Genzyme Corp. and billionaire investor Carl C. Icahn on Wednesday reached a settlement in their proxy dispute, a week before the troubled biotechnology company's annual shareholder meeting.
Swiss food company Aryzta AG has agreed to purchase bakery products maker Fresh Start Bakeries Inc. and pizza manufacturer Great Kitchens Inc. for a total of $1.08 billion, the latest steps in its attempt to become a major global food industry player.
The official committee of equity security holders of bankrupt Washington Mutual Inc. has once again asked the bankruptcy court to appoint an examiner, arguing that the bank and creditors committee have refused to share the “fruits of their investigation” with the equity group.
Shareholders of “American Idol” owner CKX Inc. have accused the entertainment licensing firm's directors of breaching their fiduciary duty by failing to seek competing bids after a group led by the show’s creator, Simon Fuller, made a $600 million takeover offer for the company.
Swiss power and automation technology company ABB has reached a deal to buy U.K.-based Chloride Group PLC in a cash offer valued at about £860 million ($1.25 billion).
ConAgra Foods Inc. has sold off its Gilroy Foods & Flavors dehydrated and vegetable product unit to Singaporean agricultural processor Olam International for $250 million.
Microsoft Corp. revealed Tuesday that it plans to sell $1.15 billion in convertible senior notes due in 2013 to help pay down its short-term debt.
A federal appeals court has upheld an order denying the Federal Deposit Insurance Corp. some $22 million in claims coverage from Great American Insurance Co. over alleged merger-related fraud by executives of the now-defunct Connecticut Bank of Commerce.
Casey's General Stores Inc. is asking its shareholders to reject a $1.9 billion tender offer launched in early June by Canadian convenience store chain Alimentation Couche-Tard Inc., saying the hostile bid substantially undervalues the company.
A coalition of Lloyds Banking Group PLC shareholders has sent demand letters accusing executives of concealing key details from investors about the vast debts of HBOS PLC before the 2008 merger of the two financial giants, a deal the group says led to £14 billion ($20 billion) in shareholder losses.
The Tribune Co. can send its reorganization plan to creditors for a vote, a judge said Monday, paving the way for the company to leave bankruptcy protection in the hands of JPMorgan Chase & Co. and other lenders.
The bankrupt InterContinental Chicago O'Hare hotel and certain related assets will be sold to the highest bidder, with at least $42 million of the proceeds funding debtors' estates in the River Road Hotel Partners LLC bankruptcy cases, according to a newly filed plan of reorganization.
The New York County district attorney's office has unveiled a list of criteria that factor into its decisions to file criminal charges against business entities, in what it said was an unprecedented move for a local prosecutor's office.
Spanish health care company Grifols SA announced Monday that it had agreed to purchase Talecris Biotherapeutics for approximately $3.4 billion, nearly a year after a previous buyer for the Cerberus Capital Management LP dropped out under regulatory scrutiny.
The Coca-Cola Co. said Monday it would pay $715 million to distribute drinks from Dr. Pepper Snapple Group Inc. over the next 20 years, as part of Coca-Cola's plan to take over the operations of its North American bottler.
The proposed merger between Comcast Corp. and General Electric Co.'s NBC Universal network could set off a wave of media consolidation that may harm minority-owned outlets, critics warned at a House Judiciary Committee hearing Monday, despite pledges from Comcast to add three minority-owned channels over three years.
Altegrity Inc., a provider of employment background checks, said Monday that it has agreed to buy private investigation firm Kroll Inc. from Marsh & McLennan Cos. Inc. in an all-cash deal worth $1.13 billion.
Two former executives of Dragon Systems Inc. say Goldman Sachs Group Inc. breached its contract with the company by directing it to merge with Lernout & Hauspie Speech Products NV although it knew about the massive fraud at the center of the Belgian speech recognition software company.
Citing lack of jurisdiction, a federal appeals court has thrown out a contract dispute brought by former America West Airlines pilots against the U.S. Airline Pilots Association over their loss of seniority following AWA's acquisition by US Airways Inc.
Former Time Inc. executive Vivek Shah has purchased Ziff Davis Media, publisher of PCMag.com, as part of an effort to turn the former magazine publisher into a new digital media company, the company said Friday.