mergers and acquisitions

Stories 101 - 120 | << Prev   Next >>

2 of Nation's Oldest Companies to Create Chemical Giant

'DowDupont' is in the works

(Newser) - You've heard of Dow Chemical. You've heard of DuPont. Prepare to forget both as single entities: Assuming regulators give their blessing, the two will merge into one chemical behemoth to be known as DowDuPont. At least for a while. As the Wall Street Journal reports, the plan eventually...

Pfizer Leaving US in World's Biggest Drug Merger

It's combining with Allergan, based in Ireland, in $160B deal

(Newser) - The world is getting a new No. 1 drug company and the US is losing a giant: Pfizer and Allergan agreed to merge Monday in a deal worth an estimated $160 billion, reports Reuters . Pfizer makes blockbusters such as Viagra and Lipitor, while Allergan makes Botox. The deal will result...

Walgreens Is Buying Rite Aid
 Walgreens Is Buying Rite Aid 
Oct 27, 2015 4:42 PM CDT

Walgreens Is Buying Rite Aid

For $9.41B

(Newser) - Walgreens confirmed Tuesday that it will buy rival pharmacy chain Rite Aid for about $9.41 billion in cash. The Wall Street Journal first reported news of the deal. Walgreens says it will pay $9 per share for Camp Hill, Pennsylvania-based Rite Aid Corp. That's a premium of 48%...

Deal Creates Beer Behemoth
 Deal Creates Beer Behemoth 
Oct 13, 2015 3:03 AM CDT

Deal Creates Beer Behemoth

2 biggest brewers plan $104B merger

(Newser) - The brewer of Budweiser and Stella Artois has announced an agreement in principle with SABMiller to take over the company and create the world's biggest beer giant. Anheuser-Busch said Tuesday it had increased its offer overnight for the world's second-largest brewer and that both boards "reached agreement...

Telecom Giant Nabs Cablevision in $18B Deal

'The time is right for new ownership of Cablevision,' company says

(Newser) - European telecommunications and cable company Altice has agreed to buy New York cable operator Cablevision for $17.7 billion, including debt. Altice announced the deal today before European financial markets opened, and Cablevision says the family-controlled company considered that "the time is right for new ownership of Cablevision."...

Dish May Merge With T-Mobile: 3 Reasons to Care

Purchase price hasn't been agreed upon

(Newser) - Today's merger rumblings: Dish Network and T-Mobile are in talks to merge, sources tell the Wall Street Journal . Though details, including a purchase price, have yet to be finalized, the companies agree that Dish CEO Charlie Ergen would be chairman of the combined company, while T-Mobile CEO John Legere...

Charter Strikes $55B Deal for Time Warner

Charter tried this before, but Time Warner said no

(Newser) - Charter Communications will spend $55.33 billion to acquire Time Warner Cable in a cash-and-stock deal that would instantly create one of the largest pay-television and broadband operators in the US. As part of the agreement, Charter will also buy Bright House Networks for more than $10 billion. Charter will...

Shell Buying BG Group in $69.7B Takeover

Oil companies look to consolidate as oil prices slump

(Newser) - Royal Dutch Shell has agreed to buy British gas producer BG Group for $69.7 billion in cash and stock, the companies announced today. The move gives oil giant Shell a greater stake in natural gas markets in the wake of tumbling oil prices. A joint statement said the boards...

Electrolux to Buy GE Appliance Business in $3.3B Deal

Purchase should be approved by 2015

(Newser) - Sweden's Electrolux is buying the appliances business of General Electric for $3.3 billion, boosting its presence on the North American market, the companies announced today. The acquisition is the largest ever for Stockholm-based Electrolux, ranked as the world's second-biggest home appliance-maker after US rival Whirlpool. GE confirmed...

Amazon's Big Buy: Site for Watching Video Games

Twitch brings together millions to view broadcasted gaming

(Newser) - Amazon just bought the fourth-largest source of online traffic in its second-biggest purchase ever, the Wall Street Journal reports—but you may never have heard of the service in question. Twitch is an online channel that offers video gamers a chance to watch each other play. Amazon reached a deal...

