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Verizon Emerges As Winner Of Straight Path Sale
Verizon Communications Inc. (NYSE:VZ) is the winner of the auction for wireless spectrum holder Straight Path Communications Inc. (NYSE:STRP) with a $3.1 billion bid. The $184 per share all-stock offer represents a discount of 17.8... More of this article »
Coach Acquiring Kate Spade For $2.4B
Handbag maker Coach Inc. (NYSE:COH) has announced it has reached a deal to acquire its smaller rival, Kate Spade & Co. (NYSE:KATE), for $2.4 billion. Coach has reportedly agreed to pay $18.50 per share in an all-cash offer, representing... More of this article »
Anthem Fails To Overturn Block of Cigna Merger
An appeals court has denied Anthem Inc.’s (NYSE:ANTM) bid to overturn a court ruling that blocked its planned merger with Cigna Corp. (NYSE:CI) The federal appeals panel in Washington upheld the lower court’s ruling by a 2-1 vote.... More of this article »
DuPont-Dow Merger Delayed By FMC Asset Deal
To win European Union approval for its merger with Dow Chemical (DOW.N), DuPont (DD.N) has announced its intentions to sell part of its crop protection business to FMC Corp. (FMC.N) while buying another unit of the company. This will... More of this article »
Darden Restaurants Adds Cheddar’s Scratch Kitchen To Portfolio
Darden Restaurants (NYSE:DRI) has agreed to buy Cheddar’s Scratch Kitchen for $780 million in cash. Cheddar’s sells pasta, sirloin steaks, grilled catfish and baby-back ribs, among other home-style favorites. Darden’s... More of this article »
Dow DuPont Merger Receives EU Approval
Dow Chemical (NYSE:DOW) and DuPont (NYSE:DD) have received approval for their $130 billion merger from the European Union. The approval is a big victory for the companies. The European Union’s approval means the deal will remain... More of this article »
Potential Merger Between Albertsons And Sprouts In Works
Reports have emerged of a potential merger between grocery giant Albertsons and Sprouts Farmers Markets (NASDAQ:SFM). According to sources that asked to remain anonymous, the discussions are at an early stage and may not lead to a... More of this article »
Wal-Mart Buys Online Retailer ModCloth
Wal-Mart (NYSE:WMT) has purchased online women’s fashion retailer Modcloth for an undisclosed amount, although Wal-Mart did say it was an all-cash acquisition. The deal included both assets and operations. The company announced... More of this article »
Restaurant Brands International Adding Popeyes To Portfolio
Restaurant Brands International (NYSE:QSR), owner of Burger King and Tim Hortons, has announced that it will be adding Popeyes Louisiana Kitchen (NASDAQ:PLKI) to its portfolio of brands. Restaurant Brands International CEO Daniel Schwartz... More of this article »
Kraft Heinz Bids $143B For Unilever, Is Rebuffed
Kraft Heinz (NASDAQ:KHC) has offered to buy Unilever (NYSE:UL) in a $143 billion deal that would potentially combine some of the world’s best known consumer brands. Unilever said that Kraft Heinz offered to pay $50 a share for the... More of this article »
Time Warner Shareholders Approve AT&T Deal
Time Warner Inc. (NYSE:TWX) shareholders have voted to sell the company to AT&T (NYSE:T) for $85.4-billion. According to a preliminary count of the votes, stockholders representing about 79 percent of the outstanding shares of... More of this article »
Aetna Merger With Humana Canceled
The planned merger between Aetna Inc. (NYSE:AET) and Humana Inc. (NYSE:HUM) has been officially called off. Aetna also terminated its plan to sell some Medicare Advantage assets to Molina Healthcare Inc., which was seen as a way to... More of this article »
Chinese Firm Seeks To Buy MoneyGram
Ant Financial Services Group, the payment affiliate of Chinese e-commerce giant Alibaba Group Holding, wants to buy money-transfer company MoneyGram International (NASDAQ:MGI) and is apparently willing to pay about $880 million for... More of this article »
Deal Between Verizon And Yahoo Delayed
Verizon Communications Inc. (NYSE:VZ) has pushed back the expected closing date for its purchase of Yahoo Inc.’s (NASDAQ:YHOO) main business. Verizon cited “work required to meet closing conditions” as the reason for the delayed... More of this article »
UnitedHealth Announces Plan To Buy Surgical Care Affiliates
UnitedHealth Group (NYSE:UNH) has announced its intentions to acquire Surgical Care Affiliates (NASDAQ:SCAI), a chain of outpatient surgery centers. UnitedHealth agreed to pay about $2.3 billion for the purchase of Surgical Care Affiliates’... More of this article »
Mars Inc. Purchasing VCA Inc. For $7.7 Billion
Mars Inc. has agreed to acquire veterinary services company VCA Inc. (NASDAQ:WOOF) for $7.7 billion, or $93 a share, in an all-cash transaction. Including debt, the deal is valued at $9.1 billion. The statement from the companies said... More of this article »
Praxair And Linde Announce Merger Intentions
Praxair Inc. (NYSE:PX) and Linde AG (FRA:LIN) have announced their intentions to join forces to create the industrial-gas industry’s biggest player. Praxair and Linde make gases used in all sorts of industrial applications, as well... More of this article »
Alaska Airlines And Virgin America Begin Process Of Merging
Alaska Air Group (NYSE:ALK) has formally begun the process of merging with San Francisco-based Virgin America after officially closing on the acquisition. The merger has created what is now the fifth largest U.S. airline. The combined... More of this article »
