Latest Mergers and acquisitions News

GateHouse, Gannett join, become largest US newspaper chain

Nov. 19, 2019 5:25 PM EST

NEW YORK (AP) — GateHouse closed its $1.1 billion takeover of USA Today publisher Gannett, becoming the country’s largest newspaper company by far and pledging significant cost cuts at a time when print publications are in precipitous decline. The merger brings together about 260 daily papers,...

Federal Reserve, FDIC approve merger of BB&T, SunTrust banks

Nov. 19, 2019 5:21 PM EST

NEW YORK (AP) — The Federal Reserve and the Federal Deposit Insurance Corp. on Tuesday approved the $66 billion merger between BB&T and SunTrust, clearing the last hurdles in creating the sixth-largest bank in the U.S. The combination of BB&T Corp., which is based in Winston-Salem, North Carolina,...

HP rejects takeover offer from Xerox

Nov. 17, 2019 9:28 PM EST

HP Inc. says its board has rejected a roughly $33.5 billion takeover offer from Xerox. The Palo Alto, California-based company said Sunday that the cash and stock deal undervalues its business and its board cited concerns about “outsized” debt levels should the companies combine. HP, which makes...

Shareholders OK GateHouse’s $1.4B acquisition of Gannett

Nov. 14, 2019 2:54 PM EST

NEW YORK (AP) — Two of the largest U.S. newspaper companies are set to combine after shareholders approved GateHouse Media’s $1.4 billion acquisition of Gannett. New York-based New Media Investment Group, which owns GateHouse, announced in August its plan to buy USA Today owner Gannett. The deal...

Chinese buyer of British Steel looks to grow abroad

Nov. 13, 2019 6:03 AM EST

BEIJING (AP) — Jingye Group's purchase of British Steel Ltd. gives the privately owned Chinese steelmaker a chance to grow outside a home market dominated by giant state-owned mills. The deal adds to a string of global acquisitions by Chinese companies that want to speed their growth in industries from...

Fitbit buy is Google's latest step into gadgetry

Nov. 2, 2019 10:37 AM EDT

Google's acquisition of wearable pioneer Fitbit may be a bold plunge into health and fitness technology. But it's also just the latest step in the internet giant's often-halting effort to become a force in consumer hardware. Once a pure software company known for its search engine, apps like Gmail and its Android...

Governor threatens possible PG&E takeover if no plan is made

Nov. 1, 2019 8:12 PM EDT

SACRAMENTO, Calif. (AP) — California's governor on Friday threatened a possible takeover of the troubled utility blamed for sparking deadly wildfires across the state with its outdated equipment unless it can emerge from bankruptcy ahead of next year's wildfire season with a plan focused on safety. Gov....

One big step: Google buys Fitbit for $2.1 billion

Nov. 1, 2019 4:49 PM EDT

Google, the company that helped make it fun to just sit around surfing the web, is jumping into the fitness-tracker business with both feet, buying Fitbit for about $2.1 billion. The deal could put Google in direct competition with Apple and Samsung in the highly competitive market for smartwatches and other...

Fiat Chrysler-PSA deal likely to bring fewer brands, models

Oct. 31, 2019 5:53 PM EDT

MILAN (AP) — Automobile shoppers across the globe are likely to see fewer vehicles and brands if the merger of Fiat Chrysler and France's PSA goes through, but the new company will be big enough to compete in a fast-changing business that requires vast sums of money to develop autonomous and electric...

The Latest: CEO hints FCA may not want same contract as GM

Oct. 31, 2019 1:38 PM EDT

MILAN (AP) — The Latest on the merger deal between Fiat Chrysler and PSA Peugeot (all times local): 6:05 p.m. Fiat Chrysler CEO Mike Manley says the three Detroit automakers are in "different conditions" in terms of labor forces, hinting that the company may seek changes to union contract deals reached...