Mergers & Acquisitions, Acquisition | featured news

Networking giant Cisco Systems Inc. agreed to acquire Starent Networks, a maker of infrastructure equipment used by wireless carriers, for about $2.9 billion. The technology bellwether—which has been hurt by a pullback in customer ...

GM completed an agreement to sell Hummer to China's Sichuan Tengzhong Heavy Industrial Machinery.

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.

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.