Johnson & Johnson Ends Bid For Actelion
Johnson & Johnson (NYSE:JNJ) has ended its bid to buy Swiss drug company Actelion Pharmaceuticals Ltd. The pursuit of a deal was announced by the companies last month. Actelion shares have risen in recent weeks on expectations... More of this article »
Fitbit To Acquire Assets Of Smartwatch Maker Pebble
Fitbit Inc. (NYSE:FIT) has officially announced that it is buying key assets from smartwatch startup Pebble. The deal reportedly closed yesterday, December 6. Fitbit co-founder and CEO James Park said in a release, “With this acquisition,... More of this article »
Symantec Announces Bid To Buy LifeLock
Computer security firm Symantec (NASDAQ:SYMC) announced a $2.3 billion bid to buy identity protection service LifeLock (NYSE:LOCK) on Monday. The offer for LifeLock values its shares at $24 apiece, 16 percent above Friday’s closing... More of this article »
General Electric Makes Huge Bid For Baker Hughes
General Electric’s (NYSE:GE) bid to pay $7.4 billion in cash to combine its sector assets with Baker Hughes (NYSE:BHI) may be its biggest-ever deal in the oil and gas industry. GE will pay Baker Hughes a special dividend of $17.50... More of this article »
TD Ameritrade-Scottrade Merger Under Scrunity
TD Ameritrade (NASDAQ:AMTD) has announced plans to purchase Scottrade for $2.7 billion, but the deal may face some regulatory hurdles and is expected to face close scrutiny from regulators. TD Ameritrade’s acquisition of Scottrade... More of this article »
British American Tobacco Seeks To Acquire Reynolds American
British American Tobacco PLC (LON:BATS) wants to own all of Reynolds American Inc. (NYSE:RAI). BAT offered to pay $47 billion for the roughly 58 percent of Reynolds that it doesn’t already own. The company would pay cash and... More of this article »
Bass Pro To Acquire Outdoor-Gear Rival Cabela’s
Bass Pro Shops is close to acquiring Cabela’s Inc. (NYSE:CAB) after partnering with Goldman Sachs Group Inc’s private equity arm and Capital One Financial Corp. to submit the winning bid for the company. The wilderness-themed... More of this article »
Allergan Announces Pair Of Acquisitions
Allergan Plc. (NYSE:AGN) announced a pair of acquisitions on Tuesday, both of companies developing treatments for liver disease. Allergan changed its dealmaking strategy following the collapse of its planned $160 billion merger with... More of this article »
Johnson & Johnson Inks Deal For Abbott Eye Health Unit
Johnson & Johnson has reached an agreement to buy the eye health unit of Abbott Laboratories for about $4.3 billion in cash. The unit, called Abbott Medical Optics, makes eye drops and contact lens cleaners, as well as equipment... More of this article »
Monsanto Agrees To Bayer’s Takeover Bid
Monsanto Co. (NYSE:MON) has reached an agreement for Bayer AG to buy the company in an all-cash deal worth about $66 billion. The deal will marry two of the world’s top farm suppliers. Details of the merger agreement is to be... More of this article »
Aeropostale Selling Business To Mall Group
Teen clothing retailer Aeropostale Inc. (AROPQ) will be selling its assets to a partnership of mall owners after receiving permission from the court for the deal. The group won a Sept. 2 auction for the business with a bid of $243... More of this article »
HP Inc. To Pay $1.05B For Samsung’s Printing Business
HP Inc. (NYSE:HPQ) has announced that it has reached an agreement to purchase Samsung’s printing business in a deal worth $1.05 billion. With the acquisition, HP gets Samsung’s laser printing technology and around 6,500 printing... More of this article »
Bayer Sweetens Monsanto Offer, Raising Per Share Price
Bayer AG (BAYRY) has raised its offer to buy Monsanto Co. (NYSE:MON) from its previous offer of $125 a share to $127.50 a share. The deal would create a global firm well positioned to help farmers around the world produce food for... More of this article »
Anheuser-Busch InBev To Slash Jobs After Merger
Anheuser-Busch InBev has announced that roughly 3 percent of its combined workforce will be cut after the acquisition of rival SABMiller is completed. That would total about 5,500 jobs, based on both companies’ current workforce... More of this article »
Pfizer Inks Deal For Medivation Acquisition
Pfizer Inc. (NYSE:PFE) reports that it has reached an agreement to buy biotech company Medivation Inc. for about $14 billion. According to the terms of the deal, Pfizer will pay $81.50 a share for the company, a 21 percent premium... More of this article »
AB InBev Raises Bid For SABMiller
Anheuser-Busch InBev (NYSE:BUD) raised its bid for rival brewer SABMiller in an attempt to quash investor dissent. In the light of exchange rate volatility and market movements, the company raised its bid to 45 pounds a share, up from... More of this article »
Medtronic Announces Deal For HeartWare
Medtronic Plc. (NYSE:MDT) has announced its intentions to buy HeartWare International Inc. (NASDAQ:HTWR) for about $1.1 billion. Medtronic will pay $58 a share in an all-cash transaction, according to a statement made on Monday. Both... More of this article »
Samsung Announces Acquisition Of Joyent For Undisclosed Sum
Samsung (SSNLF) has announced that it will purchase Joyent, an 11-year-old company that is a cloud provider and container pioneer. According to a statement from the companies, Joyent will operate as an independent subsidiary within... More of this article »