Latest Mergers and acquisitions News

Seafood companies plan to merge parts of their operations

May. 29, 2020 6:16 PM EDT

JUNEAU, Alaska (AP) — Ocean Beauty Seafoods and Icicle Seafoods Inc. announced plans Friday to merge parts of their operations under a new company. The merger, set to take effect Monday, will include Ocean Beauty and Icicle shoreside plants in Alaska, according to a release. Financial terms were not...

Scott Churchill, sales associate at Horizon Goodwill, works from behind plexiglass while helping a customer with a purchase at Horizon Goodwill in the South End Shopping Center in Hagerstown, MD., Tuesday, May 26, 2020. Horizon Goodwill is reopening some of their retail stores with additional safety measures in place including, requiring customers and staff to wear face coverings, occupancy limits in the store and frequent sanitizing. (Colleen McGrath/The Herald-Mail via AP)

Hogan: Maryland to move to full stage 1 virus recovery plan

May. 27, 2020 7:01 PM EDT

ANNAPOLIS, Md. (AP) — Maryland will fully implement the first stage of its coronavirus recovery plan later this week, Hogan said Wednesday, allowing outdoor dining at restaurants while further lessening some restrictions on outdoor activity. Separately, the chairman of a legislative committee criticized...

Rental bikes removed from Seattle during Lime-Jump merger

May. 26, 2020 10:09 AM EDT

SEATTLE (AP) — A San Francisco-based transportation company has prepared to redeploy rentable bikes in Seattle after it took over a rival bike renting company in a merger. The announcement came after Uber, which owned Jump, led a $170 million investment in Lime, resulting in Lime acquiring Jump's...

Maui watershed purchase could be delayed due to virus cuts

May. 25, 2020 11:16 AM EDT

WAILUKU, Hawaii (AP) — A county government's acquisition of a private water delivery system for Maui’s drinking water may be delayed because of budget cuts resulting from the coronavirus outbreak. Maui County Water Director Jeff Pearson said his department had allocated $2.5 million to evaluate the...

FILE - In this April 5, 2020, file photo, Navy Rear Adm. John Polowczyk, supply chain task force lead at the Federal Emergency Management Agency, speaks during a coronavirus task force briefing at the White House in Washington. U.S. officials are invoking a rarely used provision of American law that would shield companies from antitrust regulations to help the country from again running out of medical supplies in a pandemic. Polowczyk, who was appointed to run a White House supply chain task force in response to the outbreak, told reporters last week that the government is expanding the emergency stockpile of critical supplies and medicines managed by the Department of Health and Human Services. (AP Photo/Patrick Semansky, File)

US seeking industry cooperation on future medical supplies

May. 21, 2020 4:17 PM EDT

WASHINGTON (AP) — U.S. officials are invoking a rarely used provision of American law that would shield companies from antitrust regulations to help the country from again running out of medical supplies in a pandemic. The government began formal discussions Thursday with private industry representatives...

FILE - In this Nov. 6, 2019, file photo, a restaurant advertises Uber Eats in the Coconut Grove neighborhood in Miami. The Wall Street Journal reports that Uber is considering acquiring Grubhub in a deal that would give the companies control over a majority of the U.S. food delivery business. Citing anonymous sources, the newspaper says Uber approached Grubhub earlier this year with an all-stock takeover offer. (AP Photo/Lynne Sladky, File)

Uber considers buying Grubhub, according to newspaper report

May. 12, 2020 7:42 PM EDT

NEW YORK (AP) — Uber is considering acquiring Grubhub in a deal that would give the companies control over a majority of the U.S. food delivery business, according to published reports. Ride-sharing and food delivery giant Uber Technologies Inc. approached Grubhub Inc. earlier this year with an all-stock...

Workers wearing protective outfits sanitize a shop in via Monte Napoleone fashion shopping street, in Milan, Italy, Monday, April 27, 2020.  Italian factories, construction sites and wholesale supply businesses can resume activity as soon as they put safety measures into place aimed at containing contagion with COVID-19. This concession comes with partial easing of national lockdown restrictions announced Sunday night by Italian Premier Giuseppe Conte. (Claudio Furlan/LaPresse via AP)

Global luxury goods sales to slide up to 35% - study

May. 7, 2020 9:14 AM EDT

SOAVE, Italy (AP) — The global luxury goods sector is heading for a stunning collapse of up to 35% this year due to coronavirus lockdowns, according to a new study by the Bain consultancy published Thursday. Bain Partner Claudia D’ Arpizio said it would take two to three years to return to 2019...

TV broadcaster Sinclair fined $48 million over Tribune deal

May. 6, 2020 6:24 PM EDT

The federal government has fined Sinclair Broadcasting Corp. $48 million, largely because of actions the TV broadcaster took in its failed attempt to acquire smaller rival Tribune Media. Sinclair in 2017 proposed a $3.9 billion deal for Tribune’s TV stations, attempting to extend its reach into new...

AK Steel to close Dearborn factory, ending 343 jobs

May. 5, 2020 3:24 PM EDT

DEARBORN, Mich. (AP) — A steel plant with 343 employees in suburban Detroit will close in July. AK Steel Corp. said the Dearborn factory is closing “due to rapidly deteriorating business conditions.” The company informed state officials in a letter dated Monday. AK Steel is part of...

FILE - In this Sunday, April 23, 2017, file photo, visitors arrive at the fairgrounds to attend the High Times Cannabis Cup in San Bernardino, Calif.  The owner of High Times is going to start selling marijuana after championing its use in the pages of its magazine for nearly half a century. Hightimes Holding Corp. said Tuesday, April 28, 2020 is acquiring 13 dispensaries from Harvest Health and Recreation, one of the largest multi-state producers and sellers of cannabis in the U.S.  (AP Photo/Richard Vogel, File)

High Times owner scores 13 California marijuana dispensaries

Apr. 28, 2020 10:24 AM EDT

LOS ANGELES (AP) — The owner of High Times is going to start selling marijuana after championing its use in the pages of its magazine for nearly half a century. Hightimes Holding Corp. said Tuesday is acquiring 13 dispensaries from Harvest Health and Recreation, one of the largest multi-state producers...