Mergers & Acquisitions

Qualcomm-NXP Deal Sparks EU Antitrust Investigation

EU antitrust authorities opened an investigation into Qualcomm’s (NASDAQ:QCOM) planned acquisition of NXP Semiconductors (NASDAQ:NXPI) on Friday. Qualcomm agreed to buy Netherlands-based NXP for $39 billion in October. The deal is the largest-ever in the semiconductor industry. The newly merged company would hold strong market positions with both baseband chipsets and chips for mobile devices. […]

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 percent on Straight Path’s closing share price on Wednesday. The deal is expected to close within nine months, pending review […]

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 9 percent premium to Kate Spade’s closing price on Friday. The deal is expected to close […]

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. The Justice Department had sued to stop the $48 billion merger, which would combine two of the […]

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 delay the closing of the DuPont-Dow merger for the third time. DuPont’s merger with Dow is […]

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 portfolio of brands currently includes Olive Garden, LongHorn Steakhouse, Yard House, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V’s. Darden is purchasing the […]

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 on track for its target completion date of late June. In late January, DuPont CEO Ed Breen said the […]

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 deal. Some analysts are estimating Sprouts could fetch around $26 per share in deal. That would be an […]

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 the deal Friday. Wal-Mart, which has a market cap of $216 billion, was trading down slightly as the market opened Friday. In a […]

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 said of the deal, “With this transaction, RBI is adding a brand that has a distinctive position within a compelling segment and […]

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 company in a mix of cash and stock. The proposal is for $30.23 a share in […]

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 common stock approved the merger agreement. Time Warner agreed to AT&T’s offer of $107.50 a share on Oct. 22. At the […]

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 try to win Justice Department approval for the Humana deal. Aetna chief executive Mark T. Bertolini said […]

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 it. The offer of $13.25 per share is at a premium of 11.5 percent to MoneyGram’s Wednesday’s close. MoneyGram’s biggest shareholder, private equity […]

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 timetable. The transaction had been expected to close in the first three months of 2017. Now, it is believed that the […]

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’ outstanding common stock, or roughly $57 a share. The company says it plans to fund between 51 percent and 80 percent of […]

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 that the deal has been approved by the boards of both companies. Mars has committed financing from […]

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 as in manufacturing and food production. The merged company would have a combined market value of $66.6 billion and about […]

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 operation will have an expanded route network of nearly 1,200 daily flights to 118 destinations in the United States, […]

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 of a takeover. Jean-Paul Clozel, Actelion’s chief executive and founder, was reportedly open to a deal that would […]

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, we’re well positioned to accelerate the expansion of our platform and ecosystem to make Fitbit a vital part of […]

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 price. Symantec says that it will finance the deal with a combination of cash and $750 million of new debt. The […]

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 a share for a stake of 62.5 percent in the new company and contribute its […]

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 would leave only four major brokers operating in the United States, with the others being Charles Schwab, Fidelity Investments and E-Trade. […]

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 BAT stock worth $56.50 a share for the rest of the company. The offer is a roughly […]

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 retailer is buying Cabela’s for $65.50 per share, or about $5.5 billion. Bass Pro reportedly beat out private-equity firm Sycamore […]

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 Pfizer Inc. Now, the company is focusing on acquiring small and mid-sized assets. The company will hold a conference call Wednesday, September […]

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 used for cataract surgery and laser vision correction procedures. Abbott bought the business for $2.8 billion […]

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 revealed by next week. The companies expect the deal to be closed by the […]

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 million. U.S. Bankruptcy Judge Sean Lane approved the sale in Manhattan court Monday. The […]

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 technology patents. The sale is expected to take place after Samsung’s printer business completes its spinoff on November 1 and […]

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 a growing population. Monsanto is currently the world’s largest supplier of crop seeds […]

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 rolls. SABMiller employs some 70,000 people and AB InBev more than 150,000. The company expects the potential job losses to […]

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 over Medivation’s closing stock price Friday. Pfizer said it plans to finance the transaction with […]

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 44 pounds in October. AB InBev said the revised terms were final. Under British law, that […]

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 boards unanimously approved the deal, which is expected to close during its second quarter, which ends on Oct. 28. The […]

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 Samsung and will use Samsung’s global reach to acquire additional clients. Several of Joyent’s key executives will join Samsung’s executive […]

Microsoft LinkedIn Deal Worth $26.2B Announced

In a joint statement, Microsoft (NASDAQ:MSFT) and LinkedIn (NYSE:LNKD) announced that the networking site would be acquired by the tech titan in an all cash deal worth $26.2 billion. The terms of the deal value LinkedIn at $196 per share. That’s considerably higher than Friday’s closing price of $131.08. The deal is expected to close […]