have a new boss: The Walt Disney Co. Disney announced this morning that it is buying Marvel Entertainment -- and the more than 5,000 Marvel characters. They include X-Men, Captain America, Fantastic Four and Thor. "This is a great fit for us," Disney boss Bob Iger told CNBC this morning. He said the acquisition was a way to attract more boys. Disney said the transaction value is $50 per Marvel share -- or about $4 billion. Iger said the acquisition will grow both Disney and Marvel.
  • DoD Mgt Needed to Overcome Challenges with Services Contracts & Weapon Systems Acquisitions

    07/06/2009 8:20:56 AM PDT · by luckybogey · 5 replies · 251+ views
    LuckyBogey's Blog ^ | July 6 | LuckyBogey
    DOD’s major weapon systems programs continue to take longer to develop, cost more, and deliver fewer quantities and capabilities than originally planned. DOD also continues to face long-standing challenges managing service contracts and contractors. For example, the oversight of service contracts has been recognized as a material weakness in the Army... Several underlying systemic problems at the strategic level and at the program level continue to contribute to poor weapon systems acquisition. The total acquisition cost of DOD’s 2007 portfolio of major programs has grown by 26 percent over initial estimates... DOD largely continues to define warfighting needs and make...
  • S. Korea's KDB says buying Lehman a possibility

    08/22/2008 10:22:47 PM PDT · by TigerLikesRooster · 4 replies · 156+ views
    Reuters ^ | 08/22/08 | Kim Yeon-hee
    S. Korea's KDB says buying Lehman a possibility By Kim Yeon-hee SEOUL (Reuters) - State-run Korea Development Bank KDB.UL said on Friday that Lehman Brothers Holdings Inc (LEH.N: Quote, Profile, Research, Stock Buzz) is one of its options for acquisitions, as the struggling U.S. investment bank considers securing much-needed capital from investors. The potential interest lifted Lehman's shares 11.3 percent, a day after a report said KDB and another Asian investor had walked away from a potential deal with the U.S. investment bank. KDB said Friday it was open to mergers or acquisitions of both domestic and foreign companies to...
  • Chinese bank gets approval to buy into SAfrican bank in US$5.46 billion deal

    02/03/2008 3:50:22 AM PST · by TigerLikesRooster · 8 replies · 99+ views
    Yomiuri Shimbun ^ | 02/03/08 | SCOTT McDONALD
    Chinese bank gets approval to buy into SAfrican bank in US$5.46 billion deal By SCOTT McDONALD,Associated Press Writer AP - Monday, February 4 BEIJING - China's biggest bank said Sunday it has received approval to buy a 20 percent stake in South Africa's biggest lender, the latest big-ticket overseas expansion by Chinese investors. ADVERTISEMENT The deal between state-owned Industrial & Commercial Bank of China Ltd. and Standard Bank Group Ltd. is one of China's biggest foreign corporate acquisitions to date. "The Chinese Banking Regulatory Commission has approved the plan by the Industrial and Commercial Bank of China to take the...
  • Russia: Copy China and invest abroad, says Medvedev (another sovereign wealth fund?)

    02/01/2008 3:14:03 AM PST · by TigerLikesRooster · 4 replies · 138+ views
    FT ^ | 01/31/08 | Catherine Belton
    Copy China and invest abroad, says Medvedev By Catherine Belton in Moscow Published: January 31 2008 19:19 | Last updated: January 31 2008 19:19 Dmitry Medvedev, Russia’s most likely next president, called on Russian business people on Thursday to copy China and go on a global buying spree of foreign companies to bolster the economy and cut dependence on technology from abroad. In his first speech to Russian big business since being named by Vladimir Putin as his preferred successor, Mr Medvedev pledged Kremlin support for companies seeking assets abroad. “This is a very important task. The majority of powerful...
  • China: Ping An in $22bn push for overseas targets (buying up battered Westen rivals)

    01/21/2008 8:17:51 PM PST · by TigerLikesRooster · 13 replies · 6,491+ views
    FT ^ | 01/20/08 | Jamil Anderlini
    Ping An in $22bn push for overseas targets By Jamil Anderlini in Beijing Published: January 20 2008 19:19 | Last updated: January 21 2008 02:57 Ping An Insurance, China’s second-largest insurer, plans to raise almost $22bn to help fund aggressive foreign acquisition plans in China’s biggest-ever share sale. The size of the share issue – three times the amount the company raised in its initial public offering a year ago – indicates that Chinese companies want the financial resources to acquire or buy into weakened western rivals, according to analysts and bankers. Many US and European financial services companies have...
  • Army names six vendors for satellite contract

