Mergers and Acquisitions Update: Eloqua Slides On Exact Target’s Deal, AMR Gets Financing Offer
Shares of Eloqua (ELOQ) fall back subsequent to ExactTarget’s (ET) purchases of the Web marketing software companies Pardot and iGoDigital. The Pardot acquisition might be especially impacting Eloqua as it leaves ExactTarget in better shape to rival its cloud-based marketing automation software platform.
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The bankrupt airline AMR Corporation (AAMRQ.PK) sees a group of its bondholders offer to provide between $1 billion and $2 billion in financing in exchange for large interests in the carrier as a part of its restructuring, according to the Wall Street Journal. The creditors include JPMorgan Chase & Co. (NYSE:JPM), Litespeed and Pentwater, who also do not oppose US Airways Group’s (NYSE:LCC) merger offer.