Burger King Goes Canadian With $11B Tim Hortons Buy

Merger would move company's base, save a bundle in taxes

(Newser) - Burger King is confirming an $11 billion buy of Canada's iconic Tim Hortons coffee chain that will create Earth's third-biggest fast-food company and settle its headquarters in Canada—where corporate tax rates are conveniently around 26%, compared to a basic rate of 35% in the US. The merger...

Dollar General Opens Bidding War

Makes $9.7B offer for Family Dollar, topping Dollar Tree's $8.5B bid

(Newser) - There's now a bidding war for Family Dollar, with Dollar General today offering about $9.7 billion for the discounter in an effort to trump Dollar Tree's $8.5 billion bid last month. Dollar General Corp. said today that it would pay $78.50 per share in cash,...

Fox Drops Bid to Grab Time Warner

Rupert Murdoch is moving on

(Newser) - A deal that would have combined two of the world's biggest media companies is no more—21st Century Fox is abandoning its attempt to take over Time Warner . The about-face announced today comes three weeks after Time Warner revealed that it had rejected 21st Century Fox's unsolicited $76...

New Real Estate Behemoth: Zillow Buys Trulia for $3.5B

All-stock deal may drastically affect real estate agents' livelihood

(Newser) - Apparently, we're starting the workweek with competitors eating each other for breakfast. First Dollar Tree announced it would be buying rival Family Dollar, and now real estate heavyweight Zillow is snatching up competitor Trulia for a hefty $3.5 billion, reports the AP . The all-stock deal will result in...

Now on Fox's Shopping List: Time Warner

$80B offer rebuffed, but Murdoch unlikely to give up

(Newser) - Rupert Murdoch's 21st Century Fox made an $80 billion bid to buy Time Warner last month, sources tell the New York Times , and while Time Warner replied with what's described as a "terse letter" of rejection, the sources say Murdoch is locked in and unlikely to give...

$27B Tobacco Merger Creates Cigarette 'Duopoly'

Reynolds, Lorillard to merge

(Newser) - Reynolds American, the maker of Camel and Pall Mall cigarettes, has agreed to buy Lorillard, the maker of Newport menthols, in a deal that will make it a strong second to Marlboro manufacturer Altria in the US tobacco market, the Wall Street Journal reports. Reynolds will pay a combination of...

Tyson Wins Hillshire Farms Sweepstakes—for $7.7B

Almost $1B more than rival Pilgrim's Pride offered

(Newser) - Tyson Foods has won the bidding war to buy Hillshire Brands, topping an offer from rival Pilgrim's Pride by almost a billion dollars, the Wall Street Journal reports. Tyson will pay $63 a share in cash for Hillshire, which makes Jimmy Dean sausages and Ball Park franks, among other...

Apple Makes Dr. Dre Hip-Hop's Richest Man

'Star-struck' firm pays record $3B for Beats Electronics

(Newser) - Apple has made the biggest buy in its history—and made Dr. Dre the richest man in hip-hop history. The company has confirmed that it is buying Beats Electronics for $3 billion, down from the $3.2 billion discussed earlier this month , reports Bloomberg , which notes that Apple is sitting...

YouTube Makes $1B Play for Game Streaming Site: Report

Company looks to acquire Twitch

(Newser) - YouTube is on the verge of a $1 billion-plus deal to buy Twitch, sources tell Variety . If you're not nerdy enough to know, Twitch is a popular destination for video game fans, where top players (or anyone, really) stream video of their play sessions. The company boasts that it...

AT&T Agrees to Buy DirecTV in $48.5B deal

Acquisition would create 2nd-biggest US pay TV operator

(Newser) - AT&T Inc. today agreed to buy DirecTV for $48.5 billion, or $95 per share, a move that gives the telecommunications company a larger base of video subscribers and increases its ability to compete against Comcast and Time Warner Cable, which agreed to a merger in February. AT&T'...

Stories 101 - 120 | << Prev   Next >>
Most Read on Newser