Drug giant Merck said it will buy Cubist and a slate of medicines administered in the hospital setting, many for bacterial infections, for about $9.5 billion, for $102 a share in cash.
Dealmaking is not nearly at a high yet, and the mergers and acquisitions cycle is likely only in the fifth inning, Blackstone Group chief Steve Schwarzman told CNBC on Wednesday.
Hackers have targeted the emails of executives in more than 100 companies to steal market-moving information for stock trading, a report revealed.
Announced M&A transactions in the telecommunications sector total US$135.6 billion so far during 2014, down 46% from the value registered during the same period last year (US$249.5 billion).
M&A is the place to be.
The environment for mergers and acquisitions is as strong as it's ever been, a top JPMorgan Chase banker with nearly 40 years of experience on Wall Street told CNBC on Thursday.
Making a bonus comeback in 2014.
John Paulson , founder of hedge fund firm Paulson & Co., said high levels of corporate merger and acquisition activity "will continue for the foreseeable future."
Deal after deal, the first six months of 2014 marked a bumper period for mergers and acquisitions.
Singaporean companies went on a record-setting merger and acquisition (M&A) spree in the first half, with deal volume surging to $40 billion, more than double the $17.3 billion recorded in 2013, according to Dealogic.