The discussion talks were confirmed last week by Xstrata PLC (LSE:XTA, Pink Sheets:XSRAY) that it and Glencore International PLC (LSE:GLEN) were considering a merger, although careful to say that no assurance was given that a deal would ever materialize.  This morning, that deal came public with the two industry giants agreeing to merge in an all-share deal that would create a $90 billion natural resources behemoth. Read More

As a result of what Valeant Pharmaceuticals International Inc. (NYSE:VRX, TSX:VRX) called “a lack of progress,” Valeant has withdrawn its offer to buy ISTA Pharmaceuticals Inc. (NASDAQ:ISTA) for $7.50 a share in cash.

Valeant had been aggressive in its efforts to acquire California-based ISTA, increasing the offer from $6.50 to $7.50 earlier this month and stating that the offer could go as high as Read More

Pep Boys may have everything for less, but today they got more. Pep Boys – Manny Moe & Jack (NYSE:PBY), the U.S.’s largest automotive aftermarket service and retail chain said this morning that it is going private via a definitive merger agreement to be acquired by The Gores Group, one of the country’s leading investment firms. The agreement is valued at approximately $1 billion, or $15 per share for holders of PBY. Read More