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Mergers and acquisitions
December 06, 2018
Sears' biggest holder bids $4.6B for rest of bankrupt chain
Eddie Lampert and his ESL Holdings hedge fund are offering to buy the rest of Sears for up to $4.6 billion in cash and stock ...
November 29, 2018
Iran says it has added 2 mini submarines to its naval fleet
Iran's navy has acquired two new mini submarines designed for operations in shallow waters such as the Persian Gulf, the ...
November 27, 2018
United Technologies is breaking into 3 independent companies
United Technologies is breaking itself into three independent companies now that it has sealed its $23 billion acquisition ...
November 24, 2018
Black Friday and Cyber Monday are increasingly merging
The physical rush of Black Friday and the armchair browsing of Cyber Monday are increasingly blending into one big holiday ...
November 21, 2018
As Ghosn heads for Nissan exit, Renault merger hopes fade
The arrest of Nissan chairman Carlos Ghosn could extinguish any remaining hopes for a merger with key shareholder Renault, ...
November 13, 2018
Binny Bansal out as CEO of Flipkart Group
The co-founder of Flipkart, the massive online retail operation in India acquired by Walmart this year, has stepped down as ...
November 12, 2018
MTV acquires SnowGlobe Music Festival
MTV is expanding its live events business in the U.S. by acquiring the SnowGlobe Music Festival. The three-day New Year's Eve ...
November 08, 2018
CommScope, getting ready for 5G, spends $5.7B for Arris
Telecommunications equipment maker CommScope is paying $5.7 billion for Arris International as it prepares for the entrance ...
November 08, 2018
Australian watchdog approves Nine network, Fairfax merger
Australia's competition watchdog on Thursday approved the proposed merger of television network Nine Entertainment and ...
October 29, 2018
IBM's $34B Red Hat deal is risky bid to boost cloud business
IBM's plan to buy Red Hat is both the biggest acquisition in IBM's century-long history and a risky effort to position itself ...
October 28, 2018
IBM set to acquire North Carolina-based Red Hat in $34B deal
IBM announced Sunday it will acquire North Carolina-based open-source software company Red Hat in a $34 billion stock deal ...
October 15, 2018
Defense contractors Harris, L3 Technologies to merge
Defense contractors Harris Corp. and L3 Technologies are combining to form one of the world's largest defense companies.
October 10, 2018
DOJ approves $69B CVS Health-Aetna merger, with conditions
The proposed $69 billion merger between CVS Health and Aetna is getting a greenlight from the Department of Justice, with ...
October 03, 2018
Atlantic City's Tropicana casino bought in $1.9B acquisition
Eldorado Resorts has completed its purchase of Atlantic City's Tropicana casino. The Press of Atlantic City reports the deal ...
September 27, 2018
Board reshuffle at Rite Aid after 2 failed merger attempts
After two failed buyout attempts that could have put it in a better position to compete against larger rivals, Rite Aid is ...
September 25, 2018
Inspire Brands buys Sonic burger chain for $2.3 billion
Arby's owner Inspire Brands is buying the Sonic drive-in hamburger chain. Inspire is paying $43.50 per share cash, or $2.
September 24, 2018
Singapore fines Uber, Grab for 'anti-competitive' merger
Singapore's competition watchdog has fined ride-hailing giant Uber and its regional rival Grab 13 million Singapore dollars ...
September 18, 2018
Tyson Foods CEO to step down for 'personal reasons'
Tyson Foods, one of the largest meat producers in the world, announced Monday that its president and CEO Tom Hayes will step ...
September 13, 2018
Eldorado gets temporary OK to own Tropicana casino
Eldorado Resorts was given temporary approval to own Atlantic City's Tropicana casino, expressing optimism about a growing ...
September 11, 2018
Germany's 2 main department store chains set to merge
Germany's two main department store chains are set to merge in a deal under which Canada-based Hudson's Bay Co. will form a ...