Food giant Sara Lee saw its shares surge over 18% in premarket trading Monday after the New York Post reported the company turned down a $12 billion buyout offer from private-equity company KKR & Co.), citing unnamed sources.
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The FTC has cleared a BHP Billiton bid for Potash Corp., but that hardly matters. Authorities in the fertilizer company’s home country of Canada may not approve the transaction. And it looks like BHP won’t be the only bidder. T…
Brocade Communications shares surged today on investor speculation that IBM may acquire the company, which makes switches for data-storage networks.
Continue reading Brocade Shares Jump on Rumors of IBM Buyout
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IBM, Oracle, Hewlett Packard and Intel have been on a buying spree of late, and it’s virtually guaranteed that they’ll be purchasing more companies over the next several months. But which companies will they target next? Here a…