The McClatchy Co. has reached a deal to buy Knight Ridder Inc., the second-largest U.S. newspaper publisher, for about $4.5 billion in cash and stock, the companies announced Monday. McClatchy will also assume about $2 billion in Knight Ridder’s debt.
In its second major banking deal in a year, credit-card issuer Capital One Financial Corp. said Monday it has agreed to buy North Fork Bancorp. Inc. in a stock and cash deal worth about $14.6 billion.
The combined company will have deposits of more tha
A company accused of using unauthorized personal data “mined” by other firms from about 6 million e-mail addresses nationwide has agreed to reform its practices under a $1.1 million settlement, New York officials said Sunday.
Datran Media Corp. of New
US stock exchange Nasdaq made a £2.4bn ($4.2bn) cash offer to acquire London Stock Exchange PLC. It also sought to get listed in the LSE to strengthen its negotiation prospects.
The 950 pence-a-share bid was announced after the market closed for the d
Watson Pharmaceuticals Inc. said it will acquire Andrx Corp. for $1.9 billion to become the third- largest maker of generic drugs in the U.S.
Watson will pay $25 for each outstanding share of Andrx and finance the transaction with cash reserves and loa
German drug maker Schering A.G. has rejected Merck KGaA’s unsolicited takeover offer of €14.9 billion ($17.4 billion), saying the deal undervalues the company. The €77 ($91.82)-per-share offer was formally announced Monday, but Schering had already
Casino operator Pinnacle Entertainment Inc. agreed to buy Aztar Corp. for about $1.45 billion to move into Las Vegas and Atlantic City, New Jersey. Pinnacle, an owner of casinos in Louisiana, Indiana and Reno, will pay $38 a share, 24 percent more than Az
Eighty miles from Montgomery lies the town of West Point Georgia, which Korean auto-maker, Kia Motors Co., a subsidiary of Hyundai Motor Co., selected as the first Kia location in the US for an auto manufacturing plant that will employ some 5,500 workers.
Toyota Motor Corp. said Monday it plans to build up to 100,000 Camrys a year at a Subaru plant in Indiana, shifting most of the production of the model sold in the U.S. to American soil. The production line, which will be operational a year from now, is e
Ford Motor Co.’s 60-year-old plant in Hapeville, Ga., will be “idled
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