Acquisition | featured news

With the sale of the energy-trading unit to Occidental, Citigroup could potentially avoid controversy over the compensation of Andrew J. Hall, who ran the firm.

Xerox Corp (XRX.N) said it will buy Affiliated Computer Services Inc (ACS.N) in a $6.4 billion cash-and-stock deal that expands the copier company into outsourcing and data management. The deal, priced at a 33.6 percent premium to ...

Belgian drugs, chemicals and plastics maker Solvay said on Monday it would sell its drugs unit to U.S. partner Abbott Laboratories for 4.5 billion euros ($6.61 billion) in cash and reinvest in chemicals and plastics.

Russia's richest man has a deal to buy a controlling interest in the New Jersey Nets and nearly half of a project to build a new arena in Brooklyn.

Mikhail Prokhorov's Onexim Group announced the deal Wednesday with Forest City Ratner Companies and Nets Sports and Entertainment.

Bank of America Corp failed to meet a Monday midday deadline to hand over further details about its acquisition of Merrill Lynch to a congressional investigative committee, a panel spokeswoman said.