Latest Mergers and acquisitions News

China calls on US to 'correct' Iran sanctions

Jul. 19, 2019 7:17 AM EDT

BEIJING (AP) — China urged Washington on Friday to "correct" sanctions imposed on Chinese companies accused of helping Iran acquire materials for its nuclear program. U.S. pressure on Iran and its "long-arm jurisdiction" against companies in third countries is the "root cause" of tension with Tehran, a...

Report: Newspaper chains Gannett, GateHouse in merger talks

Jul. 18, 2019 5:31 PM EDT

NEW YORK (AP) — Two of the country's largest newspaper companies are in "advanced talks" to combine. That's according to a Wall Street Journal report that cites unidentified people familiar with the matter. The Journal says that Gannett Co., the owner of USA Today, and GateHouse Media, the owner of the...

EU clears Vodafone's $22 billion deal to expand in Europe

Jul. 18, 2019 5:24 AM EDT

BRUSSELS (AP) — The European Union has cleared telecom operator Vodafone's acquisition of Liberty Global's operations in Germany, the Czech Republic, Hungary and Romania but has imposed some conditions. The EU Commission said that the deal, valued at 18.4 billion euros ($21.8 billion), will go ahead if...

Cubs get catcher Maldonado from Royals for LHP Montgomery

Jul. 16, 2019 2:31 AM EDT

CHICAGO (AP) — With their All-Star catcher sidelined, the Chicago Cubs quickly found some experienced help behind the plate. The NL Central leaders acquired Martín Maldonado in a trade with Kansas City on Monday night that sent left-hander Mike Montgomery to the Royals. Cubs president of baseball...

Fox 2000 chief joins Sony after being jettisoned by Disney

Jul. 15, 2019 3:34 PM EDT

NEW YORK (AP) — Elizabeth Gabler, whose Fox 2000 produced acclaimed literary adaptations like "Life of Pi" and "Hidden Figures" before being axed in the aftermath of the Walt Disney Co. acquisition, has found a new home at Sony Pictures. Sony on Monday announced a new production deal with the former Fox...

Deutsche Bank cuts mark end to failed bid for global scale

Jul. 8, 2019 3:02 PM EDT

BERLIN (AP) — The radical and painful restructuring of Germany's Deutsche Bank, which is cutting 18,000 jobs, is the end of a long, failed attempt to compete with the global investment banking giants that left it overextended. The bank plan unveiled Sunday aims to go "back to our roots" by refocusing on...

Dubai's DP World acquires oil shipping firm Topaz for $1.1B

Jul. 1, 2019 8:44 AM EDT

DUBAI, United Arab Emirates (AP) — International port operator DP World has acquired a major oil and gas marine logistics provider for nearly $1.1 billion. Dubai-based DP World announced on Monday that it had acquired 100% of Topaz from the Oman-listed Renaissance Services, furthering the port operator's...

United Airlines to drop one of last vestiges of Continental

Jun. 27, 2019 5:03 PM EDT

CHICAGO (AP) — The Chicago-based parent company of United Airlines is changing its name and shedding a bit more of its Houston connections. The company said Thursday it will change from United Continental Holdings Inc. to United Airlines Holdings Inc. beginning Friday. The new name drops all reference to...

Chicago investment firm takes majority stake in Whataburger

Jun. 14, 2019 2:20 PM EDT

SAN ANTONIO (AP) — An investment firm has purchased a majority stake in Whataburger as the Texas-based fast-food company seeks to expand in an increasingly competitive market. Whataburger announced Friday that the purchase by Chicago-based BDT Capital Partners should be finalized by the end of the summer...

Schlitterbahn, Cedar Fair enter $261M water park sale deal

Jun. 13, 2019 4:57 PM EDT

AUSTIN, Texas (AP) — A Texas-based water park company on Thursday announced an agreement to sell two of its attractions and will also give the buyer the right to acquire its Kansas site where a 10-year-old boy was killed nearly three years ago. Schlitterbahn said in a news release it sold a water park and...