Markets & Finance

Time Warner Agrees to Sell Warner Music


Time Warner (TWX) intends to sell its Warner Music business to an investor group led by Ed Bronfman Jr. for roughly $2.61 billion. (11/24)

UniSource Energy (UNS) is holding advanced talks to be acquired in Kohlberg Kravis-led leveraged buyout for about $850 million plus debt assumption of some $2 billion, according to the Wall Street Journal. (11/24)

ArvinMeritor (ARM) withdrew its offer for Dana Corp. (DCN) after Dana's board unanimously rejected ArvinMeritor's sweetened offer of $18 a share. (11/23)

Eli Lilly (LLY) agrees to buy Applied Molecular Evolution (AMEV) for $18 per share in cash or stock. (11/21)

Integrity Media's (ITGR) principal stockholder, president and CEO, offers to take the company private at $6.25 per share. (11/21)

Plains Resources (PLX) says it is reviewing a $14.25 per share buyout bid from its chairman and CEO, and Vulcan Capital. (11/21)

National City (NCC) agrees to buy Allegiant Bancorp (ALLE). Terms: 0.833 NNC share or $27.75 per ALLE share. (11/20)

Ventas (VTR) agrees to buy ElderTrust SBI (ETT) for $12.50 per share. (11/20)

NCO Group (NCOG) agrees to buy RMH Teleservices (RMHT) for $5.50 in NCOG stock per RMHT share. (11/19)

Charles Schwab (SCH) agrees to buy SoundView Technology (SNDV) for $15.50 per share. (11/19)

Chinadotcom (CHINA) makes $2 per share cash bid for Pivotal Corp (PVTL). (11/18)


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