Maryland Daily Record Maryland's trusted source for business and legal news
JetBlue Airways has agreed to buy Spirit Airlines for $3.8 billion and create the nation’s fifth-largest airline.
Read More »After bidding war, JetBlue agrees to buy Spirit for $3.8B
With Frontier deal dead, Spirit ponders sale to JetBlue
Spirit Airlines and Frontier Airlines agreed to abandon their merger proposal, opening the way for JetBlue Airways to acquire Spirit.
Read More »Justice Department files antitrust suit to stop major book publisher merger
The Justice Department is suing to block a $2.2 billion book publishing deal that would reshape the industry, saying consolidation would hurt authors and readers.
Tagged with: antitrust books Justice Department mergers publishers
Read More »Obama wants limits on U.S. company mergers abroad
Staking out a populist stand ahead of the midterm elections, President Barack Obama on Thursday demanded "economic patriotism" from U.S. corporations that use legal means to avoid U.S. taxes through overseas mergers.
Tagged with: Barack Obama mergers Small business
Read More »FCC approves T-Mobile-MetroPCS deal
NEW YORK — The Federal Communications Commission on Tuesday approved the merger of T-Mobile USA and MetroPCS Communications Inc., the No. 4 and No. 5 cellphone carriers in the country. The Justice Department cleared the merger last week, meaning that ...
Tagged with: Business consumer electronics federal communications commission mergers t-mobile Technology
Read More »A drop in 2nd quarter mergers and acquisitions
While mergers and acquisitions in Maryland fell 31 percent from the previous quarter and 40 percent from the corresponding period last year, one local company has continued to make nine-figure deals.
Tagged with: acquisition Constellation Energy Group Corporate Office Properties Trust maryland mergers RLJ lodging trust sinclair broadcast group inc
Read More »Outside Counsel: United Bankshares closes deal with Centra
Hagerstown-based tech company acquired Network Connectivity Solutions Corp. (NETCONN), a Hagerstown-based company that provides cloud computing and enterprise services to Department of Defense agencies, has been acquired by General Dynamics. The Fairfax, Va., defense conglomerate will add NETCONN to its ...
Tagged with: acquisition hagerstown in-house counsel maryland mergers outside counsel rockville u.s. department of defense
Read More »Barry Rosen: Health care horizontal merger guidelines are changing
Recent federal guidance should remind health care organizations to evaluate the antitrust laws carefully when considering a merger with an actual or potential competitor. The federal Clayton Act prohibits firms from merging with competitors (that is, merging horizontally) when the ...
Tagged with: barry f. rosen Barry Rosen change department of justice federal trade commission ftc guidelines merger mergers
Read More »Second-quarter M&A activity a good sign for economic recovery
Although the estimated $7.9 billion acquisition of Constellation Energy Group by Exelon Corp. was the quarter’s biggest mergers-and-acquisition deal, for the last three months it has been all about real estate. According to data compiled by Bloomberg Financial exclusively for ...
Tagged with: acquisition Baltimore Banks Constellation Energy Group Exelon Corp. Hotels lasalle hotel properties mergers mergers and acquisitions MXenergy Real Estate REITs richard clinch spending University of Baltimore
Read More »Big deals keep flowing in Maryland
The deals kept on flowing in the first quarter of 2011 as the number of mergers and acquisitions in Maryland increased over the final three months of 2010, driven by big ticket sales including the steel plant at Sparrows Point ...
Tagged with: acquisition maryland mergers Real Estate sale Sparrows Point steel mill
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