Markets & Finance

PeopleSoft Agrees to Acquire J.D. Edwards


Software company PeopleSoft (PSFT) agrees to acquire rival J.D. Edwards (JDEC) for $1.7 billion. (6/2)

XO Communications, and its chairman Carl Icahn, launched a bid valued at about $700 million for fiber-optic carrier Global Crossing. Singapore Technologies Telemedia Pte. Ltd. already signed an exclusive agreement to purchase control of Global Crossing -- which filed for bankruptcy in January, 2002 -- for about $600 million. (6/2)

The NASD agreed to sell the American Stock Exchange to Chicago private-equity firm GTCR in a deal valued at $110 million. (6/2)

Bank One (ONE) agreed to acquire the U.S. life-insurance and annuity-underwriting unit of Zurich Financial Services for $500 million. (6/2)

ICN Pharmaceuticals (ICN) agrees to buy the remaining shares of biotechnology company Ribapharm (RNA) for $168 million, or $5.60 per RNA share. (6/2)

Tropical Sportswear (TSIC) says it is exploring strategic alternatives. (6/2)

An entity owned by Chairman Nelson Carbonell Jr. agrees to buy out Cysive Inc. (CYSV) for $3.22 per share. (5/30)

Investor Greg Shepard bids $27.50 per share for State Auto Financial (STFC). (5/30)

BancTrust Financial Group (BTFG) agrees to buy CommerceSouth (COSO) for $25.50 per share in stock and $12.75 per share in cash. (5/29)

Edge Petroleum (EPEX) agrees to buy b>Miller Exploration (MEXP) for between $4.70 to $5.00 per MEXP share. (5/29)


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