- 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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