Mergers & Acquisitions

On Wednesday, the CEOs of Continental Airlines Inc. and United Airlines parent UAL Corp. defended their plan for a merger to skeptical members of Congress. Lawmakers are concerned that a merger will lead to higher fares, job losses, and a decreased quality...

On Wednesday, congressional lawmakers raised serious antitrust concerns with the CEOs of United Airlines parent UAL Corp. and Continental Airlines Inc. over their plan to merge. The merger involves a $3 billion stock swap and would create the world's largest...

While the rental car giants Hertz and Avis argue in public over who has the better chance to get regulatory approval to acquire Dollar Thrifty Automotive Group, investors and experts believe that it will come down to the highest bid, The Wall Street Journal reports....

The Park Ridge, New Jersey-based rental car company, Hertz Global Holdings Inc., is waiting to see how much money Avis Budget Group Inc. will bid in a counter-offer in the two companies' long-time battle to acquire Dollar Thrifty Automotive Group. People...

On Tuesday, it was announced that Kearny Financial Corp. will acquire Central Jersey Bancorp for $72.3 million. Kearny Financial Corp will pay in cash. The transaction between the two companies is pending approval by regulators and shareholders. Five months ago, Ocean...

The proposed merger of United and Continental airlines will almost certainly face a difficult approval process. Both politicians and antitrust regulators are sure to raise questions about the merger and the effect it will have on consumers already concerned about...

New Jersey's NBA team, the Nets, has a new owner. In a recent business acquisition between developer Bruce Ratner and Russian entrepreneur Mikhail Prokhorov, $200 million bought Prokhorov the title of the Nets' majority owner. Prokhorov, 45, has made most of his money...

Avis Budget Group Inc. has thrown a wrench in what was an ongoing negotiation between Hertz Global Holdings Inc. and Dollar Thrifty Automotive Group. Both Hertz and Avis are looking to buy out Dollar Thrifty, a business acquisition that will change the face of the...

This past weekend marks a change for one of New Jersey's biggest employers, Continental Airlines. On May 2, Continental and United airlines agreed to a $3 billion merger. The new company will go by the name of United and be based in Chicago, a change that threatens...