Takeover
- BusinessAOL
FedEx to take over Dutch delivery firm TNT Express
Parcels delivery firm TNT Express is set for a takeover by rival FedEx after the Dutch firm backed an offer worth 4.4 billion euro (£3.2 billion). The two companies want to combine TNT's European road operations and FedEx's strength in
1-min read - BusinessAOL
Daimler could buy Aston Martin
Aston Martin Daimler, the parent company of luxury German automotive giant Mercedes-Benz, could be getting ready to purchase British marque Aston Martin, reports Car and
- PoliticsAOL
Chinese tycoon offers to buy House of Fraser for £450m
Department store chain House of Fraser was today being linked to a £450 million takeover by a conglomerate little known outside China. Nanjing-based Sanpower, which has more than 100 businesses in mainland China including shopping centres, is
- BusinessAOL
Parcels merger deal falls through
The collapse of a takeover deal between delivery firms United Parcel Service (UPS) and TNT Express has provided a welcome boost to Royal Mail. Atlanta-based UPS ditched its plans to pay 5.2 billion euros (£4.3 billion) for Netherlands-based TNT
- BusinessAOL
Penguin unveils new merger deal
A new chapter in the 77-year history of book publisher Penguin has been written with a deal to merge the business with rival Random House. The new venture, which will be called Penguin Random House, will have an estimated one quarter share of
- NewsAOL
Newspaper groups ponder partnership
Two newspaper groups are reported to be working on plans to pool their regional titles into a new business called Local World. The proposed combination involves Northcliffe Media, which is the regionals arm of Daily Mail & General Trust
- BusinessAOL
News Corp 'may try to buy Penguin'
HarperCollins owner News Corporation is reportedly readying a £1 billion offer for Penguin in an attempt to scupper plans for a new publishing giant. News Corp, whose chairman and chief executive is Rupert Murdoch, is thought to have indicated