    09/07/2006 4:15:26 AM PDT · by COBOL2Java · 2 replies · 373+ views
    Government Computer News ^ | 5 September 2006 | Dawn S. Onley, GCN Staff
    The Army has awarded its five-year, $5 billion Worldwide Satellite Systems contract to six vendors. The award winners include two large businesses—Boeing Co. and General Dynamics Corp.—and four small businesses: DataPath of Duluth, Ga.; D&SCI of Eatontown, N.J.; Globecomm Systems of Hauppauge, N.Y.; and TeleCommunications Systems of Annapolis, Md. Under the indefinite-delivery/indefinite-quantity contract, each vendor is required to bring turnkey commercial satellite systems and associated support services for satellite terminals, including all hardware, software, services and data to operate the terminals. Both Defense and non-DOD agencies can order from the contract. Army officials say WWSS products and services will support...
  • "3 ... 2 ... 1 ... Rip-Off!" Taxpayer Group Blasts Boeing/Lockheed Launch Vehicle Plan

    12/19/2005 9:49:00 PM PST · by anymouse · 10 replies · 702+ views
    National Taxpayers Union Press Release ^ | Dec 19, 2005 | Peter J. Sepp, Paul Gessing
    The pending Boeing/Lockheed "United Launch Alliance" (ULA) to provide the Air Force with expendable rockets would unfairly strand taxpayers with a half-billion-dollar-a-year subsidy: that's the message the 350,000-member National Taxpayers Union (NTU) delivered to Congress today, in an open letter urging lawmakers to end subsidies for the companies' current and proposed space-booster schemes. Federal policymakers are expected to consider the merger deal as early as this week. "Launch platforms for satellites can be expendable, but tax dollars never are," said NTU Director of Government Affairs Paul Gessing. "Over the past decade, the Air Force's Evolved Expendable Launch Vehicle (EELV) initiative...
  • S.Korea's Doosan Heavy may bid for Westinghouse

    08/22/2005 6:04:50 AM PDT · by TigerLikesRooster · 6 replies · 333+ views
    Reuters ^ | 08/22/05
    Monday August 22, 3:43 PM S.Korea's Doosan Heavy may bid for WestinghouseSEOUL, Aug 22 (Reuters) - South Korea's Doosan Heavy Industries said on Monday it was considering bidding in a consortium to buy U.S. nuclear power plant builder Westinghouse Electric Co. from British nuclear energy company BNFL. South Korea's largest manufacturer of power generation equipment would be able to reduce costs and acquire nuclear technology and know-how from the U.S. firm if a bid was successful, analysts said. Westinghouse provides nuclear fuel services, technology, plant design and equipment for nuclear power producers. State-owned BNFL bought the business, which employs about...
  • Cisco mulls buying Finnish phone maker Nokia-paper

    08/07/2005 8:26:47 PM PDT · by Koblenz · 1 replies · 402+ views
    Reuters ^ | August 7, 2005 | Reuters
    LONDON (Reuters) - Cisco Systems Inc. (Nasdaq:CSCO - news) is considering buying the world's top mobile handset maker Nokia (NOK1V.HE) in a bid to gain its wireless infrastructure technology, the Business newspaper reported on Sunday. The paper, which did not reveal the source of its information, said U.S.-based Cisco had traditionally concentrated on acquisitions of niche technology players, but its Chief Executive John Chambers is believed to be interested in merging with a wireless infrastructure company. "Nokia has been identified as the most likely target," the paper said. Cisco, the largest maker of Internet equipment, is worth around $123 billion,...
  • Reuters Summit-Chinese may soon park money in U.S. buildings

    07/04/2005 7:01:52 AM PDT · by TigerLikesRooster · 14 replies · 543+ views
    Reuters ^ | 07/01/05 | Ilaina Jonas
    Saturday July 2, 6:33 AM Reuters Summit-Chinese may soon park money in U.S. buildingsNEW YORK, July 1 (Reuters) - Today, it's oil and washing machines, but tomorrow, they may take Manhattan. That's how U.S. real estate experts view the bids by Chinese companies to buy Unocal Corp. , the U.S. oil company, and Maytag Corp. , the iconic American maker of washing machines and other appliances. This aggressive interest in buying U.S. companies could signal broader investment from China in the United States that would include land and buildings in major American cities, real estate experts said this week at...
  • Defense Science Board Finds No Barrier To New Druyun Scandal

    05/11/2005 8:46:22 AM PDT · by bruin66 · 1 replies · 184+ views
    Defense Daily | May 11, 2005 | Sharon Weinberger
    Defense Daily May 11, 2005 Pg. 4 Defense Science Board Finds No Barrier To New Druyun Scandal By Sharon Weinberger A senior defense advisory body has concluded there are still no safeguards in the Pentagon’s acquisition system to prevent problems similar to those brought on by Darleen Druyun, the former Air Force weapons buyer currently serving time in prison for violating federal conflict of interest laws. After Druyun admitted last year to breaking federal procurement regulations, Michael Wynne, the acting undersecretary of defense for acquisition, technology and logistics, asked the DSB to review the Pentagon’s management structures. The final report...
  • Misstatement could extend McCain probe of FCS deal

