Markets & Finance

Diageo Agrees to Sell Burger King for $1.5 Billion

Diageo (DEO) agrees to revised sales terms of its Burger King unit to a group composed of Texas Pacific Group, Bain Capital Partners, and Goldman Sachs Capital Partners for $1.5 billion. (12/13)

Computer Sciences (CSC) agreed to acquire computer-services company DynCorp for about $950 million, including debt. The deal will boost Computer Sciences' government and homeland security business. (12/13)

Barnes & Noble (BKS) agrees to acquire Sterling Publishing Co., a publisher of how-to titles, for an estimated $100 million. (12/13)

Millennium Bank (MBVA) says it is in talks with financial institutions that could lead to merger or acquisition of the company. (12/11)

Sports Club (SCY) says it will explore various strategic alternatives involving the company, including going into a private deal with certain principal shareholders. (12/11)

Taubman Centers (TCO) rejects Simon Property Group's (SPG) takeover bid of $18 per TCO share. (12/11)

Hughes Electronics (GMH) and EchoStar Communications (DISH) reach a settlement to terminate their proposed merger. DISH paid GMH $600 million in cash, and GMH will keep its 81% stake in PanAmSat (SPOT). (12/10)

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