Date: Mon, Aug 23, 2010 at 12:00 PM
HP outbids Dell for data-storage provider 3Par
Hewlett-Packard offers to buy data-storage provider 3Par for $1.6 billion, eclipsing an earlier agreement 3Par reached with Dell as the tech rivals strive to expand beyond their core businesses in personal computers.
POTASH IN TALKS WITH THIRD PARTIES TO FEND OFF BHP
Potash Corporation of Saskatchewan Inc. urged its shareholders on Monday to reject BHP Billiton's nearly $39 billion unsolicited bid and said it's in talks with third parties about an alternative.
SABMILLER MAY OFFER $10.9 BILLION FOR FOSTER'S
SABMiller PLC, the world's No. 2 beer maker, reportedly is considering spending up to $10.9 billion to acquire the beer operations of Foster's Group Ltd., the largest brewer in Australia, according to a media report Sunday.
HSBC MAY BUY NEDBANK STAKE WORTH OVER $6 BILLION
HSBC Holdings is in exclusive talks to buy a majority stake in Nedbank, South Africa's fourth-largest lender, from U.K. insurance firm Old Mutual. A deal could command a price tag of more than $6 billion, as HSBC looks to position itself to capitalize on growing trade between Africa and Asia.
U.S. STOCKS ERASE GAINS AS DEAL EUPHORIA FADES
U.S. stocks fall slightly, erasing an earlier rally as investors return their focus to the weak economy while excitement over a burst of deal activity fades.
HP outbids Dell for data-storage provider 3Par
Hewlett-Packard offers to buy data-storage provider 3Par for $1.6 billion, eclipsing an earlier agreement 3Par reached with Dell as the tech rivals strive to expand beyond their core businesses in personal computers.
POTASH IN TALKS WITH THIRD PARTIES TO FEND OFF BHP
Potash Corporation of Saskatchewan Inc. urged its shareholders on Monday to reject BHP Billiton's nearly $39 billion unsolicited bid and said it's in talks with third parties about an alternative.
SABMILLER MAY OFFER $10.9 BILLION FOR FOSTER'S
SABMiller PLC, the world's No. 2 beer maker, reportedly is considering spending up to $10.9 billion to acquire the beer operations of Foster's Group Ltd., the largest brewer in Australia, according to a media report Sunday.
HSBC MAY BUY NEDBANK STAKE WORTH OVER $6 BILLION
HSBC Holdings is in exclusive talks to buy a majority stake in Nedbank, South Africa's fourth-largest lender, from U.K. insurance firm Old Mutual. A deal could command a price tag of more than $6 billion, as HSBC looks to position itself to capitalize on growing trade between Africa and Asia.
U.S. STOCKS ERASE GAINS AS DEAL EUPHORIA FADES
U.S. stocks fall slightly, erasing an earlier rally as investors return their focus to the weak economy while excitement over a burst of deal activity fades.
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