Mergers & Acquisitions

A $1.43 billion bid from Park Ridge, New Jersey-based Hertz Global Holdings, Inc. to acquire Dollar Thrifty Automotive Group Inc. was accepted by Dollar's board this week. Hertz had been competing with Parsippany-based Avis Budget Group Inc. in its effort to...

Park Ridge, New Jersey-based Hertz Global Holdings Inc. is set to acquire Dollar Thrifty Automotive Group Inc. Dollar Thrifty said this week that it accepted a new $1.43 billion offer from Hertz. In April, Hertz had offered $41-per-share, but the new offer...

Antitrust regulators at the Justice Department approved the $8 billion merger plan of United and Continental airlines late last week. The deal to create one of the world's largest airlines is now set to be approved as early as Thanksgiving. Before the companies get...

The Federal Communication Commission's comment period for the proposed merger between Comcast and NBC Universal ended yesterday. As such, critics of the merger used the final opportunity to voice their concerns over the proposed deal and Comcast responded in...

Comcast's challenge was not over after it crafted and proposed a $30 billion deal to merge with NBCU; it now faces intense political scrutiny. The potential deal is now six months into an anti-trust review by government...

As reported in the previous post, when Comcast announced the $30 billion merger deal with NBCU in December, it said it would readily accept certain conditions for approval by government regulators, but it would not accept "abusive conditions."Now six months into...

Detailed and interesting commentary by The Deal Professor, Steven M. Davidoff, recently appeared in The New York Times' DealBook section on Mergers & Acquisitions regarding the bidding war for Dollar Thrifty, which has been discussed in previous...

Dollar Thrifty Automotive Group Inc. is currently considering a $1.33 billion counter-offer to merge with Parsippany, New Jersey-based Avis Budget Group Inc. In April, Park Ridge, New Jersey-based Hertz Global Holdings Inc. offered $41 a share in cash and stock for...

You may have heard by now that the New Jersey Nets hired a new general manager last month. In mid-July, Nets president Rod Thorn officially handed over the position to Billy King during a press conference. King was formerly the president and general manager...

According to The Associated Press, drugmaker Merck & Co. announced Thursday that it is closing eight manufacturing plants and eight research sites around the world. The Whitehouse Station, New Jersey, company has been strategically restructuring its...