Communications giant AT&T is engaged in talks to purchase rival provider T-Mobile to the outrage of some of its customers who have joined in a class action lawsuit to stop the merger. In an attempt to end arbitration claims made by the group of eight customers,...
Business Law Professionals
Mergers & Acquisitions
AT&T seeks to end arbitration in T-Mobile merger
Communications giant AT&T is engaged in talks to purchase rival provider T-Mobile to the outrage of some of its customers who have joined in a class action lawsuit to stop the merger. In an attempt to end arbitration claims made by the group of eight customers,...
Congressman urges careful evaluation of AT&T/T-Mobile merger plan
AT&T Inc's proposal for the acquisition of T-Mobile USA, a $39 billion merger, has led to pressure on antitrust regulators to quash the plan. Congressman Lamar Smith, chairman of the House Judiciary Committee, called such opposition one-sided. He made the...
Congressman urges careful evaluation of AT&T/T-Mobile merger plan
AT&T Inc's proposal for the acquisition of T-Mobile USA, a $39 billion merger, has led to pressure on antitrust regulators to quash the plan. Congressman Lamar Smith, chairman of the House Judiciary Committee, called such opposition one-sided. He made the...
U.S. utility mergers encountering fewer obstacles for approval
In 2006, state officials repeatedly shot down attempts for a merger between Exelon and Public Service Enterprise Group Inc., a utility company based in Newark, New Jersey. Antitrust regulators were concerned that such a move might allow the resulting company to...
New Jersey and Canadian companies to merge
Clement Pappas and Company Inc., the operator of a canning company based in Seabrook, New Jersey, has agreed to a merger with the Quebec-based firm, Lassonde Industries. Lassonde will possess a majority of the merged companies. Clement Pappas will be run as a...
Two major New Jersey health care providers merge
A merger between Newton Memorial Hospital and one of the largest New Jersey not-for-profit hospital systems was recently approved. Like many New Jersey mergers, this health care merger is expected to result in improved customer service and increased cost efficiency....
Microsoft acquires Skype for $8.5 billion
The business world was buzzing this week over the acquisition of EBay-owned Skype by Microsoft Corp. The acquisition was official as of Tuesday. In the deal, Skype was purchased from investors for $8.5 billion.Skype originated as a start-up in Estonia in 2003. The...
Deal pending to acquire Atlantic City-based Trump Marina Hotel Casino
Atlantic City, New Jersey is well known throughout the nation as a gambling destination. The city plays home to 11 casino hotels, the worst performing of which is Trump Marina Hotel Casino. Trump Marina is owned by Trump Entertainment Resorts Inc. and has been on the...
Comcast-NBCU Merger Official
The long negotiation process has finally been completed and the $30 billion merger deal of Comcast Corp and NBC Universal is official. Gaining the approval of federal antitrust regulators took 13 months. Last month, the Federal Communications Commission (FCC) and the...