by 21st Century Competition | Jul 22, 2014 | Global Blogs
CIT Group announced Monday that it has reached an agreement to acquire Southern California bank OneWest Bank, a takeover worth $3.4 billion. Reports say CIT Group will acquire the regional bank system for $2 billion in cash and the rest in stock. The acquisition will...
by 21st Century Competition | Jul 22, 2014 | Global Blogs
New Zealand’s energy watchdog is looking for ways to give smaller companies a competitive edge against the largest electricity firms with new rule changes, say reports. The Electricity Authority has drafted new rules that would place restrictions on major...
by 21st Century Competition | Jul 22, 2014 | Global Blogs
Just days after Sprint and T-Mobile were reported to be planning a joint bid during next year’s spectrum auction in support of their expected merger, America Movil is now said to be planning a possible bid to acquire T-Mobile, a move that could set off a bidding...
by 21st Century Competition | Jul 22, 2014 | Global Blogs
The takeover of a bailed-out bank in Spain is a sign of confidence in the recover of the nation’s economy, the acquirer said. Banco Bilbao Vizcaya Argentina announced Tuesday that it will acquire Catalunya Banc in a $1.62 billion deal. During the announcement,...
by 21st Century Competition | Jul 22, 2014 | Global Blogs
After the Competition and Markets Authority held up its predecessor’s ruling against Eurotunnel, requiring the ferry servicer to divest assets and break up its operations on a certain route, Eurotunnel has vowed to appeal, though warns that the appeal will not...
