September 5th, 2008
I was up late last night searching for breaking to news to report…and perhaps profit from. :)
I saw a headline that Samsung, the Korean electronics giant, is pursuing an acquistion of SanDisk. SanDisk is a U.S. based computer memory card manufacturer and the world’s largest supplier of flash memory cards.
SanDisk was down over 4 percent yesterday but gained […]
By profsilver -- 0 comments
August 12th, 2008
Longs Drug Stores has agreed to be acquired by CVS Caremark Corp.
CVS has over 6,000 stores nationwide and will acquire 521 Longs drugstore locations scattered across California, Hawaii, Arizona and Nevada. The deal will cost CVS approximately $2.9 billion.
Shares of Longs closed today at $54.04, but CVS offered to purchase the California based drug store […]
By profsilver -- 0 comments
July 14th, 2008
Belgian brewing company InBev announced that it will purchase Anheuser-Busch for $52 billion.
Anheuser-Busch is the North American brewing company responsible for making Budweiser AKA the King of Beers.
InBev has been courting Anheuser Busch for quite some time, but had to up the ante in order to gain the approval of its directors. In June, InBev offered Anheuser Busch shareholders […]
By profsilver -- 0 comments
July 10th, 2008
Dow Chemical has agreed to purchase Rohm and Haas for $15 billion.
Dow representatives say the deal will allow the company to enter the market for specialty chemicals which earn higher margins.
The two chemical giants have been competing for years. While Rohm and Haas may not have been searching for a buyer, I don’t think any […]
By profsilver -- 4 comments
July 7th, 2008
Fresenius SE announced the purchase of APP Pharmaceuticals for $3.7 billion.
Fresenius, a global health care group based in Germany, has over 116,000 employees and brought in over $17 billion in sales last year. APP employs about 1,400 workers and has a handful of production facilities in the U.S. and Canada. Last year, APP brought in approximately $640 million […]
By profsilver -- 3 comments
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