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Talk Stock Trading - Financial Market News

September 18th, 2008

WaMu is for sale

I threw it out there earlier this week, but it has been confirmed: Washington Mutual is looking for a buyer. 
Maybe WaMu has publicly denied rumors that it was searching for a buyer, while privately sporting a “FOR SALE” sign in an attempt to raise confidence or safe face…I’m reaching here!
IDK, but WaMu’s stock has shed over 90 percent of […]

By profsilver -- 1 comment

September 14th, 2008

Bank of America buys Merrill Lynch

Wall Street has gone mad this weekend!
While everyone was focusing on Lehman’s desperate search for a buyer, who knew Merrill Lynch was for sale? 
A word of advice for this market, particularly banks: everything is for sale.
Bank of America has agreed to buy Merrill Lynch for $44 billion.  This deal equates to roughly $29 per share.  […]

By profsilver -- 1 comment

August 22nd, 2008

King offer sends Alpharma shares up 45 percent

King Pharmaceuticals sought a friendly merger with Alpharma, Inc. and this morning, submitted a $1.4 billion bid for their specialty drug making counterpart.
King submitted an initial offer on August 4th which was obviously rejected.  Today’s offer was almost a 50 percent increase from the previously rejected bid and a 37 percent premium over Alpharma’s closing price […]

By profsilver -- 0 comments

August 12th, 2008

Delta and Northwest pilots approve agreement

Pilots at Delta and Northwest have approved a joint collective bargaining agreement, clearing one hurdle on the path to a friendly merger.
The new agreement covers approximately 12,000 pilots between the two airlines, and gained support of over 60 percent of Delta’s pilots and 86 percent of Northwest’s pilots.   The agreement will take effect when the merger between the two airlines […]

By profsilver -- 0 comments