Merger activity stirs on Wall Street

Published on NewsOK Modified: February 14, 2013 at 2:21 pm •  Published: February 14, 2013
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HEINZ

Billionaire Warren Buffett and investment firm 3G Capital announced Thursday that they are buying Heinz ketchup company in a deal valued at $23 billion. Buffett has been hunting for elephant-sized deals. At the end of September he had $47.8 billion cash to finance investments.

DELL

The struggling personal computer maker Dell sold itself to founder Michael Dell and a group led by investment firm Silver Lake, in a deal that valued the company at $24 billion. The deal was announced Feb. 5.

AMERICAN AIRLINES AND US AIRWAYS.

An $11 billion tie-up will create the world's biggest airline. US Airways Group Doug Parker, who will run the combined airline, sought a merger almost as soon as American parent AMR Corp. filed for bankruptcy protection in November 2011. The deal was announced early Thursday.

FREEPORT-MCMORAN COPPER & GOLD

The Phoenix-based miner said in December that it was buying Plains Exploration & Production Co. in a bid to become a natural resources conglomerate. The company is paying $17.2 billion for the oil and gas exploration company.

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