Charlotte-based real estate investment firm Fitch Irick Partners has acquired GEM Management and has entered into a contract to acquire an affiliated portfolio of more than 190 affordable housing properties, creating one of the largest companies specializing in the development, ...Read More »
A federal bankruptcy judge has cleared the way for American Airlines and US Airways to complete their merger and create the world’s largest airline. The judge ruled Wednesday that this month’s settlement of an antitrust lawsuit filed by the federal ...Read More »
DALLAS — American Airlines, US Airways and the U.S. Justice Department say that they have agreed on a mediator to try to settle the government’s lawsuit against the airlines’ proposed merger. But if they can’t settle, the sides are preparing ...Read More »
I recall that in 1997, the pudding-heads at the Federal Trade Commission put the kibosh on a proposed merger of Office Depot (ODP-$3.95) and Staples (SPLS-$13.25) because it feared the power of these two big-box stores. ODP and OfficeMax (OMX-$11.69) is a merger of two weak companies with a decade of declining revenues, cash flows, book values, earnings and share prices.
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