Newspaper wrap-up: Acxiom deal may be off

Posted Oct 1st 2007 9:15AM by Eric Buscemi
Filed under: Newspapers, Magazines, General Motors (GM), Nokia Corp. (NOK), United Parcel'B' (UPS), BP p.l.c. ADS (BP)

MAJOR PAPERS:

The Wall Street Journal reported that Nokia Corporation (NYSE: NOK) is in talks to acquire Navteq, according to people familiar with the matter.
The Wall Street Journal reported that Acxiom Corporation's (NASDAQ: ACXM) private-equity suitors are negotiating to break off the $2.25B buyout, according to people familiar with the situation.
United Parcel Service (NYSE: UPS) reached a tentative agreement on a five-year contract with the Teamsters union that lets UPS withdraw from the union's pension fund, reported the Wall Street Journal.
The Financial Times reported that the deal to transfer General Motors Corporation's (NYSE: GM) healthcare obligations to a union-managed trust could make the United Autoworkers union GM's largest shareholder.

OTHER PAPERS:

British energy giant BP (NYSE: BP) is searching for a new chairman, hiring a headhunting firm to search for a replacement for the current chairman, Peter Sutherland, reported the U.K. Times.

Tags: acxiom, acxm, bp, financial times, FinancialTimes, ft, general motors, GeneralMotors, gm, london times, LondonTimes, newspaper, nok, nokia, paper, periodical, uk times, UkTimes, ups, wall street journal, WallStreetJournal, wsj

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Reader Comments (Page 1 of 1)

10-01-2007 @ 11:48AM

justin said...

that fact that Nokia is proposing $8 billion for Navteq mean that there's hope for M&A's in the near future? One of today's Newsvisual articles pointed out a pretty interesting connection between a couple of key people at either company (link to article: http://www.newsvisual.com/newsvisual/2007/10/nokia-and-navte.html ). Would anyone say that there's much influence behind this?