In this paper we will present the information about the recent mergers that have been happening for the last six or seven years. Several giants, like AT&T, TATA Steel, HP etc opt for mergers to increase their profitability.
In the recent times, many companies around the globe involve in merger. The main aim of buying a company is to increase the share value above the sum total of the two merging companies. The two companies together become more valuable than two separate entities.
Weight Watchers merged with Godiva. Campbell Soup have been taken by WTW.
In march 2002, The Federal Trade Commission of the United States announced the merger between Hewlett Packard, one of the leading Imaging and Computing solutions provider and services, and Compaq Computer Corporation.
In 2005, the famous AT&T Corporation, popularly known as AT&T, and SBC Communications Inc. completed the merger and the name of the newly established company was AT&T Inc. However, initially shares of AT&T could be exchanged with SBC Inc shares.
In 2006, The Federal Communications Commission approved the 86 billion dollar merger between Bell South Corporation and AT&T.
In October, 2006, TATA Steel Ltd agreed a 8.04 billion dollars merger with the Corus Group, an Anglo-Dutch steel company.
In January 2007, one of the leading American forest production company Abitibi-Consolidated Inc. announced their merger with Bowater Inc.
On the 19th of February 2007, merger between XM Satellite Radio and Sirius Satellite Radio have been completed. The combination of these two radio services formed a single Satellite Radio network in Canada and US.
In October 2007, the merger of the two big beer companies, Molson Coors and SABMiller, took place. The combination of these two, in which Miller will have 58% shareholding, will now be known as MillerCoors and offer a challenge to the other beer production companies of USA.
To know more about Recent company Mergers one may browse through the following links:
Last Updated on : 29th July 2013