Market News: Lawson, Ford, Netflix, UBS, Amazon…
Lawson to be sold for $2B. GGC Software Holdings, an affiliate of Golden Gate Capital and Infor, has agreed to buy Lawson Software (LWSN) for around $2B, or $11.25 a share. This is below Lawson’s closing price yesterday of $12.12. The deal comes after Lawson received an offer from Golden Gate and Infor earlier this [...]
Market News: NYSE, Transocean, Southwest, Toyota…
NYSE says savings favor Deutsche Boerse deal. The New York Stock Exchange (NYX) released a report that sees savings of about $583 million in its $9.8 billion merger deal with Deutsche Boerse (DBOEY.PK), up about a third from initial estimates. The deal now promises net savings and synergies of $725 million – closer to the [...]
Market News: BP sues Transocean, Apple Earnings, Japan’s outlook cut…
BP sues Transocean, Cameron over Gulf spill. One year after the Deepwater Horizon disaster, BP (BP) has filed suit against Transocean (RIG), seeking at least $40B in damages from the rig owner for negligence in causing the drilling rig to be ‘unseaworthy.’ BP is also suing Cameron (CAM) for negligence, claiming a blowout preventer made [...]