Markets & Finance

PanCanadian Seals Merger Deal with Alberta Energy

PanCanadian Energy (PCX) agrees to acquire Alberta Energy (AOG) in a deal valued at about $6.6 billion. Terms: PanCanadian will issue 1.472 of its shares for each Alberta Energy share, valuing Alberta Energy at $41.66 a share based on Friday's closing price. (1/28)

PanCanadian Energy is in talks with Alberta Energy regarding a potential merger of equals. A deal would create Canada's largest oil and natural gas company. (1/25)

In the latest issue of BusinessWeek, JHC Capital Management's Jonathan Cohen says LendingTree (TREE) is takeover bait for companies like YHOO and EBAY. (1/25)

Some pros think Scientific Games (SGM) is an enticing buyout target: BusinessWeek. (1/25)

PeopleSoft Inc. (PSFT) says it will acquire Momentum Business Applications (MMTM) for about $90 million. (1/25)

AOL Time Warner (AOL) is reportedly in talks to acquire Red Hat (RHAT). (1/22)

The Aging of Abercrombie & Fitch
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