    04/29/2005 9:34:29 PM PDT · by talosiv · 1 replies · 343+ views
    The Hill ^ | March 23, 2005 | Megan Scully
    Misstatements by the Army’s top acquisition chief on a $14.8 billion agreement with Boeing could spur another round of congressional hearings, forcing the Army once again to defend its decision to use a nontraditional contract for its key transformation program. During congressional testimony March 16, Claude Bolton assured the Senate Armed Services Airland Subcommittee that the Future Combat Systems contract contained a provision requiring Boeing to certify its cost and pricing figures with government contracting agencies. The next day, Bolton wrote Sen. John McCain (R-Ariz.), chairman of the powerful subcommittee, to correct the record to show that the contract did...
  • Boeing gets JTRS notice (Army may terminate joint radio)

    04/28/2005 10:29:50 PM PDT · by talosiv · 2 replies · 543+ views
    Federal Computer Week ^ | Apr. 27, 2005 | Frank Tiboni
    Defense Department officials may cancel a contract with Boeing for the Joint Tactical Radio System Cluster 1 program. The Pentagon sent Boeing officials a "show cause" letter to notify them that the JTRS Cluster 1 deal may be terminated because of an anticipated failure to meet cost, schedule and performance requirements, said Army Lt. Col. Chris Conway, spokesman for the Office of the Assistant Secretary of Defense for Networks and Information Integration and Chief Information Officer. Boeing officials must send a letter within 30 days to Army officials managing the program at Fort Monmouth, N.J., to explain how they can...
  • Will Washington Support Democracy in Iran?

    02/12/2005 1:49:15 PM PST · by forty_years · 15 replies · 407+ views
    http://www.netwmd.com/ ^ | February 12, 2005 | Michael Rubin
    http://netwmd.com/articles/article890.html After a first term marked by schizophrenic Iran policy initiatives, the Bush White House will soon develop a coordinated policy to promote peaceful regime change in Iran. The Bush administration is heartened by the apparent success of the Iraqi election and believes that Iranians are ready to exert their democratic rights. Bush policy is motivated by the grave and growing threat from the Islamic Republic's nuclear weapons program, and the realization that neither Iran nor the European Union are sincere in preventing Iran's acquisition of nuclear weaponry. The Islamic Republic's potential threat to American security emanates from Tehran's determination...
  • Not enough armor in Iraq? Fix the military'S failed acquisition system

    12/10/2004 12:14:40 PM PST · by crushelits · 16 replies · 547+ views
    opinionjournal.com ^ | Friday, December 10, 2004 | opinionjournal
    Congress's Paperwork HumveesFirst, fix the military's failed acquisition system.When an Army reservist in Kuwait gave Donald Rumsfeld an earful Wednesday about inadequate armor for Iraq-bound Humvees, the Defense Secretary responded by paying the soldier the compliment of candor. "You go to war with the army you have. They're not the army you might want or wish to have," he said.That's at least an honest answer, and the Secretary's forthrightness seems to have been appreciated by the troops at the town hall meeting, who gave him a standing ovation. But back in Washington, candor has gotten more than one official...
  • Oracle prevails in PeopleSoft tender

    11/19/2004 11:48:35 PM PST · by mhx · 316+ views
    CBS Marketwatch ^ | 11/20/2004 | Michael Paige
    Oracle prevails in PeopleSoft tender Stage set for potential proxy battle in the spring LOS ANGELES (CBS.MW) -- Oracle Corp. cleared a crucial hurdle Friday night in its $9.2 billion bid to take over PeopleSoft Inc., winning a clear majority of shares in its smaller rival following a direct appeal to investors. More than 60 percent of PeopleSoft (PSFT: news, chart, profile) shares were tendered in favor of the $24-per-share offer, Oracle (ORCL: news, chart, profile) said in a statement released less than an hour after the deadline for accepting the bid expired. In a letter to PeopleSoft seeking to...
  • New Weaponry Fine-Tuned for Fighting Terrorists

    04/01/2004 6:53:42 AM PST · by .cnI redruM · 7 replies · 185+ views
    Fox News ^ | Thursday, April 01, 2004 | By Peter Brownfeld
    <p>WASHINGTON — The Comanche (search) is out. Unmanned Aerial Vehicles (search) and nuclear-tipped bunker busters (search) are in.</p> <p>The weapons are just three of the armaments affected by the Pentagon's plan to transform the military from one designed to fight Soviet armies in Europe to one that can target terrorists worldwide.</p>
  • J.D. Edwards, PeopleSoft deal came in fits and starts

    06/08/2003 6:54:45 AM PDT · by Starwind · 6 replies · 480+ views
    DenverPost.com ^ | June 8, 2003 | Jennifer Beauprez
    J.D. Edwards, PeopleSoft deal came in fits and starts By Jennifer Beauprez Denver Post Business Writer Sunday, June 08, 2003 - Robert Dutkowsky flew out to his son's high school graduation in Boston on Thursday thinking that after eight months of cloak-and- dagger negotiations with PeopleSoft Inc., his work was done. It wasn't. The next day, just four days after the chief executive of J.D. Edwards & Co. inked a $1.7 billion deal to sell the Denver software firm to competitor PeopleSoft, Oracle Corp. swooped in. Redwood City, Calif.-based Oracle made an unsolicited $5.1 billion bid to take over PeopleSoft...