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Mergers of advisers and benefit firms seen as a natural fit
Mergers between employee benefit and financial advisory firms may become common as they set their combined sights on baby boomers’ retirement assets, according to industry observers.
CME ups ante for CBOT merger
CME today raised its bid on CBOT, just in time for CBOT’s shareholder meeting on Monday.
Blackstone checks into Hilton Corp.
Blackstone has bought Hilton Hotels in an all-cash transaction valued at approximately $26 billion.
Investor: CBOT may nix deal
A CBOT shareholder says members will nix a takeover bid from the CME unless the Merc puts up more money.
Wilmington completes Bingham Legg takeover
The Delaware trust giant now controls the Boston-based tax-sensitive adviser.
NASDAQ to buy corporate technology firm
NASDAQ has agreed to buy closely held Directors Desk, a provider of record keeping and communications technology.
U.S. M&A’s top $1 trillion
U.S. mergers and acquisitions smashed through the $1 trillion ceiling in the first half of the year.
Hedge funds pursue TD Ameritrade
Hedge funds Jana Partners and S.A.C. Capital Advisors today asked the board of TD Ameritrade to empower independent directors to lead discussions regarding potential mergers and acquisitions.
Rydex to be acquired by Security Benefit
The Security Benefit Group of Companies today announced it will acquire Rydex Investments.
CBOT investor votes against Merc deal
CBOT's biggest shareholder cast its ballots against CME's planned acquisition of the CBOT, ratcheting up pressure on Merc executives to raise their bid or risk losing the deal.
Fidelity National to buy eFunds
Mortgage processor Fidelity National Information Services will buy eFunds Corp., a processor of electronic debit-card transactions, for $1.8 billion.
National Penn Bancshares to buy Christiana
National Penn Bancshares will acquire Christiana Bank & Trust Co. for about $56.5 million in stock and cash.
FTC OKs retail brokerage merger
The Federal Trade Commission has cleared Wachovia Corp.’s purchase of A.G. Edwards.
BlackRock to acquire Quellos
New York-based asset management firm BlackRock will buy Quellos Group's fund of funds business for up to $1.7 billion.
Dutch top court may lean to Barclays
An adviser to the Dutch high court said ABN Amro can sell LaSalle without shareholder approval.
Principal Global to buy stable-asset manager
Principal Global Investors has signed an agreement to acquire Morley Financial Services for $75 million.
Furse confident about Borsa deal
LSE's chief is confident the exhcange will receive shareholder approval for its all-share takeover of Borsa Italiana.
ABA and ACB to merge
Two powerful bank trade groups today announced plans for a merger.
Global M&A deals zoom to $2.5 trillion
The value of global mergers and acquisitions deals rose 53% to $2.5 trillion in the first half of the year, according to data published by Thomson Financial today.
Italian exchange said to accept LSE bid
Markets operator Borsa Italiana has reportedly approved a $2 billion merger offer from the London Stock Exchange.
