Latest Mergers and acquisitions News

Energy companies seek to make case in proposed merger

Dec. 06, 2021 13:57 PM EST

ALBUQUERQUE, N.M. (AP) — Global energy giant Iberdrola, New Mexico’s largest electric utility and other groups on Monday asked state regulators to present oral arguments before a vote is taken on a proposed multibillion-dollar merger that would affect more than 500,000 customers and potentially...

Trump media venture under scrutiny by market regulators

Dec. 06, 2021 13:00 PM EST

NEW YORK (AP) — Regulators are looking into the deal that would bring Donald Trump's new social media company to the stock market, one that has attracted both legions of fans of the former president and people looking to make a quick profit. The company partnering with Trump Media...

Indiana-based Shoe Carnival buys Alabama-based Shoe Station

Dec. 05, 2021 11:11 AM EST

MOBILE, Ala. (AP) — An Indiana-based shoe retailer has purchased a family-owned Alabama company that operates shoe stores in five states across the Southeast in a $67 million deal. Shoe Carnival Inc., with headquarters in Evansville, Indiana, said Friday it had acquired...

Trump media partner says it has lined up $1B in capital

Dec. 04, 2021 14:37 PM EST

PALM BEACH, Florida (AP) — Donald Trump’s new social media company and its special purpose acquisition company partner say the partner has agreements for $1 billion in capital from institutional investors. The former president launched his new company, Trump Media...

Grab goes public in $40B SPAC deal, slides in market debut

Dec. 02, 2021 13:04 PM EST

HONG KONG (AP) — Southeast Asia’s largest ride-hailing company Grab tumbled in its market debut Thursday, following a $40 billion merger in a special purpose acquisition company deal. The Singapore-based company's debut on the Nasdaq came more than seven months after...

Lee Enterprises tries to ward off hostile takeover by Alden

Nov. 28, 2021 15:52 PM EST

DAVENPORT, Iowa (AP) — The Lee Enterprises newspaper chain has adopted a “poison-pill” plan to protect itself from a hostile takeover while the company's board considers an unsolicited offer from hedge fund Alden Global Capital. The shareholder rights plan would...

Mexican regulators approve $31 billion railroad merger deal

Nov. 28, 2021 15:25 PM EST

KANSAS CITY, Mo. (AP) — Mexican regulators have approved Canadian Pacific's $31 billion plan to acquire Kansas City Southern and create a railroad linking Mexico, Canada and the United States. The deal could close as soon as mid-December if shareholders of both...

Offices dismiss ethics complaints against attorney general

Nov. 26, 2021 23:51 PM EST

ALBUQUERQUE, N.M. (AP) — Three state watchdog offices have dismissed a nonprofit group's complaints accusing New Mexico Attorney General Hector Balderas of ethics violations in connection with a proposed merger involving the state's largest utility company. The actions...

US sues to halt sugar merger, says it would harm competition

Nov. 23, 2021 15:20 PM EST

WASHINGTON (AP) — The Justice Department filed a lawsuit on Tuesday seeking to block a major U.S. sugar manufacturer from acquiring its rival, arguing that allowing the deal would harm competition and consumers. The suit was filed in federal court in Delaware. It comes...

Thailand's DTAC and True to merge, pursue tech businesses

Nov. 22, 2021 21:42 PM EST

Major Thai telecoms companies DTAC and True Corp. plan to merge to pursue opportunities in the tech sector, their parent companies said Monday. Thai National Broadcast reported that regulators were asking the companies for clarification about the plan announced by...